As the infamous quote goes “A start-up is a group of people seeking out a sustainable business model”. Not to be overly alarmist, but we should probably add: until they run out of road.
So, with a finite runway to build our product, we’ll need to get really good at managing how we invest our time, and we need to get good fast!
A very useful concept for doing this is called opportunity cost.
Read more... https://medium.com/inherent-ventures/managing-the-opportunity-cost-of-your-product-runway-e6c77cd40154
Read more... https://medium.com/inherent-ventures/managing-the-opportunity-cost-of-your-product-runway-e6c77cd40154