article thumbnail

Is the Lean Startup Dead?

Steve Blank

These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash. Yet while we had plenty of language and tools for execution, we had none for search. The Lean Startup isn’t dead.

Lean 335
article thumbnail

Can You Trust Any vc's Under 40?

Steve Blank

What this meant for entrepreneurs and VCs was a bit more complex– the IPO market was all but closed (with the Google IPO in 2004 as a brilliant exception), but it was possible find a buyer for your company. My experience of 2001-2004 is very remote from what you are describing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

Consumers responded to name and concept well, solves real problem, o Took 4 months to build initial prototype. Good when you’re testing and trying to learn the initial findings – is this a real business/good investor business, concept, replicable model but when you do let it go and GET BIG FAST.

article thumbnail

Beyond the Full-Time CMO: How Companies are Opting for a Fractional Future

Duct Tape Marketing

We dive deep into the transformative realm of the Fractional CMO, uncovering the nuances and potential it holds for modern businesses. 05:20] Could you shed some light on your business model? 06:14] One challenge of the Fractional CMO model is essentially selling your time. Do you collaborate with a team or partners? [06:14]

article thumbnail

REAL Lessons of The Social Network

Growthink Blog

Not mentioned in the movie is the unbelievable story of a Peter Thiel one of the founders of PayPal investing $500,000 in 2004 in exchange for approximately 5% of Facebook. No doubt Thiel's cat-bird seat as CEO of PayPal in the late 1990's allowed him to "get" instantly the scalability of the Facebook business model.

article thumbnail

LinkedIn's Series B Pitch to Greylock: Pitch Advice for Entrepreneurs

reidhoffman.org

What I’ve honorably been able to do, however, is share the deck I used to pitch LinkedIn to Greylock for a Series B investment back in 2004. the consumer internet landscape in 2004 vs. today. In 2004, the consumer internet was just beginning to rebound. In 2004, investors regained interest in the consumer internet again.

article thumbnail

Optimizing Your Agency For Profitability

Duct Tape Marketing

Marcel Petitpas (01:17): I, you know, you didn't even ask me how to pronounce my last name, which is the mistake most hosts make. John Jantsch (01:30): Well as somebody whose last name, uh, ends with five consonants, you know, I'm very, very aware of people's last names. That's on the bio introduction, but you nailed it.