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Tesla Lost $700 Million Last Year, So Why Is Tesla’s Valuation $60 Billion?

Steve Blank

They were both transportation, and they looked vaguely similar, with the only apparent difference that one was moved by horses attached to the front while the other had an unreliable and very noisy internal combustion engine. Companies with business models built around internal combustion engines disrupted those built around horses.

Valuation 266
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Why Real Learning is Outside the Building, Not Demo Day

Steve Blank

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. We had a killer team and all the right skillsets.

Lean 315
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Why Startups Must Liberate From Hiring Platforms

YoungUpstarts

For instance, an unscreened software contractor might go Missing in Action or write unusable code. Use freelance platforms to connect with talent, then contract those who fit your business model outside the confines of the intermediary. However, be aware that unscreened contractors pose a much higher risk.

Hiring 113
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The Digital Transformation Is Affordable For SMBs: Where To Start In Your Digital Strategy

YoungUpstarts

The digital revolution is disrupting the traditional business model for small and medium businesses (SMBs). In light of this, software developers are beginning to cater to the digital transformation needs of SMBs. Owners no longer have to buy management software meant for big business.

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Entrepreneurs Turned Angel Investors: A Look At Some Of The Best

YoungUpstarts

Software engineer, entrepreneur and investor Mark Andreessen has a varied technical background that involved developing the world’s first ever web browser, Mosaic, and founding a number of software companies which he later sold for a large profit. Mark Andreessen. Angel Investors Understand the Difficulties Startups Face.

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Massacre at IBM

Steve Blank

Long before there was the Lean Startup, Business Model Canvas or Customer Development there was a guy in Santa Barbara California who had already figured it out. The core team — a cross-functional team who could make all the business and technical decisions within a set envelop ? We’ve asked for off-line setup for years.

San Jose 256
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Crowdsourcing Hope With Online Donation Platform GoFundMe

YoungUpstarts

Founded by interaction designer Brad Damphousse and software engineer Andrew Ballester, GoFundMe was first conceptualized back in 2008 when both were driven by personal tragedies that led to want to use their talents for good. The site lets users manage their campaigns, thank donors and even communicate with supporters.

San Diego 176