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The LeanLaunch Pad at Stanford – Class 4: Customer Hypotheses

Steve Blank

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.) The Business Model Canvas is a great way to diagram it out. Most importantly their model of the customer began to evolve.

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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

If failure is defined as failing to see the projected return on investment—say, a specific revenue growth rate or date to break even on cash flow—then more than 95% of start-ups fail, based on Mr. Ghoshs research. start-ups fail, he says. Massachusetts. Mississippi. New Hampshire. New Jersey. New Mexico. North Carolina.

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Strategy Roundtable For Entrepreneurs: Menlo Park and The Silicon Valley Renaissance

ReadWriteStart

Tom from Omaha, Nebraska, shared an update about what is going on in that part of the world, as did other audience members from New York City, Israel, and Columbus, Ohio. On the topic of business models, Spencer proposed building traffic and then selling the company, which I pushed back on. could be your companion.