Steve Blank

SEPTEMBER 14, 2009

On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.) What this meant for entrepreneurs and VC’s was simple, profound and unappreciated today: VC’s worked with entrepreneurs to build profitable and scalable businesses.

Silicon Valley 223

Silicon Valley IPO Technical Review Venture Capital 223

Startup Professionals Musings

OCTOBER 17, 2022

VCs tend to carry their partners much longer, in hopes of a big public offering (IPO) that could produce a windfall. It’s the right way to get money without giving up too much equity or control of your business. Super angels sometimes drive up valuations. Marty Zwilling.

Angel Investor 342

Angel Investor Venture Capital Silicon Valley Portfolio 342

Startup Lessons Learned

JULY 15, 2010

Lessons Learned by Eric Ries Thursday, July 15, 2010 Some IPO speculation Inspired by Steve Blank’s post today about the “lost decade&# of IPO’s , I’d like to make some predictions. The fact that IPO’s are disappearing makes intuitive sense to me. Let me be clear: Steve is the historian.

IPO 166

IPO San Francisco Lean Silicon Valley 166

The Next Web

SEPTEMBER 12, 2013

When he founded Netflix as a DVD rental service in 1997, Hastings had already led one company, Pure Software, from its birth to an IPO. It was just such a joy to develop things. Then in 1991 I came up with a product for developers that turned out to be important enough to build a company around. You’ve IPOed two companies.

Swaziland 137

Swaziland Entrepreneur IPO Netherlands 137

Start Up Blog

MAY 13, 2019

Last Friday night, I did a TV interview on ABC regarding Uber’s long awaited IPO. An IPO is when a company first becomes a publicly traded stock that anyone can buy and hold. Amazon IPO 1997 – 2 years after it was founded. Google IPO 2004 – 5 years after it was founded.

IPO 48

IPO Valuation Stock Cost 48

Steve Blank

MARCH 16, 2016

But startups require money upfront for product development and later to scale. This happens when you either sell your company ( M&A ) or go public (an IPO.) If you’re using the business model canvas , you’ve already figured this out when you articulated your revenue streams and noted where they are coming from.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

Both Sides of the Table

FEBRUARY 6, 2019

Others believe that new business models are emerging that could replace venture capital all together. Companies are raising billions of dollars in the private markets and the valuations are enormous PRIOR to the IPO. We’re in a new tech bubble!” some have pronounced. Valuations are out of control” is the mantra of others.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

NZ Entrepreneur

SEPTEMBER 29, 2021

experiments to build a product, find customers, test business models and hire amazing people. Creating this value is anchored in finding a repeatable, scalable business model. pivot the business. Generating liquidity usually entails either selling the venture or an IPO. Risk and reward. change the CEO.

Technical Review 88

Technical Review Software Review New Zealand Due Diligence 88

Both Sides of the Table

JUNE 22, 2011

And this is happening in mezzanine (pre-IPO) deals as well. And post IPO deals, although these tend to correct more quickly. If everybody is over-paying for early-to-mid stage deals you’d imagine that these all need to feed into a frenzied M&A and IPO market that will garner big returns for these risks investors are taking.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Startup Professionals Musings

JANUARY 19, 2020

VCs tend to carry their partners much longer, in hopes of a big public offering (IPO) that could produce a windfall. It’s the right way to get money without giving up too much equity or control of your business. Super angels sometimes drive up valuations. Marty Zwilling.

Angel Investor 314

Angel Investor Venture Capital Silicon Valley Startup 314

Growthink Blog

DECEMBER 27, 2017

Company Analysis Goal of the company analysis section: Educate the investor about your company’s history and explain why your team is perfect to execute on the business opportunity. Provide the background on the company, including date of formation, office location, legal structure, and stage of development. Give some history.

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129

Steve Blank

JUNE 4, 2012

As the morning fog burns off the California coast, I am working with Steve Blank, preparing for the Lean LaunchPad Faculty Development Program we are running this August at U.C. Alex, vice provost for Innovation & Economic Development at Weber State University in Utah and completing his first year of teaching entrepreneurship.

Silicon Valley 307

Silicon Valley Lean Utah Customer Development 307

NZ Entrepreneur

NOVEMBER 14, 2019

One of the main (and early) steps is to make a considered decision about what IP means to your business and what IP tools will be used to support your business model. Not doing so can cause big problems later for your business. The IPO did not proceed. Make IP decisions and do so early. The shotgun approach.

Intellectual Property 45

Intellectual Property IP Software Review New Zealand 45

thebarefootvc

JANUARY 27, 2014

Lower interest rates in developed markets and volatility in emerging markets have also made private company investment a more attractive option. The growth of mobile phones and broadband connectivity means that very few businesses today are untouched by technology. Technology ubiquity. Which leads to….

Technical Review 63

Technical Review Valuation Venture Capital Investment Bankers 63

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. The Business Plan (Concept- Alpha-Beta - FCS ) became the playbook for startups. The IPO offering document became the playbook for startups.

Internet 334

Internet IPO Silicon Valley Agile 334

Steve Blank

AUGUST 20, 2013

Business Model Issues. Because device IPOs are rare, and M&A is much tougher, liquidity for investors is hard to find. Business Model Issues. Yet healthcare has its own unique regulatory and reimbursement issues and business model issues that must be understood. Venture Capital Issues.

Startup 296

Startup Venture Capital Lean IPO 296

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

Pascal's View

SEPTEMBER 7, 2009

The cover story of the September 7 issue of Business Week reports on the “ Radical Future of R&D “, focusing on the internationalization of research and development led by global corporations such as IBM and Hewlett Packard. business model is broken. The pipeline is dry because the U.S. More on this below.

IPO 38

IPO Venture Capital America Marketing 38

Austin Startup

MAY 10, 2021

three companies he previously worked for had successful exits including two acquisitions and one IPO. Georgoff’s has extensive experience and expertise with developing and launching software as a service (SaaS) products and scaling a variety of business models. We’re thrilled to welcome Mike to our team.

Hiring 104

Hiring Product United States Startup 104

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Most of the startups they invested in either died by running out of money before they found a scalable business model or ended up in the “land of the living dead” by never growing (failing to Pivot.).

Venture Capital 299

Venture Capital IPO Liquidity Event Entrepreneur 299

View from Seed

MARCH 3, 2015

Ellie Mirman was the first marketer hired by the CMO of HubSpot, the Boston-based marketing software startup that IPOed in 2014. NextView Ventures: Thinking back to before anyone knew HubSpot or the company was headed towards an IPO, where did you even start to market the company?

Marketing 120

Marketing Sales Cycle Startup CTO Hire 120

Steve Blank

JULY 25, 2011

This all changed in 1980 with the Genentech IPO. In 1980 Genentech became the first IPO of a venture funded biotech company. Large companies execute known business models. In 1973, two scientists, Stanley Cohen at Stanford and Herbert Boyer at UCSF, discovered recombinant DNA, and Boyer went on to found Genentech.

Engineer 307

Engineer Silicon Valley United States Venture Capital 307

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). which they co-developed with Fenwick & West. . Typical business stage. An already proven business model and its already valuable assets. Typical business model. Volatile, uncapped.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Reid Hoffman

MARCH 19, 2019

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. Amazon saw that the internet would change retail.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Startup Lessons Learned

SEPTEMBER 15, 2008

But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste. I am heavily indebted to earlier theorists, and highly recommend the books Lean Thinking and Lean Software Development. Labels: customer development , lean startup 8comments: Amy said.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Startup Professionals Musings

DECEMBER 27, 2014

VCs tend to carry their partners much longer, in hopes of a big public offering (IPO) that could produce a windfall. It’s the right way to get money without giving up too much equity or control of your business. Super Angels sometimes drive up valuations. Marty Zwilling First published on Entrepreneur.com on 12/19/2014.

Angel Investor 260

Angel Investor Silicon Valley Startup Portfolio 260

Steve Blank

AUGUST 5, 2010

I think you can blame Customer and Agile Development for a small part of it. Fairchild Semiconductor became the progenitor of a flood of Silicon Valley chip companies and at the same time the adoption of the limited partnership as the model for Venture Firms gave VC’s their own profitable business model. Here’s why.

Lean 260

Lean Internet Silicon Valley Venture Capital 260

Startup Professionals Musings

OCTOBER 5, 2015

Seed-stage, meanwhil e, is technically that critical period when you need funding to do solution- and business-model development, to prove that your new product or service works, before you try to sell it to customers. Many municipalities offer these to facilitate local new business development.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

Up and Running

JULY 10, 2019

Meanwhile, Soulcycle, the spinning obsession of every trendy New Yorker, filed for IPO in 2018 only to withdraw at the last minute. Developing a buyer or user persona is a good way to think it through. For any fitness business, be it big box or boutique, the best way to succeed in the long term is through referrals and retention.

Retention 70

Retention Social Media Software Review Acquisition 70

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

.” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. invested, IPO’ed in 2000 for $32/share — stock price now $2. from an IPO under a year ago of $10.

IPO 240

IPO Flash Bootstrapping Private Equity 240

YoungUpstarts

MARCH 30, 2017

Mycoskie founded TOMS the same year and established a “buy one, give one” model. For every pair of shoes sold, TOMS would provide a new pair of shoes to children in Argentina and other developing countries. This mission should be considered when developing a business plan, planning to raise capital and implementing a strategy.

Global 100

Global Argentina Elevator Pitch Business Model 100

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. In the 20th century tech companies and their investors made money through an Initial Public Offering (IPO). Board Control.

Founder 252

Founder Technical Review CTO Hire IPO 252

YoungUpstarts

NOVEMBER 13, 2012

Not surprisingly, they developed a loyal following and grew rapidly. Google reportedly turned down buyout offers from Microsoft shortly before the 2004 IPO. Google’s value has grown from $23 billion at the time of the IPO to over $200 billion today. Questionable business model. Highly profitable.

IPO 162

IPO Exit Strategy San Francisco Startup 162

Up and Running

JUNE 16, 2014

According to business development consultant, Wyn Lydecker , both investors and venture capitalists are looking to invest in businesses and industries that they can understand. Make no mistake, you will need to have a business model or a business plan that shows just where you sit in relation to your competitors.

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

Startup Lessons Learned

SEPTEMBER 30, 2008

When Ive asked mentors of mine who have worked in big companies about the role of the CTO, they usually talk about the importance of being the external face of the companys technology platform; an evangelist to developers, customers, and employees. Labels: product development 15comments: mukund said. What made them exceptional?

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

Startup Professionals Musings

FEBRUARY 13, 2016

Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. How does your business model make money? How much and when do you foresee investors getting a payout?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Scalable Startup

DECEMBER 15, 2011

Here are the justifications and logic process for so many claiming they have a startup before they really do, and in many cases actually getting some funding: people feel like they might as well start their own business since nobody is hiring. the barriers are now very low for actually forming a business, as is the cost. millionaires.

Angel Investor 24

Angel Investor Startup IPO Software Developers 24