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I would say the norm for many early-stage companies is somewhere between 6-10 in-person meetings per year. The earlier stage the more likely it is 10 meetings and the laterstage the more likely it is 6. The Agile Board. Ask for short conference calls. Don’t have calls for calls sake. Have topics.
Agile – you may find the real opportunities for your company was somewhere else. Yet for every founder there are 10-20 other employees who take the near-equivalent risks in joining an early-stage company. If you’re not a founder (by choice, timing or temperament,) you may be an early employee or a laterstage startup employee.
Fourth, in the last decade, corporate investors and hedge funds have jumped into laterstage investing with a passion. Their need to get into high-profile deals has driven late-stage valuations into unicorn territory. Founder-friendly became a competitive advantage for his firm Andreessen Horowitz.
Incubators and accelerators like Y-Combinator have institutionalized experiential training in best practices (product/market fit, pivots, agile development, etc.); And in laterstage rounds an explosion of corporate VCs and hedge funds now want in to the next unicorns.
The sooner you pass your work on to a laterstage, the sooner you can find out how they will receive it. Sounds very similar to agile development which is the way. This is actually a hard case to make, because most of the benefits of small batches are counter-intuitive. Small batches mean faster feedback. Expo SF (May.
This solution is a philosophy, and this philosophy is AGILE. Agile is a manifesto that has been put forth by a bunch of people and to implement it. Moreover, scrum and agile aren’t the same thing. Each sprint is reviewed to minimize the errors so that the confusions during the laterstages are avoided.
For example, one of the angels I pitched to cared deeply about our competitive landscape, whereas another wasn’t too concerned about the competitive landscape, he was more interested in our financial assumptions and my team’s ability to implement in an agile fashion. Angels vs. venture capitalists. 51 percent).
The advantages of cross-functional teams are well documented, and for a thorough treatment I recommend the theory in the second half of Agile Software Development with Scrum. In order to prevent people from bunching up in the laterstages of the work pipeline, those leaders need to be focused on automation and continuous improvement.
And lastly summarise all the above points for easy referencing at laterstages. Then you decide which development methodology to follow – traditional or agile. You then draw the hierarchy of your operational and managerial roles. Now you design a sales and marketing strategy. Then you figure out all the finances.
Even if that startup is ultimately unsuccessful or you’re joining a fairly large, laterstage startup, getting the experience of being in a high growth company surrounded by other entrepreneurially minded people is the single best way to prepare for being a founder.
In general, when a startup is young with relatively simple operations, Finance is an easier function to outsource as the work requires less company-specific knowledge, agility, and database access (you’re closing the books monthly, not monitoring marketing campaigns or product experiments weekly). When to make your first analytics hire.
However, this financial bar has had the effect of excluding one segment of potential customers that Id really like to see there - early stage entrepreneurs who have all the intelligence and vision of their laterstage counterparts, but simply cannot afford the cash flow to attend. Expo SF (May.
Atlassian: How to Build a Kick-Ass Agile Team. Peter: I’m feeling agile, I’m feeling lean, nice and spry. Jonathan: I don’t know about the agility thing, but you’re looking lean. Peter: …to our topic today, “How to apply agile methodology to your business?”
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