Capital Call Conversion Lean 
Both Sides of the Table
NOVEMBER 3, 2009
Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. portfolios. You get the point.
Babbling VC
JANUARY 7, 2011
We keep hearing about lean start-ups and how much costs have dropped when launching and growing a business. Conversely you could blame the LP's (limited partners: the investors in venture funds) and say they are the one's not risking it enough. At the same time, businesses in Europe have always been forced to make do with less.
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