Remove Bootstrapping Remove Business Model Remove Customer Development Remove Engineer
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Pricing determines your business

A Smart Bear: Startups and Marketing for Geeks

It’s often said that you shouldn’t talk about price during customer development interviews. Your product is designed with natural tripwires to trigger other pricing ( Freemium model ), or not (business model left as an exercise to your future self). Even bootstrapped businesses can make this work (e.g.

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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

But all that investment in growth and sales force didn’t have a long-term payback, and the actual value of the product to small businesses wasn’t as high as claimed, even though the simplest of customer development reveals this fact (ask any restauranteur).

IPO 240
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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.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) This is an incredible skill, one that most engineers overlook. dave - glad somebody noticed.

Customer 167
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It's a startup, not a spreadsheet

Startup Lessons Learned

I think this idea is particularly appealing to those of us from an engineering background. 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. The solution is to change our focus from outputs to inputs.

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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.

Lean 167
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Smart Bear Live 8: Edwin from MeetingKing.com

A Smart Bear: Startups and Marketing for Geeks

They have many, many man-years of development and customer development in them. Edwin: Oh sorry, so the business model. Edwin: The business model is that the organizer has to pay. I think another thing you wanted to talk about was the whole keep bootstrapping or raise money question.

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Introducing the Lean Startup Cohort subscription program

Startup Lessons Learned

In particular, we would cover customer development, continuous deployment, minimum viable product, and actionable metrics. I continue to work on additional programs and products for bootstrapped and angel-backed startups, as well as for enterprise and future entrepreneurs. I love the business model. Great idea.

Lean 102