“Startup Metrics for Pirates: AARRR!” by Dave McClure
What is it: A very THOROUGH framework for marketing a consumer internet product Who needs it: Founders of consumer internet products When you’re going to need this: Writing your business plan and executing your marketing strategy (that means, you need this to plan, and you’re going to need to revisit it to execute)
Mint CEO Aaron Patzer - Presentation on Budgeting, Hiring, and Raising Capital
The following video and presentation contain actual numbers from Mint.com’s startup story. It shows how Patzer and team budgeted expenses, hired developers, and raised multiple rounds of capital from “Garage” round to exit.
And it’s all wrapped up into a succinct 20 minute presentation.
This is extremely useful information; especially, for early-stage Indiana tech startups who see few if any examples of this type locally.
Patzer’s revenue model slide is particularly ingenious.
The primary purpose of this blog is to record for prosperity the experience of starting my first company. I’m a forgetful and nostalgic person. I expect to search this blog constantly for my own advice, for quotes of inspiration, and for links to useful resources. Also, many years from now, I expect to read these posts and laugh at how much and how little has changed.
The secondary purpose of this blog is to inform and connect other early stage entrepreneurs in Indianapolis, IN. There are no shortage of people telling me that Indiana is not the place to start an emerging technology/ low-cost internet company. There is little to no capital here for pre-revenue companies and similarly, its harder to find developers and other professionals desiring to work for a startup.
Brennan Knotts is the founder of Pocket Tales and was formerly the Director of Marketing for internet video tech startup Cantaloupe.tv. He is also an alum of the Governor Bob Orr Indiana Entrepreneurial Fellowship.
“The Man in the Arena”
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the MAN who is actually IN THE ARENA, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
-Theodore Roosevelt, CITIZENSHIP IN A REPUBLIC, “The Man in the Arena”