Steve Blank

MAY 6, 2015

Waterfall Development. While it sounds simple , the Build Measure Learn approach to product development is a radical improvement over the traditional Waterfall model used throughout the 20 th century to build and ship products. It’s a really big idea because what you build needs to match the hypothesis you want to test.

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Austin Startup

APRIL 14, 2020

Lazarus: Credit Before COVID-19 madness ensued, we were ramping up our beta community outreach, finalizing our Ambassador program, nailing product development, and flirting with guerrilla marketing ideas for a classic post-SXSW launch. No business plan or Trello roadmap could’ve planned for this curveball.

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Austin New York City Matching Cofounder 64

Up and Running

JULY 3, 2014

Pick the one that works best for you, keeping in mind that you can shorten the analysis while keeping the major components of the plan intact. The back-of-the-napkin export business plan (suitable for born-global entrepreneurs). The traditional-export business plan. The Laurel export business plan.

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Business Plan Widget France Global 74

Steve Blank

NOVEMBER 5, 2009

It should go without saying that this post is not advice, nor is it recommendation of what you should do, it’s simply my observation of how companies using Customer Development positioned themselves to successfully raise money from venture investors. Is there a profitable business model? What are Early Stage VC’s Really Asking?

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Customer Development Developer Customer Silicon Valley 262

Up and Running

JULY 19, 2016

It’s about what your business does for people that other businesses don’t do. See Also: Business Planning Guide. I’m not sure where this classic positioning statement template started, or whom to credit, but I’ve found it very useful for years of developing business plans. Positioning diagrams.

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Up and Running

JUNE 14, 2017

Some believe in the all-in approach to product development: build an advanced app. For instance, to simulate an Uber-like experience, you could create a Facebook ride sharing page that matches riders with drivers on demand, by simply asking members to post their ride requests, then privately chatting with drivers.

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Technical Review Distribution Redemption Demand 96

Up and Running

OCTOBER 10, 2018

This article is part of our Business Planning Guide —a curated list of our articles that will help you with the planning process! Business advisors, experienced entrepreneurs, bankers, and investors generally agree that you should develop a business plan before you start a business.

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Startup Forecast Lean Balance Sheet 114

Startup Lessons Learned

SEPTEMBER 27, 2010

One of the sayings I hear from talented managers in product development is, “good enough never is.&# And, most importantly, it helps team members develop the courage to stand up for these values in stressful situations. Lessons Learned by Eric Ries Monday, September 27, 2010 Good enough never is (or is it?)

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San Francisco Lean Continuous Deployment Software Review 167

Steve Blank

NOVEMBER 18, 2010

Notice that the traditional product introduction model leads to a product launch and the execution of a revenue plan. The revenue numbers and revenue model came from a startups original Business Plan. that make up a business model. Unless you were incredibly lucky most of your assumptions are wrong.

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Burn Rate Management Business Model Customer Development 247

Women Entrepreneurs Can

NOVEMBER 19, 2022

They also look for a robust business model and product/market fit. To secure funding, a startup must have a viable business plan and a functioning business model. In addition, a startup needs to demonstrate product-market fit. Seed funding is usually used to support product development, sales, and marketing.

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Up and Running

JULY 2, 2014

of our company in exchange for the $300K, and my business partner and I each diluted from 50% ownership down to 33.3% We had a beta product launched, 20 beta testers, and lots of interest from different investor groups. The deal we made with him was he’d get 33.3% We were on a roll.

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Technical Review Angel Investor Due Diligence Dilution 118

Steve Blank

MARCH 11, 2015

And worse, even if someone does manage to start something new, our management structure has so many financial, legal and HR hurdles that every initiative needs to match our existing business financial metrics, processes and procedures. for new product development that emphasize immediate returns.

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Widget Lean Business Model Metrics 120

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.

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Entrepreneur Hungary Software Review Cofounder 102

YoungUpstarts

MARCH 13, 2018

The last thing you want to do is to spend months getting an invention transformed into a physical product, only to find out that some company in China has been selling them for years. Pretend to be a customer looking for your product and Google it thoroughly, using a variety of keywords to try to bring up similar or matching items.

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Product Small Business Administration SBA China 100

Startup Professionals Musings

MARCH 11, 2013

Incorporate your startup after the business plan, but before you spend a dollar on product development. Many entrepreneurs don’t realize that the tax entity election doesn’t have to match the legal entity. Here are the key steps: Form the simplest legal entity early to cover your efforts.

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LLC Nevada Delaware Limited Liability Company 234

Austin Startup

AUGUST 20, 2017

You can conduct group interviews, get your candidate “liquored up” (not a recommendation), and even have a trial period on the job to see if there’s a good match. Your original business plan will probably go out the window when you land your first customer. You also must give thought to the priorities of tasks at hand.

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Technical Review Software Review Cap Table Securities and Exchange Commission 48

Up and Running

MARCH 1, 2016

At Palo Alto Software, we use the One-Page Pitch feature in LivePlan to quickly validate new business ideas. You can do this on your own too using the lean planning methodology. See Also: One Easy Trick to Get Your Business Plan Done in Under an Hour. You want to be able to change it. Step 5: Protect your idea.

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Non-disclosure Agreement NDA Non-Compete Naming 60

Steve Blank

MAY 18, 2009

Next, you have to deal with the daily crisis of product development and acquiring early customers. And here’s where life gets really interesting, as the reality of product development and customer input collide, the facts change so rapidly that the original well-thought-out business plan becomes irrelevant.

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techcrunch.com

OCTOBER 23, 2010

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. But at the end of the day, it is about a product being accepted. Sunil Very useful post, thanks.

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Cofounder Founder Silicon Valley Technical Cofounder 66

viniciusvacanti.com

SEPTEMBER 7, 2010

As a technical person, I’d definitely prefer a business person who has a little more technical experience. I pick my cofounder's brain almost daily about the inner workings of our product, so that I can be better informed about the tech side of things. San Kim Definitely. You need to avoid the idea guy and the doer guy problem.

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Cofounder Technical Cofounder Founder Ruby 43

Up and Running

JUNE 17, 2015

Look at the top 20 to 30 people you currently do business with, who are not your customers. You are looking to see if one of them would be a match or if they can introduce you to someone who would be a match.”. SCORE mentors: Either via email or in person, SCORE connects entrepreneurs with volunteer business mentors.

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Incubator LLC Networking Kansas City 60