Startup Professionals Musings

NOVEMBER 4, 2015

For early-stage startups, the goodwill component can easily exceed the size of all the financial elements together, or can just as easily mark a company with good financials as not investable. Research has confirmed that culture is a primary driver for financial performance, customer experience, and team productivity.

Leadership 120

Leadership Technical Review Due Diligence Valuation 120

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? In an early-stage startup especially, revenue is not an important goal in and of itself. Every board meeting, the metrics of success change.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Steve Blank

MARCH 3, 2015

Over my career as a serial entrepreneur I observed that since the late 1990s, no early-stage Silicon Valley investor had used business plans to screen investments. Traction and evidence from customers were what investors were looking for – even in “slow” sectors like healthcare and energy. And there it was. Berkeley-wide.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Both Sides of the Table

MAY 27, 2013

Partly out of the fact that in 1 week I depart for England to speak at LeWeb, attend our DataSift board meeting and generally make myself available to the DataSift team to meet their customers, partners and employees. I would say the norm for many early-stage companies is somewhere between 6-10 in-person meetings per year.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Steve Blank

JUNE 26, 2015

The first time a few brave corporate innovators tried to overlay the Lean tools and techniques that work in early-stage startups in an existing corporation, the result was chaos, confusion, frustration and ultimately, failure. Fast forward to today. We can adapt these startup tools for use inside the corporation. Get to Yes.

Lean 120

Lean Management Business Model Incubator 120

Startup Lessons Learned

SEPTEMBER 14, 2008

Lessons Learned by Eric Ries Sunday, September 14, 2008 How to listen to customers, and not just the loud people Frequency is more important than talking to the "right" customers, especially early on. Youll know when the person youre talking to is not a potential customer - they just wont understand what youre saying.

San Francisco 131

San Francisco Customer Lean Continuous Deployment 131

Up and Running

DECEMBER 6, 2012

Instead of encouraging entrepreneurs to focus on developing long and in-depth, static business plans, Tim advocated for a simpler approach: Define your business identity: What’s your value proposition to your customers? Determine your target market: You need to know and understand your customers.

Lean 147

Lean Silicon Valley Forecast Technical Review 147

View from Seed

MAY 14, 2019

You needed to find the most scrappy and cost efficient way to get a product out, and in the process learned tons about the market and customer you are trying to serve. Their early hires are probably much stronger too, which allows for better execution as well. Investors needed to see real points of proof before they got interested.

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Founder Agile Cofounder Seed Capital 256

Startup Lessons Learned

NOVEMBER 17, 2008

Lessons Learned by Eric Ries Monday, November 17, 2008 The four kinds of work, and how to get them done: part one Ive written before about some of the advantages startups have when they are very small, like the benefits of having a pathetically small number of customers. Talking to potential customers and competitors customers.

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

Startup Lessons Learned

AUGUST 26, 2009

The companies I spoke to all agreed that the community there was extremely supportive, especially in the critical ulta-early-stage. Then, create an encouraging environment for early-stage companies. Provide early seed capital, and be the ones to make those introductions. And do your customer development.

San Francisco 113

San Francisco Silicon Valley Startup Lean 113

Up and Running

MAY 23, 2016

A description of the problem you’re solving for your customers, and your solution to the problem, which is usually your product or service. Also, make a bullet list of the marketing activities that will drive customers to your door. Also, make a bullet list of the marketing activities that will drive customers to your door.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

NOVEMBER 25, 2013

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. And we can offer investors metrics to play Moneyball – with the Investment Readiness Level. We think we can do better. Here’s how.

Oakland 327

Oakland Incubator Lean Metrics 327

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven’t changed since the early 1900’s. The Wrong Metrics. What do those numbers/metrics look like? Jonathan Swift. Not Real-time.

Silicon Valley 292

Silicon Valley Business Model Venture Capital Balance Sheet 292

Occam's Razor

MAY 2, 2017

There is no golden metric for everyone, we are all unique snowflakes! :). and tell you what are the best key performance indicators (metrics) for them. In the past I’ve shared a cluster of metrics that small, medium and large businesses can use as a springboard…. If you want to play along. Don’t read what I’ve chosen.

Metrics 141

Metrics Acquisition eCommerce Analytics 141

Startup Lessons Learned

MARCH 13, 2009

Lessons Learned by Eric Ries Friday, March 13, 2009 Dont launch Heres a common question I get from startups, especially in the early stages: when should we launch? Marketing launch) Make a new product available to customers in the general public. Do your customers really read TechCrunch? If not, do not launch there.

San Francisco 168

San Francisco PR Lean Early Stage 168

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven’t changed since the early 1900’s. The Wrong Metrics. What do those numbers/metrics look like? Jonathan Swift. Not Real-time.

Silicon Valley 263

Silicon Valley Business Model Venture Capital Balance Sheet 263

Startup Lessons Learned

JULY 30, 2009

A discounted price is available for early stage entrepreneurs and students. In 2002 I became exposed to the idea of “agile software development&# and subsequently was a first round investor in Rally Software which is now the market leader in Agile application lifecycle management software. Expo SF (May.

Lean 68

Lean San Francisco Continuous Deployment DC 68

Startup Lessons Learned

JANUARY 2, 2009

We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. The core of the article is my first attempt to articulate the key metrics (in graph form) that I believe demonstrate customer value. Retention cohort analysis. Expo SF (May.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

Startup Lessons Learned

JUNE 5, 2009

That’s because the model is based on assumptions about customers that are totally unproven. If we already knew who the customer was, how they would behave, how much they would pay, and how to reach them, this wouldn’t be a disruptive innovation. Even that early, it became clear that 4% was not an achievable goal.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Agile VC

MAY 26, 2011

In another we decended into a debate about our 5 year forecasts (I built the models so fielded most of these questions), and it became clear they probably weren’t the best fit for our Series A round (this group is no longer in the early-stage VC business). And a third firm “pressure tested” (i.e. link] dazhi chen.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Startup Lessons Learned

JUNE 9, 2009

benjaminjoffe : early adopters of buggy product are visionary customers, sometimes smarter than founders! goap #ericries InvisibleGaijin : #goap #leanstartup Eric Ries talks about importance of "visionary customers" in startup success. Startups need to spend time with these customers. Brilliant insight.

Lean 60

Lean San Francisco Japan Continuous Deployment 60

Startup Lessons Learned

MARCH 4, 2009

Ive previously written about the advantages of having a pathetically small number of customers , and how to get started with customer segmentation. it seemed time to return to the subject of investigating who my customers are. Thats a common pattern to gaining customer insight. Customer knows they have a problem.

San Francisco 68

San Francisco Lean Continuous Deployment DC 68

Startup Lessons Learned

AUGUST 8, 2009

Of course, its possible that after the product is shipped and customer feedback is solicited, the next product design might be different. When it becomes possible to build products "live" with customers, the cycle time changes and design becomes a much more dynamic process. At no point is the overall purpose of the design changing.

Software Review 87

Software Review Design Software San Francisco 87

ReadWriteStart

JUNE 13, 2011

As customer and agile development reinvent the startup, it's time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven't changed since the early 1900's. Most board meetings never get past big company metrics to focus on the crucial startup numbers.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

www.vccafe.com

MARCH 11, 2013

VC Cafe covers early stage Israeli and European tech & mobile startups. Steve Blank on Lean Customer Development. Customer service. Google Custom Search Engine. Customer Relationship Management. Startup Metrics for Pirates â?? SaaS Metrics Tutorial â?? VC & Startup Resources. Seed Startups.

Software Review 53

Software Review Technical Review Startup 53

Ben's Blog

MAY 15, 2020

Finally, we’ll zoom out and assess the big picture: how various categories of company may be impacted long-term, how this crisis compares to 2008 (and what that means for early-stage founders), and the industries and business models that are now prime for growth. What are those metrics?

Founder 36

Founder Conversion Technical Review Cash Position 36

www.women2.org

MARCH 8, 2012

After quitting my job and starting Sorced , I spent a few months validating my business concept by creating the product mockups and doing customer development. This was actually a great piece of advice, because ideas change and evolve in the early stages of the startup, it’s about the other person not the idea as much.

Cofounder 47

Cofounder Technical Review San Francisco Founder 47

ReadWriteStart

APRIL 26, 2012

Bullpen is one of a growing number of early-stage funds - or, perhaps more accurately, "earlier-stage," since even his is no longer the first out of the gate. A company can validate its growth metrics, Bullpen believes, in as little as four to six months after its initial funding periods. How old is Instagram?

IPO 115

IPO Stock San Francisco Lean 115

Startup Lessons Learned

APRIL 17, 2010

Three premier early-stage venture investors have joined forces to sponsor the event: Baseline , Floodgate , and First Round Capital. Three premier early-stage venture investors have joined forces to sponsor the event: Baseline , Floodgate , and First Round Capital. Expo SF (May.

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San Francisco Romania Cleveland South Africa 107

Startup Lessons Learned

FEBRUARY 24, 2009

I liked the flattering Venture Hacks commentary so much Ill just quote it: Many founders believe that early stage startups are endeavors of execution. The customer is known, the product is known, and all we have to do is act. He believes that many early stage startups are labors of learning. Expo SF (May.

Lean 74

Lean San Francisco Continuous Deployment DC 74

Rob Go

NOVEMBER 15, 2016

Often, I find that there is a very distinct trade-off that surfaces when thinking about how to best position yourself for your series A: Option 1 is to focus nearly exclusively on some traction metric. For most companies, this means top-line revenue, but in some cases it’s more about numbers of active users or number of customers.

Product 28

Product Seed Stage Seed Money Metrics 28

ConversionXL

SEPTEMBER 5, 2019

Customer personas are often talked about in marketing and product design, but they’re almost never done well. A research-based archetypal representative of your customer based on various attributes, attitudes, and characteristics. can all benefit from a better idea of the customer. This post contains video, click to play].

Software Review 115

Software Review Design Agile Analytics 115

Startup Lessons Learned

NOVEMBER 19, 2008

When I first wrote about the advantages of having a pathetically small number of customers , I only had 5 subscribers. Of course, 1000 customers is pretty pathetically small too. Its also time to start thinking about customer segments. Do you have a particular set of early adopters that share some common traits?

San Francisco 60

San Francisco Lean Continuous Deployment DC 60

Startup Lessons Learned

JUNE 12, 2009

I believe this is part of what made the first workshop such a success - the people in the room were visionary customers who therefore came ready to work, not just to be entertained (by contrast with what I see at some of my speaking engagements). The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

Lean 60

Lean Programming San Francisco Continuous Deployment 60

ConversionXL

MARCH 7, 2017

A research-based archetypal representative of your customer based on various attributes, attitudes, and characteristics. They’re also known as buyer personas, customer personas, customer profiles, or just personas depending who is selling the idea to you. can all benefit from a better idea of the customer.

Software Review 102

Software Review Design Agile Analytics 102

Startup Lessons Learned

AUGUST 20, 2009

Heres the excerpt: Today’s high-tech entrepreneurs have at their command more than just the ability to invent new technologies — they have mastered the discipline and the methodology required to harness those technologies in order to serve customers. As a consequence, this new startup is relentlessly metrics-driven.

Lean 68

Lean San Francisco Startup Continuous Deployment 68

Startup Lessons Learned

JULY 9, 2009

We were focused on revenue, but we didnt understand that revenue is not important for its own sake in an early stage company. Instead, lets focus on building companies that matter , on creating real value for customers, and learning. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

San Francisco 94

San Francisco Lean Continuous Deployment DC 94