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September 27, 2012

Not much has happened in this blog recently, but so much has happened with Flashpoint.

The first cohort of companies graduated in January, and every company that wanted to raise money did, in many cases from top VC firms.  The second cohort graduated this month, and they’re seeing a lot of interest.   We don’t actually believe that “percentage funded” is a good measure of progress, because it’s dependent on VC’s insight into early stage companies, which is just as flawed as every else’s insight, and on the state of  the market, which is capricious.  Still, pending better metrics, validation for Flashpoint is good, and investment for the graduates is better.

Merrick has raised the bar in customer discovery – refining what it means to discover a true product/market fit, and identifying and addressing the many cognitive illusions and pitfalls of motivated thinking that lead people to misunderstand where they are going and what they find when they get there.  More on that in the coming posts.  And welcome back.


From → Standard Blog

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