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Vertical Markets 1: Bad Advice – All Startups are the Same « Steve.

Steve Blank

Verticals Are Different I began to realize that entrepreneurs (and their professors) act like every vertical market and industry has the same set of rules. So the first heuristic is: do not assume the startup rules are the same for all vertical markets. Just for discussion, the markets I chose were: Web 2.0,

Vertical 149
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Why large companies acquire small companies

A Smart Bear: Startups and Marketing for Geeks

So the shift to mobile meant Facebook’s business model was breaking. With a current market cap north of $400B, with 20% profit margins and high growth (given their size), paying $1B for Instagram or even $19B for WhatsApp looks brilliant in hindsight, even though neither company had a business plan.

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Love/Hate Business Plan Competitions

Steve Blank

I hate business plan competitions. I Love Business Plan Competitions I had a breakfast with a friend who has founded a few companies in Thailand and started the New Ventures Program at one of their universities. For all the reasons why business plan competitions are wonderful for students from outside the U.S.,

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How Startups Can Keep Product Development Lean

YoungUpstarts

The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. The objective of a start-up is to discover a business model that works. This process continues until a viable product (and business model) can be discovered.

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Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

Creating a vertically oriented regional ecosystem is a pretty amazing accomplishment for any country or industry. The biggest mistake for most of these startups was not understanding that optimizing their business model for the 24 million people in the Australian market would not prepare them for the size and scale they needed to get to big.

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Vertical Markets 4: Putting it All Together « Steve Blank

Steve Blank

In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. In contrast to simply executing your business plan, the Customer Development process is built on low-cost and continuous learning and iterating.

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The Entrepreneur’s Essentials #3: The five critical ingredients to build a big company

Austin Startup

business model and team. I usually don’t back a business unless there are founders that can build, sell, and service the new solution that is being brought to market. Here are the ingredients: Business model : This is actually the most important ingredient of the five.