Steve Blank

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Raising Money Using Customer Development

Steve Blank

A Progress Graph on the right visually shows how far you’ve come (in whatever units of goodness you’re tracking – revenue, units, users, etc.) Hopefully this will get more bootstrapping entrepreneurs focusing on making money instead of raising money. Get back up and running.

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Lean Goes Better with Coke – the Future of Corporate Innovation

Steve Blank

What CEOs, management teams and shareholders care about is growth —revenue growth, greater user adoption, increased market share, bigger margins, etc. We found we needed to hire expert starters—people who knew how to bootstrap, build MVPs, find a free or very low-cost way of testing a hypothesis, pitch, pivot, etc.

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Entrepreneurs are Everywhere Show No. 44: Jacqueline Ros and Christina Stembel

Steve Blank

I thought all of these are raising $5 million, $10 million, $15 million pre-revenue. As soon as I would say, “We’re bootstrapped,” I would see their eyes go over my shoulder and look for someone more valuable to talk to. . I was really scared that we were going to be the Friendster to their Facebook.

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Vertical Markets 1: Bad Advice – All Startups are the Same « Steve.

Steve Blank

All teams raised their hands and screamed: we hundreds of angels and dozens of VCs, all of them say they will only fund deals with prototypes, beta customers, first revenue and executive teams all in place, and they say it will be 2 years from now because their coffers are out of cash and LPs in default. Bootstrap for years!

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Entrepreneurs are Everywhere Show No. 44: Jacqueline Ros and Christina Stembel

Steve Blank

I thought all of these are raising $5 million, $10 million, $15 million pre-revenue. As soon as I would say, “We’re bootstrapped,” I would see their eyes go over my shoulder and look for someone more valuable to talk to. . I was really scared that we were going to be the Friendster to their Facebook.