Remove Burn Rate Remove Business Model Remove Developer Remove Partner
article thumbnail

Is the Lean Startup Dead?

Steve Blank

Since NewTV won’t be making the content, they will be licensing from and partnering with traditional entertainment producers. NewTV will depend on partners like telcos to distribute the content. Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money. Then one day it was over.

Lean 335
article thumbnail

Why Founders Should Know How to Code

Steve Blank

As the farm fields flew by on the interstate I listened as Dave described how he translated his vision into a series of hypotheses and mapped them onto a business model canvas. My contract developers building the app aren’t very responsive. Customer Discovery. And I even helped on some of the moves myself.

Cofounder 336
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Things You Need To Start a Business During a Recession

Up and Running

There’s a great amount of uncertainty, people losing their jobs, and a direct hit on cash flows that can place businesses in dire straights. Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway.

article thumbnail

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

Steve Blank

A business plan has a set of assumptions (who’s the customer, what’s the price, what’s the channel, what are the product features that matter, etc.) that make up a business model. Yet by first customer ship most of the business model hasn’t been validated or tested. Pivots Versus Crises.

Burn Rate 248
article thumbnail

Starting Startups - Startups and angels: Along the way to success

Tim Keane

  He is a partner in a pretty much exclusively software seed stage fund, Y Combinator that you can read more about.    Paul goes on to develop the story of "vanilla" documents prepared by the angel's attorney.    A low burn rate is a pearl of great price.    Yup. 

article thumbnail

Vision versus Hallucination – Founders and Pivots

Steve Blank

It was great to watch him embrace the spirit and practice of customer development. Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. he’d declare. “We

Founder 317
article thumbnail

No Accounting For Startups

Steve Blank

Startups that are searching for a business model need to keep score differently than large companies that are executing a known business model. Yet most entrepreneurs and their VC’s make startups use financial models and spreadsheets that actually hinder their success. Managing the Business. Here’s why.