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The Virus Survival Strategy For Your Startup

Steve Blank

The questions every startup or small business CEO needs to ask now are: What’s my Burn Rate and Runway? What does your new business model look like? Burn Rate and Runway. To answer the first question, take stock of your current gross burn rate i.e. how much cash are you spending each month.

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Reinventing the Board Meeting – Part 1 of 2

Steve Blank

Board meetings that guide startups haven’t changed since the early 1900’s. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. That’s simply a failure of a startup board’s fiduciary responsibility.

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Why Board Meetings Suck – Part 1 of 2

Steve Blank

Board meetings that guide startups haven’t changed since the early 1900’s. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. That’s simply a failure of a startup board’s fiduciary responsibility.

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Vision versus Hallucination – Founders and Pivots

Steve Blank

I got to spend time inside his company while I was using their software to analyze early-stage ventures. 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.

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ProfessorVC: Burn Rate

Professor VC

The burn rates of my portfolio companies is certainly top of mind right now, but thats not what this post is about. Since Im not a fan of any of those genres, I have been looking forward to the release of his latest work, Burn Rate. ProfessorVC. The last blogger in Silicon Valley. Wednesday, July 22, 2009. Steve Bennet.

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ProfessorVC: Card Counting for Investors

Professor VC

How would Billy Beane have done as an early stage investor? Im still not convinced that "gut feel" isnt a good way to invest at the early stage, but this can certainly get rid of over-thinking and provides diversification and investments in entrepreneurial teams that would be otherwise overlooked. ProfessorVC. at 2:32 PM.

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ProfessorVC: How Much Diligence is Due.

Professor VC

I strongly believe (at least for very early stage technology ventures) that you will get diminishing returns and arguably negative returns once you get past an initial threshold of team, product, market and financial diligence. This could include 2 short meetings and a couple of phone calls. Not exactly extensive diligence.