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You Negotiate Commodities, But You Seize Opportunities

Steve Blank

Advisory Board. At one of our initial board meetings we had agreed on the general principle of an advisory board and put together an overall stock budget to compensate advisors. Over the next week we exchanged emails over advisory board stock. He was having too much fun at Sun and turned me down.).

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The Traction Gap Framework: Four Pillars Of Startup Success

YoungUpstarts

The first post drilled down into the often-overlooked notion of “market-engineering” and why it’s so critical. Key components of revenue architecture go beyond simply predicting sales to include: the name and attributes of the startup’s category, a messaging matrix, a pricing strategy, a sales strategy and other business model elements.

Framework 127
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The Traction Gap Framework: Four Pillars Of Startup Success

YoungUpstarts

The first post drilled down into the often-overlooked notion of “market-engineering” and why it’s so critical. Key components of revenue architecture go beyond simply predicting sales to include: the name and attributes of the startup’s category, a messaging matrix, a pricing strategy, a sales strategy and other business model elements.

Framework 113
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Vision versus Hallucination – Founders and Pivots

Steve Blank

What I saw reminded me of some of the best and worst things I did as a founder. Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. A Pivot a Week. he’d declare. “We

Founder 316
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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. Every Flexible VC structure allows founders to access immediate risk capital while preserving exit, growth trajectory, and ownership optionality. . Flexible VC 102: Variations.

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Organizational Debt is like Technical debt – but worse

Steve Blank

I got answers that sounded like the Tom’s – new stock grants for the executive staff, great new building, and oh, by the way, Tom and his co-founder got to sell some stock in the new round. Since Tom was an engineer I explained the “Organizational Debt” metaphor. And let me tell you about the vision and strategy again.

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What Do I Do Now? The Startup Lifecycle

Steve Blank

Over breakfast he got me up to date on his life since school (two non-CEO roles in startups,) but he wanted to talk about his third startup – the one he and two co-founders had started. In this first step, the goal of a startup is to search for a repeatable and scalable business model.

Startup 120