YoungUpstarts

APRIL 7, 2016

The rub is that a startup likely has the ideas to take it straight to the top, but it’s also likely that the company lacks the business skills to make it truly successful. A talented group of specialists including engineers, designers, financial analysts, and lawyers are assigned to develop various facets of the company’s framework.

Seed Stage 100

Seed Stage Silicon Valley Incubator Asia 100

Steve Blank

APRIL 14, 2013

business models. And while startups and entrepreneurship courses are now being added to the curriculum, “How to write a business plan” seems to be the state of the art. Though they’re familiar with technology in the valley, I picked up some important cultural difference from students and startup engineers I talked to.

China 327

China Silicon Valley Non-Compete Intellectual Property 327

Steve Blank

MARCH 5, 2012

One of the confusing things to entrepreneurs, investors and educators is the relationship between customer development and business model design and business planning and execution. When does a new venture focus on customer development and business models ? Here’s an attempt to put this all in context.

Search 324

Search Business Model Customer Development Agile 324

Steve Blank

APRIL 14, 2013

business models. And while startups and entrepreneurship courses are now being added to the curriculum, “How to write a business plan” seems to be the state of the art. Though they’re familiar with technology in the valley, I picked up some important cultural difference from students and startup engineers I talked to.

China 219

China Silicon Valley Non-Compete Intellectual Property 219

Steve Blank

AUGUST 31, 2009

The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.) release of the product.

Customer Development 244

Customer Development Developer Customer Silicon Valley 244

Steve Blank

DECEMBER 7, 2010

I’ve introduced a new class at Stanford to teach engineers, scientists and other professionals how startups really get built. Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.).

Wiki 316

Wiki Lean Management Business Model 316

Up and Running

MAY 10, 2017

We didn’t know anything about small business accounting or finance. We didn’t even know how to write a business plan. I had some limited knowledge about search engine marketing, but knew nothing about marketing in a more general sense. We’d never hired anyone.

Startup 119

Startup SEO Montana Argentina 119

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. 1) It’s an obligation that came with the check.

Silicon Valley 297

Silicon Valley Business Model Venture Capital Balance Sheet 297

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. 1) It’s an obligation that came with the check.

Silicon Valley 270

Silicon Valley Business Model Venture Capital Balance Sheet 270

Steve Blank

MARCH 11, 2010

One of the classes I teach in the engineering school at Stanford is E145: the Fundamentals of Technology Entrepreneurship , an introduction to building a scalable startup. Our goal is to teach students the key concepts of the startup process and help them understand that a startup is a search for a profitable business model.

Intellectual Property 257

Intellectual Property Business Model Customer Development Distribution 257

Steve Blank

MAY 3, 2011

After a week of hectic customer discovery , the team further refined their new business model. Their initial customer segment were upwardly mobile professionals with $2-10K discretionary purchases/year (excluding travel,) and their revenue model was affiliate program fees. Where is the best place for your business?

South Dakota 232

South Dakota Business Model Lean United States 232

Austin Startup

AUGUST 20, 2017

Messy cap tables can come back to haunt you when you do a financing or sell the company. Your original business plan will probably go out the window when you land your first customer. Your business works as intended if you can attract customers that fit into the context of your operation. Are the logistics manageable?

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

rob.by

MARCH 8, 2012

He argued that software engineers don’t finish what they start, and that you’re better off paying a technical person than partnering with one. He picked engineers who were technically-driven but not entrepreneurially-driven. He picked engineers who weren’t comfortable taking risks as great as he wanted to take.

Technical Cofounder 42

Technical Cofounder Cofounder Software Engineering Fractional CTO 42

www.xconomy.com

JUNE 9, 2012

Ministry of Supply Puts MIT Engineering Cred Into Dress Shirts. Q&A: Group Commerce Plans Hires, European Growth with $21M Funding. of Computer Science and Engineering, Univ. Subscribe for Free. Xconomy San Diego. Our Cities ▾ Boston ›. View More in Boston ›. Sakti3 Founder Sastry to Step Down From U-M. New York ›.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

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. I also teach Entrepreneurial Finance at San Jose State.

San Jose 28

San Jose Silicon Valley Technical Review Angel Investor 28

blog.captainrecruiter.com

MARCH 8, 2012

Two years ago I got the bug to do an online recruiting startup and I began the hunt to find a technical co-founder - a software engineer who works for no cash - to help me build my dream website. You may get a software engineer to start something for you, but they wont stick with the project when it gets difficult.

Cofounder 40

Cofounder Technical Cofounder Founder Software Engineering 40

Up and Running

JULY 24, 2015

Business planning. To start your business, you’ll need a sound business plan. But here at Bplans, we make an effort to provide entrepreneurs with the resources they need to start and run successful businesses. Business Model Generation. Paychex is a search engine for business loans.

Entrepreneur 60

Entrepreneur Small Business Administration SBA Pennsylvania 60

Berkonomics

MARCH 30, 2012

Sara focuses upon another side of small business financing not typically considered in the angel and venture world, financing from sources for companies that will probably never be attractive to those niches. . Your business plan is ready. Your family is all for it.

Intellectual Property 76

Intellectual Property Entrepreneur Small Business Administration SBA 76

Steve Blank

OCTOBER 24, 2017

A CEO brought in from a large company came with all the big company accoutrements – org charts, HR departments with formal processes and procedure handbooks, formal waterfall engineering methodology, sales compensation plans, etc. — all great things when you are executing and scaling a known business model.

Founder 274

Founder Technical Review CTO Hire IPO 274

Steve Blank

JUNE 8, 2009

Customer Development by Vertical - Click to Enlarge (As a reminder, the Customer Development process says your business plan is just a series of untested hypothesis (unless you’re a domain expert.) Some of these are questions that would be addressed in a business plan. Others you need to know when you execute the plan.

Vertical 125

Vertical Silicon Valley RSS Marketing 125

Reid Hoffman

JULY 27, 2021

In the startup world, one of the most important parts of building a network for non-technical entrepreneurs is getting to know brilliant engineers and technologists. Going to business school is one of the worst places to accomplish this. The problem is that these competitions seldom produce massively successful businesses.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

In the startup world, one of the most important parts of building a network for non-technical entrepreneurs is getting to know brilliant engineers and technologists. Going to business school is one of the worst places to accomplish this. The problem is that these competitions seldom produce massively successful businesses.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Professor VC

NOVEMBER 19, 2009

Business, Engineering, Computer Science, and Design were all represented. We need a program that not only has a speaker series and mentor program, but also fosters collaboration among the Engineering and Business departments. Collaboration with engineering, computer science, life sciences, etc. Steve Bennet.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

Steve Blank

SEPTEMBER 1, 2011

Unlike small business entrepreneurs, their interest is not in earning a living but rather in creating equity in a company that eventually will become publicly traded or acquired, generating a multi-million-dollar payoff. Their job is to search for a repeatable and scalable business model. They hire the best and the brightest.

Government 335

Government Silicon Valley Startup Venture Capital 335

Growthink Blog

JUNE 14, 2017

But of course the company is incredibly deserving of heavy admiration and emulation for how, in just a few short years, they've re-engineered and become the default offering for a massive business category. Very many companies have as their business model distributing / reselling, - i.e For profitable reselling, Grainger.

Disintermediation 59

Disintermediation Business Model B2B Revenue 59

crowdSPRING Blog

MARCH 26, 2019

Here’s a complete, 9 step guide on how to start a brewery business. Choose a business model. Fill in the business blanks. Choose a business model. Before you can start to seriously plan your own craft beer business, you need to understand the end goal that you’re aiming for.

Small Business Administration 94

Small Business Administration Distribution LLC Small Business 94

David Teten

JANUARY 21, 2021

VI: Revenue-based financing: The next step for private equity and early-stage investment. This is a summary of: Revenue-Based financing: State of the Industry 2020. VII: Flexible VC, a New Model for Companies Targeting Profitability. Any additional funds they take out of the business are considered dividends.

Equity 78

Equity Revenue Cofounder Colorado 78

SoCal CTO

DECEMBER 1, 2010

Who better to answer than the company's engineering lead. No Business Plan Survives First Contact With A Customer – The 5.2 few years ago I also started following Alexander Osterwalder in his blog about his Business Model Generation -mantra. Finance, IT, Legal). This post is an accusation. call to arms.

Technical Review 175

Technical Review Technology Product CTO Hire 175

Tim Keane

DECEMBER 30, 2009

  You may need medical knowledge, engineering skill, marketing people.  Plan for how to get them. Understand finance.  Never, ever “let Mikey do it.”  Know, yourself, how your venture is financed, what the alternatives are, and when you will know it is time to execute them. Learn the market.

Wisconsin 60

Wisconsin Milwaukee Angel Investor Committed Capital 60

Startup Lessons Learned

JANUARY 10, 2011

We still have some collective scar tissue: the idea conjures up the hordes of dot-com hopefuls that descended on VC’s and angel investors with little more than a business plan. Therefore, if you want to sell IMVU one day, you’ll need to abandon your business model, even though it’s generating a lot of revenue per customer.

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

ReadWriteStart

JANUARY 25, 2021

Objective data isn’t going to instantly make your business more viable, but it will give you something good to start with. Write a Business Plan. You can’t launch an effective business without having a business plan in place first. Consider: Personal financing. Can your personal finances take the hit?

Entrepreneur 208

Entrepreneur Startup Networking Employee 208

Up and Running

MAY 23, 2016

Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

MAY 10, 2011

What really matters are the business model canvas diagrams in the body and appendix of each presentation. By comparing the changes the teams made week-to-week-week in their business model canvas diagrams, you’ll see the dynamics of entrepreneurship, as they iterate and Pivot over time. Team Autonomow. Team Blink Traffic.

Lean 285

Lean Business Model Agile Customer Development 285

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 24, 2011

So that means stuff like thinking about what a business model might be, it does mean customer development. So it’s not necessarily true, but if you are like another popular group in Chexts is younger people who don’t have a lot of money to manage, but they don’t need financing and all of that stuff.

Cofounder 208

Cofounder Technical Review Software Review Differentiation 208

David Teten

DECEMBER 3, 2019

Technographics vendors such as Builtwith , Datanyze , HG Data , Stackshare, and Stacklist help CEOs identify the right tech platform on which to build their business; they’re also helpful for investors to due diligence a company’s tech stack choices. ff Venture Capital hired two full-time engineers to build out Totem.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Steve Blank

MARCH 26, 2019

It’s hard to imagine, but only a decade ago, the capstone entrepreneurship class in most universities was how to write – or pitch- a business plan. In my experience, I saw that most business plans don’t survive first contact with customers. Product/Market Fit Versus The Business Model Canvas.

Lean 254

Lean Business Model Balance Sheet Video 254

maplebutter.com

JANUARY 8, 2013

If you’re looking for a designer, engineer, or biz marketing guy – go to meetups / conferences that those people would go to. I have the vision, model and the core elements of the ideas established. With that live, you’ll be able to show other smart engineers and advisors that you’re willing to take some risk and build something.

Technical Review 44

Technical Review Startup Cofounder Software Review 44