Startup Professionals Musings

AUGUST 7, 2020

Connect operations today with long-term goals. Overtly connect every operational problem to your strategy, rather than putting strategy on a different plane and making it only an annual event. You need to be constantly assessing mergers and acquisitions, as well as divestitures. Attract, train, and reward only the best leaders.

Technical Review 312

Technical Review Due Diligence Merger Social Media 312

Steve Blank

OCTOBER 15, 2020

Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. control the timing and tempo of military competition and operations. Changing Acquisition.

Technical Review 361

Technical Review Artificial Inteligence Technology United States 361

ConversionXL

OCTOBER 7, 2022

Customer acquisition cost (CAC) is an important metric for any ecommerce business. Put simply, you need a healthy customer acquisition cost for your business to succeed. It’s up to every ecommerce business to find the middle ground between investing too little in customer acquisition and spending beyond your means.

Acquisition 22

Acquisition eCommerce Cost Customer 22

Steve Blank

DECEMBER 11, 2020

Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. We need a separate command for the same reason that we need cyber or special operations as a separate command.

Technical Review 322

Technical Review Taiwan Technology Design 322

Startup Professionals Musings

OCTOBER 18, 2023

New startup founders keep all the operating metrics they need in their head. The best sale or acquisition is a gradual one, where the acquirer gets to know you through formal and informal relationships. At minimum, you need to get an exit advisor to keep you on course. Set your startup health gauges and use them.

Exit Strategy 248

Exit Strategy Valuation Acquisition Metrics 248

David Teten

DECEMBER 16, 2015

I review a lot of board decks with a beautifully hand-crafted page with metrics for the company. Good metrics are comparable across industries; comparative ; readily understandable; and help drive decisions. Comparative means that you can compare a metric across time periods, groups of users, or competitors. So how do you do it?

Metrics 60

Metrics Analytics Balance Sheet .Net 60

YoungUpstarts

JANUARY 7, 2018

The problem, is historically, the investment in time and resources required for traditional digital solutions can feel out of reach, and the type of programs used by corporations aren’t practical for SMBs for daily operations like reporting, inventory, or accounting. apps to manage their operations, up from 3.8 Automation.

Artificial Inteligence 143

Artificial Inteligence Analytics SCRUM Cofounder 143

Startup Professionals Musings

AUGUST 1, 2021

In his classic book on building a business, “ Traction: Get a Grip on Your Business ,” Gino Wickman, a similar experienced business consultant and developer of the Entrepreneurial Operating System (EOS), outlines five common frustrations that we both hear from entrepreneurs, as follows: You are the boss, but you don’t have control.

Entrepreneur 436

Entrepreneur Venture Capital Operations Social Media 436

Startup Professionals Musings

NOVEMBER 14, 2012

What I’m talking about here is a level of discipline and skill necessary to collect and analyze the relevant business data, known as metrics. Here is my selection of ten key metrics that every six-sigma joint like GE tracks without thinking, but too many small businesses only monitor haphazardly, if at all: Sales revenue.

Metrics 266

Metrics Retention Acquisition Salary 266

YoungUpstarts

AUGUST 2, 2016

Product Management Metrics. Despite huge efforts and seemingly good results, it’s important to use real metrics to arrive at a final verdict. Some of the most important are described below: Marketing metrics. This group of metrics covers numbers such as monthly unique visitors to the website and customer acquisition cost.

Management 100

Management Product Churn Rate Green 100

Startup Professionals Musings

JANUARY 9, 2021

New startup founders keep all the operating metrics they need in their head. The best sale or acquisition is a gradual one, where the acquirer gets to know you through formal and informal relationships. At minimum, you need to get an exit advisor to keep you on course. Set your startup health gauges and use them.

Exit Strategy 434

Exit Strategy Valuation Acquisition Metrics 434

Startup Professionals Musings

JANUARY 9, 2022

They randomly churn for hours a day on a couple of their favorite social media platforms, with little thought given to goals, objectives, or metrics; and ultimately give up and fall back to traditional marketing approaches. Because feedback from social media operates in real time, you don’t have to wait months for results.

Social Media 338

Social Media Framework Media Conversion Ratio 338

ConversionXL

NOVEMBER 22, 2022

Marketing metrics are a competitive advantage. You have to track metrics you can act on. In this article, you’ll learn which metrics to measure to understand and improve marketing performance. Table of contents What are digital marketing metrics? KPIs vs. digital marketing metrics 1. – Seth Godin.

Metrics 105

Metrics Analytics Marketing Acquisition 105

SoCal CTO

MARCH 11, 2013

If you do build the MVP and show it to them, they will ask you about your metrics. They really want metrics, not a product. The real question you should be asking is "When I've built this product and show you the following metrics, would you invest?" What The Heck Does “Traction” Really Mean To A VC?

Algorithm 264

Algorithm Metrics Viral Venture Capital 264

Up and Running

MAY 10, 2021

One last thing to consider is the operating system. What is your customer acquisition cost? What metrics are you tracking? Operations. You can talk to those who already have an understanding of the field. Do not overlook this. Your app totally depends on this stage. OS for a mobile application. 1-2 months?

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

YoungUpstarts

OCTOBER 25, 2018

Toronto’s Mark Attanasio has spent some 20 years advising businesses at various stages in their development on what it takes to position themselves for growth – whether it’s through traditional transactional activities like management buyouts and mergers and acquisitions or via a public listing on a Canadian stock exchange.

Partner 104

Partner Technical Review Management Due Diligence 104

YoungUpstarts

JULY 31, 2019

Founders need seed capital to get their operations up and running, and to begin generating revenue. This also applies in acquisition conversations. Of course, a certain amount of initial capital without financial performance is absolutely necessary to get a business off the ground, especially in regulated industries.

Cofounder 118

Cofounder Burn Rate Technical Cofounder Seed Capital 118

Hearpreneur

JANUARY 19, 2022

Some businesses have had to change structures and make operational changes to thrive and survive. Especially during challenging times, retention is significantly more crucial than acquisition. 11- Paying attention to metrics. Metrics do not lie, and metrics over a longer time period are much more useful to study.

Entrepreneur 114

Entrepreneur Metrics Technical Review North America 114

YoungUpstarts

SEPTEMBER 11, 2016

Your success or failure will not rely upon the historical data and industry statistics, but from how well you manage daily operations. Here are five tips for assuming better command over your startup operations: Consolidate and Negotiate. Knowing precise metrics about your business is prudent business management.

Operations 100

Operations Management Churn Rate Startup 100

Board Effect

DECEMBER 19, 2019

Another vein of thought is that boards should primarily be involved in strategic planning when there is a major event such as a change in the CEO, a major investment opportunity, a looming acquisition, a decline in sales, or an unsolicited takeover bid. Takeovers, mergers, and acquisitions are sometimes an integral part of corporate strategy.

Management 64

Management Software Review Acquisition Merger 64

Up and Running

OCTOBER 7, 2019

You need to use your time and resources productively by focusing on the right metrics so you can use data to help you implement improvements that matter. The first step is to formulate a KPI strategy by selecting the right metrics to track. The metrics should help you identify areas for improvement.

Founder 71

Founder Retention Metrics Technical Review 71

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 26, 2019

Instead, watch payback period for acquisition efficiency, watch retention for product/market fit, watch expansion revenue for long-term growth, and watch gross margin for long-term profitability. There isn’t one most important SaaS metric. A reliable paid acquisition channel results in a somewhat stable business.

Restful 202

Restful Founder Revenue Acquisition 202

Duct Tape Marketing

NOVEMBER 15, 2023

With over a decade of experience in his toolkit, he specializes in helping clients build out cross-channel acquisition systems using a mix of owned, earned and paid tactics. 07:17] What is you cross-channel acquisition strategy? [11:13] 17:30] How deep into financials and metrics do you get before taking a client on? [19:01]

Channel 66

Channel Acquisition Framework B2B 66

YoungUpstarts

MAY 29, 2011

Startups that have helpful mentors, track metrics effectively, and learn from startup thought leaders raise 7x more money and have 3.5x Investors who provide hands-on help have little or no effect on the company’s operational performance. Here are 14 of the report’s key findings: 1. Founders that learn are more successful.

Silicon Valley 207

Silicon Valley Cofounder Technical Cofounder Startup 207

Occam's Razor

MAY 2, 2017

The very best analysts are comfortable operating with ambiguity and incompleteness, while all others chase perfection in implementation / processing / reports. There is no golden metric for everyone, we are all unique snowflakes! :). and tell you what are the best key performance indicators (metrics) for them.

Metrics 141

Metrics Acquisition eCommerce Analytics 141

Duct Tape Marketing

FEBRUARY 10, 2022

17:07] I’m seeing more and more agencies talk about growth through acquisition – is that a good way to grow? You can spend on as a risk without putting you outside of the metric. It actually is a part of their P and L it's part of the metrics. That's what I, that's what I thought you were gonna say first was the operation.

CPA 73

CPA Technical Review Revenue Forecast 73

Both Sides of the Table

DECEMBER 27, 2011

When they look at buying your company they often think in terms of “how long will it take until I earn back the profits to pay for my acquisition price?” Operating Costs. million to fund operations in their first year of operations. In many Internet startups 80% of the operating costs will be people.

Startup 418

Startup Revenue Technical Review Flash 418

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Designing startup metrics to drive successful behavior Great companies are almost always run by great management teams. Good metrics should also be actionable, and drive successful behavior. In a follow up post, I will use this technique to walk through the design of a set of metrics for a SaaS company.

Metrics 55

Metrics Design Entrepreneur Startup 55

Steve Blank

APRIL 25, 2016

As they proceeded with customer discovery, the team found that the majority of the operators who would wear these sensors were ambivalent about the introduction of a vitals monitoring platform, but were much more excited about solving geolocation problems. Their key take-away was that they would have to decide which beneficiary to focus on.

Afghanistan 120

Afghanistan Iraq Technical Review Social Media 120

Steve Blank

APRIL 25, 2016

As they proceeded with customer discovery, the team found that the majority of the operators who would wear these sensors were ambivalent about the introduction of a vitals monitoring platform, but were much more excited about solving geolocation problems. Their key take-away was that they would have to decide which beneficiary to focus on.

Afghanistan 120

Afghanistan Iraq Technical Review Social Media 120

Startup Professionals Musings

APRIL 3, 2019

They randomly churn for hours a day on a couple of their favorite social media platforms, with little thought given to goals, objectives, or metrics; and ultimately give up and fall back to traditional marketing approaches. Because feedback from social media operates in real time, you don’t have to wait months for results.

Social Media 240

Social Media Campaign Media Conversion Ratio 240

Steve Blank

MAY 29, 2011

Founders that learn are more successful : Startups that have helpful mentors, track metrics effectively, and learn from startup thought leaders raise 7x more money and have 3.5x Investors who provide hands-on help have little or no effect on the company’s operational performance. Startup Genome Report. better user growth.

Technical Cofounder 333

Technical Cofounder Early Stage Startup Silicon Valley 333

Steve Blank

NOVEMBER 16, 2009

What metrics do we use to see if we learned enough in Customer Discovery ? I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. Dave McClure has some great metrics…” It was an honest but vaguely unsatisfying answer.

Customer Development 219

Customer Development Web Developer Customer 219

Haystack

DECEMBER 29, 2018

Also during this time, the underlying metrics in that business can change positively, potentially trapping companies to accept the initially-agreed upon valuation. Governments blocking acquisitions, the curtailment of company expansion, more scrutiny on overseas operations of U.S. That will take a long time to settle.

Technical Review 165

Technical Review Venture Capital Russia China 165

NZ Entrepreneur

SEPTEMBER 29, 2021

It is not uncommon for startup directors to be more deeply involved in the operations of the business when the company is entering a new market, hiring critical team members or raising capital. Agenda items will focus on key metrics illustrating value creation, particularly in software as a service companies.

Technical Review 88

Technical Review Software Review New Zealand Due Diligence 88

YoungUpstarts

DECEMBER 22, 2020

So, if you’re a non-profit organization with little operating budget, this type of fundraising event can be an excellent choice. . Formalize And Strengthen Your Internal Operations. Typically, the effectivity and success of your fundraising strategy may depend on how you handle your internal operations. Donor acquisition rates.

Developer 168

Developer Metrics Operations Retention 168

ConversionXL

JULY 21, 2022

Finally, pay attention to the KPIs and metrics that matter: Overall revenue; Revenue per visitor; Conversion rate; Customer Acquisition Cost; Customer Lifetime Value; Average order value; Active customers; Customer churn; Repeat customers. 7 omnichannel marketing examples you can learn from.

Customer 118

Customer Marketing Channel Audience 118