Up and Running

AUGUST 28, 2018

Financial summary: Explain your business model, startup costs, revenues, and liabilities to the company. Now is the time to lay out what you’ll do to attract patients and set up a viable business model with healthy financials. Your funding ask and exit strategy, if applicable. Be specific. Financial plan.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Startup Professionals Musings

NOVEMBER 4, 2011

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress angel investors.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Steve Blank

NOVEMBER 18, 2016

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. Early entrants get sold to corporate acquirers at inflated prices for their teams, their technology, and their tools. . Producers of the technology shake out or fail.

Artificial Inteligence 318

Artificial Inteligence Lean Exit Strategy Startup 318

Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business. Solution development and delivery.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

Startup Professionals Musings

SEPTEMBER 23, 2010

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress angel investors.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Women Entrepreneurs Can

JUNE 3, 2021

Having shared values & vision also means you have thought about an exit strategy for your business. New businesses are meant to take risks and often things don’t pan out. Many businesses go through tough times including now iconic names such as SpaceX. ” (Source: Harvard Business Review ).

Partner 52

Partner Technical Review Cofounder Georgia 52

Reid Hoffman

JULY 23, 2020

This week, I’d like to turn to the question of how current market conditions affect the approach entrepreneurs should take towards their exit strategy. It could be a user base, a dataset, a unique technology, or some combination of the above factors. Those traditional investors ask, “What’s your business model?”

IPO 36

IPO Exit Strategy Acquisition Technical Review 36

Up and Running

JUNE 16, 2014

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. This is where the ‘exit strategy’ comes in. An exit strategy is not your plan for when the business fails, but rather, your strategy for returning money to investors.

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. Large companies were acquiring technology startups just to get in the game at the same absurd prices.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Startup Professionals Musings

AUGUST 27, 2012

Solution product & technology. Describe your technology patents and “secret sauce”. Business model. Exit strategy. What is the planned exit strategy (IPO, merger, sale, including likely candidates)? What is the timeframe for the exit? Opportunity sizing.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Steve Blank

NOVEMBER 18, 2016

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. Early entrants get sold to corporate acquirers at inflated prices for their teams, their technology, and their tools. . Producers of the technology shake out or fail.

Artificial Inteligence 120

Artificial Inteligence Lean Exit Strategy Startup 120

Startup Professionals Musings

JULY 27, 2018

I’m a technologist, so I always love to learn about the product, but every investor needs to make sure you have a business, as well as a product. Unfortunately, customers look for value in solving their problem, and new technologies alone scare them, so these solutions don’t get bought by customers, or funded.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Up and Running

MAY 4, 2015

Describe your revenue model. State your exit strategy. You could include a brief product demo that shows off your technology, or more details about your smart and efficient business model that you might not otherwise have had time for. Explain your plan for customer acquisition. Outline your competition.

Technical Review 60

Technical Review Entrepreneur Software Review Houston 60

Gust

AUGUST 30, 2012

Team, Business Model, Traction, Customer Acquisition, Scalability, Defensibiity, Capital Efficiency, Churn, Time to Breakeven, Exit Strategy. Size, Growth, Concentration, Geography, Demographics, Competition, Channels, Regulatory Environment, Technological Developments, Adjacent Markets, Characteristics of the Deal.

Founder Vesting 144

Founder Vesting Option Pool Exit Strategy Vesting 144

Up and Running

JULY 2, 2014

Picking the right attorney in your startup is as important as picking the right business partner. You can’t underestimate the importance of selecting an attorney who “gets” your business model, your market opportunity, and most importantly, your fundraising and exit strategy. Our attorney should have known.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Up and Running

MAY 17, 2017

Even if you aren’t planning to sell, building your business thoughtfully and with an eye toward making it highly acquirable is an effective way to build a healthy business. Plus, you’ll always be prepared in case an opportunity or desire to sell arises in the future—it’s a smart idea to have an exit strategy.

Acquisition 92

Acquisition Technical Review Revenue Exit Strategy 92

Startup Professionals Musings

JUNE 10, 2011

Solution product & technology. Describe your technology patents and “secret sauce”. Business model. Exit strategy. What is the planned exit strategy (IPO, merger, sale, including likely candidates)? What is the timeframe for the exit? Opportunity sizing.

Elevator Pitch 234

Elevator Pitch Exit Strategy Burn Rate Merger 234

Startup Professionals Musings

AUGUST 13, 2012

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

AUGUST 7, 2015

Investors are business experts, while the entrepreneur is more likely the product expert. In every case, the relevant pitch needs to start by highlighting a real customer problem, then outlining a new solution, with all the features and disruptive technology. How the solution and business model work to fund the business.

Product 120

Product Intellectual Property Liquidity Event Burn Rate 120

Startup Professionals Musings

AUGUST 8, 2016

Every entrepreneur needs a good “elevator pitch” which succinctly describes the idea, the customer value proposition, and business profit. Customers and investors are looking for specific solutions, not abstract ideas or complex technology concepts not yet materialized. Validate your business model on real customers.

Intellectual Property 120

Intellectual Property Entrepreneur Elevator Pitch Exit Strategy 120

Startup Professionals Musings

MAY 19, 2010

Solution product & technology. Describe your technology patents and “secret sauce”. Business model. Exit strategy. What is the planned exit strategy (IPO, merger, sale, including likely candidates)? What is the timeframe for the exit? Opportunity sizing.

Elevator Pitch 235

Elevator Pitch Exit Strategy Burn Rate Merger 235

Startup Professionals Musings

MAY 28, 2016

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business. Solution development and delivery.

Exit Strategy 155

Exit Strategy Metrics Operations Cost 155

Startup Professionals Musings

MAY 13, 2011

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

FEBRUARY 13, 2016

As a startup advisor and investor, I recommend a pitch deck with about 10 slides backed up with a written business plan of approximately 20 pages, both containing quantified answers to the following key questions. What is the business problem you are solving? How does your business model make money?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Gust

AUGUST 19, 2012

Solution product & technology. Describe your technology patents and “secret sauce”. Business model. Exit strategy. What is the planned exit strategy (IPO, merger, sale, including likely candidates)? What is the timeframe for the exit? Opportunity sizing.

Elevator Pitch 146

Elevator Pitch Exit Strategy Burn Rate Merger 146

Startup Professionals Musings

FEBRUARY 16, 2015

That means you need to lead with your credentials, rather than your disruptive technology. Make sure these cover your business model and exit strategy, so the angels see how both of you will make a reasonable return. Above all, remember that angels are really business people, just like you and me.

Angel Investor 120

Angel Investor Accredited Investor Venture Capital Startup 120

David Teten

DECEMBER 3, 2019

When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. But in business, you want a lot of partners. I’d argue that the same type of technologies that have revolutionized dating can revolutionize our industry. . When I was single, I registered for (a lot of) dating websites.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

DECEMBER 24, 2012

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress Angel investors.

Angel Investor 260

Angel Investor Intellectual Property Elevator Pitch Angel Groups 260

Startup Professionals Musings

JUNE 26, 2020

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. Description of the business entity you plan to form.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

APRIL 22, 2010

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it requires at least 100M users and $50M investment. Exit strategy.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Startup Professionals Musings

MAY 24, 2015

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Solo entrepreneurs, with a team of helpers, will be assumed to be a hobby rather than a business. Solution development and delivery.

Exit Strategy 120

Exit Strategy Metrics Operations Cost 120

Gust

AUGUST 5, 2012

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” Explain the business model. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Gust

DECEMBER 16, 2012

It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Finalize your financial model. Like the business plan, a financial model is required as much for your own use as to impress Angel investors.

Angel Investor 179

Angel Investor Intellectual Property Elevator Pitch Angel Groups 179

www.inc.com

SEPTEMBER 24, 2011

Technology | Thursdays. Small Business Success | Mondays and Thursdays. The Goods: Your Business Toolbox | Thursdays. Financing A Small Business. Business Taxes. Selling A Business. Exit Strategies. Strategy and Planning. TECHNOLOGY. Internet and Online Business.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Startup Professionals Musings

JUNE 2, 2013

Within the venture community, the first rule to remember is that opportunities abound these days, due to the increasing pace of technology evolution, and the scope and creativity of the global community. Exit strategy. Shooting for that sort of exit over a three to five year period is usually the best strategy.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Up and Running

MAY 15, 2018

Innovative products and business models are the foundations of a promising startup. Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy to get a foothold in the market. Creating a scalable business model.

SBA 84

SBA Angel Investor Technical Review Startup 84

Startup Professionals Musings

SEPTEMBER 28, 2015

Too many entrepreneurs look for that one magic bullet -- an exciting new technology, perhaps, or their own determination to make the world a better place -- to override any shortcomings in their startup model. Yet, magic bullets are not sufficient to assure business success. Sustainable competitive advantage.

Exit Strategy 120

Exit Strategy Technical Review Distribution Viral 120