TEI 033: Fostering Innovation via a Startup-With Tim Bates

Global Product Management Talk is pleased to bring you episode 033 of... The Everyday Innovator with host Chad McAllister, PhD. The podcast is all about helping people involved in developing and managing products become more successful, grow their careers, and STANDOUT from their peers. Our Guest: Tim Bates is a product creator, founder, and CEO and more recently, an interim executive for hire serving in innovation, product and senior leadership roles. Another interesting thing about Tim is that he lives in Boulder, Colorado, which is an entrepreneur and startup utopia. It is frequently recognized as one of the best places to found a startup, even rivaling San Francisco with a higher per capita percentage of computer scientists and PhDs. Highlights from the discussion include… One big difference between a startup and an enterprise is in the production of a product. Startups are more experimental while enterprises are more finance focused. Enterprises are less likely to engage in Minimum Viable Products (MVPs).The make-up of a product from a startup versus a large company is very different because a startup might design the product for a smaller consumer volume while larger companies may be constrained by minimal revenue hurdles.When a larger company is buying a startup, sometimes they may be buying it for technology reasons that fit into their roadmap of products or they might be viewing it as a disruptive product and they buy it in order to decide what to do with that disruptive product.