Remove Customer Remove Customer Development Remove IPO Remove Operations
article thumbnail

Is the Lean Startup Dead?

Steve Blank

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim.

Lean 335
article thumbnail

Lessons Learned: What is customer development?

Startup Lessons Learned

Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customer development? But too often when its time to think about customers, marketing, positioning, or PR, we delegate it to "marketroids" or "suits." Many of us are not accustomed to thinking about markets or customers in a disciplined way.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Can You Trust Any vc's Under 40?

Steve Blank

On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.) In this time, building a successful business meant building a company that had paying customers quarter after quarter. They taught you about customers, markets and profits.

article thumbnail

Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

Secondly, they had an owned & operated (O&O) website – Google.com – and Overture had shut down GoTo.com at the request of their very profitable and large distribution partners. In 1995 Netscape IPO’d and browsers started to become more prevalent. That gave Google a huge cost advantage. We talked about patents.

Product 350
article thumbnail

Innovation, Change and the Rest of Your Life

Steve Blank

For life sciences it was the Genentech IPO in 1980 that proved to investors that life science startups could make them a ton of money. The second thing that’s changed is that we’re now Compressing the Product Development Cycle. The founders were simply wrong about their assumptions about customer needs. The founders.

Restful 238
article thumbnail

Lessons Learned: Validated learning about customers

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? This may sound crazy, coming as it does from an advocate of c harging customers for your product from day one. They are gaining valuable customer data.

Customer 167
article thumbnail

New Rules for the New Internet Bubble

Steve Blank

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. They taught you about customers, markets and profits. Startups needed millions of dollars of funding just to get their first product out the door to customers.

Internet 334