VC Cafe
JULY 26, 2020
Ditch the business plan and when assumptions are proven wrong, pivot Customer Development: Build a product your customers want (vs. what you think they might need) by talking to customers and testing every aspect of the product features, pricing, etc. Capital resources alone don’t do the trick.
Both Sides of the Table
MAY 1, 2014
The second is that the retailers were constrained by their high costs of local real estate and service staff relative to the costs of centralized warehouses where goods could be stacked high, sorted by robots, managed by RFIDs and then shipped via overnight to eager, cost-conscious customers across the US.
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View from Seed
OCTOBER 22, 2015
It doesn’t need to be extremely granular with all the minutiae of your expenses, but since employees are most often the overwhelming cost-drivers — and there aren’t too many early on in a company’s life — it’s prudent to build the expense lines on an employee by employee basis. The post How Much Seed Capital Should You Actually Raise?
Steve Blank
MAY 9, 2017
In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. Yet time after time, after the product shipped, startups would find that customers didn’t use or want most of the features. Founders Need to Run the Company Longer.
Steve Blank
NOVEMBER 24, 2010
In the past, the time to build a first product release was measured in months or even years as startups executed the founder’s vision of what customers wanted. Yet time after time, after the product shipped, startups would find that customers didn’t use or want most of the features. The New Structure of the Venture Capital industry.
YoungUpstarts
JULY 31, 2019
Of course, a certain amount of initial capital without financial performance is absolutely necessary to get a business off the ground, especially in regulated industries. Founders need seed capital to get their operations up and running, and to begin generating revenue.
The Startup Magazine
MAY 7, 2024
Lastly, note that using free crowdfunding sites provides an excellent cost-effective solution compared to seed capital or personal loans with high-interest rates. Whether it be medical expenses, education costs, or catastrophe relief funds , GoFundMe serves as an ideal platform for personal or charitable campaigns.
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