Steve Blank

MARCH 2, 2011

Working with him, I’ve been impressed to watch his small team embrace Customer Development (and Business Model Generation ) and search the world for the right product/market fit. And they’ve continuously iterated and gone through a few pivots of their business model. Corporate elephants can dance. So why this post?

Silicon Valley 228

Silicon Valley Agile Customer Development Early Stage 228

Steve Blank

MARCH 31, 2014

The first will be commodity businesses that are valued for their ability to execute their current business model. The second class will be firms with a demonstrated ability to continually innovate and reinvent their business models. These innovations do not require change in a company’s existing business model.

Private Equity 326

Private Equity Metrics China Intellectual Property 326

Board Effect

DECEMBER 23, 2022

Selecting the right workforce planning model can help solve these problems for many nonprofits as it is not cost-effective to have employees standing idle during a shift, and employees who feel overworked may lose their enthusiasm for the job. Crafting the Right Workforce Planning Model. Flow Model. Make Future Plans.

Software Review 52

Software Review Technical Review Retention Employee 52

Duct Tape Marketing

OCTOBER 5, 2023

Companies, by opting for a Fractional CMO, are not just seeking to cut costs but are keen on leveraging the diverse expertise and perspectives these professionals bring. 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. [14:11]

Social Media 78

Social Media Software Review Hiring Framework 78

Steve Blank

OCTOBER 13, 2016

Alexander Osterwalder invented the Business Model Canvas , co-founded strategyzer.com and was the lead author of Business Model Generation which sold a million copies in 30 languages. Big companies have great execution habits to manage and improve successful business models and value propositions.

Non-Compete 330

Non-Compete Agile Business Model San Francisco 330

Transformify

SEPTEMBER 12, 2017

Post Brexit, many companies in the UK consider distributed teams overseas as an alternative to the shrinking talent pool and high recruitment costs in Britain. Kenya: Youth Fund Targets Young People in Business Start-Up Loans Plan. Scrum, Agile, Product Management. What are the most common skills in each category?

Africa 75

Africa Benin Seychelles Nigeria 75

Steve Blank

AUGUST 31, 2009

So what’s wrong the product development model? The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.)

Customer Development 241

Customer Development Developer Customer Silicon Valley 241

Startup Lessons Learned

SEPTEMBER 15, 2008

But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste. So far, I have found "lean startup" works better with the entrepreneurs Ive talked to than "agile startup" or even "extreme startup.") Of course, many startups are capital efficient and generally frugal.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

ReadWriteStart

SEPTEMBER 8, 2020

Among its many implications, the digital office means that jobs don’t necessarily need to be done in-person, and today’s startup leaders are realizing that many projects can be done at a lower cost remotely, without any drop in quality. Still, COVID-19 helped tip the balance towards a globally distributed model. Create a cohesive team.

Distribution 145

Distribution Global Agile Startup 145

Mike Michalowicz

NOVEMBER 19, 2018

When this happens a Healthcare Staffing Agency can end up in a place where they find high volume business does not equal profitable business. They are unable to hire the best internal staff, they are unable to pay payroll taxes, and they are unable to invest in the development of the company.

CPA 76

CPA Ohio Omaha Reputation 76

Steve Blank

OCTOBER 13, 2016

Alexander Osterwalder invented the Business Model Canvas , co-founded strategyzer.com and was the lead author of Business Model Generation which sold a million copies in 30 languages. Big companies have great execution habits to manage and improve successful business models and value propositions.

Non-Compete 120

Non-Compete Agile Business Model San Francisco 120

Steve Blank

MARCH 18, 2011

The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. Customer Development , Agile Engineering and the Lean methodology enforced a process of incremental and iterative development. Carpe Diem. Wide Adoption.

Internet 334

Internet IPO Silicon Valley Agile 334

YoungUpstarts

SEPTEMBER 17, 2013

This Platform-as-a-Service (PaaS) model allows companies to focus their energy on the areas where they are making money, instead of worrying about the minute configuration details of every new server. Speed and agility have never before been so available and so crucial in business. Cost Savings.

Cloud 212

Cloud New York City Agile New York 212

YoungUpstarts

FEBRUARY 9, 2018

First, hire slow, but fire fast. His dependence on effective teams for successful outcomes, for example, has made the “hire slow/fire fast” rule one of them. Hiring and firing decisions can be difficult, especially in startups where there may be fewer people who must work together quite closely. Robert Tallack: Of course.

Technology 140

Technology Canada Artificial Inteligence Agile 140

Startup Lessons Learned

SEPTEMBER 30, 2008

If youre trying to design an architecture to maximize agility, how can that work if some people are working in TDD and others not? In my mind, theyre racking up costs (one month for that part, two months for that other part, uh oh). However, they insisted on using a platform that totally contradicted their business model.

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

Startup Lessons Learned

JULY 29, 2009

Although it costs to pay down the principal, we gain by reduced interest payments in the future. I hope to show why lean and agile techniques actually reduce the negative impacts of technical debt and increase our ability to take advantage of its positive effects. The human tendency to moralize about debt affects engineers, too.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

Steve Blank

JUNE 25, 2009

Computer hardware companies were faced with their customers asking for low-cost (relatively) desktop computers they had no experience in building. If you hire a VP of Sales with the idea that they can do customer discovery you violated the first principle of Customer Development – this isn’t a step the can be outsourced to a non-founder.

Technology 139

Technology Silicon Valley Fractional VPE Part-Time VPE 139

Startup Professionals Musings

NOVEMBER 9, 2015

A popular myth these days is that successful entrepreneurs must attract investors to get their businesses going, when the reality has been that more than 80 percent of new businesses are started and grown with no outside investment at all. With most solutions, infrastructure cost is overhead you don’t need.

Bootstrapping 120

Bootstrapping Cofounder Equity Agile 120

Steve Blank

AUGUST 5, 2010

I think you can blame Customer and Agile Development for a small part of it. Fairchild Semiconductor became the progenitor of a flood of Silicon Valley chip companies and at the same time the adoption of the limited partnership as the model for Venture Firms gave VC’s their own profitable business model. Here’s why.

Lean 260

Lean Internet Silicon Valley Venture Capital 260

Startup Lessons Learned

DECEMBER 14, 2017

LESSON #1: Equip your business with a portfolio map and a 21st century org chart. With industries from banking to transportation being transformed and, in some instances, undermined by new business models and technology, executives are smart to wonder, “Are we next?” LESSON #3: Avoid these three hiring mistakes.

Lean 245

Lean Startup CTO Hire Cofounder 245

Altgate

SEPTEMBER 16, 2010

In some strange way, a big part of his competitive advantage is that he is able to outsource everything and maintain such a low cost structure. Believe it or not, banking is a core part of some businesses (think PayPal or Zopa), but for most of us, it’s a basic support service to be outsourced. So it can be done. Branding/Copy.

Software Review 65

Software Review Offshore Startup Boston 65

Startup Lessons Learned

APRIL 14, 2009

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) Most importantly, they have lots of data about the unit economics of their business.

Customer 167

Customer San Francisco Lean Hockey Stick 167

YoungUpstarts

OCTOBER 31, 2016

The number of daily cases we had quickly rose from 10 to 100 to 1,000, and our lone customer service representative insisted that we hire another person to help out. We listened and hired another team member — but our customer service needs continued to double as the company expanded.

Los Angeles 100

Los Angeles Stealth San Francisco Cofounder 100

Startup Lessons Learned

MAY 27, 2009

The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. It uses principles of agile software development, open source and web 2.0, Build a company-wide culture of decision-making based on real facts, not opinions. .

Lean 60

Lean Austin San Francisco Continuous Deployment 60

Startup Lessons Learned

JUNE 5, 2009

One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. For example, say that your business model calls for a 4% conversion rate – as ours did initially at IMVU. If it costs $0.10 But $10.00?

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

ReadWriteStart

JUNE 29, 2020

Wikipedia.com defines a “startup company (startup or startup) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process, or a platform.”. Implement the “lean startup” philosophy.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Board Effect

AUGUST 30, 2019

The costs of cyber risks are financially high and carry a range of risks across the operation. As board directors strive to learn more about cyberattacks and cybersecurity, they’re gaining a better understanding of how technology can help them create newer, better business models.

Agile 45

Agile Government Technology Software 45

Steve Blank

OCTOBER 24, 2017

Hire a CEO to Go Public. The VCs would hire a CEO with a track record who looked and acted like the type of CEO Wall Street bankers expected to see in large companies. — all great things when you are executing and scaling a known business model. People had to actually pay you for your product. Board Control.

Founder 252

Founder Technical Review CTO Hire IPO 252

Steve Blank

SEPTEMBER 14, 2017

— I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.” They accomplished their goal, but at a huge, unanticipated cost: the processes and committees they designed ended up strangling innovation. There’s a much better way. Lessons Learned.

Incubator 313

Incubator Curation Engineer Government 313

Startup Lessons Learned

APRIL 18, 2010

Truth: The Lean Startup method is not about cost, it is about speed. What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated. Truth: The Lean Startup method is not about cost, it is about speed.

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Hearpreneur

SEPTEMBER 14, 2015

Not being caught up in a corporate management structure gives me the freedom and agility to be at the top of our game. A few things I love about being an entrepreneur is that I get to determine what my company’s business model and processes look like, creating a job that is meaningful to me. 14 – A Few Things.

Entrepreneur 48

Entrepreneur Fresno LLC Community 48

Hearpreneur

JANUARY 5, 2022

I’ve devised a sustainable business model where we will contribute to the ecological welfare of our environment. Going green will benefit us greatly in the long run, given its initial high costs. . Our business merges well with the storytelling. It's important to keep business agile. 5- Go green.

Entrepreneur 114

Entrepreneur Affiliate Green Cloud 114

SoCal CTO

DECEMBER 1, 2010

few years ago I also started following Alexander Osterwalder in his blog about his Business Model Generation -mantra. Call it facts for hire. It would be a bit like the hired gun in the old west, but more suited for today’s times. Hiring The Right Candidate. Your First Iteration of an Idea Will Be Wrong.

Technical Review 175

Technical Review Technology Product CTO Hire 175

Startup Lessons Learned

AUGUST 8, 2009

Because of the cost and intensity of this program, it is designed for startups with significant venture backing or who have reached profitability. I love the business model. "Lean Startups" just jumped the shark and became consultingware, like "agile" did. The cost is equivalent to an entry-level FTE.

Lean 102

Lean Programming San Francisco Continuous Deployment 102

Startup Lessons Learned

MAY 17, 2009

Last I heard from the venue, there are still some seats available; the ticket cost is only $25 if you register online. The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. Expo SF (May.

Lean 60

Lean San Francisco Continuous Deployment DC 60

Steve Blank

AUGUST 5, 2013

Lean Start-up Connection: Business Model Canvas. Visiting each official site took too long, and the information wasn’t always easy to compare (ex: “Net Cost of Attendance” vs. “Resident Tuition per Semester”). Our assumptions about cost also proved correct—we were entering new markets incredibly cheaply.

Lean 295

Lean Agile Customer Development SEO 295

ConversionXL

NOVEMBER 17, 2022

In thinking about the bigger goal of digital transformation, 46% say they have been able to identify and create new product and revenue streams, and 45% of organizations are now using data and analytics to develop new business models. The more you know about your customers and market, the more effectively you can run your business.

Analytics 106

Analytics Metrics Channel Campaign 106