Steve Blank

MARCH 11, 2016

To be honest I built the class out of frustration watching schools teach aspiring entrepreneurs that all they need to know is how to write a business plan or how to sit in an incubator building a product. using the business model canvas as the framework. in order to validate/invalidate their business model hypotheses.

Lean 120

Lean Incubator Business Model Channel 120

Startup Professionals Musings

SEPTEMBER 19, 2011

Nail the business model. Leverage your customer conversations to predict and validate your business model. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect. It’s time for a new startup model. Marty Zwilling.

Startup 286

Startup Angel Investor Technical Review Incubator 286

Steve Blank

JUNE 26, 2015

The first, the notion of the “ ambidextrous organization ” from O’Reilly and Tushman , posits that companies that want to do continuous innovation need to execute their core business model while innovating in parallel. Horizon 1 activities support existing business models. Horizon 1 is the company’s core business.

Lean 120

Lean Management Business Model Incubator 120

ReadWriteStart

JUNE 1, 2020

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. Incubators and Accelerators.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Steve Blank

MARCH 31, 2014

Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. The first will be commodity businesses that are valued for their ability to execute their current business model. Act Like a Startup.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

ReadWriteStart

DECEMBER 15, 2011

We also explored business models that not only can span advertising, subscription, and e-commerce, but also hybrid virtual-physical concepts that could even draw upon a Starbucks of Salsa, Tango or Swing! As you may recall from previous roundtable posts, that 1M/1M works closely with many incubators around the world.

Romania 123

Romania Web Incubator Entrepreneur 123

ReadWriteStart

JUNE 16, 2011

Freshdesk First, Girish Mathrubootham from Chennai, India, pitched Freshdesk , a SaaS company that provides small and medium businesses with on-demand customer support software that offers multi-channel social support. You can read more about Freshdesk on the 1M/1M Incubation Radar today.

India 123

India Bootstrapping Non-Compete Entrepreneur 123

YoungUpstarts

SEPTEMBER 10, 2018

Acceleration and incubation programs are on the rise and have helped start and scale many successful businesses over the past 10 years. Our business model back then was very complex, and it included a B2C as well as a B2B business model, that wasn’t being implemented yet. It was all hypothetical.

Programming 124

Programming Chile B2B B2C 124

Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. We were positing that 20 years of teaching “how to write a business plan” might be obsolete. Get Out of the Building and test the Business Model.

Lean 298

Lean Business Model Customer Development Guinea 298

Startup Professionals Musings

MAY 21, 2023

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Equity 266

Equity Startup Small Business Administration SBA 266

Startup Professionals Musings

AUGUST 29, 2020

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Equity 436

Equity Small Business Administration SBA Syndicate 436

Steve Blank

FEBRUARY 25, 2014

Corporations running internal incubators face many of the same selection issues as startup investors, plus they must grapple with the issues of integrating new ideas into existing P&L-driven functions or business units. a language corporate innovation groups can use to communicate to business units and finance.

Incubator 310

Incubator Intellectual Property Startup Lean 310

Steve Blank

JULY 13, 2021

Business plans presume that building a startup is a series of predictable steps requiring execution of a plan which assumes a series of known facts: known customers, known features, known pricing, known distribution channel. The reality is that most business plans don’t survive first contact with customers. experiential.

Lean 433

Lean Agile Business Model Business Plan 433

ReadWriteStart

SEPTEMBER 23, 2010

To do a solid holiday season he will need to balance the inventory and marketing budgets, and getting stuck in a complex situation with inventory being stuffed in the retail channels with bad terms will be a kiss of death. I will connect the company to a few larger companies that may be good OEM channels for them. JCLABoutique.com.

India 114

India Silicon Valley Incubator Bootstrapping 114

Steve Blank

MARCH 4, 2014

The Enterprise: Business Model Execution We know that a startup is a temporary organization designed to search for a repeatable and scalable business model. The corollary for an enterprise is: A company is a permanent organization designed to execute a repeatable and scalable business model.

IRR 335

IRR Startup Business Model Agile 335

Steve Blank

MAY 29, 2019

The easy part is, “Let’s have an incubator.” My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.” Today the capstone class is most often experiential, team-based, hands on, focused around the search for a repeatable and scalable business model.

Incubator 331

Incubator Lean Programming Government 331

ReadWriteStart

MAY 19, 2011

During today's roundtable, we opened the session with a discussion of the existential crisis in media and how talented bloggers and journalists are facing a tough time sustaining themselves due to lack of business models. We also did some segmentation work and related exploration of relevant channels. MyDataOrganizer.

India 115

India Silicon Valley Entrepreneur Affiliate 115

View from Seed

APRIL 24, 2019

Instead they limit what channels they actually pay attention to. On the commercial side, increasingly ecommerce retailers have started to use SMS as a two-way communications channel with their customers. A SMS interaction which is deeply emotional, and feels personal, because of the intimacy of the channel. They don’t.

SMS 207

SMS San Francisco Channel Dilution 207

ReadWriteStart

APRIL 14, 2011

At the roundtable, five entrepreneurs pitched their businesses to me, and I interacted with them in our usual format, with active participation from the audience. First up, Girish Mathrubootham from Chennai, India, presented Freshdesk , a SaaS solution for multi-channel customer support including knowledge base and social CRM support.

India 126

India Technical Review Entrepreneur Silicon Valley 126

Steve Blank

JUNE 11, 2012

The NSF I-Corps Lean LaunchPad class has different goals then the same class taught in a university or incubator. In an incubator, the Lean LaunchPad develops angel or venture-funded startups. I-Corps teams spent the class refining their business model and minimum viable product. Methodology. Lessons Learned.

Lean 248

Lean Incubator Business Model Georgia 248

ReadWriteStart

OCTOBER 13, 2011

Please remember, free is not a business model. a healthcare IT business for managing compliance requirements for pharmaceutical and medical device companies, recording transactions that involve payments to physicians. The Free Rider Problem. Also, Michaeline Daboul, from New Hampshire, pitched MMIS Inc. ,

Business Model 122

Business Model New Hampshire Dallas Entrepreneur 122

ReadWriteStart

APRIL 1, 2011

As for business model, Jigar wants to sell services like refilling cards. The company has distribution through about 50 retailers in Chennai, and is looking for ways to market their product through online channels. We discussed guerilla p.r., product reviews through blogs, as well as SEO, blogs, and social media marketing.

India 119

India Guerilla Entrepreneur New Zealand 119

Startup Professionals Musings

OCTOBER 10, 2018

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Entrepreneur 240

Entrepreneur Equity Small Business Administration SBA 240

Steve Blank

MARCH 7, 2012

The premise of the class is that startups, are not about executing a plan where the product, customers, channel are known. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model. Yet this isn’t an incubator.

Lean 256

Lean Business Model Agile United States 256

ReadWriteStart

SEPTEMBER 3, 2010

They make a lot of money, and nothing in Anuj's business model convinced me that these people have any interest or incentive to go around teaching, especially in rural India. In addition, we are offering entrepreneurs access to investors and customers through our recently launched our 1M/1M Incubation Radar series.

Channel 115

Channel India Bootstrapping Silicon Valley 115

Steve Blank

OCTOBER 3, 2014

The next week they came back in class and presented this : Each week we’d teach them about one more part of what makes up a business model. At week six they were trying to figure out their distribution channel ( here ) after another pivot. When I teach in universities I’m not running an incubator.

Lean 272

Lean Silicon Valley Customer Development Incubator 272

Startup Professionals Musings

OCTOBER 12, 2014

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: 10. Join a startup incubator or accelerator.

Entrepreneur 283

Entrepreneur Startup Equity Small Business Administration 283

Steve Blank

FEBRUARY 3, 2015

I remind my students that I’m teaching them a methodology they can use the rest of their careers, not running an incubator. The question was: Could we get these companies to pivot and learn when they already thought they had an existing business model?). Each week the team presented their findings to the class and teaching team.

North America 120

North America Lean Customer Development Distribution 120

Steve Blank

FEBRUARY 12, 2015

In this first step, the goal of a startup is to search for a repeatable and scalable business model. You’ll realize you’re ready to exit the Search step when you have customer validation: You’ve found a sales channel that matches how the customer wants to buy and the costs of using that channel are understood.

Startup 120

Startup Lean Venture Capital Advisory Board 120

Steve Blank

FEBRUARY 22, 2016

While finding product-market fit is important, getting the rest of the business model right is the difference between and a great demo and a great business. He is also a co-founder of XediaLabs , a DC-based incubator that provides training and technical consulting to local startups. What was the value proposition?

Cofounder 120

Cofounder DC Entrepreneur Silicon Valley 120

Startup Professionals Musings

SEPTEMBER 25, 2016

Thus it is always a question of what you qualify for, and what you are willing to give up, to turn your dream idea into a viable business. Here is my list of the ten most common sources of funding today, in reverse priority sequence, with some rules of thumb to channel your focus: Seek a bank loan or credit-card line-of-credit.

Equity 120

Equity Small Business Administration SBA Syndicate 120

Steve Blank

AUGUST 5, 2010

Fairchild Semiconductor became the progenitor of a flood of Silicon Valley chip companies and at the same time the adoption of the limited partnership as the model for Venture Firms gave VC’s their own profitable business model. One could argue that there’s nothing new here, as Internet distibution models started in 1995.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

ReadWriteStart

JANUARY 27, 2011

This partnership speaks to a core philosophy of the program where we encourage entrepreneurs to get as much customer validation as possible before raising too much money, use other people's channels if you can get to them, don't burn too much cash, and all that good fiscal conservative stuff. You can register for the next roundtable here.

Dilution 114

Dilution Revenue Finance Entrepreneur 114

Up and Running

MAY 17, 2012

Crowdfunding is an excellent way to reach potential donors who you wouldn’t have access to through more traditional channels. A solid business plan is a must if you’re thinking of entering a competition, so get yourself some good business plan software to improve your chances. Business Accelerator/Incubator Programs.

Silicon Valley 103

Silicon Valley Startup Campaign Incubator 103

Steve Blank

OCTOBER 24, 2017

— all great things when you are executing and scaling a known business model. However, there was no way for founders to share this information with other founders (this was life before the Internet, incubators and accelerators). Board Control. For three decades (1978-2008), investors controlled the board. The founders.

Founder 245

Founder Technical Review CTO Hire IPO 245

ReadWriteStart

MAY 4, 2011

The business is very different in London, and my feedback was that investors want a repeatable business model. For that to happen, he needs to show investors how his India model scales, without introducing a random London factor in the business. Ashish wants to raise money and scale rapidly.

India 116

India Entrepreneur Silicon Valley Massachusetts 116

www.xconomy.com

JUNE 9, 2012

Tech Channels ▾ Cleantech ›. San Diego’s Free EvoNexus Tech Incubator Gains Qualcomm Expertise. Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40