Part 3 – Making your first data driven decision Given what you have discovered so far in your experiment, what’s your next step in investing in your MVP and this idea? Because it’s easy to spend reach cash on advertising it’s important to have a thesis on why you’re investing in this idea. What I’ve …
With each Part of the five parts in this series of Building and Testing your Minimum Viable Product (MVP), I will add a Results and Lessons Learned. I learned from a great friend, these are “Retrospectives” vs. “Post Mortems” because no one died! Results Day one results – YES! Made a sale of the “Financial …
Part 1 of 5 Part Series on testing your MVP I was planning on giving a “Financial Model for Founders” talk at Seattle Startup Week (#SSW2016) in November. As I worked on the presentation, the final version is here on Slideshare, I realized that making this less conceptual and abstract the better so I wanted …
Financial model and the corresponding business models are the tools that investors will expect you to have prior to getting funded. It’s critical that you start with what you can know about the business.