Balance Sheet Burn Rate Customer Development Management 
Steve Blank
FEBRUARY 22, 2010
Managing the Business. One of the ways our VC’s kept track of our progress was by taking a monthly look at three financial documents: Income Statement, Balance Sheet and Cash Flow Statement. To be clear – Income Statements, Balance Sheets and Cash Flow Statements are really important at two points in your startup.
Steve Blank
FEBRUARY 16, 2010
The Appendix of your business plan has one of the leading cause of death of startups: the financial spreadsheets you attached as your Income Statement, Balance Sheets and Cash Flow Statements. Spread out in front of everyone around the conference table were the latest Income Statement, Balance Sheets and Cash Flow Statements.
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Steve Blank
JUNE 1, 2011
Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance.
Steve Blank
JUNE 1, 2011
Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance.
ReadWriteStart
JUNE 13, 2011
Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "Customer Development" methodology that helps startups optimize their chances for success while reducing risk. The only numbers in those documents that are important in the first year of a startup's life are burn rate and cash balance.
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