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SecondMarket: Don’t build a Homer-mobile
Founder and CEO Barry Silbert’s lessons learned: Find the right partners; roll the dice If you've spoken to enough entrepreneurs, you'll begin to realize that a good number of them iterate drastically over their original product. In fact, it's often the case that the "right" product and "right" business model is vastly different from the original product or assumptions. For Barry Silbert, founder and CEO of SecondMarket, a leading trading platform for illiquid shares, his entrepreneurial journey was no different. "One of the biggest mistakes we made early on was the first platform we built," he said, in this segment of Lessons Learned. "What we built was a Homer-mobile." Barry was referring to Homer Simpson's dream car, outfitted with unnecessary bells and whistles. The lesson? "Build from a base, from a core user ...   [ Read more ]
Video Length: 0
Date Found: May 26, 2010
Date Produced: May 26, 2010
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