by Vadim Slavin and Steve Blank
Many entrepreneurs are asking us here at Startup Monthly: "when is the right time to raise the money?". This is a very valid question. Given that it takes around 3-4 months to raise the needed funds for a young startup, founders have a dilemma on their hands. Start raising too late and they are running the risk of running out of steam. Start raising too early and the risk is that investor will be more skeptical and will ask for more in return.
Another good question is "why should I raise money from investors?".
Once in a while StartupMonthly will feature guest bloggers who will share with us their wisdom, experience, and inspiration. Here is a little post by the new addition to Silicon Valley - Val Dobrushkin. He offers the following impressions of Silicon Valley as a recent outsider.
I landed in San Francisco International Airport on Saturday. Today is already Friday. A full week of living in Silicon Valley, not as a visitor, but as a local. It feels amazing!
by Vadim Slavin
Welcome back, readers, to the StartupMonthly Blog. It's a new year, new beginning, new resolutions to keep and to procrastinate on. One such resolution of mine is to keep this blog current. There is so much to share with our community, so many lessons learned, so many ideas for how to help our growing ecosystem.
Here is what to expect in this Blog in 2013. I will be sharing the ecosystem news from around the world where StartupMonthly is active. Currently it is Russia, Lithuania, Ukraine, Israel, USA, UK and the list is growing. Secondly, I will be sharing our lessons learned on running our accelerator. I will report back on what we, at StartupMonthly, are learning from our own mentors and advisers. And lastly, I will be giving away insights on how to get your next idea funded. Phew. Let's hope someone will be reading this.
"A mind that is stretched to a new idea never returns to its original dimension."- Oliver Wendell Holmes
Let's get our minds stretched in 2013, let's get pumped to achieve what we set out to achieve, and let's be accountable for our own actions towards our own dreams - it's the only way to go. Happy New Year and see you all soon!
By Valerie Muravitsky
Lately Lean and Agile terms started appearing interchangeably, as in "lean agile methodology". Although these methodologies are merging and many organizations employ a hybrid of Lean and Agile development methods, they started as separate practices. The two do go together and there are elements of Lean that we utilize more and more in Agile, but it is important to understand the distinction and avoid confusion.
Startup Monthly Team includes Software Architects, UX Designers, Legal, Financial, Lean Startup experts, Serial Entrepreneurs and Industry experts