Both Sides of the Table

NOVEMBER 3, 2009

That died with waterfall software development. Usually in a tech / software startup 70-80% of your costs will be people. How many people will you hire in the first 24 months and in which sequence. Don’t know the running rate for engineers? I won’t need to hire many engineers or customer support staff.

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Business Plan AJAX Venture Capital Technical Review 334

Steve Blank

NOVEMBER 2, 2009

The key contributors to an out-of-control burn rate is 1) hiring a sales force too early, 2) turning on the demand creation activities too early, 3) developing something other than the minimum feature set for first customer ship. The Customer Development process (and the Lean Startup) is one way to do that.

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Lean Silicon Valley Startup RSS 263

VC Cafe

JULY 26, 2020

In fact, they were screaming at them to dramatically reduce their burn rates. Angel investment, which was small to start with, disappeared, and most corporate VCs shut down. VC’s were no longer insisting that startups spend faster, and “swing for the fences”. It was a nuclear winter for startup capital.”

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Startup Professionals Musings

SEPTEMBER 14, 2016

Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. It doesn’t take a financial genius to recognize that you need to keep your burn rate low. Cash flow out equates to burn rate, and the runway depends on your reserves.

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Burn Rate Hockey Stick Startup Salary 120

Transformify

AUGUST 27, 2017

All of the above is true, but it is also true that many startups have failed because they hired too early, too fast, or fired too late. Many of the points below can be found among the best hiring practices for startups and there is nothing wrong with them in general. Then the hiring begins. Outsource the development of your MVP.

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Hiring Software Review Burn Rate Startup 64

YoungUpstarts

AUGUST 19, 2016

While you absolutely need to keep an eye on earnings and burn rate, human capital is ultimately the fuel that makes the machine run. Depending on your startup’s needs, it can be a toss-up on whether to hire for attitude or skill. Others may need a high-level new hire to start things off with a bang.

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Startup Burn Rate Cofounder Salary 100

crowdSPRING Blog

OCTOBER 10, 2014

. “the people you fire are more important to your [company''s] culture than the people you hire.” Refocusing the Startup Burn Rate Debate | OpenView Blog – crowdspring.co/1n8paLq. 5 Ways to Hire the Best Talent for Your Startup Team – crowdspring.co/1ptyfds. ” – crowdspring.co/1slKVZ2.

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Social Media Small Business Design Media 97

crowdSPRING Blog

SEPTEMBER 19, 2014

Are startup burn rates out of control? This Invaluable Lesson Will Keep You From Making Catastrophic Hiring Mistakes - crowdspring.co/XeV4JS. Hiring startup engineers? Legal Contracts for Software Developers Who Hate Contracts (w/free contract template to use today) – [link].

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Social Media Small Business Design Media 94