Feld Thoughts

article thumbnail

Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

They need to raise money before building anything substantial after determining that they needed a little dough to follow the Lean Startup methodology. No updates, screen comps, or metrics have been publicly shared yet. One of them used to be a lead developer at [insert hot consumer tech company here]. Heads down on product, they say.

Burn Rate 152
article thumbnail

Don’t Try to Fake The Language

Feld Thoughts

It feels like it started with Eric Ries’ great book The Lean Startup when words like MVP and pivot started showing up in all conversations. ” He then goes on to say nothing about what this means, gives no metrics indicating “traction” (whatever that is), and generally stays vague about what the company does.

article thumbnail

The Illusion of Product/Market Fit for SaaS Companies

Feld Thoughts

While ostensibly it’s a post about lean vs. fat startups, it really is about discovering product/market fit and it gives a good history lesson on the thinking circa 2010 on this issue. Ben eventually states, and then explains, four product/market fit myths. This is where myth #3 bops you on the head.

Product 70