Up and Running

APRIL 27, 2020

Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. Focus on positioning your business, product, or service as that new and better solution.

Software Review 113

Software Review Lean Forecast Business Plan 113

View from Seed

OCTOBER 24, 2019

Also, the benefit of raising a pre-seed from great partners probably outweighs the cost. This means being really conservative with your cash burn early on until you have clearly found product/market fit. If you are a founder with limited experience, you probably don’t have the ability to skip the pre-seed for practical reasons.

Dilution 149

Dilution B2B Burn Rate Early Stage 149

Both Sides of the Table

NOVEMBER 3, 2009

People mistook extra doses of Ajax for a successful product. The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. I have seen really great product people espouse the death of the business plan. Do so at your peril.

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Feld Thoughts

SEPTEMBER 16, 2011

Now that Dick and Jane have added a CTO to SayAhh’s founding team, they’ve turned their full attention to working on their product. They also haven’t launched a product, so there is no corresponding “cost of goods sold” – the direct cost of delivering their product.

Balance Sheet 125

Balance Sheet Fractional CTO Burn Rate Salary 125

Startup Professionals Musings

JUNE 18, 2012

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Cost 255

Cost Burn Rate SEM Startup 255

Feld Thoughts

NOVEMBER 18, 2013

Convertible debt financings have become an increasingly attractive approach for seed rounds because it delays the valuation discussion, costs less from a legal standpoint, and is an easier financial instrument to “keep raising more small amounts of money” on. Heads down on product, they say. Seven months in, there is a beta product.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Startup Lessons Learned

MARCH 27, 2009

While some cost-cutting measures reduce that number, others increase it. In lean times, it’s most important to focus on cutting costs in ways that speed you up, not slow you down. Otherwise, cutting costs just leads to going out of business a little slower. A crisis is sometimes needed to force that reexamination.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Steve Blank

SEPTEMBER 7, 2009

This post describes how following the traditional product development can lead to a “startup death spiral.&# In the next posts that follow, I’ll describe how this model’s failures led to the Customer Development Model – offering a new way to approach startup sales and marketing activities. The board raises a collective eyebrow.

Customer Development 228

Customer Development Developer Customer Silicon Valley 228

Gust

JUNE 10, 2012

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Cost 139

Cost Burn Rate SEM Startup 139

Startup Professionals Musings

DECEMBER 15, 2014

Entrepreneurs who plan to complete a business plan the first month, find an investor the second, and roll out a product the third month are just kidding themselves. Count on several months of effort and costly assistance to court investors, with less than a 10% success rate. The best partners are ones who share costs and risks.

Bootstrapping 276

Bootstrapping Entrepreneur Startup Burn Rate 276

Steve Blank

APRIL 20, 2009

. * By the late 1930′s when HP started, a small group (measured in hundreds) of engineers who made radio tubes were building the valleys’ ecosystem for electronics manufacturing, product engineering and technology management. But in fact, most startups need to keep their burn rate low more [.] Who would have known?

Silicon Valley 279

Silicon Valley RSS San Francisco Technical Review 279

Steve Blank

MAY 15, 2009

Stay hungry, stay lean. There’s something about working on a crappy desk that spurs better ideas and more productivity than a “professional&# desk with an ergonomic chair. I don’t want to be hungry and lean (nor do I want to be full and fat). Don’t let it happen to you. But I was wrong.

Silicon Valley 212

Silicon Valley RSS Lean Agile 212

Startup Professionals Musings

JUNE 28, 2013

Entrepreneurs who plan to complete a business plan the first month, find an investor the second, and roll out a product the third month are just kidding themselves. Count on several months of effort and costly assistance to court investors, with less than a 10% success rate. The best partners are ones who share costs and risks.

Startup 264

Startup Burn Rate Bootstrapping Valuation 264

Startup Professionals Musings

FEBRUARY 15, 2011

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Startup Lessons Learned

MARCH 13, 2009

Announce a new product, start its PR campaign, and engage in buzz marketing activities. Marketing launch) Make a new product available to customers in the general public. Product launch) In todays world, there is no reason you have to do these two things at the same time. Establish credibility with potential partners.

San Francisco 168

San Francisco PR Lean Early Stage 168

Austin Startup

NOVEMBER 11, 2017

We had gathered total more than 250 feedbacks from killers in different domains (marketing, tech, product, finances…).We If your users waste hours understanding how your product works, you will end by making the experience longer and the process tricky.even if the product makes them save time if they use it correctly!

Burn Rate 54

Burn Rate Product Cofounder PR 54

Gust

DECEMBER 7, 2014

Entrepreneurs who plan to complete a business plan the first month, find an investor the second, and roll out a product the third month are just kidding themselves. Count on several months of effort and costly assistance to court investors, with less than a 10% success rate. The best partners are ones who share costs and risks.

Bootstrapping 191

Bootstrapping Entrepreneur Startup Burn Rate 191

Up and Running

APRIL 2, 2020

Having good projections connects the dots between sales, costs, and expenses to provide you with a holistic picture of your financials. Instead, start with the quick and easy lean business plan , to help you map out your business and financing activities over the next few months. How to build a profit and loss .

Forecast 157

Forecast Salary Business Plan Balance Sheet 157

Startup Lessons Learned

JULY 6, 2020

The human toll a virus could inflict and the immense economic cost of the emergency response stayed with him. As a child living in Hong Kong through SARS, he saw first hand the human toll a virus could inflict, and the immense economic cost of the emergency response. As a child, Alpha Lee lived through the SARS epidemic in Hong Kong.

Artificial Inteligence 60

Artificial Inteligence Open Source Cofounder Design 60

Startup Lessons Learned

MAY 15, 2020

16:25) Be aware of what's happening in the marketing of your products, learn everything you can about what's going on in your industry to set your company up for the future. (18:56) 47:20) Mark's predictions for how business and society are going to change, the products we'll need and the opportunities that will come out of those needs. (48:11)

Dallas 68

Dallas Employee Government Social Media 68

BeyondVC

DECEMBER 10, 2009

So first and foremost, I let him know that while it was nice to have a well thought out spreadsheet, that the most important thing was getting the product developed and the right team in place.

Churn Rate 112

Churn Rate Burn Rate Startup Metrics 112

Steve Blank

SEPTEMBER 17, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development. These steps mesh seamlessly and support a startup’s ongoing product development activities.

Customer Development 246

Customer Development Developer Customer Silicon Valley 246

www.chubbybrain.com

SEPTEMBER 28, 2011

But none of them matter if the product is harder to use, since most people simply won’t care enough or get enough benefit from long-term features if a shorter-term alternative is available. deprecated the old feature-complete product (ACS 3.4) before finishing the new product (ACS 4.x); During this year they.

Software Review 79

Software Review Startup Technical Review Vesting 79