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.

Customer 167

Customer San Francisco Lean Hockey Stick 167

YoungUpstarts

FEBRUARY 28, 2018

by Steve Owens, Founder and CTO of Finish Line Product Development Services. Product Mis-Timed – 13%. No Financing/Investor Interest – 8%. Rule #2: Revenue is your first priority. Rule #2: Revenue is your first priority. In this context, revenue can be an investment as well as sales.

Startup 133

Startup Revenue Product Development Distribution 133

ReadWriteStart

JUNE 29, 2020

It means relying on your own savings and revenue to operate and expand.”. Your data will be ordered and structured into information based on specific niches like engineering and construction, finance, technology, and business. Thus, you must manage your available finances wisely. Implement the “lean startup” philosophy.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Growthink Blog

SEPTEMBER 10, 2012

Given that most startups and small businesses have neither of these, for them attaining traditional bank financing has such a low probability of success that it is rarely even worth the time to pursue. So, where should the creative and committed small business owner go for funding when the banks say no?

SEC 78

SEC Equity Finance Product Development 78

ReadWriteStart

OCTOBER 14, 2010

At today's roundtable we had some intensive discussions around market sizing and its impact on financing. These are areas that may be gaps in the portfolio of large companies, and are perfect for M&A deals in three to five years after building enough validation and $10-$20 million in revenue.

Bootstrapping 114

Bootstrapping Marketing Angel Investor Silicon Valley 114

Steve Blank

JUNE 8, 2009

Execution by Vertical Market As the class progressed, students asked how the activities/functions of a startup; (Sales, Marketing, Business Development, Product Development, etc.) How does product development differ in communications hardware versus enterprise software, etc. would look in each of the verticals.

Vertical 123

Vertical Silicon Valley RSS Marketing 123

Business Plan Blog

OCTOBER 4, 2013

While some investors will be willing to help you build your team, they will not be willing to invest in your startup if you are not willing to distribute responsibility and bring on diversified expertise. Rather, give titles such as VP of Engineering, Product/Technology, Sales, Marketing, Finance, etc. Early Stage.

Part-Time VPE 79

Part-Time VPE Fractional VPE Cofounder CTO Hire 79

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. At this stage, simply list your primary revenue streams and your key expenses. At this stage, simply list your primary revenue streams and your key expenses.

Software Review 74

Software Review Software Delaware Forecast 74

www.readwriteweb.com

OCTOBER 18, 2010

These are areas that may be gaps in the portfolio of large companies, and are perfect for M&A deals in three to five years after building enough validation and $10-$20 million in revenue. So, please note the TAM Analysis is a vitally important aspect of building any financing strategy.

Marketing 52

Marketing Bootstrapping Incubator Angel Investor 52

www.readwriteweb.com

OCTOBER 18, 2010

These are areas that may be gaps in the portfolio of large companies, and are perfect for M&A deals in three to five years after building enough validation and $10-$20 million in revenue. So, please note the TAM Analysis is a vitally important aspect of building any financing strategy.

Marketing 52

Marketing Bootstrapping Incubator Angel Investor 52

Steve Blank

OCTOBER 1, 2009

Sloan realized that the traditional centralized management structures (like General Motors had in 1920) were poor fits for the management of GM’s already diverse product lines. Sloan kept the corporate staff small and focused on policymaking, corporate finance and planning.

Silicon Valley 162

Silicon Valley United States RSS Customer Development 162

Tim Keane

APRIL 24, 2006

The product development cycle was excellent. However, the distribution channel we had planned to use lacked the sophistication ultimately required by the product design, and the manufacturers adoption cycle was insufficient. Reducing risk for the next round of financing yields a higher investment value.

Wisconsin 60

Wisconsin Angel Investor Bootstrapping Venture Capital 60

Duct Tape Marketing

APRIL 27, 2022

Are there ways that you’ve seen local businesses use this in a way that might effectively drive revenue? [19:23] One is, you know, potentially revenue. Not, not just to build numbers, but to do something that might effectively, uh, drive revenue. 19:23] What’s next for businesses on Facebook? [22:24]

Community 67

Community New York Small Business New York City 67

YoungUpstarts

DECEMBER 8, 2015

The Internet has changed the way consumers and enterprises alike research and purchase buy products, and according to McKinsey & Company , this has led the CMO to serve as the “voice of the customer” for their company by helping to identify and meet the needs of a diverse and global customer base. However, this alone is not enough.

Finance 100

Finance Mobile Analytics Distribution 100

maplebutter.com

JANUARY 8, 2013

Or should I launch products and a startup for each of them, focusing on only 1 product at a time? I would focus on one product and set a goal to generate $1M in yearly revenue from it. Do that – nothing else but one product / company / focus and get to $1M in sales with atleast $15% net profit. do something else.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Hearpreneur

SEPTEMBER 25, 2022

Besides the general focus on customer and product development, an entrepreneur should foresee the next moves that will serve to guide him on the right path. Right now our solutions are HR-centric but over the next five years, we plan on scaling our products to IT, Finance, Legal, and other aspects of an organization.

Forecast 129

Forecast Artificial Inteligence Entrepreneur Technical Review 129

Steve Blank

NOVEMBER 21, 2015

In the first 50 years of commerce in the then-new United States, most businesses were general merchants , buying and selling all types of products as exporters, wholesaler, importers, etc. and concentrated on a single part of the supply chain – importing, distribution, wholesale, retail.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

ConversionXL

APRIL 3, 2019

Talk to your finance people: What performance indicators get attention? million; Total revenue: $97.5 Impact of Implementation without testing: Baseline run rate: $100 million per year; Test lift: 10%; Test duration: 12 months; Negative impact: $10 million; Total revenue: $90 million. digital analytics, market research).

Artificial Inteligence 114

Artificial Inteligence Technical Review Metrics SEO 114

www.quora.com

JANUARY 16, 2011

You can argue that the DNA created by Microsoft's over emphasis on distribution (Steve) and development (Bill), has ultimately cost it $50bn or more in lost revenue, market share and market capitalization. Developers have worn the crown for the last 30 or more years in the technology industry - rightly.

Technical Review 51

Technical Review Startup CTO Hire Cofounder 51