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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Provide specifics on the customer business model.

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Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan.

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Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan.

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Machine Learning Meets the Lean Startup

Steve Blank

Each of our teams in this class followed the canonical Lean model: Articulate your hypotheses using the business model canvas. Each week the teams got out of the classroom and talked to 10-15 customers, testing a new part of the business model canvas. Exit Strategy. Homeslice had a great journey.

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Can You Trust Any vc's Under 40?

Steve Blank

It may just be that the message of building companies that have predictable revenue and profit models hasn’t percolated through the VC business model. Unfortunately, regardless of a VC’s age, their business models are suffering and IPOs seem to be a thing of the past for at least a while longer. Order Here.

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M&A or IPO?

Reid Hoffman

This week, I’d like to turn to the question of how current market conditions affect the approach entrepreneurs should take towards their exit strategy. This strategic value-oriented approach is one of the things that gives Silicon Valley its crazy reputation among traditional investors, who live and die by financial metrics.

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Learn From the 5 Core Principles of Angel Investors

Startup Professionals Musings

They also favor entrepreneurs who are experienced in starting a company, and experienced in the business domain of the startup. Your business model may be very attractive, but if you are new to this game, you may not be fundable. Angels like to get involved directly with the team.