Launching an imperfect product is an uncomfortable proposition, but you need to get your product in front of customers so you can start getting real feedback, says Will Hartley, CEO of Slingshot Foods, which makes a breakfast drink that includes a pouch of granola. "If we had waited until literally all of the kinks were worked out of the system we still wouldn't have a product on the shelf," he said.
Tesla's status as the most valuable publicly traded US car company might seem outlandish given its relatively modest annual sales totals and its $780 million loss last year. The company's performance could hinge on the future of the industry as a whole, including whether electric cars and self-driving technology will ever go mainstream.
Theranos has agreed to vacate the blood-testing industry for at least two years in a move that it said would resolve all outstanding regulatory issues with the Centers for Medicare & Medicaid Services. As part of the deal, the regulator will lower the monetary penalty against Theranos and will not revoke its operating certificates.
Slack is hoping that superior customer service will help its communications product compete with offerings from Microsoft and other large competitors. To that end, all of the company's executives -- CEO Stewart Butterfield included -- participate in the customer-support process.
A young startup will reflect the values of its founder so start the branding process by thinking about your personal history, writes Alex Chuang, co-founder of Launch Academy. Afterward, develop a word cloud that captures the essential elements of your company and find images that evoke the right emotions, he writes.
More than two-thirds of the fantasy sports startups that were in business a year ago have partnered with rivals, changed their business plans or closed their doors, says the Fantasy Sports Trade Association. Uncertainty about their legal status has cut off many startups' access to capital, making it impossible for them to survive, said Peter Schoenke, the trade group's chairman.