Startup Professionals Musings

FEBRUARY 10, 2023

Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. To get the terms you want, it’s better to start with your own term sheet.

Technical Review 345

Technical Review Due Diligence Term Sheet Offshore 345

Startup Professionals Musings

APRIL 4, 2022

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Apply for contests and business grants. Commit to a major customer.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

SEPTEMBER 5, 2018

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim.

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

MAY 17, 2020

The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it. Offer free solutions to bring in more customers. Don’t get caught in the myth that you shouldn’t worry about monetization until after you have a large customer base.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

Startup Professionals Musings

DECEMBER 6, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Apply for contests and business grants. Commit to a major customer.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Steve Blank

JUNE 8, 2021

– while simultaneously building a series of minimal viable products. Unlike traditional demo days or Shark Tanks which are, “Here’s how smart I am, and isn’t this a great product, please give me money,” a Lessons Learned presentation tells the story of a team’s 10-week journey and hard-won learning and discovery.

Lean 413

Lean Security Asia SBIR 413

Hearpreneur

JANUARY 25, 2023

. #1- Virtual assistance Photo Credit: Abdul Saboor It is my opinion that the need for virtual assistants is great since there is such a high demand for new businesses and there is such a large increase in the number of new enterprises opening their doors. That suggests that a store selling baby products could be a successful venture.

Software Review 118

Software Review Technical Review Artificial Inteligence Entrepreneur 118

Startup Professionals Musings

OCTOBER 17, 2020

So why do I see some many funding requests for products along these lines? Here are some key drivers that will likely lead you to a fundable idea: A business crisis. Other countries can provide e-commerce with different business models, outsource manufacturing at low cost, and a huge market for new products.

Customer 417

Customer Startup China California 417

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. More importantly, it makes no demands of you to stand and deliver your weekly customer development progress in front of your peers.

Startup 335

Startup Lean Incubator Business Model 335

Startup Professionals Musings

MAY 11, 2020

Investor due diligence on a startup is not a mysterious black art, but is nothing more than a final integrity check on all aspects of your business model, team, product, customers, and plan. To get the terms you want, it’s better to start with your own term sheet.

Technical Review 310

Technical Review Due Diligence Term Sheet Offshore 310

Startup Professionals Musings

JUNE 30, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Apply for contests and business grants. Commit to a major customer.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

The Startup Magazine

SEPTEMBER 15, 2020

It is possible to attract a venture capital partner with an idea for a business, but most deals are closed after the business has a founding team , a minimum viable product or MVP, and customers. This will be your calling card and a good jumping-off point to discuss your business with potential investors.

Venture Capital 144

Venture Capital Technical Review Software Review Security 144

Startup Professionals Musings

AUGUST 2, 2019

A refrain I often hear from technology entrepreneurs to investors is that their product or solution is so innovative that it will cause a “paradigm shift” in the industry. Due to qualms of customers and governments, he sold less than 30,000 of the devices over the next five years.

Technical Review 226

Technical Review Leadership Portfolio Matching 226

NZ Entrepreneur

JUNE 19, 2023

In addition to receiving immediate help navigating the tricky process of turning an idea into a feasible business model, upon completing the programme the budding entrepreneurs stand to be connected with local startup hubs and accelerator programmes for follow-on assistance and investment should they require it. .

New Zealand 98

New Zealand Technical Cofounder Early Stage Entrepreneur 98

NZ Entrepreneur

SEPTEMBER 29, 2021

experiments to build a product, find customers, test business models and hire amazing people. Underpinning this growth is good governance. In order to understand startup governance, you need to understand risk and reward. Creating this value is anchored in finding a repeatable, scalable business model.

Technical Review 88

Technical Review Software Review New Zealand Due Diligence 88

YoungUpstarts

MARCH 22, 2019

Stay compliant with ATO and government legislation through automated updates to tax and payroll processes. Are you providing customers with a service, such as a trade or consultancy, or selling a product? Receiving payments and maintaining cash flow will be the life blood of your business. Marketing.

Software Review 176

Software Review Due Diligence Startup Stock 176

Steve Blank

AUGUST 21, 2013

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? —— When I wrote Four Steps to the Epiphany and the Startup Owners Manual , I believed that Life Sciences startups didn’t need Customer Discovery. used to serve those customers.

SBIR 319

SBIR Technical Review Lean Startup 319

Startup Professionals Musings

JULY 14, 2014

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Apply for contests and business grants. Commit to a major customer.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Startup Professionals Musings

OCTOBER 2, 2023

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. Commercial product prototypes.

Angel Investor 256

Angel Investor Early Stage Incubator Government 256

Startup Professionals Musings

FEBRUARY 19, 2013

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Apply for contests and business grants. Commit to a major customer.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

YoungUpstarts

JANUARY 21, 2016

by Joseph Michelli, author of “ Driven to Delight: Delivering World-Class Customer Experience the Mercedes-Benz Way “. All leaders know this in theory … but how many are willing to bet their paychecks on their ability to knock the customer’s socks off? Customer-driven compensation makes people uncomfortable.

Employee 100

Employee Customer Leadership Metrics 100

Startup Professionals Musings

JANUARY 12, 2018

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Apply for contests and business grants. Commit to a major customer.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Steve Blank

JUNE 12, 2020

32 students were scattered across the globe and given a seemingly impossible assignment- they had 10 weeks to understand and then solve a real Dept of Defense problem – by interviewing 100 beneficiaries, stakeholders, requirements writers, et al while simultaneously building a series of minimal viable products – all while never leaving their room.

Oakland 313

Oakland Asia Lean Video 313

Board Effect

AUGUST 28, 2023

While a nonprofit isn’t a business per se, nonprofits often conduct business activities. Nonprofits employ staff and volunteers, and they sometimes conduct business transactions with vendors and customers. Among the many challenges nonprofits face, is there room for ethical responsibility in business activities?

Software Review 52

Software Review Government Reputation Employee 52

Startup Professionals Musings

AUGUST 7, 2023

These components can totally change your customer value proposition, or the business model that you have honed. Re-validate your business model in every market. Uber and Airbnb are current examples of entrepreneurial efforts that are struggling with government regulations in new markets.

Global 276

Global Algorithm Business Model Social Media 276

Startup Professionals Musings

JANUARY 18, 2021

Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. Commercial product prototypes.

Early Stage 412

Early Stage Angel Investor Incubator Government 412

Steve Blank

JUNE 26, 2015

government to help them innovate faster– not just kind of fast, but 10x the number of initiatives in 1/5 the time. In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. A 50x speedup kind of fast.

Lean 120

Lean Management Business Model Incubator 120

Startup Professionals Musings

APRIL 12, 2021

In my experience as a business advisor and occasional investor, many of you won’t make it that far, succumbing to the high costs of getting those first customers, funding an initial inventory, and building an operational support process. Actively seek out government and local incentives.

Dilution 404

Dilution Incubator Bootstrapping Government 404

Steve Blank

APRIL 14, 2013

business models. Small startups act the same way, simply cloning each other’s products. The Chinese government must be laughing hysterically over U.S. When the Chinese government censors (run by their propaganda department ) shutdown access to yet another U.S. Of course “copy” is too strong a word.

China 327

China Silicon Valley Non-Compete Intellectual Property 327

Steve Blank

OCTOBER 9, 2018

They use the Business Model (or Mission Model ) Canvas to keep track of their key hypotheses and then rapidly test them by talking to customers and iterating their Minimal Viable Products. This allows them to quickly find product/market fit. local city and county laws come from local government.

Marketing 325

Marketing Startup Government SEC 325

Startup Professionals Musings

APRIL 17, 2023

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. For investors, this is the idea stage , where you may have a great idea, but no plan, product, or customers, and probably no success record in this business domain.

Angel Investor 313

Angel Investor Intellectual Property Investment Bankers Private Equity 313

ReadWriteStart

JUNE 1, 2020

You must have a prototype or a minimum viable product (MVP). One should also establish the proof of concept of your business before you can qualify for funding. Ground rules of funding. ? Firstly, not all businesses are fundable. This kind of funding is only applicable if the product is unique and innovative.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Steve Blank

FEBRUARY 23, 2016

As we prepared for the new Hacking for Defense class at Stanford, we had to stop and ask ourselves: How do we use the Business Model Canvas if the primary goal is not to earn money, but to fulfill a mission? In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue?

Business Model 120

Business Model Revenue Channel Community 120

Steve Blank

JULY 25, 2023

This meant the class was team-based, Lean-driven (hypothesis testing/business model/customer development/agile engineering) and experiential – where the students, rather than being presented with all of the essential information, must discover that information rapidly for themselves. Characteristics of each.

Lean 295

Lean Chile Ukraine Spain 295

Steve Blank

MARCH 3, 2015

Over my career as a serial entrepreneur I observed that since the late 1990s, no early-stage Silicon Valley investor had used business plans to screen investments. Traction and evidence from customers were what investors were looking for – even in “slow” sectors like healthcare and energy. The Business Plan is Dead.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Steve Blank

JULY 13, 2021

Analyzing a case in the classroom, removed from the realities of a new venture, adds little to an entrepreneur’s preparation for the chaos, uncertainty, and conflicting customer responses that all entrepreneurs face. The reality is that most business plans don’t survive first contact with customers.

Lean 436

Lean Agile Business Model Business Plan 436

Board Effect

APRIL 15, 2019

With so much change evolving in the corporate arena, this is a prime time for companies and organizations to evaluate regulations at every level, assess customer and workforce demographics, and evaluate business models. Nomination and governance committees have a leadership role related to board effectiveness and governance.

Software Review 75

Software Review Government Technical Review Software 75