Mucker Lab

MAY 28, 2020

Like a teenager with a million-dollar allowance and an identity crisis, a startup with too much capital and no product-market fit will become capable of making larger mistakes. As an investor, I root for startups. Startups flush with cash often do the opposite – they jump out of the plane, and then test the parachute as they free fall.

Startup 78

Startup Cofounder Burn Rate Technical Review 78

Both Sides of the Table

JULY 13, 2013

One of my favorite events last year was attending Startup Grind where I got to interview Clayton Christensen, author of The Innovator’s Dilemma. And of course we talked about many of my views of building startups. You didn’t join startups then. You joined a startup if you couldn’t get a real job.

Cofounder 337

Cofounder Technical Cofounder San Diego Startup 337

YoungUpstarts

AUGUST 19, 2016

While you absolutely need to keep an eye on earnings and burn rate, human capital is ultimately the fuel that makes the machine run. The ability to attract, engage, and grow talented employees makes the difference between the startups that thrive and those that die. Your employees, after all, become part of what you sell.

Startup 100

Startup Burn Rate Cofounder Salary 100

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. Lets see why.

Lean 250

Lean Silicon Valley Startup RSS 250

Steve Blank

FEBRUARY 26, 2013

We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. While I had been part of a few failed startups, none of them had fallen squarely on my shoulders until Rocket Science Games where my business card said CEO. We hired everyone according to our plan.

Redemption 331

Redemption Cofounder Silicon Valley Burn Rate 331

Steve Blank

FEBRUARY 26, 2013

We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. While I had been part of a few failed startups, none of them had fallen squarely on my shoulders until Rocket Science Games where my business card said CEO. We hired everyone according to our plan.

Redemption 223

Redemption Cofounder Silicon Valley Burn Rate 223

The Next Web

DECEMBER 2, 2013

Here are their breakdowns of the costs and time investments to create 10 of the world’s hottest startups. Therefore, if you want to bring an MVP ( Minimum Viable Product ) to market, Werdelin approximates that you’ll need $50,000 to $250,000 , depending on the skill sets of the developers and designers you hire. 1) Twitter.

Cost 168

Cost San Francisco New York City Ruby 168

Both Sides of the Table

NOVEMBER 3, 2009

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. 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. Don’t know the running rate for engineers?

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

crowdSPRING Blog

OCTOBER 10, 2014

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! The ROI of Blogging: What the Groove Blog is Worth to Our Startup – crowdspring.co/YUXa2r. The Ultimate Startup Marketing Strategy | by Venture Harbour – [link] crowdspring.co/1xxV8lb.

Social Media 97

Social Media Small Business Design Media 97

crowdSPRING Blog

SEPTEMBER 19, 2014

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Are startup burn rates out of control? This Invaluable Lesson Will Keep You From Making Catastrophic Hiring Mistakes - crowdspring.co/XeV4JS.

Social Media 94

Social Media Small Business Design Media 94

crowdSPRING Blog

DECEMBER 12, 2014

We do like to talk about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, economics and other interesting stuff! Coca-Cola Plans to Help Startups Around the World – crowdspring.co/159Mot0. Where are the Women Software Engineers? – crowdspring.co/12gwMCO.

Social Media 100

Social Media Small Business Design Media 100

Feld Thoughts

NOVEMBER 18, 2013

They need to raise money before building anything substantial after determining that they needed a little dough to follow the Lean Startup methodology. They close on the $750k, hire a buddy or two, buy some Macs, and get to work. At month six, one of the early hires leaves, a developer who turns out wasn’t a good fit.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Both Sides of the Table

MAY 2, 2015

For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant. Great startups have budgets. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs.

Operations 150

Operations Metrics Early Stage Non-Compete 150

techcrunch.com

FEBRUARY 26, 2013

A lot of VCs, especially those from the more financially oriented firms, do more harm to startups than good when they get themselves on company boards without ever having built a company themselves, or seeing one from the inside. Having this kind of advisor as your coach is like turbo-charging your entrepreneurial engine from the sidelines.

Burn Rate 87

Burn Rate Hiring Engineer Entrepreneur 87

Steve Blank

APRIL 20, 2009

By the late 1930′s when HP started, a small group (measured in hundreds) of engineers who made radio tubes were building the valleys’ ecosystem for electronics manufacturing, product engineering and technology management. Who would have known?

Silicon Valley 279

Silicon Valley RSS San Francisco Technical Review 279

Startup Professionals Musings

JANUARY 4, 2011

For those of you who want to get in on the ground floor of a new venture, but haven’t yet worked up the nerve to start your own, begin with a job at a startup. Working for a startup is not a career choice, but more of a lifestyle. The other partner, and hopefully there is only one crazy one, goes after the startup lifestyle.

Silicon Valley 227

Silicon Valley Burn Rate Startup Stock Options 227

Steve Blank

MAY 15, 2009

Signs of Success One of the things you do right in a startup, is you move from one cheap and cramped building to another as you grow, with desks, cubicles and engineers piled cheek to jowl. Engineers were packed in cubicles or desks right on top of each other? Now every engineer can have their own office.

Silicon Valley 212

Silicon Valley RSS Lean Agile 212

Startup Lessons Learned

JANUARY 30, 2009

Hire the absolute best and the brightest, true experts in their fields, who in turn can hire the smartest people possible to staff their departments. Bring in an expert CEO with outstanding business credentials and startup experience to focus on relentless execution. Here are a few: We know what customers want.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150

Steve Blank

NOVEMBER 18, 2010

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) Luckily most startups now realize there is a better way. Startups Are Not Small Versions of Large Companies. The revenue numbers and revenue model came from a startups original Business Plan.

Burn Rate 248

Burn Rate Management Business Model Customer Development 248

K9 Ventures

NOVEMBER 2, 2015

For context, I am talking mostly to Computer Science and Engineering grads from the top schools who are looking at opportunities at tech companies. What happens if the economy tanks and the company decides that it cannot hire as many people? 1: Never sign an offer in the Fall! What a complete boondoggle in my opinion.

Technical Review 48

Technical Review Venture Capital Michigan Burn Rate 48

www.chubbybrain.com

SEPTEMBER 28, 2011

25 Best Startup Failure Post-Mortems of All Time. Update – As a followup, we analyzed all of these startup failure post-mortems to identify the top 20 reasons for startup failure. Also worth a read after you review these startup failure post-mortems. Post-Mortem Title : How My Startup Failed.

Software Review 79

Software Review Startup Technical Review Vesting 79

Startup Professionals Musings

MARCH 28, 2016

In addition, if you are already a CFO, this position is a great springboard to the chief operating officer (COO) or even the CEO position in the startup, based on recent reports. Every startup role requires managing to financial realities. In a corporate environment, you can leave financials to someone else, but not in a startup.

Entrepreneur 120

Entrepreneur Burn Rate Leadership Salary 120

Transformify

AUGUST 27, 2017

Your team is directly correlated with the valuation of your startup. All of the above is true, but it is also true that many startups have failed because they hired too early, too fast, or fired too late. Then the hiring begins. Hire full-time employees. It all starts with the founders. The downside?

Hiring 64

Hiring Software Review Burn Rate Startup 64

Startup Lessons Learned

MARCH 27, 2009

Lessons Learned by Eric Ries Friday, March 27, 2009 Cash is not king Cash on hand is just one important variable in a startup’s life, but it’s not necessarily the most important. These successful startups managed to have enough tries to get it right. What matters most is the number of iterations the company has left.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

www.paulgraham.com

APRIL 28, 2010

Want to start a startup? A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. Few startups get it quite right. 1 ] A startups life will be more complicated, legally, if any of theinvestors arent accredited.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

OnlyOnce

SEPTEMBER 30, 2020

As we wrote in our Founding Manifesto , Bolster was started in part to create a new way for startup and scaleup CEOs to think about growing their leadership teams. This is even more true at startups and scaleups, which by definition are more fast-paced, dynamic, CEO-driven, and thinly staffed. By and large, startups work the same way.

Burn Rate 71

Burn Rate Leadership Search Curation 71

Steve Blank

FEBRUARY 16, 2010

You would think that would be enough to get wrong, but entrepreneurs and investors compound this problem by assuming that all startups grow and scale by executing the Revenue Plan. Another VC added that engineering should redesign the product to meet the price and performance of current users in an adjacent market. They don’t.

Revenue 231

Revenue Balance Sheet Hockey Stick Burn Rate 231

OnlyOnce

SEPTEMBER 30, 2020

As we wrote in our Founding Manifesto , Bolster was started in part to create a new way for startup and scaleup CEOs to think about growing their leadership teams. This is even more true at startups and scaleups, which by definition are more fast-paced, dynamic, CEO-driven, and thinly staffed. By and large, startups work the same way.

Burn Rate 48

Burn Rate Leadership Search Curation 48

Eric Friedman

NOVEMBER 8, 2011

So BigCos and scaling startups, with increasingly valuable equity, are enjoying a perfect storm for acqhires. In the world of web startups, you can hire individuals and try to make the team hum, or you can buy an agile group that you know can perform. 2 engineers. 10MM upfront to buy the startup and product.

Burn Rate 90

Burn Rate Agile Equity Hiring 90

Startup Lessons Learned

MARCH 13, 2009

Lessons Learned by Eric Ries Friday, March 13, 2009 Dont launch Heres a common question I get from startups, especially in the early stages: when should we launch? In fact, in most situations its a bad idea for startups to synchronize these events. Most startups arent so fortunate. My answer is almost always the same: dont.

San Francisco 168

San Francisco PR Lean Early Stage 168

Up and Running

OCTOBER 1, 2014

To complicate things further, your startup is also frequently a side hustle while you hold down a day job. Nelson has some tips: Know your burn rate. And this isn’t just for your business, but as many startup founders know, your personal finances can matter just as much (especially if you aren’t profitable yet).

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

Reid Hoffman

NOVEMBER 14, 2018

One of the reasons that startups tend to rely on Blitzscaling is that speed is one of the primary advantages they hold vis a vis large companies. Startups can act quickly to capitalize on the new opportunities created by technological advances. Engineering. Engineers hate doing throwaway work. Invest in throwaway work.

Engineer 28

Engineer Burn Rate Hiring Dilution 28

Startup Lessons Learned

MAY 15, 2020

It's never selfish to hire. I said, "Hire people. Hire them to do whatever you can find them to do." Human talent, marketing, engineering, R&D. So anything you can do to keep them hired, you just improved their sanity. It's never selfish to hire. They asked me, "What else can we do?"

Dallas 68

Dallas Employee Government Social Media 68

Hearpreneur

JULY 7, 2019

I see companies transitioning to hiring more freelancers and remote workers. When they outsource they are hiring professionals for a certain number of hours per month and not 40 hours per week in addition to benefits, workers comp, etc. We want every hire to be for life, and the way we treat employees makes them want to stay.

Entrepreneur 93

Entrepreneur Distribution Employee Arizona 93

thestartuplawyer.com

FEBRUARY 24, 2010

Contact The Startup Lawyer: Home Page About Contact FAQs Glossary Ryan Roberts Law: Home Page Social Networks: Facebook Twitter LinkedIn Flickr Delicious Digg Last.FM He obviously never launched a startup and got shafted by a co-founder. He obviously never launched a startup and got shafted by a co-founder.

Cofounder 40

Cofounder Founder Preferred Stock Startup 40

Both Sides of the Table

AUGUST 9, 2011

Come 2009 we felt really bullish about the future for startups because the froth was gone and so, too, were wantrapreneurs. Companies raised too much money in 2005-08 and had high burn rates. I need leaders who manage in good times and bad.To build a large company you need to manage through economic cycles. tl;dr summary.

Stock 305

Stock Technical Review Marketing Greece 305

Hunter Walker

NOVEMBER 25, 2022

Now it just so happens we also have a very good close rate, but that’s because the startups in our portfolio are typically interesting, rewarding places to be and they are thoughtful in the candidates pursued]. And don’t go to the startup if they can’t get above it in some easy or creative way.

Salary 56

Salary Burn Rate Dilution Equity 56