article thumbnail

Interview with Bong Koh, LifeCrowd

socalTECH

Andy Wen was the CTO of Christianity.com, and the CTO of early online education firm VCampus, and he also ran the product and web security for eTrade, as well as started a company called Lighthound deals, like a Groupon. My brother is in charge of the development team, and is very focused on development and coding.

Startup 271
article thumbnail

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. For example, a web-based startup should be able to operate for a year if they raise $500,000 from the founders or angels. This will equate to 2 working founders (taking no salary), hiring a 5-person development team for a year.

Startup 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. For example, a web-based startup should be able to operate for a year if they raise $500,000 from the founders or angels. This will equate to 2 working founders (taking no salary), hiring a 5-person development team for a year.

Startup 92
article thumbnail

Discussion Creation Among Bloggers - LinkedIn, Blogging and Discussion Groups

SoCal CTO

Open Source Business Models, speakers for Web 2.0 We have been using LinkedIn for both sourcing recruits and reviewing backgrounds for recruits. ► January (5) Los Angeles Web Developer Startup CTO or Developer When to Use Facebook Connect – Twitter Oauth – Goo. event I did last fall.

Blogging 150
article thumbnail

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. For example, a web-based startup should be able to operate for a year if they raise $500,000 from the founders or angels. This will equate to 2 working founders (taking no salary), hiring a 5-person development team for a year.

Startup 48
article thumbnail

Spolsky on Software on Both Sides of The Table

Both Sides of the Table

Do you see product managers as a hindrance to software development? Companies historically have structured their development teams in different ways. Microsoft became obsessed with COM, OLE and felt that it was the future of software development. To get reputation, you answer questions and they’re peer reviewed.