Startup Professionals Musings

OCTOBER 17, 2018

This can happen through early marketing, independent of whether you have yet delivered a single product, proven your business model, or have any real customers. Assemble a credible inside advisory board and partners. Show validation data for business model key elements.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

Steve Blank

NOVEMBER 16, 2009

Eric Ries in Times Square For any model to be useful it has to predict what happens in the real world – including the web. I realized the Customer Development model needs to be clearer in what exactly a startup is supposed to do, regardless of the business model. “What is the “Business Model” of your startup?&#

Customer Development 219

Customer Development Web Developer Customer 219

Austin Startup

MARCH 2, 2019

Both Bazaarvoice and Coremetrics started from scratch, and I’ve also angel-backed companies recently that have started from scratch, like Compare Metrics , where I serve as the Chairman of the Board (note that Compare Metrics also recently completed their Series A with Austin Ventures as the lead).

Advisory Board 51

Advisory Board Cofounder Greece Bootstrapping 51

Startup Professionals Musings

JUNE 22, 2016

According to most experts , business traction is evidence that somebody really wants your product. It’s business momentum, independent of whether you have a product delivered, proven the business model, or significantly penetrated the opportunity. Build an inside advisory board of influencers and experts.

Metrics 143

Metrics Advisory Board Startup Lean 143

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Typical business stage. An already proven business model and its already valuable assets. Typical business model. Yes, typically preferred equity. 15-20% sold per round. Volatile, uncapped.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Steve Blank

JULY 29, 2013

(However, in some industries such as life sciences, founders may be tenured professors who are not going to give up their faculty positions, so they often become the head of a startup’s scientific advisory board, but aren’t part of the founding team.). A couple of caveats about founders with “ideas.”

Cofounder 335

Cofounder Advisory Board Customer Development Leadership 335

Up and Running

JUNE 16, 2014

Make no mistake, you will need to have a business model or a business plan that shows just where you sit in relation to your competitors. To demonstrate traction you might recruit a good management team, start making sales, build an advisory board or secure strategic partnerships. What makes you a game-changer?

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91