Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

The Startup Magazine

FEBRUARY 21, 2024

This could involve leasing out unused space, selling off non-core assets, or finding innovative ways to monetize intellectual property or data. The goal is to transform dormant or underutilized assets into active capital that supports your business. It is also the time to take a hard look at your business model.

Technical Review 132

Technical Review Due Diligence Bankruptcy Intellectual Property 132

Startup Professionals Musings

JUNE 26, 2020

If possible, quantify these in non-technical business terms, such as dollars saved or replacement costs over time. Provide specifics on the customer business model. Include marketing, sales, and customer rollout plans. Professional investors and even customers invest in people, rather than just a product.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

JUNE 30, 2019

According to my experience and a this Motley Fool article, the challenge is very real, with around half of all new businesses no longer existing after five years. Exchanging your services for services is possible with legal counsel, accountants, engineers, and even sales people. Joint venture with distributor or beneficiary.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Startup Professionals Musings

APRIL 21, 2023

A technical champion may drive a specific innovation, but the business leader has to own the result, in order to drive an appropriate business model, customer acquisition, support, and a growth strategy. Business risks are not just development risks. Value creation. Idea management. Build and manage a pipeline of ideas.

Intellectual Property 343

Intellectual Property Metrics .Net Social Network 343

Startup Professionals Musings

SEPTEMBER 8, 2018

You need a viable business model and customers. Investors expect proof that your invention can be manufactured in volume, and can justify a sales price at least double the cost, to a large customer set that has money to spend. Technology limited to a single product is seldom enough for a business.

Technical Review 215

Technical Review Intellectual Property Early Stage Global 215

Startup Professionals Musings

APRIL 29, 2023

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

Intellectual Property 278

Intellectual Property Social Media Business Model Employee 278

Startup Professionals Musings

JULY 14, 2014

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Exchanging your services for services is possible with legal counsel, accountants, engineers, and even sales people.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Startup Professionals Musings

JULY 1, 2017

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Exchanging your services for services is possible with legal counsel, accountants, engineers, and even sales people.

Product Development 177

Product Development Cost Developer Product 177

Startup Professionals Musings

FEBRUARY 19, 2013

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Exchanging your services for services is possible with legal counsel, accountants, engineers, and even sales people.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

AUGUST 3, 2020

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

Intellectual Property 436

Intellectual Property Social Media Business Model Employee 436

Startup Professionals Musings

JANUARY 12, 2018

According to a recent Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

The Startup Magazine

MARCH 29, 2024

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Revenue streams are another critical component of your business model. Will you opt for direct sales, subscriptions, or a freemium model? However, do so with caution and strategic planning.

Intellectual Property 130

Intellectual Property Angel Investor Business Model Bootstrapping 130

Startup Professionals Musings

JANUARY 14, 2023

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Startup Professionals Musings

APRIL 26, 2021

Of course, you can find these elements embodied in many of the business plan templates and tools out there, such as the Business Model Canvas. Free” is not an exciting business model for investor interest. Identify your intellectual property or “secret sauce.”

Intellectual Property 332

Intellectual Property Angel Investor Business Model Channel 332

Startup Professionals Musings

JULY 18, 2014

You need a viable business model and customers. Investors expect proof that your invention can be manufactured in volume and can justify a sales price at least double the cost to a large customer set that has money to spend. Technology limited to a single product is seldom enough for a business.

Technical Review 266

Technical Review Intellectual Property Early Stage Global 266

Steve Blank

JUNE 19, 2014

you make substantive changes to one or more parts of your initial business model, and this new data affects your biological and clinical hypotheses. understand the core customers and the sales and marketing process required for initial clinical sales and downstream commercialization.

Lean 269

Lean SBIR Intellectual Property Customer Development 269

Startup Professionals Musings

JULY 9, 2017

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Try this one.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

Up and Running

AUGUST 17, 2022

They want your business to be able to scale up. This will be difficult if your business model doesn’t easily scale. Can you increase sales tenfold without having to increase your headcount proportionately? If the answer is no, you may need to revisit your business model.

Venture Capital 146

Venture Capital Intellectual Property Angel Investor Bootstrapping 146

Startup Professionals Musings

JULY 25, 2020

A technical champion may drive a specific innovation, but the business leader has to own the result, in order to drive an appropriate business model, customer acquisition, support, and a growth strategy. Business risks are not just development risks. Value creation. Idea management. Build and manage a pipeline of ideas.

Intellectual Property 360

Intellectual Property Social Network Metrics .Net 360

Startup Professionals Musings

APRIL 30, 2012

All strategic and business thinking must lead to immediate action to increase sales and profitability potential, relative to your competition. Investors highly prize gifted leaders who are business veterans with experience in similar ventures, who can move quickly and effectively. Great business model. Scalability.

Intellectual Property 248

Intellectual Property Startup IP Finance 248

Startup Professionals Musings

MAY 27, 2016

Investors like to see new intellectual property as a barrier to entry. Plan includes a business model with good margins. Counting on sustaining the business through more free users and growth in eyeballs for advertisers is a naïve and risky approach and it implies investors with very deep pockets.

Technical Review 134

Technical Review Intellectual Property Due Diligence Angel Investor 134

Startup Professionals Musings

JUNE 2, 2013

The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. But patents and other intellectual property only go so far. Funding risk. Exit strategy.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Up and Running

SEPTEMBER 19, 2018

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. What is the ideal kind of business for you to sell to?

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Startup Professionals Musings

JULY 8, 2015

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Exchanging your services for services is possible with legal counsel, accountants, engineers, and even sales people.

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

Startup Professionals Musings

NOVEMBER 21, 2016

They know it’s especially hard to provide a financial return with a free business model. Every startup needs focus, due to limited resources, so setting irrational goals implies overall poor business acumen. Sales projections are less than one percent market penetration.

Intellectual Property 120

Intellectual Property Valuation Technical Review Equity 120

Startup Professionals Musings

AUGUST 20, 2016

You need a viable business model and customers. Investors expect proof that your invention can be manufactured in volume, and can justify a sales price at least double the cost, to a large customer set that has money to spend. Technology limited to a single product is seldom enough for a business.

Technical Review 120

Technical Review Intellectual Property Early Stage Global 120

Startup Professionals Musings

APRIL 19, 2020

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.

Hockey Stick 386

Hockey Stick Intellectual Property Startup Non-Compete 386

Up and Running

AUGUST 24, 2020

Here are just a few things you can do by leveraging data analytics: Gain a better understanding of changing customer preferences Discover new business opportunities Identify and eliminate bottlenecks in your operations Minimize and better allocate advertising costs Provide greater customer support through automated chat. 5G Network.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Startup Professionals Musings

NOVEMBER 9, 2010

All strategic and business thinking must lead to immediate action to increase sales and profitability potential, relative to your competition. Investors highly prize gifted leaders who are business veterans with experience in similar ventures, who can move quickly and effectively. Great business model. Scalability.

Intellectual Property 231

Intellectual Property Startup IP Finance 231

Startup Professionals Musings

JULY 13, 2019

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Try this one.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

Up and Running

NOVEMBER 12, 2018

A subscription box business plan will include the following components: Executive summary. Marketing and sales plan. To help you get started, you can download this free business plan template for writing a traditional business plan for a loan or investment, or this Lean Plan template for a more nimble, easy to update plan.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

YoungUpstarts

AUGUST 6, 2012

Plus, it’s within a designated NYS Empire Zone, so the incubator has benefits and incentives available to program participants, including investment tax credits, wage tax credits, and even exemption from sales tax.

Incubator 202

Incubator New York City Boston Intellectual Property 202

Startup Professionals Musings

SEPTEMBER 2, 2018

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

Intellectual Property 181

Intellectual Property Social Media Business Model Employee 181

Steve Blank

JANUARY 28, 2014

And I’m in good company – also in the series is Noam Wasserman of Harvard teaching Founder’s Dilemmas , Craig Wortmann University of Chicago covering Entrepreneurial Selling , Peter McDermott helping understand Intellectual Property , and Nathan Gold offering how to give Powerful Presentations.

Founder 327

Founder Intellectual Property Lean Customer Development 327

Startup Professionals Musings

AUGUST 18, 2018

A technical champion may drive a specific innovation, but the business leader has to own the result, in order to drive an appropriate business model, customer acquisition, support, and a growth strategy. Business risks are not just development risks. Value creation. Idea management. Build and manage a pipeline of ideas.

Intellectual Property 160

Intellectual Property Entrepreneur Metrics .Net 160

Startup Professionals Musings

JUNE 27, 2014

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

Intellectual Property 263

Intellectual Property Social Media Business Model Employee 263