3 ms·
If you believe the Lean Startup thesis*: Success = F(#Iterations) #Iterations = Runway / Speed of each iteration Runway = Cash on hand / Burn rate Then
by dtran 15y ago
If you believe the Lean Startup thesis*:
Success = F(#Iterations)
#Iterations = Runway / Speed of each iteration
Runway = Cash on hand / Burn rate
Then things are looking quite good for this team if they can continue to build, validate, and iterate this quickly with the new project they are pursuing (Assuming they didn't spend their Start Fund money on hookers and blow in the past 9 days).
[1] http://www.startuplessonslearned.com/2009/03/cash-is-not-king.html http://www.startuplessonslearned.com/2009/03/cash-is-not-kin...