Steve Blank

MARCH 17, 2020

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. Burn Rate and Runway. “Winter is coming.”.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

ReadWriteStart

JULY 9, 2023

Startups are romanticized, and sometimes it’s misleading for people who want to launch their own company. Mostly, stories about startups revolve around dropping out of university, from zero to hero narratives, and other quite fairytale-like ideas. A newcomer to the startup market may simply have no idea about all the nuances.

Intellectual Property 122

Intellectual Property Startup Burn Rate Metrics 122

crowdSPRING Blog

OCTOBER 24, 2014

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! 10 Best Practices For Email Marketing For Small Business and Startups – crowdspring.co/1t8KeUm. Small Business and Startups: Number One Leadership Skill – crowdspring.co/1CKROUS.

Social Media 95

Social Media Small Business Design Media 95

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. While his book goes well beyond controlling waste as an element of growth and success, I was struck by how relevant the waste points are for every startup and every small business.

Startup 404

Startup Lean Metrics Matching 404

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

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. Three months in, the burn is now at $70k/month. In startup time, that feels like forever.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

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. Cash is the life-blood of any startup, and you should always have a pulse on how much of it you have left and how long it’s going to last. No Specific Metric. Cash on Hand.

Metrics 146

Metrics Burn Rate Entrepreneur Forecast 146

View from Seed

OCTOBER 15, 2014

Over the summer, based on feedback from our portfolio and the broader startup community, NextView created pre-formatted board deck templates for seed-stage startups — part of our Growth Guides series. Team: Hires, fires, departures, responsibility changes, major promotions, and your org chart.

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. Bring in an expert CEO with outstanding business credentials and startup experience to focus on relentless execution. Departments were built and were even metrics-driven.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150

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

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

K9 Ventures

MAY 28, 2015

When a startup is just getting started it first needs to build its product/service. And in order to do that they need to either raise capital to be able to hire a team by paying them real dollars or recruit co-founders who are willing to share the journey based on the equity stake and bootstrap the company. >$0/month. 100K/month.

Revenue 48

Revenue Startup Burn Rate Cofounder 48

abovethecrowd.com

APRIL 20, 2016

In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 “ The Age of the Unicorns ” noting — “Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists.” Next came Rolfe Winkler’s deep dive “ Highly Valued Startup Zenefits Runs Into Turbulence. ”

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Mucker Lab

MARCH 8, 2016

To use a startup fundraising analogy, our first fund was a small friends and family round; our second fund was a seed round that allowed us to validate the core hypotheses of our business; and Mucker III is our Series A. The ones who would rather hire a sales guy than spend money on flavored morning lattes. We understand.

Burn Rate 60

Burn Rate Limited Partner Bootstrapping Portfolio 60

The Equity Kicker

JULY 16, 2015

What follows is a generalised model for startup team building. 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. Start tracking key metrics and build a company dashboard. Develop brand values and core messaging.

eCommerce 60

eCommerce Burn Rate Early Stage Hiring 60

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. 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.

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107