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

VC Cafe

JULY 26, 2020

VC’s were no longer insisting that startups spend faster, and “swing for the fences”. In fact, they were screaming at them to dramatically reduce their burn rates. It was a nuclear winter for startup capital.” ” Steve Blank, “Is the lean startup dead?” Maximum Viable Product.

Lean 214

Lean Seed Capital Startup Burn Rate 214

Up and Running

APRIL 27, 2020

Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. One thing that doesn’t typically end during a financial crisis, is investors looking to fund startups and small businesses.

Software Review 113

Software Review Lean Forecast Business Plan 113

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. Now the company is in crisis mode.

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Customer Development Developer Customer Silicon Valley 224

crowdSPRING Blog

SEPTEMBER 19, 2014

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Are startup burn rates out of control? Hiring startup engineers? Busting the Lean-Startup Myth – crowdspring.co/1ozOXHA.

Social Media 94

Social Media Small Business Design Media 94

Both Sides of the Table

NOVEMBER 3, 2009

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. Why do VC’s care about these years?

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Startup Professionals Musings

DECEMBER 15, 2014

In my experience, that’s actually the worst way to start, for reasons I will outline here, and also the least common way, according to an authoritative survey of new startups. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

Bootstrapping 276

Bootstrapping Entrepreneur Startup Burn Rate 276

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. Over its lifetime a Lean Startup may spend less money than a traditional startup. Lets see why.

Lean 244

Lean Silicon Valley Startup RSS 244

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. In startup time, that feels like forever. One of them used to be a lead developer at [insert hot consumer tech company here]. The plan would have to get way tighter, way faster.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Feld Thoughts

SEPTEMBER 16, 2011

Dick is focusing his effort on getting some early customer validation and is using a Lean Startup approach. This resulted in an annualized burn rate more in the neighborhood of $55,200 ($4,600 * 12). Once these were up Dick launched several AdWords campaigns to test customer interest.

Balance Sheet 125

Balance Sheet Fractional CTO Burn Rate Salary 125

Startup Professionals Musings

JUNE 28, 2013

In my experience, that’s actually the worst way to start, for reasons I will outline here, and also the least common way, according to a recent survey of new startups. Based on the latest Startup Environment Index from the Kauffman Foundation and LegalZoom, personal money, or bootstrapping, continued to be the primary startup funding in 2012.

Startup 264

Startup Burn Rate Bootstrapping Valuation 264

Startup Professionals Musings

JUNE 18, 2012

Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Facilities and staff.

Cost 255

Cost Burn Rate SEM Startup 255

Startup Professionals Musings

OCTOBER 25, 2012

In a startup, that luxury isn’t possible, so the work suffers. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. Executives have perks. There is a difference.

Burn Rate 233

Burn Rate Startup Salary Lean 233

Startup Professionals Musings

AUGUST 4, 2011

In a startup, that luxury isn’t possible, so the work suffers. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. Executives have perks. There is a difference.

Startup 258

Startup Burn Rate Salary Lean 258

Gust

DECEMBER 7, 2014

In my experience, that’s actually the worst way to start, for reasons I will outline here, and also the least common way, according to an authoritative survey of new startups. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

Bootstrapping 191

Bootstrapping Entrepreneur Startup Burn Rate 191

Startup Professionals Musings

DECEMBER 9, 2013

In a startup, that luxury isn’t possible, so the work suffers. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. business corporate perks entrepreneur startup vision'

Entrepreneur 239

Entrepreneur Burn Rate Salary Lean 239

The Equity Kicker

AUGUST 13, 2015

As with weight, burn rates are very easy to increase but take large amounts of discipline and suffering to decrease. It sounds trite to say ‘don’t get fat, stay lean’ but it’s harder for companies to stay lean than you might think. I love the analogy.

Burn Rate 60

Burn Rate Lean Employee Startup 60

Gust

JUNE 10, 2012

Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Facilities and staff.

Cost 139

Cost Burn Rate SEM Startup 139

Startup Professionals Musings

FEBRUARY 15, 2011

Even for low-tech startups, the scope of information available on the Internet, and its global reach, has had a similar financial impact on the many other challenges facing every startup founder. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Facilities and staff.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Gust

DECEMBER 1, 2013

In a startup, that luxury isn’t possible, so the work suffers. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. Invested Interests corporate perks entrepreneur startup'

Entrepreneur 182

Entrepreneur Burn Rate Salary Lean 182

Startup Professionals Musings

JULY 4, 2010

In a startup, that luxury isn’t possible, so the work suffers. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. Executives have perks. There is a difference. Marty Zwilling.

Entrepreneur 230

Entrepreneur Burn Rate Salary Lean 230

Both Sides of the Table

APRIL 23, 2011

Startup after Iron Planet? (6:00 Yes an online video startup in ‘99 that helped large media companies encode and distribute their videos through portals. What gets you interested in a startup? (16:35-19:35). The entrepreneur’s story and what brought them to their startup business. 6:00 – 7:30). 16:35-19:35). 22:00-33:00).

Vertical 265

Vertical Curation Boston Burn Rate 265

BeyondVC

DECEMBER 10, 2009

Financial models for startups are important from a big picture perspective, but I never like to get mired in the full details as things always change in the early stages. The other day I met with an entrepreneur I was advising as he prepared to raise his next round of funding.

Churn Rate 112

Churn Rate Burn Rate Startup Metrics 112

Austin Startup

NOVEMBER 11, 2017

After spending 4 months accelerating my startup at Techstars , I realized that what most of tech startups are selling is an experience. Evolution of the press release page seen by reporters Lesson 4: Cut your burn rate as quickly as you can Burn rate is essentially the rate at which your company is “burning” through its available cash.

Burn Rate 54

Burn Rate Product Cofounder PR 54

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. This is our third fund, which might make us seem like grumpy, rich, old VCs.

Burn Rate 60

Burn Rate Limited Partner Bootstrapping Portfolio 60

Steve Blank

SEPTEMBER 17, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development. This post describes a solution – the Customer Development Model.

Customer Development 242

Customer Development Developer Customer Silicon Valley 242

Startup Lessons Learned

JULY 6, 2020

What was it like to tell them, "Hey, we're putting our whole startup on hold and we're just going to do nothing but COVID relief now." I think once we lean on the community, the community really has uplifted us to an even more promising stage. Alpha Lee : They have been overwhelmingly supportive. Alpha Lee : They were great.

Artificial Inteligence 60

Artificial Inteligence Open Source Cofounder Design 60

Up and Running

OCTOBER 1, 2014

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. And this isn’t just for your business, but as many startup founders know, your personal finances can matter just as much (especially if you aren’t profitable yet).

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

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. In lean times, it’s most important to focus on cutting costs in ways that speed you up, not slow you down. What counts as an iteration?

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

Steve Blank

MAY 15, 2009

Signs of Success One of the things you do right in a startup, is you move from one cheap and cramped building to another as you grow, with desks, cubicles and engineers piled cheek to jowl. We’re no longer a small struggling startup. You can stop working like a startup and start working like a big company.”

Silicon Valley 205

Silicon Valley RSS Lean Agile 205

techcrunch.com

FEBRUARY 26, 2013

A lot of VCs, especially those from the more financially oriented firms, do more harm to startups than good when they get themselves on company boards without ever having built a company themselves, or seeing one from the inside. Real experience working in startups sensitizes a board member to these realities of startup life.

Burn Rate 87

Burn Rate Hiring Engineer Entrepreneur 87

The Startup Toolkit

JUNE 27, 2012

Premature scaling is the #1 killer of startups[1][2]. 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. 2] Data via the startup genome project. [3] But never scaling[3] will also kill you.

Burn Rate 35

Burn Rate PR Campaign Hiring 35

Startup Lessons Learned

MAY 15, 2020

You really have to lean in and say, "Okay. To talk to other manufacturers and say, "Why don't we organize together and release information about what our daily production is, what our daily deliveries are, what our order rates are, so we reflect demand. So even in these dark days you have to be opportunistic. You can't fall back.

Dallas 68

Dallas Employee Government Social Media 68

Steve Blank

APRIL 20, 2009

This wave of 1950′s/’60′s startups (Watkins-Johnson, Varian, Huggins Labs, MEC, Stewart Engineering, etc.) military by other new startups; Sylvania Electronics Defense Laboratory, Granger Associates, Philco, Dalmo Victor, ESL and Argosystems. You never heard of them because their work was secret.

Silicon Valley 270

Silicon Valley RSS San Francisco Technical Review 270

www.chubbybrain.com

SEPTEMBER 28, 2011

25 Best Startup Failure Post-Mortems of All Time. Update – As a followup, we analyzed all of these startup failure post-mortems to identify the top 20 reasons for startup failure. Also worth a read after you review these startup failure post-mortems. Post-Mortem Title : How My Startup Failed.

Software Review 79

Software Review Startup Technical Review Vesting 79

Start Up Blog

JUNE 18, 2014

Startup culture is becoming a big thing in the wider community. Net result is that startup culture hot. And now anyone with a wife connection and a laptop is launching a startup. Burn Rate – used to be a sign that this new business venture wasn’t going so well. But is it really anything new?

Burn Rate 81

Burn Rate Startup Lean .Net 81