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Use agile budgeting to manage your cash

David Teten

However, in a startup the most common scenario is that projections get missed. So here’s the solution I have recommended to some of my portfolio companies: “ agile budgeting ”, i.e., monitoring a few key variables while giving managers significant flexibility. Entrepreneur Jeff Magnusson provides a sample agile budgeting workbook.

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Is the Lean Startup Dead?

Steve Blank

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. It’s the antithesis of the Lean Startup.

Lean 335
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What’s Plan B? – The Small, the Agile, and the Many

Steve Blank

And they plan for a distributed fleet architecture, including 321 to 372 manned ships and 77 to 140 large, unmanned vehicles. The Hedge Strategy – Create “the small, the agile, and the many”. One that is no longer tied to large 20th-century industrial systems, but to a 21st-century software-centric agile world.

Agile 369
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How Today’s Startups Can Adapt to a Globally Distributed Model

ReadWriteStart

Among its many implications, the digital office means that jobs don’t necessarily need to be done in-person, and today’s startup leaders are realizing that many projects can be done at a lower cost remotely, without any drop in quality. Still, COVID-19 helped tip the balance towards a globally distributed model.

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A Startup CTO’s Take on Early Technology Choices & Tradeoffs

View from Seed

You always want to be careful with how tightly you schedule things to make sure you stay agile and responsive to evolving business needs, but you also need to make sure your overall journey makes sense and that you’re building things in the right order, as well as taking on risks in a measured way. You can reach Isaac on Twitter @icambron.

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The Difference Between Innovators and Entrepreneurs

Steve Blank

Others join startups to strike out on their own. Most great technology startups – Oracle, Microsoft, Apple, Amazon, Tesla – were built by a team led by an entrepreneur. Some of these world-class innovators get recruited by large companies like professional athletes, with paychecks to match. Lessons Learned.

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6 Reasons Startups Should Skip the Big-Bang Launch

Startup Professionals Musings

But for startups with limited resources and experience, I always recommend a soft launch or toe-in-the-water approach in a local market -- and scale up later. In fact, for startups, it usually makes sense to announce your solution on social media and blogs even before you have built the first one. Maximum agility for required pivots.