Remove B2B Remove Hiring Remove Retention Remove Revenue
article thumbnail

Is the Lean Startup concept of MVP dead?

VC Cafe

In a capital scarce environment following the Dot Com crash, startups needed to do more with less and survive long enough to generate revenue. The fundamentals (unit economics/ margins, CAC>LTV, the importance of retention) are more important now. ” The Lean Startup movement started out of necessity.

Lean 214
article thumbnail

How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? The CEO should dial through as many of the largest existing customers to get a firsthand understanding of the magnitude of any revenue shortfall. How can you shift focus to customer retention versus acquisition?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Rosh Hashanah Resolutions for Startup Founders

VC Cafe

So in terms of hiring, get people that can help you build the product faster… anything that minimizes the time between observing a need or a problem, and the execution or the fix for it.” A founder should know (more or less) what milestones she can achieve with the current round (in terms of product, revenue, etc). What matters most?

Founder 187
article thumbnail

9 Steps Proven To Build A Successful Sales Team From Scratch

YoungUpstarts

Generating revenue through sales, especially as start-up capital diminishes, can make or break a company’s success. However, hiring the wrong salespeople costs dearly in time and treasure. Before hiring can commence, clearly defining the structure of the sales team is critical. Hire based on sales DNA and not resume.

Sales 100
article thumbnail

30 Entrepreneurs Share Their One Prediction for Business in 2022

Hearpreneur

You're likely going to be experiencing revenues in waves, owing to the pandemic booms and dips, and the varying regulations. Prezi hired the former director of product from Pixar to build a more cinematic video meeting experience. 8- Growth factor- labor retention rates. Thanks to Sameera Sullivan, a Relationship expert ! #6-

article thumbnail

Product-Led Growth (PLG) For Startups

Mucker Lab

If you work in B2C or e-commerce, you optimize that Add to Cart flow like crazy because that is your revenue. You're really getting enough early users to help you validate to achieve a certain level of retention rate. You do a little bit of acquisition and then you have users to work with on retention, activation, monetization, etc.

Product 78
article thumbnail

3 Ways Fast-Growing Startups Are Building Sales Teams Differently

YoungUpstarts

From smart cities and driverless cars to artificial intelligence, big data, CRM and SaaS, 2018 is ripe for technology companies to achieve record revenue and profits. The company’s success depends on the ability of its sales teams to deliver sustainable, predictable revenue at scale. Scientific Interviewing and Hiring.

Sales 113