YoungUpstarts

JULY 31, 2019

Billions of dollars are being poured into companies that have yet to clear the value chasm, as entrepreneurs use early traction that isn’t necessarily financially-oriented, but shows a certain level of uptick or success, to raise capital and convince early stage investors that their horse is the one to bet on.

Cofounder 127

Cofounder Burn Rate Technical Cofounder Seed Capital 127

Up and Running

SEPTEMBER 17, 2014

That’s why we asked nine members from Young Entrepreneur Council (YEC) what metrics all founders should be aware of — always. It is crucial for entrepreneurs to understand their costs of goods and services. No Specific Metric. I believe all entrepreneurs should know their business. Cash on Hand.

Metrics 146

Metrics Burn Rate Entrepreneur Forecast 146

David Teten

NOVEMBER 26, 2019

Instead of budget approvals, monitor key metrics and give managers more flexibility. Paul Bianco, CEO of Graphite Financial *, says, “Entrepreneurs are characteristically optimistic by nature, and often present their board best-case-scenario budgets and projections. Traditional budgets can be destructive and a huge waste of time.

Agile 60

Agile Management Forecast Silicon Valley 60

crowdSPRING Blog

OCTOBER 24, 2014

Benchmarking SaaS Startup Efficiency with Revenue per Employee Metrics | by @ttunguz – crowdspring.co/1sRVdjm. What is the Right Burn Rate at a Startup Company? | All young entrepreneurs should read … My Last Day At PivotDesk | Kelly Taylor’s Blog – crowdspring.co/1sZar6P. Candid & raw.

Social Media 95

Social Media Small Business Design Media 95

ReadWriteStart

JULY 9, 2023

Legal Nuances Entrepreneurs, especially newbies, tend to get taken away by their idea for a startup. Communication Oftentimes entrepreneurs-to-be don’t realize that being a startup founder means communicating a lot and with a crazy amount of people. Metrics A business should be measurable.

Intellectual Property 122

Intellectual Property Startup Burn Rate Metrics 122

Feld Thoughts

NOVEMBER 18, 2013

Ari Newman is an entrepreneur, mentor, investor, and a friend. He works at Techstars where his responsibility is to ensure that the connections between alumni, mentors, and staff are as robust as they can be – helping entrepreneurs “ do more faster ” day in and day out. Three months in, the burn is now at $70k/month.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Both Sides of the Table

MAY 2, 2015

It’s the nature of most entrepreneurs, honestly. They can show the projections on what this does to burn rate. Another thing entrepreneurs f**k up? The full financial details and metrics were in the deck. Establishing Metrics & Monitoring Success (or Failures). They can help you with pricing.

Operations 150

Operations Metrics Early Stage Non-Compete 150

Startup Professionals Musings

JULY 4, 2021

Every entrepreneur I know is short on resources, including time, money, and skills. Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Productive processes start with a plan, and end with metrics that measure value delivered. There is no cushion.

Startup 404

Startup Lean Metrics Matching 404

Up and Running

JUNE 18, 2013

This just about sums up the financial stress of being an entrepreneur. We’ll be using LivePlan to display these metrics. Keep an eye on both your monthly burn rate and any major payables to make sure you’re financially viable in the immediate future. Finance accounting entrepreneurship metrics projections startup'

Metrics 79

Metrics Burn Rate .Net Finance 79

Both Sides of the Table

JULY 16, 2013

The minute you try to monetize now they have metrics with which to beat you up and say you’re business has limitations.” The company with no revenue and a $150k burn rate that raised $2.5 I know it’s not as sexy as a faster growth rate and a larger round of capital. You’re out of money.

Burn Rate 412

Burn Rate Dilution Revenue Valuation 412

Up and Running

AUGUST 21, 2014

In this webinar, we take time to discuss the different metrics that startups—and established businesses—should be tracking. In terms of pre-purchase, traffic and content metrics. So I’m going to keep going here, “Pre-purchase, the traffic and content metrics.” Peter, anybody have any questions as I go along?

Metrics 84

Metrics Startup Churn Rate Forecast 84

Steve Blank

FEBRUARY 22, 2010

Yet most entrepreneurs and their VC’s make startups use financial models and spreadsheets that actually hinder their success. Do the metrics show that the business model you’re creating will support the company you’re trying to become? Startup Metrics. Startups need different metrics than large companies.

Balance Sheet 300

Balance Sheet Startup Burn Rate Metrics 300

Startup Professionals Musings

AUGUST 14, 2015

Too many entrepreneurs tackle starting a business as a random walk into a business minefield, and they count on their street smarts, thick skin and pure determination to get them to their destinations alive. Some entrepreneurs run with passion into the minefield, only to find it’s harder to recover than to plan ahead.

Elevator Pitch 120

Elevator Pitch Burn Rate Startup Metrics 120

Steve Blank

JUNE 1, 2011

The Wrong Metrics. Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance.

Silicon Valley 292

Silicon Valley Business Model Venture Capital Balance Sheet 292

Both Sides of the Table

AUGUST 25, 2015

If you’re an entrepreneur or VC who wants somebody else’s view on that you should read it. private companies grow so quickly that their metrics catch up with their valuations. Last night I wrote a post about how the fall in the stock market over a 3-day period may affect the venture capital markets. So now what?

Balance Sheet 150

Balance Sheet Valuation Burn Rate Stock 150

Startup Professionals Musings

AUGUST 7, 2015

When pitching to investors, entrepreneurs always seem to start with a customer pitch, then add a slide or two about the business. Investors are business experts, while the entrepreneur is more likely the product expert. This allows them to calculate burn rates, break-even points and forecast the company valuation over time.

Product 120

Product Intellectual Property Liquidity Event Burn Rate 120

Steve Blank

JUNE 1, 2011

The Wrong Metrics. Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance.

Silicon Valley 263

Silicon Valley Business Model Venture Capital Balance Sheet 263

VC Cafe

NOVEMBER 2, 2019

One question that keeps coming up when speaking with early stage entrepreneurs when it comes to funding, is what metrics the company needs to hit to raise seed/series A/B etc: What’s a good conversion rate? Is my churn rate below the category average? 500 Startups created a helpful primer on key B2C metrics.

B2C 141

B2C Technical Review Startup Retention 141

Mucker Lab

MARCH 8, 2016

In reality, we are scrappy founders, just like the entrepreneurs we serve. Just as entrepreneurs should aspire to raise capital from value-added, “smart money” investors, we, too, have focused on partnering with committed, long-term, institutional limited partners (LPs). Mucker III is for those quiet but indomitable entrepreneurs.

Burn Rate 60

Burn Rate Limited Partner Bootstrapping Portfolio 60

The Equity Kicker

JANUARY 10, 2020

Now, we love a great entrepreneur and team as much as anybody else, of course, but over the years we have realised that a great team working on an idea that isn’t convincing is not a recipe for success. It’s got a big burn rate, it’s too big to pivot, and it goes bust. And what are the metrics for customer love?

Partner 68

Partner Early Stage Portfolio Metrics 68

BeyondVC

DECEMBER 10, 2009

The other day I met with an entrepreneur I was advising as he prepared to raise his next round of funding. While the revenue model may change as well, I like to at least understand going into the investment that the entrepreneur's head is in the right place and that the economics work right from the start.

Churn Rate 112

Churn Rate Burn Rate Startup Metrics 112

ReadWriteStart

JUNE 13, 2011

Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "Customer Development" methodology that helps startups optimize their chances for success while reducing risk. The only numbers in those documents that are important in the first year of a startup's life are burn rate and cash balance.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Up and Running

OCTOBER 1, 2014

Statdragon is a Saas platform that allows businesses to access and analyze metrics about their existing videos and optimize their video marketing strategy. Nelson has some tips: Know your burn rate. Five useful tools and an entrepreneur’s workspace. What helps a busy entrepreneur get work done?

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

Hippoland

FEBRUARY 21, 2016

As an entrepreneur, I know that it can be tough to convey bad news to your investors, because you don’t want them to think less of you or be angry / disappointed. The flip side is that if an entrepreneur rallies everyone together and says, “Hey look, this situation is not going well, can you all help with ABC?”

Burn Rate 48

Burn Rate Acquisition Revenue Metrics 48

Professor VC

JANUARY 27, 2008

Perhaps, this is partially driving some of the jumping across the table, but certainly the performance metrics of funds and individual partners has also played a key role. Im going to continue to follow the paths of entrepreneurs turned VCs turned entrepreneurs again and see how it evolves. Steve Bennet. at 12:47 PM.

San Jose 28

San Jose Technical Review Angel Investor Venture Capital 28

Professor VC

FEBRUARY 26, 2008

Do you have the right make-up to be an entrepreneur? You need to be true to yourself and many people arent cut out to take the personal and professional risk associated with being an entrepreneur. I was glad to see he didnt try and upstage Mr. Hogan by adding another one. Can Entrepreneurship Be Taught? ► October. (1).

Technical Review 28

Technical Review San Jose Angel Investor Silicon Valley 28

Professor VC

AUGUST 26, 2011

I get asked this question a lot by entrepreneurs (and students). What are the key drivers and metrics? Related to this, I got an email from an entrepreneur this week interested in meeting with me. Byron Deeter has a good blog post on SAAS metrics. ProfessorVC. The last blogger in Silicon Valley. Friday, August 26, 2011.

Silicon Valley 35

Silicon Valley San Jose Hockey Stick Venture Capital 35

BeyondVC

JUNE 11, 2007

The trick for entrepreneurs is to look at bringing on debt concurrent or soon after your close of equity financing. For some investors and entrepreneurs, this risk may not be worth the dollars. Getting in earlier also allows these venture debt firms to buy more of the company from a warrant perspective than getting in on later rounds.

Intellectual Property 60

Intellectual Property Covenant Warrant Equity 60

Startup Lessons Learned

MARCH 27, 2009

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). Two Ways to Hold Entrepreneurs Accountable (for Ha.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Startup Lessons Learned

MARCH 13, 2009

Figuring this out takes time, and few entrepreneurs have the patience to wait it out, because the business plan does such a good job of explaining what customers are going to think. And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated.

San Francisco 168

San Francisco PR Lean Early Stage 168

abovethecrowd.com

APRIL 20, 2016

The pressures of lofty paper valuations, massive burn rates (and the subsequent need for more cash), and unprecedented low levels of IPOs and M&A, have created a complex and unique circumstance which many Unicorn CEOs and investors are ill-prepared to navigate. Entrepreneurs/Founders/CEOs. Here is the historic perspective.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Up and Running

MAY 22, 2018

The show has been around for a while; entrepreneur contestants pitch their business ideas in front of a panel of investors—the “sharks”—in hopes that one of them will want to invest in their idea. However, for those entrepreneurs, a whole new struggle begins after the show ends. Nerdy term: Burn rate.

Exit Strategy 90

Exit Strategy Angel Investor Search Elevator Pitch 90

Startup Lessons Learned

JANUARY 30, 2009

The passionate early adopters who flocked to the product at its launch could not sustain this outsized burn rate. Departments were built and were even metrics-driven. But there was no feedback loop to help the company find the right metrics to focus on. Two Ways to Hold Entrepreneurs Accountable (for Ha.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150

YoungUpstarts

JANUARY 11, 2018

As an entrepreneur, you are going to have to take risks. When entrepreneurs are selling widely from the start and showing us vanity metrics, it’s clear that they haven’t found PMF and it’s a quick pass for us. Three months later, customers started returning the mattresses, feeling that they became less desirable over time.

Los Angeles 133

Los Angeles Investment Bankers Cofounder Viral 133