Steve Blank

APRIL 28, 2011

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. Teams are iterating and pivoting right and left, one team threw their entire business model out the window and did a complete restart, and another team was having a meltdown over personalities. The Nine Teams Present.

Revenue 213

Revenue West Virginia Oklahoma Oklahoma City 213

Steve Blank

AUGUST 31, 2009

Yet startup companies have traditionally used this model to manage and pace not only engineering but also non-engineering activities. In the next few posts that follow, I’ll describe more specifically how this model distorts startup sales, marketing and business development. Product Development Diagram 1. release of the product.

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

SoCal CTO

NOVEMBER 1, 2010

You should avoid spending your time here and instead focus on finding a way to generate revenue or to attract investors so that you can afford to hire someone. What sweat equity is not good for is for people who you don’t know at all.

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

The Next Web

SEPTEMBER 22, 2013

While you are working away on your business plan, looking for ways to raise capital, finding the right people to hire, etc., What’s more it also required a large team of smart engineers that had experience in programming cross-platform software. Stay lean for as long as possible. Be creative, and stay lean.

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

The Next Web

DECEMBER 30, 2012

Diversifying revenue streams at Wave. Wave is monetizing in a few different ways, but our core value proposition has always been based on a 100 percent free accounting application for small businesses with an offer-based revenue model. We sell online advertising services, so where we would derive revenue was always clear.

Business Model 133

Business Model Technical Review Advertising B2C 133

Steve Blank

DECEMBER 7, 2010

I’ve introduced a new class at Stanford to teach engineers, scientists and other professionals how startups really get built. Many entrepreneurship courses focus on teaching students “how to write a business plan.” ——————– Engineering 245. Others emphasize how to build a product.

Wiki 311

Wiki Lean Management Business Model 311

Steve Blank

OCTOBER 13, 2016

Companies are great at improving their existing business model and value propositions, but fall short when it comes to inventing entirely new business models, value propositions, and growth engines. Bad Habit #3: Insisting on untested and detailed business plans. Don’t ask innovators for business plans.

Non-Compete 329

Non-Compete Agile Business Model San Francisco 329

YoungUpstarts

OCTOBER 19, 2017

The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. In this article we explore the unique challenges of a lean start-up and how Outsourced Product Development (OPD) can be used to overcome them. The Lean Start-Up Environment.

Product Development 153

Product Development Lean Developer Product 153

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. Over its lifetime a Lean Startup may spend less money than a traditional startup. Lets see why.

Lean 244

Lean Silicon Valley Startup RSS 244

Startup Lessons Learned

JUNE 5, 2009

I think this idea is particularly appealing to those of us from an engineering background. And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Steve Blank

MARCH 18, 2011

Lean Startups/Back to Basics (2000-2010): No IPO’s, limited VC cash, lack of confidence and funding fuels “lean startup” era with limited M&A and even less IPO activity. VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter.

Internet 334

Internet IPO Silicon Valley Agile 334

Startup Lessons Learned

NOVEMBER 8, 2008

This theory has become so influential that I have called it one of the three pillars of the lean startup - every bit as important as the changes in technology or the advent of agile development. Most likely, your business plan is loaded with opinions and guesses, sprinkled with a dash of vision and hope. Expo SF (May.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Startup Lessons Learned

JANUARY 2, 2009

For the rest of us, there is an alternative: to create credibility by building a lean startup. We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. The only folks who invested in me were the ones who barely understood the business plan.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

Steve Blank

DECEMBER 10, 2014

The University of Maryland is now integrating the Lean LaunchPad ® into standard innovation and entrepreneurship courses across all 12 colleges within the University. Over 44 classes have embedded the business model canvas and/or Customer Discovery including a year-long course taken by every single one of its bioengineering majors.

Maryland 272

Maryland Lean DC Virginia 272

Steve Blank

FEBRUARY 23, 2016

In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue? The Lean Startup is the way most innovators build startups and innovate inside of existing companies. The Business Model Canvas has been a great invention for everyone from startups to large companies.

Business Model 120

Business Model Revenue Channel Community 120

Steve Blank

MAY 3, 2011

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. Last week the teams tested their Revenue Models hypotheses: what are customers willing to pay for? Of real interest was their evolving view of their revenue model. All the teams have crossed the Rubicon. . Veritas turbines.

South Dakota 217

South Dakota Business Model Lean United States 217

This is going to be BIG.

APRIL 27, 2010

Business plan competitions are the air guitar championships of the startup world. This is the case when the requirements of these events don’t actually include building a real business or product. So then, why are we teaching our students to trust fall without any revenues of their own to catch them?

New York 116

New York CTO Hire Technical Review New York City 116

crowdSPRING Blog

NOVEMBER 30, 2012

Start With a Business Model, Not a Business Plan | WSJ – [link]. The problem with a Lean Startup: the Minimum Viable Product | Paul Kortman – [link]. Must-read for marketers … Reverse Engineering Facebook EdgeRank – [link]. Red All Over: Newspaper Revenues Fall In Q3 – [link].

Social Media 100

Social Media Small Business Central African Republic Design 100

Steve Blank

OCTOBER 13, 2016

Companies are great at improving their existing business model and value propositions, but fall short when it comes to inventing entirely new business models, value propositions, and growth engines. Bad Habit #3: Insisting on untested and detailed business plans. Don’t ask innovators for business plans.

Non-Compete 120

Non-Compete Agile Business Model San Francisco 120

Startup Professionals Musings

JUNE 18, 2012

Establishing the legal structure for your business, registering trademarks, filing copyrights and patents, and drafting partnership agreements used to require extensive attorney fees and ongoing consultation. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Facilities and staff.

Cost 255

Cost Burn Rate SEM Startup 255

Steve Blank

FEBRUARY 12, 2015

We’re at 70 people, and we’ll do $40 million in revenue this year and should get to cash flow breakeven this quarter. ” He was going to have build into his organization training, hiring standards, sales processes and compensation programs, all the while engineering a culture that still emphasized the value of its people.

Startup 120

Startup Lean Venture Capital Advisory Board 120

Startup Professionals Musings

FEBRUARY 15, 2011

Establishing the legal structure for your business, registering trademarks, filing copyrights and patents, and drafting partnership agreements used to require extensive attorney fees and ongoing consultation. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Facilities and staff.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Steve Blank

SEPTEMBER 3, 2009

Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. The meaning of alpha test , beta test, and first customer ship are pretty obvious to most engineers. What plan says that?

Customer Development 215

Customer Development Developer Customer Silicon Valley 215

Business Plan Blog

OCTOBER 24, 2013

Plan for Niche Domination. Why should your next business plan focus on finding and developing a niche? In the Science of “ Revenue Generation ” to develop a “Revenue Strategy,” you must answer 5 foundation questions. Question number three is “What is the niche or niches you plan to (or do) dominate?”.

Revenue 68

Revenue Canada Lean Cofounder 68

ReadWriteStart

AUGUST 1, 2011

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory - income statements, balance sheets, business plans, revenue models - seems like another planet.

Silicon Valley 118

Silicon Valley Intellectual Property Balance Sheet Lean 118

Up and Running

AUGUST 4, 2016

If you’re looking for news from literally everyone in the construction industry—both engineers and foremen—don’t skip this resource. If your construction tastes lean toward the more aesthetic, check out Contract. See Also: Do You Know How to Face Your Fears and Get Out to Network? Magazines and blogs. Building Design + Construction.

United States 60

United States Architecture America Lean 60

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. It was adopted by the consumer packaged goods industry in the 1950s and spread to the technology business in the last quarter of the twentieth century.

Silicon Valley 260

Silicon Valley Product Startup Product Development 260

Gust

JUNE 10, 2012

Establishing the legal structure for your business, registering trademarks, filing copyrights and patents, and drafting partnership agreements used to require extensive attorney fees and ongoing consultation. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Facilities and staff.

Cost 139

Cost Burn Rate SEM Startup 139

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.) Some of these are questions that would be addressed in a business plan. Others you need to know when you execute the plan.

Vertical 122

Vertical Silicon Valley RSS Marketing 122

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. One-Page Business Pitch Template.

Software Review 74

Software Review Software Delaware Forecast 74

Up and Running

AUGUST 12, 2015

Recently, Palo Alto Software CEO Sabrina Parsons hosted a webinar for our Bcast members on how to use LivePlan to create a better business plan, pitch your idea to investors, and track your business. As a successful small business owner, Sabrina wanted to show off how LivePlan’s many features can help boost your business.

Forecast 60

Forecast Video Business Plan United States 60

Up and Running

JULY 24, 2015

Business planning. To start your business, you’ll need a sound business plan. But here at Bplans, we make an effort to provide entrepreneurs with the resources they need to start and run successful businesses. Paychex is a search engine for business loans. Business USA Finance Wizard.

Entrepreneur 60

Entrepreneur Small Business Administration SBA Pennsylvania 60

SoCal CTO

DECEMBER 1, 2010

Who better to answer than the company's engineering lead. No Business Plan Survives First Contact With A Customer – The 5.2 The Proof Is In The Revenue. Vision Synching in a Lean Startup - Startup Marketing Blog , November 12, 2010 In the age of the lean startup , we often forget about the importance of vision.

Technical Review 175

Technical Review Technology Product CTO Hire 175

Up and Running

NOVEMBER 27, 2017

Furthermore, most of the young entrepreneurs’ problems I’ve seen are related to poor planning. Many people tend toward over thinking things when trying to craft a perfect business plan. So, the planning stage can feel high stakes. I am a huge advocate for the lean way of starting and running a business.

Curation 68

Curation Business Model SEO Social Media 68

Startup Lessons Learned

DECEMBER 14, 2009

Now, Andrew’s excellent piece that I quoted from above correctly diagnoses two situations where consumer internet companies often get in trouble: They focus too much on short-term revenue, getting caught in a local maximum via constant optimization. The level of engineering quality will vary.

Customer 156

Customer San Francisco Viral Lean 156

Startup Lessons Learned

JANUARY 10, 2011

We still have some collective scar tissue: the idea conjures up the hordes of dot-com hopefuls that descended on VC’s and angel investors with little more than a business plan. I hear similar things for pre-revenue startups that are on schedule, on time, and on budget - even though they are busy building something that nobody wants. (In

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

Steve Blank

MARCH 26, 2019

We just finished the 8 th annual Lean LaunchPad class at Stanford. It’s hard to imagine, but only a decade ago, the capstone entrepreneurship class in most universities was how to write – or pitch- a business plan. In my experience, I saw that most business plans don’t survive first contact with customers.

Lean 248

Lean Business Model Balance Sheet Video 248