article thumbnail

Is the Lean Startup Dead?

Steve Blank

Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. First Movers” didn’t understand customer problems or the product features that solved those problems (what we now call product-market fit).

Lean 335
article thumbnail

29 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

I saw an opportunity to create a firm that would be significantly more prepared to compete in the LED lighting industry. By establishing a company dedicated to inventive and speedy product development, I am able to use cutting-edge technologies and consistently innovate faster than competitors. 2- Saw an opportunity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lessons Learned: Validated learning about customers

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. They are closing orders.

Customer 167
article thumbnail

5 Content Marketing Strategies for Niche B2B Industries

ConversionXL

They took a host of seemingly fragmented industry changes—customers demanding more from their vendors, customer relationships lasting years instead of days, competing businesses appearing virtually every day—and found the common thread that tied them together: more companies and customers were switching to subscriptions.

B2B 133
article thumbnail

25 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Prior to starting Ozmo both Ming and I worked in a design house creating new and better products. Throughout my five years of experience in product development, I realized that most of product launch failure could have been avoided by getting the product right earlier on, or understanding the limit of the maker.

article thumbnail

Top 57 Online Startups Meets Technology Meets Product Posts for November 2010

SoCal CTO

love to find great products and services made by entrepreneurs who are trying to change the world. Put likable, competent and passionate people on the front line. Competing To Win Deals - A VC : Venture Capital and Technology , November 7, 2010 The venture capital business is highly competitive. The Proof Is In The Revenue.

article thumbnail

The End of Innocence

Steve Blank

It was always a welcome change of pace to leave the brown of the unchanging desert and travel into town and have dinner with them and have a non-technical conversation about books, theater, politics, travel, etc. Too often people abandon their ethics because “hey the other guys is doing it, I have to to do it to compete.&#