Hiring Product Development Seed Capital 
Steve Blank
MAY 9, 2017
The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. That’s no longer the case. We now understand that’s wrong.
Business Plan Blog
OCTOBER 4, 2013
One recipe for failure (business failure and capital raising failure) is building a lopsided team weighted to one function of the business. Don’t hire people with skills and qualifications similar to yours. Hire based on functionality and avoid having too many C’s. Hiring the right people at the right time is key.
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View from Seed
MARCH 24, 2021
” Below are our favorite pieces from the past few years, divided in to a few key categories: fundraising, company building, product development, industry trends, and the life of a VC. Magic Graph: How Much Seed Capital Should You Raise? Hiring Your Team. ” (Lee Hower). ” (David Beisel).
Startup Lessons Learned
AUGUST 26, 2009
Provide early seed capital, and be the ones to make those introductions. And do your customer development. Accept that many successful companies are going to want to be backed by big-name firms in other cities. Instead, focus on getting them ready for that stage.
Business Plan Blog
DECEMBER 10, 2013
The most important principle of startup fundraising that every entrepreneur needs to know is: raise enough capital to achieve a set of milestones that will allow the company to attract the next round of investment. Product Development. Founding Team, Key Hires, Advisory Board. Market Validation.
Business Plan Blog
NOVEMBER 22, 2013
A major piece of the business plan will be your capitalization strategy demonstrating the milestone timeline discussed above as well as the effects of accomplished milestones on the company’s future valuation. A fair amount of your FFF funding will likely go towards product development. Founding Team, Key Hires, Advisory Board.
Steve Blank
NOVEMBER 24, 2010
Compressing the Product Development Cycle. In the past, the time to build a first product release was measured in months or even years as startups executed the founder’s vision of what customers wanted. Startups traditionally required millions of dollars of funding just to get their first product to customers.
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