Steve Blank

APRIL 23, 2014

Most large companies manage three types of innovation: process innovation (making existing products incrementally better), continuous innovation (building on the strength of the company’s current business model but creating new elements) and disruptive innovation (creating products or services that did not exist before.).

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

The Startup Magazine

AUGUST 3, 2021

Lazarus has developed a reputation in the Melbourne and Sydney business communities as a consultant who is brutally honest yet caring and highly effective at the same time. People also use voice recognition in their cars, on their home computers, and with their portable devices. Luke Lazarus’ Social Media Presence.

United States 167

United States Entrepreneur Angel Investor Social Media 167

Agile VC

NOVEMBER 6, 2013

Twitter’s IPO has garnered a ton of attention in the tech and popular press. So their revenue figures, pre IPO financing and ownership, and other info is all widely available. Instagram hadn’t built a true business (e.g. Growth IPOs Are Back. Value of Media vs E-Commerce vs Premium Services.

IPO 194

IPO Aggregator B2B Internet 194

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.)

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Steve Blank

MARCH 16, 2016

But for the last 40 years, it has provided the financial fuel for a revolution in Life Sciences and Information Technology and has helped to change the world. This happens when you either sell your company ( M&A ) or go public (an IPO.) The Bad News. Currently M&A is the most likely path for a startup to achieve liquidity.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

Start Up Blog

MAY 13, 2019

Last Friday night, I did a TV interview on ABC regarding Uber’s long awaited IPO. An IPO is when a company first becomes a publicly traded stock that anyone can buy and hold. Amazon IPO 1997 – 2 years after it was founded. Google IPO 2004 – 5 years after it was founded.

IPO 48

IPO Valuation Stock Cost 48

NZ Entrepreneur

SEPTEMBER 29, 2021

With the pandemic, climate crisis, global economic shifts and rapidly changing consumer markets, it is clear that many businesses of today will no longer be relevant tomorrow. experiments to build a product, find customers, test business models and hire amazing people. pivot the business. Risk and reward. change the CEO.

Technical Review 88

Technical Review Software Review New Zealand Due Diligence 88

Gust

DECEMBER 28, 2011

If the company was successful, this quickly led to an IPO – a very happy ending for the entrepreneur, the angels, and the venture capitalists. The two major differences in the exit environment in the past decade are (1) the disappearance of the IPO market and (2) the rapidly increasing size of the average VC fund.

IPO 153

IPO Venture Capital Entrepreneur Angel Investor 153

Both Sides of the Table

JUNE 22, 2011

Responses ranged from, “hey, they’re in a HUGE market&# to “it is an amazing company and their technology rocks.&# And this is happening in mezzanine (pre-IPO) deals as well. And post IPO deals, although these tend to correct more quickly. But everything has intrinsic value. Why does all this matter?

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

thebarefootvc

JANUARY 27, 2014

Some, such as Chinese mobile company Xiaomi, were founded less than five years ago while others such as Good Technology have been around for more than a decade. Information is more widely available, due to increased connectivity through technology platforms. Technology ubiquity. Which leads to….

Technical Review 63

Technical Review Valuation Venture Capital Investment Bankers 63

The Startup Magazine

FEBRUARY 19, 2019

The business opportunity includes information on your market, management team, and financials including the business model, anticipated returns, funding requirement and utilisation of funds. Ian Wilson, Fund Principal, Mercia Technologies, PLC. Market analysis.

Business Plan 93

Business Plan Technical Review Initial Public Offering Due Diligence 93

Growthink Blog

DECEMBER 27, 2017

Demonstrate your team’s unique unfair competitive advantage, whether it is technology, stellar management team, or key partnerships. Get Growthink's Proven Venture Capital Business Plan Template Here Industry Analysis Goal of the industry analysis section: Prove that there is a real market for your product or service. market research).

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129

Growthink Blog

NOVEMBER 8, 2010

In that same time frame, United States IPO volume declined 75% in real terms and now accounts for less than 11% of the global total. 7 Companies in China have raised more than $1 billion in an IPO this year. How / must your business model evolve to leverage these new opportunities? In the U.S. How can they find you?

Africa 104

Africa Brazil China India 104

Mucker Lab

OCTOBER 12, 2016

First, realize that the venture business has cycles of 7–10 years simply based on the fact that almost all venture funds have a legal lifetime of the same duration. Why should a public market downturn determine an investment in a startup that has seven to 10 years to go before it can even think about an IPO?

Harvest 60

Harvest Vertical IPO Early Stage 60

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Typical business stage. An already proven business model and its already valuable assets. Typical business model. Technology-centric businesses. Technology-centric businesses.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Steve Blank

JUNE 4, 2012

This is a 3-day program for entrepreneurship faculty from around the world how to teach entrepreneurship via the Lean LaunchPad approach ( business model canvas + customer development ) and bring their entrepreneurship curriculums into the 21st century. The reality is that the United States is still a nation of small businesses.

Silicon Valley 305

Silicon Valley Lean Utah Customer Development 305

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Most of the startups they invested in either died by running out of money before they found a scalable business model or ended up in the “land of the living dead” by never growing (failing to Pivot.).

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

The Next Web

JULY 20, 2013

Prior to Credo, Andrej worked at an early growth fund Benson Oak, the first backer of AVG Technologies . They speak about how they love to help entrepreneurs build successful companies, yet when I ask them to give me feedback on my business plan or idea, they usually don’t even bother writing me back. VCs are arrogant. VCs are cowards.

Silicon Valley 124

Silicon Valley Mongolia Technical Cofounder Entrepreneur 124

Feld Thoughts

AUGUST 25, 2015

The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. So contrary to the piece, it wasn’t VC were good at early stage technology, it was that they had newfound capital and a big exit window.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Steve Blank

AUGUST 20, 2013

Business Model Issues. government is the leading payer for most of health care, and under ObamaCare the government’s role in reimbursing for medical technology will increase. Because device IPOs are rare, and M&A is much tougher, liquidity for investors is hard to find. Business Model Issues.

Startup 294

Startup Venture Capital Lean IPO 294

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit. The New Bubble : (2011 – 2014): Here we go again…. (If

Internet 334

Internet IPO Silicon Valley Agile 334

Start Up Blog

NOVEMBER 18, 2020

– – – The Tale of 2 Tech IPO’s. Given that everyone is so in love with technology investments, it seems many players are claiming to be something they are not. In fact, almost every business relies on software in some way. DOOR DASH – IPO. AIRBNB IPO. This is key.

IPO 62

IPO Valuation Software Venture Capital 62

Growthink Blog

FEBRUARY 13, 2012

Last week , I shared the lessons of liquidity and sector that the intelligent early - stage investor can learn from Facebook's IPO. Less famous, but more predictive of the Facebook phenomenon is Taleb's theorizing on how technological interconnectedness vastly intensifies Black Swan impacts. That lesson is of the power of outliers.

IPO 67

IPO Private Equity Early Stage Equity 67

Version One Ventures

OCTOBER 1, 2019

What was one of the highest flying start-ups with a private market valuation of $47B was brought down to Earth when trying to IPO. The major point that often gets forgotten is that no business model is the same. Great start-ups can be built in many categories and with many different business models.

Valuation 116

Valuation Vertical IPO Business Model 116

Reid Hoffman

MARCH 19, 2019

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. Blitzscaling is a strategic technique for moving faster, not a reckless gamble.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Steve Blank

JULY 25, 2011

Each region had two of the finest research universities in the United States, Stanford and MIT, which were building on the technology breakthroughs of World War II and graduating a generation of engineers into a consumer and cold war economy that seemed limitless. This all changed in 1980 with the Genentech IPO. But by the early 1960?

Engineer 305

Engineer Silicon Valley United States Venture Capital 305

Startup Professionals Musings

JULY 27, 2018

I’m a technologist, so I always love to learn about the product, but every investor needs to make sure you have a business, as well as a product. Unfortunately, customers look for value in solving their problem, and new technologies alone scare them, so these solutions don’t get bought by customers, or funded.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Pascal's View

SEPTEMBER 7, 2009

These valid observations may be drawn from primary research sources such as the work published by the National Academies, whose most recent report, Assessing the Impact of Changes in the Information Technology R&D Ecosystem: Retaining Leadership in an Increasingly Global Environment , was released several months ago. More on this below.

IPO 38

IPO Venture Capital America Marketing 38

Steve Blank

OCTOBER 24, 2017

. — Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Technology cycles have become a treadmill, and for startups to survive they need to be on a continuous innovation cycle. Board Control.

Founder 245

Founder Technical Review CTO Hire IPO 245

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

Both Sides of the Table

MARCH 6, 2010

If I’m interested I get to spend more time with them, if I’m not I don’t have to – A few companies per month come in that have fascinating business ideas that warrant my spending more time trying to understand their people, company, technology and market.

Technical Review 312

Technical Review Due Diligence Spain Warrant 312

Startup Professionals Musings

AUGUST 27, 2012

Solution product & technology. Describe your technology patents and “secret sauce”. Business model. What is the planned exit strategy (IPO, merger, sale, including likely candidates)? Fuzzy terms like “not user-oriented” or “too expensive” are not helpful. Opportunity sizing. Exit strategy.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247

Startup Professionals Musings

OCTOBER 5, 2015

Seed-stage, meanwhil e, is technically that critical period when you need funding to do solution- and business-model development, to prove that your new product or service works, before you try to sell it to customers. Most investors won’t touch a first-time entrepreneur at this stage.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

This is going to be BIG.

DECEMBER 26, 2011

PS.there are various companies in this article I have or have had business involvements with. Election years tend to be good for technology diffusion. What's the business model? That aside, here are ten areas I think you'll see some interesting things happening in 2012. Reader beware.). Open Government.

Technology 116

Technology Valuation Community Restful 116

Startup Lessons Learned

SEPTEMBER 30, 2008

What does your Chief Technology Officer do all day? When Ive asked mentors of mine who have worked in big companies about the role of the CTO, they usually talk about the importance of being the external face of the companys technology platform; an evangelist to developers, customers, and employees. Just what is the CTO supposed to do?

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

Up and Running

JUNE 16, 2014

Make no mistake, you will need to have a business model or a business plan that shows just where you sit in relation to your competitors. An exit strategy is not your plan for when the business fails, but rather, your strategy for returning money to investors. What will make it hard for others to rise above you?

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

Startup Professionals Musings

FEBRUARY 13, 2016

As a startup advisor and investor, I recommend a pitch deck with about 10 slides backed up with a written business plan of approximately 20 pages, both containing quantified answers to the following key questions. What is the business problem you are solving? How does your business model make money?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120