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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. And they rolled all of this up into a set of financial forecasts with a “size of market” forecast from brand name management consulting firms that said they’d have 42 million customers by 2002. It was a technical tour de force.

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Durant Versus Sloan – Part 1

Steve Blank

Where are the charitable foundations, business schools and hospitals named after him? Durant Versus Sloan – Part 1 « Steve Blank steveblank.com/2009/10/01/durant-versus-sloan-part-1 – view page – cached + Customer Development Manifesto: The Path of Warriors and Winners (part 5) + Can You Trust Any VC’s Under 40?

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supermac War Story 7: Rabbits Out of the Hat - Product Line Extensions

Steve Blank

The results spoke for themselves: Not one black-market board ever appeared, and the press was satisfied with our “customer value and product family” explanation. In three and a half years SuperMac’s market share went from 11% to 68%, as we went from bankruptcy to $150 million in sales.

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Piercing the Corporate Veil of Sweat Equity

grasshopperherder.com

All names redacted.). It’s often made worse because some clever people like to name the corporations very similarly. The “name every corporate shell almost the same thing” is an incredibly common convention that makes just talking through the equity split confusing. Name (required). Valuations.