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Lean Lecture: Physics of a Startup

November 5 @ 5:15 pm - 6:30 pm

Cash, Time, Uncertainty, Risk, and Survival with John Schveibinz

  • Central question: How do I keep this experiment alive long enough to discover whether it can become a business?
  • Cash: Treat cash and time as scarce resources that must produce work, evidence, reduced uncertainty and reduced consequential risk.
  • Concepts: Introduce burn, runway, cash flow, development cost and schedule uncertainty, opportunity cost, contingencies, failure modes, experimentation, and survival.
  • Plan: carefully prioritize resources for increase in capability, evidence, risk reduction, and/or probability of success.

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