article thumbnail

Customer Validation - 33 Great Articles

SoCal CTO

" Today I had two conversations with early stage startups (see Free CTO Consulting ). Vision Synching in a Lean Startup The Fallacy of Customer Development Entrepreneurs, Lower Investors’ Risk by Validating your Start-up Company’s Business Proposition Lessons Learned: What is customer development? billion dollar mistake.

Customer 227
article thumbnail

What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

You’re sales person is getting blocked by the CTO who says she shouldn’t go above him but the CTO isn’t approving the deal. He refined his business plan and he got commitments for $150-200k but needed some lead angels to commit first. Should she take a chance and potentially ruffle feathers?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Sweat Equity Worth?

www.entrepreneur.com

Entrepreneur Homepage Startups Starting a Business Home How-To Guides Startup Basics Business Ideas Business Planning Startup Financing Success Stories Home-Based Business Starting a Business Play Video How to Take a New Product from Just an Idea to a Business (Video).

article thumbnail

Angel Investment Criteria

SoCal CTO

In his recent post, Top 10 Ways to Win a Business Plan Competition , he says: #4 I wanted to push this further down the list, but I just bristle at this: the revenue forecast. My 4 plans get increasingly more incredible, ranging from $50M, $60M, $70M to $161M in year 5! These are so detached from reality. So get real.

article thumbnail

The Ultimate Guide to Starting a Software Company

Up and Running

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods.

article thumbnail

How to Do Market Research

Up and Running

See Also: How Not Doing Market Research Sunk My Business. Don’t just do it to fill in a section of your business plan. Do it because it will greatly reduce risk as you start your business. Detailed market research isn’t necessary for all businesses. What Is a Market Forecast?

article thumbnail

How to Divide Equity to Startup Founders, Advisors, and Employees

thinkspace.com

The elements of the decision making process are 1) Idea; 2) Business Plan Preparation; 3) Domain Expertise; 4) Commitment and Risk; 5) Responsibilities. Business Plan 2 3 6 8 16. I have not only been able to teach my self SEO but I have already built my own Website for the Business. Idea 7 10 70 3 21.

Equity 62