Steve Blank

FEBRUARY 25, 2010

A Lean Startup is Eric Ries’s description of the intersection of Customer Development, Agile Development and if available, open platforms and open source. Customer Development is the process startups use to quickly iterate and test each element of their business model.

Customer Development 274

Customer Development Web Developer Customer 274

YoungUpstarts

AUGUST 31, 2019

Start Lean. As tempting as it can be to do everything at once, be patient and start lean. . Building a lean business with lean products ensures you don’t pigeon-hole yourself into a situation where you’re unable to back your way out. Keep Cash Burn Low. The first step is to calculate your burn rate.

Burn Rate 176

Burn Rate Startup Lean Early Stage 176

Steve Blank

SEPTEMBER 7, 2009

Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. Possibly related posts: (automatically generated)Sunset BoulevardBOOTY SHAKE CONTEST GONE [.]

Customer Development 233

Customer Development Developer Customer Silicon Valley 233

Steve Blank

APRIL 20, 2009

But in fact, most startups need to keep their burn rate low more [.] Reply DodaPedia » Blog Archive » How to decide where to live , on June 21, 2009 at 7:18 am Said: [.] to do that. You might think you need to be in Silicon Valley since the people there never shut up about their startup culture.

Silicon Valley 302

Silicon Valley RSS San Francisco Technical Review 302

Steve Blank

MAY 15, 2009

Stay hungry, stay lean. I don’t want to be hungry and lean (nor do I want to be full and fat). It was an odd feeling at that time, we thought we have made it and fail to stay lean and hungry. Is it a given that the “lean, hungry&# culture can actually be maintained forever? Don’t let it happen to you.

Silicon Valley 233

Silicon Valley RSS Lean Agile 233

Feld Thoughts

SEPTEMBER 16, 2011

Dick is focusing his effort on getting some early customer validation and is using a Lean Startup approach. This resulted in an annualized burn rate more in the neighborhood of $55,200 ($4,600 * 12). Once these were up Dick launched several AdWords campaigns to test customer interest.

Balance Sheet 125

Balance Sheet Fractional CTO Burn Rate Salary 125

Feld Thoughts

NOVEMBER 18, 2013

They need to raise money before building anything substantial after determining that they needed a little dough to follow the Lean Startup methodology. Company Hygiene Matters – One of the responsibility of a Board of Directors is to regularly discuss financials, burn rate, and cash management.

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

Startup Lessons Learned

MARCH 27, 2009

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 burn rate, or increase the speed of each iteration. Work in small batches.

San Francisco 117

San Francisco Lean Continuous Deployment DC 117

Startup Lessons Learned

MARCH 13, 2009

And even worse, wed cranked up the burn rate 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. Amazing lean startup resources Is Entrepreneurship a Management Science? How to build companies that matter (the lean start.

San Francisco 168

San Francisco PR Lean Early Stage 168

View from Seed

OCTOBER 24, 2019

As a first time founder, having a few million dollars in the bank after a successful seed raise may seem like a huge amount of capital, and it’s easy to lose discipline around your burn rate.

Dilution 149

Dilution B2B Burn Rate Early Stage 149

Up and Running

APRIL 27, 2020

Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. They’re surviving and finding ways to thrive, but for those looking to start a business, now may be one of the best times to do so. .

Software Review 113

Software Review Lean Forecast Business Plan 113

crowdSPRING Blog

SEPTEMBER 19, 2014

Are startup burn rates out of control? Busting the Lean-Startup Myth – crowdspring.co/1ozOXHA. How Everything We Tell Ourselves About How Busy We Are Is A Lie | Fast Company – [link] crowdspring.co/1uH6HVo. They seem to be | AVC – crowdspring.co/1rbM5FT. Hiring startup engineers? 1ozOXHA.

Social Media 94

Social Media Small Business Design Media 94

techcrunch.com

FEBRUARY 26, 2013

He knows how to advise entrepreneurs on hiring/firing, running teams, managing funding, when/how to control burn rate, and making other tough management decisions in the real environment of startups. What else can a great board member like Keith bring to the party?

Burn Rate 87

Burn Rate Hiring Engineer Entrepreneur 87

Mucker Lab

MAY 28, 2020

Or, you feel like you have so much cash that you can afford to burn it until your original idea eventually works. Sometimes founders misapply lean startup methodology. More and more investors have begun to shun high burn rates. Funding can fuel both flawed mindsets. Hoarding is not a solution to premature scaling.

Startup 78

Startup Cofounder Burn Rate Technical Review 78

Up and Running

APRIL 30, 2020

Each scenario combines the key numbers in the hypothetical case and explores the impact on the bottom line, and helps you define your cash burn rate and runway. You keep it lean and use a continuous review-and-revise mentality to steer your business through the crisis. Good planning is a process, not just one static plan.

Forecast 120

Forecast Balance Sheet Burn Rate Software Review 120

YoungUpstarts

MAY 12, 2020

Analyze your ongoing burn-rate in both normal scenarios and ‘bear-bones’ scenarios. Consider where you can optimize your burn rate. The key is to run as lean as possible without sacrificing quality. Here are seven best pieces of advice for anyone running their own business right now.

Burn Rate 264

Burn Rate Bandwidth Lean Business Model 264

Startup Professionals Musings

JUNE 18, 2012

That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Best of all, it’s even considered “ultra-cool” these days to be a lean startup. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Technology costs.

Cost 255

Cost Burn Rate SEM Startup 255

Startup Professionals Musings

JULY 4, 2021

Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Much has been written about this subject in the world of manufacturing, stemming primarily from the 1990’s work by Taiichi Ohno, called the Toyota Production System (“Lean”).

Startup 404

Startup Lean Metrics Matching 404

Startup Professionals Musings

AUGUST 4, 2011

The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. In a startup, these don’t exist, and you have forgotten about how to self-learn, and there are no in-house experts to lean on. Manage a team rather than work with a team. There is a difference. Count on getting paid for your efforts.

Startup 258

Startup Burn Rate Salary Lean 258

Startup Professionals Musings

DECEMBER 15, 2014

Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier. It’s just human nature that we remember the pain of earning our own dollars, versus those “donated” by someone else. Sometimes survival requires staying under the radar.

Bootstrapping 276

Bootstrapping Entrepreneur Startup Burn Rate 276

Startup Professionals Musings

FEBRUARY 15, 2011

That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Best of all, it’s even considered “ultra-cool” these days to be a lean startup. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Technology costs.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Startup Professionals Musings

JUNE 28, 2013

Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier. It’s just human nature that we remember the pain of earning our own dollars, versus those “donated” by someone else. Sometimes survival requires staying under the radar.

Startup 264

Startup Burn Rate Bootstrapping Valuation 264

Startup Professionals Musings

DECEMBER 9, 2013

The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. In a startup, these don’t exist, and you have forgotten about how to self-learn, and there are no in-house experts to lean on. Manage a team rather than work with a team. There is a difference. Count on getting paid for your efforts.

Entrepreneur 239

Entrepreneur Burn Rate Salary Lean 239

Startup Professionals Musings

OCTOBER 25, 2012

The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. In a startup, these don’t exist, and you have forgotten about how to self-learn, and there are no in-house experts to lean on. Manage a team rather than work with a team. There is a difference. Count on getting paid for your efforts.

Burn Rate 233

Burn Rate Startup Salary Lean 233

Startup Professionals Musings

JULY 4, 2010

The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. In a startup, these don’t exist, and you have forgotten about how to self-learn, and there are no in-house experts to lean on. Manage a team rather than work with a team. There is a difference. Count on getting paid for your efforts.

Entrepreneur 230

Entrepreneur Burn Rate Salary Lean 230

Both Sides of the Table

APRIL 23, 2011

The second phase will be who can get the right combination lean back, lean forward, interaction, enhanced data, and make it fun. They had a very expensive burn rate at the wrong time. What’s your point of view on next generation video entertainment? (34:30 34:30 – 37:00). Why do you think Veoh didn’t succeed? (40:30

Vertical 265

Vertical Curation Boston Burn Rate 265

Gust

DECEMBER 1, 2013

The result is a startup with an exorbitant burn rate, and a very unhappy entrepreneur. In a startup, these don’t exist, and you have forgotten about how to self-learn, and there are no in-house experts to lean on. Manage a team rather than work with a team. There is a difference. Count on getting paid for your efforts.

Entrepreneur 182

Entrepreneur Burn Rate Salary Lean 182

Gust

DECEMBER 7, 2014

Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier. It’s just human nature that we remember the pain of earning our own dollars, versus those “donated” by someone else. Sometimes survival requires staying under the radar.

Bootstrapping 191

Bootstrapping Entrepreneur Startup Burn Rate 191

Steve Blank

SEPTEMBER 17, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development. This post describes a solution – the Customer Development Model.

Customer Development 255

Customer Development Developer Customer Silicon Valley 255

Gust

JUNE 10, 2012

That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. Best of all, it’s even considered “ultra-cool” these days to be a lean startup. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Technology costs.

Cost 139

Cost Burn Rate SEM Startup 139

BeyondVC

DECEMBER 10, 2009

Finally cash is an important metric for all startups - watching the burn rate and being proactive about it can keep you fighting through the lean times and prepared for growth. While many SAAS companies may collect cash monthly or quarterly, some collect annual fees by offering discounts by paying upfront.

Churn Rate 112

Churn Rate Burn Rate Startup Metrics 112

Both Sides of the Table

MARCH 30, 2016

We had grown into a more reasonable burn rate so raising capital meant we would have many years of cash on the balance sheet. Some startups will get ahead of the difficult task of attracting capital in markets with more scrutiny and will adjust burn-rates, growth rates and prices. Great companies get financed.

Balance Sheet 150

Balance Sheet Burn Rate Valuation Forecast 150

Start Up Blog

JUNE 18, 2014

Burn Rate – used to be a sign that this new business venture wasn’t going so well. Lean – used to be called doing things on a budget. (Oh, Runway – used to be known as the bank balance and how long we had left before going bust.

Burn Rate 81

Burn Rate Startup Lean .Net 81

The Equity Kicker

AUGUST 13, 2015

As with weight, burn rates are very easy to increase but take large amounts of discipline and suffering to decrease. It sounds trite to say ‘don’t get fat, stay lean’ but it’s harder for companies to stay lean than you might think. I love the analogy.

Burn Rate 60

Burn Rate Lean Employee Startup 60

Up and Running

APRIL 2, 2020

Instead, start with the quick and easy lean business plan , to help you map out your business and financing activities over the next few months. Also, for your crisis plan, be sure that you know your burn rate and runway , which is how quickly you are using up your cash reserves and how long you have before you run out of cash.

Forecast 157

Forecast Salary Business Plan Balance Sheet 157

Startup Lessons Learned

JULY 6, 2020

I think once we lean on the community, the community really has uplifted us to an even more promising stage. The current burn rate wouldn't last us very long, and we are committing all our resources now because we think that we don't do it now, we don't do it ever. Eric Ries : What were those initial submissions like?

Artificial Inteligence 60

Artificial Inteligence Open Source Cofounder Design 60

BeyondVC

DECEMBER 9, 2009

  Finally cash is an important metric for all startups – watching the burn rate and being proactive about it can keep you fighting through the lean times and prepared for growth.    This is a great way for SAAS companies to keep the cash coming in earlier so they can use it to fuel growth.

Churn Rate 78

Churn Rate Burn Rate Startup Metrics 78