article thumbnail

9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Get support from credible industry groups and partners. Products that can be easily produced and sold via multiple channels, including the Internet, are more easily scaled world-wide. Use open-source e-commerce and website software, including web-chat software and PayPal, rather than building expensive customized solutions.

Merger 386
article thumbnail

I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

Next we teach Distribution Channels (how are you going to sell the product) and Customer Relationships (how do you Get/Keep/Grow customers) and Revenue Streams (what’s the Revenue Model strategy and pricing tactics.) Finally we move to the left side of the canvas to teach the supporting elements of Resources, Partners, Activities and Costs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. The cloud , open-source development tools and web 2.0 as a distribution channel have vastly reduced the amount of capital a startup needs at the early stage when the risk is greatest.

article thumbnail

Startup opportunities in the Metaverse

VC Cafe

Open metaverse: these are the decentralized platforms built on crypto, such as Manticore Games, Sandbox or Decentraland and many others. Skechers is the latest brand to announce a virtual store opening in Decentraland ( Source ). presents more than just another sales channel for retailers.

Startup 187
article thumbnail

WordPress vs Webflow

ConversionXL

That said, while a younger company compared to WordPress, Webflow has worked hard to partner with applications to ensure your favorite integrations work with them as well. Image source ). Additionally, because WordPress is so popular, there are dozens of blogs and YouTube channels dedicated to getting the most out of the platform.

article thumbnail

ESADE Business School Commencement Speech

Steve Blank

Today’s workforce has radically different expectations, brands are losing their power, physical channels are being destroyed by virtual ones, market share is less important than market creation, and software is eating world. For example, Coke added snack foods, which could be distributed through its existing distribution channels.

article thumbnail

Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

Companies pursuing innovation can Buy, Build, Partner or use Open Innovation. Here the company executes a known business model (known customers, product features, competitors, pricing, distribution channel, supply chain, etc.) Horizon 3 is focused on unknown business models. Horizon 1 is the company’s core business.

Lean 120