Remove 2002 Remove Business Model Remove Channel Remove Customer Development
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It’s Time to Play Moneyball: The Investment Readiness Level

Steve Blank

Teams can prove their competence and validate their ideas by showing investors evidence that there’s a repeatable and scalable business model. A Lean Startup methodology offers entrepreneurs a framework to focus on what’s important: Business Model Discovery. We focus on evidence and trajectory across the business model.

Oakland 326
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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.

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Entrepreneurs are Everywhere Show No. 38: Ryan Smith and Lane Merrifield

Steve Blank

Ryan Smith co-founded Qualtrics in 2002 with his father in the family basement. It was a challenge to convince companies to think past the traditional method of hiring consultants or researchers to test user experience: At first I tried to call business and enterprises. But in the corporate world in 2002, no one was ready for it.

Cofounder 145
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Entrepreneurs are Everywhere Show No. 38: Ryan Smith and Lane Merrifield

Steve Blank

Ryan Smith co-founded Qualtrics in 2002 with his father in the family basement. It was a challenge to convince companies to think past the traditional method of hiring consultants or researchers to test user experience: At first I tried to call business and enterprises. But in the corporate world in 2002, no one was ready for it.

Cofounder 120