Startup Professionals Musings

NOVEMBER 2, 2022

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Find a strategic partner to accelerate growth. Build your business with minimum outside funding. Risk is more manageable with subscriptions and even freemium pricing.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

VC Cafe

FEBRUARY 21, 2023

Year over year conversion trends according to Hubspot ( source ) Unlike 2021, when money was cheap and plentiful, the mantra for startups is no longer blitzscaling and growth at all costs. In this post, we’ll take a closer look at the benchmarks on conversion, retention and churn for the key business models.

Retention 109

Retention Conversion Churn Rate B2C 109

Startup Professionals Musings

OCTOBER 30, 2020

Get support from credible industry groups and partners. 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. Every new business has unexpected pivots and adjustments, and outsourcing is easier to manage.

Merger 386

Merger Acquisition Software Review Social Media 386

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 283

Intellectual Property Lean IP Open Source 283

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

Startup Professionals Musings

JANUARY 13, 2020

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Even business plan has strengths and weaknesses, and the best entrepreneurs are able to recognize the difference.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

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

View from Seed

APRIL 14, 2020

But the risk to founders is that these investors may not be very committed partners and might quickly disengage if things go sideways. Business Models and Sectors. I think the level of signaling risk from series A VCs doing seeds will be higher in a FOLD world. In a FOLD world, this is going to continue.

Early Stage 374

Early Stage Software Review Technical Review Due Diligence 374

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. I’m partnered with four great organizations to deliver the program. Your team arrives with an initial Business Model Canvas.

Startup 335

Startup Lean Incubator Business Model 335

Startup Professionals Musings

FEBRUARY 8, 2020

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Find a strategic partner to accelerate growth. Build your business with minimum outside funding. Risk is more manageable with subscriptions and even freemium pricing.

Management 322

Management Entrepreneur Forecast Stock Options 322

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

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 partners.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

The Startup Magazine

FEBRUARY 21, 2024

The most poignant of these challenges was the quest for capital partners, which was not just about securing capital but about finding collaborators who were willing to believe in the vision and commit to the long-term journey. The goal is to transform dormant or underutilized assets into active capital that supports your business.

Technical Review 134

Technical Review Due Diligence Bankruptcy Intellectual Property 134

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

Steve Blank

SEPTEMBER 5, 2018

Since NewTV won’t be making the content, they will be licensing from and partnering with traditional entertainment producers. NewTV will depend on partners like telcos to distribute the content. Will consumers want to watch short-form mobile entertainment? Will these third parties produce something people will watch? The result?

Lean 335

Lean Burn Rate Startup IPO 335

The Startup Magazine

FEBRUARY 2, 2021

Minimizing costs against aggressive timelines is the financial goal of the most successful labs in preclinical academic research. This reduced focus on reaching clinical phase results and low clinical trial success, yields a significantly elevated cost. The new model emphasized business structure and capitalization.

Technical Review 118

Technical Review Syria Developer United States 118

Steve Blank

NOVEMBER 7, 2023

Rent seekers are individuals or organizations with successful existing business models who use government regulation and lawsuits to keep out new entrants that might threaten their business models. You and your board need to be in sync about the costs and risks of getting into a street fight entering these markets.

Washington 280

Washington Government Marketing Silicon Valley 280

Steve Blank

JUNE 27, 2017

Initially, a startup has no business model and no market share to defend. If they select a business model that targets industry incumbents, they don’t have to worry about upsetting existing customers, partners or distribution channels. Its employees and investors don’t depend on an existing revenue stream.

Startup 282

Startup New York City Valuation Distribution 282

Startup Professionals Musings

OCTOBER 8, 2022

Don’t try to build the “ultimate” business model, for all possible alternatives, in multiple business domains. Vendor costs are subject to change, customers are fickle, competitors come out of the woodwork and the economy can take a downturn. Yet they can be done by a simple financial model in a few milliseconds.

Conversion Ratio 368

Conversion Ratio Startup Business Model eCommerce 368

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Startup Killer: the Cost of Customer Acquisition In the many thousands of articles advising entrepreneurs on what they have to focus on to build successful startups, much has been written about three key factors: team, product and market, with particular focus on the importance of product/market fit.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Startup Professionals Musings

MAY 14, 2012

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 242

Business Model Distribution Viral Green 242

Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model.

Lean 316

Lean Customer Development Sales Cycle Business Model 316

Steve Blank

NOVEMBER 11, 2022

My good friend Alexander Osterwalder , the inventor of the business model canvas (one of foundations of the Lean Methodology) has written a playbook (along with his associate partner Tendayi Viki ,) From Innovation Theater to Growth Engine to explain how to build and implement repeatable innovation processes inside a company. .

Portfolio 369

Portfolio Business Model Metrics Programming 369

Startup Professionals Musings

APRIL 14, 2023

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Rather than quitting, there are always alternatives, like pivoting the business model or merging with new partners for support.

Bootstrapping 339

Bootstrapping Business Model Social Media Partner 339

Hearpreneur

DECEMBER 20, 2020

It is, without any doubt, a top-notch business to start in 2021. In 2021, I’ll launch The Expat Partner Coach LLC to empower expat partners to live purposeful and positive lives abroad. Thanks to Linda Mueller, The Expat Partner Coach LLC ! #5- People want more life per square foot not cost. 4- Coaching.

Kentucky 107

Kentucky Louisville Entrepreneur Technical Review 107

Startup Professionals Musings

JANUARY 14, 2023

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Startup Professionals Musings

JANUARY 29, 2011

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 246

Business Model Distribution Viral Green 246

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

Lean 300

Lean Business Model Customer Development Guinea 300

Startup Professionals Musings

OCTOBER 17, 2022

The cost of entry for tech startups continues to go down. Twenty years ago, it cost several million dollars to launch an e-commerce startup, which can be done today for a few thousand dollars. Mobile and web software apps may cost even less. The large investment amounts preferred by VCs are no longer needed to launch winners.

Angel Investor 342

Angel Investor Venture Capital Silicon Valley Portfolio 342

David Teten

APRIL 1, 2021

Dan Kozikowski, Partner and Head of Platform, First Mark Capital , said to me, “Firms should match services to the stage-specific needs of companies. Then, pluck the low-hanging fruit: easy, low-cost, and highly scalable infrastructure. For example, recruiting writ large is useful at all stages of development. AskAnything.VC

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Startup Professionals Musings

JULY 13, 2019

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 partners.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

Startup Professionals Musings

OCTOBER 14, 2023

The plan must simply answer every relevant business question that you could imagine from your team, partners, and investors. Would you be comfortable buying a house from a builder, or building one yourself, with no plan on timeframes, costs, and features? I hope not.

Silicon Valley 257

Silicon Valley Exit Strategy Startup Business Plan 257

The Startup Magazine

MARCH 29, 2024

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Start by defining your key resources, activities, and partners. Revenue streams are another critical component of your business model. It outlines how you plan to create, deliver, and capture value.

Intellectual Property 132

Intellectual Property Angel Investor Business Model Bootstrapping 132

Startup Professionals Musings

DECEMBER 6, 2014

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Even business plan has strengths and weaknesses, and the best entrepreneurs are able to recognize the difference.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

YoungUpstarts

FEBRUARY 19, 2017

When starting a business today, going online is certainly one of the best ways to keep your company expenditure to a minimum. Although many online start-ups will have physical offices and workplaces, one of the best ways to save costs is to work from home and allow your employees to do the same. Outsourcing. Remote Workforce.

Cost 150

Cost Curation Startup Early Stage 150

YoungUpstarts

JANUARY 27, 2015

by Jack Narcotta, Devices Analyst at Technology Business Research. Nadella’s efforts to reboot Microsoft positions the company to more effectively engage with channel partners and enterprise customers. While Microsoft’s 7.9% year-to-year revenue gain in calendar 4Q14, to $26.5 year-to-year in 4Q14 to $16.3

Cloud 100

Cloud Mobile Software Review Technical Review 100