Remove Cloud Remove Cost Remove Customer Development Remove Early Stage
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A New Way to Teach Entrepreneurship – The Lean LaunchPad at Stanford: Class 1

Steve Blank

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. The first class was an introduction to the concepts of business model design and customer development.

Lean 298
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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

Following is his advice to early stage entrepreneurs for creating structure in their company. One of the key benefits of doing this early on is that when it comes time to raise that next round, the people you’ll need the most help from are already involved and engaged. This may seem counterintuitive, even even a pain in the ass.

Burn Rate 152
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How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

We’ve seen some modest progress in people upgrading from Excel to Google Sheets; use of some CRM; and a cloud-based storage service. In venture capital in particular, early-stage companies are often operating in frontier industries, where the rules are unpredictable and conventional analytic frameworks may be misleading.

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Lessons Learned: Validated learning about customers

Startup Lessons Learned

In an early-stage startup especially, revenue is not an important goal in and of itself. This may sound crazy, coming as it does from an advocate of c harging customers for your product from day one. Let’s start with a simple question: why do early-stage startups want revenue? But all things are never equal.

Customer 167
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What Startups Need to Know About Regulated Markets

Steve Blank

To indicate where their customers for this new market would come from they drew the 5 adjacent market segments they believed their future customers were in today: corporate, higher education, startup ecosystem, institutions, and adult learning. To illustrate this they drew these adjacent markets as a cloud surrounding their company.

Marketing 321
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Lean Analytics: The Best Numbers for Non-Tech Companies

Startup Lessons Learned

LSC: Tell us about the customer development you did for your book: Alistair: We''ve been thrilled at how Lean Analytics seemed to resonate with founders. We spoke with the head of innovation at one Fortune 500 company who told us his only metric for early-stage innovation is “how many assumptions have you tested this week?”

Analytics 167
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It's a startup, not a spreadsheet

Startup Lessons Learned

In other words, we want to use the spreadsheet to quantify our progress using the most important unit: validated learning about customers. One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. But $10.00?