Steve Blank

APRIL 23, 2018

A version of this article appeared in the Harvard Business Review. The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Elon Musk, Alfred Sloan, and entrepreneurship in the automobile industry. The next year, 1910, trouble hit.

Michigan 275

Michigan Cofounder Stock Forecast 275

Startup Professionals Musings

OCTOBER 23, 2021

They sell into multiple verticals, or pursue multiple revenue streams, such that they can’t develop a repeatable, scalable sales process, and don’t do anything well. Of course, relevancy doesn’t work if you don’t have a winning business model.

Early Stage 379

Early Stage Vertical Sales Global 379

David Cohen

AUGUST 22, 2012

After the market downturn, I think that investors in general got more picky about “real” revenue models. Since 2009, people have consistently been pronouncing the model dead. As an example, one of the areas that I like to invest in is vertical search. With vertical search, it’s all about the crack.

Vertical 110

Vertical Search Business Model Software Developers 110

A Smart Bear: Startups and Marketing for Geeks

JANUARY 13, 2015

Often your best estimate of any metric or market behavior or business model component is at best accurate within a power of ten, for example “expected conversion rate between 0.5% and 5%” or “cost to acquire a customer between $50 and $500″ or “average monthly revenue per customer between $20 and $200.”

Business Model 120

Business Model Affiliate Startup Bootstrapping 120

ReadWriteStart

MAY 24, 2021

Also, the revenue from this platform will be $79,608 million in the year 2021.” . With this data, let us move on to the different aspects involved in creating a food delivery business like UberEats. Initially, Uber launched its vertical in the food delivery services with the name UberFresh. Business Model Followed By UberEats.

Business Model 168

Business Model Social Media Mobile Revenue 168

Hearpreneur

DECEMBER 8, 2019

Thanks to Allison R Lancaster, Online Business Solutions by Allison R. 2- Transformative development. 2019 was full of transformative development for Intellifluence. I can’t wait to see what 2020 brings! Lancaster ! #2- Photo Credit: Joe Sinkwitz. Photo Credit: Matt Daigle. There is so much for me to be proud of in 2019!

Entrepreneur 120

Entrepreneur Technical Review Vertical Las Vegas 120

Steve Blank

OCTOBER 31, 2014

There’s nothing wrong with a business that supports you and perhaps an extended family. But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. With 317 million people the U.S.

Global 335

Global Australia Silicon Valley China 335

Steve Blank

SEPTEMBER 24, 2009

The Founder’s New Insight Smart founders are never satisfied with simply executing their current business model, they are constantly observing, orienting and deciding whether their current business model can be made better. It’s a natural part of learning about your customers and business model.)

Customer 201

Customer Silicon Valley RSS California 201

YoungUpstarts

OCTOBER 19, 2017

by Steve Owens, Founder and CTO of Finish Line Product Development Services. The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. The objective of a start-up is to discover a business model that works. Extending the runway.

Product Development 153

Product Development Lean Developer Product 153

Steve Blank

JUNE 8, 2009

In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. In contrast to simply executing your business plan, the Customer Development process is built on low-cost and continuous learning and iterating.

Vertical 123

Vertical Silicon Valley RSS Marketing 123

Steve Blank

SEPTEMBER 14, 2009

Five Quarters of Profitability During the 1980’s and through the mid 1990’s startups going public had to do something that most companies today never heard of – they had to show a track record of increasing revenue and consistent profitability. There was now a public market for companies with no revenue, no profit and big claims.

Silicon Valley 223

Silicon Valley IPO Technical Review Venture Capital 223

Startup Professionals Musings

JANUARY 6, 2019

They sell into multiple verticals, or pursue multiple revenue streams, such that they can’t develop a repeatable, scalable sales process, and don’t do anything well. Of course, relevancy doesn’t work if you don’t have a winning business model.

Startup 242

Startup Early Stage Vertical Sales 242

The Next Web

SEPTEMBER 22, 2013

If you pick one vertical and do it well, other folks will find you. When I started Shapeways, complex software needed to be built and when I first reached out to developers, a lot of them laughed and told me it was impossible. Figure out what your milestones are – customers, pageviews, revenue, etc. – Find your niche.

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

View from Seed

MARCH 29, 2018

We wanted to learn more about the nuanced industry market forces before applying the same hands-on investing model we do with tech startups in other verticals. We don’t seed companies that are developing drugs or medical devices that will require FDA approval. I should make clear that we are not life science investors.

Vertical 120

Vertical Stealth Portfolio Seed Capital 120

Growthink Blog

FEBRUARY 27, 2010

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. revenues from internet video services spanning user-generated content to television shows and movies will exceed $7 billion this year. Annual U.S.

Los Angeles 85

Los Angeles Silicon Valley Technical Review Distribution 85

The Next Web

OCTOBER 2, 2013

For mobile app developers, the impressive figures are enticing. In this aspect, China’s huge market seems ripe for the taking — and which firms are better-placed to do so than homegrown startups, especially app developers looking to conquer the mobile market? That’s why the free business model is so popular in China.

China 122

China Developer Intellectual Property Mobile 122

Startup Professionals Musings

AUGUST 5, 2013

A good many startups I know have been “successful” over a couple of years in overcoming the challenges of starting the business, including incorporation, services development, funding, and setting up operations. Maintenance contracts are another great way to create a brand-new revenue stream. Streamline management costs.

Entrepreneur 234

Entrepreneur Vertical Reputation Valuation 234

A Smart Bear: Startups and Marketing for Geeks

MARCH 21, 2017

Revenue multiples, profit multiples, premium over the previous financing — these are metrics used by sellers to help determine a minimum acceptable price. Even for startups, it takes years for a new product to become good enough to demand many millions of dollars in revenue.).

Balance Sheet 242

Balance Sheet Vertical Acquisition Revenue 242

Startup Professionals Musings

JUNE 30, 2013

They sell into multiple verticals, or pursue multiple revenue streams, such that they can’t develop a repeatable, scalable sales process, and don’t do anything well. Of course, relevancy doesn’t work if you don’t have a winning business model.

Startup 293

Startup Early Stage Vertical Sales 293

Steve Blank

NOVEMBER 5, 2009

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Is there a profitable business model? How many are there? Can it scale?”

Customer Development 264

Customer Development Developer Customer Silicon Valley 264

Startup Professionals Musings

MAY 28, 2012

They sell into multiple verticals, or pursue multiple revenue streams, such that they can’t develop a repeatable, scalable sales process, and don’t do anything well. Of course, relevancy doesn’t work if you don’t have a winning business model.

Startup 247

Startup Early Stage Vertical Sales 247

Startup Professionals Musings

JULY 6, 2012

A good many startups I know have been “successful” over a couple of years in overcoming the challenges of starting the business, including incorporation, services development, funding, and setting up operations. Maintenance contracts are another great way to create a brand-new revenue stream. Streamline management costs.

Startup 236

Startup Vertical Reputation Valuation 236

YoungUpstarts

NOVEMBER 16, 2012

by Lonnie Sciambi, author of “ Secrets to Entrepreneurial Success “ It never ceases to amaze me how many small business owners think that having multiple sources of revenue, often across multiple market types is a good business model. Bring me your tired, your poor, your huddled masses…!

Vertical 182

Vertical Bankruptcy Small Business Sales 182

Startup Professionals Musings

DECEMBER 17, 2016

They sell into multiple verticals, or pursue multiple revenue streams, such that they can’t develop a repeatable, scalable sales process, and don’t do anything well. Of course, relevancy doesn’t work if you don’t have a winning business model.

Startup 120

Startup Early Stage Vertical Sales 120

Austin Startup

FEBRUARY 16, 2020

Its automated platform collects and allocates revenues in real-time, from tickets sold to filmmakers’ pockets. They developed this solution in partnership with Imperial College in London, where the FilmChain HQ is located, and Creative Destruction Lab accelerator in Toronto.

Cofounder 88

Cofounder Vertical Austin Revenue 88

Startup Professionals Musings

MARCH 28, 2011

A good many startups I know have been “successful” over a couple of years in overcoming the challenges of starting the business, including incorporation, services development, funding, and setting up operations. Maintenance contracts are another great way to create a brand-new revenue stream. Streamline management costs.

Startup 230

Startup Vertical Reputation Valuation 230

Austin Startup

FEBRUARY 10, 2020

See Betmarkets talk about their business model in the category Innovative World Technology between 5 and 6 pm Saturday, March 14, before a live audience and a panel of expert judges. Attaining $100,000 in monthly recurring revenue and securing a business partner in the United States are major goals. It’s that simple!

Portugal 62

Portugal Investment Bankers United States Cofounder 62

Austin Startup

FEBRUARY 10, 2020

See Betmarkets talk about their business model in the category Innovative World Technology between 5 and 6 pm Saturday, March 14, before a live audience and a panel of expert judges. Attaining $100,000 in monthly recurring revenue and securing a business partner in the United States are major goals. It’s that simple!

Portugal 62

Portugal Investment Bankers United States Cofounder 62

Steve Blank

APRIL 30, 2009

Initially your job is to understand each of the parts of your business model before you hire someone to do it. Hopefully you and your co-founders are experts in one or two parts (agile development, SEO/SEM, etc.) But the rest; sales, marketing, bus dev is actually customer development that the founder needs to understand.

Sales 120

Sales Silicon Valley RSS Las Vegas 120

Austin Startup

FEBRUARY 21, 2020

Sisu is currently expanding its product portfolio and geographic scale to develop additional cutting-edge, patented, clinically proven medical devices, and to create a system for medical device commercialization in emerging markets. This will require new partners, new skill sets, and new business model innovation.

Baltimore 62

Baltimore Africa South Africa Michigan 62

Hippoland

OCTOBER 16, 2016

How does a social app such as Snapchat get funded vs say a developer tools company like New Relic? Open source libraries (such as TensorFlow) make technology more accessible for less skilled or self-taught developers such as myself to use. When I was an entrepreneur, I had no idea how this all worked. So what is in this category?

Startup 48

Startup Vertical Early Stage Bootstrapping 48

Duct Tape Marketing

AUGUST 27, 2019

They moved everything to the online model in late 2013, early 2014, and that’s when kind of landed on the current online learning business model. Matt Cooper: We have focused in on creative as our real sort of core vertical and core area of expertise over the last 12, 18 months, in particular. Matt Cooper: We have.

Community 61

Community South Africa Software Global 61

Hearpreneur

FEBRUARY 19, 2023

No-code and low-code platforms are making it easier to develop an app, build a platform, or build digital businesses that were once saved for people with in-depth technical knowledge or deep enough pockets to hire them. Overall, the future of entrepreneurship is a combination of innovation, adaptability, and resilience.

Artificial Inteligence 108

Artificial Inteligence Technical Review Entrepreneur Global 108

abovethecrowd.com

APRIL 17, 2013

With each hand, a small percentage of the pot is scraped off by the dealer, which in essence becomes the “revenue” for the casino. While casinos use the term “rake,” a plethora of interesting word choices exist which all describe the same thing – keeping a little bit of the revenue for the company that is running the service.

Europe 101

Europe Social Network Technical Review IPO 101

Hippoland

AUGUST 8, 2018

Diving in a bit more into some thoughts here: 1b) Ad-based revenue streams generally have terrible unit economics. A typical ad-based revenue stream on a media website is around $5 per 1000 eyeballs ($5m CPM and give or take $1-$20ish CPMs). But this is incredibly hard to do, and most sites cannot do this at scale. Product second.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Hippoland

AUGUST 8, 2018

Diving in a bit more into some thoughts here: 1b) Ad-based revenue streams generally have terrible unit economics. A typical ad-based revenue stream on a media website is around $5 per 1000 eyeballs ($5m CPM and give or take $1-$20ish CPMs). But this is incredibly hard to do, and most sites cannot do this at scale. Product second.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Steve Blank

MAY 26, 2009

Verticals Are Different I began to realize that entrepreneurs (and their professors) act like every vertical market and industry has the same set of rules. So the first heuristic is: do not assume the startup rules are the same for all vertical markets. Just for discussion, the markets I chose were: Web 2.0,

Vertical 151

Vertical Silicon Valley Intellectual Property RSS 151