Remove Customer Development Remove Demand Remove Founder Remove Liquidity Event
article thumbnail

Welcome to the Lost Decade (for Entrepreneurs, IPO’s and VC’s)

Steve Blank

Number of Venture Backed Liquidity Events 1991-2000. Number of Venture Backed Liquidity Events 2000-2010. They’ve created virtual IPO’s for founders and employees via late-stage private financing. In either case Customer Development provides entrepreneurs with a methodology for being capital efficient.

article thumbnail

New Rules for the New Internet Bubble

Steve Blank

They taught you about customers, markets and profits. The reward for doing so was a liquidity event via an Initial Public Offering. Startups needed millions of dollars of funding just to get their first product out the door to customers. That requires building a company using Agile and Customer Development.

Internet 335
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. It’s only after you have found product-market fit (value proposition – customer segment in the language of the business model canvas) that you spend like there is no tomorrow. What is an IRR? Lessons Learned.

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. It’s only after you have found product-market fit (value proposition – customer segment in the language of the business model canvas) that you spend like there is no tomorrow. What is an IRR? Lessons Learned.

article thumbnail

Where is the best place to find a rockstar developer to bring it to life?

www.quora.com

Find Questions, Topics and People Add Question Add Question Non-Technical Co-Founders Co-Founders Technical Co-founders Finding Co-Founders Startups & "How Important Are Ideas?" " Web Development Startups Solo Founders I am a creative guy with a startup idea.

article thumbnail

Startup Resources

www.vccafe.com

.” Hackernews list of “Tools of the Trade” for startups - includes over 150 SaaS tools used by startups, and over 150 comments with interesting insights from founders. Steve Blank on Lean Customer Development. on demand billing and fraud management. Founders Institute Plain Preferred Term Sheet â??