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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

You may have heard that venture capitalists in Silicon Valley no longer read business plans. Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. The best way to do this is to reference actual data from a recent similar startup success.

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Raising Money Using Customer Development

Steve Blank

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. The goal of their startup in this stage becomes “getting funded.”

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“Lessons Learned” – A New Type of Venture Capital Pitch

Steve Blank

But Cafepress’s most memorable moment was when the founders used a “Lessons Learned” VC pitch to raise their second round of funding and got an 8-digit term sheet that same afternoon. The presentation didn’t have a single word about Lean Startups or Customer Development.

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The secret behind products that ‘magically’ sell themselves

The Next Web

Marketing is often treated as a bad word in Silicon Valley. Pitch the hell out of it, to friends and family, angels, journalists, random people you meet on the streets, and just about anyone who will lend you an ear. Because as you pitch it, you’ll start to see patterns in people’s responses to the idea. Do they smile?

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1001 Serial Articles for Entrepreneurs & Startups

Startup Professionals Musings

As of today, I will have published an article here for entrepreneurs and startups every day for the last 1001 days, since I started Startup Professionals Musings near the close of 2008. Finding funding for startups is a tough process. Every entrepreneur should work first on his elevator pitch.

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Twitter Link Roundup #146 – Small Business, Social Media, Design, Copywriting, Marketing And More

crowdSPRING Blog

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! 6 reasons your startup pitch stinks and how to fix it – [link]. Good reminder about the mechanics of a solid elevator pitch … Pyramid Pitching – [link].

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7 Plan Elements That Separate Businesses From Hobbies

Startup Professionals Musings

Don’t believe that Silicon Valley myth that all you have to do is sketch your idea on the back of a napkin, and investors will line up to give you money. This is your elevator pitch hook, which you must be able to deliver in 30 seconds. No more pain of phone shutdown in the middle of a call.”