Steve Blank

article thumbnail

10,000 Startups – Startup Weekend Next

Steve Blank

More importantly, it makes no demands of you to stand and deliver your weekly customer development progress in front of your peers. It doesn’t take equity and just has a small fee that varies by city ($140 to $299), to cover event operations and expenses. The cost of attending a Startup Weekend Next is ridiculously inexpensive.

Startup 335
article thumbnail

Why Companies are Not Startups

Steve Blank

It describes the product/service, who is it for, what channel sells/deliver it, how demand is created, how does the company make money, etc. A business model guides an organization to create and deliver products/service and make money from it. Somewhere in the dim past of the company, it too was a startup searching for a business model.

IRR 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

China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

For the last few years, there really hasn’t been a demand to innovate on top of the ecosystem that’s been built. The downside is that with so much venture and angel capital available, investors have been willing to fund the 10 th Groupon clone. New Rules for China. 70% of Chinese Internet users are under 30.

China 323
article thumbnail

China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

For the last few years, there really hasn’t been a demand to innovate on top of the ecosystem that’s been built. The downside is that with so much venture and angel capital available, investors have been willing to fund the 10 th Groupon clone. New Rules for China. 70% of Chinese Internet users are under 30.

China 215
article thumbnail

How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

With more work from home happening, all of these services will see increased demand from companies. Award equity to employees equal to the value of their reduced salaries. B2B – cloud services, online meetings, virtual workforce management, collaboration tools. Before layoffs, cut all salaries by 20%.

article thumbnail

The Secret History of Minnesota Part 1: Engineering Research Associates

Steve Blank

Parker became President, and got 50% of the company’s equity for a $20,000 investment (equal to $315K today) and guaranteed a $200,000 line of credit (equal to $3M today). During World War II the demands of war industries caused millions more Americans to move to where most defense plants located. Parker agreed to invest.

Minnesota 281
article thumbnail

The Sharp End of the Stick « Steve Blank

Steve Blank

We were going to do that by turning marketing into a machine to generate end user demand, drive the that demand into our sales channels, and educate our sales channels. If sales revenue and profits are high enough, we could take the company public or sell it, and the stock would be worth more than the paper it was printed on.