YoungUpstarts

DECEMBER 21, 2015

by Richard Milam , the Founder and CEO of EnableSoft Incorporated. Budgets are a tricky facet for any business owner however being one of the most critical aspects to the operations, productivity, profitability, and growth of a business. Richard Milam is the Founder and CEO of EnableSoft Incorporated ( www.enablesoft.com ).

Cost 100

Cost Technical Review Software Review Operations 100

Startup Professionals Musings

MAY 14, 2023

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

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. Here are their breakdowns of the costs and time investments to create 10 of the world’s hottest startups. 1) Twitter. 3) Facebook.

Cost 168

Cost San Francisco New York City Ruby 168

Startup Professionals Musings

MARCH 21, 2021

Serious investors expect founders to have their homework done before the first interaction – documented executive summary, business plan, and financial model. Product development. For a great idea person, the product details keep changing for the better, but nothing ever gets finished. Investor negotiations.

Technical Review 333

Technical Review Startup Software Review Retention 333

The Startup Magazine

MARCH 29, 2024

As the founder of Smartvu Ltd., This is why I like to include customers in product development and testing. I also like to be close with customer service finding out how the product is working and what problems the customers have. This helps build a great product but it’s not the best product that wins.

Portugal 118

Portugal Entrepreneur Internet Advertising 118

View from Seed

NOVEMBER 18, 2020

Airbnb convinced travelers to part with 100% of their booking cost up front and then they pay out the required amount to hosts when the stay actually occurs. The straight cost of revenue line is only ~25% of revenue implying a 75% gross margin, assuming you were looking at this in a simplistic revenue / COGS / gross profit manner.

North America 401

North America IPO Prospectus Europe 401

Startup Professionals Musings

AUGUST 19, 2020

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Startup Lessons Learned

APRIL 26, 2009

Lessons Learned by Eric Ries Sunday, April 26, 2009 Product development leverage Leverage has once again become a dirty word in the world of finance, and rightly so. But I want to talk about a different kind of leverage, the kind that you can get in product development. Its a key lean startup concept.

Product Development 88

Product Development Developer San Francisco Product 88

Version One Ventures

OCTOBER 27, 2020

We updated our investment thesis a few months ago…we invest in mission-driven founders at the earliest stages. Since that time, we’ve been asked how we define a mission-driven founder. Let’s start with why we’re focusing on mission-driven founders right now. The market for talent has never been more fierce.

Founder 188

Founder Portfolio Leadership Product Development 188

Berkonomics

OCTOBER 5, 2023

Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. There is an art to efficient management of a process, whether that is the process of bringing a product to market from R&D to production or developing a new product’s launch program.

Silicon Valley 118

Silicon Valley Burn Rate Angel Investor Down Round 118

Steve Blank

MAY 18, 2009

What makes an individual a great startup founder (versus an employee) has been something I had been thinking about since I retired. He welcomed us by screaming, “Do you know how much it costs every minute this line is down.&# Next, you have to deal with the daily crisis of product development and acquiring early customers.

Founder 297

Founder Silicon Valley RSS China 297

Startup Professionals Musings

OCTOBER 19, 2013

“Scope creep” (or feature creep) is an insidious disease that kills more good startups than any other, especially high-tech ones, and yet most founders (who may be the cause) never even see it happening. This term refers to the penchant to add just one more feature to the product or service before first delivery, just because you can.

Technical Review 275

Technical Review Startup Software Review Database 275

Startup Professionals Musings

DECEMBER 24, 2018

Plan to and assemble the right team, including co-founders. You need skills in finance, operations, and marketing to supplement product development, and more hours of work than one person can manage. Calculate your projected costs, and double the amount. Building and running a business is not a solo operation.

Angel Investor 249

Angel Investor Cofounder Finance Operations 249

Version One Ventures

MAY 3, 2023

But India is such a welcoming country that it only took a few weeks of preparation to fill a weeklong schedule with meetings – from a dinner arranged by Shiva with approximately 15 founders in Delhi to a talk about crypto at Builders Circle in Bangalore. group pic from meet-up w/ Delhi founders

India 87

India LP Silicon Valley Vertical 87

YoungUpstarts

FEBRUARY 28, 2018

by Steve Owens, Founder and CTO of Finish Line Product Development Services. Pricing/Cost Issues – 18%. Startups that focus on finding those who execute tasks for the lowest cost, instead of seeking out the best, are much more likely to fall victim to poor execution. Ran out of Cash – 29%.

Startup 133

Startup Revenue Product Development Distribution 133

Steve Blank

MAY 9, 2017

The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. Today startups build products differently.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

YoungUpstarts

MARCH 24, 2014

by Adam Root, founder and CTO of Hiplogiq. The same rule applies to product and app development. Launching a new product can be costly, but adding features to a successful existing product can be even more costly if the additions take away from your product’s unique focus. A DUI lawyer? Didn’t think so.

Fractional CTO 228

Fractional CTO Product CTO Hire Merger 228

YoungUpstarts

MAY 23, 2018

Most startups do not fail because they had a bad idea that could not find a market, but rather because the founders and startup teams got overwhelmed or were missing key ingredients to success. Many founders or startup teams gravitate toward sales or design. Often, founders have an entrepreneurial mindset.

Due Diligence 133

Due Diligence Startup Finance Leadership 133

Startup Professionals Musings

SEPTEMBER 29, 2018

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

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. AskAnything.VC Organize events in your vertical.

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the product development model?

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Startup Professionals Musings

DECEMBER 14, 2015

It really takes a complementary pair of founders to improve the odds. Consider the original founders of Apple and Microsoft as examples. Since both skills are required in equal amounts for success, the single founder failure rate today is reported to far exceed 50 percent. Do both in parallel to be timely.

Technical Review 120

Technical Review Startup Angel Investor Social Media 120

Steve Blank

SEPTEMBER 5, 2018

Jeff Katzenberg has a great track record – head of the studio at Paramount, chairman of Disney Studios, co-founder of DreamWorks and now chairman of NewTV. Lean was designed to inform the founders’ vision while they operated frugally at speed. ” Fire, Ready, Aim. He just hired Meg Whitman. The result?

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

JULY 6, 2011

“Scope creep” (or feature creep) is an insidious disease that kills more good startups than any other, especially high-tech ones, and yet most founders (who may be the cause) never even see it happening. This term refers to the penchant to add just one more feature to the product or service before first delivery, just because you can.

Technical Review 241

Technical Review Startup Software Review Database 241

Startup Professionals Musings

MARCH 4, 2016

The good news is that everyone expects entrepreneurs to make mistakes, since founders explore uncharted territory. In fact, investors recognize that founders usually learn more from mistakes than from success, so a well-explained startup failure can improve their odds of funding the next time around.

Intellectual Property 120

Intellectual Property Startup Forecast Angel Investor 120

Steve Blank

OCTOBER 26, 2020

Nand changed the culture of the JAIC, bringing in Silicon Valley tools for product development, product management and for the first time a culture that focused on UI/UX, MVPs and continuous integration and deployment. And for students of economics, you see the cost curve. The graph on the left just doesn’t work.

Artificial Inteligence 388

Artificial Inteligence Fractional CTO Technology CTO 388

Startup Professionals Musings

SEPTEMBER 14, 2012

“Scope creep” (or feature creep) is an insidious disease that kills more good startups than any other, especially high-tech ones, and yet most founders (who may be the cause) never even see it happening. This term refers to the penchant to add just one more feature to the product or service before first delivery, just because you can.

Technical Review 187

Technical Review Startup Software Review Database 187

Startup Professionals Musings

MARCH 14, 2015

“Scope creep” (or feature creep) is an insidious disease that kills more new business solutions than any other, especially high-tech ones, and yet most founders (who may be the cause) never even see it happening. Founders who constantly give in to changes will get more until the startup breaks. Draw the line between need versus want.

Technical Review 120

Technical Review Product Software Review Database 120

Steve Blank

APRIL 23, 2018

Sloan put in place GM’s management accounting system (also borrowed from DuPont) that for the first time allowed the company to: 1) produce an annual operating forecast that compared each division’s forecast (revenue, costs, capital requirements and return on investment) with the company’s financial goals. Modern Corporation Marketing.

Michigan 268

Michigan Cofounder Stock Forecast 268

Startup Professionals Musings

MAY 4, 2016

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Excellent detailed resources are everywhere, including a new book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S. Building a minimum viable product, with customer validation.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Startup Professionals Musings

MARCH 17, 2014

Serious investors expect founders to have their homework done before the first interaction – documented executive summary, business plan, and financial model. Product development. For a great idea person, the product details keep changing for the better, but nothing ever gets finished. Investor negotiations.

Technical Review 270

Technical Review Startup Software Review Retention 270

YoungUpstarts

NOVEMBER 20, 2019

by Lu Zhang, founder and managing partner of Fusion Fund. Competition from other startups and established incumbents, constraints on time and capital, and limited access to talent and technology resources are just a few of the hurdles nearly every first-time founder faces while trying to build a business.

Technical Review 140

Technical Review Due Diligence Early Stage Differentiation 140

YoungUpstarts

MAY 3, 2017

by Bob La Loggia, founder and CEO of AppointmentPlus. From product development to market research, many startups are one-person operations in their early days. Cloud platforms enable you to access business data from anywhere; they also cut down on the hefty costs associated with in-house servers. The result?

Technical Review 113

Technical Review Management Arizona Software Review 113

techcrunch.com

OCTOBER 23, 2010

The number one question you all asked after reading my last blog post about starting a business from scratch was “how do I find my co-founders?&# And therein lies the problem in finding co-founders for that startup you’re dying to launch. Having trouble meeting folks you think would be good co-founders?

Cofounder 66

Cofounder Founder Silicon Valley Technical Cofounder 66

Startup Professionals Musings

OCTOBER 5, 2014

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

Startup Professionals Musings

JUNE 16, 2021

Founders almost always cite lack of money as the reason for failure, but if you look deeper, I believe the reason is more often about dysfunctional people and leadership. Sometimes it comes right back to the founder, in terms of a malaise often called “founder’s syndrome.” It’s not a disease, but it can kill your startup.

Startup 287

Startup Founder Leadership Demand 287

Startup Professionals Musings

JANUARY 16, 2013

Serious investors expect founders to have their homework done before the first interaction – documented executive summary, business plan, and financial model. Product development. For a great idea person, the product details keep changing for the better, but nothing ever gets finished. Investor negotiations.

Entrepreneur 275

Entrepreneur Technical Review Software Review Retention 275