๐ธ Investors look at your MRR and MoM growth to identify whether or not the company is healthy and sustainable. Here are some formulas, definitions and benchmarks you might find useful. #metrics#startup#mrr
https://t.co/fQWsWnteMv
How fast do you burn and for how long can you keep it up? Know your burn rate & runway at all times. ๐ฅ #burnrate#runway#metrics#startup
https://t.co/BX4osjykaI
2 out of 3 accelerators mentioned Deal Flow as their main challenge, whether it's related to quality, quantity or both.
As you're probably used ti by now, we have some thoughts on how to tackle this issue: https://t.co/QjvVZZlrX3
No matter how much startup CEOs and VCs dislike benchmarking, it's mandatory. It helps you understand how well your startup is doing compared to the competition.
What is GMV?
GMV (Gross Merchandise Volume or Gross Merchandise Value) is the total dollar value of everything sold through a marketplace in a given time period. Don't mistake this for the platformโs revenue. That is a different and much smaller number. https://t.co/fLVPMZHwtC
Now that human interaction is tricky, we must rely on videos and podcasts to refresh our knowledge and ideas base. Here's a list of our favorites: https://t.co/Ct0eWPuzt9
What defines your beachhead market:
1. The customers buy similar products.
2. They have a similar sales cycle and expect products to provide value in similar ways.
3. They communicate through word of mouth within that market.
Generic problem statement:
When CONTEXT occurs,
CUSTOMER TYPE who has CHARACTERISTIC and CHARACTERISTIC,
have PROBLEM.
Because of this, they feel EMOTION, then experience QUANTIFIABLE IMPACT.
Currently, they use ALTERNATIVE SOLUTIONS
despite DISADVANTAGES.