How we work with start-ups

by Erlend on September 9th, 2010

We got a ton of questions on how we work with start-ups so let's just break it down into some highlights:

  • We do work from FFF/seed-stage and have done Alpha builds for as little as $50,000.
  • We typically put three high-level people on one project for a few weeks, so having a real budget can be quite useful.
  • Everyone in our Product Group will focus on end-user experience. The product should solve a real problem for a specific set of users.
  • We don't over strategize. We get stuff done. We start moving as quickly as we can and we move forward. That does not mean we do not think. We just value forward motion over planning and diddling with assumptions.
  • We push to get to market - fast. Together, we focus on getting your v1 out to figure out how much BS you have in your business plan. Most assumptions are wrong. Financial models are just models. We want to get to real data - fast.
  • We are not in the magic business. The first iteration of your product will not work. That's why we don't blow your budget on one build. So, if you do any planning at all, plan to get more money after v1. You'll need it.

When we meet you for the first time… this is what we care about:

  • Your team
  • Passion and personality
  • Your understanding of your customer, market, and industry
  • Sales experience
  • How much you have done already

We don't care about

  • Your 50 page business plan (if you have one like that, just don't tell us)
  • Financial models
  • Your “first mover advantage” (again, don't tell us)

We don't hold on to you. We want to let you go. We just want to give you wings. Then go. If you get to that stage, we're happy! Now, call us today. Free advice guaranteed.

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