Startup Professionals Musings

MARCH 18, 2022

Sometimes you have to be willing to jeopardize current revenue streams to penetrate new markets or technologies. As companies grow, they tend to become more structured, to the point of discouraging risk by team members, and using metrics to identify mistakes and allocate bonuses.

Artificial Inteligence 385

Artificial Inteligence Startup Metrics Agile 385

ReadWriteStart

APRIL 8, 2023

In contrast, it left several e-trends: augmented reality, zero coding, the marketplace boom, and product subscriptions are just a few of them. With the help of voice assistants, such as Siri and Alexa, you can purchase the product just by saying it while running errands. We will deliver product x every three months with free shipping.”

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Hearpreneur

DECEMBER 29, 2021

It could be more revenue, hiring clients, or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. It's important to keep business agile. One of the biggest problems we encounter was staying financially stable, especially when revenue was barely coming in.

Entrepreneur 139

Entrepreneur Social Media Employee Los Angeles 139

Startup Professionals Musings

MARCH 22, 2023

Rather than a focus on salary and perks, your focus is on customers, revenue, and operations. Bezos believes that if you double the number of experiments you do per year, you’re going to double your agility, and thus grow the business more rapidly. Use metrics and data to quantify progress and return.

Metrics 279

Metrics Startup Agile Salary 279

BeyondVC

APRIL 4, 2018

Couple that with Mulesoft being bought for 21x TTM revenue ( see Tomasz Tunguz analysis ) at $6.5 There will also still be some amazing companies that raise their Series C, D and beyond funding rounds with scaling metrics. Every large enterprise is a software company which means developer productivity is paramount.

Cloud 60

Cloud Agile Architecture Azure 60

Steve Blank

MARCH 31, 2014

Companies horde cash and squeeze the most revenue and margin from the money they use. Metrics like Return on Net Assets, Return on Capital and Internal Rate of Return are the guiding stars of the board and CEO. Smart companies are always looking to make their current products better – and there are many ways to do this.

Private Equity 330

Private Equity Metrics China Intellectual Property 330

A Smart Bear: Startups and Marketing for Geeks

APRIL 5, 2010

In the quest for optimization, A/B tests, metrics, and funnels, we're in danger of losing the fun and value of creative work. When we demand overwhelming customer outcry before committing to the slightest product change, we're in danger of losing the value of creating a cool feature that takes too much effort but people just love.

Software Review 226

Software Review Metrics Lean Algorithm 226

ConversionXL

JULY 3, 2020

Example OKRs: Company objective: Customers love our product. Product team objective: Build features our customer want. Key result: 65% of customers use new product features at least once a week by the end of Q3. Product manager objective: Evaluate new feature ideas. The how should be led by your tech team. Dependencies.

Technical Review 107

Technical Review Software Review API Analytics 107

Mike Michalowicz

JUNE 29, 2023

Embracing flexibility and adaptability Org charts are rigid and hierarchical by nature, often limiting the agility needed to respond to changing market conditions. Fostering collaboration and cohesion for productivity Org charts can inadvertently create silos within an organization, hindering communication and collaboration.

Small Business 78

Small Business Revenue Agile Employee 78

Startup Professionals Musings

AUGUST 27, 2023

Everyone in the company must adopt the principles of customer-first focus, agility in responding to change, and constant innovation to improve your processes as well as the solution. Measure progress through metrics on sales, revenue, and penetration. Seek customer feedback on ways to improve value and satisfaction.

Agile 229

Agile Leadership Global Distribution 229

Startup Professionals Musings

MARCH 7, 2016

As a result, Google has become a verb, and the company is a tech giant with record growth rates and a revenue of $74.5 Continuous improvement applies to the business model as well as the product. Set business goals and milestones, and use metrics to track performance. A great business must be agile. billion in 2015.

Technical Review 120

Technical Review Architecture Agile Business Model 120

Steve Blank

APRIL 21, 2011

All the teams were showing us what agile looked like, but this week several would remind us what focused and relentless really meant. its product or service) to its customers. Should they create a freemium version of their current product? The Week 6 Lecture: Revenue Model. What types of revenue streams are there?

Channel 235

Channel Artificial Inteligence San Francisco Business Model 235

ConversionXL

OCTOBER 14, 2021

In this article, we’ll share key brand tracking metrics and methods for how to measure and optimize your success. Key brand tracking metrics. Supplement brand loyalty metrics with qualitative measures such as brand associations and perceived quality, as these can give you insight into why customers intend to repurchase.

Metrics 157

Metrics Marketing Campaign Audience 157

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. What’s going on?

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Lessons Learned

SEPTEMBER 22, 2008

Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Steve Blank

MARCH 4, 2014

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. A business model guides an organization to create and deliver products/service and make money from it.

IRR 335

IRR Startup Business Model Agile 335

Startup Lessons Learned

SEPTEMBER 15, 2008

But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste. So far, I have found "lean startup" works better with the entrepreneurs Ive talked to than "agile startup" or even "extreme startup.") Of course, many startups are capital efficient and generally frugal.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Up and Running

NOVEMBER 29, 2017

He says the “create” approach means working on your project until you’re certain it’s completely polished and looks like the top products in the market, and your strategies and sales tools are all top-notch before you ever think of launching. Two of my startups failed because I was so busy “creating” or perfecting the products.

Acquisition 93

Acquisition Startup Engineer Metrics 93

YoungUpstarts

SEPTEMBER 11, 2013

It’s also a time when you are most agile to work on ideas and implement strategies without the crippling setbacks caused by decision hierarchy and process. This concept, according to Extraprise , is seen as real time revenue optimization. Others data Extraprise metrics'

Metrics 133

Metrics B2C B2B Channel 133

ConversionXL

JANUARY 18, 2022

Indeed’s CMO Paul D’Arcy says their priority is brand awareness and reducing friction: “The number one thing we’re doing is making sure that that product is everywhere and a click away when people are looking for a job or looking to hire.” [ via The Drum ]. Deciding on this starts with your “why,” which we’ll cover in a moment.

Marketing 128

Marketing Campaign Software Review Tulsa 128

View from Seed

FEBRUARY 27, 2019

As the former Head of Product at Blue Apron where I also built and led our Analytics & Data Science team (I know enough SQL to be dangerous), I have an intuitive sense for the “when” and “what” of this role. Analytics is about designing, reporting, and leveraging operating metrics to aid strategic and functional decision-making.

Analytics 149

Analytics Hiring SQL Forecast 149

Steve Blank

DECEMBER 17, 2009

Web startups are at real disadvantage here as founders may confuse web metrics, A/B testing and on-line surveys as the entirety of first-hand knowledge – for most web business models they are not. Metrics tell you that something is happening. Of course you need to collect metrics, do A/B testing and run online surveys.

Metrics 243

Metrics Customer Customer Development Lean 243

Startup Professionals Musings

JUNE 8, 2019

For a successful launch and scalable growth, they need to establish many checkpoints, with metrics to assess their progress and alignment with the vision. Innovation must be applied to your business model, your processes, as well as your product offering. Aim to obsolete your own products with new, before competitors do it.

Angel Investor 220

Angel Investor Equity Leadership Demand 220

YoungUpstarts

SEPTEMBER 11, 2013

It’s also a time when you are most agile to work on ideas and implement strategies without the crippling setbacks caused by decision hierarchy and process. This concept, according to Extraprise , is seen as real time revenue optimization. Others data Extraprise metrics'

Metrics 100

Metrics B2C B2B Channel 100

andrewchenblog.com

MARCH 10, 2010

The interesting part is when you get a couple months into your product cycle. However, there’s the other side of the coin, which is the product design. After you’ve added a ton of new features and stuck them all on the homepage, you create Product Design debt.

Technical Review 47

Technical Review Design Las Vegas Product 47

Startup Lessons Learned

JANUARY 15, 2010

Two Ways to Hold Entrepreneurs Accountable - The Conversation - Harvard Business Review Way back when the money was doled out, the team made a compelling pitch about the large market that was going to adopt their new innovative product or service. They are on-schedule and on-budget, but their gross metrics are way off.

Hockey Stick 105

Hockey Stick San Francisco Entrepreneur Lean 105

Startup Lessons Learned

NOVEMBER 8, 2008

When we build products, we use a methodology. We know some products succeed and others fail, but the reasons are complex and the unpredictable. a roadmap for how to get to Product/Market Fit." The theory of Product/Market Fit is one key component of customer development, and I highly recommend Marcs essay on that topic.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Steve Blank

JANUARY 25, 2010

Or depending on your metrics for success, get users, grow traffic, etc.). A business model diagram also shows how the product gets distributed to your customers and how money flows back into your company. How do we price and position the product? Where/how do we build the product? When revenue, users, traffic, etc.,

Agile 335

Agile Startup Silicon Valley Business Model 335

Steve Blank

APRIL 9, 2009

The other departments in marketing gave the same answers; the product-marketing department said their job was to write data sheets. But what I wanted was an agile marketing team capable of operating independently without day-to-day direction. The first reaction from my CEO was, “that’s why you’re running the department.”

Silicon Valley 272

Silicon Valley Technical Review RSS PR 272

Startup Lessons Learned

NOVEMBER 17, 2008

If you dont have customers, a product, investors, or a board of directors, you can pretty much stay focused on just one thing at a time. Strategy - startups first encounter this when they have the beginnings of a product, and theyve achieved some amount of product/market fit. Expo SF (May.

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

Startup Lessons Learned

AUGUST 24, 2009

And once you have a relationship with an author, musician, or journalist, it will be quite easy for them to offer new products and services – and for you to give them feedback that helps them shape ever more interesting (and ever more profitable) offerings. There are too many products clamoring for attention. Is that a lot?

San Francisco 113

San Francisco Lean Technical Review Distribution 113

Steve Blank

MARCH 11, 2015

And worse, even if someone does manage to start something new, our management structure has so many financial, legal and HR hurdles that every initiative needs to match our existing business financial metrics, processes and procedures. More agile competitors are starting to eat into our business. and how to price the product.

Widget 120

Widget Lean Business Model Metrics 120

Steve Blank

JUNE 23, 2016

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. These metrics make it difficult for a company that wants to invest in long-term innovation. At the high-end they create products and services that never existed before.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Startup Lessons Learned

JUNE 5, 2009

Sometimes an early negative result from an experiment is a harbinger of doom for that product, and means it should be abandoned. Imagine a general manager that has read The Innovator’s Dilemma and related books, and is therefore trying hard to help her organization make a transition to a new product category via disruptive innovation.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

FEBRUARY 20, 2009

I owe it originally to lean manufacturing books like Lean Thinking and Toyota Production System. The batch size is the unit at which work-products move between stages in a development process. Similar results apply in product management, design, testing, and even operations. For software, the easiest batch to see is code.

San Francisco 161

San Francisco Software Review Continuous Deployment Development Team Review 161

Startup Lessons Learned

DECEMBER 28, 2009

Most customers of most products hate new releases. Thats a perfectly reasonable reaction, given that most releases of most products are bad news. Even worse, the sad state of product development generally means that the new "features" are as likely to be ones that make the product worse, not better.

Continuous Deployment 122

Continuous Deployment San Francisco Lean Metrics 122

Startup Lessons Learned

JANUARY 2, 2009

At IMVU, we were terrified by how early we shipped (and charged for) our first product. We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. Frankly, we were embarrassed by how many bugs, crashes, and defects it had.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60