Steve Blank

MARCH 17, 2020

The ripple and feedback effect of all of these closures will have a major impact on our economy, as each industry that gets impacted puts people out of work, and those laid off workers don’t buy products and services. The questions every startup or small business CEO needs to ask now are: What’s my Burn Rate and Runway?

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

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. I can’t tell you how many people have thanked me for this advice and say their productivity increased exponentially. They can show the projections on what this does to burn rate.

Operations 150

Operations Metrics Early Stage Non-Compete 150

Feld Thoughts

NOVEMBER 18, 2013

They close on the $750k, hire a buddy or two, buy some Macs, and get to work. ASC starts building product, but as they get into the thick of it, the team realizes executing on their vision is going to be extremely hard. No updates, screen comps, or metrics have been publicly shared yet. Heads down on product, they say.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

crowdSPRING Blog

OCTOBER 24, 2014

Benchmarking SaaS Startup Efficiency with Revenue per Employee Metrics | by @ttunguz – crowdspring.co/1sRVdjm. Why You Should Find Product-Market Fit Before Sniffing Around For Venture Money | Co.Labs – crowdspring.co/1sRVsv5. What is the Right Burn Rate at a Startup Company? | by @msuster – crowdspring.co/1qKWc0z.

Social Media 95

Social Media Small Business Design Media 95

ReadWriteStart

JULY 9, 2023

They impact fundraising, hiring, intellectual property rights and patents, and many more things around starting and running a business. You can hire a lawyer or consult with one from time to time, but knowing the legal side of venture investment and running a company is essential. Metrics A business should be measurable.

Intellectual Property 122

Intellectual Property Startup Burn Rate Metrics 122

Up and Running

SEPTEMBER 17, 2014

There’s no excuse for not knowing how much money you are taking in, or how many people have purchased your product. That’s why we asked nine members from Young Entrepreneur Council (YEC) what metrics all founders should be aware of — always. No Specific Metric. Here’s what they had to say: 1.

Metrics 146

Metrics Burn Rate Entrepreneur Forecast 146

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”). Bottlenecks to team productivity.

Startup 404

Startup Lean Metrics Matching 404

View from Seed

OCTOBER 15, 2014

Include both positives and negatives for a more productive board conversation, which is especially critical in the seed stage since nearly everything is in “figure it out” mode. The Challenges/Setbacks section should be completely transparent to set up a candid, productive discussion. Section 4: Product Roadmap.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

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

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). Were talking PayPal -sized variations.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

The Equity Kicker

JULY 16, 2015

Companies with lots of cash sometimes add people more quickly, but that drives the burn rate up, often without a compensating increase in the chance of success. First iteration of the product vision. The key activities at this point are: Develop version one of the product – strong enough to scale.

eCommerce 60

eCommerce Burn Rate Early Stage Hiring 60

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

Mucker Lab

MARCH 8, 2016

We’ve written code, launched products, acquired users, managed P&Ls, and lost sleep over making payroll. Every week, we speak with entrepreneurs who feel like they have solid metrics and growth, but they see other founders effortlessly raise millions of dollars with nothing more than an impressive PowerPoint deck. We understand.

Burn Rate 60

Burn Rate Limited Partner Bootstrapping Portfolio 60

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. Layoffs have also become more prevalent.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Up and Running

OCTOBER 1, 2014

Their latest product, Statdragon, launched just last week. 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. You can check out further details here. .

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

K9 Ventures

MAY 28, 2015

When a startup is just getting started it first needs to build its product/service. Often before that it needs to build the team that will then help to build the product/service. If you’re selling a product that costs six figures or seven figures, then obviously your thresholds may be very different. >$0/month.

Revenue 48

Revenue Startup Burn Rate Cofounder 48