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It’s Not a Conversion Problem, It’s a Customer Development Problem

ConversionXL

The most common mistake startups make is assuming they can operate the same way big companies do, and expect success with little to no feedback from potential customers. A corporation like Starbucks could pick locations by throwing a dart at a map and know they’ll at least break even with a new location and mediocre customer service.

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Is the Lean Startup Dead?

Steve Blank

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim.

Lean 335
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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

If you’re a software startup competing in China, the words that come to mind are “ruthless and relentless.” company setting up some subsidiary here and expecting them to compete while they were following U.S. But the differences are worth noting – it’s a young ecosystem, so startup management tools are nearly non-existent.

China 326
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Qualcomm’s Corporate Entrepreneurship Program – Lessons Learned (Part 2)

Steve Blank

With hindsight we should have had “proof of concepts” tested in a corporate center (think ‘pop-up incubator’) where they would do extensive Customer Discovery. Doing so meant they would have to take risks for IP acquisition and customer/market risks outside their experience or comfort zone.

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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

If you’re a software startup competing in China, the words that come to mind are “ruthless and relentless.” company setting up some subsidiary here and expecting them to compete while they were following U.S. But the differences are worth noting – it’s a young ecosystem, so startup management tools are nearly non-existent.

China 218
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Lessons Learned: Validated learning about customers

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? This may sound crazy, coming as it does from an advocate of c harging customers for your product from day one. They are gaining valuable customer data.

Customer 167
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Hiring – Easy as Pie

Steve Blank

Over the last few weeks I’ve gotten involved in hiring for two startups, a public agency and a non profit. Now that you have this spec, evaluate each candidate by showing his/her competence in each slice by length. Show your assessment of each candidate’s competencies by the length of the slices. Compare candidates.

Hiring 295