Startup Lessons Learned

SEPTEMBER 22, 2008

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. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Startup Professionals Musings

MAY 4, 2016

Who would not want to joint the unicorns (recent startups with a current valuation of over $1 billion)? He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Up and Running

JULY 14, 2015

Any investor will put their valuation on your business based on a number of factors, including looking at important metrics for your business, patents, or assets. But raising too much money will cause the valuation to increase. Let’s say the valuation an investor puts on your business is $2 million. Assessing need.

Technical Review 60

Technical Review Valuation Due Diligence Finder 60

David Teten

DECEMBER 3, 2019

Lean Case provides standard business models & metrics, so you can apply a standard approach to business planning, modeling, and profitability tracking. The simplest way to track a company’s performance: have them give you access to their internal metrics dashboard. If you have one, please contact me. 7) Negotiate .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

crowdSPRING Blog

MAY 4, 2011

Lean startups: Office space for the 21st Century (what to consider when leasing office space) – [link]. Lean Marketing Strategies for Small Businesses and Startups – [link]. Lean Marketing Strategies for Small Businesses and Startups – [link]. Top 10 tips for email newsletters – [link]. – [link].

Social Media 92

Social Media Small Business Design Media 92

ConversionXL

AUGUST 11, 2021

A sponsorship strategy should cover five areas: Assets Audience data Asset valuation Activations Market identification. Asset valuation. Lean on your professional networks too. An inventory of metrics: Click-through rates, newsletter subscribers, downloads, social engagement, revenue figures, etc. Source ).

Audience 139

Audience Social Media Email Ruby 139

The Next Web

SEPTEMBER 13, 2013

Many Asian entrepreneurs tell me that they want to raise funds from Silicon Valley firms because they perceive the valuations to be higher. Thus, one can say the concept of a “ lean startup ” existed in Asia far longer than in the Valley – it’s just that no one ever wrote a book about it. Finally, don’t over-optimize on valuation.

Asia 132

Asia Silicon Valley India Term Sheet 132

Up and Running

OCTOBER 3, 2018

If you want to put together a strategic plan to map out your business’s growth potential, you might consider a Lean Business Plan. But know that a Lean Plan shares all of the same components of a traditional business plan—it’s just shorter. Milestones and metrics that you’ll need to hit to be viable. Milestones and metrics.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Startup Lessons Learned

OCTOBER 28, 2008

Ill exclude those non- lean startups who basically exist for the purpose of raising bigger and bigger sums of money. Most important slide: valuation Promising results Key questions: can you monetize that traffic? (or How does a lean start-up find the all-star team worthy of pitching? Youre not one of those are you?)

San Francisco 128

San Francisco Lean Continuous Deployment DC 128

Steve Blank

NOVEMBER 5, 2009

This post describes how companies using the Customer Development model can increase their credibility, valuation and probability of getting a first round of funding by presenting their results in a “Lesson Learned&# venture pitch. Your presentation doesn’t have a single word about Lean Startups or Customer Development.

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

steveblank.com

JULY 8, 2011

AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of product development Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Feld Thoughts

NOVEMBER 18, 2013

Convertible debt financings have become an increasingly attractive approach for seed rounds because it delays the valuation discussion, costs less from a legal standpoint, and is an easier financial instrument to “keep raising more small amounts of money” on. No updates, screen comps, or metrics have been publicly shared yet.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Steve Blank

SEPTEMBER 14, 2009

Underwriters realized that as long as the public was happy snapping up shares, they could make huge profits on the inflated valuations (regardless of whether or not the company should have ever been public.) The valuations for acquisitions were nothing like the Internet bubble, but there was a path to liquidity, difficult as it was.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

betashop.com

OCTOBER 8, 2012

Never, ever, choose your investors based on valuation. Alignment of business objectives and personal relationships means tons more than valuation. That means if you’re taking money with a $5M post-money valuation, the expectation is that you are building for a minimum $50M exit. $10M 10M post-money valuation = $100M target.

Technical Review 108

Technical Review Technology Software Review Valuation 108

ReadWriteStart

AUGUST 26, 2022

I will say the one thing we tell all our portfolio companies is to get fit and lean in. So the “get fit” part of it is whatever your circumstances are today, lean inwards a little bit, do some introspection, and figure out which part of the house requires some cleaning up. I like the get fit and lean in. Jonathan Siddharth .

Partner 132

Partner Cofounder Retention Acquisition 132

500hats.com

AUGUST 2, 2012

First Round became a very active investor in consumer internet and e-commerce, on a rather lean investment budget, with several notable exits (including Mint.com to Intuit in 2009 for $170M). However, while YC was growing in prominence & valuation, and scaling the # of companies it was funding every 6 months, something else happened.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

This is going to be BIG.

APRIL 21, 2015

It''s not clear whether the metrics of pre-sales, downloads, or customers acquired with venture dollars are really predictive of great outcomes. I question whether or not seed funds leaning into Series A and B deals really know that they have a winner on their hands just a year to 18 months into the life of the company.

Marketing 60

Marketing IPO Seed Stage Lean 60

Both Sides of the Table

AUGUST 20, 2015

I know many inexperienced market prognosticators (see chart above) claim “VC is dead,” “capital is a commodity,” “crowd-source to the finish line” or “stay lean for life” but I’ve seen directly just how much capital can separate the winners from the losers when raised at the right time.

Churn Rate 150

Churn Rate Silicon Valley Brazil Valuation 150

ReadWriteStart

MARCH 27, 2011

Steve Blank, author of Four Steps to Epiphany , has helped formulate the thinking behind the Lean Startup methodology , together with Eric Ries. He observed that most startups that succeed aren't lean: their goal is to have an exit rather than a scalable business. This is lean development without any customer development.

Lean 144

Lean Startup Agile Coder 144

www.vccafe.com

MARCH 11, 2013

Lean Methodology Sources. Steve Blank on Lean Customer Development. Part 3- Lean Cust. Steve Blank’s Lean Startup Resources. Lean Startup Circle â?? Startup Metrics for Pirates â?? SaaS Metrics Tutorial â?? Lean project management. Seed Stage Valuation Guide. Lean Startup Machine.

Software Review 53

Software Review Technical Review Startup 53

Feld Thoughts

JANUARY 20, 2015

While ostensibly it’s a post about lean vs. fat startups, it really is about discovering product/market fit and it gives a good history lesson on the thinking circa 2010 on this issue. higher multiple, but not linear) your valuation will be. Ben eventually states, and then explains, four product/market fit myths.

Product 70

Product Marketing Valuation Search 70

Hunter Walker

APRIL 4, 2015

When evaluating any metrics around the state of seed financings, I believe valuations have plateaued a bit and one reason is the increase of Straight to A from experienced founders (and these A Rounds not getting tallied in seed data. Here’s what we’ve observed and how we currently think of these rounds.

Cofounder 48

Cofounder Lead Investor Framework Valuation 48

Up and Running

MAY 15, 2019

Even if you’re not seeking funding, it’s still a really good idea to create a Lean Business Plan that you can use to help navigate your business as challenges and opportunities arise. Metrics: Know your numbers. Running a business or Lean Plan review meeting that also covers your financials is a great way to hold yourself accountable.

Oregon 24

Oregon Jordan Software Review Distribution 24

betashop.com

OCTOBER 8, 2012

Find one person, make them your sherpa, and lean on them. . Don’t choose your investors based on valuation. That means if you’re taking money with a $5M post-money valuation, the expectation is that you are building for a minimum $50M exit. $10M 10M post-money valuation = $100M target. Connect With Me.

Post-Money Valuation 92

Post-Money Valuation Valuation Dilution Advisory Board 92

grasshopperherder.com

SEPTEMBER 24, 2011

Valuations. I was approached with one sweat equity offer that placed the valuation of the company at >$5 million pre-money and before even a seed round of funding. I would be very wary of accepting a valuation like this, simply because I’m not qualified and as a consultant, I shouldn’t have to be. Unseen Metrics.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

trada.com

APRIL 7, 2010

You have to constantly be clear about what you are trying to achieve, what metrics move the business forward, how to learn enough about something to form an opinion of it, and in what order you think doing things will set your business up to scale. and we've been leaning towards remaining in stealth mode a bit longer.

Stealth 40

Stealth PPC Advertising Conversion 40