Steve Blank

NOVEMBER 13, 2012

By then, I had become a venture capitalist at Mitsui Sumitomo Insurance and found myself talking to a lot of entrepreneurs who were proclaiming their great technology yet were struggling with little revenue, and claiming they were “crossing the chasm”. Maysee now enjoys hockey stick revenue growth.

Japan 292

Japan Customer Development Developer Customer 292

ReadWriteStart

JUNE 16, 2011

You can read more about Freshdesk on the 1M/1M Incubation Radar today. The company already has paying customers and a validated business model. You can also read more about Bizosys on the 1M/1M Incubation Radar today. And you can sign up for the 1M/1M premium program here. Thursday, July 28, 2011: Register Here.

India 123

India Bootstrapping Non-Compete Entrepreneur 123

ReadWriteStart

MAY 19, 2011

During today's roundtable, we opened the session with a discussion of the existential crisis in media and how talented bloggers and journalists are facing a tough time sustaining themselves due to lack of business models. One of them is the 1M/1M Affiliate Program we announced today at the roundtable.

India 115

India Silicon Valley Entrepreneur Affiliate 115

Steve Blank

MARCH 31, 2014

Companies horde cash and squeeze the most revenue and margin from the money they use. The first will be commodity businesses that are valued for their ability to execute their current business model. The second class will be firms with a demonstrated ability to continually innovate and reinvent their business models.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

ReadWriteStart

SEPTEMBER 16, 2011

Siddhesh has already validated his business and is catering to home buyers, sellers, and brokers, generating revenues from advertising and sponsorships as well as brokerage revenue sharing. As I keep reiterating, 99% of the businesses that go out for financing get rejected. He wants to penetrate the Indian market.

Brazil 115

Brazil India Entrepreneur 115

ReadWriteStart

JULY 28, 2011

This week, I've had several meetings with venture funds, incubators, corporate accelerators and other significant players in the startup eco-system. The same applies to Malaysia, where our partner, the MAD Incubator, is in search of 10 good deals to put through the 1M/1M program. Thursday, August 25, Register Here.

Incubator 128

Incubator Silicon Valley Malaysia Entrepreneur 128

Steve Blank

NOVEMBER 25, 2013

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. We now have the tools, technology and data to take incubators and accelerators to the next level. We think we can do better.

Oakland 326

Oakland Incubator Lean Metrics 326

ReadWriteStart

SEPTEMBER 23, 2010

First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. Her upcoming campaign of reaching out to 100,000 moms will be one of the first concerted efforts to actually test her business model. GrillGrate. She wants to sell these products on her site.

India 114

India Silicon Valley Incubator Bootstrapping 114

David Teten

NOVEMBER 23, 2020

In that capacity, I co-founded the Harvard Business School Alumni Angels Venture Capital Access Program, a joint venture with the National Association of Investment Companies (“NAIC”), which helps women and diverse entrepreneurs raise capital. Does your business touch potential voters? Why is that?

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60

ReadWriteStart

APRIL 14, 2011

While the basic premise is compelling, and I am very interested in entrepreneurship opportunities in this area, the business model is flawed. The 1M/1M premium program offers entrepreneurs access to on-demand educational, business development and incubation resources and strategy discussions with me for $1,000 per year.

India 126

India Technical Review Entrepreneur Silicon Valley 126

Steve Blank

JANUARY 22, 2013

My co-author and business Partner Bob Dorf spends much of his time traveling the world teaching countries and companies how to run the Lean LaunchPad program. The program is funded by the Colombian government and modeled after the NSF Innovation-Corps program created and built by my partner and co-author Steve Blank.

Colombia 321

Colombia Lean Silicon Valley Coder 321

ReadWriteStart

SEPTEMBER 10, 2010

They already have several customers including some telcos, and are at about $350,000 in revenues. And EVEN if you ARE an experienced entrepreneur, all but just a few VCs still want to see customer validation, business model validation and traction, before they will invest. Because customer financing equals revenue, not equity.

Cloud 115

Cloud Silicon Valley Incubator Finance 115

Steve Blank

JANUARY 4, 2011

I spent two weeks of December in Chile as a guest of Professor Cristóbal García, Director of EmprendeUC at the Catholic University of Chile , which just signed up a 3-year collaboration partnership with Stanford’s Technology Ventures Program. Yet the copper companies import nearly 100% of the advanced technology they use.

Silicon Valley 335

Silicon Valley Chile South America Venture Capital 335

ReadWriteStart

MARCH 24, 2011

Our co-host for the program was TiE Midwest, based in Chicago. Additional work in figuring out the precise go-to-market consumer, academic institution, or enterprise - each is a different business), and consequent business model and pricing model will help enhance the company's valuation.

Illinois 114

Illinois Entrepreneur Silicon Valley Chicago 114

ReadWriteStart

OCTOBER 13, 2011

It is much better to grow organically with revenue. Please remember, free is not a business model. a healthcare IT business for managing compliance requirements for pharmaceutical and medical device companies, recording transactions that involve payments to physicians. Cortese Design Bags. The Free Rider Problem.

Business Model 122

Business Model New Hampshire Dallas Entrepreneur 122

Steve Blank

JANUARY 22, 2013

My co-author and business Partner Bob Dorf spends much of his time traveling the world teaching countries and companies how to run the Lean LaunchPad program. The program is funded by the Colombian government and modeled after the NSF Innovation-Corps program created and built by my partner and co-author Steve Blank.

Colombia 271

Colombia Lean Silicon Valley Coder 271

ReadWriteStart

JUNE 2, 2011

During today's roundtable, we worked with two entrepreneurs and also had a segment on our yearlong engagement with incubators around the world. The 1M/1M team has invested significant resources to engage with and understand the challenges of the Incubator industry around the globe. You can register for upcoming roundtables here.

Incubator 114

Incubator San Jose Silicon Valley India 114

Steve Blank

NOVEMBER 18, 2016

While these acquisitions have teams of great researchers, they rarely contribute actual revenue generating products (because most never reached that stage when they were acquired.) Each of our teams in this class followed the canonical Lean model: Articulate your hypotheses using the business model canvas.

Artificial Inteligence 318

Artificial Inteligence Lean Exit Strategy Startup 318

ReadWriteStart

SEPTEMBER 16, 2010

Today, the telecom industry charges customers based on fixed price business models for data services. These roundtables are the cornerstone programming of a global initiative that I have started called One Million by One Million ( 1M/1M ). All three of today's roundtable companies will soon be featured on Incubation Radar.

Cloud 117

Cloud Fractional CTO Entrepreneur Bandwidth 117

Steve Blank

NOVEMBER 7, 2013

What we didn’t envision was that one creative corporate VP would take that post and build a world-class corporate innovation program around it. What CEOs, management teams and shareholders care about is growth —revenue growth, greater user adoption, increased market share, bigger margins, etc. in developing these new models.

Lean 326

Lean Nepal Cofounder Customer Development 326

ReadWriteStart

APRIL 1, 2011

As for business model, Jigar wants to sell services like refilling cards. Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond.

India 119

India Guerilla Entrepreneur New Zealand 119

ReadWriteStart

JANUARY 27, 2011

This partnership speaks to a core philosophy of the program where we encourage entrepreneurs to get as much customer validation as possible before raising too much money, use other people's channels if you can get to them, don't burn too much cash, and all that good fiscal conservative stuff. The business is already profitable with $2.9

Dilution 114

Dilution Revenue Finance Entrepreneur 114

Startup Professionals Musings

OCTOBER 5, 2015

Asking for early-stage money before you have customers and revenue will likely kill your credibility with real investors. 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.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

Steve Blank

SEPTEMBER 19, 2017

14 different innovation teams were going through a 3-month I-Corps/Lean LaunchPad program to validate product/market fit. His organization had a corporate incubator for disruptive ( horizon 3 ) experiments and provided innovation support for his company’s operating divisions for process and business model innovations ( Horizon 1 and 2.)

Finance 226

Finance Lean Metrics Programming 226

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. Berkeley and NCIIA , Jerry Engel and I first offered the Lean LaunchPad Educators Class.

Delaware 297

Delaware Lean Entrepreneur Advisory Board 297

VC Cafe

DECEMBER 28, 2010

The G/SCORE measures the key milestones a company has achieved in business building along seven factors: overall concept, market opportunity, competitive risk, product development, business development, team, and business model. From 1999 to 2009, Teva’s revenue grew to about $14 billion from $1.3 billion in 2010.

Technical Review 87

Technical Review South Korea Mexico 87

Steve Blank

AUGUST 20, 2013

Business Model Issues. on medical device revenues, regardless of profitability delays or cash-flow breakeven. Business Model Issues. Yet healthcare has its own unique regulatory and reimbursement issues and business model issues that must be understood.

Startup 294

Startup Venture Capital Lean IPO 294

Up and Running

JULY 14, 2015

Peter and Jonathan discuss startup incubators, and our guest Caroline talks to us about the “F” word and 10 reasons why startups fail. Startup Incubators – (2:13). Read also: Q&A with Business Incubator Co-founder Joe Maruschak. Learn more about Techstars , a startup accelerator program.

Incubator 60

Incubator Email Startup Oregon 60

ReadWriteStart

FEBRUARY 3, 2011

I detected a major flaw in Kiran's business model assumption. Kiran is trying to bring transparency to the industry that currently has some awkward behavior like admission in exchange for donations! You can register for the next roundtable here.

Entrepreneur 118

Entrepreneur India Technical Review Los Angeles 118

Startup Lessons Learned

SEPTEMBER 15, 2008

I also owe a great debt to Kent Beck, whose Extreme Programming Explained: Embrace Change was my first introduction to this kind of thinking. (So Paring down products, target customers, business models etc takes courage, but it must be done to have any chance of success. for Harvard Business Revie.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Steve Blank

MARCH 17, 2015

I listened as Roberto listed the obstacles to the new innovation program at Sprocket, “We’ve created innovation teams in both the business units and in corporate. Our CEO is behind the program. Roberto’s innovation teams are temporary organizations designed to search for a repeatable and scalable business model.

Lean 120

Lean Metrics Business Model Distribution 120

Steve Blank

NOVEMBER 18, 2016

While these acquisitions have teams of great researchers, they rarely contribute actual revenue generating products (because most never reached that stage when they were acquired.) Each of our teams in this class followed the canonical Lean model: Articulate your hypotheses using the business model canvas.

Artificial Inteligence 120

Artificial Inteligence Lean Exit Strategy Startup 120

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. Berkeley and NCIIA , Jerry Engel and I first offered the Lean LaunchPad Educators Class.

Delaware 189

Delaware Lean Entrepreneur Advisory Board 189

ReadWriteStart

AUGUST 11, 2011

During this week's roundtable, we started off by discussing the pre-incubation procedure we are recommending with audience members from different parts of the world. This week, I've had several meetings with venture funds, incubators, corporate accelerators and other significant players in the startup eco-system.

Silicon Valley 105

Silicon Valley Columbus Ohio Incubator 105

Both Sides of the Table

JUNE 29, 2011

With new micro VC entrants into to early-stage investing plus increased competition from angels, incubators and the like – traditional VCs have taken notice. If they hit a product / market fit (meaning you suddenly see a massive uptick in usage and/or revenue) then these companies need to go “fat.&#

Venture Capital 296

Venture Capital Software LP Early Stage 296

Steve Blank

FEBRUARY 12, 2015

We’re at 70 people, and we’ll do $40 million in revenue this year and should get to cash flow breakeven this quarter. ” In this first step, the goal of a startup is to search for a repeatable and scalable business model. It sounded like he was living the dream. I was trying to figure out why we were meeting.

Startup 120

Startup Lean Venture Capital Advisory Board 120

ReadWriteStart

MAY 26, 2011

make so little use of the affiliate business model for monetization purposes? Please use the comments below to give your thoughts and analyses on why you think Twitter is not using the affiliate business model to monetize its immense traffic. And you can sign up for the 1M/1M premium program here. Don't miss it!

Affiliate 117

Affiliate India Nevada Silicon Valley 117