Steve Blank

NOVEMBER 1, 2010

With an out-of-this-world business plan. When it was spun out as a a separate company, Iridium’s 1990 business plan had assumptions about potential customers, their problems and the product needed to solve that problem. A Business Plan Frozen in Time. This business plan was a static document.

Business Plan 335

Business Plan Customer Business Model Customer Development 335

Startup Professionals Musings

MARCH 6, 2011

Starting a business is a lot like starting a marriage. Product development is stuck at that 90% mark, a key person leaves, and customers are talking but not buying. Maybe he was the only guy around who could design the product you envisioned, but delivering a scalable, quality product is another story.

Startup 245

Startup Software Developers Software Development Business Model 245

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. Product Development Diagram 1.

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Gust

APRIL 27, 2014

Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Find an IT person you can trust, and plan how you will acquire, implement, and utilize computer technology to run your business.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

Up and Running

FEBRUARY 12, 2022

Learn why the traditional way of writing a five-year business plan is often a waste of time and how to use a Lean Plan instead for smarter, easier strategic planning to establish your long-term vision. But, that doesn’t mean that you shouldn’t plan for the long term. What is a long-term plan?

Business Plan 83

Business Plan Lean Forecast Exit Strategy 83

Steve Blank

MAY 9, 2017

The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. Not kind of wrong but going out of business wrong.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

Steve Blank

MARCH 4, 2014

For most companies it feels like innovation can only happen by exception and heroic efforts, not by design. The Enterprise: Business Model Execution We know that a startup is a temporary organization designed to search for a repeatable and scalable business model. The question is – why? StageGate Process.

IRR 335

IRR Startup Business Model Agile 335

Startup Professionals Musings

MARCH 11, 2010

Starting a business is a lot like starting a marriage. Product development is stuck at that 90% mark, a key person leaves, and customers are talking but not buying. Maybe he was the only guy around who could design the product you envisioned, but delivering a scalable, quality product is another story.

Software Developers 122

Software Developers Software Development Business Model Design 122

Steve Blank

NOVEMBER 5, 2009

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Entrepreneurs put together their funding presentation by extracting the key ideas from their business plan, putting them on PowerPoint/Keynote and pitching the company – until they get funded or exhausted.

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

Steve Blank

MAY 14, 2012

Any dispassionate observer would recognize that on Day One, a start-up has no customers, and unless the founder is a true domain expert, he or she can only guess about the customer, problem, and business model. Executives look at that date and the calendar, working backward to ignite fireworks on the day the product is launched.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Steve Blank

NOVEMBER 18, 2010

The revenue numbers and revenue model came from a startups original Business Plan. A business plan has a set of assumptions (who’s the customer, what’s the price, what’s the channel, what are the product features that matter, etc.) that make up a business model. Ritualized Crises.

Burn Rate 247

Burn Rate Management Business Model Customer Development 247

Steve Blank

MARCH 11, 2015

I suggested the best place to start the conversation is with the 21 st century definition of a startup: A startup is a temporary organization designed to search for a repeatable and scalable business model. Startups have finite time and resources to find product/market fit before they run out of money.

Widget 120

Widget Lean Business Model Metrics 120

The Next Web

AUGUST 26, 2012

Develop a strong backbone. The backbone of your technology company revolves around a well-organized, up-to-date, specific and documented vision, brand-key, business plan, intellectual property rights, contracts, financial administration, NDAs and bylaws it can rely on. Again, make sure you can decide whom to ‘marry’.

Bankruptcy 121

Bankruptcy Technical Review Intellectual Property Due Diligence 121

Duct Tape Marketing

APRIL 6, 2022

And so that book, the book is designed to give entrepreneurs really practical and concrete advice on how to avoid all the pitfalls of doing a startup and act and come out on top. You know, could you look at my business plan? See if the business model works, all these questions. So you are your, your business model.

San Francisco 97

San Francisco Technical Review Incubator Silicon Valley 97

Startup Lessons Learned

DECEMBER 14, 2009

Lessons Learned by Eric Ries Monday, December 14, 2009 Business ecology and the four customer currencies Lately, I’ve been rethinking the concept of “business model&# for startups, in favor of something I call “business ecology.&# Constructing a working business model is a form of ecosystem design.

Customer 156

Customer San Francisco Viral Lean 156

Startup Professionals Musings

MAY 4, 2014

Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Find an IT person you can trust, and plan how you will acquire, implement, and utilize computer technology to run your business.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

Up and Running

JULY 2, 2014

Picking the right attorney in your startup is as important as picking the right business partner. You can’t underestimate the importance of selecting an attorney who “gets” your business model, your market opportunity, and most importantly, your fundraising and exit strategy. The deal we made with him was he’d get 33.3%

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Startup Professionals Musings

JANUARY 31, 2013

Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Find an IT person you can trust, and plan how you will acquire, implement, and utilize computer technology to run your business.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230

Up and Running

MAY 23, 2016

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods.

Software Review 74

Software Review Software Delaware Forecast 74

Startup Professionals Musings

SEPTEMBER 7, 2011

Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Find an IT person you can trust, and plan how you will acquire, implement, and utilize computer technology to run your business.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

Startup Lessons Learned

OCTOBER 6, 2008

Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile product development , low-cost (fast to market) platforms , and rapid-iteration customer development. Thats what business is designed to do.

San Francisco 128

San Francisco Lean Continuous Deployment Agile 128

Hearpreneur

JANUARY 12, 2018

High-end sunglass distributors have built a multi-billion dollar business model on one very simple life truth: you will lose your sunglasses. Ellison Eyewear offers designer quality sunglasses made in Greece using Italian components. Where do you see your business in the next 3-5 years?

Greece 48

Greece Iowa Nicaragua Chicago 48

steveblank.com

JULY 8, 2011

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.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Startup Professionals Musings

AUGUST 1, 2010

Develop your business plan. Write down the key elements of your business plan very early, and keep it current as things evolve. Product development process. Find an IT person you can trust, and plan how you will acquire, implement, and utilize computer technology to run your business.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

Up and Running

JANUARY 17, 2014

The ideas behind lean startups can be drilled down to a few straightforward ideas: Deploy resources stringently, incrementally proving out the assumptions that drive your business model. Revise your product or service as quickly as possible. In lean startup speak, this was called a minimum viable product, or MVP.

Lean 107

Lean Startup Philadelphia Business Model 107

www.tangosource.com

MARCH 8, 2012

re providing business skills for the startup, back it up with action. Take steps towards product market fit, such as getting signed Letters of Intent (LOIs) which show that your product will have revenue on day 1. You could also create a business model canvas , and collect real world data for each section of the canvas.

Cofounder 48

Cofounder Founder SEO LLC 48

Startup Lessons Learned

JUNE 5, 2009

And yet, it’s not really fair to ask that the company’s money be spent without anyone bothering to build a financial model that can be used to judge success. Certainly venture-backed startups don’t have this luxury – every business plan has a model in it. Take a look and let me know what you think.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

OCTOBER 23, 2013

We often tell founders that a business plan is nonsense. A business model, on the other hand, is a snapshot of your business assumptions at this moment in time. It''s that the business model is complex. This is confirmation bias, and it kills. The confusion isn''t that the results are hazy.

Analytics 167

Analytics Lean Widget Metrics 167

Steve Blank

JUNE 8, 2009

Customer Development by Vertical - Click to Enlarge (As a reminder, the Customer Development process says your business plan is just a series of untested hypothesis (unless you’re a domain expert.) You take your product vision and get out of your building to turn your hypothesis into facts. Technology?

Vertical 122

Vertical Silicon Valley RSS Marketing 122

Steve Blank

MAY 18, 2009

These damn models weren’t designed right so we’re fixing them on the line.” Next, you have to deal with the daily crisis of product development and acquiring early customers. Theme: Digg 3 Column by WP Designer. It’s our hood alignment station,” the plant manager said proudly. And that’s just to get started.

Founder 297

Founder Silicon Valley RSS China 297

Up and Running

JULY 24, 2015

Business planning. To start your business, you’ll need a sound business plan. But here at Bplans, we make an effort to provide entrepreneurs with the resources they need to start and run successful businesses. Business Model Generation. Product development. Founders Workbench.

Entrepreneur 60

Entrepreneur Small Business Administration SBA Pennsylvania 60

SoCal CTO

DECEMBER 1, 2010

No Business Plan Survives First Contact With A Customer – The 5.2 few years ago I also started following Alexander Osterwalder in his blog about his Business Model Generation -mantra. We're looking to choose a design put together by one of our readers as the official t-shirt for OnStartups. billion dollar mistake.

Technical Review 175

Technical Review Technology Product CTO Hire 175

Startup Lessons Learned

MARCH 13, 2009

Figuring this out takes time, and few entrepreneurs have the patience to wait it out, because the business plan does such a good job of explaining what customers are going to think. The problem is that customers dont read your business plan. You have to know your business model. Gattiker said.

San Francisco 168

San Francisco PR Lean Early Stage 168

www.vccafe.com

MARCH 11, 2013

Design/Front End: Twitter Bootstrap : Include this in your website, and you are half finished. LiveRoad : A Great IDE for design is very helpful. s helpful to find an developer tool that allows you to write html/css and renders the view in real time, so you donâ??t Color Scheme Designer. Customer service. Event platforms.

Software Review 53

Software Review Technical Review Startup 53

maplebutter.com

JANUARY 8, 2013

what are the most crucial steps to be taken by a new tech startup when outsourcing major part of the tech to IT firms or outsourcing “product development” eg new social media website project? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Software By Rob

AUGUST 5, 2010

The knowledge that you need 10,000 hours to master a subject, that certain trends become viral after the 412th person adopts it, or that you should make your product remarkable, is not going to help you launch. Nor will it save you a single minute during product development, or sell one more copy of your application.

Founder 78

Founder Startup Software Review Software 78

Growthink Blog

NOVEMBER 2, 2016

Last week, I met for dinner with a longtime client as they traveled through Los Angeles on a stop-over on their way back to Europe.

Conversion 48

Conversion Los Angeles Europe Acquisition 48