Steve Blank

APRIL 23, 2018

Within each brand there were several models at different price points. Finally, GM created the notion of perpetual demand within brands by continually obsoleting their own products with new models rolled out every year. Think of the iPhone and its yearly new models.). What Does GM Have to Do with Tesla And Elon Musk?

Michigan 296

Michigan Cofounder Stock Forecast 296

Steve Blank

AUGUST 31, 2009

Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model. Look at the Product Development model and you might wonder, “Where are the customers?” Look at the early Silicon Valley companies – Homebrew Club =>PCs. before you ship.

Customer Development 244

Customer Development Developer Customer Silicon Valley 244

Steve Blank

OCTOBER 31, 2014

The trap most of them fell into (common almost everywhere): they were reading the blog posts and advice of Silicon Valley-based companies and believing that it uniformly applied to them. For example, many of the Australian sports tech business models shared common elements. It doesn’t. Born Global or Die Local.

Global 335

Global Australia Silicon Valley China 335

Austin Startup

MARCH 3, 2020

The approach allows users to generate limitless amounts of training data on-demand; customizing the camera type, lighting conditions, occlusions, and materials in a training set purpose generated for each application. Launching our public dashboard tool for on-demand training data generation. What is your top goal for LexSet for 2020?

Technical Review 63

Technical Review Los Angeles Cofounder Silicon Valley 63

Austin Startup

MARCH 15, 2017

By the time Silicon Valley white privilege culture, tech magazines that promote only white faces, Ethereum/Bitcoin fanboys, sellout black tech wannabees and globalists promoting their blockchain consortium get a hold of this article, it’s already too late and the game already ended a while ago.

Technical Review 54

Technical Review Silicon Valley Software Review XML 54

The Startup Magazine

JUNE 1, 2023

By Daniel Sokolovksy, Co-Founder and CEO, WARP and Troy Lester, Co-Founder and CRO, WARP The dissolution of Silicon Valley Bank (SVB) was more than just a bank collapse, it was a reality check for both startups and the VCs that fund them. And they probably never will be unless business model viability is reassessed across the board.

Early Stage 118

Early Stage Los Angeles Silicon Valley Cofounder 118

Steve Blank

NOVEMBER 21, 2016

If there was any doubt among the teams about the value of what they’re learning, Blinken put it to rest with a compelling overview of how so many of today’s complex global problems – from stopping Ebola to monitoring cease-fires and improving food security – demand innovative, tech-based solutions.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

NOVEMBER 21, 2016

If there was any doubt among the teams about the value of what they’re learning, Blinken put it to rest with a compelling overview of how so many of today’s complex global problems – from stopping Ebola to monitoring cease-fires and improving food security – demand innovative, tech-based solutions.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Startup Professionals Musings

MAY 1, 2019

Unfortunately, your next stage of scaling the business is fraught with potential oversights that can lead to the downfall of even the best-laid business plans. With the real data from that surge, you need to take a hard look at business model realities, cost of customer acquisition, inventory costs, and other key metrics.

Silicon Valley 215

Silicon Valley Bankruptcy Metrics Valuation 215

Steve Blank

APRIL 30, 2009

Customers went into the store either looking for the SuperMac product by name (if our demand creation activities had been effective) or went in unsure of which brand of board to buy. Your design or ad agencies can impress you with their awards, but if you’re not moving product or creating demand, you’ve missed the point.

Sales 120

Sales Silicon Valley RSS Las Vegas 120

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Silicon Valley, New York). Yet boards of large companies exist to monitor efficient strategy and execution of a known business model.

Silicon Valley 297

Silicon Valley Business Model Venture Capital Balance Sheet 297

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Silicon Valley, New York). Yet boards of large companies exist to monitor efficient strategy and execution of a known business model.

Silicon Valley 270

Silicon Valley Business Model Venture Capital Balance Sheet 270

ReadWriteStart

JUNE 16, 2011

Freshdesk First, Girish Mathrubootham from Chennai, India, pitched Freshdesk , a SaaS company that provides small and medium businesses with on-demand customer support software that offers multi-channel social support. The company already has paying customers and a validated business model.

India 123

India Bootstrapping Non-Compete Entrepreneur 123

thebarefootvc

JUNE 15, 2014

The ingenuity of a rural farmer in Africa is on par with some of the greatest innovation I’ve seen in the heart of Silicon Valley, particularly in light of the lack of “formal” training and mentorship many of us experience in the developed world.

Africa 106

Africa India Bangladesh United States 106

Up and Running

MAY 3, 2012

Entrepreneurship continues to be a sexy topic for governments, with every country worth its salt trying to create its own tech hub, mimicking Silicon Valley. We should remind them that, as Steve Blank said, “a startup is an organization formed to search for a repeatable and scalable business model.”

Entrepreneur 82

Entrepreneur Technical Review Silicon Valley Lean 82

ReadWriteStart

APRIL 14, 2011

While the basic premise is compelling, and I am very interested in entrepreneurship opportunities in this area, the business model is flawed. The 1M/1M premium program offers entrepreneurs access to on-demand educational, business development and incubation resources and strategy discussions with me for $1,000 per year.

India 126

India Technical Review Entrepreneur Silicon Valley 126

Gust

AUGUST 22, 2012

As our group sweltered in the July heat on the outskirts of Cairo , each of these purported minions of the state — none of whom wore a uniform or badge — in turn blocked our entry, determined to exercise the modest amount of authority bestowed on him by demanding that my host surrender his digital SLR camera.

Technical Review 172

Technical Review Egypt Morocco Russia 172

Steve Blank

JANUARY 25, 2010

In this post we’re going to offer a new definition of why startups exist : a startup is an organization formed to search for a repeatable and scalable business model. A Business Model. Ok, but what is a business model ? A business model describes how your company creates, delivers and captures value.

Agile 335

Agile Startup Silicon Valley Business Model 335

Growthink Blog

FEBRUARY 27, 2010

What is the future of Pay-Per-View/Video-on-Demand (PPV and VOD)? Video-on-demand alone is estimated to grow from a $1.1 billion dollar business this year to $5 billion by 2012, taking market share away from DVD retailers and intensifying the carriers' ambition to bid for the best (and first run) titles. Has the U.S.

Los Angeles 85

Los Angeles Silicon Valley Technical Review Distribution 85

Steve Blank

OCTOBER 3, 2014

The next week they came back in class and presented this : Each week we’d teach them about one more part of what makes up a business model. Like all great Silicon Valley companies they started with a technology and guessed who the customers will be. Now they were figuring out how to create demand.

Lean 278

Lean Silicon Valley Customer Development Incubator 278

thebarefootvc

FEBRUARY 1, 2011

I feel incredibly lucky, to work with an extraordinary group of individuals who are passionate about innovation (in all forms, in business models, funding structures and technology) AND I get to meet inspiring, brilliant entrepreneurs every day.

Silicon Valley 45

Silicon Valley India Africa Burma 45

Hunter Walker

JANUARY 7, 2016

Living in Europe with easy access to different countries, divergent points of view, and experiencing the spectrum of “outsider” status relative to Silicon Valley has been life changing and a career choice I would recommend to everyone even if only for a couple of years. Small perspective shifts make an impact.

Silicon Valley 48

Silicon Valley Sweden Europe Product 48

Steve Blank

MARCH 18, 2011

The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. But the bubble mantra of get “big fast” and “first mover advantage” demanded tens of millions more to create a “brand.” Carpe Diem.

Internet 335

Internet IPO Silicon Valley Agile 335

Steve Blank

APRIL 5, 2010

By getting out of the building on a team project, the class helped students viscerally understand that a startup is a search for a profitable business model. Students formed teams, came up with a business idea then talked to customers, vendors and sales channel partners to validate their business model.

Silicon Valley 127

Silicon Valley Business Model Customer Development Engineer 127

K9 Ventures

JUNE 12, 2012

Some days in Silicon Valley it feels like there are more investors than there are entrepreneurs. Yes, sometimes it’s because the market opportunity demands moving quickly, but sometimes, VCs push growth on their companies more to push their own agenda, than what’s right for the company.

Venture Capital 117

Venture Capital Silicon Valley Founder Seed Stage 117

Steve Blank

AUGUST 20, 2009

Do you know how they create demand? Rule 1: In an existing market Customer Development means not only understanding potential customers, but your competitors in detail – their product features, their sales channels, their demand creation strategy, their business model, etc. Me – “Have you used Company x’s product?

Silicon Valley 206

Silicon Valley Startup RSS Customer Development 206

K9 Ventures

JUNE 12, 2012

Some days in Silicon Valley it feels like there are more investors than there are entrepreneurs. Yes, sometimes it’s because the market opportunity demands moving quickly, but sometimes, VCs push growth on their companies more to push their own agenda, than what’s right for the company.

Venture Capital 105

Venture Capital Silicon Valley Founder Seed Stage 105

Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Provide specifics on the customer business model.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

thebarefootvc

JUNE 15, 2014

The ingenuity of a rural farmer in Africa is on par with some of the greatest innovation I’ve seen in the heart of Silicon Valley, particularly in light of the lack of “formal” training and mentorship many of us experience in the developed world.

Africa 40

Africa India Bangladesh United States 40

Steve Blank

JUNE 5, 2009

You make several first order approximations about your business model, distribution channels, demand creation, and customer acceptance. Steve Blanks 30 years of Silicon Valley startup advice. Faith-based Entrepreneurship At first, entrepreneurship is a Faith-based initiative. Order Here. Now In Print!

Silicon Valley 234

Silicon Valley RSS Vertical California 234

Feld Thoughts

OCTOBER 26, 2014

With the utility business model currently under pressure around the world from disruptive forces that many in the industry refer to as a “ death spiral ,” the city’s assertion that this money will soon be repaid should be carefully examined by every citizen and business leader in town.

New Mexico 138

New Mexico Silicon Valley Mexico Florida 138

ReadWriteStart

JUNE 13, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Silicon Valley, New York). Yet boards of large companies exist to monitor efficient strategy and execution of a known business model.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Steve Blank

NOVEMBER 19, 2009

Was Ardent’s business model flawed from the start for being so short on potential customers with deep pockets? Reply BillSeitz , on November 23, 2009 at 4:51 am Said: Did you put your pinky next to the corner of your mouth and demand “1 beellion dollars&# ? Steve Blanks 30 years of Silicon Valley startup advice.

Silicon Valley 210

Silicon Valley San Diego RSS California 210

Austin Startup

AUGUST 20, 2017

That will keep the Silicon Valley wags buzzing for some time to come. Do they perceive enough value to pay prices that create for you a profit margin that matches your business model? Is there a development step that you must take to fulfill demand for a particular use case, and, if so, how does that cost get absorbed?

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Steve Blank

JUNE 8, 2009

Innovation – Business Model? Marketing – How do you create end user demand? Business Development – What type of partnership or whole product is needed? Steve Blanks 30 years of Silicon Valley startup advice. Where do the ideas come from? Technology? Customers – Who are the Users? Who are the economic buyers?

Vertical 125

Vertical Silicon Valley RSS Marketing 125

Austin Startup

JUNE 8, 2017

The Forrest Four-Cast: June 8, 2017 In May 2016, Uber and Lyft abruptly departed Austin as a way to voice their opposition to a city-implemented regulation that both companies felt would hinder their business model.

Austin 48

Austin Silicon Valley Phoenix Texas 48

Steve Blank

AUGUST 8, 2016

No MBA business model would ever come out with, “Hey we’re going to go target the academics.” Everyone comes up now — the VCs, the market – and they say, “Hey wow, that was a beautiful business model. ” If you can’t hear the clip, click here. You guys were geniuses.”

Cofounder 149

Cofounder New York City Entrepreneur New York 149