Steve Blank

MAY 9, 2017

When the product and channel are bits, adoption by 10’s and 100’s of millions and even billions of users can happen in years versus decades. The second thing that’s changed is that we’re now Compressing the Product Development Cycle. This might mean competing with and if necessary killing your own products.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

Steve Blank

NOVEMBER 2, 2009

The key contributors to an out-of-control burn rate is 1) hiring a sales force too early, 2) turning on the demand creation activities too early, 3) developing something other than the minimum feature set for first customer ship. This “get out of the building” activity is the Customer Discovery step of the Customer Development Model.

Lean 244

Lean Silicon Valley Startup RSS 244

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. Step 1: Start with a lean plan. Instead of sitting down to write a 40-page business plan, start with a one-page pitch. How to Write a Traditional Business Plan.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

MARCH 4, 2014

Every large company, whether it can articulate it or not, is executing a proven business model (s). A business model guides an organization to create and deliver products/service and make money from it. Somewhere in the dim past of the company, it too was a startup searching for a business model. StageGate Process.

IRR 335

IRR Startup Business Model Agile 335

Steve Blank

NOVEMBER 18, 2010

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) The Revenue Plan – The Third Fatal Assumption. Notice that the traditional product introduction model leads to a product launch and the execution of a revenue plan.

Burn Rate 247

Burn Rate Management Business Model Customer Development 247

Startup Professionals Musings

MAY 31, 2014

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

Elevator Pitch 285

Elevator Pitch Salary Angel Investor Viral 285

Startup Professionals Musings

AUGUST 5, 2018

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

Elevator Pitch 139

Elevator Pitch Salary Angel Investor Viral 139

Hearpreneur

JULY 10, 2017

Prior to starting Ozmo both Ming and I worked in a design house creating new and better products. Throughout my five years of experience in product development, I realized that most of product launch failure could have been avoided by getting the product right earlier on, or understanding the limit of the maker.

Entrepreneur 102

Entrepreneur Hungary Software Review Cofounder 102

Steve Blank

MARCH 11, 2015

That means in their core business, large companies have a series of knowns. They’ve found product/market fit (what products customers want to buy). They’ve learned the best distribution channel to get the product from their company to the customer. and how to price the product.

Widget 120

Widget Lean Business Model Metrics 120

Steve Blank

AUGUST 27, 2009

This series of posts is a brief explanation of how we’ve evolved from Product Development to Customer Development to the Lean Startup. The Product Development Diagram Emerging early in the twentieth century, this product-centric model described a process that evolved in manufacturing industries.

Silicon Valley 260

Silicon Valley Product Startup Product Development 260

Startup Professionals Musings

JULY 30, 2016

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

Elevator Pitch 120

Elevator Pitch Salary Angel Investor Viral 120

Startup Professionals Musings

OCTOBER 12, 2010

In business, one important measure is the value of the company. That’s because a company’s value is a composite of all of the quantitative and qualitative factors that comprise a company: revenues, expenses, risks, growth prospects, quality of the management team, competitive advantages, strength of the intellectual property, and so forth.

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Intellectual Property .Net Valuation Distribution 223

Steve Blank

JUNE 8, 2009

Customer Development by Vertical - Click to Enlarge (As a reminder, the Customer Development process says your business plan is just a series of untested hypothesis (unless you’re a domain expert.) You take your product vision and get out of your building to turn your hypothesis into facts. Waterfall, Agile, Lean?

Vertical 122

Vertical Silicon Valley RSS Marketing 122

Startup Lessons Learned

JUNE 5, 2009

She has a separate team, with its own culture and office, and a mandate straight from top management to innovate without regard to the company’s historic products, channels, or supply chain. And so the spreadsheet is built with conservative assumptions, including a final revenue target. So far, so good.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

OCTOBER 23, 2013

In the Udemy course, Alistair and Ben expand these basics into a description of how to create empathy, stickiness, virality, revenue, and scale. Stickiness, Ben and Alistair say, is where people move on too quickly--they don’t make sure they really have a product that has the right features and functionality to meet their customers’ needs.

Analytics 167

Analytics Lean Widget Metrics 167

Startup Lessons Learned

DECEMBER 14, 2009

A minimum viable product in this category must answer the question: does my media content or channel command the attention of a valuable audience? They aren’t really engaged in customer development, they aren’t getting inside their customers’ heads, and they aren’t crafting a robust ecosystem.

Customer 156

Customer San Francisco Viral Lean 156

crowdSPRING Blog

SEPTEMBER 21, 2014

This means that you need to be in constant contact with your customers: make it easy for them to contact you , survey them regularly , provide great content for them through your social media channels, and listen closely to what they have to say. A business plan is a great place to start and every business needs one.

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Small Business Startup Leadership Vertical 95

techcrunch.com

OCTOBER 23, 2010

Sean and Shawn from Napster met in an IRC channel. He said that you need a reliable business plan, six months of cash on hand, and cheap labor. More often than not, a startup/company fails because the product developed is not what the marketplace sought. Chad and Steve from YouTube met while working at PayPal.

Cofounder 66

Cofounder Founder Silicon Valley Technical Cofounder 66

maplebutter.com

JANUARY 8, 2013

Or should I launch products and a startup for each of them, focusing on only 1 product at a time? I would focus on one product and set a goal to generate $1M in yearly revenue from it. Do that – nothing else but one product / company / focus and get to $1M in sales with atleast $15% net profit. do something else.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Tim Keane

APRIL 24, 2006

Last night, Bob Zieserl, Venture Capitalist, and general partner at Stratus Ventures, was the keynote speaker at the Marquette University Business Plan Competition. As an example, we had an advanced manufacturing business that achieved excellent early results. The product development cycle was excellent.

Wisconsin 60

Wisconsin Angel Investor Bootstrapping Venture Capital 60

Designmantic Blog

MARCH 6, 2018

It is apparent that the United States has the highest performing entrepreneurship, but what is truly amazing is how women contribute the biggest growth in revenue, employment and financial efficiency. She is recognized as a design and innovation leader in high-impact and philanthropy product development. Lea Woodward.

Entrepreneur 76

Entrepreneur Social Media B2B Cofounder 76