Kickstarter’s Post

Would I do this again, building a product from scratch without raising funds? YES It gives us complete freedom to build the product as we see best for our clients. Our energy is focused on building, not funding. Our devs, when not working on building for clients, build Up2Rent, and it creates a unique drive in the company. Yet, to be fully honest, it also gives us a couple of headaches when we have to prioritize resources, the scarcest of them all being dev time 🤯 In theory, all is well: ▶ One of us works on constant, light improvements. ▶ One, two, three of us work on new features, depending on (a) the complexity of the product requests (b) how long they are on the bench. This would work perfectly if the roadmap were set in stone. Yet, users have requests. Features testing takes more time than expected. We really want the feature to include also this or that... and we need to replan. We are constantly weighing: skills set available x time to release x urgency of the work x impact, and the weigh of every variable is not always clear. To my fellow product-builders: how do you look at this equation? If you have any lesson learned to share, I am all ears!

A 'Minimum Viable Product' (MVP) is the most basic version of your product that still delivers value. It helps test the market with less risk! 🚀 Ready to kickstart your start-up journey? Schedule a call on our website. #StartUpStrategy 👉🏻 swannaccounting.co.uk

Wonderful article / summary from Aaron Toppston on why GS Futures invested in SmartPM Technologies, Inc. - well worth the read and thanks to Aaron and the team.

In our latest essay, we discuss the path to product-market fit for Vertical Software founders. Before any solution can take hold, genuine, sustainable demand must exist in some form, even if market dynamics have suppressed that demand to date. What do you need to hear from your market to validate latent demand? We highlight three critical conditions for PMF—urgency, scalability, and repeatability—and share a simple framework for identifying the various levels of progression.

Today's 5.24.24 Clouded Judgment newsletter by Jamin Ball reported on April quarter publicly traded software earnings The assessment: NOT GOOD. Still tough out there for software earnings. I thought the updates on multiples was especially interesting. First I'll note, I have a lot of clients often ask for guidance on how to value SaaS businesses. The Clouded Judgment newsletter notes, the shorthand way to value SaaS businesses is on a multiple of their revenue. Here were the overall stats provided by the newsletter: Overall Stats for revenue multiples: Overall Median: 5.7x Top 5 Median: 15.2x Here are the revenue multiple stats bucketed by growth: High Growth Median (growth of >27%): 10.8x Mid Growth Median (growth of 15%-27%): 7.9x Low Growth Median (growth of <15%): 3.8x I thought these stats were important to share for the people out there acquiring businesses. As mentioned, I always have clients ask for guidance on how to value a SaaS business and I think the growth median guidance is especially valuable data to bolster valuation negotiations with a reasonable basis for valuation. It's also important to note that the median multiple for SaaS businesses isn't exorbitantly high like a lot of SaaS founders think it is because they search Google and find that some google article said that SaaS businesses trade at 7x-12x multiples. A much more reasonable valuation of 3x-5x is likely the case depending on the growth, profitability, and systemization of the business. Sign up for Jamin Ball's substack here: https://lnkd.in/gT7vv-D9 Sign up for Jamin's Clouded Judgment newsletter to receive weekly updates on data driven analysis of SaaS companies here: https://lnkd.in/gKBAEkxC

The application period for the Scale DSM Business Accelerator sponsored by Wells Fargo has been extended to Wednesday, May 15! Small business owners gain access to knowledge, management know-how and networks by paticipating in the Scale DSM series. Register today and gain access to the information needed to bring your business to the next level. #DSMUSA

Do you know that one of the biggest mistakes cost the company 100 billion dollars? It's essential - to handle all risks at the beginning of the development journey 🥲 This video can help you with this. Clear explaining what is “Discovery phase”, why you need a Business Analyst, and how much cost such a service during 2024 in different regions. Also few facts about this video: The final file took 3gb 🤪 101 hours for creating this video(setup equipment, video editing, research) ⌛️ More than 10 cups of coffee ☕ I just hope that my CEO's efforts will bring you some value and prevent unnecessary budget lose. Looking for your comments 🫵

Adaptive raises $19M in Series A funding to advance financial automation for the construction industry. Discover how this investment will drive growth and innovation. Read the full news - https://lnkd.in/dfQbxkAn #ConstructionTech #Fintech #SeriesAFunding #FinancialAutomation #AI #Startups #ConstructionIndustry #BusinessGrowth #Adaptive #EmergenceCapital #techedgeai

Bukola is confident her payment system will sell without surveys. Here's why: "I see them every day; I can tell you what they want. They don't care about the features or the devices of the payment system, as long as it works well." That's the summary of her statement to me. She is confident that her product will sell out without any need to waste resources on surveys. Who can help me tell Bukola that she is making a big mistake? You know, assumptions can be very dangerous for a Product Person. Assumptions are easy to make but hard to validate. They can lead you to waste time, money, and resources on building something that nobody wants or needs. They can also blind you to the real problems and opportunities that exist in the market. That’s why you need to avoid assumptions and talk to your users instead. Remember, the product is not for you; it’s for them. So, how do you avoid assumptions and build a product that your users love? Let's continue in the comment section👇 For things you believe to be true, find evidence to support them. I am presently giving Bukola all the reasons she needs to test her assumptions. Are there any pieces of advice you want to give Bukola? I'm Stella Abu, and I efficiently manage People, Products, and Processes to help Startups build Great Products & Programs that meet user needs. Follow Stella Abu for more insightful content. #productstrategy #productmanagers #projectmanagement #userresearch

#Ebun's Notes on #projectdevelopment The project developer is a multi-talented octopus.   They do many things and have many hands.   The project developer is at the start of the entire value chain that connects an Idea to finance and then to lasting impact.   The skills and mindset for developing an asset are different from the skills and mindset to raise and structure finance for it, also different than the skills to operate and maintain the asset.   Yet this party has to have a methodical, multidisciplinary approach that translates a vision into an asset which is mindful of the investor and the operator. They must deliver assets with: - Properly identified and allocated risks. - Clear cashflows and community impact protected by contracts and compliant with regulation. - A technically sound design and construction program that delivers the asset at optimal cost, in a timely fashion and in a which it can be operated and maintained to deliver promised return. - Limited or properly managed environmental and social impacts. - Investment and a capital structure with return and payment expectations that aren’t overburdening the project. - Clear net positive impacts aligned with the overall development of community they are situated in.   The developer is : a visionary – they look at what isn’t there and ask why not? How do we make it happen? a researcher – find the right information and make reasonable assumptions about the potential of the asset under consideration. a pragmatist- balance their optimism with realities and remain adaptable. a locations expert – find the right x,y coordinates that balances economic potential, enabling environment, technical considerations and environmental impacts. a technical expert – design operable assets with optimal operating maintenance assumptions. a legal and regulatory expert – Understand the appropriate regulation and licensing, draft contracts that secure rights and allocates obligations effectively. an environmental expert – able to properly identify, categorise and mitigate environmental and social impacts. Identify opportunities to new positive impacts. a procurement expert – find, pay and manage suitably qualified parties that complete several aspects to the development work, execute tenders that find the right long term partners. a project manager – able to scope, manage and deliver multiple interdependent workstreams in an efficient manner. a fund raiser- creating operational and financial models, backed by provable and logical assumptions, mindful of risk pricing of the various types of capital sought. a stakeholder manager – identify then keep engaged and interested many stakeholders to deliver the project successfully. a storyteller - Present the story and facts in way that gets investors to open their purses, gets stakeholders to keep providing emotional and practical support to the project.   Leave a comment, are you a project developer? what else does a project developer do?