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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

Not only is the Chinese ecosystem completely different but also the consumer demographics and user expectations are equally unique. 70% of Chinese Internet users are under 30. websites that are sparse and slick, Chinese users currently expect complicated, crowded and busy web pages. New Rules for China. Unlike U.S.

China 326
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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

Not only is the Chinese ecosystem completely different but also the consumer demographics and user expectations are equally unique. 70% of Chinese Internet users are under 30. websites that are sparse and slick, Chinese users currently expect complicated, crowded and busy web pages. New Rules for China. Unlike U.S.

China 218
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The LeanLaunch Pad at Stanford – Class 3: Value Proposition Hypotheses

Steve Blank

Week 3 of the class and our teams in our Stanford Lean LaunchPad class were hard at work using Customer Development to get out of the classroom and test the first key hypotheses of their business model: The Value Proposition. They did an online survey of 200 existing users (~5% response rate). This post is part three.

Cloud 235
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Vertical Markets 4: Putting it All Together « Steve Blank

Steve Blank

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 124
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Finding Technical Cofounders Is Hard

rob.by

Certainly using techniques such as customer development (www.custdev.com) and lean startup (minimum viable product) can help go a long way to giving the tech co-founder some early payback in terms of whether there will be any traction in the idea and reduce their inital involvment to get to prototype stage.

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Startups in stealth mode need one piece of advice - Discussion

news.ycombinator.com

It sounds like youre assuming that your execution will be flawless, even something to be copied by competitors, but how can you know without testing it on the customer? flavor of a question-and-answer, poll-your-friends site with a distant revenue model and no user acquisition strategy. From the link: Oh, and what was the company?

Stealth 41
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Why The ‘Fail Fast’ Mantra Needs to Fail

Both Sides of the Table

Because I have met so many young entrepreneurs who tell me, “we don’t need business plans anymore, there a waste! We’re going to put our product out there and fail fast!&# [note: business plan to me does not equal long Microsoft Word document. Paying customers. How do I know this? This is wrong.