Burn Rate Cofounder Hiring Product Development 
Steve Blank
SEPTEMBER 5, 2018
Jeff Katzenberg has a great track record – head of the studio at Paramount, chairman of Disney Studios, co-founder of DreamWorks and now chairman of NewTV. He just hired Meg Whitman. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. IPOs dried up.
Mucker Lab
MAY 28, 2020
This post originally appeared in TechCrunch back in 2015, written by our co-founder and managing partner Erik Rannala. Like a teenager with a million-dollar allowance and an identity crisis, a startup with too much capital and no product-market fit will become capable of making larger mistakes. Hire the wrong people.
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crowdSPRING Blog
SEPTEMBER 19, 2014
Inside the Mind of a Technical Founder | OpenView Blog by Larry Kim – crowdspring.co/1u7Fz1b. 5 Signs You’ve Got the Wrong Co-Founder – crowdspring.co/1u17ovZ. 12 Qualities To Look For In A Co-Founder – crowdspring.co/1m97mzy. Are startup burn rates out of control? 1m69Rmd.
The Next Web
DECEMBER 2, 2013
Therefore, if you want to bring an MVP ( Minimum Viable Product ) to market, Werdelin approximates that you’ll need $50,000 to $250,000 , depending on the skill sets of the developers and designers you hire. Werdelin equates building a successful product to building a nightclub. 3) Facebook. 4) WhatsApp. 6) Pinterest.
Both Sides of the Table
DECEMBER 16, 2009
They realized that they were selling a bunch of cool products but none that had enough economic value. They had wasted a lot of money because they had raised a lot of money and therefore hired a large staff. I advocated LOUDLY at the board that we needed to cut our burn rate. We were SMOKING cash.
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.
Startup Lessons Learned
MARCH 13, 2009
The product didnt convert well enough, the mainstream customers we were driving werent ready for the concept, and the event fed expectations about how successful the product was going to be that turned out to be hyper-inflated. Why do startups synchronize marketing launch and product launch? Founders push for it.
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