Remove Audience Remove Customer Development Remove Lean Remove Venture Capital
article thumbnail

Is the Lean Startup Dead?

Steve Blank

It’s the antithesis of the Lean Startup. When Netscape went public, it unleashed a frenzy from the public markets for anything related to the internet and signaled to venture investors that there were massive returns to be made investing in anything internet related. The Rise of the Lean Startup. And it may work. IPOs dried up.

Lean 335
article thumbnail

Is the Lean Startup concept of MVP dead?

VC Cafe

“After the crash, venture capital was scarce to non-existent. ” Steve Blank, “Is the lean startup dead?” ” The Lean Startup movement started out of necessity. Ditch the business plan and when assumptions are proven wrong, pivot Customer Development: Build a product your customers want (vs.

Lean 214
Insiders

Sign Up for our Newsletter

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

article thumbnail

Convergent Technologies: War Story 1 – Selling with Sports Scores.

Steve Blank

The answer depends on your answer to two questions: which step in the Customer Development process are you on? Customer Development and Selling Strategy If you’ve just started your company you are in customer discovery. Hiring a VP of Sales in customer discovery typically sets a startup back.

article thumbnail

Lean Startups aren't Cheap Startups

Steve Blank

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. Over its lifetime a Lean Startup may spend less money than a traditional startup.

Lean 251
article thumbnail

SuperMac War Story 6: Building The Killer Team – Mission, Intent.

Steve Blank

We were constantly creating metrics to see the effects of different PR messages, channels and audiences on end-user purchases. I wanted our PR department to get close and personal with the press and use it to generate end user demand and then drive that demand into our sales channel. ( The same was true for the Product Marketing group.

article thumbnail

Customer Development is Not a Focus Group

Steve Blank

Customer Development is all about gathering a list of what features customers want by talking to them, surveying them, or running “focus groups.” Gathering feature requests from customers is not what marketing should be doing in a startup. And it’s certainly not Customer Development.

article thumbnail

Marching through quicksand

Startup Lessons Learned

We faced this same problem in entrepreneurship and venture capital, but we are getting past it. Seed-stage investors are learning the metrics of traction, and are getting better at identifying those companies that are really achieving validated learning about customers. What is the right revenue model? 12comments: Dougvs said.