Remove Bootstrapping Remove Business Model Remove Product Development
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Don’t Let Investors Conclude Your Startup Is A Hobby

Gust

This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. If you are contracting or outsourcing, this is even more important.

Startup 187
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8 Myths Technologists Believe That Sink Businesses

Startup Professionals Musings

If you consider yourself a technologist, you probably believe and may be propagating one of the following myths: The first priority for funding should be to develop the technology. Outside investors are most interested in scaling a proven business model, not research and development.

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Lessons Learned: Validated learning about customers

Startup Lessons Learned

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) In fact, this company hasn’t shipped any new products in months.

Customer 167
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Strategy Roundtable: Spotlight On Jacksonville, Florida

ReadWriteStart

Eric has done some technology scouting, and believes he can deliver on the specs of the product. The problem, however, is that he is assuming that an investor would fund the product development. Even seed investors generally fund businesses that are already rolling. Investors rarely fund concepts. SustanAbin.

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Trials and Tribulations of the New Uncover

Spencer Fry

Anyone who works in product development will know that ten months is an eternity. Unfortunately, it’s just the nature of product development — and especially so when you’re working with part-time people —that deadlines are missed and work takes much longer than you expected. Why Bootstrapping is Good and Bad.

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It's a startup, not a spreadsheet

Startup Lessons Learned

One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. For example, say that your business model calls for a 4% conversion rate – as ours did initially at IMVU.

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Don’t Let Investors Conclude Your Startup Is A Hobby

Startup Professionals Musings

This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. If you are contracting or outsourcing, this is even more important.

Startup 268