VC Cafe

JULY 26, 2020

In fact, they were screaming at them to dramatically reduce their burn rates. Agile Development: launch an MVP early and iterate quickly. Angel investment, which was small to start with, disappeared, and most corporate VCs shut down. VC’s were no longer insisting that startups spend faster, and “swing for the fences”.

Lean 214

Lean Seed Capital Startup Burn Rate 214

Eric Friedman

NOVEMBER 8, 2011

In the world of web startups, you can hire individuals and try to make the team hum, or you can buy an agile group that you know can perform. Hiring Option. Hire 2 people per month ~ $100K/month/per person across 12 months is 24 people at a $2.4MM burn rate.

Burn Rate 90

Burn Rate Agile Equity Hiring 90

Up and Running

OCTOBER 1, 2014

Nelson has some tips: Know your burn rate. If not, be agile enough to change direction and re-focus,” Nelson advises. Hire and surround yourself with people who are hungry for the opportunity and super driven,” she advises. How do you balance it all? Five useful tools and an entrepreneur’s workspace.

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. And most startup code and features end up on the floor as customers never really wanted them.

Lean 244

Lean Silicon Valley Startup RSS 244

Steve Blank

MAY 15, 2009

We hired an interior designer and a great facilities person to manage the process. Reply Jerry Ji , on May 15, 2009 at 4:56 pm Said: When my startup starts hiring, I’ll make “The Four Steps to the Epiphany&# a prerequisite reading for every interviewer. A VERY nice office.

Silicon Valley 205

Silicon Valley RSS Lean Agile 205

Startup Lessons Learned

MARCH 27, 2009

The full formula works like this: runway = cash on hand / burn rate # iterations = runway / speed of each iteration Very few successful companies ended up in the same exact business that the founders thought theyd be in (see Founders at Work for dozens of examples). Combining agile development with customer developm.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Steve Blank

APRIL 20, 2009

In ten years, from the early 1950′s to the early 1960′s, the valley went through a hiring frenzy as jobs in microwave companies went from 700 to 7,000. Another piece of trivial: the road that is the side-entrance (during business hours) to Agilent Corporation HQ in Santa Clara is named “Terman Lane&# after Terman.

Silicon Valley 270

Silicon Valley RSS San Francisco Technical Review 270

Startup Lessons Learned

MARCH 13, 2009

And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated. Combining agile development with customer developm. Worse, we tricked ourselves into thinking that what the press said about our success was actually true. Expo SF (May.

San Francisco 168

San Francisco PR Lean Early Stage 168

Startup Lessons Learned

JANUARY 30, 2009

Hire the absolute best and the brightest, true experts in their fields, who in turn can hire the smartest people possible to staff their departments. By hiring experts, conducting lots of focus groups, and executing to a detailed plan, the company became deluded that it knew what customers wanted. We can skip the chasm.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150