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Raising Money Using Customer Development

Steve Blank

Did the partner have a good or bad day, etc. Your presentation doesn’t have a single word about Lean Startups or Customer Development. We were able to raise a Seed round from Bessemer Venture Partners on a powerpoint idea, and never found the repeatable customer model. Did the VC’s like your team ? In fact, just the opposite.

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Startups: It’s not Thelma & Louise

Austin Startup

We tried, and opted out of, potentials for pivots; we pitched for game-changing partners and acquisitions that did not ultimately convert. As a boot-strapped founder aka our biggest investor, one of the things I leaned into uncovering was the unknown. Lean into it. What did our customers think? Step on the scale. We pitched.

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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

"When youve bootstrapped a business where youre not drawing a salary and depleting whatever savings you have, thats one of the very difficult things to do," says Toby Stuart, a professor at the Haas School of Business at the University of California, Berkeley. David Cowan of Bessemer Venture Partners has stuck with Mr. Dreymann.

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Startup Tools

steveblank.com

AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of product development Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.