Where most start ups fail
Yesterday night I was talking to my colleague Yu-kai Chou. He is CEO of www.viralogy.com. One of his experience is getting venture capitalists on the board (getting their money involved). Yu - Kai is very successful with winning contests where start ups’ CEOs present their businesses in front of experienced venture capitalists. If somebody wins the contests it means that venture capitalists are willing to invest in winner’s business :).
What I would like to share with you is a presentation which Yu-Kai published on his blog.
In my opinion, if you are going to convince somebody that your idea is great, Yu - Kai’s slides can be very helpful. I like the philosophy which is inside. Find the problem, build a solution, convince people that your solution can solve their problems.
I personally believe that start ups concentrate on products features too much and forget about the opportunity they need to create for users. Many start ups want to build solutions which have a lot of options, a lot of functionalities and a lot of choices. This is why they forget about several rules:
1. Web app must be fast
2. Web app must do one thing and be best at it
3. We app must solve specific problem
4. We app must have very simple and clear business model (even when it is the most innovative web app in the world).
Have a great day, keep smiling a lot 
Arek
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