April 2008 Webinar
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The document discusses challenges startups face in reaching version 1.0 of their product and achieving success. It notes that only 2 out of 10 small businesses will remain after 5 years according to the U.S. Commerce Department. For VC funded startups, 1/3 will meet expectations, 1/3 will underperform, and 1/3 will fail. It then provides advice and perspectives on having a clear plan and strategy, understanding your customers, having the right team, developing the right product features, and getting user feedback.
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![April 2008 Webinar Getting to Version 1.0: The Barriers To Success Sachin Saxena, VP New Venture Services, GlobalLogic http://blogs.globallogic.com/ [email_address]](https://image.slidesharecdn.com/april-2008-webinar-1211283533298760-9/85/April-2008-Webinar-1-320.jpg)
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The purpose of this session was to demonstrate best in class practices for IT product and service development. It showed tools and techniques that allow project and product managers to select most promising idea, develop, and successfully launch it in the market
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