Occam's Razor

JULY 24, 2018

work (collection, processing, reporting, analysis), processes, org structure, governance models, last-mile gaps , metrics ladders of awesomeness , and… so… much… more. Remember, tools, work, processes, org structure, governance models, last-mile gaps, metrics ladders of awesomeness, and… so… much… more. The Implications of Complexity.

Analytics 93

Analytics Framework Metrics Algorithm 93

Hunter Walker

JANUARY 2, 2017

This keeps them aligned with their investors since a $250m exit with modest venture financing raised can be wonderful for all parties, but the same transaction can look awful if your last round was $60m on $300m pre! Next Level: Buying Customers/Revenue/Distribution. ” That’s really it. Was Jet.com “worth” $3b?

Technical Review 115

Technical Review Cap Table Acquisition Startup 115

View from Seed

FEBRUARY 27, 2019

Analytics vs. Finance?—?what’s Analytics is about designing, reporting, and leveraging operating metrics to aid strategic and functional decision-making. Finance is about reporting on historical performance and future planning through the lens of financial metrics. what’s the difference (and what do you need)?

Analytics 149

Analytics Hiring SQL Forecast 149

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Designing startup metrics to drive successful behavior Great companies are almost always run by great management teams. Good metrics should also be actionable, and drive successful behavior. In a follow up post, I will use this technique to walk through the design of a set of metrics for a SaaS company.

Metrics 55

Metrics Design Entrepreneur Startup 55

Steve Blank

MARCH 4, 2014

It describes the product/service, who is it for, what channel sells/deliver it, how demand is created, how does the company make money, etc. They measure their success on metrics that reflect success in execution, and they reward execution. Somewhere in the dim past of the company, it too was a startup searching for a business model.

IRR 335

IRR Startup Business Model Agile 335

Steve Blank

FEBRUARY 25, 2014

a language corporate innovation groups can use to communicate to business units and finance. The Power of the Investment Readiness Level: Different Metrics for Different Industry Segments. Allan May of Life Science Angels modified the standard Investment Readiness Level to include metrics that were specific for medical device startups.

Incubator 316

Incubator Intellectual Property Startup Lean 316

Duct Tape Marketing

FEBRUARY 10, 2022

I, you know, if it doesn't okay, you know, it doesn't work, but I'm gonna give somebody my life and my finances and, you know, trust is gonna be a big deal. You can spend on as a risk without putting you outside of the metric. They do get more complicated as you get larger, but really, uh, revenue recognition is a phrase.

CPA 72

CPA Technical Review Revenue Forecast 72

Version One Ventures

DECEMBER 6, 2018

In other words, you should demonstrate that revenue and/or engagement are repeatable and achievable in a cost-effective manner, and not just a function of pent-up demand from a small segment of underserved customers that will dry up in the near future. . Retention rate: What percentage of users can you retain quarter over quarter?

Acquisition 150

Acquisition Distribution Metrics Retention 150

The Startup Magazine

APRIL 24, 2020

In this blog, we aim to decipher the meaning behind some of the more abstract metrics when it comes to an eCommerce website valuation. but we do cover the rudimentary metrics (along with tips for improving your own site’s value). You basically take the overall revenue from your business (i.e. mailing lists). Traffic sources.

eCommerce 120

eCommerce Valuation B2C Revenue 120

Hearpreneur

FEBRUARY 13, 2022

Omni-channel messaging will become even more crucial as more organizations adopt this strategy, especially during a pandemic. Consumers make purchases through a number of channels, ranging from YouTube to Facebook, making it difficult to categorize their behavior. Thanks to David Wurst, Webcitz ! #4- Photo Credit: Mark Valderrama.

Artificial Inteligence 109

Artificial Inteligence Software Review Technical Review Entrepreneur 109

OnlyOnce

JULY 9, 2013

The book is part of the Startup Revolution series that Brad has been working on for a couple years now, including Do More (Even) Faster , Venture Deals , Startup Communities , and Startup Life (with two more to come, Startup Boards and Startup Metrics). Writing a book is a LOT harder than I expected!

Startup 95

Startup Advisory Board Elevator Pitch Forecast 95

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

Customer 167

Customer San Francisco Lean Hockey Stick 167

YoungUpstarts

FEBRUARY 22, 2016

Many finance and strategy leaders are now being asked to lead and support innovation too, he adds. In fact, 67 percent of senior finance and accounting professionals now support innovation in some fashion versus only 35 percent 10 years ago. Create multiple innovation channels inside your company. Measure it.

Government 100

Government Channel Metrics Portfolio 100

Steve Blank

FEBRUARY 22, 2010

I had been confused for years why I had to update an income statement each board meeting that said zero for 18 months before we had any revenue. What’s the distribution channel? How do we finance the company, etc. Startup Metrics. Startups need different metrics than large companies. Web Metrics. Financials.

Balance Sheet 304

Balance Sheet Startup Burn Rate Metrics 304

Up and Running

JUNE 27, 2018

Base every hiring decision on the value—dollars and cents—that your new hire will add, and don’t do it until your finances can support it. . Define success metrics before your campaign starts, then measure your effectiveness during and after the campaign. Then, work on those that will have a direct effect on your revenue and goals.

Marketing 109

Marketing Social Media Campaign Sales Cycle 109

Steve Blank

DECEMBER 7, 2010

If you’ve read any of my previous posts, you know I believe that: 1) a product is just a part of a startup, but understanding customers, channel, pricing, etc. How does it differ on the web versus other channels? Dave McClure, “Startup Metrics for Pirates”, [link]. Class Lecture/Out of the Building Assignment: What’s a channel?

Wiki 316

Wiki Lean Management Business Model 316

View from Seed

SEPTEMBER 25, 2019

Investors want to know the critical thinking behind the inputs and value-drivers of the business, and how that results in the outputs on the critical metrics and finances. What channels have worked to date and done so cost-efficiently? But the real significance of these figures is the exercise behind it.

Seed Stage 166

Seed Stage Retention Restful Valuation 166

Occam's Razor

AUGUST 9, 2021

Almost all metrics you currently use have one common thread: They are almost all backward-looking. If you want to deepen the influence of data in your organization – and your personal influence – 30% of your analytics efforts should be centered around the use of forward-looking metrics. Predictive metrics!

Metrics 142

Metrics Analytics Campaign Conversion 142

Steve Blank

JANUARY 25, 2010

Or depending on your metrics for success, get users, grow traffic, etc.). What’s the distribution channel. How do we finance the company, etc. When revenue, users, traffic, etc., A business model describes how your company creates, delivers and captures value. How do we price and position the product? Lessons Learned.

Agile 335

Agile Startup Silicon Valley Business Model 335

Cracking the Code

NOVEMBER 10, 2009

Get instrument rated, and trust the 6Cs of Cloud Finance (more.) Forget everything you learned about software channels. The internet is your new channel and Technology Enabled Service providers are among the few partners that actually care if you succeed (more.) SaaS companies use different metrics to calculate renewals.

Software Review 48

Software Review Cloud Technical Review Sales Cycle 48

Occam's Razor

JULY 18, 2011

Email remains an immensely credible and profitable channel, with an immense reach to boot. You must use metrics that are unique to the medium. Your company cross-channel outcomes data. Multi-channel customer purchase behavior, customer lifetime value. Ready for the best email marketing campaign metrics? Outcomes.

Metrics 137

Metrics Campaign Email Marketing 137

VC Cafe

NOVEMBER 2, 2019

One question that keeps coming up when speaking with early stage entrepreneurs when it comes to funding, is what metrics the company needs to hit to raise seed/series A/B etc: What’s a good conversion rate? Investors look beyond top line metrics to assess other important factors. What should our MRR growth be?

B2C 141

B2C Technical Review Startup Retention 141

The Next Web

SEPTEMBER 29, 2013

You’re learning what the metrics that matter are, what your funnel looks like, and what actions you want your prospects to take. You’re tinkering with your marketing and sales channels. What sources of traffic are converting, and which channels are profitable, which aren’t? How it applies to your marketing channels.

Metrics 136

Metrics Cofounder Cram Down Liquidity Event 136

Up and Running

JULY 22, 2019

Be sure to demonstrate its potential by clearly documenting key performance indicators, highlighting key customers, and demonstrating realistic revenue projections. To help investors get an insider view on company growth, it’s important to share meaningful metrics consistently. Then, structure further financing after that.

Canada 78

Canada Early Stage Valuation Finance 78

Austin Startup

FEBRUARY 1, 2018

Or, put another way, great product managers are often the “weird kids” in the MBA program who, while sitting in a finance class, wonder if they should have enrolled in a design school or coding bootcamp instead. (I Other key questions he looks to answer: What metrics did they track to define success? from administration to politik?

Management 85

Management Product Technical Review Software Review 85

Steve Blank

MAY 3, 2011

Last week the teams tested their Revenue Models hypotheses: what are customers willing to pay for? The concept of Partners , took some explanation as some teams confused partners with the Distribution Channel.). Of real interest was their evolving view of their revenue model. All the teams have crossed the Rubicon. .

South Dakota 232

South Dakota Business Model Lean United States 232

ConversionXL

NOVEMBER 17, 2022

Prescriptive analytics The digital analytics metrics you need to know How to use analytics to improve marketing campaigns Define your mission, goals, and KPIs Set key performance indicators (KPIs) to measure marketing performance What to look for in a digital analytics product 9 tools for your digital analytics stack 1.

Analytics 106

Analytics Metrics Channel Campaign 106

ReadWriteStart

OCTOBER 28, 2010

Cristina currently has a couple of large customers in pilot mode, and is starting to show metrics on how much improvement IDES can deliver over existing analytics engines. Then, she can start doing partnerships with fraud management system vendors and use their channels to sell, perhaps. If possible, of course.

Partner 117

Partner Belgium Portugal Bootstrapping 117

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. In the tactics section, list your sales channels and describe how you will be selling your products. Step 5: Get financed. How to Apply for a Federal Tax ID Number.

Software Review 74

Software Review Software Delaware Forecast 74

Growthink Blog

NOVEMBER 29, 2011

2: Identify your key end-game metrics By what date would you like your vision to be achieved? What will your company's annual revenues be at this date? Marketing: What marketing channels allowed you to attract/gain the most customers? Finance: Who funded you along the way? Sell/give it to your employees or children?

Engineer 103

Engineer Entrepreneur Channel Employee 103

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue. The founders.

Founder 274

Founder Technical Review CTO Hire IPO 274

Duct Tape Marketing

APRIL 5, 2016

Analytics or metrics or whatever you choose to call how a business performs can not lie – as long as you ask the right questions and track the right things. Now, no one can tell you what that handful of metrics should be, but when you discover them and focus on them – you’ll have access to the truth about your business. Social Media.

Analytics 28

Analytics Metrics Sales Cycle Finance 28

ConversionXL

AUGUST 4, 2020

Your new boss read that customer experience (CX) improvements can deliver billions in additional revenue. Doing so misses out on the incremental revenue you could be generating, and the big initiatives that do make it to implementation have a lot riding on them. You do CX a disservice if you focus only on metrics like NPS.

SQL 117

SQL Software Review Agile Metrics 117

Occam's Razor

AUGUST 22, 2022

You do the best you can with a marketing campaign (creative, audience, targeting, channels, media plan elements like duration, reach, frequency, media delivery quality elements like AVOC, Viewability, etc.), You can measure seven additional metrics – say for diagnostic purposes -, but there has to be just one Success KPI.

Metrics 105

Metrics Campaign Analytics Framework 105

Austin Startup

SEPTEMBER 17, 2017

You’ll want to get cozy with the numbers all over again based on some history and make decisions on operating spend and on financing strategies. Maybe a desired distribution channel was more costly or less productive than expected. Perhaps a better angle developed to take its place.

Valuation 48

Valuation Forecast Seed Money Business Model 48

Steve Blank

SEPTEMBER 10, 2009

With that implicit assumption, startups hire a VP of Sales with a great rolodex and call on established mainstream companies while marketing creates a brand and buzz to create demand and drive it into the sales channel (web, direct salesforce, etc.) After twelve months Handspring’s revenue was $170 million. End result?

Customer Development 220

Customer Development Developer Customer Silicon Valley 220

Austin Startup

MARCH 26, 2019

They will be your best friend when things go unexpectedly wrong with the channel or when something breaks. More mature DTC brands are finding success with a broad range of marketing channels?—?paid When is the right time to diversify your sales channel mix? And something always breaks.) These add up very quickly.

Technical Review 49

Technical Review Software Review China Acquisition 49