Steve Blank

MARCH 17, 2020

The ripple and feedback effect of all of these closures will have a major impact on our economy, as each industry that gets impacted puts people out of work, and those laid off workers don’t buy products and services. It’s no longer business as usual for the rest of the economy. But next the question is, ‘What happens to my business?”.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Steve Blank

MARCH 31, 2014

I’m honored to be at a university noted for knowledge, and in a city with 2000 years of history – home of Gaudí one of the 20 th century’s greatest innovators. The first will be commodity businesses that are valued for their ability to execute their current business model. Thank you for the kind introduction.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

JUNE 3, 2010

They start with an innovation, search for a repeatable business model, build the infrastructure for a company, then grow by efficiently executing the model. outpace an existing company’s business model. You want to start executing the business model. Companies have a fairly predictable life cycle.

Search 242

Search Agile Customer Development Technical Review 242

A Smart Bear: Startups and Marketing for Geeks

JANUARY 13, 2015

Often your best estimate of any metric or market behavior or business model component is at best accurate within a power of ten, for example “expected conversion rate between 0.5% Their product has a few usage tiers; on average a customer spends $50/mo. Early in a company’s life, you don’t know anything.

Business Model 120

Business Model Affiliate Startup Bootstrapping 120

YoungUpstarts

OCTOBER 5, 2017

There’s a lot you can say about the cohort born between 1982 and 2000. While chatting about a new product with a friend in person can carry some weight, sharing that same feedback with one’s social networks or online reviews can have much more significant impact for a brand. They share constantly. Kill clichés. Men do laundry.

Marketing 150

Marketing eCommerce Technical Review Social Media 150

TechEmpower

FEBRUARY 13, 2013

Our business model nudges us slightly toward the sound, safe (stodgy?) We work with clients to get them off the ground with a platform to build their business. As the technical partner, we want to be real partners in the business-making sure the technology helps achieve the business objectives. Think of the money!

Guinea 200

Guinea Application Development Ruby Web Development 200

YoungUpstarts

AUGUST 6, 2012

Dysonics secured $750,000 in funding from angel investors to develop products that will reproduce three-dimensional, immersive sound in headphones. Through NYC ACRE, NYU-Poly builds clean tech and renewable energy companies, sharing resources for physical and virtual tenants, while offering guidance and business assistance.

Incubator 202

Incubator New York City Boston Intellectual Property 202

Start Up Blog

DECEMBER 31, 2018

The thing I found most compelling is how hackable the human mind can be when an organisation is selling ‘hope’ instead of an actual product. The ironic thing about these MLMs is that the philosophy they sell is all true (in relation to business success), but the business model they attach to it is a total fraud.

Software Review 48

Software Review Technical Review Artificial Inteligence Software 48

ReadWriteStart

DECEMBER 22, 2011

1000-2000 (~$20-$40) per month to access advanced workflow logistics and intelligence in the area of software testing and productivity improvement. Anand Agarwal from Pune, India, pitched BootStrapToday , an Application Lifecycle Management (ALM) SaaS solution from his company Sensible Softwares. Sponsor.

Business Model 116

Business Model India Entrepreneur Software 116

Version One Ventures

OCTOBER 15, 2020

Up until late August, Lightning Labs had capped the channel capacity and payment size for users of their popular implementation of the network to ~$2000 USD and ~$500 respectively to better protect user funds with experimental software. . 3) Exchanges + HFTs. synthetic stocks or futures) and prediction markets.

Networking 168

Networking Global OTC Security 168

The Startup Magazine

SEPTEMBER 2, 2021

In 2021, the startup landscape looks much different than it did in 2000. Traditional business models have changed as globalization takes hold on a global scale, and technology changes our lives day by day. Increased Productivity. For starters, there are more startups. What’s behind this boom?

Startup 127

Startup Social Media Global Incubator 127

ReadWriteStart

MAY 28, 2013

For years, HBR and most of the country’s leading business schools taught entrepreneurship as if the strategies, processes and techniques were some sort of amputated versions of the business models embraced by “real companies.” Big businesses, Blank said, became so “focused on execution, they forgot how to innovate.”.

Lean 60

Lean Startup Technical Review Business Model 60

ConversionXL

MARCH 19, 2020

The best drivers apply the brakes just ahead of the curve (they take out excess costs), turn hard toward the apex of the curve (identify the short list of projects that will form the next business model), and accelerate hard out of the curve (spend and hire before markets have rebounded). Image source ). Where do your consumers fall?

Marketing 121

Marketing Campaign Non-Compete Lean 121

Steve Blank

MARCH 18, 2011

The Golden Age (1970 – 1995): Build a growing business with a consistently profitable track record (after at least 5 quarters,) and go public when it’s time. Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability.

Internet 334

Internet IPO Silicon Valley Agile 334

Both Sides of the Table

JUNE 22, 2011

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. In addition to FOMO it is partly driven by massive increase in valuations for earlier-stage companies who raised money at bit seed prices but who still have product risk.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

K9 Ventures

SEPTEMBER 8, 2015

2) New market (less common form, examples are Lyft and eShares) and 3) New business model (least common, non-K9 portfolio examples are PriceLine and SolarCity). Technical founders, or founders who are capable of building their own product, with at least one founder who is capable of leading and building the team.

San Francisco 48

San Francisco Early Stage Portfolio Software Engineering 48

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. There was no viral social networking products back then like Twitter where people could easily discover your content. We started building the product 18 months ago so we are in better shape than 99% of start-ups. Consumer approach to software for business users.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

YoungUpstarts

DECEMBER 5, 2013

Or this: “Apple doesn’t do loyalty because they produce outrageously awesome products.” If you own an Apple product, you know what I’m talking about. Add in sponsorships with payment brands (kind of like the co-branded credit card business model) to eliminate remaining costs and fund additional word of mouth advertising.

Programming 150

Programming Turkey Social Media Redemption 150

Startup Professionals Musings

DECEMBER 27, 2014

Institutional venture capital dispensed thus far in 2014 has been up significantly over the last few years, but is still less than half of the peak hit way back in the year 2000 (over $100 billion). The investment model is changing from hard selection to “spray and pray.” The cost of entry for tech startups continues to go down.

Angel Investor 260

Angel Investor Silicon Valley Startup Portfolio 260

YoungUpstarts

AUGUST 16, 2019

But there’s a huge difference between a small, traditional company and the digitally native powerhouses we consider models of this digital age. The key is looking at your own business — and finding the business model that fits — to chart the best course. And then in the middle 2000’s Domino’s began a sharp decline.

Philippines 124

Philippines Business Model Engineer Operations 124

Reid Hoffman

MARCH 19, 2019

Finally, and importantly, society is better off because Amazon makes the system for distributing books (and other products) vastly more productive, freeing up resources for other value-creating investments. Microsoft and Apple believed that microprocessors would allow consumers to have their own computers.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

SVPG

SEPTEMBER 30, 2016

Article: Behind Every Great Product. I titled the paper, “Behind Every Great Product” and it was inspired by the classic Good Product Manager / Bad Product Manager by Ben Horowitz. The paper proved popular and helped many teams to get a better understanding of just what product was all about.

Product 60

Product Technical Review Software Review Engineer 60

Startup Professionals Musings

AUGUST 21, 2011

People and operational excellence have to converge in every business, large or small. Microsoft found this out last year when their market capitalization, once at $560 billion in the year 2000, had fallen to $219 billion, allowing them to be passed by Apple at $222 billion, who grew from $15.6 billion during the same period.

Architecture 250

Architecture Startup Operations Metrics 250

Eric Friedman

JANUARY 4, 2017

I take a positive approach which is; how can this business model affect small startups entering this space, and what can we learn from building businesses this way? Can a locked in monthly SaaS fee cover the business model needs of a new startup to compete with a large hardware co? Time will tell.

Non-Compete 74

Non-Compete Business Model Green Revenue 74

www.usatoday.com

JULY 16, 2012

Products Home. Americas new business model: Sharing. The dot-com boom of early 2000 saw a proliferation of similar anything-at-your-service start-ups. Weve had some awesome people come through," says Kim Gardner, an associate product manager at Flavorpill. Americas new business model: Sharing.

San Francisco 105

San Francisco Technical Review Zimbabwe New York City 105

Steve Blank

OCTOBER 3, 2016

Prior to starting ThoughtSpot, Ajeet was co-founder and Chief Products Officer at Nutanix , an enterprise data storage industry. Ajeet learned the ropes of enterprise startups at Aster Data Systems , where he was Senior Director of Product Management. You may be in the wrong product at first.

Cofounder 274

Cofounder Silicon Valley Entrepreneur EC2 274

Steve Blank

OCTOBER 3, 2016

Prior to starting ThoughtSpot, Ajeet was co-founder and Chief Products Officer at Nutanix , an enterprise data storage industry. Ajeet learned the ropes of enterprise startups at Aster Data Systems , where he was Senior Director of Product Management. You may be in the wrong product at first.

Cofounder 274

Cofounder Silicon Valley Entrepreneur EC2 274

Steve Blank

APRIL 15, 2011

This week they were testing one of the most confusing sections of a company’s business model – Customer Relationships - the activities used to “Get, Keep and Grow” customers in a physical or virtual (web or mobile) channel. For some of the teams their expectation was if they built the product customers will come.

Customer 247

Customer Cloud EC2 Channel 247

Steve Blank

OCTOBER 4, 2010

3] In their analysis Golder and Tellis found almost half of the market pioneers (First Movers) in their sample of 500 brands in 50 product categories failed. Product Pioneer. First to have a working model. First to sell the product. Even worse, the survivors’ mean market share was lower than found in other studies.

Silicon Valley 317

Silicon Valley Differentiation United States Customer Development 317

Ben's Blog

DECEMBER 13, 2010

Rather than integrating systems directly, all versions of all products integrate to a canonical format (Memphis for those of you following the metaphor), reducing the number of total integrations from n 2 to 2n-1. Today, only 8 months after launch, the SnapStore has 63 supported snaps representing around 2000 integrations.

Technical Review 77

Technical Review Memphis Software Review Software 77

Austin Startup

AUGUST 20, 2017

You want to see your product or service performing in the hands of real users. Your business works as intended if you can attract customers that fit into the context of your operation. Do they perceive enough value to pay prices that create for you a profit margin that matches your business model?

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Both Sides of the Table

MAY 23, 2012

In 1998 there were around 850 VC funds and by 2000 there were 2,300. By 2000 the total LP commitments had mushroomed to more than $100 billion. Try charging customers for your product when you have 12 competitors giving the product away free finances by $20 million of VC. The Funding Problem. The Exit Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Duct Tape Marketing

NOVEMBER 9, 2017

John Jantsch: So Teach and Grow Rich, for those that are not familiar with it, really was the kind of the idea of introducing courses, and teaching, and educating, and info products, I guess, which have been with us for years really. This is a great business model. John Jantsch: So what’s changed, Danny? All really good.”

Bandwidth 36

Bandwidth Cost Audience Video 36

Seeing Both Sides

JULY 11, 2013

In every start-up, finding initial product-market fit is a magical moment. You dive deep into a customer development process, working closely with a few customers who feed you requirements and are willing to trial an imperfect product that is evolving quickly. a "jungle" stage company would have a lower quota than a "highway" company).

Sales 50

Sales Technical Review Software Review B2B 50

The Startup Magazine

SEPTEMBER 17, 2023

Therefore, in recent times, there has been a growing emergence of revolutionary services and products capable of mitigating the adverse consequences for the climate and humanity. Founded in 2000, by 2010, the company’s fleet already had 8,000 cars. Carpooling is one such corporate mobility service.

Software Review 139

Software Review Software Mobile Technical Review 139

The Equity Kicker

FEBRUARY 11, 2013

Then there’s a crash, followed by a recovery and then a long period of productive growth as the new technology is “deployed” throughout other industries as well as society more broadly. Eventually the revolution runs its course and a new technological revolution begins.

Internet 137

Internet eCommerce Stock Search 137

thebarefootvc

JANUARY 15, 2020

acquisition of Plaid by Visa, in a highly competitive deal, shows how even the largest incumbents are feeling pressure to innovate and need to think outside of their current business models. The recently announced $5.3B ” In 2016 I gave the closing keynote, entitled Fintech 2020, at a fintech summit in Bogota.

Disintermediation 69

Disintermediation Aggregator China API 69