David Teten
NOVEMBER 26, 2019
Instead of budget approvals, monitor key metrics and give managers more flexibility. So here’s the solution I have recommended to some of my portfolio companies: “ agile budgeting ”, i.e., monitoring a few key variables while giving managers significant flexibility. This agile approach is not restricted to small startups.
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.
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Steve Blank
OCTOBER 24, 2017
While 20th century metrics were revenue and profit, today it’s common for companies to get acquired for their user base. Incubators and accelerators like Y-Combinator have institutionalized experiential training in best practices (product/market fit, pivots, agile development, etc.); 6. Founders Take Money Off the Table.
Steve Blank
NOVEMBER 25, 2013
Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. And we can offer investors metrics to play Moneyball – with the Investment Readiness Level. We think we can do better. Here’s how.
Steve Blank
JUNE 10, 2010
They were smart enough to realize that IBM’s existing processes and procedures wouldn’t be agile enough to innovate in this new market. Irfan doesn’t take a salary but he is as focused on scalability, asset leverage, return on investment and growth metrics as any Silicon Valley entrepreneur ever was.
Startup Lessons Learned
JANUARY 19, 2009
Almost all of it is in one giant fixed-cost bucket: salaries. This is another sub-optimization caused by incentivizing the wrong metric. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Expo SF (May.
ReadWriteStart
JUNE 29, 2020
People are trapped at home, they are not getting a salary, and they are afraid to touch another person because no one knows who is and isn’t infected with the virus. It’s vital to be aware of the fact that agile iterations are not random and haphazard. Year-on-year growth metrics in unique site traffic is 7.8
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