Steve Blank

MARCH 3, 2015

It has replaced how to write a business plan with hands-on Lean Startup methods. Over my career as a serial entrepreneur I observed that since the late 1990s, no early-stage Silicon Valley investor had used business plans to screen investments. The Lean LaunchPad was unlike any class I’d ever seen. Today the U.C.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

SoCal CTO

MARCH 1, 2010

Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs , February 2, 2010 Looks at the critical equation around customer acquisition cost vs. customer lifetime value similar to what I discussed in Startup Metrics but in more depth. Great stuff. This post looks at the implementation details of HTML 5 video.

Acquisition 150

Acquisition Cofounder Technical Cofounder Cost 150

ConversionXL

FEBRUARY 3, 2022

This philosophy comes from The Lean Startup methodology , which relies on testing hypotheses to better understand your customers’ pain points and goals. A common framework for defining your growth model is Dave McClure’s Pirate Metrics for startups : the AARRR framework. Think about the touchpoints at each stage of the AARRR framework.

Marketing 115

Marketing Framework Metrics Channel 115

SVPG

OCTOBER 13, 2011

I held off a little on this because he has been working on a book which has just recently been published, called “ The Lean Startup ” and in this article I’d like to discuss the key concepts in the book and provide that mapping. Early Adopters = Earlyvangelists. Metrics = KPI’s (Key Performance Indicators).

Lean 63

Lean Stealth Portfolio Engineer 63

Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. This should not be news to you. Online, offline or nonline.

Metrics 156

Metrics Analytics Lean Churn Rate 156

Startup Lessons Learned

JULY 30, 2009

Lessons Learned by Eric Ries Thursday, July 30, 2009 Techstars brings The Lean Startup to Boulder Im very excited to announce a pair of events that will kick off a very busy fall speaking tour. The event will include a talk from Eric on The Lean Startup over dinner, followed by moderated table discussion and then final Q&A with Eric.

Lean 68

Lean San Francisco Continuous Deployment DC 68

SoCal CTO

OCTOBER 8, 2009

A post by Fred Wilson pointed me to Dave McClure's Startup Metrics presentation. This is a great presentation and one that I'm going to point out to startup / early stage company CEOs. Define what you need from a metrics and reporting standpoint. You only build what you need to prove that model. Great stuff.

Metrics 225

Metrics Startup Retention Acquisition 225

Startup Lessons Learned

JUNE 9, 2009

Lessons Learned by Eric Ries Tuesday, June 9, 2009 The Lean Startup Tokyo edition I had a blast speaking at Startonomics Tokyo , which was organized to foster ties between the startup cultures in Japan and Silicon Valley. christinelu : if youre building a disruptive innovation.the only people who you want to talk to are early adopters.

Lean 60

Lean San Francisco Japan Continuous Deployment 60

Steve Blank

NOVEMBER 16, 2009

What metrics do we use to see if we learned enough in Customer Discovery ? I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. However the Customer Development Model and the Lean Startup work equally well for startups on the web.

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Customer Development Web Developer Customer 219

Both Sides of the Table

SEPTEMBER 10, 2021

We back very early stage companies and work alongside executive teams as their build their teams, launch their products, announce their companies and raise their first downstream capital rounds. The biggest change for us in early-stage investing is that we now need to commit earlier.

Pre-Money Valuation 471

Pre-Money Valuation Valuation Venture Capital Early Stage 471

Startup Lessons Learned

OCTOBER 23, 2013

Guest post by Lisa Regan, writer for The Lean Startup Conference. Analytics spark more questions and discussion than almost any other aspect of the Lean Startup method. Alistair and Ben, co-authors of the book Lean Analytics, will help you sort it out in our next webcast, Lean Analytics for Non-tech Companies.

Analytics 167

Analytics Lean Widget Metrics 167

Startup Lessons Learned

AUGUST 26, 2009

The companies I spoke to all agreed that the community there was extremely supportive, especially in the critical ulta-early-stage. Then, create an encouraging environment for early-stage companies. Provide early seed capital, and be the ones to make those introductions. And do your customer development.

San Francisco 113

San Francisco Silicon Valley Startup Lean 113

The Next Web

DECEMBER 4, 2013

Metrics on keywords, follower profiles and competitors all help define your target listener. As a startup, you’re working with limited resources and a lean business model. Building your brand presence on specialized outlets holds immense value for your business – especially in early stages. Startup Example: Zappos.

Social Media 158

Social Media Media Viral Startup 158

Startup Lessons Learned

APRIL 14, 2009

In an early-stage startup especially, revenue is not an important goal in and of itself. Let’s start with a simple question: why do early-stage startups want revenue? Every board meeting, the metrics of success change. Time-to-complete-a-sale is not a bad metric for validated learning at this stage.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Lessons Learned

NOVEMBER 17, 2008

Another advantage of the early stages is that most dont have to juggle too many competing priorities. Growth - when you have existing customers, the pressure is on to grow your key metrics day-in day-out. The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May. Conference streaming, sponsors, discounted tickets.

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

Startup Lessons Learned

SEPTEMBER 17, 2012

This post was co-written by Eric Ries and Sarah Milstein, co-hosts of The Lean Startup Conference. Ever since Eric announced Patrick and Brant's new book The Lean Entrepreneur (with illustrations by FAKEGRIMLOCK ), we've been excited to be part of the book launch. What aspect of Lean Startup methods most inspires you?

Lean 141

Lean Entrepreneur Early Stage Metrics 141

Up and Running

AUGUST 21, 2018

Today, I want to introduce a new approach to business planning: Lean Planning. Lean Planning replaces lengthy business plans with a 20-minute planning process that focuses on increasing your chances of success in business. Lean Planning is simpler and faster than writing a traditional business plan. Step 1: Create a Lean Plan.

Lean 134

Lean Forecast Software Review Business Plan 134

Mucker Lab

OCTOBER 12, 2016

Financially, they have to reserve capital to support large portfolio companies that account for big portions of the portfolio and thus make less early stage investment. As a result, when the public markets turn south in general or in a specific category , early stage entrepreneurs feel the impact almost immediately.

Harvest 60

Harvest Vertical IPO Early Stage 60

Feld Thoughts

NOVEMBER 18, 2013

Following is his advice to early stage entrepreneurs for creating structure in their company. So, I’ll explain my reasoning through the story of ASC, a fictitious company that has a combination of characteristics I’ve seen across a number of early stage companies. It’s too early for that s**t.

Burn Rate 152

Burn Rate Software Review Equity Early Stage 152

The Next Web

SEPTEMBER 13, 2013

But the problem with this is that most VCs in the Valley, especially early stage ones, only like to invest in companies that are within driving distance from their offices. The rest of Asia is still developing with far more angel and early-stage investors than mid-to-later stage folks.

Asia 132

Asia Silicon Valley India Term Sheet 132

Startup Lessons Learned

JUNE 5, 2009

In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. June 8, 2009 1:16 AM Colin said.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

SEPTEMBER 14, 2008

The people who are the lifeblood of an early-stage startup are earlyvangelists. The Lean Startup Intensive is tomorrow at Web 2.0. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.

San Francisco 131

San Francisco Customer Lean Continuous Deployment 131

Up and Running

JULY 14, 2015

An early stage startup will want to access funds to help further validate its business proposition. Any investor will put their valuation on your business based on a number of factors, including looking at important metrics for your business, patents, or assets. Operating lean should be the mantra of all businesses.

Technical Review 60

Technical Review Valuation Due Diligence Finder 60

Startup Lessons Learned

JANUARY 2, 2009

For the rest of us, there is an alternative: to create credibility by building a lean startup. At IMVU, we were terrified by how early we shipped (and charged for) our first product. The core of the article is my first attempt to articulate the key metrics (in graph form) that I believe demonstrate customer value. Expo SF (May.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

Steve Blank

JULY 1, 2014

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. Other than “I’ll know it when I see it”, there’s no formal way for an investor to assess project maturity or quantify risks. But the ‘ah-hah!’

Framework 306

Framework Sacramento Customer Development Lean 306

Startup Lessons Learned

AUGUST 8, 2009

Lean methods present a third option: to invest in our process so that our design gets more feedback sooner and is more adaptable to changes in purpose. SBCE feels like it should fit into the lean startup nicely, but I can't quite figure out how. August 8, 2009 6:08 AM Phil Winkler said. August 9, 2009 2:54 AM Eric said.

Software Review 87

Software Review Design Software San Francisco 87

Steve Blank

JUNE 15, 2010

Certain VC’s like the new class of Super-Angels and small VC funds specialize in the early stage of a startup where you are searching for a business model. And some larger funds that specialize in later stage deals may have a partner or two who likes to invest at this stage. Lean Startups ?

Founder 231

Founder Vesting Later Stage Early Stage 231

Up and Running

FEBRUARY 10, 2021

Investors, particularly those investing in early-stage startups, want to understand your vision. Executive summary and/or Lean Plan. Your cover letter may generate a request for additional information and this is where a solid executive summary or lean business plan comes in handy. A vision for the future.

Business Plan 138

Business Plan Forecast Balance Sheet Exit Strategy 138

Startup Lessons Learned

MARCH 4, 2009

This is important, especially if you are a very early stage company. The Lean Startup Intensive is tomorrow at Web 2.0. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Expo SF (May.

San Francisco 68

San Francisco Lean Continuous Deployment DC 68

Startup Lessons Learned

AUGUST 20, 2009

Lessons Learned by Eric Ries Thursday, August 20, 2009 The Promise of the Lean Startup Im honored to have a guest post on GigaOm to introduce the concept of the lean startup to their audience. The ultimate goal of a lean startup is to identify where its vision intersects with what reality can accommodate.

Lean 68

Lean San Francisco Startup Continuous Deployment 68

Startup Lessons Learned

JUNE 12, 2009

Lessons Learned by Eric Ries Friday, June 12, 2009 Lean Startup Workshop scholarship program I havent had much time to write lately, and so havent been able to share much about the Lean Startup Workshop series I have been producing with OReilly in their Master Class division. The Lean Startup Intensive is tomorrow at Web 2.0.

Lean 60

Lean Programming San Francisco Continuous Deployment 60

Startup Lessons Learned

FEBRUARY 24, 2009

Lessons Learned by Eric Ries Tuesday, February 24, 2009 The lean startup at UC Berkeley Haas School of Business Image by Jessica_Mah via Flickr Last week I had the opportunity to lecture again in Steve Blank s entrepreneurship class at Haas, which is always a great learning experience - for me at least! Eric takes a different approach.

Lean 74

Lean San Francisco Continuous Deployment DC 74

Up and Running

DECEMBER 6, 2012

Today, I want to introduce you to a new concept for starting and growing successful companies: Lean Planning™. Before I dive too deeply into the Lean Planning methodology, it makes sense to talk about its history and where it comes from. Lean Planning is born. Flesh out the specifics with more detailed planning (as necessary).

Lean 147

Lean Silicon Valley Forecast Technical Review 147

Steve Blank

NOVEMBER 7, 2016

Each team of three to five students is being asked not only to become an expert on these complex topics in 10 short weeks, but also to learn and apply Lean LaunchPad methodology to put forth a solution. The teams live and die by the Lean Startup credo: “There are no facts inside the building so get the hell outside.”

Lean 253

Lean Eritrea Libya Silicon Valley 253

Steve Blank

NOVEMBER 7, 2016

Each team of three to five students is being asked not only to become an expert on these complex topics in 10 short weeks, but also to learn and apply Lean LaunchPad methodology to put forth a solution. The teams live and die by the Lean Startup credo: “There are no facts inside the building so get the hell outside.”

Eritrea 253

Eritrea Lean Libya Silicon Valley 253

500hats.com

AUGUST 2, 2012

The major change Josh and his team recognized was that startup costs were dropping dramatically in post-crash early 2000s, and by investing in a larger # of smaller seed rounds at $250K-$1M, rather than fewer / later Series A rounds at $2-5M, they could capture more winners & success earlier in the funding lifecycle.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

A Smart Bear: Startups and Marketing for Geeks

JUNE 4, 2013

I love the Lean Startup movement because it demands introspection and honors data. It defines “progress” even in the ineffable mode that progress is achieved in the messiness that is early-stage startups, where it’s nigh-impossible to separate the paths of success and failure. So what’s the answer?

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Marketing Early Stage Lean Metrics 259