article thumbnail

7 Reasons That Investors Won’t Fund Inventions Alone

Startup Professionals Musings

You need a viable business model and customers. People like to complain about global warming and the plastics pollution problem, but they may not be ready to buy alternative energy at twice the price, or change bad habits for global gain. Technology limited to a single product is seldom enough for a business.

article thumbnail

The 47th (-46) International Business Model Competition

Steve Blank

The most visible step was the first International Business Model Competition , hosted by the BYU Rollins Center for Entrepreneurship and Technology. We’ve been teaching that the difference between a startup and an existing company is that existing companies execute business models, while startups search for a business model.

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Business Realities To Temper Invention Excitement

Startup Professionals Musings

You need a viable business model and customers. People like to complain about global warming and the plastics pollution problem, but they may not be ready to buy alternative energy at twice the price, or change bad habits for global gain. Technology limited to a single product is seldom enough for a business.

article thumbnail

How Much Should You Get For Your Invention Idea?

Startup Professionals Musings

You need a viable business model and customers. People like to complain about global warming and the plastics pollution problem, but they may not be ready to buy alternative energy at twice the price, or change bad habits for global gain. Technology limited to a single product is seldom enough for a business.

article thumbnail

7 Business Limits On That Million Dollar Invention

Startup Professionals Musings

You need a viable business model and customers. People like to complain about global warming and the plastics pollution problem, but they may not be ready to buy alternative energy at twice the price, or change bad habits for global gain. Technology limited to a single product is seldom enough for a business.

article thumbnail

5 Ways to Make Your Startup a Choice Investment

Startup Professionals Musings

Within the venture community, the first rule to remember is that opportunities abound these days, due to the increasing pace of technology evolution, and the scope and creativity of the global community. But patents and other intellectual property only go so far. Angel investors look for prior domain and startup experience.

Cram Down 269
article thumbnail

ESADE Business School Commencement Speech

Steve Blank

Your time at ESADE has trained you to become a global business leader. Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. The Perfect Storm. Act Like a Startup.