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Lean Startups aren't Cheap Startups

Steve Blank

Therefore when money is hard to come by, entrepreneurs (and their investors) look for ways to reduce cash burn rate and increase the chance of finding product/market fit before waste you bunch of money. The Customer Development Venture Pitch At this point I often hear entrepreneurs say, “We don’t have the money to scale.

Lean 259
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supermac War Story 1: Joining supermac

Steve Blank

They had an existing distribution channel and their dealers and customers thought they knew who the company was and what it stood for. When I went through their financials as part of my due diligence I realized that if they ditched their low margin disk drive products, it wouldn’t take much to make them a profitable company.

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Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

RSS was something that had appeared.” “….I We have a theme we call Protocol, which are technology protocols and markets built around technology protocols like SMTP for email and RSS. So we have five themes – Digital Life and Distribution are the other two.”. Distribution. This time frame – 2005/2006 – web 2.0

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Top 30 Startup Technology and Product Posts for September 2010

SoCal CTO

Why Every Entrepreneur Should Write and 9 Tips To Get Started - OnStartups , September 27, 2010 "The best part of blogging is the people you will meet"- Hugh MacLeod repeating wisdom from Loic Lemeur to me at the Big Pink at 2 am in South Beach after the Future of Web Apps 2008. Simply put, there is no market for RSS.

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Can You Trust Any vc's Under 40?

Steve Blank

One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. There’s lots of lore, emotion, and misconceptions of what VC’s do or don’t do for entrepreneurs. What Do VC’s Do? The reality is that VC’s have one goal – to maximize the amount of money they return to their investors.

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Times Square Strategy Session – Web Startups and Customer Development

Steve Blank

Even startups that are dominated by technical risk have the customer validation risk of finding positive ROI distribution in a large market. Slightly off-topic, there’s a good example of an entrepreneur going through the “Discovery/Validation&# process for a web business that charges for its product here. Examples here.

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Rocket Science 5: Who Needs Domain Experts

Steve Blank

Go spend some time outside the building talking to potential distribution partners. His point was that it was in the VC’s interest in having entrepreneurs swing for the fences. However the VC’s are managing a portfolio while you, the entrepreneur are managing one company – yours.