Steve Blank

SEPTEMBER 5, 2018

First Movers” didn’t understand customer problems or the product features that solved those problems (what we now call product-market fit). Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money. Lean makes sense when capital is scarce and when you need to keep burn rates low.

Lean 335

Lean Burn Rate Startup IPO 335

Feld Thoughts

NOVEMBER 18, 2013

Early customer development talks are going great which keeps the team really excited. Three months in, the burn is now at $70k/month. This is all a part of the normal product and customer development process,” the CEO tells the team. Following are a few ways that a board would have helped out.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

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. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Jonathan Swift. Here’s how.

Silicon Valley 295

Silicon Valley Business Model Venture Capital Balance Sheet 295

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. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Jonathan Swift. Here’s how.

Silicon Valley 266

Silicon Valley Business Model Venture Capital Balance Sheet 266

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. The process, which Blank detailed in his book, "The Four Steps to the Epiphany," uses customer feedback to refine and improve a product before scaling a business. Here's how.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117