Burn Rate Hiring Partner Product Development 
Steve Blank
SEPTEMBER 5, 2018
He just hired Meg Whitman. Since NewTV won’t be making the content, they will be licensing from and partnering with traditional entertainment producers. NewTV will depend on partners like telcos to distribute the content. Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money.
Both Sides of the Table
OCTOBER 12, 2010
Even if you don’t have “direct&# sales I would tell you that “everything is a sale&# including fund raising, hiring, getting press and doing business development. One of the biggest mistakes I see early-stage startups making is hiring “seasoned&# sales professionals or hiring people too senior, too early.
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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.
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. Ok, thank you.
The Next Web
DECEMBER 2, 2013
We interviewed the heads of the top Web and mobile development companies, incubators, agencies and labs to understand what it takes to design and develop the most successful apps of our generation. Werdelin equates building a successful product to building a nightclub. 1) Twitter. 4) WhatsApp. million plus overhead.
View from Seed
OCTOBER 15, 2014
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.
Steve Blank
NOVEMBER 18, 2010
Now the company is in crisis mode because the rest of the organization (product development, marketing, etc.) Why it’s not a crisis is that the Customer Development process says, “do not staff and hire like you are executing. The alternative to firing and crises is the Business Model/Customer Development process.
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