Remove Burn Rate Remove Business Model Remove Partner Remove Revenue
article thumbnail

Is the Lean Startup Dead?

Steve Blank

Since NewTV won’t be making the content, they will be licensing from and partnering with traditional entertainment producers. NewTV will depend on partners like telcos to distribute the content. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. IPOs dried up.

Lean 335
article thumbnail

Crisis Management by Firing Executives – There’s A Better Way

Steve Blank

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) The Revenue Plan – The Third Fatal Assumption. Notice that the traditional product introduction model leads to a product launch and the execution of a revenue plan. that make up a business model.

Burn Rate 247
Insiders

Sign Up for our Newsletter

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

article thumbnail

No Accounting For Startups

Steve Blank

Startups that are searching for a business model need to keep score differently than large companies that are executing a known business model. Yet most entrepreneurs and their VC’s make startups use financial models and spreadsheets that actually hinder their success. Managing the Business. Here’s why.

article thumbnail

10 Incentives For Entrepreneurs To Bootstrap Their Startup

Startup Professionals Musings

At least wait until later, when you ready to scale, and have some “leverage” based on a proven business model, some real customers, and real revenue. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

article thumbnail

Vision versus Hallucination – Founders and Pivots

Steve Blank

Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. ” “A pivot is a substantive change to one or more of components to your business model.

Founder 316
article thumbnail

Adding Slides Does Not Enhance Your Investor Pitch

Startup Professionals Musings

Investors like $1B markets with double-digit growth rates. Business model. In this section, you need to be passionate about recurring revenue, profit margin, and volume growth. Marketing, sales, and partners. Project both revenues and expense totals for next five years, and past three years.

article thumbnail

10 Reasons for a Startup to Skip Outside Investors

Startup Professionals Musings

At least wait until later, when you ready to scale, and have some “leverage” based on a proven business model, some real customers, and real revenue. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

Startup 264