Startup Professionals Musings

JULY 31, 2021

Usually the real culprit is procrastination, lack of focus, or low productivity and lack of metrics. Business people at this level recognize the magnitude of the workload and the specific tasks required for success. Moving forward into the business realities requires courage, commitment, and determination to succeed.

Leadership 410

Leadership Employee Metrics Restful 410

conversionxl.com

SEPTEMBER 10, 2013

It’s Not a Conversion Problem, It’s a Customer Development Problem. Not because they have a conversion problem but because they never really nail the product or how to market it. This is a customer development problem. So What is Customer Development? The Problem With Traditional Product Development.

Customer Development 60

Customer Development Conversion Developer Customer 60

YoungUpstarts

AUGUST 30, 2011

Inconsistent startup outsource 4-5 times as much of their product development than consistent startups. In discovery phase 60% of inconsistent startups focus on validating a product and 80% of consistent startups focus on discovering a problem space. Inconsistent startups write 3.4 times more code in efficiency stage.

Silicon Valley 189

Silicon Valley Software Review Startup Cofounder 189

Startup Lessons Learned

SEPTEMBER 22, 2008

Lessons Learned by Eric Ries Monday, September 22, 2008 The three drivers of growth for your business model. Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. Choose one.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Steve Blank

MARCH 4, 2014

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. Every large company, whether it can articulate it or not, is executing a proven business model (s).

IRR 335

IRR Startup Business Model Agile 335

David Teten

APRIL 1, 2021

Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in product development. For example, recruiting writ large is useful at all stages of development. Customer Development. AskAnything.VC

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Startup Lessons Learned

JANUARY 30, 2018

Many established companies today are experiencing unprecedented levels of instability in their business models, brought on by technological disruption and, yes, those startups chasing their markets. A: They need to pursue different, better metrics. You need to measure value-metrics and not internal “volume” metrics.

Metrics 349

Metrics Startup Lean Detroit 349

ConversionXL

APRIL 3, 2019

There are tons of metrics you can monitor: Conversion rate; Bounce rate ; Click-through rate ; Pageviews; Lead captures; Purchase conversion rate. Setting up your experiments for success: Define success metrics. When I started out, I felt uncomfortable basing large business decisions on data from a tool. Do your research!

Artificial Inteligence 114

Artificial Inteligence Technical Review Metrics SEO 114

Steve Blank

NOVEMBER 21, 2015

In the Installation Period , a great surge of technology development (Perez calls this Irruption) is followed by an explosion of investment (called the Frenzy.) For example, US Steel had integrated vertically and was involved in the mining of the iron ore all the way to the production of various steel products, e.g., nails.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

Steve Blank

MAY 14, 2012

The excerpts, which appeared first at Inc.com , highlight the Customer Development process, best practices, tips and instructions contained in our book. ———– Whether your venture is a new pizza parlor or the hottest new software product, beware: These nine flawed assumptions are toxic.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

The Next Web

AUGUST 26, 2012

For many start-ups, the central focus is developing a product that offers value to a target audience. For this reason you should find out as quickly as possible if the product is indeed offering real value to your customers by looking at real data. Develop a strong backbone. Listen to the right data.

Bankruptcy 121

Bankruptcy Technical Review Intellectual Property Due Diligence 121

Up and Running

MAY 23, 2016

The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. Your pitch is going to cover your strategy (what you’re going to do), your tactics (how you’re going to do it), your business model (how you will make money), and your schedule (who is doing what and when).

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

MARCH 11, 2015

And worse, even if someone does manage to start something new, our management structure has so many financial, legal and HR hurdles that every initiative needs to match our existing business financial metrics, processes and procedures. Startups have finite time and resources to find product/market fit before they run out of money.

Widget 120

Widget Lean Business Model Metrics 120

Startup Lessons Learned

SEPTEMBER 15, 2008

But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste. I am heavily indebted to earlier theorists, and highly recommend the books Lean Thinking and Lean Software Development. Labels: customer development , lean startup 8comments: Amy said.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Startup Lessons Learned

APRIL 14, 2009

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) Every board meeting, the metrics of success change. And what of the product development team?

Customer 167

Customer San Francisco Lean Hockey Stick 167

A Smart Bear: Startups and Marketing for Geeks

JULY 19, 2010

About twenty people on Answers OnStartups have asked this question in one form or another: When I meet an angel investor, he may ask: "What if a big company copies your idea and develops the same website as yours after your website goes public?". Adriana has been a psychiatrist for 10 years; she understands the ins and outs of that business.

Software Review 325

Software Review Technical Review Development Team Review Bolivia 325

Startup Lessons Learned

SEPTEMBER 30, 2008

When Ive asked mentors of mine who have worked in big companies about the role of the CTO, they usually talk about the importance of being the external face of the companys technology platform; an evangelist to developers, customers, and employees. Labels: product development 15comments: mukund said. What made them exceptional?

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

This is going to be BIG.

JULY 25, 2022

Metrics around these efforts. For example, you may decide that a small business needs a widget like yours (hypothesis) so you outbound to 100 of them (goals) with a vaporware deck to see if you could sell some pre-orders. Some efforts don’t have more complicated metrics than just, “Did this work, yes, no, or still in process?”

Equity 118

Equity Metrics Widget Bandwidth 118

Startup Lessons Learned

JANUARY 28, 2009

Lessons Learned by Eric Ries Wednesday, January 28, 2009 Refactoring yourself out of business Let me start out by saying I am a big fan of refactoring , the ongoing process of changing code so that it performs the same behaviors but has more elegant structure. Its an essential discipline of good software development, especially in startups.

San Francisco 79

San Francisco Lean Continuous Deployment DC 79

Startup Lessons Learned

OCTOBER 6, 2008

Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile product development , low-cost (fast to market) platforms , and rapid-iteration customer development. Thats what business is designed to do.

San Francisco 128

San Francisco Lean Continuous Deployment Agile 128

Startup Lessons Learned

DECEMBER 14, 2009

Lessons Learned by Eric Ries Monday, December 14, 2009 Business ecology and the four customer currencies Lately, I’ve been rethinking the concept of “business model&# for startups, in favor of something I call “business ecology.&# Constructing a working business model is a form of ecosystem design.

Customer 156

Customer San Francisco Viral Lean 156

ConversionXL

OCTOBER 19, 2017

The centralized model is based on one team of employees, typically data scientists, and has the benefit of localizing expertise so that employees can develop a long-term optimization strategy, including developing better statistical algorithms and experimentation tools. Decentralized model benefits.

Chad 90

Chad Analytics Technical Review Framework 90

Startup Professionals Musings

MAY 4, 2014

Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Funding process.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

Startup Lessons Learned

JUNE 5, 2009

In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. June 8, 2009 1:16 AM Colin said.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

JULY 29, 2009

Like a financial debt, the technical debt incurs interest payments, which come in the form of the extra effort that we have to do in future development because of the quick and dirty design choice. Startups especially can benefit by using technical debt to experiment, invest in process, and increase their product development leverage.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

ConversionXL

JANUARY 17, 2017

In short, they need to approach data and experimentation from multiple fronts, so it gets a bit complicated in how they actually do this, as well as how they balance experimentation with their typical product development process. They’re a subscription business, so ongoing communications are important.

Algorithm 48

Algorithm CTO Hire Distribution Engineer 48

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

We started with the product about three years ago, development, a year later we released it. So let’s say about a year and a half, the product has been out for real. They have many, many man-years of development and customer development in them. Edwin: Oh sorry, so the business model.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Startup Professionals Musings

MAY 7, 2016

Usually the real culprit is procrastination, lack of focus, or low productivity and lack of metrics. Business people at this level recognize the magnitude of the workload and the specific tasks required for success. Moving forward into the business realities requires courage, commitment, and determination to succeed.

Entrepreneur 120

Entrepreneur Leadership Employee Metrics 120

Startup Professionals Musings

JANUARY 31, 2013

Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Funding process.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230

Startup Lessons Learned

OCTOBER 23, 2013

It provides a basic introduction to analytics as they apply to Lean Startup, including sections on what metrics to use and how to interpret them. For instance, Ben lists out the worst of the “vanity metrics,” a term that describes appealing but meaningless or misleading numbers. Alistair: There are plenty. Consider a restaurant.

Analytics 167

Analytics Lean Widget Metrics 167

Startup Professionals Musings

SEPTEMBER 7, 2011

Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Funding process.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

Startup Professionals Musings

MAY 1, 2015

Usually the real culprit is procrastination, lack of focus, or low productivity and lack of metrics. Business people at this level recognize the magnitude of the workload and the specific tasks required for success. Moving forward into the business realities requires courage, commitment, and determination to succeed.

Leadership 120

Leadership Employee Metrics Restful 120

steveblank.com

JULY 8, 2011

interactions, widgets, effects Django – high-level Python framework Cappuccino – open source framework for app development Kodingen – cloud development environment, code editor, hosting service, collaboration platform.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

ReadWriteStart

JUNE 29, 2020

Wikipedia.com defines a “startup company (startup or startup) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process, or a platform.”. Invest in your brand.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Startup Professionals Musings

AUGUST 1, 2010

Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Funding process.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

Startup Lessons Learned

MARCH 21, 2013

If you're working on the Sticky Engine of Growth , you're focused on very different metrics from those that you care about in the Viral Engine of Growth. Similarly, a two-sided marketplace cares about different things from a traditional e-commerce product. Finding your One Metric That Matters But it's not enough just to know "normal".

Analytics 167

Analytics Lean Metrics Churn Rate 167

Startup Lessons Learned

MARCH 13, 2009

Do some Customer Development instead. You have to know your business model. Most startups launch before theyve figured out what business theyre in. If the product needs to be tweaked just a little bit in order to convert users into customers, you want to figure that out before the launch. Help you raise money.

San Francisco 168

San Francisco PR Lean Early Stage 168