YoungUpstarts

OCTOBER 19, 2017

by Steve Owens, Founder and CTO of Finish Line Product Development Services. 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 focus of the management team is largely internal – how do we cut cost without impacting the offering?

Product Development 153

Product Development Lean Developer Product 153

Startup Professionals Musings

APRIL 4, 2022

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. It always reduces risk to plan your business first. Apply for contests and business grants.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

NOVEMBER 13, 2012

I asked Tsutsumi-san to write a guest post for my blog to describe his experience with Customer Development in Japan. After waiting for a week or so for the book to make it to Japan, I was very much shocked how impressed I was by the Customer Development Model detailed in the book. Evangelizing Customer Development in Japan.

Japan 301

Japan Customer Development Developer Customer 301

Startup Professionals Musings

OCTOBER 11, 2023

For example, the development of reusable rocket technology by SpaceX and Amazon, who could not match NASA supplier budgets, has opened huge new opportunities in space travel and exploration. I’m often asked for the secret to this attribute in developing a team culture. Adopt alternative business models to address challenges.

Technical Review 277

Technical Review Partner Matching Channel 277

Startup Professionals Musings

DECEMBER 6, 2019

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development. It always reduces risk to plan your business first. Nevertheless, it’s an option that doesn’t cost you equity.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

FEBRUARY 12, 2023

I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Assume passion level defines business opportunity.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

SoCal CTO

MARCH 5, 2007

A friend of mine has a company that builds open source applications in spaces that are a bit less innovative than Elgg, but they do very well financially through the packaging and support models. There are quite a few other Software Development Companies in Southern California working on open source and/or freemium business models.

Open Source 150

Open Source Business Model Technical Cofounder Southern California 150

The Startup Magazine

JULY 16, 2021

The lesson of the pandemic era is clear, as market conditions change, business models must evolve. Success is not, as you would think, about having stable business models across market conditions. There is one consideration that should be paramount in your thinking about your business model.

Business Model 167

Business Model Aggregator Revenue Analytics 167

Steve Blank

NOVEMBER 16, 2009

I was in New York last week with my class at Columbia University and several events made me realize that the Customer Development model needs to better describe its fit with web-based businesses. However the Customer Development Model and the Lean Startup work equally well for startups on the web.

Customer Development 227

Customer Development Web Developer Customer 227

Startup Professionals Musings

MAY 17, 2020

I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time. It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Assume passion level defines business opportunity.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

The Startup Magazine

MAY 3, 2024

In 2024, that means businesses that prioritize not just profit, but also environmental and social responsibility. Instead, bottleplus set out to develop a product that can carbonate drinking water while on the move, eliminating the need to buy Polyethylene Terephthalate (PET) bottles.

Artificial Inteligence 147

Artificial Inteligence Technical Review Software Review Cloud 147

Start Up Blog

FEBRUARY 26, 2023

1) A new technology + (2) A new business model If we only have one, the incumbents can usually adapt. They can plug the new tech into the existing business model. Or, they can revert the old technology into a new business model. Each time they sold the new tech in the old business model.

ChatGPT 90

ChatGPT Technical Review Generative AI Azure 90

VC Cafe

MARCH 1, 2024

New space companies – If we are entering a future with access to space being as routine and inexpensive as commercial air travel, shipping or trucking… what new businesses does that unlock? Commercial open source companies – being open source is a powerful way to gain developer adoption and sell to enterprises a lot sooner.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Startup Professionals Musings

JUNE 30, 2019

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. It always reduces risk to plan your business first. Apply for contests and business grants.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

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 145

Balance Sheet Technical Review Business Model Business Plan 145

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the product development model?

Customer Development 243

Customer Development Developer Customer Silicon Valley 243

Steve Blank

SEPTEMBER 16, 2014

Surprisingly if you’ve filled out the business model canvas you already know who you need. She started by sketching her business model canvas on a napkin, but somehow the conversation quickly shifted to what was really on her mind. ——-. I told Radhika this is a perennial question for startups.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Steve Blank

AUGUST 23, 2010

At times I’ll do what I consider an extension of teaching; a two-day Customer Discovery/Validation intensive session with a large corporation serious about Customer Development at my ranch on the California Coast. Rather, it is a organization searching for a business model (inside a company that’s executing an existing one.)

Customer Development 237

Customer Development Developer Customer South America 237

Steve Blank

SEPTEMBER 5, 2018

These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash. They needed to be sure that what they were building was what customers wanted and needed. The result?

Lean 335

Lean Burn Rate Startup IPO 335

The Startup Magazine

SEPTEMBER 17, 2023

Aside from the environmental advantages, car sharing is a cost-effective option for company employees to use vehicles. Thanks to this, there is no need for employees to pay for taxis or save up for their own cars; instead, they can access cars from the company’s fleet when necessary for business trips or assignments.

Software Review 158

Software Review Software Mobile Technical Review 158

Steve Blank

SEPTEMBER 3, 2014

As the farm fields flew by on the interstate I listened as Dave described how he translated his vision into a series of hypotheses and mapped them onto a business model canvas. As he was learning from potential customers and providers he would ask, “What if we could have an app that allowed you to schedule low cost moves?”

Cofounder 336

Cofounder Founder Technical Cofounder Coder 336

Startup Professionals Musings

OCTOBER 15, 2022

Being the first mover or lowest cost is not a good long-term strategy. A proven business model, ready to scale, is particularly attractive. Since your product or technology may still be in the early stages of development, the investor in actually investing in you, and your previous achievements, as much as your current startup.

Intellectual Property 278

Intellectual Property Angel Investor Early Stage Venture Capital 278

Startup Professionals Musings

OCTOBER 30, 2020

Minimize one-time sales in your business model. You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. Take advantage of low-cost modern tools and automation. Develop a product line and add alternate channels.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

FEBRUARY 3, 2021

In all cases, I’m convinced that whether you see personal fulfillment as more business success, or making the world a better place, there are some common strategies to get there that I recommend. Here are some key ones from the most satisfied business leaders that I know: Develop your own plan to get where you want to go.

Business Model 432

Business Model Entrepreneur Cost Customer 432

Steve Blank

OCTOBER 26, 2020

Nand changed the culture of the JAIC, bringing in Silicon Valley tools for product development, product management and for the first time a culture that focused on UI/UX, MVPs and continuous integration and deployment. This is where I brought in the thinking of how we build businesses here in Silicon Valley. Joint Common Foundation.

Artificial Inteligence 414

Artificial Inteligence Fractional CTO Technology CTO 414

View from Seed

MARCH 20, 2020

Businesses will be forced to adapt to changing circumstances and seek opportunities to innovate. New, emerging business models will gain tailwinds that propel them forward to new horizons. This has the potential to dramatically reduce cost and increase access to higher education.

New York City 374

New York City Demand Technical Review Non-Compete 374

The Entrepreneurial Mind

FEBRUARY 27, 2012

Developing a sound business model is key to the successful launch of a business. But you should never assume the business modeling is finished once the business begins to grow. Keeping a business model current is critical for long-term success.

Business Model 76

Business Model Charlotte Raleigh Technical Review 76

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Payroll costs/other variable costs. Whatever assessment you develop, you need to get feedback from your board and investors. Days 3 and 4: Prepare new business model and operating plan.

South Korea 334

South Korea Salary Business Model China 334

Steve Blank

OCTOBER 30, 2012

The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual. The cost of attending a Startup Weekend Next is ridiculously inexpensive. 28 in more than 25 cities worldwide.

Startup 335

Startup Lean Incubator Business Model 335

VC Cafe

FEBRUARY 27, 2024

Pre-seed tends to be about developing an MVP and generating early traction. Seed is about showing initial product market fit. We’d like to see that the relevant functions are covered (who’s writing code? The post How the pre-seed round made a comeback in 2024 appeared first on VC Cafe.

Valuation 186

Valuation Software Review Generative AI Technical Review 186

Steve Blank

MARCH 12, 2014

We realized that past K-12 Entrepreneurial classes taught students “the lemonade stand” version of how to start a company: 1) come up with an idea, 2) execute the idea, 3) do the accounting (revenue, costs, etc.). These two startups served as the students’ introduction to customer development methodology.

Lean 334

Lean Customer Development Startup Silicon Valley 334

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 333

Acquisition Intellectual Property Silicon Valley Startup 333

Steve Blank

NOVEMBER 30, 2009

Customer Development is all about gathering a list of what features customers want by talking to them, surveying them, or running “focus groups.” We can put both little- and big-endian in the chip, and it won’t cost us more than 1,000 gates.” And it’s certainly not Customer Development. Are you out of your !? *x!

Customer Development 283

Customer Development Developer Customer Silicon Valley 283

Steve Blank

MAY 9, 2017

Defense and Intelligence organizations drove the pace of innovation in Silicon Valley by providing research and development dollars to universities, and defense companies built weapons systems that used the Valley’s first microwave devices and semiconductor components. and there were no books, blogs or YouTube videos about entrepreneurship.

Restful 238

Restful Silicon Valley Puerto Rico San Jose 238

Steve Blank

NOVEMBER 7, 2023

regulation happens on three levels: federal laws that are applicable across the country developed by Federal government in Washington, D.C. the government has regulatory authority over commerce between the states, foreign trade, and other business activities of national scope. In the U.S. Bill Gurley’s point.)

Washington 303

Washington Government Marketing Silicon Valley 303

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

Intellectual Property 286

Intellectual Property Lean IP Open Source 286

The Entrepreneurial Mind

AUGUST 3, 2010

If you have a very capital intensive or labor intensive business model you will need a large base of funding to get off the ground. But for most start-ups, you may be able to adjust your business model enough to cut the funding you need, while still making a successful launch.

Bootstrapping 75

Bootstrapping Business Model Software Review Programming 75