Steve Blank

JANUARY 30, 2013

2) We should have had buy-in about the value of disruptive new business models, design and open innovation thinking. We were prematurely pushing some of the teams in the business units. However, they need to match a top-level (board, CEO, exec staff) agreement on strategy and structure. Lessons Learned.

Programming 265

Programming Technical Review Incubator Intellectual Property 265

Startup Professionals Musings

FEBRUARY 4, 2012

For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. If results don’t match what they have been told, all bets are off. This is the dreaded “due diligence” process.

Technical Review 237

Technical Review Due Diligence Intellectual Property Private Equity 237

Startup Professionals Musings

OCTOBER 19, 2015

Outside investors are most interested in scaling a proven business model, not research and development. Business people know how to downplay the technology and market the value of the solution. In today’s world of information overload, everyone relies on marketing and social media to find solutions to match their needs.

Technical Review 120

Technical Review Intellectual Property Cofounder Bootstrapping 120

Startup Professionals Musings

APRIL 3, 2016

Even non-profits need a profitable business model to offset staff and operating costs. Assume passion level defines business opportunity. There is no substitute for market research to confirm that your passion matches a real need in the market. Not every great idea is a viable business.

Intellectual Property 120

Intellectual Property Startup Angel Investor Viral 120

Startup Professionals Musings

JUNE 26, 2015

Focus on a specific market segment to match your solution. Patents or other intellectual property are a real competitive advantage for a startup, but first to market and working harder are not sustainable. Clearly define your business model. Your passion is necessary but not sufficient to prove a market.

Intellectual Property 120

Intellectual Property Elevator Pitch Angel Investor Technical Review 120

Startup Professionals Musings

OCTOBER 22, 2010

For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. If results don’t match what they have been told, all bets are off. This is the dreaded “due diligence” process.

Technical Review 225

Technical Review Due Diligence Intellectual Property Private Equity 225

Startup Professionals Musings

APRIL 1, 2015

Even non-profits need a profitable business model to offset staff and operating costs. Assume passion level defines business opportunity. There is no substitute for market research to confirm that your passion matches a real need in the market. Not every great idea is a viable business.

Intellectual Property 120

Intellectual Property Angel Investor Viral Distribution 120

Steve Blank

MARCH 31, 2014

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. These innovations do not require change in a company’s existing business model.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Startup Professionals Musings

MAY 11, 2015

According to most definitions, anyone who starts a business is an entrepreneur , but most people don’t realize there are many startup types out there, and picking the wrong one can be just as disastrous as being stuck in a cubicle at work, or doing things with no interest and no skills. Aspire to be in control of your own domain.

Matching 120

Matching Intellectual Property Startup Business Model 120

Gust

NOVEMBER 14, 2011

For no good reason, this process seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. If results don’t match what they have been told, all bets are off. This is the dreaded “due diligence” process.

Technical Review 152

Technical Review Due Diligence Intellectual Property Private Equity 152

Startup Professionals Musings

AUGUST 13, 2016

At this point, most Angel investors and a few early-stage VCs will be happy to talk, assuming you have the business model validated, and a large opportunity. Prior to the growth stage, your company valuation is limited to goodwill based on intellectual property and team experience, since you have no revenue.

Matching 120

Matching Angel Investor Intellectual Property Investment Bankers 120

Steve Blank

MARCH 18, 2014

As in the first part of this series, I’m in good company – I’m joined in Founders School by Noam Wasserman of Harvard teaching Founder’s Dilemmas , Craig Wortmann University of Chicago covering Entrepreneurial Selling , Peter McDermott helping understand Intellectual Property , and Nathan Gold offering how to give Powerful Presentations.

Intellectual Property 328

Intellectual Property Lean Customer Development Acquisition 328

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. We were on a roll.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Startup Professionals Musings

APRIL 25, 2016

On the other hand, if you are a new entrepreneur, a well-written and complete business plan demonstrates that you understand the issues and have a real plan for execution. Team not a good match for the challenge. Other social ventures may make good family businesses, but scaling and profitability are limited.

Intellectual Property 120

Intellectual Property Accredited Investor Angel Investor Reputation 120

Steve Blank

MARCH 25, 2011

Week 3 of the class and our teams in our Stanford Lean LaunchPad class were hard at work using Customer Development to get out of the classroom and test the first key hypotheses of their business model: The Value Proposition. Is a buying guide/matching service a superior value proposition to marketplace? The Nine Teams Present.

Cloud 228

Cloud Intellectual Property Lean Customer Development 228

Transformify

JULY 23, 2018

Powerful matching algorithms are used to allocate the projects and ensure a stringent and high-quality evaluation process. Business valuation or investor background is among the expert evaluator’s selection criteria. Does your idea and business model have the potential to scale internationally?

Intellectual Property 66

Intellectual Property Angel Investor Dilution Startup 66

Steve Blank

MARCH 31, 2015

Instead of matching the U.S.S.R. When I first started teaching customer development (searching, validating and executing a business model), one of my students pointed out that customer development was similar to the theory of a military strategist, John Boyd. In response the U.S. tank for tank or solider to solider, the U.S.

Silicon Valley 120

Silicon Valley Afghanistan Iraq Kuwait 120

Startup Professionals Musings

JUNE 2, 2013

Here are the top five, as outlined by Rice in his book, which match my own experience: Management team. The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Up and Running

MAY 1, 2014

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. Remember, your goal is to keep your business plan as short as possible, so too much detail here could easily make your plan much too long.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Up and Running

OCTOBER 3, 2018

Financial Summary: Explain your business model, startup costs, revenues, and liabilities to the company. Use this model to help: “For [target market description] who [target market need], [how our business offering meets the need]. Pricing : Design your pricing so that will cover your costs and match the market rate.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Business Plan Blog

SEPTEMBER 10, 2013

What makes an idea compelling to an investor is 2 fold: 1) does the idea offer a solution to a big problem or opportunity, and 2) is the idea protected via intellectual property or some other barrier to entry. They also show your ability to turn a business concept into a realistic, attractive business model.

Intellectual Property 53

Intellectual Property Venture Capital Equity Business Plan 53

Steve Blank

JUNE 23, 2021

This allowed us to emphasize how to differentiate a technical spec from a value proposition and expand on the parts of the business model that are unique for science and engineering startups. Started on Week 1 as AI to Match Patients to Post-Acute Care. If you can’t see the TakeCare video, click here. Team CareMatch.

Lean 299

Lean Technology Artificial Inteligence Intellectual Property 299

www.paulgraham.com

OCTOBER 23, 2010

They all use the same simple-minded model.They seem to have approached the problem by thinking about how todo database matches instead of how dating works in the real world.An Oneof the worst things that can happen to a startup is to run into intellectual property problems. Andyet theres a lot of money at stake.

Startup 105

Startup Cofounder Software Stock 105

Start Up Blog

JUNE 6, 2019

Most global brands rent their own intellectual property from themselves – assets like trade marks, designs and even Artificial Intelligence are put into business units they own and control in low tax markets, to which they pay royalties for the use of them. ‘ Oh, but it doesn’t suit our business model’ .

Government 79

Government Algorithm Artificial Inteligence Social Media 79