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The Helsinki Spring

Steve Blank

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. This is the first of two posts about Finland and entrepreneurship. It’s hard enough to pick which existing companies with known business models to aid.

Finland 325
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The Helsinki Spring

ReadWriteStart

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. This is the first of two posts about Finland and entrepreneurship. steve blank in finland sept 2011 View more documents from steve blank. 9-to-5 Venture Capital. Discuss.

Finland 158
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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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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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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.