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Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling (runway). Investors also look at your burn rate to see how efficient and effective you are at running the business. For obvious reasons, you need to keep your burn rate low.

Burn Rate 232
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High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling (runway). Investors look at your burn rate to see how efficient and effective you are at running the business. For obvious reasons, you need to keep your burn rate low.

Burn Rate 231
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Don’t Get Burned By Your Startup Burn Rate

Startup Professionals Musings

Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling. Investors look at your burn rate to see how efficient and effective you are at running the business. For obvious reasons, you need to keep your burn rate low.

Burn Rate 120
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Is the Lean Startup Dead?

Steve Blank

He just hired Meg Whitman. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money. the ex-CEO of HP and eBay, as CEO of NewTV. Then one day it was over.

Lean 335
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Startup Sales – Why Hiring Seasoned Reps May Not Work

Both Sides of the Table

Even if you don’t have “direct&# sales I would tell you that “everything is a sale&# including fund raising, hiring, getting press and doing business development. One of the biggest mistakes I see early-stage startups making is hiring “seasoned&# sales professionals or hiring people too senior, too early.

Hiring 346
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Startup Grind Turns the Tables on Mark Suster

Both Sides of the Table

You’re two guys in a garage, two guys across campus trying to make a name for yourself. But the current company he’s created, which I won’t name – he just knows it’s not going to be a $1 billion company. Should I hire or not hire this person? We’re not hiring now. Where do you start?

Cofounder 337
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How much does it cost to build the world’s hottest startups?

The Next Web

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. Of course, if you’re hiring an agency, you’re probably looking at 1.5 4) WhatsApp. million plus overhead.

Cost 168