Startup Professionals Musings

SEPTEMBER 26, 2018

Others wait until the new business starts to generate revenue and profit before making the move. In my experience as a startup advisor, I find the minimum time to revenue is at least a year. Even the most successful startups can’t sustain founder salaries for the first couple of years. Which is right?

Salary 383

Salary Cofounder Lean Revenue 383

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

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Customer San Francisco Lean Hockey Stick 167

Up and Running

JULY 26, 2016

Between January 2015 and January 2016, we grew our platform Slidebean from $1K to $20K in monthly recurring revenue. Getting the first tracks of revenue is one of the toughest processes of building a startup. Lean marketing. Customer Lifetime Value (LTV): The potential revenue that you’ll be receiving from a given user.

Revenue 60

Revenue Acquisition Channel Campaign 60

Duct Tape Marketing

FEBRUARY 10, 2022

Jason is a Co-founder of Thriveal, a firm that helps entrepreneurial CPA firms connect, learn and grow. John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the salesman podcast, hosted by will Barron brought to you by the HubSpot podcast network. Marketing Podcast with Jason Blumer.

CPA 70

CPA Technical Review Revenue Forecast 70

Startup Lessons Learned

SEPTEMBER 22, 2008

is an elegant way to model any service-oriented business: Acquisition Activation Retention Referral Revenue We used a very similar scheme at IMVU, although we werent lucky enough to have started with this framework, and so had to derive a lot of it ourselves via trial and error. The Lean Startup Intensive is tomorrow at Web 2.0.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

ConversionXL

MARCH 19, 2020

Greater discipline during boom times offered more flexibility during lean years. And getting it right during the lean years, Bain reports , has a massive impact on companies’ growth rate after things improve: ( Image source ). As the recession wrapped up, they had to remind consumers of lean times. recession in 2009.”.

Marketing 121

Marketing Campaign Non-Compete Lean 121

View from Seed

JULY 24, 2015

On Tuesday, July 21, we hosted the first-ever Boston Consumer Tech Summit. The invite-only event was attended by 300 of the area’s best tech leaders, founders, product managers, designers, developers, investors, engineers, salesmen and women, and more, all of whom are hard at work in consumer tech. Half our portfolio is consumer.

Boston 120

Boston Cofounder B2C PR 120

Startup Lessons Learned

NOVEMBER 8, 2008

This theory has become so influential that I have called it one of the three pillars of the lean startup - every bit as important as the changes in technology or the advent of agile development. Instead, we do everything possible to validate the founders belief. We dont just abandon the vision of the company at every turn.

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Customer Development Developer San Francisco Customer 168

Startup Lessons Learned

JUNE 15, 2009

Of all the tactics I have advocated as part of the lean startup , none has provoked as many extreme reactions as continuous deployment , a process that allows companies to release software in minutes instead of days, weeks, or months. The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May. for Harvard Business Revie.

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Continuous Deployment Software Review San Francisco Lean 167

Startup Lessons Learned

FEBRUARY 20, 2009

I owe it originally to lean manufacturing books like Lean Thinking and Toyota Production System. If you can start getting ROI on a feature in month one of a twelve month project versus waiting until the end, youve comparatively reduced the cost of development by the revenue generated by that feature over 11 months. Expo SF (May.

San Francisco 161

San Francisco Software Review Continuous Deployment Development Team Review 161

Startup Lessons Learned

DECEMBER 23, 2009

They were accustomed to measuring their progress primarily by gross revenue compared to their targets. They were accustomed to measuring their progress primarily by gross revenue compared to their targets. The Lean Startup Intensive is tomorrow at Web 2.0. Amazing lean startup resources Is Entrepreneurship a Management Science?

Metrics 167

Metrics San Francisco Lean Continuous Deployment 167

Startup Lessons Learned

JANUARY 15, 2010

Usually, they are delivering only a fraction of the revenue they promised. Usually, they are delivering only a fraction of the revenue they promised. The Lean Startup Intensive is tomorrow at Web 2.0. Amazing lean startup resources Is Entrepreneurship a Management Science? Expo SF (May. for Harvard Business Revie.

Hockey Stick 105

Hockey Stick San Francisco Entrepreneur Lean 105

Startup Lessons Learned

NOVEMBER 17, 2008

If youre making revenue, you should be finding ways to grow it predictably month-over-month; if youre focused on customer engagement, your product should be getting more sticky, and so on. Some companies and founders refuse to serve existing customers, and are always lurching from one great idea to the next. Expo SF (May.

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

Startup Lessons Learned

JANUARY 2, 2009

For the rest of us, there is an alternative: to create credibility by building a lean startup. We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. My 2008 revenues were over $100k on a 35k inventory. Retention cohort analysis.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

Startup Lessons Learned

JUNE 5, 2009

And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable. In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

ConversionXL

AUGUST 11, 2021

All companies that This Week in Startups’ audience of entrepreneurs, company founders, and marketers would be interested in. For example, if your audience wants to learn more about a particular theme in your book, you could work with your sponsor to create a course that’s hosted on the sponsor’s website. Market identification.

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Audience Social Media Email Ruby 139

Both Sides of the Table

JULY 16, 2010

So super angel and seed funds are proliferating – As a result there has been an explosion in the number of amazing early-stage investors such as Softtech VC , Floodgate , Felicis Ventures , K9 Ventures , OATV , Lowercase Capital , Founder Collective , and many, many more. Staying “lean&# is not an option. That’s OK.

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LP Technical Review Early Stage Silicon Valley 311

Startup Lessons Learned

AUGUST 24, 2009

Just like in the world of startups, we can start to use micro-scale pilot programs, executed in lean fashion, to gather real facts for making ROI decisions about new project investment. What is the right revenue model? I ask because as you mentioned there is a gap between people embracing lean principles and those who won't.

San Francisco 113

San Francisco Lean Technical Review Distribution 113

Startup Lessons Learned

OCTOBER 30, 2008

Lessons Learned by Eric Ries Thursday, October 30, 2008 John Doerrs 10 lean startup tips I just saw video of John Doerrs talk yesterday at VentureBeat’s “How to manage your start-up in the downturn&# roundtable event. Not just about expenses, about increasing revenue. Everyone from the receptionist to engineers is selling.

Lean 121

Lean San Francisco Continuous Deployment DC 121

Startup Lessons Learned

DECEMBER 28, 2009

No automated test is going to catch that, but it still will drive revenue to zero. No automated test is going to catch that, but it still will drive revenue to zero. The Lean Startup Intensive is tomorrow at Web 2.0. Amazing lean startup resources Is Entrepreneurship a Management Science? Expo SF (May.

Continuous Deployment 122

Continuous Deployment San Francisco Lean Metrics 122

View from Seed

FEBRUARY 2, 2016

The community has given birth to tremendous successes and lots of failures, participants have come and gone, round sizes have grown, hot sectors have cooled, reignited, and cooled again, and founders have come from every conceivable background to build here and seek talent, customers, and funding from an increasingly diverse field of investors.

Seed Stage 120

Seed Stage New York New York City Startup 120

Austin Startup

FEBRUARY 1, 2018

Darren Nix , Group Manager of the Assessments product team at Indeed and founder of the Y Combinator -backed startup Interviewed (acquired by Indeed), puts it this way: “Users can’t design your product for you. Hunter Brennick , co-founder and COO of Landing Lion , emphasizes humility and listening for product managers.

Management 85

Management Product Technical Review Software Review 85

Up and Running

JUNE 19, 2013

on lean start-ups : The Times continues the venture capital conversation with Steve Blank , a serial entrepreneur and founder of the lean start-up movement. Anxious about the Affordable Care Act? You’re not alone. You can stream the event live at 4 p.m. today EST. But what about micro businesses?

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Venture Capital Finance Lean New York 70

ReadWriteStart

JUNE 29, 2020

In other words, it was first seen in an animal like a bat, and it consequently jumped from an animal host to a human host. Once in its human host, COVID-19 mutated so that it could spread via person-to-person transmission. It means relying on your own savings and revenue to operate and expand.”.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Startup Lessons Learned

MAY 1, 2009

Lessons Learned by Eric Ries Friday, May 1, 2009 Lean Startup webcast post-game Wow, what an incredible turnout for webcast this morning, right on the heels of a phenomenal crowd at startup2startup last night. Its been a great twelve hours for the lean startup! wogsland : Still not understanding the "lean" aspect. What a thrill.

Lean 60

Lean San Francisco Startup Continuous Deployment 60

Ben's Blog

MAY 15, 2020

In the fallout from the pandemic, most founders and CEOs are in the process of completely revamping their growth models from the bottom up amid new and unpredictable consumer behavior. ” And I think, specifically for founders who are probably listening to this, the category data is interesting but it’s actually not that helpful.

Founder 36

Founder Conversion Technical Review Cash Position 36

Duct Tape Marketing

APRIL 27, 2023

He is the co-founder of McKee Wallwork, a nationally recognized marketing advisory firm that made the Inc. Recent, an episode featured Max Novak, the founder of Nova Cast, where he talked all about how podcast booking campaigns create value for listeners and for brands. Click on over and give us a review on iTunes, please! Yeah, yeah.

Technical Review 63

Technical Review Cofounder Kansas City Tulsa 63

Startup Lessons Learned

AUGUST 16, 2010

First, SlideShare is a fantastic product (that I use on a regular basis) and an impressive company example of Lean Startup practices in action. Second, their story illustrates a key Lean Startup idea: proving the business in micro-scale. Second, their story illustrates a key Lean Startup idea: proving the business in micro-scale.

San Francisco 167

San Francisco Lean Analytics Continuous Deployment 167

Up and Running

OCTOBER 3, 2014

The term ‘pivot’ – as it relates to business – was coined by Eric Ries in his book “The Lean Startup”. In fact, Hershey chocolates would not be here today had their founder, Milton Hershey not persevered. In fact, if you don’t know your target market, the lean startup methodology is strongly recommended.

Management 96

Management Lean Audience Business Plan 96

Startup Lessons Learned

JANUARY 27, 2009

These are companies that generate revenue by offering a free product with an upsell or premium version. For founders, I think it also has another big attraction: the ability to avoid a lot of " free vs paid " arguments. The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May. for Harvard Business Revie.

San Francisco 148

San Francisco Lean Continuous Deployment DC 148

Startup Lessons Learned

MARCH 21, 2013

Lean Analytics is the latest addition to the Lean Series. The following table shows some examples of an OMTM based on stage and model: Many Mores The book goes into detail about how founders can move the needle a different stages of growth.

Analytics 167

Analytics Lean Metrics Churn Rate 167

Startup Lessons Learned

JULY 22, 2020

I have been the witness to it many times in my career because I work with startup founders. I'm the founder and executive director of SF New Deal. Prior to COVID, I was and still am the founder and owner of Three Babes Bakeshop, a small bakery business here in San Francisco. Here's my conversation with Lenore Estrada.

San Francisco 60

San Francisco Government Technical Review Community 60

Up and Running

MARCH 24, 2015

Every entrepreneur has heard of the Lean Startup methodology ; it’s a great way to prove demand with less time and money and to prevent building a product that no one will want. In practice though, the Lean Startup methodology is hard to figure out. As a New-York-City-based startup founder, I’ve been asked these questions many times.

New York City 60

New York City Web New York San Francisco 60

ConversionXL

OCTOBER 7, 2021

Depending on its complexity, new product development can last for years, accruing research, prototyping, and production costs without bringing in revenue. And we charge money for it.” – Eric Ries, The Lean Startup. CXL founder, Peep Laja, explains the benefits of this in his post on identifying your online target audience : .

Product 142

Product Marketing Software Review Social Media 142

www.instigatorblog.com

MARCH 2, 2010

The Board probably existed beforehand, but was made up only of the founders. I hadn’t really thought of it that way before, but there’s a certain comfort in thinking about having a team of people you can lean on for advice, help, questions, support, etc. There’s no surprise there. Why wouldn’t you?

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Advisory Board Startup Cofounder Equity 40

Up and Running

SEPTEMBER 8, 2014

Lambrine Macejewski, is the co-founder of Cocina 214, a contemporary Mexican restaurant in Winter Park, Florida. That said, we suggest beginning with a “lean plan” rather than the cliché long, dry business plan. . Yuen Yung owns fast sushi restaurants called How Do You Roll? Below are their tips for success.

Philadelphia 143

Philadelphia Business Plan Hiring Florida 143

Startup Lessons Learned

JANUARY 10, 2011

We also cavalierly lampoon the “suits” that get brought in to run startups after the founders are fired by callous VC’s. They have the ultimate responsibility in a venture-backed company of deciding whether to fire the founders and bring in “professional management.” I also frequently see the reverse. And there’s a worse fate, too.

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Silicon Valley San Francisco Lean Investment Bankers 167