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. Heads down on product, they say. Seven months in, there is a beta product.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Startup Professionals Musings

JULY 4, 2021

Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Much has been written about this subject in the world of manufacturing, stemming primarily from the 1990’s work by Taiichi Ohno, called the Toyota Production System (“Lean”). Lack of communication.

Startup 404

Startup Lean Metrics Matching 404

Steve Blank

SEPTEMBER 7, 2009

This post describes how following the traditional product development can lead to a “startup death spiral.&# In the next posts that follow, I’ll describe how this model’s failures led to the Customer Development Model – offering a new way to approach startup sales and marketing activities. The board raises a collective eyebrow.

Customer Development 224

Customer Development Developer Customer Silicon Valley 224

crowdSPRING Blog

SEPTEMBER 19, 2014

Are startup burn rates out of control? This Invaluable Lesson Will Keep You From Making Catastrophic Hiring Mistakes - crowdspring.co/XeV4JS. Hiring startup engineers? Busting the Lean-Startup Myth – crowdspring.co/1ozOXHA. They seem to be | AVC – crowdspring.co/1rbM5FT.

Social Media 94

Social Media Small Business Design Media 94

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. Build a truly mainstream product. Build the product in stealth mode to build buzz for the eventual launch. Everyone had fun; the product worked. Focus on quality.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150

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

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

We hired an interior designer and a great facilities person to manage the process. Stay hungry, stay lean. There’s something about working on a crappy desk that spurs better ideas and more productivity than a “professional&# desk with an ergonomic chair. Don’t let it happen to you. But I was wrong.

Silicon Valley 205

Silicon Valley RSS Lean Agile 205

Startup Lessons Learned

MARCH 13, 2009

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.

San Francisco 168

San Francisco PR Lean Early Stage 168

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. But in fact, most startups need to keep their burn rate low more [.] Who would have known?

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

Mucker Lab

MARCH 8, 2016

We’ve written code, launched products, acquired users, managed P&Ls, and lost sleep over making payroll. How can we tell founders to stay lean, keep focused on their customers, and keep burn rates low if we cannot walk the talk and eat our own dog food? We’ve ridden the ups and downs of economic cycles. The underdogs.

Burn Rate 60

Burn Rate Limited Partner Bootstrapping Portfolio 60

Startup Lessons Learned

MAY 15, 2020

It's never selfish to hire. 16:25) Be aware of what's happening in the marketing of your products, learn everything you can about what's going on in your industry to set your company up for the future. (18:56) People like your product." I said, "Hire people. Hire them to do whatever you can find them to do."

Dallas 68

Dallas Employee Government Social Media 68

www.chubbybrain.com

SEPTEMBER 28, 2011

But none of them matter if the product is harder to use, since most people simply won’t care enough or get enough benefit from long-term features if a shorter-term alternative is available. deprecated the old feature-complete product (ACS 3.4) before finishing the new product (ACS 4.x); During this year they.

Software Review 79

Software Review Startup Technical Review Vesting 79

Up and Running

OCTOBER 1, 2014

Their latest product, Statdragon, launched just last week. 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. How do you balance it all? ” Diverse perspectives lead to innovation.

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

The Startup Toolkit

JUNE 27, 2012

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. 3] I mean organisational scale rather than technical scale — hiring, funding, advertising, etc.

Burn Rate 35

Burn Rate PR Campaign Hiring 35