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Lessons Learned: Validated learning about customers

Startup Lessons Learned

What matters is proving the viability of the company’s business model, what investors call “traction.&# But in the meantime, by iterating on their product with customers, they have a chance to get there on their own. Labels: agile , customer development 15comments: Scott Shapiro said.

Customer 167
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Founder's Dilemmas: Equity Splits

www.startuplessonslearned.com

At the company level, founders learn about the flaws in their initial plans and adjust the startup’s strategy, business plan,and business model. percent) of new firm founders indicated that their business ideas [had] changed between the time they first identified them and the time when they were surveyed about them.”

Equity 72
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What is a startup?

Startup Lessons Learned

Many startups don’t innovate at all in the product dimension, but use other kinds of innovation: repurposing an existing technology for a new use, devising a new business model that unlocks value that was previously hidden, or even simply bringing a product or service to a new location or set of customers previously underserved.

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Fear is the mind-killer

Startup Lessons Learned

Initially, IMVU sought to quickly build a product that would prove out the soundness of their ideas and test the validity of their business model. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? No departments The Five Whys for Startups (for Harvard Business R.

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Episode 8: Charlie’s Bcast Email, Startup Incubators, and 10 Reasons Why Startups Fail | The Bcast

Up and Running

There’s some fantastic producers in terms of who the output of those accelerators and incubators have been in Washington DC, Chicago, San Francisco. Our business model was Pinterest. It goes to show you that the business model was good but we just … We’re not the right team. Taste the product.

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Lessons Learned: Refactoring yourself out of business

Startup Lessons Learned

Compounding is not a process that most people find intuitive, and thats as true in engineering as it is in finance, so it requires a lot of encouragement in the early days to stay the course. Eric - There is definitely a business/marketing analog to exactly this situation that happens a lot too.