Thursday, June 22, 2006

Kleiner Perkins investment criterias for software startups: Consumer ? Enterprise ? Both!

Jeff Clavier reported:

KP's Ajit Nazre mentioned (in a panel at TiECon East) the 7 rules that enterprise software startups must meet in order to be considered for an investment:
  • Instant Value to customers - solve a problem or create value with the first use
  • Viral adoption - Pull, not push. No direct sales force required
  • Minimum IT footprint, preferably none. Hosted SaaS is best.
  • Simple, intuitive user experience - no training required.
  • Personalized user experience - customizable
  • Easy configuration based on application or usage templates
  • Context aware - adjust to location, groups, preferences, devices, etc.
Read more here.

Tags: startup, funding, software, entrepreneur, venture, businessmodels


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