The Next Web

DECEMBER 2, 2013

We interviewed the heads of the top Web and mobile development companies, incubators, agencies and labs to understand what it takes to design and develop the most successful apps of our generation. Here are their breakdowns of the costs and time investments to create 10 of the world’s hottest startups. million to develop.”.

Cost 168

Cost San Francisco New York City Ruby 168

Startup Professionals Musings

SEPTEMBER 13, 2022

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

TechEmpower

MARCH 4, 2024

It plays a crucial role in product development too, where generative AI speeds up design processes, streamlines testing, and tailors user experiences effectively. By processing and analyzing large datasets, AI can identify emerging trends, enabling companies to align their product strategies with future market demands.

Generative AI 297

Generative AI CTO Hire Fractional CTO Software Review 297

The Startup Magazine

AUGUST 12, 2024

Part of the reason this value is taking longer than expected to emerge is due to operating costs. Moreover, these costs increase exponentially with the size of the data sets that algorithms process. Meanwhile, 41% of companies consider the high costs involved in ML experimentation to be the main challenge they face.

Technical Review 167

Technical Review Cost Artificial Inteligence Analytics 167

Startup Professionals Musings

JANUARY 30, 2022

Product development chasm. Another common chasm is never-ending product development. Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost.

Technical Review 375

Technical Review Startup Dilution Early Stage 375

Startup Professionals Musings

DECEMBER 6, 2019

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

MAY 17, 2020

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

The Startup Magazine

FEBRUARY 26, 2021

Not sure how to account or tax the website development costs? New product development business concept on device screen. Before you can start determining the tax treatment for your website development costs, you need to determine what you use your website for. Haven’t a clue how to answer those questions?

Web Development 127

Web Development Balance Sheet Cost Developer 127

Startup Professionals Musings

NOVEMBER 28, 2020

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Building a minimum viable product, with customer validation. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

View from Seed

NOVEMBER 18, 2020

Airbnb convinced travelers to part with 100% of their booking cost up front and then they pay out the required amount to hosts when the stay actually occurs. The straight cost of revenue line is only ~25% of revenue implying a 75% gross margin, assuming you were looking at this in a simplistic revenue / COGS / gross profit manner.

North America 401

North America IPO Prospectus Europe 401

The Startup Magazine

JANUARY 5, 2025

Be sure to identify areas where you can cut costs without compromising quality too much. The most high impact areas in any business are usually marketing, employee training and product development. You also need to understand your profitability and your expenses as well.

Software Review 147

Software Review Technical Review Retention Campaign 147

Up and Running

SEPTEMBER 11, 2020

In fact, some of the biggest company expenses start off as cost-cutting measures. Cutting costs vs. cutting corners. It can also be a result of second-rate cost-reduction tactics. Are you cutting costs or merely cutting corners? Are you cutting costs or merely cutting corners? Have you been making the same mistake?

Cost 150

Cost Technical Review Salary Social Media 150

Startup Professionals Musings

JANUARY 22, 2023

Silicon Valley’s conventional model is to integrate local experienced engineering, product development, and marketing people for the big push. The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers.

Global 345

Global Silicon Valley Marketing Indonesia 345

Startup Professionals Musings

OCTOBER 19, 2013

Make a visible event at the executive level out of the final specification approval, detailing features, costs, and time frames. Make sure everyone knows that changes after this point will have personal consequences, and will delay the product and increase the cost. Define milestones for cost review and sign-off.

Technical Review 275

Technical Review Startup Software Review Database 275

Startup Professionals Musings

MARCH 21, 2021

Product development. For a great idea person, the product details keep changing for the better, but nothing ever gets finished. Many experts suggest it costs six times more to sell something to a new customer than to an existing customer. They expect prompt formal follow-up to questions. Customer retention.

Technical Review 333

Technical Review Startup Software Review Retention 333

Startup Professionals Musings

MAY 1, 2020

Silicon Valley’s conventional model is to integrate local experienced engineering, product development, and marketing people for the big push. The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers.

Silicon Valley 312

Silicon Valley Indonesia Venture Capital Global 312

Startup Professionals Musings

JULY 6, 2011

Make a visible event at the executive level out of the final specification approval, detailing features, costs, and time frames. Make sure everyone knows that changes after this point will have personal consequences, and will delay the product and increase the cost. Define milestones for cost review and sign-off.

Technical Review 241

Technical Review Startup Software Review Database 241

YoungUpstarts

MARCH 24, 2014

The same rule applies to product and app development. Launching a new product can be costly, but adding features to a successful existing product can be even more costly if the additions take away from your product’s unique focus. Professionalisms Adam Root Hiplogiq product development startup'

Fractional CTO 228

Fractional CTO Product CTO Hire Merger 228

Startup Professionals Musings

FEBRUARY 12, 2023

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

Startup Professionals Musings

APRIL 27, 2019

Product development chasm. Another common chasm is never-ending product development. Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost.

Technical Review 255

Technical Review Dilution Early Stage Product Development 255

Startup Professionals Musings

NOVEMBER 10, 2012

Product development chasm. Another common chasm is never-ending product development. Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost.

Startup 254

Startup Technical Review Dilution Early Stage 254

Startup Professionals Musings

DECEMBER 18, 2013

Product development chasm. Another common chasm is never-ending product development. Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost.

Entrepreneur 252

Entrepreneur Marketing Technical Review Dilution 252

Startup Professionals Musings

JANUARY 29, 2022

Cost of a planning cycle is greater than cost of an execution iteration. Start with a strategic plan that embodies an iterative launch cycle, with a minimum viable product to a focused and limited domain, and the cost of execution will be low. If they don't fire before they aim, they may never take action at all.

Marketing 302

Marketing Technical Review Cost Product Development 302

Startup Professionals Musings

AUGUST 19, 2020

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

View from Seed

NOVEMBER 6, 2014

I also think a lot of people underestimate the tax that having a hacked-together solution levies on your product development, even in the short term. For example, not having good system monitoring doesn’t just make developers’ jobs hard when they try to figure out why the servers are down at 3 a.m.,

Technology 334

Technology Ruby Startup Engineer 334

Startup Professionals Musings

SEPTEMBER 13, 2011

Product development chasm. Another common chasm is never-ending product development. Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost.

Marketing 238

Marketing Entrepreneur Technical Review Dilution 238

Startup Professionals Musings

JANUARY 16, 2013

Product development. For a great idea person, the product details keep changing for the better, but nothing ever gets finished. Many experts suggest it costs six times more to sell something to a new customer than to an existing customer. They expect prompt formal follow-up to questions. Customer retention.

Entrepreneur 275

Entrepreneur Technical Review Software Review Retention 275

Startup Professionals Musings

SEPTEMBER 16, 2023

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Building a minimum viable product, with customer validation. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

YoungUpstarts

DECEMBER 7, 2017

Two conditions that do matter to your startup’s out-year viability are the cost and length of its product development cycle. Startup founders counting the days until break-even or actively seeking outside capital must focus on streamlining their development cycles. Stay Lean and Low.

Cost 100

Cost Developer Small Business Administration Marketing 100

Startup Professionals Musings

NOVEMBER 18, 2012

Cost of a planning cycle is greater than cost of an execution iteration. Start with a strategic plan that embodies an iterative launch cycle, with a minimum viable product to a focused and limited domain, and the cost of execution will be low. If they don't fire before they aim, they may never take action at all.

Entrepreneur 257

Entrepreneur Technical Review Cost Product Development 257

Startup Professionals Musings

OCTOBER 5, 2014

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

Both Sides of the Table

DECEMBER 16, 2009

We couldn’t cut product development (we had 23 people!) because we had made product commitments to a large customer who was about to agree to a nationwide rollout. We missed our sales targets that year by 66% and the next year by 45% and never really cut costs very much. The company incinerated cash.

Entrepreneur 306

Entrepreneur Burn Rate Cofounder Sales 306

Startup Professionals Musings

DECEMBER 27, 2013

Cost of a planning cycle is greater than cost of an execution iteration. Start with a strategic plan that embodies an iterative launch cycle, with a minimum viable product to a focused and limited domain, and the cost of execution will be low. If they don''t fire before they aim, they may never take action at all.

Startup 250

Startup Technical Review Cost Entrepreneur 250

Startup Professionals Musings

MAY 14, 2023

Things will cost more than you expect. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year. Buffer your projected resource requirements.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Startup Professionals Musings

APRIL 26, 2019

Cost of a planning cycle is greater than cost of an execution iteration. Start with a strategic plan that embodies an iterative launch cycle, with a minimum viable product to a focused and limited domain, and the cost of execution will be low. If they don't fire before they aim, they may never take action at all.

Technical Review 233

Technical Review Startup Cost Product Development 233

Startup Professionals Musings

APRIL 23, 2017

Product development chasm. Another common chasm is never-ending product development. Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost.

Customer 191

Customer Entrepreneur Technical Review Dilution 191

Startup Professionals Musings

DECEMBER 24, 2018

You need skills in finance, operations, and marketing to supplement product development, and more hours of work than one person can manage. Calculate your projected costs, and double the amount. Both the business and your solution will take more time and money to develop than you expect.

Angel Investor 249

Angel Investor Cofounder Finance Operations 249