Startup Professionals Musings
SEPTEMBER 7, 2018
This process costs money, which professional investors are not willing to contribute, since their interest is in scaling a proven product and business model into a growth business. Specifically, I often point to the NSF or the Small Business Innovation Research (SBIR) program for high-tech startups.
Steve Blank
AUGUST 21, 2013
What we found is that during the class almost all of them pivoted - making substantive changes to one or more of their business model canvas components. In the real world a big pivot in life sciences far down the road of development is a very bad sign due to huge sunk costs.
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Steve Blank
MAY 3, 2022
The Ukraine conflict is demonstrating the changing character of war such that low-cost emerging commercial technology is extremely effective when deployed against a larger 20th-century industrialized force that Russia is fielding. Venture capital and startups have spent 50 years institutionalizing the rapid delivery of disruptive innovation.
Steve Blank
DECEMBER 17, 2014
With that SBIR-Phase 1 funding the teams were trying to establish the technical merit, feasibility, and commercial potential of their technology. We’ve learned that information from 100 customers is just at the edge of having sufficient data to validate/invalidate a company’s business model hypotheses. Lessons Learned.
Up and Running
APRIL 24, 2018
For example, having flexible work hours means you can hire talented candidates from different time zones, which will increase your productivity while keeping the costs down. Your health startup business plan should be a tool to guide your growth. At first, you need to focus on developing your business model and validating it.
Steve Blank
SEPTEMBER 26, 2018
Mastering the reimbursement path requires a company to have yet another group of specialists conduct expensive clinical cost outcomes studies. The other interesting observation: Unlike other medical device companies, Apple’s current Watch business model is not dependent on getting insurers to pay for the watch. The Future.
Steve Blank
OCTOBER 10, 2017
Dual-use” products reduce the cost for defense adoption of products. Prioritization : Once a list of innovation ideas has been refined by curation, it needs to be prioritized using the McKinsey Three Horizons Model. Horizon 1 ideas provide continuous innovation to a company’s existing business model and core capabilities.
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