The 7 benefits of building a UX Flow Chart before writing a line of code (free template included)
Product people love to talk to customers and refine concepts, creatives are happy designing mockups all day, and engineers just want to ship code with increasing velocity. Even with a very small team (or a solo founder with split personality disorder), this tension leads to the chaotic mess known as #StartupLife.
Startup Financial Modeling, Part 4: The Balance Sheet, Cash Flow, and Unit Economics
In the first three articles in this series, we looked at the big-picture motivation for startup financial modeling, why it’s important to start with your assumptions, and how to practically build your income statement and custom detail tabs. Today, we’ll finish off the series by examining how to construct the final components necessary to complete your model, including a quick discussion of unit economics and how to best keep your model updated.
Startup Financial Modeling, Part 3: The Income Statement and Custom Detail Tabs
In the first two posts in this series, we examined why building a financial model for your startup is important and how to practically get started with your assumptions tab. Today, we’ll continue by diving into the income statement and supporting tabs used to calculate your projected revenue and expenses.
Startup Financial Modeling, Part 2: Start with Your Assumptions
In the previous post of this series we described what financial modeling is and why it is important for startup founders to build their own models from scratch. Today, we’ll begin by diving into how to practically start building a financial model.
Startup Financial Modeling, Part 1: What is a Financial Model?
Our plan is to break this out into a four-part series and guide you through the components necessary for building your own financial model from scratch: Part 1: The why and what of financial modeling // Part 2: Assumptions // Part 3: Income statement and custom detail tabs // Part 4: Cash flow, balance sheet, and keeping the model updated.
Startup Rocket helps entrepreneurs build better companies
Along with my partners at Prota Ventures, I’m excited to announce today the public launch of Startup Rocket, a service that helps early stage entrepreneurs ideate, validate, create, grow, and fund new ventures. Startup Rocket provides a comprehensive operations framework, a collaborative online coaching tool, personalized coaching, and a ton of helpful resources for every step of a new entrepreneur’s journey.
Introducing the Startup Rocket Framework
Based on decades of experience ideating, validating, creating, growing, and funding startups (from both sides of the table), my partners and I are developing a framework to help entrepreneurs with the first critical steps of their journey. Our goal is to help founders build upon the traditional business plan and ideation tools out there to focus on executing what matters: acquiring and retaining happy, paying customers.
How to architect data flow and storage in a new startup
You may think you have a good idea, but it’s data’s job to tell you otherwise. Ironically, in the startup world today where everyone knows they should make “data-driven decisions”, few founders actually setup their data architecture and flow to give them the data they need on a daily basis to make smart choices, let alone facilitate growth.
Five questions to ask when choosing a technology stack for your startup
Almost as dangerous as stating your political or religious opinions online is suggesting software tools and languages for a startup. Software engineers are an opinionated and tribal bunch; say the wrong thing and you’ll be ridiculed and cast out of camp faster than you can say “spaces are better than tabs.”
Why writing a user interface spec (UI spec) is critical for startup teams
Building a software product is hard. While we’ve all heard stories of hero developers cranking out projects in a weekend that go viral, that’s obviously not the norm. For the rest of the world, a smart and diligent approach is needed to build something useful and keep their team (however large or small) on the same page to avoid wasting time.
Data-driven startups: How to design and build smart funnels within your product
The dance between product and growth in a new startup is rarely elegant, especially when founders fail to bake smart funnels into their product.
Startups: How to set a realistic timeline when building a software product
“Sure, we'll have that done in three weeks.” says the engineer. The marketer rolls her eyes, of course, and expects it in five. Eleven weeks later, it's delivered (and it's not very good). After an additional seven weeks of ironing out the basic bugs and UX kinks, marketing finally feels comfortable promoting it. Why didn't the engineer just say “about 20 weeks” and aim for delivering a tad early?
Seven reasons why a Rails, Redux, React, and React Native stack is fantastic for new startups
Here are the reasons why I'm all-in with this software stack.
Most of us — if we are fortunate (and whether we like it or not) — have people in our lives who help point out our blind spots and teach us new things. Significant others, friends, colleagues, kids, parents, sports coaches, teachers, music instructors, etc. are often the people that pour into us and/or remind us that we’re human. (Seriously, we have many people to thank!)