Steve Blank

NOVEMBER 18, 2010

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) Luckily most startups now realize there is a better way. Startups Are Not Small Versions of Large Companies. The revenue numbers and revenue model came from a startups original Business Plan.

Burn Rate 247

Burn Rate Management Business Model Customer Development 247

Gust

DECEMBER 7, 2014

In my experience, that’s actually the worst way to start, for reasons I will outline here, and also the least common way, according to an authoritative survey of new startups. At least wait until later, when you ready to scale, and have some “leverage” based on a proven business model, some real customers, and real revenue.

Bootstrapping 191

Bootstrapping Entrepreneur Startup Burn Rate 191

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven’t changed since the early 1900’s. The combination of Venture Capital and technology startups is only about 50 years old. Here’s how.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

Steve Blank

AUGUST 27, 2012

Knowing how to sort between vision and hallucination can avoid chaos inside your startup. 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. We got to pivot now.”

Founder 316

Founder Cofounder Advisory Board Burn Rate 316

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven’t changed since the early 1900’s. The combination of Venture Capital and technology startups is only about 50 years old. Here’s how.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

VC Cafe

NOVEMBER 2, 2019

Benchmarks are typically specific to stage/business model/geo. In Rob Go’s words: For seed and Series A deals, investors will also need to see a high-potential team with founder/market fit , a large and attractive market opportunity , and a business model with increasing returns to scale. Consumer apps and services.

B2C 141

B2C Technical Review Startup Retention 141

Startup Professionals Musings

AUGUST 27, 2012

As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Startup Professionals Musings

JUNE 10, 2011

As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors.

Elevator Pitch 234

Elevator Pitch Exit Strategy Burn Rate Merger 234

Startup Professionals Musings

MAY 19, 2010

As a member of the local angel group Selection Committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors.

Elevator Pitch 235

Elevator Pitch Exit Strategy Burn Rate Merger 235

Gust

AUGUST 19, 2012

As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short – maybe short on content, but not short on pages! Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors.

Elevator Pitch 146

Elevator Pitch Exit Strategy Burn Rate Merger 146

ReadWriteStart

JUNE 13, 2011

As customer and agile development reinvent the startup, it's time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven't changed since the early 1900's. The combination of Venture Capital and technology startups is only about 50 years old. Here's how.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Professor VC

JANUARY 27, 2011

There are so many unknowns at this stage and the only known is that the business model is going to change at least once, or in the current most overused term in the Silicon Valley, there will be a "pivot". Part of it was the out of the box thinking and turning the typical venture investment thesis upside down. work at home.

Technical Review 31

Technical Review Due Diligence Silicon Valley San Jose 31

YoungUpstarts

AUGUST 19, 2016

While you absolutely need to keep an eye on earnings and burn rate, human capital is ultimately the fuel that makes the machine run. The ability to attract, engage, and grow talented employees makes the difference between the startups that thrive and those that die. Your employees, after all, become part of what you sell.

Startup 100

Startup Burn Rate Cofounder Salary 100

ReadWriteStart

JANUARY 27, 2011

And, oh by the way, we also really like the idea of the 1M/1M entrepreneurs building valuation and negotiating leverage through these business development efforts, instead of signing off large chunks of their company in form of equity early on. I would never take investment in a startup from a hedge fund.

Dilution 114

Dilution Revenue Finance Entrepreneur 114

Professor VC

FEBRUARY 12, 2008

Once the point is reached where you want to move ahead, we put the sales hat on and convince our partners about the incredible opportunity that we are lucky enough to be able to invest on the ground floor. This was the beginning of the dot com bust and getting a consumer deal through the partners at my venture firm was next to impossible.

San Jose 31

San Jose Technical Review Venture Capital Angel Investor 31

Startup Lessons Learned

MAY 15, 2020

Actually keeping the company in business, having it have a sustainable business model, having it pull in the funds that it needs to keep going, that's actually not a greedy thing to do. My partner, Martin, and I did just that. My partner, my spouse works, it's not a stress for me. Oh, no question. She took it all.

Dallas 68

Dallas Employee Government Social Media 68

pandodaily.com

JULY 18, 2012

And the startup ecosystem is dependent on those wild Barry-Bonds-juiced-up-on-a-million-steriods-style home runs to keep functioning. While a 21-year-old with no mortgage, no girlfriend and a low-burn rate may have nothing to lose, a 40-year old with a career, a mortgage and kids has everything to lose. Dave Winters.

Entrepreneur 45

Entrepreneur San Francisco Silicon Valley Technical Review 45

Professor VC

NOVEMBER 19, 2009

If you have a reputation for cutting corners, not treating employees or partners right, it will become very difficult to do business. They must live, breathe, sleep, and be one with the startups ups and downs. While Silicon Valley covers a large amount of turf, it is very small. November 20, 2009 8:26 AM. blog internships.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

www.chubbybrain.com

SEPTEMBER 28, 2011

25 Best Startup Failure Post-Mortems of All Time. Update – As a followup, we analyzed all of these startup failure post-mortems to identify the top 20 reasons for startup failure. Also worth a read after you review these startup failure post-mortems. Post-Mortem Title : How My Startup Failed.

Software Review 79

Software Review Startup Technical Review Vesting 79

Startup Lessons Learned

MARCH 13, 2009

Lessons Learned by Eric Ries Friday, March 13, 2009 Dont launch Heres a common question I get from startups, especially in the early stages: when should we launch? In fact, in most situations its a bad idea for startups to synchronize these events. Establish credibility with potential partners.

San Francisco 168

San Francisco PR Lean Early Stage 168

Both Sides of the Table

FEBRUARY 14, 2016

” “Mark has a vested interest in talking down valuations of startups.” Most prefer not to say this publicly for two reasons: 1) they have an entire portfolio of startups, many of whom are raising capital and 2) they prefer not to be attacked publicly or seem “anti entrepreneur.” goes into a startup.

Valuation 150

Valuation Down Round Startup Later Stage 150

abovethecrowd.com

FEBRUARY 24, 2015

As another example, consider that most public marketplace companies, such as ebay or GrubHub, report revenues on a “net” basis rather than gross (approximately 80-90% of revenues go to supplier partners, so this is the proper conservative representation). If you want to know if the business model truly hunts, you must pay careful attention.

IPO 40

IPO Liquidation Preference Valuation Technical Review 40

YoungUpstarts

JANUARY 11, 2018

by Courtney Reum and Carter Reum, co-authors of “ Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches “ Too often we see leaders who have the entrepreneurial instinct to move quickly go wide before they’ve nailed the most crucial early steps.

Los Angeles 133

Los Angeles Investment Bankers Cofounder Viral 133

VC Cafe

JULY 6, 2010

That is where Libox , a new Tel Aviv-based startup offering a free service to share and store photos, videos and music, wants to disrupt the industry. VC Cafe: What is you business model? Our burn rate is very low and the technology is very scalable. Corporations and strategic partners, using the Libox platform.

Media 84

Media Management API HTML 84