Remove Balance Sheet Remove Customer Development Remove Demand Remove Sales
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No Accounting For Startups

Steve Blank

One of the ways our VC’s kept track of our progress was by taking a monthly look at three financial documents: Income Statement, Balance Sheet and Cash Flow Statement. To be clear – Income Statements, Balance Sheets and Cash Flow Statements are really important at two points in your startup. Who are our partners?

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9 Deadliest Start-up Sins

Steve Blank

The excerpts, which appeared first at Inc.com , highlight the Customer Development process, best practices, tips and instructions contained in our book. Yet without direct and continuous customer contact, it’s unknown whether the features will hold any appeal to customers. Executing on a sales and marketing plan.

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Death By Revenue Plan

Steve Blank

In my last post I described what happened when a company prematurely scales sales and marketing before adequately testing its hypotheses in Customer Discovery. Spread out in front of everyone around the conference table were the latest Income Statement, Balance Sheets and Cash Flow Statements. They don’t. They don’t.

Revenue 230
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Why Companies are Not Startups

Steve Blank

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. existing enterprises are establishing corporate innovation groups. What Does this Mean?

IRR 335
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The Lean LaunchPad Class: It’s the same, but different

Steve Blank

The class was unique in that it was 1) team-based, 2) experiential, 3) lean-driven (hypothesis testing/business model/customer development/agile engineering). This type of teaching firepower and headcount was necessary as the teaching team expanded the class size to meet student demand. Class Size. Class Velocity/Depth.

Lean 248