Remove Advisory Board Remove Customer Remove Operations Remove Revenue
article thumbnail

How To Survive The Loss Of A Main Customer

YoungUpstarts

When it occurs, the consequences can be swift and devastating, wreaking potential havoc on a once steady stream of revenue. In the early stages, it isn’t uncommon for businesses to bank their earnings on a handful of customers (or sometimes, just one). Rarely does a customer call it quits without sending some warning signs.

Customer 347
article thumbnail

8 Tips For Quantifying Traction In Your New Venture

Startup Professionals Musings

According to most investors I know, traction is some clear evidence that the “dogs are eating the dog food” – usually meaning that you have at least one customer paying full price for your solution. Another term often mentioned is “momentum,” or growing visibility and advocacy within your customer set.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

In his tenure as CEO of DataSift we have never missed a monthly revenue figure. He has grown our US operations from 1 employee (him) to a global organization of 75 employees that will finish the year with 8-digit revenues (90+% recurring) and more than 350% year-over-year growth. Between Board Meetings. The Agile Board.

article thumbnail

The Traction Gap Framework: Four Pillars Of Startup Success

YoungUpstarts

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. A well-developed product architecture helps a startup to achieve rapid market/product fit by successfully appealing to customers (users). Revenue Architecture.

Framework 127
article thumbnail

The Traction Gap Framework: Four Pillars Of Startup Success

YoungUpstarts

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. A well-developed product architecture helps a startup to achieve rapid market/product fit by successfully appealing to customers (users). Revenue Architecture.

Framework 113
article thumbnail

5 Lessons Every Entrepreneur Should Know

YoungUpstarts

This was never really an issue during normal business operation as I lead the business development, strategy and operations, but by being the “majority partner”, our bylaws gave my former partner power that he used to litigate me into buying the company that I unquestionably dedicated more time and energy building.

CTO Hire 100
article thumbnail

Times Square Strategy Session – Web Startups and Customer Development

Steve Blank

I was in New York last week with my class at Columbia University and several events made me realize that the Customer Development model needs to better describe its fit with web-based businesses. In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers?