Remove Burn Rate Remove Finance Remove Hiring Remove Partner
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Why Founders Should Know How to Code

Steve Blank

The emphasis on the rapid development and iteration of MVP’s is to speed up how fast you can learn ; from customers, partners, network scale, adoption, etc. Speed keeps cash burn rate down while allowing you to converge on a repeatable and scalable business model. In a startup building MVP’s is what turns theory into practice.

Cofounder 336
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3 Ways Structure Can Take Your Tech Startup To New Heights

YoungUpstarts

Speaking intelligently about your company’s current (and future) performance means regular check-ins with your finances. Use burn rate as an example. If you don’t understand how much money your company is burning through each month, how can you expect to intelligently talk about your fiscal health? Get it all in writing.

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Why More Funding Won’t Magically Fix Your Startup

Mucker Lab

This post originally appeared in TechCrunch back in 2015, written by our co-founder and managing partner Erik Rannala. Hire the wrong people. Bad hiring decisions are often a symptom of premature scaling. Why hire a sales team when you have nothing to sell yet? Be trigger shy about hiring.

Startup 78
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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs. Hire a great CFO.

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Startup Grind Turns the Tables on Mark Suster

Both Sides of the Table

I got a job at a bank, and I worked in their corporate finance group. We had a finance group for all of the bank branches based in San Diego, and I wrote programs to download stuff from the mainframe so we could do analysis three days faster than they could send us the data. Should I hire or not hire this person?

Cofounder 337
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How much does it cost to build the world’s hottest startups?

The Next Web

Henrik Werdelin , the Managing Partner of Prehype , a venture development firm based in New York City that has helped build companies like Tradable , Barkbox , FancyHands , Basno and Path , says recreating Twitter isn’t necessarily difficult, but the layered features will take time to get right. 1) Twitter. 4) WhatsApp. million plus overhead.

Cost 168
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An Alternative to Board Decks Some Seed VCs Actually Prefer

View from Seed

This is pulled from NextView’s board deck resource, which was compiled using a combination of real startup board decks and input from NextView’s founding partners: Rob Go , David Beisel , and Lee Hower. Team: Hires, fires, departures, responsibility changes, major promotions, and your org chart.