Steve Blank

JUNE 27, 2017

This article originally appeared in the Harvard Business Review. As more and more companies face disruption from globalization, new technology, and startups that have more capital than the incumbents, the continuing cry from Wall Street investors is, “Why can’t companies be as innovative as startups?”. to stifle competition.).

Startup 275

Startup New York City Valuation Distribution 275

Startup Professionals Musings

APRIL 14, 2021

As a logical and data-driven business advisor, I have long focused on facts, technology, and quantifiable pain in guiding entrepreneurs. They depend on their favorite social channels and peers on social media to make emotional decisions for them, rather than rely on any kind of “cost-benefit” analysis.

Customer 432

Customer Social Media Dividend Technical Review 432

The Startup Magazine

OCTOBER 4, 2023

Insights from market research enable you to spot both strengths and weaknesses in your planned business model – helping you steer clear of pitfalls while maximizing opportunities. Developing a Business Plan The findings from your market research should form the backbone of your comprehensive business plan.

Balance Sheet 112

Balance Sheet Technical Review Business Model Business Plan 112

VC Cafe

MARCH 1, 2024

In addition, founders thinking about starting a company can be overwhelmed by choice, as there are so many problems to tackle with technology, but it could be comforting to know that investors are interested in those areas in the first place.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

ReadWriteStart

JULY 26, 2022

In reality, the digital Transformation in Supply Chain is revolutionary in each sector of business; the same is true with the chemical industry. Accordingly, the Chemical and pharmaceutical industries are also growing business With Technology. Further, many start-ups have been stimulated by fresh concepts and technologies.

Germany 175

Germany San Jose Technical Review India 175

Startup Professionals Musings

MAY 15, 2019

Neither breakthrough technology nor maximum features will assure that “if we build it, they will come.” In fact, NISI recommends starting with the minimum focused set of features and technology that will drive a customer purchase. Nail the business model. Nail the solution.

Startup 245

Startup Angel Investor Technical Review Incubator 245

ReadWriteStart

JUNE 19, 2021

There are few technologies in the world today that can make a Trillion-dollar impact on the global economy. Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. IoT (Internet of Things) is one of them. Source: Mckinsey.

Technical Review 215

Technical Review Software Review Cloud Vertical 215

Startup Professionals Musings

FEBRUARY 8, 2023

Now is the time to reach out to satisfied existing customers for repeat business, as it is less expensive to generate more revenue from your past customers than it is to land new ones. I recommend using digital channels, including email and social media, personalized, if possible, with promotions.

Technical Review 239

Technical Review Revenue Social Media Cost 239

The Startup Magazine

FEBRUARY 27, 2024

Take advantage of various channels, including email, social media, and newsletters to stay connected with your customers. Failure to Adapt Businesses that fail to adapt to changing market trends, customer preferences, and technological advancements risk obsolescence.

Customer 94

Customer Retention Technical Review Social Media 94

The Startup Magazine

DECEMBER 21, 2022

The internet is a great tool for business, transforming how companies interact with their customers and providing new channels to sell products, provide services, and make money. Unfortunately, the internet is also great for criminals looking to exploit businesses for their own gain. Date of birth. Physical address.

Software Review 152

Software Review Customer Technical Review Due Diligence 152

YoungUpstarts

MARCH 4, 2020

This accentuates the need for talents in the hospitality industry to harness the power of digital marketing and artificial intelligence (AI) technology, in preparation for the Hospitality 4.0 It will enable individuals to understand the travellers’ needs and expectations intimately which can result in new hospitality business models.

Technical Review 165

Technical Review Singapore Artificial Inteligence Myanmar 165

Startup Professionals Musings

SEPTEMBER 9, 2019

Existing technologies have been “commoditized” globally. Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. New emerging manufacturing technologies (e.g.,

Engineer 219

Engineer Entrepreneur Offshore Merger 219

View from Seed

JUNE 23, 2022

For example, Marques Brownlee is one of the most prolific technology reviewers. Upon leaving the Air Force, I went to business school and then landed a job at YouTube where I helped up-and-coming creators grow on the platform. It was during that time, I created my own YouTube channel to understand the struggles creators faced.

DC 156

DC Cambodia eCommerce Social Media 156

Steve Blank

OCTOBER 15, 2019

This article previously appeared in the Harvard Business Review. Disruption today is more than just changes in technology, or channel, or competitors – it’s all of them, all at once. They’ll use government regulation and lawsuits to keep out new entrants with more innovative business models.

Government 315

Government Technical Review Acquisition Metrics 315

The Startup Magazine

AUGUST 11, 2023

One needs to evaluate their go-to-market strategy, distribution channels, scalability, execution team, and so on at this time. Because of this, getting seed venture money, for example, becomes more feasible for many startup companies, particularly those in the technology industry.

Seed Stage 131

Seed Stage Technical Review Early Stage Due Diligence 131

Steve Blank

SEPTEMBER 5, 2018

But as Carlota Perez has so aptly described, all new technology industries go through an eruption and frenzy phase, followed by a crash, then a golden age and maturity. Then the cycle repeats with a new set of technologies. Some have labeled this period as irrational exuberance. Every startup is in a race against time.

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

MAY 9, 2017

We’re standing 15 air miles away from the epicenter of technology innovation. I’ve been asked to talk today about the future of Innovation – typically that involves giving you a list of hot technologies to pay attention to – technologies like machine learning. In fact, it’s not about any specific new technologies.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

ReadWriteStart

SEPTEMBER 9, 2022

The internet and technology have taken over businesses and marketing strategies, so it’s logical that any b2b company would want to capitalize on this medium to stay competitive in the market. . Finally, promote your online store through social media and other marketing channels. Monetization Strategies.

B2B 131

B2B Developer Technical Review Business Model 131

Startup Professionals Musings

AUGUST 24, 2014

Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Prioritize marketing channels.

Entrepreneur 257

Entrepreneur Technical Review Angel Investor China 257

Startup Professionals Musings

JUNE 26, 2020

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. Description of the business entity you plan to form. Budget time and dollars for each.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Hearpreneur

JANUARY 11, 2018

Technology is changing the way people think and do things. It’s through it that one entrepreneur builds a mobile technology platform, theCut , that powers the barbershop industry. He believes in technology’s ability to enact change and level the economic playing field. The business name just made sense.

Technology 57

Technology Charlotte Maryland Entrepreneur 57

Startup Professionals Musings

JULY 9, 2017

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Key partners.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

ReadWriteStart

APRIL 8, 2023

It becomes even more interesting in the world of emerging technologies and the IoT. As for AI, businesses could optimize the processes of various departments, whether inventory, marketing, or customer relations. These new technologies will become an integral part of most e-shops.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Steve Blank

APRIL 23, 2014

Most large companies manage three types of innovation: process innovation (making existing products incrementally better), continuous innovation (building on the strength of the company’s current business model but creating new elements) and disruptive innovation (creating products or services that did not exist before.).

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

The Startup Magazine

FEBRUARY 21, 2024

Billion in investments across a range of industries, including technology, sustainability, traditional and alternative energy, mining, construction services, transportation, and healthcare. The goal is to transform dormant or underutilized assets into active capital that supports your business. The firm has made more than $4.5

Technical Review 138

Technical Review Due Diligence Bankruptcy Intellectual Property 138

Startup Professionals Musings

NOVEMBER 9, 2018

Business success always relates to how effectively you satisfy customer needs. Big technology breakthroughs don’t always correlate directly to the mind of customers, so your challenge is the translation. Make that a way to bridge a big technology change to customers and employees.

Technology 224

Technology Marketing Non-Compete Leadership 224

Startup Professionals Musings

JANUARY 18, 2014

Neither breakthrough technology nor maximum features will assure that “if we build it, they will come.” In fact, NISI recommends starting with the minimum focused set of features and technology that will drive a customer purchase. Nail the business model. Nail the solution.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Startup Professionals Musings

JANUARY 13, 2014

The real milestone, proving the business model, is that first product sold for full price to a total stranger, leaving him happy. This whole process is particularly worrisome to many startup founders, since their expertise and background more likely technology than sales. You need deep pockets to make this one work.

Business Model 248

Business Model Sales Customer Distribution 248

Startup Professionals Musings

MAY 12, 2017

Neither breakthrough technology nor maximum features will assure that “if we build it, they will come.” In fact, NISI recommends starting with the minimum focused set of features and technology that will drive a customer purchase. Nail the business model. Nail the solution.

Startup 161

Startup Angel Investor Technical Review Incubator 161

View from Seed

FEBRUARY 24, 2021

Technology also presents the opportunity to further turbocharge such “targeted care” by offloading certain care deliveries to much more scalable modalities such as text-based behavioral nudges and in-app content libraries. Another possible growth channel is through employers, though competing with other benefits is never easy.

Vertical 156

Vertical Software Review Portfolio Demand 156

View from Seed

SEPTEMBER 12, 2017

The old brands and distribution channels are dead or dying. But while that particular model has seen success, it certainly won’t be the only way that companies will be able to create greater personalization and serendipitous discovery for their customers. Most apparel purchases are now in some way influenced by the internet.

Internet 209

Internet eCommerce Bankruptcy Technical Review 209

Startup Professionals Musings

MAY 27, 2013

Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Prioritize marketing channels.

Startup 257

Startup Technical Review Angel Investor China 257

The Startup Magazine

MARCH 29, 2024

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Revenue streams are another critical component of your business model. Will you opt for direct sales, subscriptions, or a freemium model? However, do so with caution and strategic planning.

Intellectual Property 136

Intellectual Property Angel Investor Business Model Bootstrapping 136

David Teten

DECEMBER 3, 2019

When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. But in business, you want a lot of partners. I’d argue that the same type of technologies that have revolutionized dating can revolutionize our industry. . When I was single, I registered for (a lot of) dating websites.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

DECEMBER 20, 2012

Neither breakthrough technology nor maximum features will assure that “if we build it, they will come.” In fact, NISI recommends starting with the minimum focused set of features and technology that will drive a customer purchase. Nail the business model. Nail the solution.

Startup 296

Startup Angel Investor Technical Review Incubator 296

Steve Blank

NOVEMBER 11, 2013

This post is an update of what we learned about life science distribution channels. Life Science/Health Care distribution channels differ by Category. It turns out that for commercialization, the business model (Customers, Channel, Revenue Model, etc.) Channel Cost = $350-400,000 per sales team.

Distribution 224

Distribution Channel Lean Intellectual Property 224

ReadWriteStart

JANUARY 25, 2020

On the topic of ecommerce, one wonders to what extent this business model is applicable, and where is it likely to end? It’s the extent of this phenomenon that has resulted in soaring businesses across the world. You can easily integrate this portal with different social media channels. Marketing Channels.

eCommerce 152

eCommerce Technical Review Social Media Analytics 152