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Startups: Avoid These Inner-Series Mistakes When Scaling Your Business

YoungUpstarts

Startups tend to put a premium on being “agile,” but that doesn’t always work – and certainly won’t replace the effective collaboration a business needs to grow. While additional personnel is crucial to scale the product, misaligned hires will increase burn rate without a concurrent jump in productivity and meaningful growth.

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Dragons, Bootstrapping and Women in Tech

Up and Running

Nelson has some tips: Know your burn rate. If not, be agile enough to change direction and re-focus,” Nelson advises. She notes that if you’re considering acquisition as an exit strategy, creating and maintaining relationships is going to be key. How do you balance it all? Partner well.

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Buy a machine or buy the parts (creating vs. acquiring)

Eric Friedman

In the world of web startups, you can hire individuals and try to make the team hum, or you can buy an agile group that you know can perform. Hire 2 people per month ~ $100K/month/per person across 12 months is 24 people at a $2.4MM burn rate. Hiring Option. You get a stellar group that takes approx. 2 months per person.

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Lean Startups aren't Cheap Startups

Steve Blank

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. What’s the customer acquisition cost? The Customer Development process (and the Lean Startup) is one way to do that.

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Lessons Learned: Achieving a failure

Startup Lessons Learned

This is why agility is such a prized quality in product development. The passionate early adopters who flocked to the product at its launch could not sustain this outsized burn rate. As with many Silicon Valley failures, a flawless PR launch turned into a flawed customer acquisition strategy. We can skip the chasm.