Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. Product Development Diagram 1.

Customer Development 241

Customer Development Developer Customer Silicon Valley 241

Steve Blank

MAY 9, 2017

The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. Not kind of wrong but going out of business wrong.

Restful 227

Restful Silicon Valley Puerto Rico San Jose 227

Steve Blank

DECEMBER 17, 2015

And take what it learns and regularly update the corporate engineering, strategy, VC groups and business unit heads, on technology and market shifts. In exchange, the startups provide companies with their disruptive ideas, technologies and business models. Stage 3: Productizing the Solution to Corporate Problems.

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Startup Professionals Musings

OCTOBER 19, 2015

That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. Most founders bootstrap product development.

Technical Review 120

Technical Review Intellectual Property Cofounder Bootstrapping 120

Steve Blank

JANUARY 6, 2014

In the last few years Agile and “Continuous Deployment” has replaced Waterfall and transformed how companies big and small build products. Agile is a tremendous advance in reducing time, money and wasted product development effort – and in having products better match customer needs. Adobe and Tesla offer two examples.

Continuous Deployment 330

Continuous Deployment Customer Agile Cloud 330

Startup Lessons Learned

SEPTEMBER 22, 2008

Lessons Learned by Eric Ries Monday, September 22, 2008 The three drivers of growth for your business model. The AARRR model (hence pirates, get it?) He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Steve Blank

NOVEMBER 21, 2015

The last quarter of the 19 th century, what Perez calls the Age of Steel and Heavy Engineering, saw the growth of America’s first national corporations in railroads, steel, telegraph, meatpacking, and industrial equipment. Each institutional adjustment also changed how companies innovated and built new products.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

Hearpreneur

SEPTEMBER 22, 2021

Tesla Tesla invented a successful business model for bringing compelling electric cars to the market. Tesla has always put a huge emphasis on product development and technological advancement. Partly because our business revolves around Google, but mainly because of how innovative they are. 10- Mindbody.

Technical Review 124

Technical Review Entrepreneur Software Review SEO 124

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Startup Lessons Learned

SEPTEMBER 15, 2008

The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Steve Blank

MAY 14, 2012

Any dispassionate observer would recognize that on Day One, a start-up has no customers, and unless the founder is a true domain expert, he or she can only guess about the customer, problem, and business model. Traditionally, engineering, sales, and marketing have all focused on the immovable launch date.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

YoungUpstarts

OCTOBER 10, 2012

If so, the business world is full of specialists who are all too eager to help. Talented product developers. Your most powerful growth engine is your existing customer. Brilliant ad agencies and clever marketing communications experts. Highly trained salespeople. Even PhD analytics eggheads. That’s right.

Customer 154

Customer Fractional CTO Canada Technical Review 154

Steve Blank

AUGUST 27, 2012

“We’re building the wrong product!” Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. he’d declare. “We We got to pivot now.” ” Pivot as an excuse.

Founder 317

Founder Cofounder Advisory Board Burn Rate 317

YoungUpstarts

OCTOBER 22, 2012

What could make more sense than to leverage the enthusiasm of happy customers to convince buyers that they need your products and services? And in an increasingly social and networked world — not to mention an economy where every dollar of revenue is critical — this type of third party validation is more important than ever.

Programming 145

Programming Customer Social Media Advisory Board 145

Steve Blank

NOVEMBER 18, 2010

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) The Revenue Plan – The Third Fatal Assumption. Notice that the traditional product introduction model leads to a product launch and the execution of a revenue plan. Albert Einstein.

Burn Rate 248

Burn Rate Management Business Model Customer Development 248

View from Seed

FEBRUARY 27, 2019

Many founders have to turn to brute force to figure it out, even when they themselves don’t have practitioner product management experience. However, managing product development correctly is incredibly important in the earliest days and can make or break your company. Post-PMF: Key milestones the business needs to hit (e.g.

Hiring 120

Hiring Bandwidth Product Early Stage 120

Steve Blank

NOVEMBER 1, 2010

When it was spun out as a a separate company, Iridium’s 1990 business plan had assumptions about potential customers, their problems and the product needed to solve that problem. They made other assumptions about the type of sales channel, partnerships and revenue model they would need. Lessons Learned.

Business Plan 335

Business Plan Customer Business Model Customer Development 335

ReadWriteStart

JANUARY 27, 2011

I have discussed at length why revenue sharing channel deals may serve as perfectly fine alternatives to raising equity (or even complements) because of their non-dilutive nature. Persistent is breaking out of the mold of labor arbitrage, and looking at new and exciting business models. million in revenue.

Dilution 114

Dilution Revenue Finance Entrepreneur 114

Startup Lessons Learned

JANUARY 28, 2009

Still, theyre not really hitting it out of the park, because their product isnt growing new users as fast as theyd like, and they arent making any money from the current users. I was told they werent sure, because all of their engineers were currently busy refactoring. In other words, it is dreaded legacy code. Great post, Eric.

San Francisco 79

San Francisco Lean Continuous Deployment DC 79

Startup Lessons Learned

JUNE 5, 2009

I think this idea is particularly appealing to those of us from an engineering background. And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

DECEMBER 14, 2009

Lessons Learned by Eric Ries Monday, December 14, 2009 Business ecology and the four customer currencies Lately, I’ve been rethinking the concept of “business model&# for startups, in favor of something I call “business ecology.&# Constructing a working business model is a form of ecosystem design.

Customer 156

Customer San Francisco Viral Lean 156

Austin Startup

AUGUST 20, 2017

Your business works as intended if you can attract customers that fit into the context of your operation. Do they perceive enough value to pay prices that create for you a profit margin that matches your business model? I am very surprised when that cool thing actually meets a customer need or drives revenue.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

VC Cafe

DECEMBER 28, 2010

The G/SCORE measures the key milestones a company has achieved in business building along seven factors: overall concept, market opportunity, competitive risk, product development, business development, team, and business model. From 1999 to 2009, Teva’s revenue grew to about $14 billion from $1.3

Technical Review 87

Technical Review South Korea Mexico 87

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

You have your general management meeting and in your general management meeting you talk about product development, about marketing and about finance. Edwin: Oh sorry, so the business model. Edwin: The business model is that the organizer has to pay. So you have this cross- filtering or cross-information.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. The business model.

Software Review 74

Software Review Software Delaware Forecast 74

ReadWriteStart

JUNE 20, 2012

In existing companies, the goal of traditional product management and marketing is to develop a market-requirements document (MRD) for engineering that contains the sum of all possible customer feature requests, prioritized in a collaborative effort among Product Management, Marketing, Sales and Engineering.

Customer 119

Customer Advisory Board Engineer Cofounder 119

Startup Lessons Learned

MARCH 21, 2013

Normal depends on what kind of business you're in, and what stage of that business you're at. If you're working on the Sticky Engine of Growth , you're focused on very different metrics from those that you care about in the Viral Engine of Growth.

Analytics 167

Analytics Lean Metrics Churn Rate 167

ReadWriteStart

JUNE 29, 2020

Wikipedia.com defines a “startup company (startup or startup) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process, or a platform.”.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Austin Startup

FEBRUARY 21, 2020

In addition to entrepreneurship, she has a background in chemical engineering, supply chain management, biomedical engineering research, microbiology research, and new product development for U.S. This will require new partners, new skill sets, and new business model innovation. and Indian companies.

Baltimore 62

Baltimore Africa South Africa Michigan 62

Growthink Blog

JANUARY 24, 2018

And WeWork’s 150,000+ members agree that in modern business way more often than not it makes great business sense to do so. #9. And with Warby’s 2017 “direct to consumer” eyeglass sales revenues of $250 million+, I am not alone. driving 600% revenue growth and helping the company raise more than $24 million in growth capital.

Artificial Inteligence 48

Artificial Inteligence San Francisco Valuation Reputation 48

www.quora.com

JANUARY 16, 2011

You can argue that the DNA created by Microsoft's over emphasis on distribution (Steve) and development (Bill), has ultimately cost it $50bn or more in lost revenue, market share and market capitalization. Developers have worn the crown for the last 30 or more years in the technology industry - rightly.

Technical Review 51

Technical Review Startup CTO Hire Cofounder 51

Up and Running

JULY 24, 2015

On Bplans, you’ll find templates, free eBooks, and articles on how to plan and start your business. Business Model Generation. This website offers a downloadable worksheet called a business model canvas that helps you think through your business idea. Product development. Edison Nation.

Entrepreneur 60

Entrepreneur Small Business Administration SBA Pennsylvania 60

techcrunch.com

OCTOBER 23, 2010

The best composition is probably one engineer whose passion lies in the pixels on the screen and another engineer whose passion is making bits fly really fast through servers. andrew chen great advice and really straight to the point – make a great product, focus on that and everything else will come. Sorry, folks.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

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). Product second. Marketing first. You definitely can and there are many who do.

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). Product second. Marketing first. You definitely can and there are many who do.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Duct Tape Marketing

NOVEMBER 1, 2017

And then I think in a lot of ways it’s become air for every sort of channel and element and, even as you suggest in your last book, a business model in itself. We think there’s something bigger, as Robert talked about and you talked about, this is a business model change. We create four, five.

Cost 38

Cost Marketing Audience Media 38

maplebutter.com

JANUARY 8, 2013

Or should I launch products and a startup for each of them, focusing on only 1 product at a time? I would focus on one product and set a goal to generate $1M in yearly revenue from it. Do that – nothing else but one product / company / focus and get to $1M in sales with atleast $15% net profit. do something else.

Technical Review 44

Technical Review Startup Cofounder Software Review 44