Remove Boston Remove Burn Rate Remove Customer Development Remove Lean
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Lessons Learned: Cash is not king

Startup Lessons Learned

In lean times, it’s most important to focus on cutting costs in ways that speed you up, not slow you down. To increase the number of iterations you have left, you can either increase cash on hand (by raising money or increasing revenues), reduce burn rate, or increase the speed of each iteration. Work in small batches.

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Lessons Learned: Don't launch

Startup Lessons Learned

Do some Customer Development instead. The product didnt convert well enough, the mainstream customers we were driving werent ready for the concept, and the event fed expectations about how successful the product was going to be that turned out to be hyper-inflated. The Lean Startup Intensive is tomorrow at Web 2.0.

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Lessons Learned: Achieving a failure

Startup Lessons Learned

Worse was the large staff in departments appropriate to a mainstream-scale product, especially in customer service and QA. The passionate early adopters who flocked to the product at its launch could not sustain this outsized burn rate. We can capitalize on new customers. The Lean Startup Intensive is tomorrow at Web 2.0.