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And even worse, wed cranked up the burnrate in order to be ready to handle all those millions of mainstream customers we anticipated. The Lean Startup Intensive is tomorrow at Web 2.0. Case Study: Continuousdeployment makes releases n. Amazing lean startup resources Is Entrepreneurship a Management Science?
In lean times, it’s most important to focus on cutting costs in ways that speed you up, not slow you down. To increase the number of iterations you have left, you can either increase cash on hand (by raising money or increasing revenues), reduce burnrate, or increase the speed of each iteration. Work in small batches.
The passionate early adopters who flocked to the product at its launch could not sustain this outsized burnrate. As we move into a new economic climate, its my hope that our industry will stop this expensive kind of learning and start building lean startups instead. The Lean Startup Intensive is tomorrow at Web 2.0.
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