Remove Burn Rate Remove Continuous Deployment Remove Engineer Remove Product
article thumbnail

Lessons Learned: Achieving a failure

Startup Lessons Learned

Build a truly mainstream product. Build the product in stealth mode to build buzz for the eventual launch. The whole company and board play-tested the product to see its new features first hand. Everyone had fun; the product worked. After years of engineering effort, changing these assumptions was incredibly hard.

article thumbnail

Lessons Learned: Cash is not king

Startup Lessons Learned

The full formula works like this: runway = cash on hand / burn rate # iterations = runway / speed of each iteration Very few successful companies ended up in the same exact business that the founders thought theyd be in (see Founders at Work for dozens of examples). Were talking PayPal -sized variations.

article thumbnail

Lessons Learned: Don't launch

Startup Lessons Learned

Announce a new product, start its PR campaign, and engage in buzz marketing activities. Marketing launch) Make a new product available to customers in the general public. Product launch) In todays world, there is no reason you have to do these two things at the same time. Establish credibility with potential partners.