Remove Burn Rate Remove Channel Remove Customer Development Remove Viral
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No Accounting For Startups

Steve Blank

As a founder you are testing a series of hypotheses about all the pieces of the business model: Who are the customers/users? What’s the distribution channel? An early indication that you’ve found the right business model is when you believe the cost of getting customers will be less than the revenues the customers will generate.

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Lessons Learned: Don't launch

Startup Lessons Learned

Again, its critical to focus your marketing launch on those publications, venues, and channels that your potential partners are paying attention to. Do some Customer Development instead. If the product needs to be tweaked just a little bit in order to convert users into customers, you want to figure that out before the launch.