Remove 1998 Remove Cost Remove Customer Development Remove Revenue
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Why Pioneers Have Arrows In Their Backs

Steve Blank

The irony is that in a retrospective paper ten years later (1998), [ 2 ] the authors backed off from their claims. Over the next ten years, while Ford focused on cost reductions, General Motors built a diverse and differentiated product line. Google is a $25 billion dollar company with most of its revenue from AdWords.

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New Rules for the New Internet Bubble

Steve Blank

VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. They taught you about customers, markets and profits. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit.

Internet 335
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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. GroupOn’s engine that turned capital into revenue growth was a form of force-feeding rather than building a product).

IPO 240
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Hubris Versus Humility: The $15 billion Difference

Steve Blank

Describing your product as “new and “never been done before” instead of “we’re just like those others guys, but better” could cost your company billions. In 1998 RIM quickly followed this up with a next generation product with an 8-line display, ran on AA batteries and would last 500 hours. New Market Revenue Curve.

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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. When Iridium was first conceived inside Motorola in 1987, worldwide cell phone coverage was sparse, calls were unreliable and per minute costs were expensive. Cell phone handsets were the size of a lunch box and cost thousand of dollars.

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Why The Movie Industry Can’t Innovate and the Result is SOPA

Steve Blank

from box-office revenue. But the total movie industry revenue was $87 billion. After the VCR was introduced, studio revenues took off like a rocket. 1998 – the MPAA got congress to pass the Digital Millennium Copyright Act (DMCA), making it illegal for you to make a digital copy of a DVD that you actually purchased.