Remove 1999 Remove Forecast Remove Product Development Remove Sales
article thumbnail

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

Steve Blank

They made other assumptions about the type of sales channel, partnerships and revenue model they would need. And they rolled all of this up into a set of financial forecasts with a “size of market” forecast from brand name management consulting firms that said they’d have 42 million customers by 2002.

article thumbnail

The Lean Entrepreneur is here

Startup Lessons Learned

A few of the detailed case studies include: Tech legend Bill Gross building an MVP in 1999 to test demand for online car sales, which grew into CarsDirect.com. PayPal, under the leadership of David Marcus and Bill Scott, re-defining and re-engineering itself by embracing Lean Startup to improve the product experience.

Lean 167
article thumbnail

Scaling is Hard, Case Study: Akamai

Seeing Both Sides

In 2012, analysts forecast the company will achieve nearly $1.5 They didn’t raise their Series B until they proved some of the initial hypotheses around market adoption and were ready to scale the sales efforts, as described below. The first year of revenue (1999) was $4 million – a remarkable achievement. Gross Profit. $(60).