Steve Blank

FEBRUARY 22, 2010

An early indication that you’ve found the right business model is when you believe the cost of getting customers will be less than the revenues the customers will generate. For web startups, this is when the cost of customer acquisition is less than the lifetime value of that customer. Cost Per Acquisition Paid. Financials.

Balance Sheet 298

Balance Sheet Startup Burn Rate Metrics 298

Startup Professionals Musings

FEBRUARY 13, 2010

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Burn Rate 125

Burn Rate SEM Social Network Angel Investor 125

Startup Lessons Learned

MAY 15, 2020

Shall we amp up advertising?" I mean people out there don't realize the cost per click for advertising is going down. The customer acquisition costs are going down. The big advertisers are pulling way back. They have the moral dilemma of, "Okay, I feel bad about this." I said, "Don't feel bad. I'm like, "Yes."

Dallas 68

Dallas Employee Government Social Media 68

Hearpreneur

JULY 7, 2019

By outsourcing, entrepreneurs are adding professionals to their team, virtually, for a fraction of the costs. 5- Decline in cost of starting a business. One of the most fascinating aspects of entrepreneurship is that the cost over time has dramatically declined. Thanks to Tracy Call, Media Bridge Advertising ! #14-

Entrepreneur 93

Entrepreneur Distribution Employee Arizona 93

Steve Blank

NOVEMBER 2, 2009

In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) Sales people cost money, and when they’re not bringing in revenue, their wandering in the woods is time consuming, cash-draining and demoralizing. Who recommends a sale?

Lean 244

Lean Silicon Valley Startup RSS 244

Up and Running

AUGUST 21, 2014

It’s hard to understand how many people will you actually attract, what is it going to cost, what’s your conversion rate, how long will people stay. You should never have a landing page from any sort of paid advertising that doesn’t have great calls-to-action. Those things are all really hard to just get.

Metrics 84

Metrics Startup Churn Rate Forecast 84

crowdSPRING Blog

DECEMBER 12, 2014

It’s Absurd That Health Care Costs Are So Confusing – crowdspring.co/1yDomRJ. Don’t Get Burned by Your Burn Rate – crowdspring.co/159KKrk. How to Motivate Employees in Less Than 5 Minutes – crowdspring.co/1CzhuZY. Setting up shop: 5 steps to opening a store | Money – crowdspring.co/1yDojFH.

Social Media 100

Social Media Small Business Design Media 100

Up and Running

MAY 22, 2018

An MVP or a minimum viable product is a scaled-down, cheaper (cost-wise) version of your full product. Total cost that is involved in gaining a paying customer. This means before they bought your product, how much direct or indirect cost did you incur? This includes the commissions, advertising costs, trial periods, and so on.

Exit Strategy 90

Exit Strategy Angel Investor Search Elevator Pitch 90

Startup Lessons Learned

MARCH 13, 2009

And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated. Slow progress, but has cost less than 150k aud so far. Build a gigantic river of momentum with minimal effort so you dont get burned out. so no big loss either Good article, thanks.

San Francisco 168

San Francisco PR Lean Early Stage 168

Reid Hoffman

NOVEMBER 14, 2018

The objective of Blitzscaling is to achieve “lightning” growth despite the increased risks and costs. One approach, which quite a number of people recommended we follow, was to raise a large amount of venture capital and embark on an aggressive advertising campaign to accelerate user growth. In a word, speed.

Engineer 28

Engineer Burn Rate Hiring Dilution 28

Both Sides of the Table

AUGUST 9, 2011

The parallels to the music industry are too obvious even though the industry players, the medium and the cost structures are different. US TV advertising is $60 billion in its own right. Companies raised too much money in 2005-08 and had high burn rates. These companies advertise. tl;dr summary.

Stock 305

Stock Technical Review Marketing Greece 305