article thumbnail

Raising Money Using Customer Development

Steve Blank

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Product Development – Getting Funded as The Goal In a traditional product development model, entrepreneurs come up with an idea or concept, write a business plan and try to get funding to bring that idea to fruition.

article thumbnail

The David S. Rose Reading List for High-Growth Startups

Up and Running

You’ll learn more about what destroys startups, how to use the Customer Development method to succeed, how to use the Business Model Canvas, how to identify and keep your customers, and how to drive profits. Lean Customer Development: Building Products Your Customers Will Buy. B y Cindy Alvarez.

Startup 80
Insiders

Sign Up for our Newsletter

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

article thumbnail

SuperMac War Story 6: Building The Killer Team – Mission, Intent.

Steve Blank

Reply How to close a term sheet quickly - Venture Hacks , on April 28, 2009 at 10:43 am Said: [.] on April 10, 2009 at 6:58 am Said: Amazing blog. Reply Process for the Enterprise » Blog Archive » People, Staffing, and Steve Blank’s SuperMac Series , on April 17, 2009 at 11:40 am Said: [.]

article thumbnail

Make No Little Plans – Defining the Scalable Startup

Steve Blank

Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google. Posted in Customer Development, Durant versus Sloan, Technology, Venture Capital. Tags: Customer Development Durant versus Sloan Technology Venture Capital.

article thumbnail

Corporate Venture Capital: Obligatory or Oxymoron?

David Teten

The term sheets of good corporate investors reflect the venture capital industry standards and don’t require special treatment like first right of refusal in case of a sale or operating agreements with their parent company’s divisions. Could they excel at customer development with enterprises? Are they good sales people?

article thumbnail

“Lessons Learned” – A New Type of Venture Capital Pitch

Steve Blank

But Cafepress’s most memorable moment was when the founders used a “Lessons Learned” VC pitch to raise their second round of funding and got an 8-digit term sheet that same afternoon. The presentation didn’t have a single word about Lean Startups or Customer Development. Here’s how they did it. And learn from it.”

article thumbnail

Deals We Lost: Homebrew’s Two 2013 Misses

Hunter Walker

The product was still evolving but their execution ability and customer development had accelerated nicely during the startup’s first few months. To be clear, this isn’t about variable enthusiasm in the deals we chase – we bust our asses before and after term sheets with every company we invest in.

Cofounder 105