The Secret Sauces shared between Entrepreneurs and Venture Capitalists on Twitter - The Gold Biscuits


The secret sauce is a term used widely in between the deep social media circuits, the same people that built myspace, hi5, bebo, facebook, twitter and a lot of newer social media platforms. Finding the secret sauce is an art, because you have to dig deep deep in the soul to find the answers. The shallow entrepreneurs copy ideas. The great entrepreneurs come up with ideas, but more importantly, the secret sauces. My startup, mytweetmark has lots of secrets sauces. However, I am bound to not explore them, because then they will be exploited. The cat teaches the lion everything, but climb the tree. This is a very old saying from perhaps India. Show them everything, but hold on to the secret sauces. Somebody can learn them one day, once they show their worth. The Gold Nuggets: The gold nuggets is another term, that is used widely, and correlates to the secret sauces. One gold nugget can open up the whole industry. For example, the gold nuggets for large social networks like tagged and hi5, later to be copied by bebo, facebook and twitter, were dealing with viral factors. We studied user data, their demographics, age, gender, country, email domains, to go big on viral. We did all kinds of testing on email generation, and conversion to signups, buying products, advertising, etc. Too many secrets sauces, each one became it's own business at a later time, for example whole bunch of analytics companies. Each gold nugget created many startups in that particular sector, soon to be turned into millions each. Startups: Being current in technology and social media evolution, also in knowledge of politics and recent events, there is huge amount of opportunity for entrepreneurs. The true entrepreneurs work for passion and opportunity, and not money. The fake entrepreneurs try to capitalize on the cash and die quickly with karma. With this, there are new gold nuggets that are formed, from initial ideas to pivoting for a giant treasure. However, in order to get there, three things are important, will, skill and motivation, like Kobe Bryant. The entrepreneurs are the future of America, and the gold nuggets are the keys, that open the secret doors of creation.