Startup Lessons Learned

JUNE 15, 2009

There are a whole range of valid reasons why non-developers would want to dictate the production release schedule (Seasonal/timing issues, marketing, fulfillment concerns, documentation/training, revenue controls, legal/regulatory. It lets the customer and development team spot problems with calculations almost immediately.

Continuous Deployment 167

Continuous Deployment Software Review San Francisco Lean 167

Startup Lessons Learned

AUGUST 24, 2009

When I reviewed a recent product development book, it immediately shot up to Amazon sales rank 300. And as everyone’s attention starts to focus on those same indicators, their value is being diluted. What is the right revenue model? In other words, what is the minimum viable product ? Is that a lot?

San Francisco 113

San Francisco Lean Technical Review Distribution 113

betashop.com

OCTOBER 8, 2012

I firmly believe that in this age where the product development life-cycle is so short and user feedback comes so quickly, you will know within a year whether you are focusing on a worthwhile one thing. A couple of dilution points here or there wont matter in the long run but working with the right people will.? This is tricky.

Technical Review 108

Technical Review Technology Software Review Valuation 108

Berkonomics

NOVEMBER 7, 2024

If you are a going business with a track record of revenues, then the importance of accurate current financial statements cannot be overstated. (If If there is no record of revenues, see the “The Berkus Method” available with any search query for valuing the business before revenues.)

Hockey Stick 62

Hockey Stick Liquidity Event Valuation Balance Sheet 62

Berkonomics

OCTOBER 12, 2017

They include an expense account, company car, profit sharing, 401k contributions, medical coverage for dependents, free life insurance, educational payments, extra vacation, relocation expenses, paid trips to industry association meetings, or a small override on revenue from new products developed under the candidate’s watch.

Employee 97

Employee Stock Options Dilution Salary 97

Berkonomics

MARCH 21, 2019

If you are a going business with a track record of revenues, then the importance of accurate current financial statements cannot be overstated. If there is no record of revenues, see the “The Berkus Method” available with any search query for valuing the business before revenues. Let’s start with the basics.

Hockey Stick 63

Hockey Stick Liquidity Event Valuation Balance Sheet 63

Berkonomics

DECEMBER 7, 2023

They include an expense account, company car, profit sharing, 401k contributions, medical coverage for dependents, free life insurance, educational payments, extra vacation, relocation expenses, paid trips to industry association meetings, or a small override on revenue from new products developed under the candidate’s watch.

Stock Options 62

Stock Options Stock Salary Dilution 62

K9 Ventures

OCTOBER 10, 2017

Unless every aspect of product development is covered by founders who are only receiving equity, there are other parts of building a product that will require hiring highly qualified people. Seed is the new Series A. (~$2M used get for building product, establishing product-market fit and early revenue).

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Berkonomics

MAY 26, 2010

They include an expense account, company car, profit sharing, 401k contributions, medical coverage for dependents, free life insurance, educational payments, extra vacation, relocation expenses, paid trips to industry association meetings, or a small override on revenue from new products developed under the candidate’s watch. .

Employee 54

Employee Liquidity Event Stock Options Salary 54

Seeing Both Sides

JANUARY 13, 2015

My boss and mentor from Open Market, Gary Eichhorn , made the entire management team read it in the 1990s to hammer home its important lessons as we stumbled through the chasm on our way to scaling from zero to nearly $100 million in revenue in a few years. At each stage, there are different problems. Anyone up for a rewrite?

Mezzanine 20

Mezzanine IPO Finance Business Model 20

David Teten

OCTOBER 1, 2015

I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. Second, the company must eventually own the product development and maintenance functions in-house.

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

maplebutter.com

JANUARY 8, 2013

Or should I launch products and a startup for each of them, focusing on only 1 product at a time? I would focus on one product and set a goal to generate $1M in yearly revenue from it. Do that – nothing else but one product / company / focus and get to $1M in sales with atleast $15% net profit. do something else.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Startup Lessons Learned

AUGUST 14, 2013

The next month, we tested the ideas of events taking the same approach—and it turns out, this was a big revenue source. It would be a blanket approach and, ultimately as you suggested, dilute the messaging and demonstrate a lack of focus. How does lean content integrate into the rest of the lean product development cycle?

Lean 167

Lean Conversion Audience Design 167