The Startup Magazine

OCTOBER 25, 2017

Entrepreneurs who’ve overcome the proof-of-concept phase of their startups want to take their businesses to the next level. Within the entrepreneurship ecosystem, “scaleup” challenges differ from startup challenges and demand unique solutions. All communities and their startups face the scaleup challenge.

Miami 61

Miami Technical Review Software Review Artificial Inteligence 61

Startup Professionals Musings

APRIL 15, 2011

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 234

Business Model Advisory Board Startup Angel Investor 234

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

Startup Professionals Musings

MAY 22, 2010

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. A great business often starts with one person, but it doesn’t end there. Build qualified advisory board. Get a real customer and real revenue. Only real results count. Become a visible expert.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Steve Blank

MAY 19, 2015

Startups focus on speed since they are burning cash every day as they search for product/market fit. While technical debt is an understood problem, it turns out startups also accrue another kind of debt – one that can kill the company even quicker – organizational debt. And Tom wasn’t going to get it from his board.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

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

The Startup Magazine

MAY 28, 2019

They see it as a tool to drive their business instead of sharing their revenues with us.’. We’ve learned that our product solves a problem occurring in hundreds of cities in the world and scalability is key for us’ Overcoming tough App revenue challenges. Embargo has just started generating revenues from two streams.

Advisory Board 91

Advisory Board Angel Investor Startup Cofounder 91

Startup Professionals Musings

APRIL 5, 2010

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 120

Business Model Advisory Board Angel Investor Channel 120

Startup Professionals Musings

FEBRUARY 13, 2016

Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. What is the business problem you are solving? How does your business model make money?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

The Startup Magazine

JUNE 19, 2018

Earlier this year at the FUND Conference in Austin, Texas, over 100 startups presented their early-stage companies in front of hundreds of investors and industry leaders. The startups ranked most highly by investors and startup enthusiasts in terms of scalability and longevity received votes on how well they connected with investors.

Texas 74

Texas Advisory Board Startup Angel Investor 74

YoungUpstarts

JUNE 7, 2017

by Patrick Henry, author of “ Plan Commit Win: 90 Days to Creating a Fundable Startup “ What makes one idea good, and another one bad, from a business perspective? In creating a successful business, it is important that you assess your business idea in terms of its ability to make money.

Advisory Board 138

Advisory Board Revenue Vertical Business Model 138

Up and Running

AUGUST 30, 2017

You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What is your business model? How will you grow?

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

Steve Blank

FEBRUARY 12, 2015

Over breakfast he got me up to date on his life since school (two non-CEO roles in startups,) but he wanted to talk about his third startup – the one he and two co-founders had started. We’re at 70 people, and we’ll do $40 million in revenue this year and should get to cash flow breakeven this quarter. ”

Startup 120

Startup Lean Venture Capital Advisory Board 120

Steve Blank

AUGUST 27, 2012

Knowing how to sort between vision and hallucination can avoid chaos inside your startup. Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. he’d declare. “We

Founder 316

Founder Cofounder Advisory Board Burn Rate 316

Startup Professionals Musings

AUGUST 13, 2012

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Steve Blank

JUNE 15, 2010

The role of a founding CEO in a startup searching for a business model is radically different than a CEO building and growing a company. So if you’re the founder of a startup, you may want to consider who you take money from. What startup stage do they typically invest in? What Startup Stage Do they Invest In?

Founder 231

Founder Vesting Later Stage Early Stage 231

Startup Professionals Musings

MAY 13, 2011

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

OCTOBER 17, 2018

What is the definition of traction for a business startup today? 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.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

Startup Professionals Musings

APRIL 22, 2010

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Steve Blank

JUNE 22, 2009

Army Signal Corps advisory board, and the Army was going to acquire their first computer for research. We Changed Our Mind In 1966, 10 years after Hewlett’s memo, Hewlett Packard’s revenue and headcount had grown ten fold; $200 million and 11,000 employees – all from test and measurement equipment.

Silicon Valley 164

Silicon Valley RSS California Agile 164

betashop.com

OCTOBER 8, 2012

This past week while I was in Tokyo for meetings with potential partners for Fab, I was invited to participate in a panel discussion on startups. But, you can iterate and iterate on features, but you cannot iterate your way to a business model. There’s no time to dicker around at a startup. Startups are hard work.

Technical Review 108

Technical Review Technology Software Review Valuation 108

ReadWriteStart

JUNE 20, 2012

Editor's note : This is the second in a two-part excerpt from the book The Startup Owner’s Manual , a step-by-step how-to guide for entrepreneurs. In this excerpt, authors Steve Blank and Bob Dorf continue to explain the Customer Discovery Philosophy (see Part One, " Is Your Startup a Valid Vision or Just a Hallucination? ").

Customer 119

Customer Advisory Board Engineer Cofounder 119

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. I also recommend students keep a personal journal for mind-mapping and brainstorming business ideas.

Delaware 297

Delaware Lean Entrepreneur Advisory Board 297

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. I also recommend students keep a personal journal for mind-mapping and brainstorming business ideas.

Delaware 189

Delaware Lean Entrepreneur Advisory Board 189

Hearpreneur

OCTOBER 20, 2019

Often entrepreneurs and business owners create their daily, weekly, quartely or yearly goals around their business. It could be more revenue, hiring clients or launching a new product or service, where setting goals presents a fresh opportunity to achieve different objectives. Thanks to Robert Stolk, Pointer Brand Protection !

Papua New Guinea 66

Papua New Guinea Hawaii Advisory Board Churn Rate 66

Austin Startup

MAY 29, 2019

As I mentioned at the beginning of this series/ebook, over the years I’ve noticed that I tend to frequently share certain Lucky7 posts with entrepreneurs we’ve backed , team members at data.world, or other startup investors I know. In totality, these posts are at least as long as most business books. hope, and hope is not a strategy.

Networking 48

Networking Fractional CTO CTO Hire B2C 48