Remove Burn Rate Remove Management Remove Networking
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Why Founders Should Know How to Code

Steve Blank

He was using 3 rd parties to build his app but he had no expertise on how to manage external developers. The emphasis on the rapid development and iteration of MVP’s is to speed up how fast you can learn ; from customers, partners, network scale, adoption, etc. There were three problems with Dave’s startup.

Cofounder 336
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What Makes an Entrepreneur (2/10) – Street Smarts

Both Sides of the Table

I just knew that our sales sucked wind and we were burning through tons of cash. I advocated LOUDLY at the board that we needed to cut our burn rate. I walked through my logic, “well, if a customer installs your tool on his website he’s going to have to hire an entire staff to manage the project.

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The Secret History of Silicon Valley Part V: Happy 100th Birthday.

Steve Blank

. * By the late 1930′s when HP started, a small group (measured in hundreds) of engineers who made radio tubes were building the valleys’ ecosystem for electronics manufacturing, product engineering and technology management. But in fact, most startups need to keep their burn rate low more [.] Who would have known?

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How much does it cost to build the world’s hottest startups?

The Next Web

Henrik Werdelin , the Managing Partner of Prehype , a venture development firm based in New York City that has helped build companies like Tradable , Barkbox , FancyHands , Basno and Path , says recreating Twitter isn’t necessarily difficult, but the layered features will take time to get right. 1) Twitter. 8) Angry Birds.

Cost 168
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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

This second kind of seed financing can be a double-edged sword for the entrepreneur and company if not very carefully managed. A review of the cash position, burn rate, and execution plan would have revealed there was not enough cash on hand to nail the pivot while leaving 3-6 months of time in market before raising again.

Burn Rate 153
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Startup Grind Turns the Tables on Mark Suster

Both Sides of the Table

I started as a programmer, and then a database designer, and then a project manager, and I led conversion teams. And my specialty was computer networks. So I joined this group called Network Solutions, we did computer networking, the predecessor to the internet. And I’m now managing partner six years later.

Cofounder 337
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“Venture Assistance”: A Philosophical View Of What Boards Should And Should Not Do

techcrunch.com

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. Those advisors don’t make decisions for management.