Remove Burn Rate Remove Coder Remove Hiring Remove Networking
article thumbnail

Why Founders Should Know How to Code

Steve Blank

The emphasis on the rapid development and iteration of MVP’s is to speed up how fast you can learn ; from customers, partners, network scale, adoption, etc. Speed keeps cash burn rate down while allowing you to converge on a repeatable and scalable business model. Having a coder as part of the founding team is essential.

Cofounder 336
article thumbnail

Stock Market Drops. Then It Rallies. What Happens Next for Funding?

Both Sides of the Table

Companies raised too much money in 2005-08 and had high burn rates. But you’d have to be a pretty heads-down coder to not have noticed the past 2+ weeks in the DJIA. When this period was fresh, in Sept 2009, I wrote a very detailed assessment of what I thought had just happened. tl;dr summary. So no new deals got done.

Stock 305