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Technology Revolution: The Future of Now

The Future of Tech Startups: When Is THE Right Time?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9112 Ratings

🗓️ 25 August 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

The Buzz 1: “We can fly! we can fly! we can fly!…All it takes is faith and trust. Oh, and something I forgot. Dust! Dust? Yep. Just a little bit of pixie dust.” (“You can fly” song, Peter Pan, 1953 American animated adventure fantasy film) The Buzz 2: “What do you need to start a business? Three simple things: know your product better than anyone, know your customer, and have a burning desire to succeed.” (Dave Thomas, Wendy’s founder) The Buzz 3: “Don't worry about failure; you only have to be right once.” (Drew Houston, Dropbox co-founder and CEO) The Buzz 4: “he best startups generally come from somebody needing to scratch an itch.” (Michael Arrington, TechCrunch founder and co-editor) The Buzz 5: “I knew that if I failed I wouldn't regret that, but I knew the one thing I might regret is not trying.” (Jeff Bezos, Amazon founder and CEO) We’ll ask startup gurus Don DeLoach at Rocket Wagon Venture Studios, Chris A. Morgan at Lantern Partners, Jim Gagnard at Industrial IoT Studio, and Eric Simone at ClearBlade Inc. for their insights on The Future of Tech Startups: When Is THE Right Time?

Transcript

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0:00.0

Where does yesterday's future, which is already here, really here, really here, meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?

0:16.5

Welcome to Technology Revolution, the future of now.

0:30.5

Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven trends that are shaping our future right now.

0:34.5

Here's your host who will take us into the future of now.

0:35.8

Bonnie D. Graham.

0:36.9

Yes, indeed.

0:40.0

Thank you to Ryan Treasurer, the voice of our intro, VP of Operations and Voice America Radio. I'm Bonnie D. in the house and we've got an exciting show for you.

0:45.2

Anybody who's ever had an idea about a new widget, that's what we used to call it back in the day.

0:49.6

A new service, a new product is when should I start a business? Do I go to my family, my friends,

0:54.8

my fools and ask them for money to start a startup? Will the world love it? Will I be a success?

1:00.0

Will I make money? Will I pay off my shareholders? Oh my goodness or will I have to close in six

1:04.6

to 12 months and be terribly embarrassed and very broke? Well, we're going to talk about the future

1:09.3

of startups today. I have four

1:11.1

experts. I'm calling them my startup gurus on the show with me. Let me give you a couple of buzz

1:16.5

quotes to open and then I will introduce my panel. So I have a quote from the song, You Can Fly,

1:22.2

from Peter Pan, the 1953 animated adventure fantasy film produced by Walt Disney Productions and here's the quote from

1:29.8

the song we can fly we can fly we can fly all it takes is faith and trust oh and something i forgot

1:36.0

dust dust yes a little bit of pixie dust oh my just let that sink in is that what it takes to be a

1:41.8

successful startup then have a quote from Dave

1:44.2

Thomas. You may remember Wendy's. He's the founder. You may still be eating Wendy's. Here we go.

1:50.0

What do you need to start a business? Three simple things. Know your product better than anyone.

1:55.8

Know your customer and have a burning desire to succeed. And I should say, Dave, just don't burn the burgers.

...

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