Steve Blank
SEPTEMBER 5, 2018
But NewTV doesn’t plan on testing these hypotheses. With fewer than 10 employees but almost $2-billion dollars in the bank, they plan on jumping right in. It’s the antithesis of the Lean Startup. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan.
Both Sides of the Table
NOVEMBER 3, 2009
The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. In an era of “launch and learn&# is there a need for a business plan? I have seen really great product people espouse the death of the business plan.
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Up and Running
APRIL 27, 2020
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. However, it’s not as difficult as you’d imagine primarily due to the fact that you’re building a business when times are tight.
YoungUpstarts
MAY 12, 2020
Whether or not the pandemic ends within a month or a year, small business owners need to be ready to buckle down, reassess, and even make changes to their business strategy in order to weather the storm (and beyond). Here are seven best pieces of advice for anyone running their own business right now.
Up and Running
APRIL 30, 2020
Each scenario combines the key numbers in the hypothetical case and explores the impact on the bottom line, and helps you define your cash burn rate and runway. Then you look at what to change in expenses to keep the business going during the downturn. Building scenarios using a business planning tool.
VC Cafe
JULY 26, 2020
In fact, they were screaming at them to dramatically reduce their burn rates. ” Steve Blank, “Is the lean startup dead?” ” The Lean Startup movement started out of necessity. Quibi didn’t stop to test the hypothesis with a lean startup approach.
Startup Professionals Musings
JULY 4, 2021
Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Much has been written about this subject in the world of manufacturing, stemming primarily from the 1990’s work by Taiichi Ohno, called the Toyota Production System (“Lean”).
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