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Two Ways to Hold Entrepreneurs Accountable (for Harvard Business.

Startup Lessons Learned

For a little while, the team can resort to the last defense of entrepreneurs in trouble: the promised hockey-stick. One thing that is often overlooked about the hockey-stick growth shape: its most distinctive characteristic is the long, flat part. Usually, they are delivering only a fraction of the revenue they promised.

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

As a result, unfounded hockey-stick graphs and unicorn promises give way to financial fluency, realistic expectations, frank conversations about what a business can credibly achieve, and transparency. . Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. Emily Campbell, Esq.

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Airbnb Reflections

Reid Hoffman

When the Airbnb founders walked me through their model, how the hosts were also guests, how their community was developing, and what they’d learned from different markets like Barcelona and New York, it showed me that they were on top of Airbnb’s key business challenge, which is to build powerful marketplace dynamics.

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Lessons Learned: A hierarchy of pitches

Startup Lessons Learned

Most important slide: hockey stick Micro-scale results Key questions: who is the customer, and how do you know? Expo New York New York, NY Nov 19 The Lean Startup at MIT Boston, MA Nov 20 Lunch workshop at Dogpatch Labs Boston, MA Dec 17 Lean Startup Cohort program begins San Francisco, CA KISSmetrics KISSmetrics is loading.

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Lessons Learned: Validated learning about customers

Startup Lessons Learned

This wasn’t very impressive, but we had two things going for us: A hockey stick shaped growth curve. People often forget the most important part of the hockey stick: the long flat part. For example, I’ve talked a few times about how IMVU raised its first venture round with monthly revenues of around $10,000.

Customer 167
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Traction for Your Startup: How to Get It & How Much is Enough

ReadWriteStart

Mark Peter Davis, a New York-based investor with DFJ Gotham Ventures , wrote about this very subject this morning from a VC's perspective. For startups targeting consumers, "investors want to see 'hockey stick' adoption rates which imply consistent or increasing growth rates on a percentage basis," says Davis.

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Sundance and a movie about a web pioneer you may have never heard of

BeyondVC

.  As a VC, you couldn't believe them, but it didn't stop every entrepreneur from using the hockey stick projections in their business plans.    Anyway, he went to start Pseudo.com, one of the first production companies for webisodes and streaming media.