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Vertical Markets 2: Customer/Market Risk versus Invention Risk.

Steve Blank

Steve,&# he said, “you’re missing the most interesting part of vertical markets. The implications for entrepreneurs is that each of these (market risk versus invention risk,) require radically different financing models, a different type of venture investor, different timing for hiring sales and marketing, etc.

Vertical 147
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Zachary Bogue And Matt Ocko Launch Data Collective, An Early Stage Fund For Big Data Startups

techcrunch.com

Zachary Bogue And Matt Ocko Launch Data Collective, An Early Stage Fund For Big Data Startups. Data Collective has already made 46 investments from its first fund, which it calls “comparable with other seed and early stage funds” (Ocko and Bogue wouldn’t reveal fund size.). Headphones. CrunchBase.

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The Customer Development Manifesto: The Startup Death Spiral (part.

Steve Blank

Blame it On Marketing In the next 3-6 months, a new VP of Sales is hired. I think Customer Development (iterative model) helps by putting a strong thought in the mind (at a very early stage) that you could be wrong unless the customer agrees; this helps the mind to be more receptive. innovation.

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Convergent Technologies: War Story 1 – Selling with Sports Scores.

Steve Blank

If you hire a VP of Sales with the idea that they can do customer discovery you violated the first principle of Customer Development – this isn’t a step the can be outsourced to a non-founder. Hiring a VP of Sales in customer discovery typically sets a startup back. However, your product itself will be doing a lot of the selling.

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Ardent 1: Supercomputers Get Personal

Steve Blank

Supercomputers get Personal Back in Sunnyvale my friend had not only been hired but had convinced the team that we should be building hardware – making a new class of computers not a software application. We’re building a supercomputer.” We told Andy we’d talk further when he got back from Europe. To Order Outside of the U.S.

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Going to Trade Shows Like it Matters – Part 2

Steve Blank

If your don’t have enough employees on the payroll, hire relatives, friends, or part-timers and train them. When I was at Intel, we hired the Hill Group to come in a train the entire team of sales and marketing people who were slated to staff any trade show booth throughout the year. You’ll never have to do it again.)

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There's a Pattern Here « Steve Blank

Steve Blank

Yet the processes that early-stage companies were using were identical to that of large corporations. Through trial and error, hiring and firing, successful startups all invented a parallel process to product development. Its basic propositions are the antithesis of common wisdom yet they are followed by those who succeed.