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The LeanLaunch Pad at Stanford – Class 6: Channel Hypotheses

Steve Blank

The Stanford Lean LaunchPad class was an experiment with a new model of teaching startup entrepreneurship. Virtual channels include Dedicated e-commerce, Two-step e-distribution and Aggregators. They found that sales to this channel would require a demonstration, and that dealers would have to demo the robotic weeders to the customers.

Channel 215
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Is This Startup Ready For Investment?

Steve Blank

However, accelerator Demo Days are a combination of graduation ceremony and pitch contest, with the uncomfortable feel of a swimsuit competition. Other than “I’ll know it when I see it”, there’s no formal way for an investor attending Demo Day to assess project maturity or quantify risks.

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What is CRM? Customer Relationship Management Explained

Up and Running

This typically involves a CRM system or tool that helps automate and aggregate various customer touchpoints. This may be something simple like a test instance of the software or as hands-on as a live demo session. It helps remove some of the busy work so that you and your team can focus on relationships.

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Using Cohort Analysis for Conversion Optimization

ConversionXL

In Lean Analytics , Alistair Croll and Benjamin Yoskovitz gave a great example of the value of cohorts, using data from a hypothetical online retailer: January. So by segmenting your data, you can learn things you couldn’t from the aggregate data. Customers that converted in the last year that originally reached out for a demo.

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It’s Time to Play Moneyball: The Investment Readiness Level

Steve Blank

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. A Lean Startup methodology offers entrepreneurs a framework to focus on what’s important: Business Model Discovery.

Oakland 326
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Hacking for Diplomacy @ Stanford –What We Learned With the State Department

Steve Blank

We just held our final week of the Hacking for Diplomacy class, teaching students entrepreneurship and “Lean Startup” principles while they engaged in national public service applying advanced technologies to solve global challenges. Lessons Learned – Not a Demo Day. Getting Lean. Hacking for Diplomacy student.

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Hacking for Diplomacy @ Stanford –What We Learned With the State Department

Steve Blank

We just held our final week of the Hacking for Diplomacy class, teaching students entrepreneurship and “Lean Startup” principles while they engaged in national public service applying advanced technologies to solve global challenges. Lessons Learned – Not a Demo Day. Getting Lean. Hacking for Diplomacy student.