At the announcement of the new service, venture capitalist Marc Andreessen — an investor in Lyft — went on a Twitter firestorm extolling the virtues of the service. Never one to hold back, Andreessen called Lyft Line “an archetypal example of how Silicon Valley is going straight at the hard problems.”
Phones are an integral part of business. Without it, the business wouldn’t have a way to connect with each other and their customers. However, phone systems have been clunky or very hard to integrate into a business and the costs to buy and upkeep the system adds to the problem. Vonjour brings their cloud-based phone systems for business and looks to upgrade business call systems everywhere.
How will you know when to revise your business plan? The short answer is that plans are living documents and should be constantly evolving. That being said, there are certain times when major, rather than incremental change, is called for. How do you distinguish between the two? Below are unmistakable signs, or forks in the road, that should prompt you to substantially rethink your plan.
The relationship between investors and founders can be tricky to navigate. At the best of times, it’s symbiotic, leading to gains for both sides. At others it can degenerate into a test of wills, or worse. How can you forge mutually beneficial, productive relationships with VCs that make best use of your respective strengths and effectively utilize your time?
Whether you know it or not, you’re in the data business. As our lives continue to migrate to the Internet – combined with 5 billion mobile phones by 2017 – we’re producing a constant stream of digital exhaust. In fact, 90% of the world’s stored data has been produced within the last two years, and this data footprint continues to double each year. The result is a rapid expansion of data, and we’re witnessing the “Big Bang of the dataverse,” which is truly the next new frontier.