Steve Blank

DECEMBER 2, 2013

We talk a lot about Customer Development, but there’s nothing like seeing it in action to understand its power. Here’s what happened when an extraordinary Digital Health team gained several critical insights about their business model. You can’t guess how your product is valued by customers.

Customer 324

Customer Churn Rate Customer Development Lean 324

Steve Blank

NOVEMBER 8, 2013

To indicate where their customers for this new market would come from they drew the 5 adjacent market segments : corporate, higher education, startup ecosystem, institutions, and adult learning skills that they believed their future customers were in today. The Petal Diagram drives your business model canvas.

Venture Capital 335

Venture Capital Customer Development Business Model Lean 335

Steve Blank

JUNE 23, 2016

These resulting business models made them look incredibly profitable. They knew how to execute the current business model. ARM, a competitor, not only had a better, much lower power processor, but a better business model – they licensed their architecture to other companies that designed their own products.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Startup Lessons Learned

SEPTEMBER 22, 2008

Lessons Learned by Eric Ries Monday, September 22, 2008 The three drivers of growth for your business model. The AARRR model (hence pirates, get it?) He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

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 Their objective is to get users, orders, customers, etc.

Wiki 312

Wiki Lean Management Business Model 312

Steve Blank

MARCH 25, 2011

Week 3 of the class and our teams in our Stanford Lean LaunchPad class were hard at work using Customer Development to get out of the classroom and test the first key hypotheses of their business model: The Value Proposition. Agora Cloud Services. and report the results of face-to-face customer discovery.

Cloud 232

Cloud Intellectual Property Lean Customer Development 232

Steve Blank

OCTOBER 9, 2018

They use the Business Model (or Mission Model ) Canvas to keep track of their key hypotheses and then rapidly test them by talking to customers and iterating their Minimal Viable Products. Diagram Your Business Model. The best way to start is by drawing a business model canvas.

Marketing 322

Marketing Startup Government SEC 322

Startup Lessons Learned

SEPTEMBER 15, 2008

The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Steve Blank

OCTOBER 26, 2013

It’s a model for a government program that’s gotten the balance between public/private partnerships just right. While a few of the I-Corps teams are in web/mobile/cloud, most are working on advanced technology projects that don’t make TechCrunch. in Science or Nature.

Lean 264

Lean Washington Incubator Agile 264

Steve Blank

JULY 22, 2010

Customer Validation needs to have the CEO actively involved. Customer Development Diagnostics over Lunch. A VC asked me to have lunch with the CEO of a startup building cloud-based enterprise software. He went through his product feature by feature and matched them to the customer problems. Sales Process.

Forecast 272

Forecast Sales Customer Customer Development 272

Steve Blank

NOVEMBER 30, 2011

He had an idea for a new class of enterprise software insight-as-a-service based on big data web analytics as a Cloud/SaaS (Software As a Service) application. Bob had taken to heart the business model canvas and Customer Development lessons. Filed under: Customer Development , Family/Career/Culture.

Customer Development 330

Customer Development Cofounder Later Stage Software 330

Steve Blank

MAY 3, 2011

After a week of hectic customer discovery , the team further refined their new business model. Their initial customer segment were upwardly mobile professionals with $2-10K discretionary purchases/year (excluding travel,) and their revenue model was affiliate program fees. Where is the best place for your business?

South Dakota 223

South Dakota Business Model Lean United States 223

Steve Blank

OCTOBER 3, 2016

Prior to Aster, Ajeet worked at Oracle where he was part of the team that first launched Oracle Database to the Amazon EC2 cloud. Filed under: Customer Development. Ajeet learned the ropes of enterprise startups at Aster Data Systems , where he was Senior Director of Product Management.

Cofounder 276

Cofounder Silicon Valley Entrepreneur EC2 276

Steve Blank

OCTOBER 3, 2016

Prior to Aster, Ajeet worked at Oracle where he was part of the team that first launched Oracle Database to the Amazon EC2 cloud. Filed under: Customer Development. Ajeet learned the ropes of enterprise startups at Aster Data Systems , where he was Senior Director of Product Management.

Cofounder 276

Cofounder Silicon Valley Entrepreneur EC2 276

Startup Lessons Learned

SEPTEMBER 30, 2008

For example, how are you going to explain that component drive architecture like.NET isn't going to work for cross platform open open source business models? However, they insisted on using a platform that totally contradicted their business model. No departments The Five Whys for Startups (for Harvard Business R.

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

Startup Lessons Learned

JUNE 5, 2009

One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. For example, say that your business model calls for a 4% conversion rate – as ours did initially at IMVU.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

OCTOBER 23, 2013

LSC: Tell us about the customer development you did for your book: Alistair: We''ve been thrilled at how Lean Analytics seemed to resonate with founders. As operators of an accelerator—and founders in our own right—Ben and I had constantly struggled with what the “right” numbers are for a business. Many companies like certainty.

Analytics 167

Analytics Lean Widget Metrics 167

Steve Blank

JULY 9, 2015

Many startups make the key assumption that hospitals will trust their data to a startup’s “cloud” for the long term. The only way to know for sure is to test that assumption by getting out of the office and talking to customers. a security review (especially if they are in “the cloud”). For the longer term it may not be.

Startup 120

Startup Early Stage Azure Lean 120

Startup Lessons Learned

APRIL 14, 2009

What matters is proving the viability of the company’s business model, what investors call “traction.&# But in the meantime, by iterating on their product with customers, they have a chance to get there on their own. Labels: agile , customer development 15comments: Scott Shapiro said.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Lessons Learned

MAY 27, 2009

It uses principles of agile software development, open source and web 2.0, and lean manufacturing to guide the creation of technology businesses that create disruptive innovation. This presentation will empower entrepreneurs and managers to: -Identify a profitable business model faster and cheaper than your competitors.

Lean 60

Lean Austin San Francisco Continuous Deployment 60

Startup Lessons Learned

APRIL 18, 2010

What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated. Myth: Lean Startups replace vision with data or customer feedback. Myth: Lean Startups replace vision with data or customer feedback.

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Steve Blank

MARCH 22, 2016

She struggled early on trying to get customers to see her vision for maintaining aviation manuals and other records on the cloud rather than on paper: Kerry : Just a couple short months after that final testing (of Comply’s 365 product using a Kindle) the iPad came out and I looked at that. ” I was laughed out of every boardroom.

Entrepreneur 120

Entrepreneur North America Cofounder Silicon Valley 120

Startup Lessons Learned

JULY 29, 2009

For example, IMVU’s early business model was made possible by Paypal’s easy self-serve and open access payment system. Are the engineers in the customer development team allowed to push quick and dirty "prototypes" to production? No departments The Five Whys for Startups (for Harvard Business R.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

SoCal CTO

DECEMBER 1, 2010

Storm Clouds - A VC : Venture Capital and Technology , November 12, 2010 We have enjoyed an amazing run in the web startup and investing space over the past five or six years. few years ago I also started following Alexander Osterwalder in his blog about his Business Model Generation -mantra. This should not deter you.

Technical Review 175

Technical Review Technology Product CTO Hire 175

Startup Lessons Learned

AUGUST 16, 2010

It requires separating the product launch from the marketing launch (see Dont Launch ) as well as other staple Lean Startup tactics: minimum viable product, split-testing, customer development and the pivot. That is customer development. “But it never happened.&# [Alas, customers dont know what they want!

San Francisco 167

San Francisco Lean Analytics Continuous Deployment 167

Startup Lessons Learned

JUNE 21, 2010

Many startups don’t innovate at all in the product dimension, but use other kinds of innovation: repurposing an existing technology for a new use, devising a new business model that unlocks value that was previously hidden, or even simply bringing a product or service to a new location or set of customers previously underserved.

San Francisco 168

San Francisco Startup Lean Continuous Deployment 168

Steve Blank

NOVEMBER 4, 2021

Modern entrepreneurship began at the turn of the 21 st century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. Why does this matter?

Customer 421

Customer Marketing Lean Vertical 421

rob.by

MARCH 8, 2012

Certainly using techniques such as customer development (www.custdev.com) and lean startup (minimum viable product) can help go a long way to giving the tech co-founder some early payback in terms of whether there will be any traction in the idea and reduce their inital involvment to get to prototype stage.

Technical Cofounder 42

Technical Cofounder Cofounder Software Engineering Fractional CTO 42

Startup Lessons Learned

JULY 15, 2010

We have to continually invent new categories of products, new platforms, and new business models – all extremely risky bets. We have to continually invent new categories of products, new platforms, and new business models – all extremely risky bets. Oh, and by the way, we still have to execute flawlessly.

IPO 166

IPO San Francisco Lean Silicon Valley 166

Steve Blank

MAY 18, 2009

It was too loud to talk so I just watched the steel pour through the clouds of soot backlit by the blinding bright liquid metal. And as I stared through the billowing clouds of soot flashing between black and white took on fantastical shapes as tiny figures on the factory floor scurried around the bucket. Let me know what you think.

Founder 302

Founder Silicon Valley RSS China 302

Startup Lessons Learned

AUGUST 8, 2009

In particular, we would cover customer development, continuous deployment, minimum viable product, and actionable metrics. I love the business model. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? No departments The Five Whys for Startups (for Harvard Business R.

Lean 102

Lean Programming San Francisco Continuous Deployment 102

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.&# The amount of traditional business modeling will vary.

Customer 156

Customer San Francisco Viral Lean 156

Startup Lessons Learned

MAY 17, 2009

Identify a profitable business model faster and cheaper than your competitors. Continuously discover what customers want to buy before building or making follow-on investments in new features. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

Lean 60

Lean San Francisco Continuous Deployment DC 60

Startup Lessons Learned

JULY 9, 2009

No business model, either. All my products and ideas focus on early cash and a business model that works from the first day. So, the idea of starting without a business model is good ? It doesn't matter what business model you have thought about, in the early day. And Google?

San Francisco 94

San Francisco Lean Continuous Deployment DC 94

ConversionXL

JANUARY 28, 2013

Steve Blank , a Silicon Valley mentor and serial-entrepreneur, recognized for developing the customer development methodology, says it best: No plan survives first contact with customers. Sure, he was talking about business models and business plans, but it applies to websites as well.

Conversion 106

Conversion Silicon Valley Matching Design 106

Steve Blank

JUNE 7, 2010

The company had innovated, found a business model, grown successfully but now even as revenues continued to grow, the company was slowly but surely dying. The other founder, the business guy, managed to get its product legislated into consumer electronics devices. For me, I learned this lesson first hand. It was impressive.

Silicon Valley 269

Silicon Valley Cofounder Acquisition Kansas 269

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