Startup Professionals Musings

DECEMBER 6, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Only one-third make it past their tenth anniversary.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Steve Blank

MAY 6, 2015

I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out of the building to see if they work.”. It’s time to update Build, Measure, Learn to what we now know is the best way to build Lean startups. Here’s how. Build-Measure-Learn.

Lean 120

Lean Agile Business Model Customer Development 120

Startup Professionals Musings

JUNE 30, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Steve Blank

OCTOBER 10, 2017

Now they are starting to use the Lean Innovation process (see here and here ) to turn ideas into solutions. Test if the Lean Innovation process actually accelerates technology adoption and an innovation ecosystem. Lean Innovation is a Process. The Lean Innovation process is a self-regulating, evidence-based innovation pipeline.

Lean 237

Lean SBIR Incubator Curation 237

Steve Blank

JULY 13, 2021

Founders of startups (and new ventures inside existing companies) are searching for product/market fit and a repeatable and scalable business model. A decade later, I began to teach the foundations of Lean, first at UC Berkeley (Customer Development) and then at Stanford using cases and business plans. experiential.

Lean 436

Lean Agile Business Model Business Plan 436

The Startup Magazine

JUNE 24, 2021

In order to determine your course of action and overall business strategy (financial, marketing etc.), it’s wise to create and implement some kind of business plan with a lean canvas approach as your guide. Traditional models can, however, be time-consuming and fail to appeal to those required to absorb said information.

Lean 88

Lean Elevator Pitch Startup Business Plan 88

ReadWriteStart

JANUARY 26, 2021

Not to be mistaken for customer service, customer experience refers to the overall experiences a customer has with the brand. Many business owners launch startups with the intention of running lean—relying on minimal resources to preserve the business for as long as possible. No Real Business Model.

Startup 180

Startup Angel Investor Business Model Demand 180

Startup Professionals Musings

JULY 14, 2014

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Steve Blank

APRIL 4, 2011

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. This week they were testing who the customer, user, payer for the product will be (and discovering if they have a multi-sided business model , one with both buyers and sellers.) This post is part four.

Customer 239

Customer Business Model Nebraska Cloud 239

Startup Professionals Musings

JULY 1, 2017

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up.

Product Development 177

Product Development Cost Developer Product 177

Steve Blank

JULY 9, 2015

He’s now run several Lean LaunchPad classes and has seen a ton of healthcare startups. My reference points on these startups are digital health startups and small device startups that gather data from patients remotely. Use the Lean Startup tools! Here’s his advice for startups in this space. a compliance review.

Startup 120

Startup Early Stage Azure Lean 120

Steve Blank

APRIL 5, 2017

I reminded her that all the Lean tools she learned in class–Customer Discovery, business model and value proposition canvases– contained her answer. So, refer to your strategy: Are you trying to reach potential customers or potential investors and acquirers? Painful and invaluable” was her reply. Here’s how.

Marketing 315

Marketing Audience Technical Review PR 315

Startup Professionals Musings

FEBRUARY 19, 2013

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Steve Blank

NOVEMBER 4, 2021

Modern entrepreneurship began at the turn of the 21 st century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. Problem – Lean Doesn’t Have a Market Definition Step.

Customer 424

Customer Marketing Lean Vertical 424

Startup Professionals Musings

JANUARY 12, 2018

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Only one-third make it past their tenth anniversary.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Steve Blank

MARCH 15, 2011

Our new Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. Come up with ways to test each of the 9 business model canvas hypotheses. Their business was a robot lawn mower. This post is part two. Part one is here. Syllabus here. what’s the product? Stay tuned.

Business Model 237

Business Model Nebraska Peru Germany 237

Steve Blank

APRIL 21, 2011

The Stanford Lean LaunchPad class was an experiment with a new model of teaching startup entrepreneurship. Their week 6 business model now looked like this: . PersonalLibraries was focused on creating a reference management system for discovering, organizing and citing researchers’ readings. All that we expected.

Channel 231

Channel Artificial Inteligence San Francisco Business Model 231

Steve Blank

NOVEMBER 11, 2013

We’re teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) at UCSF with a team of veteran venture capitalists. It turns out that for commercialization, the business model (Customers, Channel, Revenue Model, etc.) million/year.

Distribution 231

Distribution Channel Lean Intellectual Property 231

Hearpreneur

JANUARY 8, 2023

One style of doing business that is on the upswing is the sharing economy. The term sharing economy refers to businesses like AirBnB and Uber. The subscription model is another type of business that is gaining ground. 14- Business model innovations. Thanks to Zach Larsen, Pineapple Money ! #14-

Artificial Inteligence 123

Artificial Inteligence Technical Review Entrepreneur Forecast 123

Startup Lessons Learned

MARCH 16, 2018

Ann Mei Chang is the Executive Director of Lean Impact, the social good division of the Lean Startup Company. Lean Impact: How to Innovate for Radically Greater Social Good is going to be an amazing resource for so many people from innovators to funders and everyone in between. It was incredibly energizing!

Lean 125

Lean Silicon Valley Government Global 125

Startup Professionals Musings

SEPTEMBER 16, 2011

His new book on this subject, “ The Lean Startup ,” lays out how today's entrepreneurs use continuous innovation to create radically successful businesses. Pivots come in many different flavors, each designed to test the viability of a different hypothesis about the product, business model, and engine of growth.

Lean 255

Lean Entrepreneur Silicon Valley Architecture 255

Steve Blank

JANUARY 28, 2020

They operated this way because their existing business models didn’t allow them to initially profit from those opportunities – so they ignored them – and continued to chase higher profitability in more-demanding segments. Here again I referred to Christensen’s work not only in the Innovators Dilemma, but the Innovators Solution.

Lean 430

Lean Business Model Government Agile 430

Startup Professionals Musings

JULY 8, 2015

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up.

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

Up and Running

APRIL 29, 2019

If you don’t set a long term trajectory for your business, you’re leaving a lot to chance. A useful framework for this type of planning is a Lean Plan —a shorter form version of a business plan. If you’ve heard of a business model canvas, a Lean Plan is a better alternative to that. Doing something new?

Marketing 142

Marketing Social Media Lean Campaign 142

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. Target market: Who is your ideal buyer? Be specific.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

The Next Web

MARCH 24, 2013

Said McClure,”We worship at the altar of ‘ lean ‘ a little too much when really we should just be running our businesses. Bike shedding refers to the idea that groups will choose to ignore complex problems and focus on the trivial in order to show personal contribution. Bike Shedding. ” Schlep Blindness.

Startup 130

Startup SCRUM Cofounder Aggregator 130

Steve Blank

FEBRUARY 9, 2012

Integrates Alexander Osterwalders “Business Model Canvas” as the front-end and “scorecard” for the customer discovery process. The Lean LaunchPad Online Class. My online Lean LaunchPad class has created a lot of buzz this week. Startups search for business models, exisitng companies execute them.

Entrepreneur 294

Entrepreneur Lean Business Model Customer Development 294

Up and Running

NOVEMBER 7, 2018

Even an established business should take the time to step away from daily operations and look at the basics. Do your business numbers make sense? One of my business school professors used to refer to this process as finding out, “Is there a there there?”. The Lean Business Plan. The one-page business plan.

Lean 182

Lean Business Plan Angel Groups Curation 182

Steve Blank

NOVEMBER 27, 2012

The Lean LaunchPad course online. I teach potential founders a hands-on, experiential class called the Lean LaunchPad at Berkeley, Stanford, Columbia and Caltech. The class teaches the three basic skills all entrepreneurs need to know: business model design. Online Guide to How to Build a Startup: The Lean LaunchPad.

Open Source 335

Open Source Silicon Valley Lean Customer Development 335

Startup Lessons Learned

APRIL 18, 2010

Lessons Learned by Eric Ries Sunday, April 18, 2010 Four myths about the Lean Startup Myth: Lean means cheap. Lean startups try to spend as little money as possible. Truth: The Lean Startup method is not about cost, it is about speed. Myth: The Lean Startup methodology is only for Web 2.0/internet/consumer

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Occam's Razor

APRIL 8, 2013

This thought was in my mind as I was reading Lean Analytics a new book by my friend Alistair Croll and his collaborator Benjamin Yoskovitz. In this post, we’ll look at each of the four steps in the Lean Analytics Cycle in more detail. Another way to find the metric you want to change is to look at your business model.

Metrics 156

Metrics Analytics Lean Churn Rate 156

Steve Blank

DECEMBER 14, 2012

Berkeley and NCIIA , Jerry Engel and I first offered the Lean LaunchPad Educators Class. The class was designed to teach educators (and the entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship.

Developer 305

Developer Arizona Lean Business Model 305

Steve Blank

FEBRUARY 26, 2020

And thanks to Ann Miura-Ko of Floodgate (my first Lean LaunchPad co-instructor) for her suggestions. Keep in mind that there is no “one way” to raise money Different investors will almost certainly have different models, and different regions may have different math. Team, Product, Traction, Business Model and Market.

Cofounder 431

Cofounder Seed Stage Valuation Metrics 431

Startup Lessons Learned

JULY 29, 2009

I hope to show why lean and agile techniques actually reduce the negative impacts of technical debt and increase our ability to take advantage of its positive effects. Financial leverage refers to investing that is supplemented by borrowed money. Sometimes quick and dirty actually incurs less debt.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

Startup Lessons Learned

SEPTEMBER 30, 2008

Platform selection and technical design - if your business strategy is to create a low-burn, highly iterative lean startup, youd better be using foundational tools that make that easy rather than hard. But I think in a lean startup, the development methodology is too important to be considered "just management." I dont think so.

CTO 168

CTO Fractional CTO CTO Hire Technical Review 168

Up and Running

DECEMBER 7, 2012

The goal of any business is to find a scalable and repeatable business model. So, what’s a business model? Let’s start with a quick definition of what a business model is. Let’s start with a quick definition of what a business model is. Reduce risk by documenting your business model.

Business Model 105

Business Model Developer Silicon Valley Business Plan 105

Up and Running

AUGUST 28, 2018

A Lean Business Plan might be a better fit if you simply need to think through all the different aspects of your business. A Lean Plan will be shorter, and it lends itself to quick revisions, but both types follow the same general outline. First, your business plan laid out the opportunity at hand. Be specific.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72