ReadWriteStart

JUNE 1, 2020

Funding might be a need in some cases — but it’s not an absolute necessity. ? The business should be self-sustainable. The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Incubators and Accelerators.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

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

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

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. Companies horde cash and squeeze the most revenue and margin from the money they use. Their lifetime as a market leader will be measured in years.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

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

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

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

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

ReadWriteStart

SEPTEMBER 23, 2010

First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. I will connect the company to a few larger companies that may be good OEM channels for them. All three of today's roundtable companies will soon be featured on Incubation Radar. GrillGrate.

India 114

India Silicon Valley Incubator Bootstrapping 114

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

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

It is much better to grow organically with revenue. 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. Cortese Design Bags. The Free Rider Problem.

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

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. The business is already profitable with $2.9

Dilution 114

Dilution Revenue Finance Entrepreneur 114

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. Such OEM deals may cost him 50% of his product revenue, but would be the fastest way to reach a large number of customers, nonetheless.

Channel 115

Channel India Bootstrapping Silicon Valley 115

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. In fact, by the start of class they had ~$750K in revenue for 2011 – not quite Facebook but a nice small business. Unlike most of the other teams in the class, Krave was already up and running.

North America 120

North America Lean Customer Development Distribution 120

Steve Blank

FEBRUARY 12, 2015

We’re at 70 people, and we’ll do $40 million in revenue this year and should get to cash flow breakeven this quarter. ” In this first step, the goal of a startup is to search for a repeatable and scalable business model. It sounded like he was living the dream. I was trying to figure out why we were meeting.

Startup 120

Startup Lean Venture Capital Advisory Board 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

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue. Board Control.

Founder 245

Founder Technical Review CTO Hire IPO 245

ReadWriteStart

MAY 4, 2011

Manoj is experiencing a long sales cycle of close to 12 months, but he has already created a sustainable company that has revenues and profits. He is exploring outside financing, but my concern is that unless the growth rate accelerates, this particular business may not fit the venture model.

India 116

India Entrepreneur Silicon Valley Massachusetts 116

Hearpreneur

SEPTEMBER 16, 2020

When it launched in 97 it was a DVD rental business whose only real value proposition was the mail-order element of its operation. Fast forward 20+ years and Netflix has become one of the biggest TV and movie studios in the world, with more subscribers than all the cable TV channels in America combined! billion in annual revenue.

Entrepreneur 107

Entrepreneur China Incubator Philippines 107

Bryce Dot VC

JANUARY 5, 2015

It is not a small business loan program. . It is not an accelerator, incubator or any other type of ator. . VC funding can great for some companies, but it comes with a certain set of expectations that have an impact on everything from business model to company culture. And revenue better still. . What it is.

San Francisco 40

San Francisco Cap Table Non-Compete Distribution 40

Steve Blank

SEPTEMBER 2, 2015

Resilience – the ability to bounce back from adversity – is one of the key attributes of entrepreneurs and was the focus of my first weekly radio show, Entrepreneurs are Everywhere , on Sirius XM Radio Channel 111. On the alumni side, we set up an incubator downtown, called the Columbia Startup Lab. … It should be digital.”

Entrepreneur 120

Entrepreneur New York Cofounder Equity 120

Steve Blank

NOVEMBER 25, 2013

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. We now have the tools, technology and data to take incubators and accelerators to the next level. We think we can do better.

Oakland 326

Oakland Incubator Lean Metrics 326

Seeing Both Sides

AUGUST 16, 2012

TripAdvisor may be one of the most fascinating companies I know and so I was excited to dig into their business model as part of my series on scaling. TripAdvisor is more of a classic consumer Internet success story, but with even more powerful network effects and an amazing business model. Henry Harteveldt, Forrester.

Part-Time VPE 54

Part-Time VPE Software Review Costa Rica Technical Review 54

View from Seed

MARCH 15, 2017

Internally, the scarcity of tangible business metrics – product usage or revenue multiples for example – can make an investment decision feel daunting. VC evaluation of seed-stage startups can seem arbitrary or imitative at times. Any seed stage company’s strategy is a constant work-in-progress.

Due Diligence 265

Due Diligence Seed Stage Portfolio Metrics 265

ReadWriteStart

SEPTEMBER 16, 2011

Siddhesh has already validated his business and is catering to home buyers, sellers, and brokers, generating revenues from advertising and sponsorships as well as brokerage revenue sharing. As I keep reiterating, 99% of the businesses that go out for financing get rejected. He wants to penetrate the Indian market.

Brazil 115

Brazil India Entrepreneur 115

Steve Blank

DECEMBER 8, 2015

Wants to promote intrapreneurship to extend its business model and retain creative employees like Google, Amazon, and Facebook do. For example, Google’s acquisition of Nest (which had customers, revenue and a distribution channel) allowed it to enter the connected home market immediately. Does it become a new division?

Silicon Valley 120

Silicon Valley Acquisition Boston Early Stage 120

maplebutter.com

JANUARY 8, 2013

I would focus on one product and set a goal to generate $1M in yearly revenue from it. Outsourcing is something a big company, with a known customer / problem (that has revenue & traction) does to save cost. I don’t have any formal business training and I actually think it’s served me well. Once you’ve done that – then.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Up and Running

JANUARY 20, 2015

Rather than adding de-stressing activities to my to do list, I’d like to learn more about channeling that stress into positive results in the moment. Find Your Super Users, Master the Forever Transaction, and Build Recurring Revenue. Simple Ways to Turn Pressure into a Positive Force in Your Life. By Aimee Bernstein.

Widget 60

Widget Agile Small Business United States 60

Life Beyond Code

SEPTEMBER 27, 2011

One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. a distributed, democratic model of capitalism. 1M/1M Program has a bold mission.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

mashable.com

NOVEMBER 3, 2010

“I pre-stage my investments by developing my own ideas of great business models & frameworks — when I meet a founder doing something similar I can make a quick decision,&# says Craig. Vaynerchuk also recommends self-funding the incubation process, unless the industry you’re in is about to explode.

Angel Investor 80

Angel Investor Startup San Francisco Social Media 80

Steve Blank

MAY 9, 2017

When the product and channel are bits, adoption by 10’s and 100’s of millions and even billions of users can happen in years versus decades. Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.)

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

www.quora.com

JANUARY 16, 2011

Find Questions, Topics and People Add Question Add Question Team Configuration 500 Startups Guerilla Marketing Organizations Entrepreneurship Startup Founders & Entrepreneurs Startups Startup Incubators and Seed Programs Seedcamp Y Combinator TechStars Lean Startups What is the perfect startup team? They are many more examples.

Technical Review 51

Technical Review Startup CTO Hire Cofounder 51