Startup Lessons Learned

APRIL 29, 2013

Although every organization faces some uncertainty in developing new stuff, the conditions are not always extreme. For example, when your company adds ano ther blade to its disposal razors , the product’s technical development, marketing and sales will follow relatively predictable paths. Generously, it might cost you $20,000.

Lean 165

Lean Technical Review Startup Software Review 165

VC Cafe

APRIL 21, 2022

In this post I wanted to touch on the companies who are making the biggest impact in the AR space, both in terms of product development and the developer ecosystem tools they are releasing to power the next generation of AR experiences. In November 2021, Niantic announced Lightship , a free AR developer kit. absolutely.

Mobile 198

Mobile Global Aggregator Bootstrapping 198

David Teten

AUGUST 19, 2019

In addition, I’ve noted a few multi-product lending firms, e.g., Kapitus and United Capital Source , which provide RBI as one of many structural options to companies seeking capital. . We have a special program if you are pre-seed and need product development. Our wheelhouse is bootstrapped (or lightly capitalized) SMB SaaS.

Revenue 60

Revenue Technical Review Software Review Equity 60

Jeff Hilimire

OCTOBER 8, 2014

Our mission at TTS is to develop more tech talent in the South through beginner-focused programs teaching web development and computer programming. We actually met taking some web development classes in Chicago. And here’s my Google Docs chat with him: Richard (at the bottom) and some of his students at Tech Talent South.

Cofounder 68

Cofounder Charlotte Raleigh Atlanta 68

Startup Professionals Musings

MAY 4, 2014

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Customer service and support.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

Startup Lessons Learned

APRIL 14, 2009

Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. Their product development team is hard at work on a next-generation product platform, which is designed to offer a new suite of products – but this effort is months behind schedule.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Professionals Musings

JANUARY 31, 2013

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Customer service and support.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230

Startup Professionals Musings

SEPTEMBER 7, 2011

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Customer service and support.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

The Startup Toolkit

NOVEMBER 17, 2011

You have a profitable bootstrapped business with good, linear growth. The deal they’re talking about signing will add 50% to your yearly revenue just on its own, but all of that revenue (and more) will be eaten by additional support costs you don’t currently have. They’re also demanding exclusivity for a year.

Bootstrapping 32

Bootstrapping Revenue Cost Sales 32

Startup Professionals Musings

AUGUST 1, 2010

Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Funding process. Customer service and support.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

The Startup Toolkit

NOVEMBER 17, 2011

You have a profitable bootstrapped business with good, linear growth. The deal they’re talking about signing will add 50% to your yearly revenue just on its own, but all of that revenue (and more) will be eaten by additional support costs you don’t currently have. They’re also demanding exclusivity for a year.

Bootstrapping 26

Bootstrapping Revenue Cost Sales 26

A Smart Bear: Startups and Marketing for Geeks

MAY 1, 2012

Why the obsession with raising money, what if you don’t want a huge company, what if you want to bootstrap, don’t you know raising money isn’t a measure of correctness or success, … I agree! For example, the average cost of customer acquisition diminishes. That’s shitty!

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Customer Revenue Acquisition Cofounder 320

Startup Lessons Learned

FEBRUARY 9, 2009

The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. It uses principles of agile software development, open source and web 2.0, Labels: events 2comments: Andrew Meyer said. I am extending it to all start-ups.

Lean 68

Lean San Francisco Web Advisory Board 68

Startup Lessons Learned

APRIL 18, 2010

Truth: The Lean Startup method is not about cost, it is about speed. Lean Startups waste less money, because they use a disciplined approach to testing new products and ideas. Lean, when used in the context of lean startup, refers to a process of building companies and products using lean manufacturing principles applied to innovation.

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Startup Lessons Learned

MARCH 29, 2010

Each part of the program is organized around one phase of the Build-Measure-Learn feedback loop and begins with a keynote address from a heavy hitter: Steve Blank on Customer Development, Randy Komisar on "Getting to Plan B" and - a third person, not-yet-announced-but-extremely-cool-trust-me. 699 buys you months of server infrastructure."

San Francisco 120

San Francisco Lean Continuous Deployment DC 120

Hippoland

AUGUST 1, 2012

These days, our advertisers run the gamut — some of our advertisers make billions each year while others are bootstrapped individuals who don’t earn anything right now. 1% of the time (depending on the cost of your product/service), in contrast, landing pages with a simple signup will do 10-25% conversions.

Marketing 117

Marketing Startup Bootstrapping Advertising 117

Hearpreneur

SEPTEMBER 5, 2021

The way we wear and engage with technology is going to evolve, whether it's through smartwatches, smart glasses, or even smart clothes, as new technologies are being developed. Entrepreneurs are often wearing ALL the hats in the business while they're bootstrapping through growth. 11- AI-led Video Content Development.

Artificial Inteligence 103

Artificial Inteligence Technology Entrepreneur Cloud 103

Startup Lessons Learned

JUNE 5, 2009

If it costs $0.10 to acquire an early adopter, how much should it cost to acquire a mainstream customer? This model of joint accountability is at the heart of the lean startup, and is just as applicable to venture-backed, bootstrapped, and enterprise startups. But $10.00?

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

ReadWriteStart

OCTOBER 14, 2010

He is also struggling with the pricing structure, because until he can get to volume printing, the cost per unit is way too high. He should then bootstrap his product development by using the consulting fees. Yes, I am sure David's venture is eminently fundable within a few months.

Bootstrapping 114

Bootstrapping Marketing Angel Investor Silicon Valley 114

Hunter Walker

JANUARY 15, 2017

Practically speaking, the burning need was to begin hiring employees so that I could spend more of my day on product development, partnerships and driving sales. Why take on the costs of space, salespeople, etc? HW: So far you’ve bootstrapped DSPTCH but we discussed how you periodically get approached by investors.

Marketing 48

Marketing Design Acquisition Bootstrapping 48

Hippoland

AUGUST 8, 2018

Very simply, your cost to acquire a customer needs to be lower than the value of that customer (lifetime value). As always, there are exceptions: if you build a viral consumer product (such as an Instagram) where people are just coming to your site / app in droves at no cost to you, then you’ve got a great business.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Hippoland

AUGUST 8, 2018

Very simply, your cost to acquire a customer needs to be lower than the value of that customer (lifetime value). As always, there are exceptions: if you build a viral consumer product (such as an Instagram) where people are just coming to your site / app in droves at no cost to you, then you’ve got a great business.

Founder 48

Founder Sales Cycle Affiliate Retention 48

viniciusvacanti.com

SEPTEMBER 7, 2010

This will cost you some real cash- at least $5K for your first version. It won’t cost you real money other than your living expenses. I currently just started a tech blog to cover under the radar, bootstrapped startups and this is great advice for the startups I cover and my readers. We tried this at Yipit and failed.

Cofounder 43

Cofounder Technical Cofounder Founder Ruby 43

The Next Web

OCTOBER 3, 2012

In early 2011, I wrote a post, Startups: Not for the faint of heart , that discussed Parse.ly’s survival through a one-year bootstrapping period after Dreamit Ventures Philly ’09. No Bootstrapping Plan : Many startups that come out of an accelerator program (such as YCombinator, Dreamit, or TechStars) simply do not get funding.

Cofounder 155

Cofounder Technical Cofounder Technical Review Software Review 155

Up and Running

MAY 23, 2016

The software was sold based on installation cost running on local servers for enterprises—which was very, very expensive. Another great way to test your idea is to create a minimum viable product, or MVP. This is the simplest version of your product minus the frills and frosting. Brand to clarify your vision.

Software Review 74

Software Review Software Delaware Forecast 74

www.readwriteweb.com

OCTOBER 18, 2010

He is also struggling with the pricing structure, because until he can get to volume printing, the cost per unit is way too high. He should then bootstrap his product development by using the consulting fees. Yes, I am sure Davids venture is eminently fundable within a few months.

Marketing 52

Marketing Bootstrapping Incubator Angel Investor 52

www.readwriteweb.com

OCTOBER 18, 2010

He is also struggling with the pricing structure, because until he can get to volume printing, the cost per unit is way too high. He should then bootstrap his product development by using the consulting fees. Yes, I am sure Davids venture is eminently fundable within a few months.

Marketing 52

Marketing Bootstrapping Incubator Angel Investor 52

ConversionXL

NOVEMBER 19, 2019

A couple of factors influenced our decision: We wanted to stay bootstrapped. We had that luxury—we had three other profitable companies (focused on web design and development) when we decided to launch Chanty. We wanted to spend money on product development, not market research. Creating and scaling a marketing plan.

Differentiation 108

Differentiation Non-Compete Audio Algorithm 108

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

We started with the product about three years ago, development, a year later we released it. So let’s say about a year and a half, the product has been out for real. They have many, many man-years of development and customer development in them. So that is a little bit of the philosophy behind MeetingKing.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Tim Keane

JUNE 13, 2006

What it costs if it does; 4. What it will cost? This cost and timing can easily be laid out in a matrix that may yield to testing easily. Timing relates to cost and I’d like a sense of the total cost of each of those 100 orders. This includes selling costs, marketing costs, and so forth.

Wisconsin 60

Wisconsin Entrepreneur Startup Angel Investor 60

Startup Lessons Learned

AUGUST 8, 2009

Heres the pitch: a group of 10 companies would meet once a month for six months to develop their capacity to run lean. In particular, we would cover customer development, continuous deployment, minimum viable product, and actionable metrics. The cost is equivalent to an entry-level FTE. Sounds like an amazing workshop.

Lean 102

Lean Programming San Francisco Continuous Deployment 102

ConversionXL

NOVEMBER 19, 2019

A couple of factors influenced our decision: We wanted to stay bootstrapped. We had that luxury—we had three other profitable companies (focused on web design and development) when we decided to launch Chanty. We wanted to spend money on product development, not market research. Creating and scaling a marketing plan.

Differentiation 48

Differentiation Non-Compete Audio Algorithm 48

Hippoland

FEBRUARY 12, 2018

At a high level, business is simple! :) You bring revenue in and your costs send money out the door. You want your revenue to be higher than your costs. So you might think about how to best poise yourself to bootstrap and get to profitability for the next couple of years. But the execution is hard.

Seed Stage 48

Seed Stage Business Model B2B Email 48

Hippoland

FEBRUARY 12, 2018

At a high level, business is simple! :) You bring revenue in and your costs send money out the door. You want your revenue to be higher than your costs. So you might think about how to best poise yourself to bootstrap and get to profitability for the next couple of years. But the execution is hard.

Seed Stage 48

Seed Stage Business Model B2B Email 48

techcrunch.com

OCTOBER 23, 2010

Like I said, forget everything else and just get your product out the door. Inevitably, the excuses begin: I need to hire people to build the product. I don’t know any developers. How do you know which designer/developer to choose? The project was so low cost they did not even want to bother with it.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

Software By Rob

NOVEMBER 16, 2009

That’s when you find one or more (future) customers that help fund your product development in exchange for input into the process and free or highly discounted use of the software. The Details It seems like it would be impossible to find someone to even partially fund development of an application.

Equity 42

Equity Software Review RSS Widget 42

Up and Running

MAY 13, 2015

We are bootstrapping. You bill something out for 20 hours of work that actually cost you 60 hours to deliver, thereby making your hourly rate something like 53 cents an hour. Workshop and curriculum development takes a good chunk of time, so she needs to estimate that. We are doing it all ourselves. What happens?

Management 60

Management Product Video Fractional CTO 60