This Week in Startups Best of This Week in Startups: Week of October 19th, 2020
Oct 24, 2020
Jamie Siminoff, the innovative mind behind Ring.com, shares his entrepreneurial journey from an idea in his garage to revolutionizing home security. He discusses the importance of community engagement in product success and the iterative process of innovation. Siminoff highlights how adapting strategies in the wake of a pandemic can reshape industries, underscoring the emotional struggles entrepreneurs face and emphasizing perseverance in the tech landscape. His insights on building user trust and safety networks are particularly compelling.
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Boosting Book Sales
- Pre-order books on Amazon and gift them to friends to boost initial sales.
- Podcast audience size, email list size, and podcast listens are key factors publishers consider.
Pandemic's Impact on Capital Allocation
- During the pandemic, capital allocators prioritized existing relationships and known individuals.
- Evaluating new managers and ventures has become challenging due to limitations on in-person meetings.
Investing During Crisis
- Jason Calacanis increased his equity investments during the market crash.
- He also made his accelerator program fully virtual and increased investments, taking advantage of reduced activity from other VCs.