Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

YoungUpstarts

MAY 20, 2015

The key to this is validation, validation, validation Validate the customer problem, validate the solution your product provides, and validate the opportunity size. Burn rate: Seeing company grow fast is both exciting and overwhelming experience. Scale With Agility. ” – Ian Naylor, AppInstitute.

Colombia 100

Colombia Burn Rate Startup Agile 100

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

VC Cafe

JULY 26, 2020

In fact, they were screaming at them to dramatically reduce their burn rates. Ditch the business plan and when assumptions are proven wrong, pivot Customer Development: Build a product your customers want (vs. what you think they might need) by talking to customers and testing every aspect of the product features, pricing, etc.

Lean 214

Lean Seed Capital Startup Burn Rate 214

Steve Blank

SEPTEMBER 17, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development. These steps mesh seamlessly and support a startup’s ongoing product development activities.

Customer Development 242

Customer Development Developer Customer Silicon Valley 242

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. 10MM upfront to buy the startup and product. Hire 2 people per month ~ $100K/month/per person across 12 months is 24 people at a $2.4MM burn rate. lets call it $10MM. 2 engineers.

Burn Rate 90

Burn Rate Agile Equity Hiring 90

ReadWriteStart

JUNE 13, 2011

As customer and agile development reinvent the startup, it's time to ask why startup board governance has not kept up with the pace of innovation. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Why Have a Board Meeting?

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Up and Running

OCTOBER 1, 2014

Their latest product, Statdragon, launched just last week. Nelson has some tips: Know your burn rate. If not, be agile enough to change direction and re-focus,” Nelson advises. This is a marriage, so getting along and being super productive matters for the overall health of the business.

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. Where is the budget for purchasing the type of product you’re selling? Something else? Who’s the customer?

Lean 244

Lean Silicon Valley Startup RSS 244

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). Were talking PayPal -sized variations.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Steve Blank

MAY 15, 2009

There’s something about working on a crappy desk that spurs better ideas and more productivity than a “professional&# desk with an ergonomic chair. The Curse of a New Building At some point in my career as I began to ponder how/why startups morph from agile, “can do&# companies to [.] [.] But I was wrong.

Silicon Valley 205

Silicon Valley RSS Lean Agile 205

Steve Blank

APRIL 20, 2009

. * By the late 1930′s when HP started, a small group (measured in hundreds) of engineers who made radio tubes were building the valleys’ ecosystem for electronics manufacturing, product engineering and technology management. The HP and Agilent credit union is called “Addison Avenue&#. Who would have known?

Silicon Valley 270

Silicon Valley RSS San Francisco Technical Review 270

Startup Lessons Learned

MARCH 13, 2009

Announce a new product, start its PR campaign, and engage in buzz marketing activities. Marketing launch) Make a new product available to customers in the general public. Product launch) In todays world, there is no reason you have to do these two things at the same time. Establish credibility with potential partners.

San Francisco 168

San Francisco PR Lean Early Stage 168

Startup Lessons Learned

JANUARY 30, 2009

Build a truly mainstream product. Build the product in stealth mode to build buzz for the eventual launch. The whole company and board play-tested the product to see its new features first hand. Everyone had fun; the product worked. This is why agility is such a prized quality in product development.

San Francisco 150

San Francisco Lean Agile Continuous Deployment 150