Remove Bootstrapping Remove Product Development Remove Revenue
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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. Billing and revenue collection. Funding process.

Startup 187
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Lessons Learned: Validated learning about customers

Startup Lessons Learned

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.

Customer 167
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Who are the Major Revenue-Based Investing VCs?

David Teten

So you’re interested in raising capital from a Revenue-Based Investor VC. A new wave of Revenue-Based Investors (“RBI”) are emerging. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. We have a special program if you are pre-seed and need product development.

Revenue 60
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8 Myths Technologists Believe That Sink Businesses

Startup Professionals Musings

Outside investors are most interested in scaling a proven business model, not research and development. Thus it’s a waste of time for most entrepreneurs to be looking for investors until they have a product and some customer revenue. Most founders bootstrap product development.

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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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Four Major Startup Stages That You Should Know About

YoungUpstarts

According to Lee M Von Kraus, PHD and a mentor at Clarity.fm, “Early stage startups are usually pre-money startup that are bootstrapping the early development of a product.”. Product development. Initial product development usually consists of prototyping and MVP. Prototyping. You have two options.

Startup 113
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It's a startup, not a spreadsheet

Startup Lessons Learned

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.