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Are Business Plans Still Necessary?

Both Sides of the Table

That died with waterfall software development. If you’re a consumer destination the revenue and COGS lines should tell me about how big your funnel is, how you fill the top end of the pipe and what your conversion rates will be. Ditto for enterprise software companies. Don’t know the running rate for engineers?

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How to Fund a Startup

www.paulgraham.com

I wassurprised recently when I realized that all the worst problems wefaced in our startup were due not to competitors, but investors.Dealing with competitors was easy by comparison. Your natural tendency when an investor says yes willbe to relax and go back to writing code. They were helpful in negotiating deals, for example.

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Twitter Link Roundup #247 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

Where are the Women Software Engineers? – crowdspring.co/12gwMCO. Don’t Get Burned by Your Burn Rate – crowdspring.co/159KKrk. A Refresher on Net Present Value – crowdspring.co/11LJvw6. Making Failure More Productive | Harvard Business Review – crowdspring.co/1vCXLVU.

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Lessons Learned: Cash is not king

Startup Lessons Learned

The full formula works like this: runway = cash on hand / burn rate # iterations = runway / speed of each iteration Very few successful companies ended up in the same exact business that the founders thought theyd be in (see Founders at Work for dozens of examples). What counts as an iteration? Were talking PayPal -sized variations.