article thumbnail

The Phantom Sales Forecast – Failing at Customer Validation

Steve Blank

Customer Validation needs to have the CEO actively involved. Customer Development Diagnostics over Lunch. A VC asked me to have lunch with the CEO of a startup building cloud-based enterprise software. He said, “I insist on getting weekly status reports with forecasted deal size and probability of close.

Forecast 276
article thumbnail

From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

It’s not just about a logo or a tagline; it’s the experience you promise your customers. Develop a marketing strategy that leverages both digital and traditional channels. This involves careful budgeting, financial forecasting, and cash flow management. Securing funding can also be a critical step for your venture.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Lean LaunchPad – Teaching Entrepreneurship as a Management Science

Steve Blank

We’ll build the class around the business model / customer development / agile development solution stack. Instead you will be getting your hands dirty talking to customers, partners, competitors, as you encounter the chaos and uncertainty of how a startup actually works. What resonates with customers?

Wiki 316
article thumbnail

Lessons Learned: What does a startup CTO actually do?

Startup Lessons Learned

Ive forecasted the issues you have spoken of without entertaining the thoughts of solutions like you have. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Even though I havent performed the roll before and dont have the experience of any of the other posters, this hits home.

CTO 168
article thumbnail

How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

We’ve seen some modest progress in people upgrading from Excel to Google Sheets; use of some CRM; and a cloud-based storage service. VCs tout themselves as frontier technology investors, but most are using the same infrastructure tools they have used for the past 20+ years: Excel and recent college grads searching Google.

article thumbnail

The Ultimate Guide to Starting a Software Company

Up and Running

Since the term “cloud computing” was coined in 1996—at least as we have come to understand its meaning—the software as a service industry has exploded. We created UpKeep to fill this void—a cloud-based solution that was affordable for any size business.” – Ryan Chan, founder of UpKeep. Your forecast would have been for nothing.

article thumbnail

It's a startup, not a spreadsheet

Startup Lessons Learned

Companies that reliably fail to make their forecasted numbers are exceptionally prone to “management retooling.&# The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Certainly venture-backed startups don’t have this luxury – every business plan has a model in it.