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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. Danielle goes through some commentary from Bill Gurley, Fred Wilson and Marc Andreessen about burn rate and then goes on to discuss her own burn rate and others publicly weigh in.

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8 Things You Need To Start a Business During a Recession

Up and Running

Recessions, or even a volatile market like we’re currently experiencing due to COVID-19 , are difficult times. 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. More room for competition.

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Customer Development for Web Startups

Steve Blank

In my book, “ The Four Steps to the Epiphany ” I use enterprise software as the business model example. His two key slides are at the end of this post but the details on his blog are worth reviewing. Agile Development is the way startups quickly iterate their product as they learn. I think his process models are pretty good.

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Are Business Plans Still Necessary?

Both Sides of the Table

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.

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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

His most recent company, Filtrbox, participated in the inaugural Techstars class (Techstars Boulder 2007) and was a win for all parties involved; Filtrbox was acquired in 2010 by Jive Software (NASDAQ: JIVE). For the first the months, the team meets often and strategizes on what they want to build while some code gets written.

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Twitter Link Roundup #235 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

The Myth of Venture Capital | Re/code by Jon Oringer – crowdspring.co/1tNFeV7. Are startup burn rates out of control? Busting the Lean-Startup Myth – crowdspring.co/1ozOXHA. Legal Contracts for Software Developers Who Hate Contracts (w/free contract template to use today) – [link].

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Out of the Crisis #2: Mark Cuban on putting people first, the Dallas Mavericks, and what we'll want on the other side

Startup Lessons Learned

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)

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