Steve Blank

JUNE 11, 2013

When you take money from investors their business model becomes yours. Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. When I asked, “What are you working on?” Why small amounts?

Venture Capital 334

Venture Capital IRR Liquidity Event Business Model 334

Steve Blank

JUNE 11, 2013

When you take money from investors their business model becomes yours. Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. When I asked, “What are you working on?” Why small amounts?

Venture Capital 226

Venture Capital IRR Liquidity Event Business Model 226

maplebutter.com

JANUARY 8, 2013

Other sources of capital. Government grants – Credit cards / debt. I’m not afraid to pick up the phone, cold call someone, use LinkedIn to find someone who’s recently left a company that might be considered competitive and ask them for advise around the business model and marketplace. I may iterate 3 times in one day.

Technical Review 44

Technical Review Startup Cofounder Software Review 44