Remove Bootstrapping Remove Founder Remove Metrics Remove Product Development
article thumbnail

Crisis versus Opportunity: 6 Ways to Bootstrap a Startup in a Post-COVID-19 World While Navigating the New Normal

ReadWriteStart

In other words, you must start bootstrapping an online startup , because the future of the global business world is online. Before we look at ways to bootstrap a startup, let’s consider a comprehensive definition of what a startup is. Ways to bootstrap a startup. Product development also occurs in small iterations or changes.

article thumbnail

Lessons Learned: Validated learning about customers

Startup Lessons Learned

It should be even more important to the founders themselves, because it demonstrates that their business hypothesis is grounded in reality. Every board meeting, the metrics of success change. Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax.

Customer 167
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Get Picked as a Speaker for The Lean Startup Conference

Startup Lessons Learned

Often, in very young organizations, those people are simply the founders. Now, “lean” is often used to refer to a company’s financial situation, so it might make you think of a bootstrapped or under-funded organization. You can give advice about applying Lean Startup ideas to business areas other than product development.

Lean 165
article thumbnail

Lessons Learned: Combining agile development with customer development

Startup Lessons Learned

Its by far the hardest part of the puzzle of shipping successful products and both recommend that you get a customer in the room and ask them to clarify what they want as you go. Ever since that time, I have struggled to explain how the feedback loop in customer development should interface with the feedback loop in product development.

Agile 111
article thumbnail

Which is better: Many customers at low price-point or few at high price?

A Smart Bear: Startups and Marketing for Geeks

This is a choice that every startup founder must make , so I’d like to dig in deeper. To clarify the discussion, let’s use a simpler model: Companies A and B both sell products with recurring monthly revenue, and both brought in $10,000 in revenue last month. maximizing reach) versus selling more expensive units (i.e.

Customer 320
article thumbnail

The lean startup @ Web 2.0 Expo (and a call for help)

Startup Lessons Learned

As someone who has bootstrapped a software company ([link] and funded it through selling software and consulting to customers, I certainly know what it means to live lean and Ive even taken your advice ([link] I just wish I was in the Bay area and could come by "office hours". Labels: events 2comments: Andrew Meyer said.

Lean 68
article thumbnail

It's a startup, not a spreadsheet

Startup Lessons Learned

In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. As the product got better, we could see the rate getting closer and closer to the mythical “ one percent rule.&# The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?