Feld Thoughts
NOVEMBER 18, 2013
His most recent company, Filtrbox, participated in the inaugural Techstars class (Techstars Boulder 2007) and was a win for all parties involved; Filtrbox was acquired in 2010 by Jive Software (NASDAQ: JIVE). They close on the $750k, hire a buddy or two, buy some Macs, and get to work. There is $350k left in the bank.
Steve Blank
SEPTEMBER 7, 2009
The rest of the organization (product development, marketing, support) has been burning cash, all according to plan, expecting Sales to make its numbers. Blame it On Marketing In the next 3-6 months, a new VP of Sales is hired. Without the revenue to match its expenses, the company is in now danger of running out of money.
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The Next Web
DECEMBER 2, 2013
Therefore, if you want to bring an MVP ( Minimum Viable Product ) to market, Werdelin approximates that you’ll need $50,000 to $250,000 , depending on the skill sets of the developers and designers you hire. Of course, if you’re hiring an agency, you’re probably looking at 1.5 4) WhatsApp. million plus overhead. All the grains of salt.
Professor VC
JULY 22, 2009
The burn rates of my portfolio companies is certainly top of mind right now, but thats not what this post is about. Since Im not a fan of any of those genres, I have been looking forward to the release of his latest work, Burn Rate. ► 2010. (7). ProfessorVC. The last blogger in Silicon Valley. Steve Bennet.
Steve Blank
NOVEMBER 2, 2009
The key contributors to an out-of-control burn rate is 1) hiring a sales force too early, 2) turning on the demand creation activities too early, 3) developing something other than the minimum feature set for first customer ship. Reply Amit , on January 22, 2010 at 11:34 am Said: Great article!
Feld Thoughts
FEBRUARY 9, 2016
” Many companies have hired ahead of their growth rate because they had the cash to do so. In our portfolio, we generally don’t have this problem because we aren’t big fans of either (a) overfunding companies or (b) escalating burn rates based on headcount.
Steve Blank
MAY 15, 2009
We hired an interior designer and a great facilities person to manage the process. Reply Jerry Ji , on May 15, 2009 at 4:56 pm Said: When my startup starts hiring, I’ll make “The Four Steps to the Epiphany&# a prerequisite reading for every interviewer. A VERY nice office. Great stories about SuperMac.
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