Remove Agile Remove Burn Rate Remove Design Remove Hiring
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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. Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money. the ex-CEO of HP and eBay, as CEO of NewTV. Then one day it was over.

Lean 335
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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. Series B: Hiring and Developing Managers. All startups find themselves struggle with hiring to meet growing demand, leaving most startups scrambling to onboard hires.

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Crisis Management by Firing Executives – There’s A Better Way

Steve Blank

Surprisingly we have never explicitly articulated or understood that what’s really happening when we hire a new VP or CEO in a startup is that the newly hired executive is implicitly pivoting (radically changing) some portion of the business model. Business Model Design and Customer Development Stack. No one gets fired.

Burn Rate 248
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The Customer Development Manifesto: The Startup Death Spiral (part.

Steve Blank

Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. Blame it On Marketing In the next 3-6 months, a new VP of Sales is hired. Theme: Digg 3 Column by WP Designer.

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Is the Lean Startup concept of MVP dead?

VC Cafe

In fact, they were screaming at them to dramatically reduce their burn rates. Agile Development: launch an MVP early and iterate quickly. Angel investment, which was small to start with, disappeared, and most corporate VCs shut down. VC’s were no longer insisting that startups spend faster, and “swing for the fences”.

Lean 214
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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. 2 designers. Hiring Option. Hire 2 people per month ~ $100K/month/per person across 12 months is 24 people at a $2.4MM burn rate. lets call it $10MM.

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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. The Customer Development Model is designed to minimize the risk of launching a product for a market that does not exist.

Lean 250