Most startups are spending money too fast. Slow it down.
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Most startups are spending money too fast. Slow it down.
1–10 of 38 posts
Re: Most startups are spending money too fast. Slow it down.
#2Funded startups tend to spend money too fast (from what I've seen).
Maybe another reason to bootstrap/self-fund with consulting (what I'm doing right now).
Re: Most startups are spending money too fast. Slow it down.
#3Testing unproven hypotheses requires, among other things, money.
Pivoting requires, among other things, money.
Re: Most startups are spending money too fast. Slow it down.
#4The real problem is startups raise money too early. In my mind there should be two main reasons to raise money: 1) You have figured out a way to make $1 while spend less, and your data tells you you can do this x times over, 2) You cannot afford to pay for your servers or dev time due to customer growth. Can you think of more reasons?
Re: Most startups are spending money too fast. Slow it down.
#5There are so many dynamics at work when it comes to burn rate. At previous startups in which I was involved, we were expected to increase spending by the investors. While we wanted to walk it slowly, they wanted us to spend more (on headcount.) As was expected, the lesson of ten-women-cannot-make-a-baby-in-a-month was relearned.
Re: Most startups are spending money too fast. Slow it down.
#6Testing unproven hypotheses requires, among other things, money. Pivoting requires, among other things, money.
No, they require time.
Re: Most startups are spending money too fast. Slow it down.
#7There are so many dynamics at work when it comes to burn rate. At previous startups in which I was involved, we were expected to increase spending by the investors. While we wanted to walk it slowly, they wanted us to spend more (on headcount.) As was expected, the lesson of ten-women-cannot-make-a-baby-in-a-month was relearned.
Nine women.
Re: Most startups are spending money too fast. Slow it down.
#8What's the incentive to slow the burn rate? If the startup blows up, you just start another one.
Re: Most startups are spending money too fast. Slow it down.
#9Good Times RIP never did happen. Within a few months of that presentation people started wondering whether or not we were in a startup bubble.
Re: Most startups are spending money too fast. Slow it down.
#10There are so many dynamics at work when it comes to burn rate. At previous startups in which I was involved, we were expected to increase spending by the investors. While we wanted to walk it slowly, they wanted us to spend more (on headcount.) As was expected, the lesson of ten-women-cannot-make-a-baby-in-a-month was relearned.
Nine women.
If you can do it with ten women, you still win.