Remove Business Model Remove California Remove Partner Remove Vertical
article thumbnail

Times Square Strategy Session – Web Startups and Customer Development

Steve Blank

Union Square Ventures The next morning I got to spend time with Brad Burnham , partner at Union Square Ventures talking about their investment strategy and insights about web-based businesses. Bill and his partner Fred Wilson have invested in ~30 or so companies with 27 still active. End of theory.&# But not the only form.

article thumbnail

“Speed and Tempo” – Fearless Decision Making for Startups « Steve.

Steve Blank

Reply One difference between VCs and Entrepreneurs « Lightspeed Venture Partners Blog , on April 20, 2009 at 7:06 am Said: [.] Reply Why Startups are Agile and Opportunistic -- Pivoting the Business Model , on April 14, 2010 at 6:32 am Said: [.] to see if they need to make a Pivot to find a better model.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Let's Fire Our Customers

Steve Blank

The Founder’s New Insight Smart founders are never satisfied with simply executing their current business model, they are constantly observing, orienting and deciding whether their current business model can be made better. It’s a natural part of learning about your customers and business model.)

Customer 195
article thumbnail

Someone Stole My Startup Idea – Part 2: They Raised Money With My.

Steve Blank

The initial hypothesis for Epiphany (from my much smarter partner Ben ) was that as departments in the enterprise (manufacturing, finance, customer support sales) became automated, the marketing department would eventually get its turn. We had validated our new assumptions by a set of orders, and we had pivoted on our business model.

article thumbnail

Can You Trust Any vc's Under 40?

Steve Blank

Each VC firm/partner has a different spin on what to weigh more.) It may just be that the message of building companies that have predictable revenue and profit models hasn’t percolated through the VC business model. 3) invest in and take equity stakes in exchange for capital.

article thumbnail

The Customer Development Manifesto: Reasons for the Revolution.

Steve Blank

Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model. Look at the Product Development model and you might wonder, “Where are the customers?” Or at times an even more honest answer, “My senior partners say this is the only way to do it.” before you ship.

article thumbnail

In Spite of Avatar, The Movie Business is Dead

Growthink Blog

Lee, quite simply, has forgotten WAY more about the entertainment business than most of will ever know (see his biography below). And he has graciously agreed to give us the answers to the above questions, which winning business models to run with, which losers to run from, and much, much more! in History from UCLA.