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Fred Wilson's Survival Matrix
- ojbyrne 18y agoAnyone else find it weird that a VC lacks basic Excel skills?
- helveticaman 18y agoNot to mention the inability to edit the resulting image if Excel isn't playing ball.
- shafqat 18y agoWas happy to see that NewsCred is in the comfort quadrant!
- nostrademons 18y agoI am too...oh wait, I don't have a startup at the moment. Maybe that means I should start another one...
- shafqat 18y agoJust read your post on your last startup - great post and seems like you learned a lot. I would really encourage you to jump in again. You sound like you're made of the right stuff! Good luck with whatever you do.
- swombat 18y agoCaptain Obvious, is that you? That entire article and its charts can be summarised in 10 words: Hoard cash and decrease burn rate to improve survival chances.
- ivankirigin 18y agoMetrics to slice real data are the basis of informed decisions.
- swombat 18y agoCertainly, but some insights are "duh" insights and not particularly worth sharing with the rest of the world. "Spending less money and having more money in your bank account improve your chances of survival" should be, from a VC's point of view, roundabout on the same level as "water makes you wet".
- ivankirigin 18y agoWell, lots of people fail to understand "make something people want", right? And I'm getting doubly annoyed with the "less is more" UI advice so often repeated, and then not followed! well known and obvious to everyone != not worth sharing.
- wensing 18y agoWow. The lowest burn rate means spending more in two months than we've spent on Stormpulse in 2 years. Either I'm way out of my league and everyone else has amazingly-capitally-expensive ideas, or we're the cockroach on the cockroach's back.
- emmett 18y agoAre you working on your startup full time? The cost of a single person working on a startup is at least $30k/year, even if you cut salary to the bone.
- wensing 18y agoWe've put about 5 man-years into the project, spread out over 4 years time. That time includes 3 years of full-time effort (myself for 1 year, co-founder for 2). To be completely thorough, we ended up spending a lot of our personal savings to pay our personal bills, which was not included in the official seed investment. Still, that only amounts to perhaps an extra $25k (so all told, we're in the $70-80k range). With a family of four I've gone back to working full-time at a corporate employer; my co-founder has not and continues to work on it full-time, as he is single and lives a pretty spartan life.