Grant Applications Often Provide Early-Stage Funding

Startup Professionals Musings

A critical stage for most first-time entrepreneurs is getting their idea developed into at least a prototype to validate their technology. Acquiring seed-stage funding is admittedly tough, but a source that I find often overlooked is government grant funding, accessible in the U.S.

Early-Stage Startups Need Friends, Family, and Fools

Startup Professionals Musings

Friends and family will likely not expect the same level of sophistication on the business model and financials as a professional investor, but they do expect to see certain things. Think hard about the consequences of a possible startup failure and the loss of their funding.

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Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

Part 2: Early-stage Regional Venture Funds. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. Few entrepreneurs find this scalable and repeatable business model because it’s not easy.

7 Seed-Stage Funding Sources To Finance Your Startup

Startup Professionals Musings

I challenge any entrepreneur, for example, to define the difference between "seed-stage" and "early-stage" financing. Asking for early-stage money before you have customers and revenue will likely kill your credibility with real investors.

5 Ways to Save Costs as a StartUp

The Startup Magazine

Launching a startup is both an exciting and challenging time in an entrepreneur’s life. With so many different areas of business to focus on, budget can often be neglected. One of the most important things to consider when growing your startup is how to save money and reduce costs.

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Thoughts on quant approaches to early stage investing

The Equity Kicker

There’s a lot of good insight to be drawn from this data, but nobody (with the possible exception of Mattermark) is saying it’s possible to build a predictive model that estimates a startup’s chances of success. ‘Quant VC’ is a hot topic at the moment.

What’s Your VC Tech Stack? Results from a Survey of Early-Stage VC Funds

David Teten

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. Lisa Edgar, Managing Director at fund of funds Top Tier Capital Partners , observed: “It’s not surprising that venture capitalists are using software to help manage their business.

8 Key Actions for Entrepreneurs Needing Early Money

Startup Professionals Musings

Friends and family will likely not expect the same level of sophistication on the business model and financials as a professional investor, but they do expect to see certain things. Think hard about the consequences of a possible startup failure and the loss of their funding.

Open Source Business Model

SoCal CTO

skip to main | skip to sidebar SoCal CTO Monday, March 5, 2007 Open Source Business Model A recent spate of posts on the challenges of running an open source business is interesting ( Tosh , Siemens , Downes , Tosh 2 ) and quite heated as one of the founders of elgg - a social networking platform aimed at the educational space - Dave Tosh laments - Elgg is the most popular white label social networking platform in the world powering over 2000 networks.

Corporate Acquisitions of Startups: Why Do They Fail?

Steve Blank

For decades large companies have gone shopping in Silicon Valley for startups. What can companies learn from others’ failed efforts to integrate startups into large companies? acquire startups for their teams (and discard the product).

Posit: A startup’s first goal shouldn’t be to search for a repeatable business model

The Equity Kicker

Steve Blank gave us this now famous definition of a startup: A startup is a temporary organization designed to search for a repeatable and scalable business model. At Forward Partners we are in full agreement with this definition (although we spell organisation with an s… ) but have found that it is a bit confusing for startups in their first weeks and months. Forward Partners Startup general interest

Raising Money Using Customer Development

Steve Blank

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail.

The Virus Survival Strategy For Your Startup

Steve Blank

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? While the impact on small businesses and workers in the “gig-economy” hasn’t made the news, it will be worse for them.

Why Governments Don’t Get Startups

Steve Blank

Not understanding and agreeing what “Entrepreneur&# and “Startup” mean can sink an entire country’s entrepreneurial ecosystem. Because they haven’t defined the basics: What’s a startup? Six Types of Startups – Pick One. Lifestyle Startups: Work to Live their Passion.

It’s Not How Big It Is – It’s How Well It Performs: The Startup Genome Compass

Steve Blank

What makes startups succeed or fail? More than 90% of startups fail, due primarily to self-destruction rather than competition. For the less than 10% of startups that do succeed, most encounter several near death experiences along the way.

Startup Benchmarks

VC Cafe

All Good to Great companies began the process of finding a path to greatness by confronting the brutal facts about the reality of their business. Benchmarks are typically specific to stage/business model/geo. 500 Startups created a helpful primer on key B2C metrics.

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8 Funding Proposal Red Flags Every Startup Can Avoid

Startup Professionals Musings

That approach may work for an entrepreneur who just sold a successful business for a huge profit, but it doesn’t work for the rest of us who are not proven successes yet, or don’t even have a business yet. Investors are looking to buy a chunk of the business, not the product.

Unbalanced Business Models, or “Stick a Fork in #KLOUT

Scalable Startup

Maybe Facebook exploits more than others, but they overcompensate by giving more than they get – balancing their needs (your eyeballs and time on their ads) with providing amazing amount of previously unrealized value to your life – information, sharing, bite sized things that make you feel good or laugh, in Google’s case great tools to run your life or business. Business Development early stage startup CEO Uncategorized venture

Startup Winner – Yip Yap

The Startup Magazine

Earlier this year at the FUND Conference in Austin, Texas, over 100 startups presented their early-stage companies in front of hundreds of investors and industry leaders. Today The Startup Magazine features the winning Exhibitor from FUND Conference Austin, Yip Yap.

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6 Insights To Current Funding Trends For Your Startup

Startup Professionals Musings

Venture capitalists (VCs) have long been seen as the top of the pyramid for startup funding sources, but in fact angel investors now fund over twice as many companies, according the Crunchbase. The cost of entry for tech startups continues to go down.

10 Keys To A Startup Surviving The First Five Years

Startup Professionals Musings

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. Join a startup incubator.

5 Startup Intangibles That Can Energize Your Business

Startup Professionals Musings

While these may be necessary for funding, they may not be sufficient to make your startup the great success embodied in your vision. Relevancy for an early-stage company is the discovery and understanding of the real addressable market for a product or service.

Reinventing the Board Meeting – Part 1 of 2

Steve Blank

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven’t changed since the early 1900’s. Startup board meetings occur every 4-6 weeks.

Reinventing the Board Meeting – Part 2 of 2 – Virtual Valley Ventures

Steve Blank

A revolution has taken hold as customer development and agile engineering reinvent the Startup process. It’s time to ask why startup board governance has failed to keep pace with innovation. Board meetings that guide startups haven’t changed since the early 1900’s.

Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

Starting in the 1950’s, Stanford’s engineering department became “outward facing” and developed a culture of spinouts and active faculty support and participation in the first wave of Silicon Valley startups. Berkeley Haas Business School is a leader in entrepreneurship education. It has replaced how to write a business plan with hands-on Lean Startup methods. The final deliverable for that class was a 30-page business plan. The Business Plan is Dead.

What Entrepreneurs and Angels Want To Know. - Startups and.

Tim Keane

Startups and angels: Along the way to success. « Paying attention to the business model: Whos in charge here? Madison, WI -- Here' are two downloads to my presentation from last week's Early Stage Symposium, "What Entrepreneurs and Angels Want To Know About Each Other."   Download Tim.Keane.Early.Stage.Symposium.11.05.08.Edit.mp3 Download early_stage_symp_nov_08.ppt  Posted at 02:43 PM | Permalink. Startup ideas.

4 Key Points for Expanding Your Business Internationally

The Startup Magazine

If you want to grow your sales figures and expand into new, exciting markets, it’s time to investigate going international with your business. If you want to give your business the best chance of a successful expansion, take in the following four points: 1.

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Why Board Meetings Suck – Part 1 of 2

Steve Blank

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Board meetings that guide startups haven’t changed since the early 1900’s. Startup board meetings occur every 4-6 weeks.

Lessons Learned: Don't launch

Startup Lessons Learned

Lessons Learned by Eric Ries Friday, March 13, 2009 Dont launch Heres a common question I get from startups, especially in the early stages: when should we launch? In fact, in most situations its a bad idea for startups to synchronize these events. This is the usual reason given for a marketing launch, but for most early stage startups, its a failure. The problem is that customers dont read your business plan. for Harvard Business Revie.

How to Bootstrap Your Startup for Years Without Funding

ReadWriteStart

When starting a business, it’s typical to look for venture capital, angel investors, and even co-founders to help get the company up and running. While funding is necessary for almost all businesses, seeking it out yourself isn’t necessarily the right path for everyone.

The 7 Deadly Healthcare Startup Sins

Steve Blank

He’s now run several Lean LaunchPad classes and has seen a ton of healthcare startups. Here’s his advice for startups in this space. Over the past couple of years as Director of Innovation for Intermountain Healthcare I’ve mentored and worked with many Healthcare-focused startups.

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. We were positing that 20 years of teaching “how to write a business plan” might be obsolete.

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What Startups Need to Know About Regulated Markets

Steve Blank

If you’re a startup trying to disrupt an existing business you need to read The Fixer by Bradley Tusk and Regulatory Hacking by Evan Burfield. All businesses have regulations to follow – paying taxes, incorporating the company, complying with financial reporting.

5 Factors That Set Your Best Startup Funding Strategy

Startup Professionals Musings

To refresh your memory, angel investors are typically high net worth individuals, accredited by the SEC and willing to invest their own money in a high-potential startup for a share of the ownership. In the real world, most angels are regular business people like you and me.

10 Startup Practices That Usually Lead To Disaster

Startup Professionals Musings

Starting a new business is a serious undertaking. As an entrepreneur, you need to start early to implement the discipline and business practices that will lead to success. Startups always involve risk, but should not be risky. Mix personal and business funds.

The Traction Gap Framework: Four Pillars Of Startup Success

YoungUpstarts

In part 2 , we covered what exactly the “gap” in the Traction Gap Framework is, why traversing that gap is such a challenging phase for startups and what you can do to give yourself the best chance to accomplish this goal. Structuring Your Startup for Success. .

Stanford 2012 Lean LaunchPad Presentations – part 1 of 2

Steve Blank

The premise of the class is that startups, are not about executing a plan where the product, customers, channel are known. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

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10 Startup Strategies To Minimize Cash Flow Disasters

Startup Professionals Musings

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. Join a startup incubator.

Smart Entrepreneurs Build Startups Without Investors

Startup Professionals Musings

In my experience as an advisor to aspiring entrepreneurs, I often encounter the myth that an initial startup requires investors. Outside funding is not a startup entitlement. A limited budget makes for a better business plan. Startups need to stay nimble and adapt to change.

8 Insights For Startups To Attract Angel Investors

Startup Professionals Musings

But many have no insight or connections to the ethereal angel investment community, which actually funds more startups then all other venture sources combined (over $25 billion annually). Angels are typically current or former entrepreneurs who want to bring more than money to your startup.

The Traction Gap Framework: Four Pillars Of Startup Success

YoungUpstarts

In part 2, we covered what exactly the “gap” in the Traction Gap Framework is, why traversing that gap is such a challenging phase for startups and what you can do to give yourself the best chance to accomplish this goal. Structuring Your Startup for Success. .

How To Match Your Startup Stage To Investor Interest

Startup Professionals Musings

Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup.

Job Titles That Can Sink Your Startup

Steve Blank

I had coffee with an ex student earlier in the week that reminded me yet again why startups burn through so many early VP’s. Here’s one possible explanation – Job titles in a startup mean something different than titles in a large company.