Remove Burn Rate Remove Continuous Deployment Remove Employee Remove Hiring
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Lessons Learned: Cash is not king

Startup Lessons Learned

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). Case Study: Continuous deployment makes releases n.

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Lessons Learned: Don't launch

Startup Lessons Learned

And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated. For example, if your employees are feeling frustrated that they dont get much third-party validation for their work, use a board of advisers to fill that role.

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Lessons Learned: Achieving a failure

Startup Lessons Learned

Hire the absolute best and the brightest, true experts in their fields, who in turn can hire the smartest people possible to staff their departments. Insist on the incredibly high-IQ employees and hold them to incredibly high standards. I know of at least five former employees that went on to become startup founders.