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Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. The components are simple - expenses and income. Great strategy.

Startup 92
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High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Investors assume it will only go up with more funding. Great strategy.

Startup 92
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Don’t Get Burned By Your Startup Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Investors assume it will only go up with more funding. Great strategy.

Startup 48
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Building Your MVP as a Non-Technical Founder

SoCal CTO

Even with these, you will have paper-tested your MVP, but the reality is that customers will not be able to assess the value to them until they actually use it. If you are on the lower complexity end, the key is defining small chunks of work that can be done quickly by a developer. Review the code being built.

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How The IBM PC Made Me Appreciate Entrepreneurs

Startup Professionals Musings

Way back in the early eighties, I was privileged to be part of the original IBM PC development team, led by Don Estridge. The culture of a large technology company is to rely on internal development or large, stable, and proven external vendors. Internal legal reviews and required new processes were slow to finalize.

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