Remove Cost Remove Down Round Remove Founder Remove Software Development
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A heartbreaking story about time and money.

Berkonomics

What most managers miss is that every month cut from the time it takes to perform such tasks cuts the cost by the value of a month’s worth of fixed overhead or burn. Ignoring the cost of product for a moment to make a point, saving a month’s fixed overhead by making processes more efficient, could easily double profits for the year.

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Wasted time is money lost.

Berkonomics

What most managers miss is that every month cut from the time it takes to perform such tasks cuts the cost by the value of a month’s worth of fixed overhead or burn. Ignoring cost of product for a moment to make a point, saving a month’s fixed overhead by making processes more efficient, could easily double profits for the year.

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Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

Any custom manufactured IoT device would require software development as well as hardware customization. It is going to cost a lot of money just to get the initial batch of products to test the market and would definitely require external funding. You must understand that you, as a founder, must gel with the investor.

Startup 150
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Wasted time is money lost. (And another story of lost opportunity.)

Berkonomics

What most managers miss is that every month cut from the time it takes to perform such tasks cuts the cost by the value of a month’s worth of fixed overhead or burn. In the technology sector where I most often play, extended unplanned software development cycles account for the majority of these corporate failures.

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Twitter Link Roundup #178 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

Startups: You Should Value Software More | by Wade Foster – [link]. Startup Founders: Don’t Forget to Sell the Dream | by Jason Shen – [link]. The Damaging Psychology of Down Rounds | by Mark Suster – [link]. The Start-up Hall of Shame (America’s 10 Worst States for Entrepreneurs) – [link].

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Lean Startups aren't Cheap Startups

Steve Blank

In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) Sales people cost money, and when they’re not bringing in revenue, their wandering in the woods is time consuming, cash-draining and demoralizing.

Lean 244