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Open Source Business Model

SoCal CTO

A friend of mine has a company that builds open source applications in spaces that are a bit less innovative than Elgg, but they do very well financially through the packaging and support models. There are quite a few other Software Development Companies in Southern California working on open source and/or freemium business models.

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Monetizing Social Networks: The Four Dominant Business Models and How You Should Implement Them in 2010

venturedig.com

The business models within the social media realm are much different than traditional businesses. In social networking, they’re ever-changing, backed by eye-opening revenue and have very little documentation. Display Ads: This is your bread and butter business model.

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It’s Not a Conversion Problem, It’s a Customer Development Problem

ConversionXL

This is a customer development problem. By the end of this article, you should have a better understanding of how to develop new products or tweak your existing offerings by working with existing or prospective customers to incorporate their feedback to create viable solutions to their problems, and clearly communicate their value.

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A New Way to Teach Entrepreneurship – The Lean LaunchPad at Stanford: Class 1

Steve Blank

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Even if they did, what if the assumption – that we had developed a better approach to teaching entrepreneurship – was simply mistaken?

Lean 303
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Aiiooo.com – A Virtual Social Network For Pets

YoungUpstarts

For those who’d rather not have pictures of animals flooding our timelines, here’s a tip: introduce pet-owning friends to Aiiooo ( www.aiiooo.com ), a fully-fledged social network for pets. ” “So we created a place for them to interact, socialize and spend quality time together online.”

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10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

The most common proposals I hear are for yet another social networking site ( 200 on Wikipedia ), or another dating site/app ( over 1500 in the USA ). Business risks are not just development risks. Based on ROI, incentives should be developed for all participants. Value creation. Net result and reward.

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How To Build A Great Startup In The Age Of Disruption

Startup Professionals Musings

Customers have come to expect disruptive change, so yet another social network is not the way to get traction. It was written by Terence Mauri, who has worked extensively with Sir Richard Branson and the London Business School. Develop a learn-fast mindset to seek the latest and the future.