Steve Blank

FEBRUARY 25, 2010

Customer Development is a technique startups use to quickly iterate and test each part of their business model. How you execute Customer Development varies, depending on your type of business. In my book, “ The Four Steps to the Epiphany ” I use enterprise software as the business model example.

Customer Development 266

Customer Development Web Developer Customer 266

Startup Professionals Musings

FEBRUARY 26, 2023

Every new business quickly realizes that revenue coming in every period on a committed basis is the Holy Grail to survival and growth. Based on traditional research, getting new customers is five to ten times harder than getting additional revenue from existing customers.

Business Model 294

Business Model Startup Cloud Curation 294

Startup Professionals Musings

JANUARY 16, 2022

MySpace, for example, boomed after launch for five years without a revenue model. When their deep pockets went empty, Facebook stepped in, but demanded revenue from ads. Build a business plan for profitability in your lifetime. Yet it took almost six years to become profitable, with revenue only from advertising.

Revenue 297

Revenue Widget Angel Investor Early Stage 297

Startup Professionals Musings

DECEMBER 6, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Commit to a major customer.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

SoCal CTO

MARCH 5, 2007

However, Elgg could power 100,000 networks and it would make no difference - there is no revenue stream as we give everything away under a GPL license. There are quite a few other Software Development Companies in Southern California working on open source and/or freemium business models. I understand his frustration.

Open Source 150

Open Source Business Model Technical Cofounder Southern California 150

The Next Web

DECEMBER 30, 2012

How do you monetize a unique business model based on users rather than selling an actual product? When our users do business with each other, we take a fee as facilitator. We have a very simple business model. Diversifying revenue streams at Wave. Giving it away at Contently. “At Wave is proof of that.”.

Business Model 133

Business Model Technical Review Advertising B2C 133

YoungUpstarts

JANUARY 30, 2015

Google is focused on expanding its already broad reach into the advertising market by increasing the span and coverage of its digital and mobile platforms, and the company’s 4Q14 results highlight how the company’s efforts to buttress its core services is paying off: Google’s revenue and gross profit climbed 15.3% billion and generated $4.1

Advertising 100

Advertising Revenue Mobile Intellectual Property 100

Start Up Blog

FEBRUARY 26, 2023

1) A new technology + (2) A new business model If we only have one, the incumbents can usually adapt. They can plug the new tech into the existing business model. Or, they can revert the old technology into a new business model. Each time they sold the new tech in the old business model.

ChatGPT 90

ChatGPT Technical Review Generative AI Azure 90

Startup Professionals Musings

OCTOBER 30, 2020

Minimize one-time sales in your business model. You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. Every new business has unexpected pivots and adjustments, and outsourcing is easier to manage. Your solution must have value for every customer.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

JUNE 30, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Commit to a major customer.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

ReadWriteStart

JUNE 19, 2021

Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. IoT will also enable businesses to get a fresh pair of eyes to look into data to derive insightful business insights. . IoT’s impact on healthcare.

Technical Review 215

Technical Review Software Review Cloud Vertical 215

Steve Blank

SEPTEMBER 16, 2014

Surprisingly if you’ve filled out the business model canvas you already know who you need. She started by sketching her business model canvas on a napkin, but somehow the conversation quickly shifted to what was really on her mind. ——-. But what about for us, a consumer hardware hardware company?

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

ReadWriteStart

DECEMBER 15, 2011

At today's roundtable, we had a 30-minute segment on Web 3.0 We basically took the Web 3.0 framework - Web 3.0 = (4C + P + VS) - and did a blue sky exercise on how to create a comprehensive user experience for social dancers. For more, you can also follow the discussion on my blog titled: Web 3.0 and Social Dancing.

Romania 123

Romania Web Incubator Entrepreneur 123

K9 Ventures

AUGUST 13, 2010

It worked like a charm since we could create a more interactive experience on the Web. What started out as a generic web-based chat solution morphed into a full-fledged product for a distance education that we called iClass. (We We were a tiny web-conferencing startup in Pittsburgh called iMeet. This time we’d gotten it right.

Revenue 72

Revenue Developer Java Customer Development 72

ReadWriteStart

SEPTEMBER 9, 2022

You can either hire a web development company or use a platform like WordPress to create your site. Understanding The Business Model of a B2B Marketplace. A business model describes how your company makes money and is essential to developing an effective business plan. Setting Up Your Website.

B2B 131

B2B Developer Technical Review Business Model 131

Steve Blank

JANUARY 22, 2014

Few entrepreneurs find this scalable and repeatable business model because it’s not easy. The cloud , open-source development tools and web 2.0 The cloud , open-source development tools and web 2.0 Startups still need capital to scale once they find good product-market fit and a repeatable-scalable business model.).

Early Stage 286

Early Stage Silicon Valley Oregon Technical Review 286

Startup Professionals Musings

JULY 14, 2014

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Commit to a major customer.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Startup Professionals Musings

JULY 1, 2017

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Commit to a major customer.

Product Development 177

Product Development Cost Developer Product 177

YoungUpstarts

JUNE 4, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 127

Framework Architecture Cleveland Early Stage 127

Startup Professionals Musings

FEBRUARY 19, 2013

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Commit to a major customer.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

MARCH 25, 2023

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Valuation 235

Valuation Revenue Viral Retention 235

Startup Professionals Musings

JANUARY 12, 2018

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Commit to a major customer.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

ReadWriteStart

JULY 7, 2021

Various business models in an on-demand courier delivery app. Business to Consumer (B2C) – It is the most common type of business model. Secure backup of all data by using Amazon Web Services (AWS) and Google Cloud. . The level of customization required by the business firm.

Technical Review 163

Technical Review Artificial Inteligence Demand Social Media 163

YoungUpstarts

MAY 24, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 113

Framework Architecture Cleveland Early Stage 113

Agile VC

FEBRUARY 5, 2014

Most consumer web/mobile companies focus on user growth and usage early in the company’s lifecycle before shifting to monetization. This is a logical thing to do… when we started LinkedIn, my mentor Reid Hoffman instilled a mantra of Growth –> Usage –> Revenue which still holds for many consumer companies.

Revenue 234

Revenue Product B2B Marketing 234

Startup Professionals Musings

AUGUST 10, 2014

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. A business only achieved critical mass by becoming cash-flow positive.

Revenue 246

Revenue Entrepreneur Valuation Viral 246

Startup Professionals Musings

OCTOBER 21, 2022

We all hear about the big winners, such as the game Clash of Clans , which has now surpassed $1 billion in yearly revenue, and the smartphone version of Skype , which is making huge money through credits as an extension of the website version. After this connection, you need not share the 30% of all revenue collected by the store platform.

Developer 345

Developer Mobile Revenue Advertising 345

Steve Blank

AUGUST 29, 2011

Max and his team built a website called the Startup Genome Compass (their benchmarking web site) that allows an Internet startup to evaluate their business performance. The Startup Genome Compass uses a hybrid “Stage and Type&# model that describes how startups progress through their business development lifecycle.

Software Review 292

Software Review Early Stage Technical Review Startup 292

Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

Lean 298

Lean Business Model Customer Development Guinea 298

YoungUpstarts

NOVEMBER 25, 2014

While it’s true that at no other time are customers in as much of a shopping mood, SMBs cannot afford to sit back and follow a “Field of Dreams” business model. An expert in mobile and web development, Ilani graduated cumma sum lauda from Tel Aviv University with a Bachelor of Science in Computer Science and Psychology.

Customer 176

Customer Social Media eCommerce Campaign 176

Steve Blank

APRIL 21, 2011

There are two major channels: physical channels and virtual (web/mobile) channels. Their week 6 business model now looked like this: . The feedback from the teaching team was that with a new customer segment identified the team was now in a race against time to provide a meaningful business model before the class ended.

Channel 215

Channel Artificial Inteligence San Francisco Business Model 215

Steve Blank

OCTOBER 25, 2010

LAMP ) emerged for building web servers. It’s the combination of Business Model Design and Customer Development. Business Model Design. Alexander Osterwalder and Yves Pigneur defined a business model as how an organization creates, delivers, and captures value. Business Model Canvas.

Customer Development 329

Customer Development Business Model Developer Customer 329

Up and Running

MAY 10, 2021

Today, everything is connected to the web that creates data to be utilized and exploited using IoT-powered mobile apps. Your app may cost you money, but the revenue it generates may justify the budget. What has your revenue been for the last 1-3 years? Trillion by 2025. In short, we are living in a digital age. Mobile wallets.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

Startup Professionals Musings

JUNE 26, 2016

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $400B. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Revenue 145

Revenue Valuation Startup Viral 145

Steve Blank

MARCH 12, 2014

We realized that past K-12 Entrepreneurial classes taught students “the lemonade stand” version of how to start a company: 1) come up with an idea, 2) execute the idea, 3) do the accounting (revenue, costs, etc.). We wanted to teach our students how to think like entrepreneurs not accountants.

Lean 334

Lean Customer Development Startup Silicon Valley 334

Startup Professionals Musings

NOVEMBER 18, 2020

Just because you love to share things you cook with the hungry, doesn’t mean you can make it a business. Every sustainable business model has to attract paying customers and revenue, as well as provide something with significant economic or emotional value. New business models are changing the rules of business.

Business Model 363

Business Model eCommerce Community Social Media 363