The Wall Street Journal has a story out today that says "Web Startups Hit Cash Crunch." There has been a fair bit of reaction in the tech blogs and I thought I'd toss into the discussion some things we are seeing.
Last night I gave a talk hosted by SVB at their Palo Alto office. I had a ton of fun talking to and answering questions from about 75 entrepreneurs who -- at the minimum -- enjoyed eating the great food and wine that SVB provided on a luscious evening in Palo Alto. Several questions came up about Convertible Debt.
To me, lean is a state of mind that a founder and team needs to have across all aspects of the business. The specific product and engineering approaches are at the core of the lean startup movement. But if you can apply lean to hiring, sales, marketing, customer service, finance, and everything else, you will be rewarded with a fast, nimble company.