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. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

Steve Blank

APRIL 23, 2014

Most large companies manage three types of innovation: process innovation (making existing products incrementally better), continuous innovation (building on the strength of the company’s current business model but creating new elements) and disruptive innovation (creating products or services that did not exist before.).

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Startup Professionals Musings

SEPTEMBER 10, 2018

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a business plan with minimal resources.

Equity 238

Equity Cofounder Technical Cofounder Intellectual Property 238

Startup Professionals Musings

NOVEMBER 4, 2019

I love good causes and social entrepreneurs, but a recent pitch to me about eliminating world hunger with a new product (harvesting algae at low cost) seemed to forget that really hungry people don’t have any money. Build a credible business implementation plan to quantify costs. Make the product or service come alive.

Intellectual Property 235

Intellectual Property Elevator Pitch Harvest Technical Review 235

Startup Professionals Musings

SEPTEMBER 30, 2013

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. It’s hard to build a business without a plan, just like it’s hard to build a house without a blueprint. If you have a product description, that’s necessary, but not sufficient.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

Startup Professionals Musings

DECEMBER 6, 2014

Early in the relationship, every investor instinctively looks for some key indicators of the ability to get results, like the following: Communicates well in every business medium. Others send investors email and business plans in all uppercase or no punctuation. Registered patents and other intellectual property.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

Up and Running

AUGUST 28, 2018

If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. There are a few different types of business plans , depending on how you intend to use it. There are a few different types of business plans , depending on how you intend to use it.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Startup Professionals Musings

AUGUST 25, 2018

These days you can create a C-corp or LLC online quickly at a low cost, to serve you well in signing partners, intellectual property, investors, and revenue. Prepare a pitch deck to document and share your plan. A full business plan and financial modelling can come later to add details.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

Startup Professionals Musings

AUGUST 31, 2012

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. It’s hard to build a business without a plan, just like it’s hard to build a house without a blueprint. If you have a product description, that’s necessary, but not sufficient.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

AUGUST 4, 2014

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Value is embodied in previous success with investors, proven problem-solving ability, and having built and executed a business plan with minimal resources.

Cofounder 261

Cofounder Stock Founder Technical Cofounder 261

Startup Professionals Musings

NOVEMBER 30, 2015

Even new entrepreneurs should be able to move from an idea to a legal entity within a couple of months, finalize their business plan in the new few months after that and have a prototype solution built within six more months. Find a partner and core team early to supplement your expertise.

Intellectual Property 120

Intellectual Property Entrepreneur Preferred Stock Stealth 120

Steve Blank

JUNE 19, 2014

After seeing the process work so well for scientists and engineers in the NSF, we hypothesized that we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently. And that with sufficient planning successful commercialization was simply an execution problem.

Lean 269

Lean SBIR Intellectual Property Customer Development 269

Startup Professionals Musings

JANUARY 14, 2023

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Build a business plan and model that is attractive to investors.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Startup Professionals Musings

MAY 29, 2021

Product research and prototype development. Business plan assistance. Most universities have friendly law professors, or an entrepreneurship legal clinic, to address concerns like protection of intellectual property and privacy. Legal guidance. Start by contacting the law school organization.

Arizona 432

Arizona Phoenix Intellectual Property Incubator 432

Startup Professionals Musings

JUNE 17, 2011

Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. It’s hard to build a business without a plan, just like it’s hard to build a house without a blueprint. If you have a product description, that’s necessary, but not sufficient.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

Startup Professionals Musings

FEBRUARY 15, 2023

It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Self-sustainability, independence, and real fun requires paying customers, profitability and an early cash-flow-positive business plan.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Up and Running

DECEMBER 27, 2018

Start a business: Product conversion. One of the best ways to make money from your patent is to create and sell the product you invented. Does it do its job better than existing products in the market? Do you have funds for manufacturing and promoting the product? Intellectual Ventures is another such company.

Intellectual Property 93

Intellectual Property Technical Review Due Diligence Cofounder 93

Startup Professionals Musings

APRIL 11, 2022

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

APRIL 22, 2013

I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Values intellectual property.

Technical Review 273

Technical Review Intellectual Property Angel Investor Elevator Pitch 273

Startup Professionals Musings

APRIL 17, 2023

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. For investors, this is the idea stage , where you may have a great idea, but no plan, product, or customers, and probably no success record in this business domain.

Angel Investor 313

Angel Investor Intellectual Property Investment Bankers Private Equity 313

Startup Professionals Musings

MARCH 18, 2012

I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Values intellectual property.

Technical Review 294

Technical Review Intellectual Property Angel Investor Elevator Pitch 294

Startup Professionals Musings

AUGUST 24, 2016

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a business plan with minimal resources.

Equity 120

Equity Cofounder Technical Cofounder Intellectual Property 120

Startup Professionals Musings

MAY 4, 2016

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us. Building a minimum viable product, with customer validation.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Steve Blank

JANUARY 27, 2011

This solution stack proposes that entrepreneurs should first map their assumptions (their business model) and then test whether these hypotheses are accurate, outside in the field (customer development) and then use an iterative and incremental development methodology (agile development) to build the product.

Business Model 275

Business Model Utah Intellectual Property Agile 275

Startup Professionals Musings

AUGUST 25, 2023

Make sure the name and trademarks you want are available, as well as web site address, social media tags, and any other intellectual property. Do a written business plan to validate your thinking. If an innovative solution is involved, prepare a minimum viable product or a video to demonstrate functionality and usability.

Intellectual Property 245

Intellectual Property Social Media Angel Investor Metrics 245

Startup Professionals Musings

MAY 22, 2010

Here are some tips which will signal traction to investors, as well as your team: Document your business plan. It’s hard to build a business without a plan, just like it’s hard to build a house without a blueprint. If you have a product description, that’s necessary, but not sufficient. Ship a minimum product now.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

Startup Professionals Musings

NOVEMBER 14, 2010

Creating a strong value proposition requires substantial customer insight, thorough study, an understanding of the real value of intellectual property, thoughtfulness, and several iterations. There is no product idea good enough to overcome bad partners. Repetition will kill an otherwise acceptable business plan.

Intellectual Property 265

Intellectual Property Balance Sheet Phoenix Arizona 265

Startup Professionals Musings

MAY 18, 2020

It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Self-sustainability, independence, and real fun requires paying customers, profitability and an early cash-flow-positive business plan.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Startup Professionals Musings

APRIL 19, 2020

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Build a business plan and model that is attractive to investors.

Hockey Stick 386

Hockey Stick Intellectual Property Startup Non-Compete 386

crowdSPRING Blog

FEBRUARY 14, 2019

Here’s an 11 step complete guide on how to start a business. Write a business plan. Decide your legal business structure. Purchase business insurance. Create a sales plan. Find partners or investors. Grow your business. Who am I providing a service or product to? Build your team.

Angel Investor 85

Angel Investor Small Business Business Plan Intellectual Property 85

Startup Professionals Musings

OCTOBER 27, 2010

I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Values intellectual property.

Angel Investor 241

Angel Investor Technical Review Intellectual Property Elevator Pitch 241

Startup Professionals Musings

JULY 22, 2020

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. For investors, this is the idea stage , where you may have a great idea, but no plan, product, or customers, and probably no success record in this business domain.

Angel Investor 370

Angel Investor Intellectual Property Investment Bankers Private Equity 370

Startup Professionals Musings

AUGUST 13, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Do describe your intellectual property and “secret sauce”.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

MAY 13, 2011

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Do describe your intellectual property and “secret sauce”.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

JULY 13, 2019

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

Startup Professionals Musings

JANUARY 23, 2019

Suddenly you will find that writing a ten-to-twenty page business plan with details is easy rather than daunting. Create a specific plan to network to get the help you need. Do the same for partners and co-founders that will buttress your strengths. Take action on your plan, and finish something every day.

Intellectual Property 248

Intellectual Property Dilution Cofounder Social Media 248

Gust

AUGUST 5, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Do describe your intellectual property and “secret sauce”.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182