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Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.
The most common way customer financing is done is you sell the customer on the product before you've built it or before you've finished it. The customer puts up the money to build the product or finish the product and becomes your first customer. Usually the customer simply wants the product and nothing more.
And so in terms of territorial control, in terms of economic preeminence, the western share of the gross world product is declining as Asian societies in particular develop economically.
Samuel P. Huntington
Aereo is the first potentially transformative technology that has the chance to give people access to broadcast television delivered over the Internet to any device, large or small, they desire. No wires, no new boxes or remotes, portable everywhere there's an Internet connection in the world - truly a revolutionary product.
I don't have answers for anybody else. What I know is that internal complexity makes for superficiality. There's never essentially a pure story unless there's a pure product line that has its own shining clarity.
The most important thing in startups is getting a product to market, as imperfect as it may be, and then iterating on it and continually making it better. A first rev of a site that has a few typos may not be perfect, but it was the start of something that I deeply believed in.
No amount of data will tell you if a feature should be in the product, because it doesn't exist. You need to have a very clear leader with a clear point of view... otherwise, you get a mishmash of features and stuff that doesn't make a lot of sense.
When a company owns one precise thought in the consumer's mind, it sets the context for everything and there should be no distinction between brand, product, service and experience.
I don't spend much time listening to the records when they're done. Usually I let go of it. Especially in the Eighties and Nineties - they were like product, almost.
It's all about having a product that you're proud of and coming to work every day. Those basic building blocks are the same in any business.
I don't go cheap on anything, but I'm not a shopper. If I want something, I look at it, decide what it is, but it will usually be the best product. I've got a pair of loafers that I still wear that I got in 1957.
T. Boone Pickens
Unless a product becomes outmoded, a great campaign will not wear itself out.
Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.
When I see Lemlem walking around New York City, it's just mind-boggling, because I know it came from this one man sitting and weaving this little product.
We can learn from IBM's successful history that you don't have to have the best product to become number one. You don't even have to have a good product.
Everything is a rejection of you, not your product, or your script, or a cosmetic. It's you.
When you are in control of what the final product is, there is kind of no limitation to what you feel like you can do because you know that if you don't like it, you can just cut it out.
But I think technology advertising will have to stop addressing how products are made and concentrate more on what a product will do for the consumer.
Back when 'social' had a broad definition, you could almost say that Yahoo Finance chat was the first social product.
Some story appears in some newspaper that says that somebody said X, Y, and Z, and a customer says, I don't understand what they're talking about - we're running that product, we've been using it for five years, what are they talking about?
No consumer product improves more drastically, year after year, than the computer.
We provide many options in many product areas that they seem to want to adopt, and that's working well for us.
I love the way in which I make up dances. It's a complicated way and the product is usually clear. Clear and simple. I don't need everybody to know that there are all of these fabulous things going on. If you CAN see it, that's wonderful.
From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.
With all the care that women do and all the money we spend to maintain our hair, men can at least take the time to wash their face with a simple inexpensive product that will soften their facial hair so they're not hurting us when we go in for a kiss. Trust me, guys, women will want to kiss you more if you take care of your facial hair.
Martin Luther King, Jr.
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