Steve Blank

SEPTEMBER 5, 2018

Almost overnight the floodgates opened, and risk capital was available at scale from venture capital investors who rushed their startups toward public offerings. First Movers” didn’t understand customer problems or the product features that solved those problems (what we now call product-market fit). IPOs dried up.

Lean 335

Lean Burn Rate Startup IPO 335

The Equity Kicker

JANUARY 10, 2020

Nic is also the author of one of Europe’s most popular venture capital blogs – www.theequitykicker.com. Every good VC looks for the same three things: a great team, a great product, and a large and attractive market. It’s got a big burn rate, it’s too big to pivot, and it goes bust. What are your benchmarks?

Partner 68

Partner Early Stage Portfolio Metrics 68

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. In the first couple of months the focus should be on making sure the idea is valid, requiring the following activities: Development of the company vision and strategy.

eCommerce 60

eCommerce Burn Rate Early Stage Hiring 60