Steve Blank

NOVEMBER 13, 2012

I asked Tsutsumi-san to write a guest post for my blog to describe his experience with Customer Development in Japan. After waiting for a week or so for the book to make it to Japan, I was very much shocked how impressed I was by the Customer Development Model detailed in the book. Evangelizing Customer Development in Japan.

Japan 292

Japan Customer Development Developer Customer 292

Startup Professionals Musings

JUNE 30, 2019

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Apply for contests and business grants. Join a startup incubator. Commit to a major customer.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

ReadWriteStart

MAY 5, 2011

Next, Douglas Villalobos from Costa Rica pitched GeoInvenio, a mobile application development platform. Douglas has identified about 50 software companies in Costa Rica that may be willing to develop apps on top of the GeoInvenio platform. We can derive GeoInvenio's business model and pricing model based on that.

Costa Rica 115

Costa Rica Incubator Silicon Valley India 115

Startup Professionals Musings

AUGUST 8, 2022

There is nothing wrong with a focus on making the current business model work better. It is better to put new products or services into a new or special department, sometimes known as an innovation incubator, to get the focus they require. Decisions made lower down always get more buy-in.

Stock Options 277

Stock Options Incubator Framework Stock 277

Steve Blank

SEPTEMBER 1, 2021

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. Do they have better sales, marketing, or product development groups? You think startups are hard? The short answer is no.

Incubator 402

Incubator Lean Agile Business Model 402

Steve Blank

JANUARY 30, 2013

With hindsight we should have had “proof of concepts” tested in a corporate center (think ‘pop-up incubator’) where they would do extensive Customer Discovery. We should had done this before assigning the teams to a particular business unit (or had the ability to create a new business unit, or spin the team out of the company).

Programming 265

Programming Technical Review Incubator Intellectual Property 265

Up and Running

APRIL 8, 2015

A business in its early stages can often use a leg up, whether in the form of wise words from a mentor or an introduction to a strategic partner. This is where incubators come in. Incubators were designed to fill the gap between knowledge and connections. Incubators provide that very important sense of community.

Incubator 60

Incubator Cofounder Founder Early Stage 60

Startup Professionals Musings

JULY 14, 2014

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Apply for contests and business grants. Join a startup incubator. Commit to a major customer.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Startup Professionals Musings

FEBRUARY 19, 2013

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Apply for contests and business grants. Join a startup incubator. Commit to a major customer.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

JANUARY 12, 2018

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development. Join a startup incubator. Leave the world of new computer chips and new drugs to the big companies, and people with deep pockets.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. Filed under: Customer Development , Lean LaunchPad , Teaching.

Lean 315

Lean Customer Development Sales Cycle Business Model 315

YoungUpstarts

APRIL 7, 2016

The rub is that a startup likely has the ideas to take it straight to the top, but it’s also likely that the company lacks the business skills to make it truly successful. Some more experienced Labs may also have a major talent pool available for use by its companies, as well as develop and build their own products.

Seed Stage 100

Seed Stage Silicon Valley Incubator Asia 100

The Startup Magazine

AUGUST 11, 2023

It is necessary to cover the early stages of product development, thorough market research, and other processes during the initial step. Seed capital is a component of the initial investments made in young businesses. During the pre-seed fundraising stage, investors need a viable business plan to base their investments on.

Seed Stage 127

Seed Stage Technical Review Early Stage Due Diligence 127

Startup Professionals Musings

NOVEMBER 6, 2019

There is nothing wrong with a focus on making the current business model work better. It is better to put new products or services into a new or special department, sometimes known as an innovation incubator, to get the focus they require. Decisions made lower down always get more buy-in.

Stock Options 236

Stock Options Incubator Framework Stock 236

Steve Blank

OCTOBER 7, 2011

Ironically one of the things that’s holding back the Finnish cluster is Tekes , the government organization for financing research, development and innovation in Finland. It’s hard enough to pick which existing companies with known business models to aid. And they should give themselves a 5-10 year plan to do so.

Finland 324

Finland Venture Capital Government Russia 324

Startup Professionals Musings

OCTOBER 2, 2023

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. Business commercialization.

Angel Investor 256

Angel Investor Early Stage Incubator Government 256

Startup Professionals Musings

JULY 8, 2015

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Join a startup incubator. Consider licensing your product or intellectual property, and “white labeling.”

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Even if they did, what if the assumption – that we had developed a better approach to teaching entrepreneurship – was simply mistaken?

Lean 298

Lean Business Model Customer Development Guinea 298

Steve Blank

JUNE 26, 2015

Gore , I’ve found two corporate strategy tools developed by other smart people helpful in bridging Lean Startups with Corporate Innovation. However in practice most companies treated the Three Horizons like they are simply incremental execution of the same business model. Horizon 1 activities support existing business models.

Lean 120

Lean Management Business Model Incubator 120

ReadWriteStart

JUNE 1, 2020

Once the order is fulfilled and paid for, the funds can be paid back. ? Research and development. 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. Incubators and Accelerators.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Steve Blank

OCTOBER 10, 2011

Startup incubators, business angels and VCs are starting to emerge. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. They’ve gotten off to a good start with a start around Aalto University with passionate students.

Finland 324

Finland Naming Russia Government 324

Steve Blank

MARCH 11, 2016

To be honest I built the class out of frustration watching schools teach aspiring entrepreneurs that all they need to know is how to write a business plan or how to sit in an incubator building a product. using the business model canvas as the framework. in order to validate/invalidate their business model hypotheses.

Lean 120

Lean Incubator Business Model Channel 120

YoungUpstarts

SEPTEMBER 10, 2018

Acceleration and incubation programs are on the rise and have helped start and scale many successful businesses over the past 10 years. Pitch it to someone with a startup or business related background, but who doesn’t have experience in your industry. Don’t describe a 100% theoretical business model.

Programming 124

Programming Chile B2B B2C 124

Startup Professionals Musings

JANUARY 18, 2021

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. Business commercialization.

Early Stage 412

Early Stage Angel Investor Incubator Government 412

Steve Blank

MAY 18, 2020

We’re holding a series of 5-day online classes at Stanford where teams will learn how to develop new business models for an economy that’s getting back to work and on the road to recovery. The Covid-19 virus has upended traditional ways of doing business, travel, education, entertainment, healthcare, etc.

Lean 436

Lean Business Model Affiliate Incubator 436

Duct Tape Marketing

APRIL 6, 2022

Founders Space was ranked the #1 incubator for overseas startups by Forbes and Entrepreneur Magazines. Steve is also the author of Surviving a Startup: Practical Strategies for Starting a Business, Overcoming Obstacles, and Coming Out on Top. You know, could you look at my business plan? So you are your, your business model.

San Francisco 97

San Francisco Technical Review Incubator Silicon Valley 97

Steve Blank

MARCH 31, 2014

Fifty years later another Harvard professor, Clayton Christensen, developed his theory of disruptive innovation, which actually described how creative destruction worked. Disruptive innovation leads to the creative destruction of businesses that once seemed pre-eminent and secure. We legalized robbing the corporate treasury.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

JULY 13, 2021

Founders of startups (and new ventures inside existing companies) are searching for product/market fit and a repeatable and scalable business model. A decade later, I began to teach the foundations of Lean, first at UC Berkeley (Customer Development) and then at Stanford using cases and business plans. experiential.

Lean 433

Lean Agile Business Model Business Plan 433

ReadWriteStart

JUNE 1, 2012

But all the press also reinforces the feeling that every startup needs to go through an incubator in order to succeed. Not only do we need to come up with a great idea, we have to make sure that it’s something that works for an incubator. There Is Value in Incubators. Incubators: Nice to Have. The Counter-Argument.

Incubator 141

Incubator Atlanta Startup Bootstrapping 141

ReadWriteStart

DECEMBER 15, 2011

We also explored business models that not only can span advertising, subscription, and e-commerce, but also hybrid virtual-physical concepts that could even draw upon a Starbucks of Salsa, Tango or Swing! As you may recall from previous roundtable posts, that 1M/1M works closely with many incubators around the world.

Romania 123

Romania Web Incubator Entrepreneur 123

Startup Professionals Musings

MAY 21, 2023

Find a major customer, or a complimentary business, who sees such value in your idea that they are willing to give you an advance on royalty payments to complete your development. Join a startup incubator or accelerator. Variations on this theme include early licensing or white-labeling agreements.

Equity 266

Equity Startup Small Business Administration SBA 266

Startup Professionals Musings

NOVEMBER 19, 2017

There is nothing wrong with a focus on making the current business model work better. It is better to put new products or services into a new or special department, sometimes known as an innovation incubator, to get the focus they require. Decisions made lower down always get more buy-in.

Stock Options 141

Stock Options Incubator Framework Stock 141

YoungUpstarts

JUNE 18, 2012

And while many companies start with a great idea and loads of confidence, a startup company requires a solid business model and a proper plan in place in the earliest stages of its development for the best chance for success.

Technical Review 174

Technical Review Later Stage Incubator Business Model 174

YoungUpstarts

JUNE 1, 2019

In the go-to-product phase, you can get help from a plethora of incubators, accelerators and angel investors. As you develop your product, you must concurrently invest in market-engineering tasks. MVR is the smallest amount of repeatability a startup can demonstrate, while still proving its business model and market/product fit.

Cleveland 150

Cleveland Framework Marketing Early Stage 150

Hearpreneur

OCTOBER 3, 2021

What I truly appreciate about Mr. Masiyiwa is that he is always striving to be better and he has great incubators for young African entrepreneurs. He is also the most engaged business leader on Facebook in Africa. His companies have since grown to include everything from satellite and fiber optic services. 2- Jeff Bezos.

Entrepreneur 102

Entrepreneur San Francisco Technical Review Cofounder 102

Startup Professionals Musings

AUGUST 29, 2020

Find a major customer, or a complimentary business, who sees such value in your idea that they are willing to give you an advance on royalty payments to complete your development. Join a startup incubator or accelerator. Variations on this theme include early licensing or white-labeling agreements.

Equity 436

Equity Small Business Administration SBA Syndicate 436

Steve Blank

FEBRUARY 25, 2014

Corporations running internal incubators face many of the same selection issues as startup investors, plus they must grapple with the issues of integrating new ideas into existing P&L-driven functions or business units. a language corporate innovation groups can use to communicate to business units and finance. Therapeutics.

Incubator 310

Incubator Intellectual Property Startup Lean 310