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A real Customer Advisory Board

Startup Lessons Learned

Lessons Learned by Eric Ries Monday, October 26, 2009 A real Customer Advisory Board A reader recently asked on a previous post about the technique of having customers periodically produce a “state of the company&# progress report. One example is having a real Customer Advisory Board.

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5 Preconditions for Success in Spawning a New Venture

Startup Professionals Musings

Assemble an engaged new venture advisory board. Don’t let early success dilute your focus, or demand that the new venture quickly meet your mainline financial and growth metrics. If you wait to start until your new venture really needs the money, the project will likely die of starvation.

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10 Business Practices Owners Often Learn The Hard Way

Startup Professionals Musings

You may think it’s great that demand exceeds your supply chain, but customers only remember it as a loss of your credibility, and will tell others. Remember that the largest customers are often the slowest to pay, and the most likely to demand support and return concessions. Use metrics on key deliverables to assure quality results.

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Traction Metrics Seed Real Startup Funding And Growth

Startup Professionals Musings

That should make you wonder - how do you measure traction in a metric? While thinking about the parameters of traction, and how to measure it, I was impressed with a new book, “ Scaling Lean: Mastering the Key Metrics for Startup Growth ” by Ash Maurya, a serial entrepreneur, and creator of the one-page business modelling tool Lean Canvas.

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Endeavor Miami Takes on Scaleup Challenge

The Startup Magazine

Within the entrepreneurship ecosystem, “scaleup” challenges differ from startup challenges and demand unique solutions. Led by former Apple project manager Brian Brackeen, Kairos set up an Endeavor-facilitated advisory board. A key impact metric for Kairos is the number of faces processed.

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8 Business Accountability Lapses And How To Recover

Startup Professionals Musings

You can and must fix this by communicating business goals and objectives, and establishing personal metrics which only reward success. It’s easy for you to blame someone else in the organization, economic conditions outside, or even overly demanding customers, when things are not going well.

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Flexible VC 102: Variations.