You need a source of capital to carry you through the receivables period. Basically you've got three options: -Borrow money to finance the receivables -Find investors to contribute equity to finance receivables -Sell the receivables (factoring) or some combination of these. In my experience you...
Does your startup absolutely require that you be in Toronto? Why not do both? Take the opportunity of the exchange and start working on your startup on the side (and be ready to get into it in full force when the exchange is finished). I started a company when I was 18 and was traveling the wor...
Ries owns 'Lean Startup' trademark. I doubt 'lean' by itself is trademark-able, and isn't claimed by Eric. Someone else may claim 'lean career development,' so might be worth a trademark search.
I like the way you framed this question. Staying calm, always leads to better decisions being made. The best way to maintain a "calm" state is to do your best to look at your business from a completely detached view. Having a talk with myself or anyone else well-reviewed on Clarity can bring n...
These are good questions to start with. I'd recommend rephrasing the first question to "How likely would you be to use this app?" (subtle but important difference - it can be "helpful" but they may not use it). And rephrasing the second to "How much would you be willing to pay for this app?" (aga...
That's a great question and there is a lot of startups asking it. Including me. I've been asked it a few times as well. I tried to tell the people what to do at first, but soon realized that they are the ones who know their product and industry better than anyone else, so I could only ask the rig...
Did you try http://leananalyticsbook.com/ ? Lean analytics is pretty much a tailored, evolving, improving and living artifact . It needs to be tailored as per your business needs, priorities, stage in business etc.. E.g A validation stage startup and a growth stage needs completely different an...
Start experimenting by putting the 2 things in place you say you are missing: 1. create a validated learning model 2. Stop focusing on vanity metrics; replace with user growth, cohort analysis or growth metrics. Do not just read Lean principles; APPLY them. Also, What are you doing to brand yo...
Here's my rule for numbers. 100 target customers that I've done customer discovery interviews with. 10 customers (who've paid / given me money) 25 who are active beta testers. I usually use that order of things as well. I like to get early adopters to give me money to validate their feedback, t...