article thumbnail

Is the Lean Startup Dead?

Steve Blank

With fewer than 10 employees but almost $2-billion dollars in the bank, they plan on jumping right in. As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search.

Lean 335
article thumbnail

Lessons Learned: Product development leverage

Startup Lessons Learned

Lessons Learned by Eric Ries Sunday, April 26, 2009 Product development leverage Leverage has once again become a dirty word in the world of finance, and rightly so. But I want to talk about a different kind of leverage, the kind that you can get in product development. Its a key lean startup concept.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Keys To Scaling Your Startup To Be The Next Unicorn

Startup Professionals Musings

Many entrepreneurs never get past their first-stage focus on their innovative product, to scaling the business globally, organizing a structure to handle thousands of employees, and concentrating their focus “on the business” rather than working “in the business.” Switch your focus from product development to sales.

Merger 379
article thumbnail

Four Major Startup Stages That You Should Know About

YoungUpstarts

Product development. Now that you have a refined product idea and a team that can turn this idea into reality, the product development stage will start. Initial product development usually consists of prototyping and MVP. Prototyping usually means the initial working draft of the product idea.

Startup 113
article thumbnail

What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

But startups require money upfront for product development and later to scale. This happens when you either sell your company ( M&A ) or go public (an IPO.) Above all, don’t panic or demoralize your employees. You need at least a 5x return to generate rewards for investors and employee stock options.

article thumbnail

Lessons Learned: Combining agile development with customer development

Startup Lessons Learned

Ever since that time, I have struggled to explain how the feedback loop in customer development should interface with the feedback loop in product development. In a project like that there are lots of big questions that need to be answered in order to build a working product. Thats pretty clear.

Agile 111
article thumbnail

Lessons Learned: A new version of the Joel Test (draft)

Startup Lessons Learned

I am convinced one of Joel Spolskys lasting contributions to the field of managing software teams will turn out to be the Joel Test , a checklist of 12 essential practices that you could use to rate the effectiveness of a software product development team. He wrote it in 2000, and as far as I know has never updated it.