Today's Entrepreneur

Today's entrepreneur: Matt Malden

No.1 mistake: Not validating a business model by getting customers to pay before a product is built

Innovation series by Meliza Solan Surdi
January 19, 2011 | Comments
Short URL: http://vator.tv/n/1609

Vator's community is the home of entrepreneurs who embrace their passion and follow their dreams.

Our newly-designed profiles allow members to express themselves by sharing their interests, lessons learned, as well as bits and pieces of their roller-coaster journey.

These profiles give entrepreneurs an opportunity to showcase themselves and tell their story.

So if you are an entrepreneur, a serial entrepreneur, or even an aspiring entreprenener, we'd like to hear from you.

Today's entrepreneur is Matt Malden, founder and CEO of Yield Software.

I Am: A first-time entrepreneur

Name companies you've founded or co-founded:

Yield Software

Name startups you worked for:

Yield Software

If you are an entrepreneur, why?

I want to invent something cool.

List your favorite startups:

Google (back in the day), Facebook, Zuora

What's most frustrating and rewarding about entrepreneurship/innovation?

Testing business models and product functionality is a continuous game of trial and error. Be ready for lots of bumps along the road to finding the right ingredients for success.

What's the No. 1 mistake entrepreneurs make?

Validating an idea and business model by getting charter customers to pay for the product before it is even built.

What are the top three lessons you've learned as an entrepreneur?

1. Its all about the minimum viable product
2. Hire the best people you can find and they almost always come through your network
3. The best product doesn't always win, but it sure helps

Related companies, investors and entrepreneurs

Yield Software, Inc.
Startup/Business

Description: Yield Software's complete Yield Web Marketing Suite for Business and for Agencies includes a Paid Search Optimizer for management of PPC ...