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Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. Pay people with equity or future revenue. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only.

Burn Rate 232
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12 ways to get your business development and tech teams on the same page

The Next Web

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. You need to build trust between these teams. This makes people more aware of what their team members are up to and creates more harmony.

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High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. Pay people with equity or future revenue. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only.

Burn Rate 231
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Don’t Get Burned By Your Startup Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. Pay people with equity or future revenue. When I was interviewed for my first startup CEO job, I was expecting a $150,000 salary, but instead was offered an opportunity to contribute $50,000 to the business, and work for equity only.

Burn Rate 120
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Equity-Only CTO and Equity-Only Developers

SoCal CTO

Was it a Startup Founder Developer Gap ? Did they really need a Startup CTO or Developer or both? Did they have a Weak Development Team ? However, when I told him that the level of engagement required from me and the fact that equity-only development was required, he seemed to be a bit offended.

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Guest Post: Staying Innovative as Your Business Grows (Part One)

OnlyOnce

In Part Two, I’ll talk about some of the practices we’re using in our product management and development teams. We all knew if the feature or function that the client was asking for was within the realm of the possible. • We were very, very focused on creating customers and revenue —We were a startup.

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Remote Work in the Time of COVID-19

ReadWriteStart

…suddenly, nearly all technical jobs are remote-jobs, all dev-teams are distributed teams, and virtually all hiring is remote hiring. Cost savings companies experience when they eliminate expensive office rents and the payroll costs associated with the salaries required for people to live in major metro areas.