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. You’re actively developing and growing a business when consumers are less likely to engage in frivolous spending habits.

Software Review 113

Software Review Lean Forecast Business Plan 113

Mucker Lab

MAY 28, 2020

These lost startups land higher valuations, have larger teams, outsource more product development and spend more money on customer acquisition than their peers. Or, you feel like you have so much cash that you can afford to burn it until your original idea eventually works. Sometimes founders misapply lean startup methodology.

Startup 78

Startup Cofounder Burn Rate Technical Review 78

Up and Running

APRIL 30, 2020

Here are just a few what-if scenario questions to ask yourself as you develop different scenarios: Time to recovery: Think about how the world will recover from the current economic crisis. Tips for developing scenarios with a spreadsheet. Will businesses open slowly? Or will it take time? Impact on sales: If sales go down 30%?

Forecast 120

Forecast Balance Sheet Burn Rate Software Review 120

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. Agile Development: launch an MVP early and iterate quickly. It was a nuclear winter for startup capital.”

Lean 214

Lean Seed Capital Startup Burn Rate 214

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. That died with waterfall software development. Do you really want to spent $100k building a product to discover through Customer Development that the market is too small?

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Feld Thoughts

NOVEMBER 18, 2013

One of them used to be a lead developer at [insert hot consumer tech company here]. They need to raise money before building anything substantial after determining that they needed a little dough to follow the Lean Startup methodology. Early customer development talks are going great which keeps the team really excited.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Feld Thoughts

SEPTEMBER 16, 2011

Since SayAhh is in the pre-launch development stage, the company doesn’t have any revenue yet. A company at this stage could also face product development costs from consultants if they decided to outsource product development. This resulted in an annualized burn rate more in the neighborhood of $55,200 ($4,600 * 12).

Balance Sheet 125

Balance Sheet Fractional CTO Burn Rate Salary 125

crowdSPRING Blog

SEPTEMBER 19, 2014

Are startup burn rates out of control? Busting the Lean-Startup Myth – crowdspring.co/1ozOXHA. Legal Contracts for Software Developers Who Hate Contracts (w/free contract template to use today) – [link]. How Everything We Tell Ourselves About How Busy We Are Is A Lie | Fast Company – [link] crowdspring.co/1uH6HVo.

Social Media 94

Social Media Small Business Design Media 94

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. Over its lifetime a Lean Startup may spend less money than a traditional startup.

Lean 244

Lean Silicon Valley Startup RSS 244

Steve Blank

SEPTEMBER 17, 2009

This post describes a solution – the Customer Development Model. In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development. This post describes such a model.

Customer Development 242

Customer Development Developer Customer Silicon Valley 242

Startup Professionals Musings

JUNE 18, 2012

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.

Cost 255

Cost Burn Rate SEM Startup 255

Startup Professionals Musings

FEBRUARY 15, 2011

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Gust

JUNE 10, 2012

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Technology costs.

Cost 139

Cost Burn Rate SEM Startup 139

Startup Lessons Learned

JULY 6, 2020

Then he started a company called PostEra, which uses machine learning to identify promising compounds for new drug development. They've collected and sorted thousands of possible compounds, and now have multiple drugs in development in a lab in the UK. As Alpha explained, it's "not in any way tied to PostEra's commercial operations.

Artificial Inteligence 60

Artificial Inteligence Open Source Cofounder Design 60

BeyondVC

DECEMBER 10, 2009

So first and foremost, I let him know that while it was nice to have a well thought out spreadsheet, that the most important thing was getting the product developed and the right team in place. While many SAAS companies may collect cash monthly or quarterly, some collect annual fees by offering discounts by paying upfront.

Churn Rate 112

Churn Rate Burn Rate Startup Metrics 112

Up and Running

OCTOBER 1, 2014

Nelson has some tips: Know your burn rate. This is a process she went through first hand, deciding on the fresh direction for her business as they went into development a new product. Unfuddle allows development teams to easily collaborate on product management. How do you balance it all? Look inward.

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

Startup Lessons Learned

MARCH 27, 2009

In lean times, it’s most important to focus on cutting costs in ways that speed you up, not slow you down. To increase the number of iterations you have left, you can either increase cash on hand (by raising money or increasing revenues), reduce burn rate, or increase the speed of each iteration. Work in small batches.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Steve Blank

MAY 15, 2009

Stay hungry, stay lean. I don’t want to be hungry and lean (nor do I want to be full and fat). It was an odd feeling at that time, we thought we have made it and fail to stay lean and hungry. Is it a given that the “lean, hungry&# culture can actually be maintained forever? Don’t let it happen to you.

Silicon Valley 205

Silicon Valley RSS Lean Agile 205

Startup Lessons Learned

MARCH 13, 2009

Do some Customer Development instead. And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated. Hold yourself and your PR agency accountable for developing a high level of understanding of these questions ahead of time. Help you raise money.

San Francisco 168

San Francisco PR Lean Early Stage 168

Seeing Both Sides

MARCH 2, 2011

At the same time, the foursquare team was incredibly skilled at applying lean start-up best practices, specifically: Product-obsessed founders : both Dennis and Naveen were consumed with the product. Modest burn : the company only raised $1.35 Monetization. But it's not a binary decision.

API 44

API Valuation Lean Burn Rate 44

The Startup Toolkit

JUNE 27, 2012

Similarly, I think that working nights & weekends is an awesome way to start doing customer development and answering the big questions about your business. For example, it’s very hard to go back to your old burn rate once you’ve hired a VP sales and it’s hard to re-vamp your product focus after a big PR campaign.

Burn Rate 35

Burn Rate PR Campaign Hiring 35

techcrunch.com

FEBRUARY 26, 2013

He knows how to advise entrepreneurs on hiring/firing, running teams, managing funding, when/how to control burn rate, and making other tough management decisions in the real environment of startups. Good board members also bring different skills and points of view, developed though years of experiences (and failures).

Burn Rate 87

Burn Rate Hiring Engineer Entrepreneur 87

Steve Blank

APRIL 20, 2009

Berkeley Haas Business School was courageous enough to give me a forum teach the Customer Development Methodology. But in fact, most startups need to keep their burn rate low more [.] The Man Who Shot Liberty Valance I always had been curious about how Silicon Valley, a place I had lived and worked in, came to be. to do that.

Silicon Valley 270

Silicon Valley RSS San Francisco Technical Review 270

Up and Running

APRIL 2, 2020

Instead, start with the quick and easy lean business plan , to help you map out your business and financing activities over the next few months. Also, for your crisis plan, be sure that you know your burn rate and runway , which is how quickly you are using up your cash reserves and how long you have before you run out of cash.

Forecast 157

Forecast Salary Business Plan Balance Sheet 157

www.chubbybrain.com

SEPTEMBER 28, 2011

At the end, I asked myself what are the most critical resources I need to be successful and the answer was partners and developers. Hiring is hard, and without proper experience, we should have leaned more heavily on our investors to help us with this decision. Post-Mortem Title : How To Develop a Product Nobody Wants.

Software Review 79

Software Review Startup Technical Review Vesting 79

Startup Lessons Learned

JANUARY 30, 2009

Without conscious process design, product development teams turn lines of code written into momentum in a certain direction. This is why agility is such a prized quality in product development. The passionate early adopters who flocked to the product at its launch could not sustain this outsized burn rate.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150