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Lessons Learned: Validated learning about customers

Startup Lessons Learned

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? This may sound crazy, coming as it does from an advocate of c harging customers for your product from day one. They are gaining valuable customer data.

Customer 167
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Unlocking Your Unfair Advantage: How Your Unique Story Powers Your Entrepreneurial Success

Duct Tape Marketing

Gain valuable insights into the Miles framework, a strategic approach to identifying and leveraging your strengths. Through the Miles framework, they guide listeners to identify and leverage their unique strengths, turning constraints into creative opportunities. Should you bootstrap? Should you raise funding?

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The #1 thing successful founders think about for their next startups

Hippoland

One thing I’ve noticed is that almost every repeat, previously-successful-founder focuses on the same thing for their respective startups: customer acquisition. Very simply, your cost to acquire a customer needs to be lower than the value of that customer (lifetime value). Forget about traction and hockey stick growth.

Founder 48
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The #1 thing successful founders think about for their next startups

Hippoland

One thing I’ve noticed is that almost every repeat, previously-successful-founder focuses on the same thing for their respective startups: customer acquisition. Very simply, your cost to acquire a customer needs to be lower than the value of that customer (lifetime value). Forget about traction and hockey stick growth.

Founder 48
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Uncovering The Hidden Power Of Your Unfair Advantage

Duct Tape Marketing

And it's the same thing for individuals because at that early stage of a business, when you don't yet have a product, even sometimes when you don't yet have, um, customers, you don't yet have traction in sales, how are you gonna judge it? Should you bootstrap? Well, you're gonna judge it by the team, by the co-founders. 10:56): Right?

Audio 87
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The Stairstep Approach to Bootstrapping

Software By Rob

I started embracing it as a framework on my podcast around 2010, and in 2013 I gave it a name. I decided it was time to put pen to paper and lay out what I see as a repeatable path with a higher-than-normal success rate, to bootstrapping yourself to the point of quitting your job. I call it The Stairstep Approach. all at once.

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The Stair Step Method of Bootstrapping

Software By Rob

I started embracing it as a framework on my podcast around 2010, and in 2013 I gave it a name. I decided it was time to put pen to paper and lay out what I see as a repeatable path with a higher-than-normal success rate, to bootstrapping yourself to the point of quitting your job. I call it The Stair Step Approach. all at once.