Startup Professionals Musings

DECEMBER 13, 2013

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. Myspace, for example, launched in 2003 and boomed for five years without a revenue model. When their deep pockets went empty, Google stepped in, but demanded revenue from ads.

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Widget Angel Investor Revenue Early Stage 242

Startup Professionals Musings

APRIL 15, 2017

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. MySpace, for example, launched in 2003 and boomed for five years without a revenue model. When their deep pockets went empty, Facebook stepped in, but demanded revenue from ads.

Widget 137

Widget Angel Investor Revenue Early Stage 137

Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Forecast sales-volume expectations.

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Forecast Entrepreneur Burn Rate Widget 120

Steve Blank

MARCH 11, 2015

I just spent a day working with Bob, the Chief Innovation Officer of a very smart large company I’ll call Acme Widgets. They’ve figured out the revenue model (subscription, license, direct sale, etc.) Therefore, in a large company, failure to meet a goal – revenue, product delivery, service, etc.– and how to price the product.

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Widget Lean Business Model Metrics 120

Startup Professionals Musings

NOVEMBER 6, 2012

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. Twitter, for example, doesn’t have much of a revenue model today, and they are growing, but I’m not sure who can ever sell 140 character tweets. So let’s take a look.

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Widget Angel Investor Early Stage Revenue 234

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. LSC: What''s an example of one metric, other than revenue, that you might look at for a non-tech product? We often tell founders that a business plan is nonsense.

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Analytics Lean Widget Metrics 167

Startup Professionals Musings

AUGUST 18, 2011

You might sell one of two of your widgets for $1M each, entering profitability immediately, but then die because you can’t grow sales at that price. Twitter, for example, doesn’t have a real revenue model today, and they are growing, but I’m not sure who can ever sell 140 character tweets. So let’s take a look.

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Startup Widget Angel Investor Early Stage 243

Startup Professionals Musings

JULY 21, 2010

You might sell one of two of your widgets for $1M each, entering profitability immediately, but then die because you can’t grow sales at that price. Twitter, for example, has no revenue model today, and they are growing, but I’m not sure who can ever sell 140 character tweets. Build a business plan for profitability in your lifetime.

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Widget Angel Investor Early Stage Revenue 227

Growthink Blog

MAY 14, 2013

The more automated and error-proof your system, the more you are able to dedicate your time and energy to growing your business rather than simply running the day-to-day operations. You may be central to your business, but to have real value, the business needs to be sustainable without you. If so, think about your exit plan.

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Widget United States Operations Venture Capital 103

VC Adventure

SEPTEMBER 28, 2010

Those venture capitalists and investors have the money that could make the difference between the success and failure of your fledgling business, but they tend to be bombarded with business plans to the point that they could not possibly read all the information they receive from business owners seeking financing.

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Early Stage Widget Business Plan Venture Capital 85

mashable.com

NOVEMBER 3, 2010

He goes on to add, “Having revenue is even better, though not applicable to every startup … Passion, skill, vision and maturity really matter.&# If you’re lucky enough to score a meeting with Gordon, make the most of it — and don’t forget to talk revenue potential. Procter & Gamble Launches Widget to C.

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Angel Investor Startup San Francisco Social Media 80

Startup Lessons Learned

AUGUST 17, 2020

They found ways to support longterm care facilities, homeless shelters, and other locations serving those most at risk, all while schools, their main source of revenue, were closed. So it was much less about sort of what's the next cool widget that you can design and more about, where do you see a need in the world around you?

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Cofounder Security Founder Entrepreneur 60

Up and Running

OCTOBER 14, 2016

Focus on making sure you have enough saved to cover your personal expenses for six months to a year, and perhaps estimate what expenses you’ll incur on the business end (such as website design, business cards, hiring an accountant, and so on—we’ll get into these topics in more detail later on). For a business plan event.

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Social Media Business Plan Lean Naming 60