article thumbnail

Is the Lean Startup Dead?

Steve Blank

He just hired Meg Whitman. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. It helped that in the nuclear winter that followed the crash, 2001 – 2004, startups and VCs were extremely risk averse and amenable to new ideas that reduced risk. The result?

Lean 335
article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

Since then, more than $30 million in SBIR funds have enabled iRobot to conduct 33 research initiatives to develop new sensors and other robot capability enhancements. Securing two contracts with the Air Force allowed the company to keep 95 percent of its workforce and even hire 20 more employees and another dozen by 2010.

Columbus 134
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hazards of Hiring

www.ericsink.com

Software Development. 2004-07-08 15:59:32 Hazards of Hiring. Summary : Eric offers guidelines for handling tough hiring decisions in a small ISV. In the many e-mails I received about that column, one of the most common questions was why didnt I list any hiring mistakes. Hire After the Need, Not Before. About Eric.

Hiring 40
article thumbnail

The @TWTFelipe Story – A Tale of US Visa Policy Gone Awry (#startupvisa)

Both Sides of the Table

TWTFelipe is the founder of TWTApps , who had developed some really cool add-on applications for Twitter to extend its functionality. He came to the United States in 2001 to study Software Engineering at Auburn University. The world had just gone into crisis and I was in a period of reflection reminiscent of September 2001.

article thumbnail

The Changing Venture Landscape

Both Sides of the Table

In 2001 companies IPO’d very quickly if they were working, by 2011 IPOs had slowed down to the point that in 2013 Aileen Lee of Cowboy Ventures astutely called billion-dollar outcomes “unicorns.” In fact, we just announced that we hired a new head of our Growth Platform, (follow him on Twitter here ? Seksom Suriyapa ?—?he

article thumbnail

Do Your Employees Think Like Owners? 10 Tips For Building An Entrepreneurial Culture.

YoungUpstarts

Hire for hustle. A great way to separate the entrepreneurial thinkers from those who aren’t is to place a special emphasis on hiring people with a sense of urgency; people who can and will move quickly; people who don’t always have to be told what their next step should be.

Employee 208
article thumbnail

Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company. I learned everything I know about startups in these lean years: 2001-2004. Our company developed a cost-conscious mentality.

Warrant 333