Remove Customer Development Remove Metrics Remove Product Development Remove Valuation
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Raising Money Using Customer Development

Steve Blank

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Product Development – Getting Funded as The Goal In a traditional product development model, entrepreneurs come up with an idea or concept, write a business plan and try to get funding to bring that idea to fruition.

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Is the Lean Startup Dead?

Steve Blank

Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. They needed to be sure that what they were building was what customers wanted and needed. Some have labeled this period as irrational exuberance.

Lean 335
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Lessons Learned: The three drivers of growth for your business.

Startup Lessons Learned

Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.

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

Feld Thoughts

Convertible debt financings have become an increasingly attractive approach for seed rounds because it delays the valuation discussion, costs less from a legal standpoint, and is an easier financial instrument to “keep raising more small amounts of money” on. No updates, screen comps, or metrics have been publicly shared yet.

Burn Rate 152
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Startup Tools

steveblank.com

AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of product development Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.

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Lessons Learned: A hierarchy of pitches

Startup Lessons Learned

Most important slide: valuation Promising results Key questions: can you monetize that traffic? (or The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? With that disclaimer out of the way, heres how I order the hierarchy of pitches: Printing money Key questions: are those numbers real?

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Startup Resources

www.vccafe.com

Steve Blank on Lean Customer Development. Startup Metrics for Pirates â?? SaaS Metrics Tutorial â?? Great for visualizing work of product development. Seed Stage Valuation Guide. Customer Development. valuations. Codeacademy. Lean Methodology Sources. Steve Blank. SW Courses.