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Published on Nov 23, 2010
The lean startup operates with a business plan that can reshape until a successful business model develops. By quickly pivoting based on market feedback, a company can extend their runway without additional dilution from raising greater amounts of capital, according to FLOODGATE Fund partner Ann Miura-Ko. She explains entrepreneurs can then make dollars last longer, which allows for an increase in possible product iterations. In today's business climate, Miura-Ko states, an entrepreneur never wants to run our of chances to iterate.