Startup Lessons Learned

OCTOBER 20, 2008

Lessons Learned by Eric Ries Monday, October 20, 2008 The engineering managers lament I was inspired to write The product managers lament while meeting with a startup struggling to figure out what had gone wrong with their product development process. This engineering manager is a smart guy, and very experienced.

Software Review 164

Software Review Engineer Management Technical Review 164

YoungUpstarts

JULY 5, 2020

Following its show of strength and economic resilience through its 2008 financial crisis, Canada has proven to be a force to reckon with and a worthy role model to other countries. Low Cost of Doing Business. The cost of starting a business in Canada is 5% lower than what it will cost in the U.S.

Canada 264

Canada North America Intellectual Property Asia 264

Cracking the Code

JANUARY 28, 2008

Monday, January 28, 2008. Happy New Year 2008! The second part of the year has seen a lower flow of blog posts, but part of my 2008 resolutions are to remedy to this shortfall, so be prepared for a strong 2008. Cornerstone on Demand is a fast growing Learning and Talent management company based in Los Angeles.

Software Review 48

Software Review Technical Review Los Angeles Europe 48

Startup Professionals Musings

APRIL 11, 2022

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. Every business needs revenue to provide investor returns and offset costs. It forces you to bridge the gap between idea and execution. Key resources.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Up and Running

MARCH 26, 2020

For small businesses, cash flow management in a crisis is absolutely vital. Here’s a true story, a real-world example, from the last recession: When the big recession hit in 2008, companies with business plans and good business planning process were able to adjust to the drop much more quickly than their competition.

Management 152

Management Forecast SBA Burn Rate 152

Steve Blank

SEPTEMBER 5, 2018

Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios. And if their initial guesses were wrong, they needed a process that would permit them to change early on in the product development process when the cost of changes was small – the famed “pivot”. The result?

Lean 335

Lean Burn Rate Startup IPO 335

YoungUpstarts

AUGUST 27, 2012

The site lets users manage their campaigns, thank donors and even communicate with supporters. Founded by interaction designer Brad Damphousse and software engineer Andrew Ballester, GoFundMe was first conceptualized back in 2008 when both were driven by personal tragedies that led to want to use their talents for good.

San Diego 176

San Diego Colorado Software Engineering Bootstrapping 176

ReadWriteStart

AUGUST 19, 2019

Hard-working management that knows how to bring the best in their employees. It was in the year 2008, after a global recession hit the world, that the first startup revolution began to take shape. As Sanjay Nath, Co-founder and Managing Partner of Blume Ventures, tells YourStory: “ Indian entrepreneurs never lacked imagination.

India 131

India Startup Cofounder Software Review 131

Both Sides of the Table

SEPTEMBER 29, 2009

Bu when you start to worry that the world is ending (as it seemed it was in late 2008 / early 2009) you tend to get worried about large burn rates. While the company continues to perform well it has come at a cost. But imagine a VC that did 12 deals per year in 2006, 2007 & 2008. I only had one board with this problem.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Steve Blank

MARCH 31, 2014

But the world you lead will be much different from the one your professors knew or your predecessors managed. Yet in the face of all this change, traditional firms continue to embrace a management ethos that values efficiency over innovation. To manage these employees companies create metrics to control, measure and reward execution.

Private Equity 329

Private Equity Metrics China Intellectual Property 329

Both Sides of the Table

NOVEMBER 14, 2010

And so it happened that between 2000-2008 I was the biggest buzz kill at dinner parties. It costs less money to start companies so the world should have way more startups.&# I’ve heard the “world is different&# argument in every bubble I’ve ever seen. It was an investment management class. Same with VCs.

Florida 299

Florida Technical Review San Antonio Los Angeles 299

Reid Hoffman

JULY 30, 2020

Data from the Bureau of Labor Statistics shows that during economic downturns like the Dot Com crash and the financial crisis of 2008, more than 100% of net job growth comes from companies that are less than five years old. The series D insured that Linkedin had the capabilities to play both offense and defense in the 2008 crisis.

Hiring 36

Hiring Warrant Software Review Technical Review 36

David Teten

JULY 25, 2011

Advanced risk management : After the crisis of 2008, financial institutions are clamoring to empower their risk management practices via technology solutions that perform better and faster than current offerings, with as little room for human error as possible.

Software Review 114

Software Review New York City Technical Review Due Diligence 114

Startup Lessons Learned

SEPTEMBER 30, 2008

Lessons Learned by Eric Ries Tuesday, September 30, 2008 What does a startup CTO actually do? So what does CTO mean, besides just "technical founder who really cant manage anyone?" I always assumed I wouldnt manage anybody. So I wound up learning the discipline of managing other people. I mean, have you seen other people?

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

YoungUpstarts

MAY 13, 2013

Many businesses are looking to business credit cards to help them fund startup costs when they are first building their business. The best card to look for is one with great rewards, so that it provides capital for you to start your business and also helps cut costs by giving you a little something extra back. “We

Small Business 157

Small Business San Jose San Francisco Software Review 157

Hearpreneur

DECEMBER 29, 2021

As a result of the pandemic, not everyone has managed to hold onto their work. What we offer is a way for employees to feel appreciated at work as well as a way for managers to easily recognize and engage with their employees, both of which are incredibly important in the workplace. #4- Creating more jobs. Photo Credit: Edward Jones.

Entrepreneur 137

Entrepreneur Social Media Employee Los Angeles 137

Board Effect

JANUARY 3, 2020

million to redecorate his office in 2008 while the company lost funds around $27 billion. A 2008 Brookings survey reported that about 33% of Americans lacked confidence in charitable organizations. Social Innovation Review cites an egregious example in John Thain, CEO of Merrill Lynch & Co., a corporate leader who abused his power.

Software Review 89

Software Review Government Salary Portfolio 89

YoungUpstarts

JANUARY 7, 2016

Using some key metrics called Key Performance Indicators, or KPIs, can help to manage and evaluate your company and measure if your service, product, or business provides something to your target market that is new, needed, better, more convenient, or cost-effective. Who is best-suited or most-equipped to act on this information.

Metrics 100

Metrics Management Miami Revenue 100

Startup Lessons Learned

NOVEMBER 7, 2008

Lessons Learned by Eric Ries Friday, November 7, 2008 Using AdWords to assess demand for your new online service, step-by-step If you want to build an online service, and you dont test it with a fake AdWords campaign ahead of time, youre crazy. Just load them all in and choose a low cost-per-click. November 7, 2008 7:36 PM nitesh said.

Demand 167

Demand San Francisco Lean Continuous Deployment 167

Startup Professionals Musings

JULY 13, 2019

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. Every business needs revenue to provide investor returns and offset costs. It forces you to bridge the gap between idea and execution. Key resources.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

Both Sides of the Table

JULY 23, 2014

Lower costs to start a business (95% reduction), many more companies created & funded by angels / seed. Many prominent LPs have also recognized the “prorata opportunity” and have set up “direct investment vehicles” themselves to take prorata stakes in their managers portfolio companies.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

APRIL 20, 2011

In 2008 they raised a much larger fund $132.5 They chose the name First Round Capital because they thought capital would be deployed most efficiently at smaller seed stage rounds considering the cost to build an internet business had come down drastically. During the first year of the fund they took forty-eight trips to California!

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284

YoungUpstarts

MARCH 10, 2017

To manage these new data streams, we are watching new data-focused roles emerging within corporations, such as data analysts, data scientists or data stewards, which are blurring the lines between enterprise data consumers and providers. In fact, according to The Data Warehousing Institute, ‘dirty data’ is costing businesses $600B a year.

Government 113

Government Technical Review Asia Japan 113

Startup Lessons Learned

SEPTEMBER 15, 2008

Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. Very useful perspective - as a first-time CEO managing a small startup, these ideas are timely and thought-provoking. Less is more. No more, no less.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Steve Blank

APRIL 4, 2011

This week, our first team up was PersonalLibraries (the team that had software to help researchers manage, share and reference the thousands of papers in their personal libraries.) Veritas , was the team building a low cost, residential wind turbine that average homeowners could afford. The news from customers was not good.

Customer 240

Customer Business Model Nebraska Cloud 240

Startup Lessons Learned

MAY 19, 2020

This was supposed to be Airbnb's biggest year by many measures, including its IPO, which was one of the most anticipated since the 2008 financial crisis. Then the rolling waves of crisis management as the new reality hit every sector of Airbnb’s business. Raise money and cut costs. The worst decision is no decision.

Management 122

Management Cofounder China IPO 122

ConversionXL

JULY 3, 2020

This explains more: [link] Whether something has a cost doesn't change how our systems work. Experiments run by Dan Smullen , who manages technical SEO for Independent News & Media , demonstrate that Google isn’t biased against paywalled content: Before launching our paywall in February, we implemented a soft wall—a registration wall.

SEO 122

SEO HTML Technical Review Caching 122

Altgate

SEPTEMBER 16, 2010

In some strange way, a big part of his competitive advantage is that he is able to outsource everything and maintain such a low cost structure. where you can leverage some internal “low cost&# time. Having managed a lot of software development both local and offshore, this is a topic I plan to write more on.

Software Review 65

Software Review Offshore Startup Boston 65

Cracking the Code

AUGUST 3, 2011

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day. 1st 2008 with a base value of 100.00 ► 2008. (11). The Bessemer 10 laws of SaaS - Fall 2008 Release. Churchill Club 2008 Top 10 Tech Trends. at 11:03 AM.

Software Review 67

Software Review Europe Technical Review Search 67

Board Effect

MARCH 29, 2019

The financial crisis of 2008 gave shareholders a stronger voice. In simple terms, corporate governance refers to how boards of directors work together to direct and manage corporations. In respect to that, effective boards pursue healthy relationships with senior managers, their peers, and the shareholders or stakeholders.

Technical Review 40

Technical Review Government Technology Software Review 40

Cracking the Code

JANUARY 14, 2014

I hope you will enjoy the read Simple CAC ratio As many companies are finalizing their 2014 financial plan ( feel free to use the Accel template ), I thought it could be a good time to write a short post on the CAC ratio - a simple metric that I defined in a blog post in 2008 (time flies!) 2 year payback) warrants further investments.

Cost 97

Cost Acquisition Customer .Net 97

YoungUpstarts

JUNE 27, 2011

Technology has made many aspects of business more convenient and cost-effective. The initial concept and start-up work for Max-Wellness began in September 2008, at just about the same time as the market started to tank. In October 2008, I called a time-out on my plans for Max-Wellness, but I wasn’t ready to shelve the idea altogether.

Cofounder 124

Cofounder Ohio Florida Technical Review 124

Board Effect

MARCH 11, 2020

Before the recession of 2008, it was generally assumed that higher education institutions were performing well in most, if not every regard. The measurements should provide results that compare to the institution’s goals and also measure increases or decreases in costs to achieve those outcomes.

Metrics 59

Metrics Reputation Technical Review Stock 59

YoungUpstarts

FEBRUARY 16, 2015

Although this might seem difficult, there are plenty of new businesses that have done just that and managed to carve out a place for themselves in what are often saturated markets. Since its launch in 2008, Airbnb has turned the travel industry on its head, offering up over 800,000 properties worldwide for holiday rental.

Las Vegas 100

Las Vegas Technical Review New York Germany 100

Growthink Blog

MARCH 28, 2011

Try this on for size – an analysis of over 300 patents acquired between 2002-2008 found an average price per patent of $383,000 ! They Are “Cleanly” Managed and Run. Companies rich in intellectual property in all its forms – patents, processes, and people – attain purchase offers on factors other than last year’s earnings.

Intellectual Property 109

Intellectual Property Technical Review Forecast Global 109

Up and Running

JUNE 3, 2014

Today in Oklahoma City, Okla, Keith and Cheryl own three separate companies that manage and dispose of a variety of waste, from hazardous and commercial waste, to the treatment of industrial waters and grease trap cleaning. ’” Chuck Herb never planned on owning a waste management company either. No businesses, no trash.

Management 108

Management El Paso Oklahoma Las Vegas 108

thebarefootvc

JUNE 15, 2014

I noted in the blog post that Jugaad is “now an acceptable management technique…and also applies to any kind of creative and out of the box thinking which maximizes resources for a company and its stakeholders”. Resource scarcity leads to innovation — as those of us who have lived and worked in the developing world are acutely aware.

Africa 106

Africa India Bangladesh United States 106