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They emerge a few years later in hoards of brilliant and eager softwaredevelopers. The big guys have been doing it for years and recently, smaller and smaller startups are incorporating offshoredevelopment into their plans. Managing offshoredevelopers remotely The whole point in offshoring is to save money, right?
Lessons Learned by Eric Ries Sunday, September 7, 2008 Customer Development Engineering Yesterday, I had the opportunity to guest lecture again in Steve Blank s entrepreneurship class at the Berkeley-Columbia executive MBA program. There were a lot of questions about outsourcing/offshoring and startups. Talk about waste.
Should you co-found your company with a softwaredevelopment shop? I’ve talked with a number of softwaredevelopment shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. mentor VCs, e.g., most VCs.
For example, while the banking industry expects the growing demand for conversational AI apps, getting started with developing such a solution already now makes sense. Reasons for new productdevelopment. Consider Fayrix Your Trusted Partner. Final Thoughts.
That’s when you find one or more (future) customers that help fund your productdevelopment in exchange for input into the process and free or highly discounted use of the software. In this scenario, $5k or $10k goes a long way towards bringing a product to fruition. Think 1-3 person teams who release v1.0
Compressing the ProductDevelopment 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. A hardware startup had to spend money building prototypes and equipping a factory to manufacture the product.
The second thing that’s changed is that we’re now Compressing the ProductDevelopment 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. China has simply become the factory.
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