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From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Then, consider how you’ll reach your customers and what kind of relationship you want to build with them. Revenue streams are another critical component of your business model.

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Raising Money Using Customer Development

Steve Blank

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Are there customers for what you are building? How many are there?

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Lessons Learned: Validated learning about customers

Startup Lessons Learned

What matters is proving the viability of the company’s business model, what investors call “traction.&# But in the meantime, by iterating on their product with customers, they have a chance to get there on their own. Labels: agile , customer development 15comments: Scott Shapiro said.

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Entrepreneurs are Everywhere Show No. 36: Jim Semick and Peter Arvai

Steve Blank

Jim lectures at University of California Santa Barbara and elsewhere on the process of discovering successful business models. Again, remember, everyone was losing their job, no one was willing to invest and so we had to bootstrap Prezi in the beginning. Filed under: Customer Development , SiriusXM Radio Show.

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It's a startup, not a spreadsheet

Startup Lessons Learned

One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. For example, say that your business model calls for a 4% conversion rate – as ours did initially at IMVU.

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Entrepreneurs are Everywhere Show No. 38: Ryan Smith and Lane Merrifield

Steve Blank

No MBA business model would ever come out with, “Hey we’re going to go target the academics.” Everyone comes up now — the VCs, the market – and they say, “Hey wow, that was a beautiful business model. We bootstrapped it. Filed under: Customer Development , SiriusXM Radio Show.

Cofounder 146
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Four myths about the Lean Startup

Startup Lessons Learned

Myth: Lean Startups are small bootstrapped startups. What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated. Myth: Lean Startups replace vision with data or customer feedback.

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