Startup Professionals Musings

FEBRUARY 5, 2021

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Calculate investment amounts and timing.

Forecast 369

Forecast Burn Rate Startup Widget 369

Startup Professionals Musings

SEPTEMBER 30, 2019

Both risks and opportunities in this area can arise from many aspects of your startup, before and after product development. Then you walk the delicate balance between burn rates, revenue flows versus expenses, investment in marketing, and employees. Operational. Embrace the risk of standing in your own line.

Entrepreneur 267

Entrepreneur Burn Rate Angel Investor Operations 267

ReadWriteStart

JULY 9, 2023

Pricing is something many founders struggle with because newbie entrepreneurs may set random prices for their product instead of calculating the proper numbers or calculating with finance professionals. Interestingly enough, some founders even shy away from charging for their product. Metrics A business should be measurable.

Intellectual Property 122

Intellectual Property Startup Burn Rate Metrics 122

Up and Running

OCTOBER 7, 2019

A data-driven approach can help you make accurate and timely business decisions to meet market demands and improve cost-efficiency. You need to use your time and resources productively by focusing on the right metrics so you can use data to help you implement improvements that matter. Customer Support KPIs.

Founder 71

Founder Retention Metrics Technical Review 71

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 232

Customer Development Developer Customer Silicon Valley 232

Startup Professionals Musings

OCTOBER 22, 2017

Both risks and opportunities in this area can arise from many aspects of your startup, before and after product development. Then you walk the delicate balance between burn rates, revenue flows versus expenses, investment in marketing, and employees. Operational. Embrace the risk of standing in your own line.

Burn Rate 170

Burn Rate Angel Investor Operations Demand 170

Startup Professionals Musings

JANUARY 17, 2014

Both risks and opportunities in this area can arise from many aspects of your startup, before and after product development. Then you walk the delicate balance between burn rates, revenue flows versus expenses, investment in marketing, and employees. Operational. Embrace the risk of standing in your own line.

Burn Rate 234

Burn Rate Angel Investor Entrepreneur Operations 234

YoungUpstarts

JUNE 17, 2019

Startups are regarded for their embrace of industry disruption, all the while constantly trying to limit their burn rate and conserving their capital for future growth. Quiz content is perfect for cash-strapped startups who demand results for their marketing investment. Marketing: startup style. Why it works. corporations.

Marketing 147

Marketing Startup Burn Rate Advertising 147

YoungUpstarts

MAY 20, 2015

A startup’s ability to scale its services in response to increasing demand is one of the most important factors in determining its success. If no such plan is in place, its best to develop one as soon as possible in case your inability to keep up with demand begins affecting the quality of your services. by Philip Acuña.

Colombia 100

Colombia Burn Rate Startup Agile 100

Both Sides of the Table

JUNE 17, 2017

They don’t want high burn rates but they will never fund slow growth. Is it one product line or multiple? For example, if you sell your product through a third-party reseller who charges 30% of any sale then your COGS will be 30% of revenue (assuming no other costs of sales). The example chart is not actually atypical.

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

Steve Blank

FEBRUARY 22, 2010

How do we price and position the product? How do we create end user demand? Where/how do we build the product? For biotech startups, it’s when the cost of the R&D required to find and clinically test a drug is less than the market demand for that drug. What’s the distribution channel? Who are our partners?

Balance Sheet 304

Balance Sheet Startup Burn Rate Metrics 304

Steve Blank

FEBRUARY 16, 2010

It had taken the company almost twice as long as planned to get their product out the door. raised their voices in a annoyed investor tone) that the headcount and its attendant burn rate combined with the lack of revenue meant the company would run out of money much sooner than anyone planned. All this takes time.”

Revenue 232

Revenue Balance Sheet Hockey Stick Burn Rate 232

Startup Professionals Musings

MARCH 30, 2015

Both risks and opportunities in this area can arise from many aspects of your startup, before and after product development. Then you walk the delicate balance between burn rates, revenue flows versus expenses, investment in marketing, and employees. Operational. Embrace the risk of standing in your own line.

Entrepreneur 120

Entrepreneur Burn Rate Startup Angel Investor 120

Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Calculate investment amounts and timing.

Forecast 120

Forecast Entrepreneur Burn Rate Widget 120

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance. Why Have a Board Meeting?

Silicon Valley 297

Silicon Valley Business Model Venture Capital Balance Sheet 297

Startup Professionals Musings

JANUARY 7, 2014

Company and product naming may also seem simple, but should be a key early effort, because mistakes can be very costly. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. It’s not that hard to change later to a C-Corp.

Startup 265

Startup Intellectual Property LLC Burn Rate 265

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance. Why Have a Board Meeting?

Silicon Valley 270

Silicon Valley Business Model Venture Capital Balance Sheet 270

Startup Professionals Musings

NOVEMBER 28, 2012

Company and product naming may also seem simple, but should be a key early effort, because mistakes can be very costly. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. It’s not that hard to change later to a C-Corp.

Entrepreneur 274

Entrepreneur Intellectual Property LLC Burn Rate 274

Startup Professionals Musings

NOVEMBER 7, 2016

Like startup investors several layers deep, parent company executives often demand approval rights and exert their power, without understanding the issues of starting a new business. Compensation and support carried the corporate burden rate. The burn rate was extremely high, with no one working for equity or deferred compensation.

Technical Review 214

Technical Review Entrepreneur Silicon Valley Burn Rate 214

Gust

DECEMBER 29, 2013

Company and product naming may also seem simple, but should be a key early effort, because mistakes can be very costly. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share. It’s not that hard to change later to a C-Corp.

Startup 183

Startup Intellectual Property LLC Burn Rate 183

Steve Blank

NOVEMBER 2, 2009

The key contributors to an out-of-control burn rate is 1) hiring a sales force too early, 2) turning on the demand creation activities too early, 3) developing something other than the minimum feature set for first customer ship. Where is the budget for purchasing the type of product you’re selling? Something else?

Lean 260

Lean Silicon Valley Startup RSS 260

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

Hearpreneur

JULY 7, 2019

Thanks to Jessica Musa, Virtually Productive ! #4- I believe that there will be a significant increase in home-based entrepreneurs as automation and productivity technologies such as VR and voice search will help to eliminate mundane tasks and allow for business owners to be more efficient. 4- Three things.

Entrepreneur 92

Entrepreneur Distribution Employee Arizona 92

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 253

Customer Development Developer Customer Silicon Valley 253

ReadWriteStart

JUNE 13, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. The process, which Blank detailed in his book, "The Four Steps to the Epiphany," uses customer feedback to refine and improve a product before scaling a business.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

ithacaVC

MARCH 21, 2011

Reminds me of cutting company burn rates in tough times and being a careful spender all the time. VCs invest in competitive spaces as they signify demand. Ultimately/hopefully, the innovation creates the winning product and the management team executes to win. Not eating while working out like a maniac is common.

Philadelphia 49

Philadelphia Iowa Startup Arizona 49

ReadWriteStart

APRIL 30, 2020

Many fail because they fail to keep their burn rate in check and then run out of investors who are willing to fund their operations. They treat their startup’s burn rate like it’s etched in stone. At best, the only value those marketers will be able to generate is in building up hype for a nonexistent product.

Burn Rate 107

Burn Rate Management Startup Early Stage 107

Both Sides of the Table

FEBRUARY 14, 2016

The Laws of Supply & Demand. The most basic chart of microeconomics is a supply & demand curve. Demand represents a buyer and supply a seller. The principle of microeconomics is that at a market-clearing price for any product the right amount of sellers and buyers will emerge and a price will be set. The result?

Valuation 150

Valuation Down Round Startup Later Stage 150

OnlyOnce

SEPTEMBER 30, 2020

Your developers will have to speak with potential customers; your accountants will have to give advice on product direction; and the born salesperson on your team will need to put the phone down a few hours a day and set up a new employee’s computer.

Burn Rate 71

Burn Rate Leadership Search Curation 71

abovethecrowd.com

APRIL 20, 2016

The pressures of lofty paper valuations, massive burn rates (and the subsequent need for more cash), and unprecedented low levels of IPOs and M&A, have created a complex and unique circumstance which many Unicorn CEOs and investors are ill-prepared to navigate. Layoffs have also become more prevalent.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

OnlyOnce

SEPTEMBER 30, 2020

Your developers will have to speak with potential customers; your accountants will have to give advice on product direction; and the born salesperson on your team will need to put the phone down a few hours a day and set up a new employee’s computer.

Burn Rate 48

Burn Rate Leadership Search Curation 48

Up and Running

MAY 22, 2018

Every successful small business goes through four stages during its entire existence: Existence : expanding from pilot production to broad-scale production. Growth : stepping into a bigger market opportunity with expanding services or new products while maintaining constant profits. Delivering quality product and services.

Exit Strategy 90

Exit Strategy Angel Investor Search Elevator Pitch 90

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

www.paulgraham.com

APRIL 28, 2010

A lawyer I asked about it said: When the company goes public, the SEC will carefully study all prior issuances of stock by the company and demand that it take immediate action to cure any past violations of securities laws. To be a startup, a company hasto be a product business, not a service business. No, not generally.A

Technical Review 76

Technical Review Startup Software Review Angel Investor 76