TEI 033: Fostering Innovation via a Startup-With Tim Bates

Global Product Management Talk is pleased to bring you episode
033 of... The Everyday Innovator with host Chad
McAllister, PhD. The podcast is all about helping people involved
in developing and managing products become more successful, grow
their careers, and STANDOUT from their peers. Our Guest: Tim
Bates is a product creator, founder, and CEO and more
recently, an interim executive for hire serving in innovation,
product and senior leadership roles. Another interesting thing
about Tim is that he lives in Boulder, Colorado, which is an
entrepreneur and startup utopia. It is frequently recognized as one
of the best places to found a startup, even rivaling San Francisco
with a higher per capita percentage of computer scientists and
PhDs. Highlights from the discussion include… One big difference
between a startup and an enterprise is in the production of a
product. Startups are more experimental while enterprises are more
finance focused. Enterprises are less likely to engage in Minimum
Viable Products (MVPs).The make-up of a product from a startup
versus a large company is very different because a startup might
design the product for a smaller consumer volume while larger
companies may be constrained by minimal revenue hurdles.When a
larger company is buying a startup, sometimes they may be buying it
for technology reasons that fit into their roadmap of products or
they might be viewing it as a disruptive product and they buy it in
order to decide what to do with that disruptive product.