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March 30, 2011 07:20 pm GMT
Editor's Note: This is a guest post by Mark Suster (@msuster), a 2x entrepreneur, now VC atGRP Partners. Read more about Suster atBothsidesofthetableI'm a very big proponent of the "lean startup movement" as espoused by Steve Blank & Eric Ries. The part of the movement that resonates the most with me is that entrepreneurs should keep their capital expenditures really low while they're experimenting with their product and determining whether there is a large market for what they do.In the late 90's I saw a dangerous trend creeping into the startup world, which was that companies were suddenly raising huge amounts of money too early in their existence. It seemed to be purely speculative. It's not clear that there was big customer demand for some of these products yet entrepreneurs were egged on by VCs to "take the money" and try and push the market. Here's what those VCs (and us entrepreneurs, myself included) didn't understand: 9 women can't make a baby in a month. Here's why ...
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8RXFcB0kExk/
9 Women Can't Make a Baby in a Month
Editor's Note: This is a guest post by Mark Suster (@msuster), a 2x entrepreneur, now VC atGRP Partners. Read more about Suster atBothsidesofthetableI'm a very big proponent of the "lean startup movement" as espoused by Steve Blank & Eric Ries. The part of the movement that resonates the most with me is that entrepreneurs should keep their capital expenditures really low while they're experimenting with their product and determining whether there is a large market for what they do.In the late 90's I saw a dangerous trend creeping into the startup world, which was that companies were suddenly raising huge amounts of money too early in their existence. It seemed to be purely speculative. It's not clear that there was big customer demand for some of these products yet entrepreneurs were egged on by VCs to "take the money" and try and push the market. Here's what those VCs (and us entrepreneurs, myself included) didn't understand: 9 women can't make a baby in a month. Here's why ...Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8RXFcB0kExk/
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