Connecting the dots: Evaluating new business opportunities

By | August 14, 2011

I’m heavily back into the New York City startup scene and – phew, it’s a hopping one. Recession schmecession.

Had the pleasure of recently attended a party mixing VCs and startups (many already operating, some not) and I honestly have more fun listening to the startup’s business pitches and evaluating (sometimes in my head, sometimes freely giving my two cents’ worth!) the market potential than just about anything; the neurons start firing, the dots connecting (a la my previous post…..).

There’s a big party going on my head, just hearing all the ideas and “seeing” opportunities way beyond what they think their business is about.

The companies are all tech-based, and seem to pick one super small sliver of the tech universe and just madly scramble with 150% effort to get it running; I noticed this in Silicon Valley too, many startups just madly chase making the initial idea a reality…what they often miss, though, is the business savvy to see the larger strategic opportunities – which is a shame.

So many good ideas just don’t see market success because they are too focused on one idea without seeing the bigger picture – opportunities, partnerships, even threats; my head is all a-buzz.

It’s fun for me because I get to combine my love of tech and trend spotting with my MBA roots (which I get to use all too infrequently lately *sigh*). What I wouldn’t give to work with either a VC or consulting firm to help evaluate businesses – or help established companies develop plans to identify opportunities from emerging tech in our increasingly complex world! McKinsey, are you listening?!