article thumbnail

Why a Company Can’t “Be More Like a Startup”

Steve Blank

Initially, a startup has no business model and no market share to defend. If they select a business model that targets industry incumbents, they don’t have to worry about upsetting existing customers, partners or distribution channels. Its employees and investors don’t depend on an existing revenue stream.

Startup 275
article thumbnail

Times Square Strategy Session – Web Startups and Customer Development

Steve Blank

I was in New York last week with my class at Columbia University and several events made me realize that the Customer Development model needs to better describe its fit with web-based businesses. Eric Ries in Times Square For any model to be useful it has to predict what happens in the real world – including the web.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Flexible VC, a New Model for Companies Targeting Profitability

David Teten

Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. Eligible for favorable treatment under Qualified Small Business Stock exemption, if structured as equity. Typical business stage.

article thumbnail

Friday Funism: JDCC

View from Seed

Like other investors, we at NextView have a number of frameworks which we use to evaluate decisions on making new investments. All early stage venture firms essentially look at some weighting of team, market, product, and traction. JDCC stands for “Jaw-Dropping customer value through a Competition-Crushing business model.”.

Boston 149
article thumbnail

A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Some were Silicon Valley early stage companies, such as Apple, Quantum, and Masstor Systems.

article thumbnail

What Makes an Entrepreneur (3/11) – Ability to Pivot

Both Sides of the Table

To be clear: most serial entrepreneurs who are working on an early-stage concept know that whatever they’re working on in year 1 is likely to be dramatically different than what they’re doing in year 5. That might even mean a totally different business or it might just be a totally different business model.

article thumbnail

Why Entrepreneurs Start Companies Rather Than Join Them

Steve Blank

And why funding from families and friends is a dominant source of financing for early-stage ventures (because friends and family know an entrepreneur’s ability better than any resume can convey). tend to gravitate toward entrepreneurship. There was little loss when they missed hiring employees who had entrepreneurial skills.