Startup Professionals Musings

SEPTEMBER 9, 2015

There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology.

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Forecast Startup Stock Options Technical Review 120

Startup Professionals Musings

FEBRUARY 17, 2018

There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology.

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Forecast Stock Options Technical Review Metrics 161

Up and Running

AUGUST 21, 2018

Lean Planning is a faster and better business plan solution. Lean Planning is a 4-step process that helps you discover a business model that works and manage a company successfully. If you’re a startup. Business model: how you’re going to make money. Your business strategy. Key partners and resources.

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Lean Forecast Software Review Business Plan 134

Duct Tape Marketing

NOVEMBER 2, 2023

The rising importance of predictive AI-driven analytics became clear, hinting at a future where forecasts will shape decisions. I should have gotten on the partner train. At the time when I was joining, I was running a startup of my own and making a living but not going anywhere. So it's a billion dollar business at this point.

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Metrics Analytics Forecast Software Review 75

Up and Running

DECEMBER 6, 2012

Lean Planning is a set of tools for discovering a business model that works, building an action plan to test your assumptions, creating financial models and a plan for a viable business, and tracking your performance so you can adjust your plan on the fly, quickly and easily. Do startups have a manual?

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Lean Silicon Valley Forecast Technical Review 147

Steve Blank

NOVEMBER 16, 2009

However the Customer Development Model and the Lean Startup work equally well for startups on the web. Union Square Ventures The next morning I got to spend time with Brad Burnham , partner at Union Square Ventures talking about their investment strategy and insights about web-based businesses.

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Customer Development Web Developer Customer 219

Hearpreneur

OCTOBER 10, 2023

In the realm of great business ideas, a well-crafted business plan takes center stage. It's your persuasive pitch to potential investors, outlining your startup's objectives and profitability strategy. Thanks to Evan Tunis, Florida Healthcare Insurance ! #2- Thanks Stephanie Venn Watson, Fatty15 ! #9-

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Business Plan Jordan Entrepreneur Florida 127

The Startup Magazine

MARCH 29, 2024

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Start by defining your key resources, activities, and partners. Revenue streams are another critical component of your business model. It outlines how you plan to create, deliver, and capture value.

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Intellectual Property Angel Investor Business Model Bootstrapping 132

Up and Running

APRIL 27, 2020

There’s a great amount of uncertainty, people losing their jobs, and a direct hit on cash flows that can place businesses in dire straights. Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway.

Software Review 113

Software Review Lean Forecast Business Plan 113

Steve Blank

APRIL 8, 2010

I think my startup is going to fail even before I get funded.” He said, “After we graduated we took our great idea, holed up in my apartment and spent months researching and writing a business plan. Why a business plan is different than a business model. Over coffee he said, “I need some cheering up. It’s static.

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Business Model Business Plan Customer Cap Table 328

Up and Running

JUNE 25, 2020

Giving back to your community and being socially responsible is a great way to grow your brand and showcase your business values. You could even look to partner with other businesses with similar nonprofit interests to promote greater change. Treat any new income stream as an expansion of your business.

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Small Business Hosting Social Media Community 180

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Capacity Capital, Greater Colorado Venture Fund, Indie.VC, Reformation Partners, UP Fund, Versatile VC. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

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Cofounder Technical Review Equity Dividend 78

Up and Running

MAY 23, 2016

To give you a better idea of what entrepreneurs in this industry are thinking about during each phase of the startup process, I interviewed SaaS entrepreneurs from all over the world, including our own COO Noah Parsons. The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas.

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Software Review Software Delaware Forecast 74

YoungUpstarts

JANUARY 31, 2017

Every small business should be focused on the future, and that means building innovation into internal processes. To remain competitive against big corporations and an endless stream of internet startups, companies looking for growth must produce new products and services to engage new markets. Innovate for Progress.

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Small Business SMS Bandwidth Cloud 100

The Next Web

AUGUST 19, 2013

His passions are business process automation, surfing, and his new baby girl Maya. ?. Sales are the bloodstream for most businesses, and tech startups are no exception. However, figuring out the way your startup should make money could be challenging, especially for us left­-brained founders.

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Belarus Viral Channel Startup 137

Startup Professionals Musings

JULY 29, 2011

Implement a new business model. Software as a service (SaaS) has now pretty much replaced the old licensing model, but offering it was a strategic risk for SalesForce.com. Partner with a competitor. Good people are expensive, and they are hard to find, which adds risk to your startup, but it’s a strategic risk.

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Founder Forecast Startup Viral 245

Up and Running

MARCH 11, 2015

Fortunately, many of the top VCs share their thoughts on their blogs and are full of advice for startups, both big and small. Eric Ries of The Lean Startup has called Andrew Chen’s blog “one of the best entrepreneurship blogs of all time.” This is the home of Jason Cohen, software startup founder, bootstrapper, investor, and mentor.

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Venture Capital Technical Review Silicon Valley Cofounder 60

Up and Running

NOVEMBER 12, 2018

Defining the problem you’re trying to solve is an important part of your business plan because it’s the first place where you’ll demonstrate that idea is viable—that you can actually make money with your business model and idea. Share of the Market (SOM) : Your SOM is who you will reach in your first few years of business.

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Business Plan Curation Balance Sheet Intellectual Property 63

Transformify

JUNE 6, 2019

How to apply it to your business? Running a technology startup is always a challenge, especially in the early days when the brand is unknown and it is hard to attract top talent. If your startup or small business is still short of written processes, it is time to have at least the basics in place. Where to start?

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Lean Management Technical Review Software Review 56

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. What is the business problem you are solving? How does your business model make money?

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Sweat Equity Advisory Board Liquidity Event Startup 120

Up and Running

AUGUST 28, 2018

You should go into this thinking about your business plan as a living document, not something you do once and then file away forever. Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. First, your business plan laid out the opportunity at hand. Be specific. Operations.

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Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

MAY 1, 2014

Your business plan isn’t complete without a financial forecast. If your business model (i.e., “how If you are raising money to start or grow your business, you need to include the details of what you need in the executive summary. Be sure to provide a review of how the business is owned as well. An S-corp ?

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Business Plan Forecast Balance Sheet Distribution 163

Up and Running

OCTOBER 3, 2018

Whichever type of plan you choose, remember that a business plan is a living document. Set a specific time each month to review it , comparing forecasts to actuals and revising as necessary. Assumptions change based on experience, and your business plan should change along with these assumptions. Be specific.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Steve Blank

MARCH 5, 2012

One of the confusing things to entrepreneurs, investors and educators is the relationship between customer development and business model design and business planning and execution. When does a new venture focus on customer development and business models ? Here’s an attempt to put this all in context.

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Search Business Model Customer Development Agile 320

Startup Professionals Musings

OCTOBER 2, 2012

Implement a new business model. Software as a service (SaaS) has now pretty much replaced the old licensing model, but offering it was a strategic risk for SalesForce.com. Partner with a competitor. Good people are expensive, and they are hard to find, which adds risk to your startup, but it’s a strategic risk.

Forecast 257

Forecast Viral Social Network Business Model 257

Steve Blank

SEPTEMBER 6, 2012

Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. Experienced entrepreneurs kept finding that no business plan survived first contact with customers. He called it the “Lean Startup.”.

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Lean Georgia Michigan Business Model 317

Up and Running

AUGUST 30, 2017

You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What is your business model?

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Business Plan SBA Software Review Advisory Board 93

VC Cafe

AUGUST 23, 2022

In 2021, Creator Economy startups raised $5 billion dollars, As inflation rises, consumers tighten their wallets and reduce discretionary spend. Funding to creator economy startups dropped by 60% – Creator economy startups raised “only” $700 million in Q2 2022, a 60% drop compared to the equivalent period last year.

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Social Media Revenue Video Distribution 217

Up and Running

FEBRUARY 12, 2019

I’ve seen hundreds of startups pitch to angel investors and venture capitalists, and most of them—at best— are just okay. Outline your business model. Your business model tells an investor how your idea will (or does) convert into being economically viable. How much do they pay? And, h ow do they pay you?

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

Up and Running

OCTOBER 30, 2017

This article is part of our “ Business Startup Guide ”—a curated list of our articles that will get you up and running in no time! People often ask us for a list of steps they can use to start their own business. From business type to business model to physical location, there are so many variables!

Venture Capital 166

Venture Capital Business Plan Limited Liability Company Finance 166

Steve Blank

JUNE 18, 2013

Ten years ago I started thinking about why startups are different from existing companies. I wondered if business plans and 5-year forecasts were the right way to plan a startup. So what would a search process for a business model look like? In 2004 I funded IMVU, a startup by Will Harvey and Eric Ries.

Lean 286

Lean Agile Customer Development Business Model 286

The Entrepreneurial Mind

FEBRUARY 14, 2011

After developing their business model and forecasting expenses, many aspiring entrepreneurs are suffering from sticker shock. The thought of investing a large amount of money or going into debt is scaring many away from their startup dreams. But she did not abandon her dream.

Business Model 77

Business Model Bootstrapping Forecast Social Media 77

Startup Professionals Musings

JANUARY 31, 2011

These days, I’m hearing more and more about Location-Based Services (LBS) as the next big opportunity for startups. LBS data can not only give you information to drive the relationship, but you can also use it to identify your sales reps with similar interests and partner them with the prospect. Marty Zwilling.

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B2B Startup Angel Investor Forecast 227

Steve Blank

DECEMBER 7, 2010

I’ve introduced a new class at Stanford to teach engineers, scientists and other professionals how startups really get built. Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.).

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Wiki Lean Management Business Model 311

Gust

SEPTEMBER 23, 2012

Implement a new business model. Software as a service (SaaS) has now pretty much replaced the old licensing model, but offering it was a strategic risk for SalesForce.com. Partner with a competitor. Good people are expensive, and they are hard to find, which adds risk to your startup, but it’s a strategic risk.

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Forecast Viral Social Network Business Model 188

VC Cafe

FEBRUARY 7, 2011

to nearly 5% of the total retail market, with a forecasted continuous increase. Today, eCommerce companies can scale up faster than almost any other consumer business model. This is due in part to the relatively simple and immediate validation of business models that are not fully dependent on advertising.

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eCommerce Open Source SEM Technical Review 94

Steve Blank

JUNE 10, 2010

It turns out that there are four distinct types of entrepreneurial organizations; s mall businesses , scalable startups , large companies and social entrepreneurs. When business was bad they figured out why, adapted and worked harder still. Scalable Startup Entrepreneurship. Scalable Startup Entrepreneurship.

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Silicon Valley Entrepreneur United States New York City 328