Remove Customer Development Remove IRR Remove Revenue Remove Search
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Fund Raising is a Means Not an End

Steve Blank

Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. Just as a reminder, a startup is a temporary organization designed to search for a repeatable and scalable business model. What’s a Startup?

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Why Companies are Not Startups

Steve Blank

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. Somewhere in the dim past of the company, it too was a startup searching for a business model.

IRR 335
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Intel Disrupted: Why large companies find it difficult to innovate, and what they can do about it

Steve Blank

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. Intel under their last two CEOs delivered more revenue and profit than any ever before. Filed under: Corporate Innovation , Customer Development.

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. Just as a reminder, a startup is a temporary organization designed to search for a repeatable and scalable business model. What’s a Startup?