Startup Professionals Musings

AUGUST 19, 2020

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Buffer your projected resource requirements.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Hearpreneur

SEPTEMBER 9, 2020

Being in love with your business, when you’re an entrepreneur, is even better. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality. We asked some entrepreneurs what they loved about “being their own boss.”. #1-

Entrepreneur 146

Entrepreneur Jordan Technical Review Green 146

Hearpreneur

NOVEMBER 29, 2020

Being in love with your business, when you’re an entrepreneur, is even better. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality. We asked some entrepreneurs what they loved about “being their own boss.”. #1-

Entrepreneur 140

Entrepreneur Artificial Inteligence Technical Review LLC 140

Steve Blank

SEPTEMBER 7, 2009

Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. Blame it On Marketing In the next 3-6 months, a new VP of Sales is hired.

Customer Development 224

Customer Development Developer Customer Silicon Valley 224

Both Sides of the Table

OCTOBER 12, 2010

Even if you don’t have “direct&# sales I would tell you that “everything is a sale&# including fund raising, hiring, getting press and doing business development. One of the biggest mistakes I see early-stage startups making is hiring “seasoned&# sales professionals or hiring people too senior, too early.

Hiring 346

Hiring Sales Startup Early Stage 346

David Teten

JULY 9, 2012

We are thus more likely to befriend those people, we are more likely to develop strong ties to them, and even eventually to marry one of those people. [1] Often, when startup founders first assemble teams, they hire familiar people – either people they know, or people like them.

Hiring 138

Hiring Technical Review Affiliate Audience 138

David Teten

JULY 9, 2012

We are thus more likely to befriend those people, we are more likely to develop strong ties to them, and even eventually to marry one of those people. [1] Often, when startup founders first assemble teams, they hire familiar people – either people they know, or people like them.

Hiring 128

Hiring Technical Review Affiliate Audience 128

YoungUpstarts

JULY 30, 2019

So, what you do now is that you basically approach a development company, you put up your requirements to them and then after discussions the company promises you to deliver the app one year later. So, after two weeks, you’ll give the product its increment which is basically turning it out into a potentially shippable product.

SCRUM 113

SCRUM Software Review Hiring Agile 113

The Next Web

MARCH 6, 2014

To find out, I ask 12 founders from YEC the following: How can I get my business development team and my tech team to work more harmoniously with each other? Because they have two totally different roles, the business development team and the tech team often don’t understand each other’s hurdles and objectives very well. Build Trust.

Technical Review 129

Technical Review Development Team Review Developer Agile 129

Startup Lessons Learned

JULY 5, 2010

I believe it is the best introduction to Customer Development you can buy. As all of you know, Steve Blank is the progenitor of Customer Development and author of The Four Steps to the Epiphany. The Entrepreneur’s Guide is an easy read. You can imagine how well that worked. I think theyve succeeded.

Customer Development 166

Customer Development Developer San Francisco Customer 166

Startup Professionals Musings

SEPTEMBER 29, 2018

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Buffer your projected resource requirements.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

Startup Professionals Musings

JANUARY 2, 2019

Most of you aspiring entrepreneurs have no idea how dramatically your own role has to evolve as you develop a solution, start a business, and expect it to scale into a successful self-managed company. Thus my job as a small business advisor really is really more about getting you developed than perfecting the business.

Leadership 248

Leadership Technical Review Cofounder Social Media 248

Hearpreneur

APRIL 13, 2022

We asked entrepreneurs and business owners who are their favorite disruptors and here are the responses; #1- Elon Musk. Thanks to Fletcher Wimbush, The Hire Talent ! #2- One of the most important lessons entrepreneurs can learn from Dropbox is to adopt the lean start-up methodology and start. Photo Credit: Fletcher Wimbush.

Artificial Inteligence 77

Artificial Inteligence Entrepreneur Technical Review Software Review 77

ConversionXL

SEPTEMBER 6, 2013

This is a customer development problem. By the end of this article, you should have a better understanding of how to develop new products or tweak your existing offerings by working with existing or prospective customers to incorporate their feedback to create viable solutions to their problems, and clearly communicate their value.

Customer Development 126

Customer Development Conversion Developer Customer 126

Hearpreneur

JANUARY 26, 2022

Here's what entrepreneurs predict for business in 2022. #1- Prezi hired the former director of product from Pixar to build a more cinematic video meeting experience. COVID-19 saw several changes, particularly in the area of telephonic development. Companies will also be able to simplify product.

Software Review 123

Software Review Technical Review Artificial Inteligence Entrepreneur 123

The Startup Magazine

JUNE 17, 2021

Accomplished entrepreneurs often pride themselves on being able to spot a gap in the market from a mile away. The journey to success often requires consistent self-development, an area that an advanced qualification can help you thrive. This is a factor that can be improved upon through the lens of education.

Analytics 173

Analytics Technical Review Social Media Software Review 173

YoungUpstarts

APRIL 17, 2018

As a new entrepreneur or business owner, the most important thing you will do is hire talent. Hiring = Sales. Robert Metcalfe, co-founder and CEO of 3Com, says you need to think about it as “recruiting, not hiring”. What does the right hire look like? Know When To Hire. Make Time For Hiring.

Cofounder 164

Cofounder Elevator Pitch Hiring Dividend 164

Steve Blank

SEPTEMBER 5, 2018

He just hired Meg Whitman. Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. the ex-CEO of HP and eBay, as CEO of NewTV. And it may work. The result?

Lean 335

Lean Burn Rate Startup IPO 335

YoungUpstarts

JULY 16, 2019

Without producing physical goods, every entrepreneur now can succeed in selling other manufacturers’ products online. Have you developed any vision of a product development strategy? Develop a software solution. Discuss the suitable tools with your development team. What slogan do you see there?

eCommerce 113

eCommerce Software Developers Software Development Hosting 113

Startup Lessons Learned

MARCH 16, 2009

Lessons Learned by Eric Ries Monday, March 16, 2009 Combining agile development with customer development Today I read an excellent blog post that I just had to share. In most agile development systems, there is a notion of the "product backlog" a prioritized list of what software is most valuable to be developed next.

Agile 111

Agile Customer Development Developer San Francisco 111

Up and Running

SEPTEMBER 11, 2020

It may sound counterintuitive, but in an attempt to save money and keep their company afloat, many entrepreneurs have actually ended up misspending their funds. Not putting resources into staff development. When a team isn’t meeting goals, some companies hire a third-party expert to fix the problem. Think about it.

Cost 150

Cost Technical Review Salary Social Media 150

YoungUpstarts

OCTOBER 19, 2017

by Steve Owens, Founder and CTO of Finish Line Product Development Services. Instead of the “entrepreneur that knows what the market wants”, we move to the “entrepreneur that knows how to discover what the market wants”. Reducing product turn time. Extending the runway. The Lean Start-Up Environment.

Product Development 153

Product Development Lean Developer Product 153

View from Seed

MARCH 24, 2021

” Below are our favorite pieces from the past few years, divided in to a few key categories: fundraising, company building, product development, industry trends, and the life of a VC. 7 Common Mistakes Entrepreneurs Make in VC Pitches and How to Fix Them “Different partners in a VC firm are different.

Seed Stage 177

Seed Stage Hiring IPO Analytics 177

Both Sides of the Table

DECEMBER 16, 2009

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. They spot opportunities that aren’t being met and the design products to meet these needs. We couldn’t cut product development (we had 23 people!)

Entrepreneur 306

Entrepreneur Burn Rate Cofounder Sales 306

Startup Lessons Learned

SEPTEMBER 7, 2008

Lessons Learned by Eric Ries Sunday, September 7, 2008 Customer Development Engineering Yesterday, I had the opportunity to guest lecture again in Steve Blank s entrepreneurship class at the Berkeley-Columbia executive MBA program. Ive attempted to embed the relevant slides below. Talk about waste.

Customer Development 131

Customer Development Engineer San Francisco Developer 131

Startup Professionals Musings

JULY 3, 2012

The challenges stem from the simple fact that every entrepreneur is starting something new, where things are predictably unpredictable. There are unknowns at every turn, leading product development, attracting customers, managing cash, and dealing with human resources and office politics.

Advisory Board 240

Advisory Board Forecast Early Stage Product Development 240

Startup Professionals Musings

MARCH 4, 2016

The good news is that everyone expects entrepreneurs to make mistakes, since founders explore uncharted territory. Every business takes time to scale and penetrate a market due to organizational growth, hiring, training, brand building and customer adoption. Hire helpers in lieu of people who are smarter than you.

Intellectual Property 120

Intellectual Property Startup Forecast Angel Investor 120

Startup Lessons Learned

NOVEMBER 8, 2008

Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customer development? When we build products, we use a methodology. Steve Blank has devoted many years now to trying to answer that question, with a theory he calls Customer Development. a roadmap for how to get to Product/Market Fit." Heres the catch.

Customer Development 168

Customer Development Developer San Francisco Customer 168

David Teten

OCTOBER 1, 2015

But, you need to build that first product right. 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. So, can an entrepreneur pair up with a dev shop?

Software Developers 60

Software Developers Software Development Software Developer 60

YoungUpstarts

MAY 3, 2017

Every entrepreneur knows this — at least in theory. From product development to market research, many startups are one-person operations in their early days. If you’re a first-time entrepreneur, I’m willing to bet you work longer hours than necessary trying to manage easily outsourced tasks. The result?

Technical Review 113

Technical Review Management Arizona Software Review 113

Hearpreneur

DECEMBER 24, 2017

In the last few days of 2017, we took some time to ask a few entrepreneurs and business what their biggest business accomplishments were. #1- 4- Hiring amazing team. At Cave, our biggest accomplishment this year was hiring impressive new people. The end of every year is the opportunity reflect on a 365 day journey.

Las Vegas 88

Las Vegas Entrepreneur Software Review Community 88

Startup Professionals Musings

APRIL 20, 2011

The challenges stem from the simple fact that every entrepreneur is starting something new, where things are predictably unpredictable. There are unknowns at every turn, leading product development, attracting customers, managing cash, and dealing with human resources and office politics.

Advisory Board 232

Advisory Board Startup Forecast Early Stage 232

Startup Lessons Learned

JANUARY 19, 2009

Lessons Learned by Eric Ries Monday, January 19, 2009 Lean hiring tips In preparing for the strategy series panel this week, I have been doing some thinking about costs. And all of that cost was caused by one activity: hiring. Hiring is no different from any other company process. Sounds a little abstract, though, doesnt it?

Lean 140

Lean Hiring San Francisco Continuous Deployment 140

Gust

APRIL 27, 2014

Software Development Process via Wikipedia. I’m continually amazed at the number of entrepreneurs who go for months into a new business without really keeping a formal record of money spent or assets acquired. Develop your business plan. Product development process. Manage human resources.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Startup Professionals Musings

SEPTEMBER 14, 2016

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Buffer your projected resource requirements.

Burn Rate 120

Burn Rate Hockey Stick Startup Salary 120

Startup Professionals Musings

MAY 30, 2022

Early-stage entrepreneurs rightly keep their focus on creating an innovative product or service. That’s where I see too much entrepreneur burnout, growth plateaus, and founders being replaced, to their chagrin. Of course, not every entrepreneur wants to tackle this challenge. Hire more help than helpers.

Mezzanine 368

Mezzanine Private Equity Bandwidth Metrics 368

Mucker Lab

MAY 28, 2020

Some entrepreneurs think that (more) money will solve all their company’s problems. Like a teenager with a million-dollar allowance and an identity crisis, a startup with too much capital and no product-market fit will become capable of making larger mistakes. Hire the wrong people. Be trigger shy about hiring.

Startup 78

Startup Cofounder Burn Rate Technical Review 78