The Startup Alpha Business Canvas includes fixed costs and variable costs. The simple equation to remember is that Fixed Costs + Variable Costs = Total Costs (FC + VC = TC). (Part 2 of 3)
Fixed costs are incurred regularly and are unlikely to fluctuate over time. Examples of fixed costs are overhead costs such as rent, interest expenses, property taxes, and depreciation of fixed assets.
Variable costs are expenses that vary with production output. Examples of variable costs include direct labor costs, direct material cost, utilities, bonuses and commissions, and marketing expenses.
To scale the Rarible marketplace faster and more efficiently than any other marketplace, we need a dedicated focus on standardizing processes and simplifying community friction. This will be an iterative process that I believe starts with focusing on the Rarible ecosystem. Success of this ecosystem is mission critical to achieving this.
It was an unusually challenging year for many people around the world. We wanted to share a message of reflection and inspiration this holiday season. We are so thankful for everyone who supported us during our first year journey.
Matt Willis discusses the challenges of building a product quickly without painting the the team into deep technical debt. What is an MVP? Should one build for scale or for a proof of concept? Get insight into product and engineering challenges as well as other topics.