Startup Professionals Musings

SEPTEMBER 20, 2021

In today’s fast moving market, the basic product development cost and time are critical to survival. They come at the early stage while a startup has no revenue or valuation, so professional investors are hard to find. Network with potential cofounders and strategic partners.

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Startup Cofounder Incubator Early Stage 397

Up and Running

MAY 15, 2014

When I was going through the co-founder “dating” process, I’d found a potential partner through my network who seemed to be perfect. I knew that there were issues with my potential partner, but I also knew that the company would grow at a slower pace if I had to start the co-founder search from back at square one.

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Partner Cofounder Equity Metrics 113

Startup Professionals Musings

OCTOBER 19, 2015

That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. Outside investors are most interested in scaling a proven business model, not research and development. Most founders bootstrap product development. Fabulous solutions require great technology.

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Technical Review Intellectual Property Cofounder Bootstrapping 120

Feld Thoughts

SEPTEMBER 16, 2011

Since SayAhh is in the pre-launch development stage, the company doesn’t have any revenue yet. They also haven’t launched a product, so there is no corresponding “cost of goods sold” – the direct cost of delivering their product. The default Quickbooks setup uses “Income” to refer to “Revenue”.

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Balance Sheet Fractional CTO Burn Rate Salary 125

YoungUpstarts

AUGUST 30, 2011

93% of startups that scale prematurely never break the $100k revenue per month threshold. Inconsistent startup outsource 4-5 times as much of their product development than consistent startups. No startup that scaled prematurely passed the 100,000 user mark. Inconsistent startups write 3.4 times more code in efficiency stage.

Silicon Valley 189

Silicon Valley Software Review Startup Cofounder 189

YoungUpstarts

MAY 6, 2019

You don’t have a product and most of your meetings will not bring any fruit. You are looking for cofounders that can help you build a product. You have finally found a cofounder that can take care of the startup. Product development. Initial product development usually consists of prototyping and MVP.

Startup 113

Startup Technical Cofounder Merger Early Stage 113

ConversionXL

JANUARY 18, 2022

Product marketing informs strategic positioning and ensures alignment across the company. It partners with sales to close more revenue, informs product teams to deliver better products, and in some cases, co-owns demand generation activities with marketing teams. They rely on each other for success. Image Source.

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Marketing Product Audience Equity 110

David Teten

OCTOBER 1, 2015

On the other side of the equation, there are a growing number of design, development, and digital media shops who are hungry to expand, or swap focus, to building a company that’s more than just a service shop. The founders’ psychology is probably one of the most important contributors to success of the company.”.

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Software Developers Software Development Software Developer 60

Startup Professionals Musings

SEPTEMBER 26, 2018

Others wait until the new business starts to generate revenue and profit before making the move. In my experience as a startup advisor, I find the minimum time to revenue is at least a year. Even the most successful startups can’t sustain founder salaries for the first couple of years. Which is right?

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Salary Cofounder Lean Revenue 383

The Next Web

MARCH 6, 2014

Here’s a problem I bet every non-technical founder has experienced: the communication gap between what the biz dev team wants and what the tech team thinks they want, and vice versa. It’s disruptive, and for founders, very frustrating to watch. Kelsey Meyer , Influence & Co. Their answers are below. Cross Train Members.

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Technical Review Development Team Review Developer Agile 129

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.

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Customer San Francisco Lean Hockey Stick 167

Both Sides of the Table

DECEMBER 16, 2009

We couldn’t cut product development (we had 23 people!) because we had made product commitments to a large customer who was about to agree to a nationwide rollout. On Street Smarts / Working with customers: I had coffee with another startup founder yesterday. Really nice guy and clearly smart.

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Entrepreneur Burn Rate Cofounder Sales 306

www.tangosource.com

MARCH 8, 2012

You are here: Blog > Finding a technical co-founder: Youâ??re Finding a technical co-founder: Youâ??re re trying to create a new product as a non technical person, it might seem easy at first, until you start looking for real technical partners. As a potential technical co-founder, thereâ??s

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Cofounder Founder SEO LLC 48

View from Seed

NOVEMBER 18, 2014

Of the NextView-backed founders have have tried to raise this round, over 70% have done so (compared to a mean success rate in the industry of around 27%, according to some sources ). Higher founder salaries, which some investors view as a sign of being less hungry or aggressive, did not affect how quickly a startup raised its Series A.

Syndicate 333

Syndicate Syndication Seed Stage Startup 333

ReadWriteStart

JULY 12, 2023

CEO and co-founder of InvGate Ariel Gesto says the company will continue to expand this year. Companies can improve their efficiency, productivity, and responsiveness with the aid of these solutions. Companies can reallocate resources back into core business activities and new product development by streamlining IT operations.

United States 121

United States Management Mexico Artificial Inteligence 121

Startup Lessons Learned

SEPTEMBER 15, 2008

The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.

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Lean San Francisco Startup Continuous Deployment 168

Up and Running

JUNE 14, 2017

Some believe in the all-in approach to product development: build an advanced app. The problem was that building out all the features in the premium version would take four to six months and many thousands of dollars in app development that I didn’t have. Such value is centered around market validation and growth potential.

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Technical Review Distribution Redemption Demand 96

Startup Lessons Learned

SEPTEMBER 22, 2008

is an elegant way to model any service-oriented business: Acquisition Activation Retention Referral Revenue We used a very similar scheme at IMVU, although we werent lucky enough to have started with this framework, and so had to derive a lot of it ourselves via trial and error. The AARRR model (hence pirates, get it?)

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Startup Professionals Musings

JUNE 21, 2014

In today’s fast moving market, the basic product development cost and time are critical to survival. They come at the early stage while a startup has no revenue or valuation, so professional investors are hard to find. Network with potential cofounders and strategic partners.

Entrepreneur 246

Entrepreneur Detroit California Cofounder 246

Genuine VC

MARCH 24, 2014

And in seeing that process unfold numerous times, I’ve picked up that there are really four main distinct playbooks which a Founder/CEO can run in the subsequent 12-18 months following a Seed round in preparation for the next round of financing. Generate Real Revenue.

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Seed Capital Metrics Cofounder Revenue 212

Steve Blank

AUGUST 27, 2012

What I saw reminded me of some of the best and worst things I did as a founder. We’re building the wrong product!” Some of the engineers figuring if the founder was declaring they were toast in 90 days were updating their resumes. But like all great founders some of these insights are simply hallucinations.

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Founder Cofounder Advisory Board Burn Rate 316

Startup Lessons Learned

NOVEMBER 8, 2008

Customer development is a parallel process to product development, which means that you dont have to give up on your dream. Our goal in product development is to find the minimum feature set required to get early customers. Instead, we do everything possible to validate the founders belief.

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Customer Development Developer San Francisco Customer 168

A Smart Bear: Startups and Marketing for Geeks

MAY 1, 2012

Sacha demonstrated the benefits of selling many copies of an eBook at a low price, while Jarrod pointed out the advantages of higher prices, bringing in more revenue with 1/6th the number of units sold. This is a choice that every startup founder must make , so I’d like to dig in deeper. maximizing per-unit profitability).

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Customer Revenue Acquisition Cofounder 320

Seeing Both Sides

FEBRUARY 25, 2016

. (this post was originally published in Harvard Business Review and is co-authored with Nadav Benbarak of Okta.). Growing revenue and profits is a core objective of most companies, and it is the responsibility of every function to contribute to the pursuit of this goal.

Management 20

Management Analytics Technical Review Framework 20

Seeing Both Sides

FEBRUARY 25, 2016

. (this post was originally published in Harvard Business Review and is co-authored with Nadav Benbarak of Okta.). Growing revenue and profits is a core objective of most companies, and it is the responsibility of every function to contribute to the pursuit of this goal.

Management 20

Management Analytics Technical Review Framework 20

OnlyOnce

MAY 13, 2021

Each section is be composed of 15-20 discrete short chapters outlining the key “playbooks” for each functional role in the company – Chief People Officer, Chief Financial Officer, Chief Marketing Officer, Chief Revenue Officer, etc.,

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Startup Cofounder Venture Capital Leadership 62

infochachkie.com

SEPTEMBER 24, 2011

For instance, if a consultant proposes to help you with public relations, pay them a commission equivalent to the greater of a flat fee per story placed or a percentage of revenue generated from the PR coverage. Such positions include: PR, Sales, Product Development, Lead Generation, Strategic Planning, Fund Raising, etc.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

Startup Lessons Learned

FEBRUARY 20, 2009

Luckily, I now have the benefit of a forthcoming book, The Principles of Product Development Flow. Labels: five whys root cause analysis , product development 11comments: Peter Severin said. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Interesting post.

San Francisco 161

San Francisco Software Review Continuous Deployment Development Team Review 161

Startup Lessons Learned

NOVEMBER 17, 2008

Strategy - startups first encounter this when they have the beginnings of a product, and theyve achieved some amount of product/market fit. If youre making revenue, you should be finding ways to grow it predictably month-over-month; if youre focused on customer engagement, your product should be getting more sticky, and so on.

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

Startup Lessons Learned

JANUARY 2, 2009

We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. We’d always cringe as we admitted that, no, we really only had a few thousand customers and a few thousand dollars in monthly revenue. Retention cohort analysis. I am chugging along.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

David Teten

OCTOBER 1, 2015

Should you co-found your company with a software development shop? I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. mentor VCs, e.g., most VCs.

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

Duct Tape Marketing

JUNE 4, 2015

However, now that we know that your visitors are looking for these experiences and transforming into brand advocates because of these experiences, we can expect to see results in the sales cycle and in revenue flow. Yana Nirshberg is the Co-Founder, Managing Partner and Creative Director at ParadigmNEXT, Inc.

Web 28

Web Technical Review Sales Cycle Cofounder 28

Startup Lessons Learned

JANUARY 15, 2010

Usually, they are delivering only a fraction of the revenue they promised. Usually, they are delivering only a fraction of the revenue they promised. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Lets return to our team thats failing to hit their targets.

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Hockey Stick San Francisco Entrepreneur Lean 105

Startup Lessons Learned

OCTOBER 23, 2013

Alistair and Ben, co-authors of the book Lean Analytics, will help you sort it out in our next webcast, Lean Analytics for Non-tech Companies. In the Udemy course, Alistair and Ben expand these basics into a description of how to create empathy, stickiness, virality, revenue, and scale. Alistair: There are plenty.

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Analytics Lean Widget Metrics 167

YoungUpstarts

JUNE 27, 2019

Because where is a large proportion of the revenue of coffee producers — say Starbucks, and also Red Bull — coming from? In most cases, I would venture to assert that very few boards, management groups, product development teams and analytics units in most established organizations have those discussions.

Silicon Valley 113

Silicon Valley United States Boston Cofounder 113

Austin Startup

FEBRUARY 21, 2020

That’s the mission driving products like Hemafuse , one of 50 finalists for SXSW Pitch 2020. Carolyn Yarina , Co-Founder and CEO of Sisu Global Health. Yarina, Co-Founder and CEO of Sisu Global, was recently named to the Forbes 30 under 30 list for Healthcare, one of many awards the company has received for its work.

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Baltimore Africa South Africa Michigan 62

Startup Lessons Learned

JUNE 5, 2009

And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable. In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics.

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San Francisco Lean Continuous Deployment Startup 102