Steve Blank

OCTOBER 31, 2014

There’s nothing wrong with a business that supports you and perhaps an extended family. But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. With 317 million people the U.S. It doesn’t.

Global 335

Global Australia Silicon Valley China 335

Steve Blank

AUGUST 31, 2009

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?” Where exactly did the assumptions in our startup business plan come from?” before you ship.

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

ReadWriteStart

MAY 19, 2011

During today's roundtable, we opened the session with a discussion of the existential crisis in media and how talented bloggers and journalists are facing a tough time sustaining themselves due to lack of business models. We also did some segmentation work and related exploration of relevant channels. MyDataOrganizer.

India 115

India Silicon Valley Entrepreneur Affiliate 115

ReadWriteStart

JUNE 16, 2011

Freshdesk First, Girish Mathrubootham from Chennai, India, pitched Freshdesk , a SaaS company that provides small and medium businesses with on-demand customer support software that offers multi-channel social support. The company already has paying customers and a validated business model.

India 123

India Bootstrapping Non-Compete Entrepreneur 123

Austin Startup

MARCH 15, 2017

By the time Silicon Valley white privilege culture, tech magazines that promote only white faces, Ethereum/Bitcoin fanboys, sellout black tech wannabees and globalists promoting their blockchain consortium get a hold of this article, it’s already too late and the game already ended a while ago.

Technical Review 54

Technical Review Silicon Valley Software Review XML 54

Steve Blank

APRIL 30, 2009

SuperMac sold our graphic boards for the Macintosh through multiple distribution channels: direct sales to major accounts, national chains, independent rep firms, etc. But the computer retail channel was a large part of our sales. Or blame my MarCom department who approved it.

Sales 120

Sales Silicon Valley RSS Las Vegas 120

ReadWriteStart

SEPTEMBER 23, 2010

First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. I will connect the company to a few larger companies that may be good OEM channels for them. Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley. GrillGrate.

India 114

India Silicon Valley Incubator Bootstrapping 114

Austin Startup

OCTOBER 15, 2017

What seems to be the best way to create customers and revenue may result in a business model that is out of vogue with the investment world and shortchanges you on enterprise valuation. In the long ago I spent a brief period of time assisting Pertec, the San Fernando Valley company that bought MITS and its Altair product line.

Technical Review 48

Technical Review Software Review Nevada Silicon Valley 48

Steve Blank

AUGUST 15, 2016

But to do it, you need to actually have a sustainable business model. Starting a business is too risky. The problem was had the wrong business model at the time. Our revenue model was wrong. Tune in Thursday at 1 pm PT, 4 pm ET on Sirius XM Channel 111. Wanting to create impact is great.

Cofounder 142

Cofounder Entrepreneur Africa Sales Cycle 142

ReadWriteStart

APRIL 1, 2011

As for business model, Jigar wants to sell services like refilling cards. The company has distribution through about 50 retailers in Chennai, and is looking for ways to market their product through online channels. We discussed guerilla p.r., product reviews through blogs, as well as SEO, blogs, and social media marketing.

India 119

India Guerilla Entrepreneur New Zealand 119

ReadWriteStart

APRIL 14, 2011

At the roundtable, five entrepreneurs pitched their businesses to me, and I interacted with them in our usual format, with active participation from the audience. First up, Girish Mathrubootham from Chennai, India, presented Freshdesk , a SaaS solution for multi-channel customer support including knowledge base and social CRM support.

India 126

India Technical Review Entrepreneur Silicon Valley 126

Steve Blank

AUGUST 15, 2016

But to do it, you need to actually have a sustainable business model. Starting a business is too risky. The problem was had the wrong business model at the time. Our revenue model was wrong. Tune in Thursday at 1 pm PT, 4 pm ET on Sirius XM Channel 111. Wanting to create impact is great.

Cofounder 120

Cofounder Entrepreneur Africa Sales Cycle 120

ReadWriteStart

OCTOBER 13, 2011

It is much better to grow organically with revenue. Please remember, free is not a business model. a healthcare IT business for managing compliance requirements for pharmaceutical and medical device companies, recording transactions that involve payments to physicians. Cortese Design Bags. The Free Rider Problem.

Business Model 122

Business Model New Hampshire Dallas Entrepreneur 122

Steve Blank

JANUARY 25, 2010

In this post we’re going to offer a new definition of why startups exist : a startup is an organization formed to search for a repeatable and scalable business model. A Business Model. Ok, but what is a business model ? A business model describes how your company creates, delivers and captures value.

Agile 335

Agile Startup Silicon Valley Business Model 335

ReadWriteStart

SEPTEMBER 3, 2010

They make a lot of money, and nothing in Anuj's business model convinced me that these people have any interest or incentive to go around teaching, especially in rural India. Such OEM deals may cost him 50% of his product revenue, but would be the fastest way to reach a large number of customers, nonetheless.

Channel 115

Channel India Bootstrapping Silicon Valley 115

ReadWriteStart

JANUARY 27, 2011

This partnership speaks to a core philosophy of the program where we encourage entrepreneurs to get as much customer validation as possible before raising too much money, use other people's channels if you can get to them, don't burn too much cash, and all that good fiscal conservative stuff. The business is already profitable with $2.9

Dilution 114

Dilution Revenue Finance Entrepreneur 114

Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Provide specifics on the customer business model.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Steve Blank

AUGUST 5, 2010

When I first came to Silicon Valley the world of Venture Capital looked pretty simple. VC’s invested in things that ran on electrons: hardware, software and silicon. The VC business took off with the rapid growth of the semiconductor business. Here’s why. Electron-based Venture Capital.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Duct Tape Marketing

JULY 26, 2018

Rand Fishkin: I think it’s a company that is striving for rapid growth and seeking to find a scalable, repeatable business model that works. John Jantsch: Isn’t that every business? Would you say that your business point of view in general has changed? Rand Fishkin: Oh, yeah, absolutely.

Silicon Valley 33

Silicon Valley SEO Startup Technical Review 33

YoungUpstarts

MAY 26, 2017

Based off the “Pitch then Plan” template originated by Silicon Valley venture capitalist Guy Kawasaki, I believe in creating a strong pitch first and then building a business plan based on it. Slide 3: Introduce your business model. Most businesses should be able to show turning a profit by year 3.

Cofounder 185

Cofounder Silicon Valley Forecast Business Plan 185

www.usatoday.com

JULY 16, 2012

Americas new business model: Sharing. What distinguishes the latest generation of start-ups is a confluence of new technologies and more-efficient business models that leave much of the logistical heavy-lifting to peers who share. Airbnb, Zimride, RelayRides and others have embraced the fee-per-transaction model.

San Francisco 105

San Francisco Technical Review Zimbabwe New York City 105

ReadWriteStart

MAY 7, 2012

“A startup is a temporary organization designed to search for a scalable and repeatable business model,” explains Steve Blank. He’s been around Silicon Valley since 1978 and has founded or worked with eight tech startups, four of which went public. What is the channel? What is the revenue model?

Silicon Valley 145

Silicon Valley Startup Business Model Search 145

Steve Blank

JUNE 8, 2009

Innovation – Business Model? Sales – What Channel to reach the customer? Business Development – What type of partnership or whole product is needed? Business and Revenue Model – How do we organize to make money? Where do the ideas come from? Technology? Customers – Who are the Users? New/Disruptive?

Vertical 122

Vertical Silicon Valley RSS Marketing 122

infochachkie.com

SEPTEMBER 24, 2011

There is an inherent conflict in a consultant’s business model and the needs of a startup. For instance, if a consultant proposes to help you with public relations, pay them a commission equivalent to the greater of a flat fee per story placed or a percentage of revenue generated from the PR coverage.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

ReadWriteStart

MAY 4, 2011

Manoj is experiencing a long sales cycle of close to 12 months, but he has already created a sustainable company that has revenues and profits. He is exploring outside financing, but my concern is that unless the growth rate accelerates, this particular business may not fit the venture model.

India 116

India Entrepreneur Silicon Valley Massachusetts 116

Steve Blank

MAY 5, 2016

There’s a Death Valley of startups trying to do business with schools and teachers. Well, here we are with $5 million in annual revenues and we’re a consumer company that starts with teachers first, and we don’t charge them a dime. Tune in Thursday at 1 pm PT, 4 pm ET on Sirius XM Channel 111.

Brazil 158

Brazil Entrepreneur Cleveland Cofounder 158

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue. Board Control.

Founder 245

Founder Technical Review CTO Hire IPO 245

Steve Blank

MAY 5, 2016

There’s a Death Valley of startups trying to do business with schools and teachers. Well, here we are with $5 million in annual revenues and we’re a consumer company that starts with teachers first, and we don’t charge them a dime. Tune in Thursday at 1 pm PT, 4 pm ET on Sirius XM Channel 111.

Brazil 120

Brazil Entrepreneur Cleveland Cofounder 120

Steve Blank

JULY 2, 2009

Entrepreneur-in-Residence After SuperMac I had been approached by one of our venture investors to be an entrepreneur in residence (EIR), a Silicon Valley phrase which says one thing but means another. Peter described the first company in which “Hollywood meets Silicon Valley” and we were enthralled.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Hearpreneur

JANUARY 3, 2018

Often entrepreneurs and business owners create their New Year’s Resolutions around their business. It could be more revenue, hiring clients or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. 7- Business and income expansion. 6- Continue to Challenge Ourselves.

Kentucky 97

Kentucky Entrepreneur Social Media Los Angeles 97

Both Sides of the Table

FEBRUARY 17, 2010

It is a channel disguised in business clothing. I would argue that if Apple’s app model continues to succeed it is bad for your health. They were frustrated that despite having the (monopoly) infrastructure that brought you the Internet, the majority of innovation and profits went to Silicon Valley startups.

Flash 326

Flash Mobile Application Development Cloud 326

Steve Blank

FEBRUARY 26, 2020

There are two reasons to raise money: You have a killer idea that is only partially validated, that you think can get to $50M+ of revenue in 5 years with 80%+ gross margins (if margins are lower, you need a lot more revenue)and you need money to get to product-market fit, or. Team, Product, Traction, Business Model and Market.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Ben's Blog

MAY 15, 2020

Finally, we’ll zoom out and assess the big picture: how various categories of company may be impacted long-term, how this crisis compares to 2008 (and what that means for early-stage founders), and the industries and business models that are now prime for growth. We’re not going to book any revenue for the next 12 months.

Founder 36

Founder Conversion Technical Review Cash Position 36

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. The business model.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

DECEMBER 8, 2015

Read part one on the Evolution of Corporate R&D and part two on Innovation Outposts in Silicon Valley. . Today, large companies are creating Innovation Outposts in Innovation Clusters like Silicon Valley in order to tap into the clusters’ innovation ecosystems. These challenges may be either strategic or tactical.

Silicon Valley 120

Silicon Valley Acquisition Boston Early Stage 120

SVPG

SEPTEMBER 30, 2016

When I first decided to start The Silicon Valley Product Group, I had just left eBay and had some very strong opinions about what makes great product teams, and great product cultures, and while there were more than a few important thinkers and leaders on these topics, one area that I felt was under-represented was the role of product management.

Product 60

Product Technical Review Software Review Engineer 60

Agile VC

APRIL 13, 2012

I spent some time with some startups in San Francisco proper, as opposed to the heart of Silicon Valley (see Note 1). “Silicon Valley” (see Note 2) is hardly alone in this urbanization of startups trend. April 13, 2012. I was back in the SF Bay Area last week for a bit of work and a bit of fun.

Silicon Valley 185

Silicon Valley San Francisco San Jose Startup 185