Dumb ways to die as a startup

Dumb ways to die as a startup

Startups are more likely to die than to succeed. One can learn more about what not to do than what successfully worked for others. I did a talk at Oxford University about Dumb Ways to Die. I break out some of the key reasons that startups fail. The five things to watch out for are: Team – founder blow ups …

Hunter-S. Thompson explains the meaning of life

Hunter S. Thompson explains the meaning of life

In 1958, Hume Logan asked his friend, Hunter S. Thompson for advice on life. At the time Hunter was a nobody- not the famous author he is today. He was working for Time magazine as a copy boy, making $51 a week. Hunter’s reply to his friend was so thoughtful and inspiring that it’s still as powerful advice today as it was …

Think better Pareto principle or 80/20 rule for startups

Think better: Pareto principle or 80/20 rule for startups

Tl;dr: The Pareto Principle or the 80/20 rule states that 80% of effects come from 20% of causes. Identify the causes and focus on those. 20% work is about doing the right things, as opposed to doing a lot of things. Working more hours does not necessarily increase the likelihood that you will succeed. Work is overrated. Working hard with …

Arr

ARR Monthly Recurring Revenue explained for SaaS startups

ARR, an acronym for Annual Recurring Revenue, is revenue a startup can anticipate in an annual period. It is the value of the recurring revenue of a startup’s term subscriptions which are normalized to a year. It is a common term used in the SaaS and subscription world. ARR is also known as Annualized Run Rate since ARR is a …

Mrr

MRR Monthly Recurring Revenue explained for SaaS startups

MRR, an acronym for Monthly Recurring Revenue, is income a startup can reliably anticipate every 30 days (monthly period). MRR lets companies operate under a subscription model, as opposed to one based on one-off transactions. It is used by SaaS companies as a measure of your predictable revenue streams (You don’t include unpredictable revenue in it like one-off professional services). …