Startup Professionals Musings

APRIL 2, 2012

After struggling to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will reach someone who is smart enough to see the brilliance of the idea, intuitive enough to recognize their business acumen, and enthusiastic enough to offer the money required to make it happen.

Elevator Pitch 244

Elevator Pitch Technical Review Business Plan .Net 244

Startup Professionals Musings

NOVEMBER 8, 2015

Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet. Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.”

Technical Review 120

Technical Review Angel Investor Business Plan Social Media 120

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 235

Business Model Product Advisory Board Angel Investor 235

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

Steve Blank

JULY 13, 2021

By the end of the 20th century, case studies and business plans had reached an evolutionary dead-end for entrepreneurs. The Rise of Business Schools – Management as an Occupation. The business school was invented in the first decade of the 20th century in response to a massive economic transformation in the U.S.

Lean 433

Lean Agile Business Model Business Plan 433

Startup Professionals Musings

APRIL 15, 2011

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 234

Business Model Advisory Board Startup Angel Investor 234

Steve Blank

JUNE 8, 2021

Unlike traditional demo days or Shark Tanks which are, “Here’s how smart I am, and isn’t this a great product, please give me money,” a Lessons Learned presentation tells the story of a team’s 10-week journey and hard-won learning and discovery. . – while simultaneously building a series of minimal viable products.

Lean 385

Lean Security Asia SBIR 385

Steve Blank

FEBRUARY 23, 2016

As we prepared for the new Hacking for Defense class at Stanford, we had to stop and ask ourselves: How do we use the Business Model Canvas if the primary goal is not to earn money, but to fulfill a mission? In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue?

Business Model 120

Business Model Revenue Channel Community 120

Up and Running

SEPTEMBER 14, 2021

When writing your business plan , consider that customer relationships begin the moment a consumer learns about your company. Each discussion should end with a clear next step with the potential customer, such as another call, a demo, or a training session. Build and define relationships. Show your value.

Sales 152

Sales Audience Social Media Email 152

Both Sides of the Table

OCTOBER 19, 2009

Well … I have had many late nights and I really didn’t contemplate writing many blog postings this month because I spent November in this interesting venture capital / fund raising dance involving lots of late night sessions reviewing legal documents, rewriting business plans and preparing for pitches. Page 4: Business Model.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Startup Professionals Musings

APRIL 5, 2010

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 120

Business Model Advisory Board Angel Investor Channel 120

Steve Blank

JUNE 12, 2020

Unlike traditional demo days or Shark Tanks which are, “here’s how smart I am, please give me money,” a Lessons Learned presentation tells the teams’ stories of a 10-week journey of hard-won learning and discovery. We just finished our 5th annual Hacking for Defense class at Stanford. What a year. It Started with an Idea.

Oakland 301

Oakland Asia Lean Video 301

Steve Blank

MAY 29, 2019

Steve Blank: When I first starting teaching, the capstone entrepreneurship class was how to write a business plan. But years ago, we had no alternative – how to write a business plan was it. My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.”

Incubator 331

Incubator Lean Programming Government 331

Duct Tape Marketing

APRIL 6, 2022

You know, could you look at my business plan? See if the business model works, all these questions. So if you're running a small business, usually what you're doing, if it's a consulting business or any type of business, you are doing something similar to what other people have done in the past.

San Francisco 97

San Francisco Technical Review Incubator Silicon Valley 97

Up and Running

MAY 4, 2015

You could include a brief product demo that shows off your technology, or more details about your smart and efficient business model that you might not otherwise have had time for. See Also What to Include in Your Pitch Deck. Advice from the trenches: Pitch to win. Jasmin Augustin of Swift Logistics, Inc.,

Technical Review 60

Technical Review Entrepreneur Software Review Houston 60

Steve Blank

DECEMBER 7, 2010

Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.). In contrast, startups search for a business model. (Or to optimize this search. to optimize this search.

Wiki 311

Wiki Lean Management Business Model 311

Steve Blank

JUNE 2, 2011

Reinventing the board meeting may allow venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Startups now understand what they should be doing in their early formative days is search for a business model. for a business model.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

www.forentrepreneurs.com

FEBRUARY 2, 2010

Business Model I would like to propose that in addition to team, product, and market, there is actually a fourth, equally important, core element of startups, which is the need for a viable business model. In the model above, this was set to 10 deals per year per team.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Startup Professionals Musings

AUGUST 27, 2012

Remember the goal is an overview presentation that will pique investor interest enough to ask for the business plan and a follow-on meeting, not close the deal on the spot. Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors. Business model.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Startup Professionals Musings

JUNE 10, 2011

Remember the goal is an overview presentation that will pique investor interest enough to ask for the business plan and a follow-on meeting, not close the deal on the spot. Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors. Business model.

Elevator Pitch 234

Elevator Pitch Exit Strategy Burn Rate Merger 234

Steve Blank

JUNE 7, 2019

Unlike traditional demo days or Shark Tanks which are “here’s how smart I am, please give me money,” a Lessons Learned presentation tells a story of a journey of hard-won learning and discovery. We just finished our 4th annual Hacking for Defense class at Stanford. It Started with an Idea. Team: IntelliSense.

Oakland 266

Oakland Lean SBIR Afghanistan 266

YoungUpstarts

JULY 1, 2019

All you need is a steady internet connection and a good demo account. Although this isn’t the easiest investment method out there, it is incredibly rewarding and can help you raise the necessary money to jumpstart your business. Besides, considering that it is entirely web-based, Forex trading is accessible to everybody.

Finance 127

Finance Angel Investor Offshore Equity 127

ReadWriteStart

DECEMBER 4, 2022

Kodak, for example, went from venerated, dominant business to almost nothing in just a few years because it refused to accept the revolution of digital photography. To take the best from both cultures and business plans and use those aspects to move into the future? But is there a way to integrate the two approaches?

Artificial Inteligence 175

Artificial Inteligence Agile Business Model Technology 175

Startup Professionals Musings

MAY 19, 2010

Remember the goal is an overview presentation that will pique investor interest enough to ask for the business plan and a follow-on meeting, not close the deal on the spot. Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors. Business model.

Elevator Pitch 235

Elevator Pitch Exit Strategy Burn Rate Merger 235

Steve Blank

JULY 28, 2011

From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory – income statements, balance sheets, business plans, revenue models, 5-year forecasts, etc. And they’ll do this using the business model / customer development / agile development solution stack.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

Steve Blank

DECEMBER 7, 2009

Our business model changed as we realized that to become a large company, we needed to automate more than just a few marketers. We had validated our new assumptions by a set of orders, and we had pivoted on our business model. Our original idea had been nothing more than an untested set of hypotheses.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Steve Blank

MARCH 25, 2011

Week 3 of the class and our teams in our Stanford Lean LaunchPad class were hard at work using Customer Development to get out of the classroom and test the first key hypotheses of their business model: The Value Proposition. Filed under: Business Model versus Business Plan , Customer Development , Lean LaunchPad , Teaching.

Cloud 228

Cloud Intellectual Property Lean Customer Development 228

Gust

AUGUST 19, 2012

Remember the goal is an overview presentation that will pique investor interest enough to ask for the business plan and a follow-on meeting, not close the deal on the spot. Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors. Business model.

Elevator Pitch 146

Elevator Pitch Exit Strategy Burn Rate Merger 146

Business Plan Blog

DECEMBER 31, 2013

Business model and financials investment requirement. Do I need to bring my product or demo? Your product or demo should be shown when you explain the problem and start explaining the solution. More often than not, you will not be making money as projected in your first business model. Competition.

Angel Investor 51

Angel Investor Cofounder Distribution Seed Capital 51

Professor VC

DECEMBER 18, 2008

Many entrepreneurial programs feature a business plan competition, which is a great exercise. At SJSU, we also have a business plan competition in the spring, which ideally allows the students to build a viable business model around their NIF projects. Are DEMO's days numbered? ► 2010. (7).

San Jose 28

San Jose Silicon Valley Technical Review Angel Investor 28

ReadWriteStart

AUGUST 1, 2011

From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory - income statements, balance sheets, business plans, revenue models - seems like another planet. And they'll do this using the business model-customer development-agile development solution stack.

Silicon Valley 118

Silicon Valley Intellectual Property Balance Sheet Lean 118

Professor VC

MAY 29, 2008

An entrepreneur will pitch their business plan to what they think is a group of angel investors and will get a number of follow-up calls afterwards, but they are pitches for services not investment interest. Are DEMO's days numbered? I think this sentiment has given angel groups a bad name. How Much Diligence is Due.

Angel Investor 28

Angel Investor Angel Groups Accredited Investor San Jose 28

Gust

DECEMBER 27, 2012

You should know EVERYTHING about your business, product, customers and competition. You should have a crystal clear understanding of your business model and your financials. Blindly sending your business plan to every single angel and VC in the world will have zero effect, and simply clogs the system while annoying everyone.

Software Review 164

Software Review Term Sheet Technical Review Angel Investor 164

Steve Blank

NOVEMBER 5, 2009

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Entrepreneurs put together their funding presentation by extracting the key ideas from their business plan, putting them on PowerPoint/Keynote and pitching the company – until they get funded or exhausted.

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

David Teten

JULY 12, 2013

E nter into business plan competitions. For an exhaustive list of business plan competitions, check out MIT Global Startup Workshop’s list. Of course, keep in mind that business plans are a very poor predictor of a successful business. See the section on “Selective Programs”.

PR 114

PR Public Relations Startup Technical Review 114

blog.captainrecruiter.com

MARCH 8, 2012

After a few months, the demo site won a business plan competition. Im trying to create a technology enabled recruiting service for an unproven business model. Even though the business is making money now, its still a big risk for anyone involved. UPDATE: I have to link to this article by Joshua Volz.

Cofounder 40

Cofounder Technical Cofounder Founder Software Engineering 40

Professor VC

AUGUST 26, 2011

To that last one, there is certainly some truth as the standard time vs. revenue chart in most business plans looks like this: Im not teaching Entrepreneurial Finance this semester for the first time since Fall 2007. Is the model consistent with the business plan? Does the business model make sense?

Silicon Valley 35

Silicon Valley San Jose Hockey Stick Venture Capital 35