A Smart Bear: Startups and Marketing for Geeks

MARCH 21, 2017

One option is to build the new product in-house; this could take two years and millions of dollars. Even for startups, it takes years for a new product to become good enough to demand many millions of dollars in revenue.). So the shift to mobile meant Facebook’s business model was breaking. This had to be remedied.

Balance Sheet 242

Balance Sheet Vertical Acquisition Revenue 242

Steve Blank

MAY 26, 2009

The next week in class a project group raised their hands and said, “Hey, Professor Blank, we found out the common wisdom in the biotech business is that “we need $10-20 million just for the R&D phase and 100’s of million to get through clinical trials.” “Of course,&# I said, “Life science is completely different.

Vertical 149

Vertical Silicon Valley Intellectual Property RSS 149

ReadWriteStart

JUNE 19, 2021

Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. IoT will also enable businesses to get a fresh pair of eyes to look into data to derive insightful business insights. . Source: Mckinsey. IoT’s impact on healthcare.

Technical Review 215

Technical Review Software Review Cloud Vertical 215

View from Seed

JUNE 23, 2022

“Creators don’t want to just refer traffic towards random products to make money, but rather prefer to directly sell products which they truly believe in. Influencer Direct puts the tools to create their own eCommerce business directly into the hands of influencers.” Company: Influencer Direct.

DC 156

DC Cambodia eCommerce Social Media 156

Hunter Walker

AUGUST 31, 2023

The idea of working at a company whose entire business model revolves around catering to buyers in the HR space felt like such a breath of fresh air. HW: I’m always surprised when someone considering ‘joining a startup’ has put a lot of thought into industry/vertical but not into stage of company.

Employee 114

Employee Startup Vertical Leadership 114

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. What’s Missing?

Customer 420

Customer Marketing Lean Vertical 420

ReadWriteStart

MARCH 8, 2021

And from there, you can achieve a modest rate of growth as long as you keep providing quality products and services. . You may have a great product and a happy customer base, but what does that matter if nobody knows you exist? . You start with a great product or service and make sure your customers are getting what they need.

Startup 127

Startup Retention Acquisition Agile 127

VC Cafe

APRIL 15, 2024

Initially, many publishers were slow to recognize the internet’s impact on their business model as distribution and the classifieds and ad worlds split – or what Ben Thompson calls the “ Great Unbundling ”. Production costs of content will continue to fall drastically – Case study Video Video is a great case in point.

Generative AI 142

Generative AI Media Artificial Inteligence Vertical 142

Steve Blank

APRIL 23, 2018

When Sloan arrived at GM in 1920 he realized that the traditional centralized management structures organized by function (sales, manufacturing, distribution, and marketing) were a poor fit for managing GM’s diverse product lines. Think of the iPhone and its yearly new models.). What Does GM Have to Do with Tesla And Elon Musk?

Michigan 268

Michigan Cofounder Stock Forecast 268

David Cohen

AUGUST 22, 2012

As an example, one of the areas that I like to invest in is vertical search. With vertical search, it’s all about the crack. Vertical search is one of those areas where I think freemium can still make a ton of sense. I had a meeting today with the vertical search company that I recently funded.

Vertical 110

Vertical Search Business Model Software Developers 110

Hearpreneur

FEBRUARY 19, 2023

This means that more and more entrepreneurs are designing solutions to global problems, creating innovative products and services that meet real needs, and driving social change. Some areas that are likely to see significant growth in the coming years include e-commerce, digital technologies, and sustainable business practices.

Artificial Inteligence 102

Artificial Inteligence Technical Review Entrepreneur Global 102

Agile VC

FEBRUARY 5, 2014

This is especially true for those with a media / ad based business model (e.g. Arguably revenue is the best signal of product-market fit for B2B startups. Some potential customers won’t take your product seriously unless you’re charging for it. But B2B startups need to take a different tack.

Revenue 234

Revenue Product B2B Marketing 234

Startup Professionals Musings

OCTOBER 23, 2021

Relevancy for an early-stage company is the discovery and understanding of the real addressable market for a product or service. This is not just sales traction, but a proper balance between resources, product, and customers. Of course, relevancy doesn’t work if you don’t have a winning business model.

Early Stage 379

Early Stage Vertical Sales Global 379

Version One Ventures

OCTOBER 1, 2020

Product releases and news. It’s a great and free resource for anyone starting, or thinking about starting, an online business. No matter the vertical, geography, business model, macro or micro trends, entrepreneurs form the nucleus of a generational company. Scanwell Health was awarded a $1.6M

Portfolio 95

Portfolio Software Review Cofounder Canada 95

David Teten

APRIL 1, 2021

Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in product development. A well-organized library of best practices for founders in your vertical, which you can share as appropriate. Platform as a Product.

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

A Smart Bear: Startups and Marketing for Geeks

JANUARY 13, 2015

Often your best estimate of any metric or market behavior or business model component is at best accurate within a power of ten, for example “expected conversion rate between 0.5% Their product has a few usage tiers; on average a customer spends $50/mo. Early in a company’s life, you don’t know anything.

Business Model 120

Business Model Affiliate Startup Bootstrapping 120

Hearpreneur

AUGUST 10, 2022

I admire their continuous commitment to improving product innovation around the travel experience, a standard that consumers have come to expect. JetBlue has had to recreate established models and vertically integrate where the adjacent experiences for the customer and courageous brand to reinvent an entire ecosystem in this way.

Entrepreneur 121

Entrepreneur Technical Review Non-Compete Software Review 121

Steve Blank

NOVEMBER 21, 2015

In the first 50 years of commerce in the then-new United States, most businesses were general merchants , buying and selling all types of products as exporters, wholesaler, importers, etc. In addition, firms found themselves now managing diverse product lines. Institutional Adjustments.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

Steve Blank

JULY 13, 2009

Judging by the ink we had gotten, we were the hottest company in the game business, with stories in Fortune, Forbes, Variety, The Hollywood Reporter, and the cover of Wired magazine. Yet we hadn’t shipped a single product. All this activity occurring before we actually shipped a product.

Silicon Valley 122

Silicon Valley Product RSS California 122

The Equity Kicker

MAY 23, 2014

Proprietary selection (aka curation) – e.g. companies that build their brand and community around their product selection like Nastygal and Modcloth. Proprietary merchandise – e.g. vertically integrated retailers like Bonobos and WarbyParker. Most important though is that the product or service is amazing at some level.

eCommerce 120

eCommerce Business Model Flash Curation 120

Austin Startup

FEBRUARY 1, 2020

This track brings together founders and funders and showcases exciting new companies, products, services, and business models across different verticals and industries. If you are an entrepreneur, check out the SXSW 2020 Startups Track , which runs March 13–17.

Philadelphia 62

Philadelphia Technical Review Artificial Inteligence Pennsylvania 62

YoungUpstarts

APRIL 22, 2016

You could probably make a case for any one of these, but here’s the thing: Although on the surface these companies appear to have completely different business models, they all share one very powerful component: a scalable online platform connecting people and ecosystems. Or Software as a Service for the enterprise, such as Salesforce?

Japan 100

Japan Global Asia API 100

YoungUpstarts

JUNE 5, 2012

“I think there’s still many opportunities in this vertical in South East Asia and it’s one that takes on multiple forms – local shopping, local eating, local jobs,” muses Yongfook. Instead he’s looking to launch a series of products focused on the idea of “local”, yet with a regional focus.

Singapore 200

Singapore Aggregator Technical Review Database 200

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” However the Customer Development Model and the Lean Startup work equally well for startups on the web.

Customer Development 219

Customer Development Web Developer Customer 219

Hunter Walker

JUNE 6, 2014

Giving creative tools to people; creating products and services within communities that serve as both consumers and collaborators; and providing a business model so the creators can realize economic value. The connective tissue for me between Second Life, AdSense, and YouTube is they’re all bets on people.

Technology 92

Technology Vertical Software Developers Software Development 92

Up and Running

MAY 13, 2015

I had the pleasure of co-hosting a free Bplans webinar with Lara Galloway, a business coach and time management expert. In the webinar, Lara offered some excellent time management tips and productivity hacks. Lara is an author, speaker, business coach, and the host of the popular Mom Biz Solutions Show podcast.

Management 60

Management Product Video Fractional CTO 60

The Next Web

MAY 26, 2013

Editor’s note: This is a guest post by Sangeet Paul Choudary, who analyzes business models for internet startups at his blog Platformed.info. How does an ugly, stuck-in-the-nineties product continue to enjoy success in an industry where design and user experience are so important? Too many Airbnbs spoil the party.

Curation 126

Curation Vertical Reputation Hosting 126

Austin Startup

FEBRUARY 15, 2020

This track brings together founders and funders and showcases exciting new companies, products, services, and business models across different verticals and industries. If you are an entrepreneur, check out the SXSW 2020 Startups Track , which runs March 13–17.

South Korea 89

South Korea Technical Review Open Source Vertical 89

Steve Blank

OCTOBER 31, 2014

Creating a vertically oriented regional ecosystem is a pretty amazing accomplishment for any country or industry. The biggest mistake for most of these startups was not understanding that optimizing their business model for the 24 million people in the Australian market would not prepare them for the size and scale they needed to get to big.

Global 335

Global Australia Silicon Valley China 335

Austin Startup

MARCH 1, 2020

Sheehan spoke about why he’s excited for insect-based food products, the importance of making good decisions, and why he admires Arnold Schwarzenneger. Complete our product pilot with our new partners, Grupo Bimbo, in designing a sweetener of the future for the baked goods industry. What is your top goal for Milis Bio for 2020?

Ireland 62

Ireland Morocco North America Philippines 62

Steve Blank

JUNE 8, 2009

In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. In contrast to simply executing your business plan, the Customer Development process is built on low-cost and continuous learning and iterating.

Vertical 122

Vertical Silicon Valley RSS Marketing 122

Austin Startup

MARCH 3, 2020

Likely working in innovation strategy/new product concepting for an agency or big tech firm. This track brings together founders and funders and showcases exciting new companies, products, services, and business models across different verticals and industries. What has the startup experience taught you about life?

Technical Review 63

Technical Review Los Angeles Cofounder Silicon Valley 63

Austin Startup

FEBRUARY 26, 2020

Consumers care about what a product does, not how it does it. This track brings together founders and funders and showcases exciting new companies, products, services, and business models across different verticals and industries. However, I believe the final form will not be something as flashy as crypto.

Technical Review 62

Technical Review Cofounder New York Software Review 62

Austin Startup

FEBRUARY 20, 2020

This track brings together founders and funders and showcases exciting new companies, products, services, and business models across different verticals and industries. If you are an entrepreneur, check out the SXSW 2020 Startups Track , which runs March 13–17.

Technical Review 62

Technical Review Cleveland Software Review Iowa 62

Austin Startup

FEBRUARY 23, 2020

With the exception of your own product, what tech trend is your team most excited about? This track brings together founders and funders and showcases exciting new companies, products, services, and business models across different verticals and industries. Pay equity addresses equal pay for equal work.

Technical Review 62

Technical Review Seattle Elevator Pitch Equity 62

Austin Startup

SEPTEMBER 29, 2018

business model and team. I usually don’t back a business unless there are founders that can build, sell, and service the new solution that is being brought to market. Here are the ingredients: Business model : This is actually the most important ingredient of the five. Like me, he is a utility player?—?someone

Bootstrapping 52

Bootstrapping IPO Business Model Software Review 52

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the product development model?

Customer Development 238

Customer Development Developer Customer Silicon Valley 238