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Build Predictable Startup Models by Forming an Agency

ReadWriteStart

But I recommend entrepreneurs and prospective business builders consider the Agency Builder model. So an entrepreneur forming a startup studio benefits from having experience in the industry sector they hope to serve. Following the digital agency model for a startup, studio offers significant advantages to entrepreneurs.

Incubator 188
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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 162
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25 Entrepreneurs Explain Their Major Accomplishments in 2019

Hearpreneur

In the last few days of 2019, we took some time to ask a few entrepreneurs and business what their biggest business accomplishments were. #1- The end of every year is the opportunity reflect on a 365-day journey. 2019 may have been a bad year for some and to others, it was a great year. Many businesses were launched and others were closed.

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Can You Trust Any vc's Under 40?

Steve Blank

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

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Ardent War Story 5: The Best Marketers Are Engineers

Steve Blank

Other advisors provided marketing with industry-specific advice in our initial vertical markets (computational fluid dynamics, computational chemistry, finite element analysis, and petroleum engineering). Some of these advisors from the academic community would work with our of VP of Engineering and help us solve specific technical problems.

Engineer 221
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supermac War Story 1: Joining supermac

Steve Blank

Now with a new infusion of $8 million dollars of venture capital, SuperMac had been resurrected from the dead and was attempting to restart. Yet two smart VC firms, Sigma and Matrix Partners, realized that somewhere in this mess there was value. Their guess was that they would find value in the high margin graphics business.

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Out of the Ashes - Something Isn't Quite Right

Steve Blank

I was consulting for the two venture capital firms who between them put $12 million into my last failed startup. (My Yet when I talked to my venture capital friends, they said, “Well, that’s just how startups work. My mother kept asking if they were going to make me pay the money back.