Steve Blank

MARCH 5, 2015

Starting this Monday, March 9 th 4-6pm Pacific Time I’ll be on the radio hosting the Bay Area Ventures program on Sirius XM radio Channel 111 – the Wharton Business Radio Channel. Alex Osterwalder – Business Models. Oren Jacob – CEO ToyTalk. April 27 th. Aug 24th in NY.

Channel 120

Channel Venture Capital Lean Business Model 120

Steve Blank

FEBRUARY 11, 2010

The Customer Development process is the way startups quickly iterate and test each element of their business model , reducing customer and market risk. In Discovery startups take all their hypotheses about the business model: product, market, customers, channel, etc.

Burn Rate 248

Burn Rate Silicon Valley Marketing Boston 248

Startup Professionals Musings

MAY 14, 2012

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 242

Business Model Distribution Viral Green 242

Steve Blank

FEBRUARY 16, 2012

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. The Business Plan ?- Business Plan vs. Business Model + Customer Development.

Business Model 263

Business Model Customer Development Utah Business Plan 263

ReadWriteStart

APRIL 8, 2023

Omnichannel: Diversity and Inclusion Every successful organization uses multiple channels to communicate with potential customers and advertise its products. Search engine optimization, paid search, social media channels, online stores, and even pop-up spots are examples of practical omnichannel usage.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Startup Professionals Musings

JANUARY 29, 2011

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 246

Business Model Distribution Viral Green 246

www.xconomy.com

JUNE 9, 2012

Tech Channels ▾ Cleantech ›. New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’. The firm, Correlation Ventures, is using predictive analytics technology to tilt the odds in its favor. Venture Capital innovation people. View More in San Francisco ›. View More in Seattle ›. Health IT ›.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Steve Blank

MARCH 31, 2014

Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

SoCal CTO

JUNE 9, 2010

Draw Your Ideas - A VC : Venture Capital and Technology , May 16, 2010 I saw Jack Dorsey give this talk at The 99% Conference last month. The Yin and Yang of Product and Engineering - A VC : Venture Capital and Technology , May 22, 2010 For a tech company, product and engineering are the heart and soul of the business.

Fractional CTO 248

Fractional CTO Startup Venture Capital Cofounder 248

Up and Running

NOVEMBER 15, 2017

Even if you already know what a SWOT analysis is and what it’s used for, it can be tough to translate that information and examine your own business with a critical eye. Reading an example SWOT analysis for a business that is either in your industry or based on a comparable business model can help get you started.

Botswana 148

Botswana Business Plan Oregon Distribution 148

Startup Professionals Musings

MAY 21, 2023

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Equity 266

Equity Startup Small Business Administration SBA 266

ReadWriteStart

JUNE 1, 2020

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. Equity investors. Debt investors.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

AUGUST 29, 2020

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Equity 436

Equity Small Business Administration SBA Syndicate 436

The Startup Magazine

AUGUST 3, 2021

Lazarus has developed a reputation in the Melbourne and Sydney business communities as a consultant who is brutally honest yet caring and highly effective at the same time. Lazarus uses his social media channels to provide general business education, highlight recent transactions, and encourage people on their entrepreneurial journey.

United States 167

United States Entrepreneur Angel Investor Social Media 167

Steve Blank

JANUARY 21, 2016

You must also understand the value the product provides customers (along with the rest of your business model.). These topics were the focus of interviews with the latest guests on Entrepreneurs are Everywhere , my radio show on SiriusXM Channel 111 (airing weekly Thursdays at 1 pm Pacific, 4 pm Eastern).

Detroit 120

Detroit Baltimore Entrepreneur Cofounder 120

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. Heck, there was no venture capital in Dixie in that era. He forgot a major highlight of the business model, and the damage was done.

Technical Review 48

Technical Review Software Review Nevada Silicon Valley 48

Steve Blank

DECEMBER 7, 2010

Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.). In contrast, startups search for a business model. (Or to optimize this search. to optimize this search.

Wiki 311

Wiki Lean Management Business Model 311

Startup Professionals Musings

OCTOBER 10, 2018

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Entrepreneur 240

Entrepreneur Equity Small Business Administration SBA 240

Steve Blank

AUGUST 5, 2010

Consumer Internet investing seems to have split off from traditional Venture Capital, and is creating a new category of VC’s: Lean VC’s. Electron-based Venture Capital. When I first came to Silicon Valley the world of Venture Capital looked pretty simple. Here’s why.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Steve Blank

FEBRUARY 12, 2015

In this first step, the goal of a startup is to search for a repeatable and scalable business model. You’ll realize you’re ready to exit the Search step when you have customer validation: You’ve found a sales channel that matches how the customer wants to buy and the costs of using that channel are understood.

Startup 120

Startup Lean Venture Capital Advisory Board 120

ReadWriteStart

SEPTEMBER 3, 2010

I asked her not to assume that investors will be investing in this business idea, at least not until she can acquire some level of validation, which means tens, if not hundreds of thousands of customers, and several partnerships with daily deal sites. Venture capitalists today don't exactly practice venture capital.

Channel 115

Channel India Bootstrapping Silicon Valley 115

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. Worry about the sales results. What did we learn?

Sales 120

Sales Silicon Valley RSS Las Vegas 120

SoCal CTO

FEBRUARY 2, 2011

There's a lot out there around Customer Development - read Steve Blank : Entrepreneurship as a Science – The Business Model/Customer Development Stack - Steve Blank , October 25, 2010 Checklists for Chaos, The Path to Success - Steve Blank , October 28, 2010 and reading about Lean, MVPs, etc. is a requirement.

Valuation 198

Valuation Revenue Pre-Money Valuation Early Stage 198

David Teten

JANUARY 11, 2020

In the venture capital/private equity business, investors are B2B microinfluencers. PEVCTech.com , a community for investors and technologists responsible for investing in private companies, primarily at private equity and venture capital funds. This is why I do speak regularly at various conferences.

Social Media 60

Social Media Technical Review Media Private Equity 60

www.usatoday.com

JULY 16, 2012

Americas new business model: Sharing. The nation is in a sharing mood — and start-ups are capitalizing on it. TaskRabbit has (people) making over $5,000 a month in San Francisco," says Craig Shapiro, founder of Collaborative Fund, a venture-capital fund specializing in sharing sites. Game Hunters. Jinny Gudmundsen.

San Francisco 105

San Francisco Technical Review Zimbabwe New York City 105

www.forentrepreneurs.com

FEBRUARY 2, 2010

Business Model I would like to propose that in addition to team, product, and market, there is actually a fourth, equally important, core element of startups, which is the need for a viable business model. These new business models focused heavily on how buying behavior has changed because of the power of the web.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Steve Blank

DECEMBER 7, 2009

Our business model changed as we realized that to become a large company, we needed to automate more than just a few marketers. We had validated our new assumptions by a set of orders, and we had pivoted on our business model. Our original idea had been nothing more than an untested set of hypotheses.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Startup Professionals Musings

OCTOBER 12, 2014

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: 10. Solicit venture capital investors.

Entrepreneur 283

Entrepreneur Startup Equity Small Business Administration 283

Steve Blank

MAY 29, 2019

My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.” Today the capstone class is most often experiential, team-based, hands on, focused around the search for a repeatable and scalable business model. Distribution channels, brand loyalty, etc.

Incubator 331

Incubator Lean Programming Government 331

The Next Web

AUGUST 26, 2013

Most first-time entrepreneurs write huge business plans, instead of creating a short pitch-deck. Focus on building a prototype, test your business model and create a clear strategy to become a sustainable and scaleable business fast. Brad Feld wrote a great book about Venture Capital.

Management 120

Management Cofounder Startup Bootstrapping 120

Up and Running

JUNE 23, 2015

The business model is innovative and unique, and the business itself serves as a fantastic “how to” example for entrepreneurs looking to start a social, mission-driven business. Social media is our primary marketing channel,” Cote says. See Also What Is a Social Enterprise? Always be learning.

Cofounder 60

Cofounder Sweat Equity Social Media Business Model 60

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?” business model. before you ship. customers aren’t buying it, the cost of distribution is too high, etc.)

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Startup Professionals Musings

MARCH 18, 2016

If you have a proven business model with some sales, it’s credible to apply a multiplier of five to 10 times this number for the first element of valuation. If the founder and team members have built a previous startup in a related business domain, that fact may add up to an additional $1 million in valuation for your startup.

Intellectual Property 120

Intellectual Property Valuation Pre-Money Valuation Startup 120

Up and Running

NOVEMBER 10, 2015

The sales channels you will use to reach your target customers. Your business model (or how you will make money). It’s particularly good if you’re interested in venture capital funding and angel investment. See Also: The Complete Guide to Choosing Your Business Structure. The problem you are solving.

Curation 60

Curation Lean Software Review Finder 60

Startup Professionals Musings

SEPTEMBER 25, 2016

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Equity 120

Equity Small Business Administration SBA Syndicate 120

Start Up Blog

NOVEMBER 18, 2020

We’ll be doing lots of content on the social channels for it too – all of which are here. The app delivery sector seems to be falsely propped up by Venture Capital investments so they can expand quickly, even if they lose money. So far the feedback has been amazing.

IPO 62

IPO Valuation Software Venture Capital 62

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? If you raise venture capital versus getting a bank loan, you are no less or more of an entrepreneur.

Silicon Valley 33

Silicon Valley SEO Startup Technical Review 33