Steve Blank

NOVEMBER 8, 2013

” conversation with investors. (If The Petal Diagram drives your business model canvas. ” That’s handy if you’re using a Lean Startup methodology because the Petal Chart helps you identify your first potential customer segments on the business model canvas. .”

Venture Capital 335

Venture Capital Customer Development Business Model Lean 335

Steve Blank

MARCH 26, 2014

For those who don’t know, I wrote the book Open Innovation in 2003, and followed it with Open Business Models in 2006, and Open Services Innovation in 2011. In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. The internal venture must do all this, and more!

Startup 330

Startup Business Model Lean Russia 330

Up and Running

MAY 3, 2012

From a young person’s perspective, with tight labour markets, decreasing barriers to entry, low capital-intensive business models and immediate free access to a global market, the appeal is also compelling. Eric Ries , author of The Lean Start-up , puts it best: ‘ The grim reality is that most start-ups fail.

Entrepreneur 82

Entrepreneur Technical Review Silicon Valley Lean 82

Steve Blank

JANUARY 21, 2013

Jim Hornthal splits his time between venture capital, entrepreneurship and education. Berkeley, joined me in launching the National Science Foundation Innovation Corps class and now has been teaching his own Lean LaunchPad class at Princeton. These notes were derived (read: stolen) from the Lean LaunchPad Educator’s guide.

Lean 288

Lean Cofounder Dividend Business Model 288

Startup Lessons Learned

MAY 31, 2019

He’ll be speaking at this year’s Lean Startup Conference , and also has a new book (for which I very happily wrote a short foreword) coming out next month: Secrets of Sand Hill Road: Venture Capital and How to Get It. What is venture capital, really? And what does a venture capital firm do?

Lean 108

Lean Venture Capital Conversion IPO 108

Steve Blank

JUNE 2, 2011

Reinventing the board meeting may allow venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Startups now understand what they should be doing in their early formative days is search for a business model. for a business model.

Silicon Valley 289

Silicon Valley Business Model Early Stage Venture Capital 289

Steve Blank

JUNE 25, 2009

The Customer is a Genius Then instead of talking about our products he segued the conversation into their products. And soon the conversation were about architectural tradeoffs and then how customers didn’t appreciate the elegant designs and how the world was going to hell in a handbasket because of these commodity microprocessors.

Technology 143

Technology Silicon Valley Fractional VPE Part-Time VPE 143

www.inc.com

SEPTEMBER 24, 2011

Dave Graham Business Venture Capital Private Equity GlobalLogic Inc. Venture Capital Firms. Over the past year or so, work-for-equity arrangements have become an integral part of Arizona Bays business model. But Ive definitely had to lean on Dave. Were not a venture capital firm.".

Arizona 40

Arizona Equity Iowa Venture Capital 40

genylabs.typepad.com

SEPTEMBER 24, 2011

Even the best venture capital firms have a lot of failures and few successes. While Ive made at least my share of mistakes taking equity in lieu of pay, I continue to see this as a key part of my business model. You can follow this conversation by subscribing to the comment feed for this post. Business Models.

Equity 40

Equity Technical Review San Jose Stock 40

ReadWriteStart

JUNE 29, 2020

Governor Cuomo, governor of New York State, USA, highlighted the quintessential issue with the coronavirus pandemic in his conversation with Howard Stern on 13 April 2020. Additionally, “a startup is usually a company designed to effectively develop and validate a scalable business model. Implement the “lean startup” philosophy.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Steve Blank

APRIL 30, 2009

If you look at the top 3 online retailers by conversion rate, none of these are award-winning designs : [link] [link] [link] However, they convert ~25% of visitors to customers. Initially your job is to understand each of the parts of your business model before you hire someone to do it.

Sales 120

Sales Silicon Valley RSS Las Vegas 120

David Teten

MARCH 3, 2015

That is what I’ve seen happen with the “ Lean Startup ” philosophy of viewing your startup as a scientific experiment in search of a business model. For example, “ What CRM tools are used by venture capital and private equity funds? ”. See how Tim Ferriss titled his book based on Adwords conversion rates.

Startup 60

Startup Private Equity Lean Portfolio 60

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. Competing To Win Deals - A VC : Venture Capital and Technology , November 7, 2010 The venture capital business is highly competitive.

Technical Review 175

Technical Review Technology Product CTO Hire 175

The Equity Kicker

FEBRUARY 24, 2014

I’ve tested pricing models and conversion rates. I’ve worked in digital businesses since 2000 as Product Manager, ECommerce Operations Director and most recently as Chief Operating Officer (3 companies). There have been a few VCs that I’ve worked with that have management experience in internet businesses.

Partner 91

Partner Early Stage Business Model HTML 91

The Equity Kicker

JULY 8, 2019

When I started in venture capital in the late 1990s VCs were regularly lambasted for taking long summer holidays and spending too much time on the golf course. In addition to Platform and Applied Venture strategies, the trend towards hiring ex-operators into partner roles at VC firms can be seen in this light. Business model.

Portfolio 84

Portfolio LP Venture Capital Partner 84

Startup Lessons Learned

JULY 11, 2019

Among her early investments are Lyft, TaskRabbit and Modcloth, which, as our recent conversation shows, are only part of the reason Forbes called her “the most powerful woman in startups.” Ann will be speaking at this year’s Lean Startup Conference in October about all of this and more. I've been in venture now twice.

Founder 68

Founder Lean Venture Capital Cofounder 68

ReadWriteStart

JUNE 15, 2011

Startups now understand what they should be doing in their early formative days is search for a business model. The process they use to guide that search is "Customer Development" ; and to track their progress startups now have a scorecard to document their week-by-week changes – the business model canvas.

Silicon Valley 118

Silicon Valley Startup Early Stage Business Model 118

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

SoCal CTO

JULY 13, 2010

10 Ways To Be Your Own Boss - A VC : Venture Capital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. " 8 Questions to Ask When Interviewing at a Startup - Instigator Blog , June 18, 2010 Job interviews are meant to be conversations.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . Lean Case provides standard business models & metrics, so you can apply a standard approach to business planning, modeling, and profitability tracking.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

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 267

Customer Development Developer Customer Silicon Valley 267

online.wsj.com

SEPTEMBER 23, 2012

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. more in Small Business. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

Steve Blank

AUGUST 20, 2009

Some of the conversations went like this: Startup 1 Entrepreneur -“I’m competing against Company x and have been following the Customer Development process and I’ve talked to lots of customers.” Me – “Have you used Company x’s product? We’re about to ship next week.”

Silicon Valley 206

Silicon Valley Startup RSS Customer Development 206

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

So conversion rate percentage, of course it can always be higher and we’re doing a lot of stuff to make that higher, but it’s in line with other applications. Jason: Yeah, one percent conversion rate is pretty normal. I have schools and businesses. Now most of the businesses are small to medium- sized businesses.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Steve Blank

MAY 7, 2009

I finally understood how valuable these contests can be for students in cities or countries without a venture capital or entrepreneurial infrastructure. At a university business plan competition, for the first time they can swim in the sea of expertise that we/I take for granted in the middle of Silicon Valley. to compete.

Business Plan 156

Business Plan Silicon Valley RSS Venture Capital 156

www.usatoday.com

JULY 16, 2012

Veteran investor Timothy Draper says venture-capital firms are taking notice of Silicon Beach. But most start-ups in Silicon Beach are young and lean and cant afford to provide Silicon Valley-like perks as trumpeted by Google, such as free food, pool tables and massages. "If Americas new business model: Sharing.

Los Angeles 87

Los Angeles San Francisco Southern California Silicon Valley 87

Steve Blank

NOVEMBER 30, 2009

You know you have achieved product/market fit when you start getting orders (or users, eyeballs or whatever your criteria for success was in your business model.) But it would have been from a profound set of founders beliefs and a serious discussion of the business tradeoffs rather than a feature list. Then WHAT it IS?

Customer Development 284

Customer Development Developer Customer Silicon Valley 284

Up and Running

OCTOBER 21, 2014

‘Starting a business’ really only comes down to figuring out your business idea ; doing your paperwork; and sorting out the money. Given the number of funding resources available today, you shouldn’t have too much of a problem getting that initial start-up cash, especially if you focus on a lean business model or MVP route to market.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

www.chubbybrain.com

SEPTEMBER 28, 2011

If you are an entrepreneur seeking funding, try our free Funding Recommendation Engine to identify a list of angels, venture capital and state grant programs that best match your business. If I tell someone I’m the mayor of a spot, I’m in an instant conversation: “What makes you the mayor?” It’s free.

Software Review 79

Software Review Startup Technical Review Vesting 79

Steve Blank

MAY 18, 2009

The lunch conversation was an interesting data point to add to a hypothesis I’ve had. Great founders live for these moments. Creating the Entrepreneurial Personality – A Thought Experiment Fast forward three decades back to today.

Founder 310

Founder Silicon Valley RSS China 310

Up and Running

MARCH 11, 2015

I’m going to share what the metrics are for a SAS business, which is software as a service, and that’s what we are here at LivePlan, so these are the things that we track on a daily basis. It was interesting to me, so we had this whole conversation about the type of people. This is why we love the lean startup methodology.

Technical Review 60

Technical Review Software Review Due Diligence Exit Strategy 60

SoCal CTO

JANUARY 5, 2011

Some really great stuff in 2010 that aims to help startups around product, technology, business models, etc. First Principles. Steve Blank , January 25, 2010 10 Tips for Adding Game Mechanics to a Non-Gaming Service - ReadWriteStart , September 21, 2010 Startups & VCs: Learn How to Design, Market, & Eat Your Own. -

Silicon Valley 378

Silicon Valley Startup Term Sheet Venture Capital 378

Up and Running

JULY 3, 2015

Check out Tim Berry’s book, Lean Business Planning , coming soon. Check out Lara Galloway’s new book, Moms Mean Business. Well that’s where the lean planning comes in. Well that’s where the lean planning comes in. That’s where maybe the lean startup mode comes in. How minimum?

Internet 60

Internet Marketing Lean Small Business 60

Austin Startup

MAY 3, 2017

Buyout companies  — In a low interest rate and the slow-growth environments of recent years, companies like Apple, Facebook, and Google focus on acquisitions instead of focusing on capital expenditures and development of internal investment projects. Marketing is the distinguishing, unique function of the business.” too obvious?)

Texas 48

Texas Startup Silicon Valley Bootstrapping 48

techcrunch.com

OCTOBER 23, 2010

It is the first in a series of posts he’s writing about the decisions a young entrepreneur needs to make when she/he is first starting a business. The timing is perfect, there is more than a little overlap with Vivek Wadhwa’s guest post on venture capital earlier today. Johnny Good post. it is always product first.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

steveblank.com

JULY 8, 2011

signup, upgrade, trial pricing Zuora – online subscription management FeeFighters – find the cheapest credit card processors HealPay – Collections made easy Customer Support Tender – support, knowledgebase tool for your site GetSatisfaction - conversations between companies / customers.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). Lean Methodology Sources. Steve Blank on Lean Customer Development. Part 3- Lean Cust. Steve Blank’s Lean Startup Resources. Small Business tools list. Lean Startup Circle â?? Lean project management. About VC Cafe.

Software Review 53

Software Review Technical Review Startup 53