ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Pre-Requisites of Funding.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

JULY 1, 2017

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It’s what separates the true entrepreneurs from the wannabes. Commit to a major customer.

Product Development 177

Product Development Cost Developer Product 177

Steve Blank

AUGUST 21, 2013

We’re going to test this hypothesis by teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of veteran venture capitalists. The teams that took the Lean Launchpad class – get ready for this – had a 60% success rate.

SBIR 314

SBIR Technical Review Lean Startup 314

Startup Professionals Musings

FEBRUARY 19, 2013

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It’s what separates the true entrepreneurs from the wannabes. Commit to a major customer.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Lessons Learned

MAY 9, 2012

TLDR: Brant Cooper and Patrick Vlaskovits , authors of The Entrepreneur's Guide to Customer Development are back with a new book called The Lean Entrepreneur. Since then, Brant and Patrick have been tireless advocates for the whole Lean Startup movement. Illustrations by FAKEGRIMLOCK. You can pre-order it starting today.

Entrepreneur 167

Entrepreneur Lean Southern California San Diego 167

Startup Professionals Musings

JANUARY 12, 2018

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It’s what separates the true entrepreneurs from the wannabes. Commit to a major customer.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Up and Running

MAY 28, 2015

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf. I’m going to start with what’s a lean business plan.

Lean 60

Lean Business Plan Video Software Review 60

Both Sides of the Table

SEPTEMBER 22, 2012

“Lean” is great in the early days but if you discover an attractive market opportunity you need to get “fat” really quickly or somebody else will. And so do entrepreneurs who are quick to pivot to new businesses or to sell in an acquihire. Some entrepreneurs can make a dent in a smaller world.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

Steve Blank

MARCH 8, 2011

In January, we introduced a new graduate course at Stanford called the " target="_blank">Lean LaunchPad. A few weeks before the Stanford class began, the teaching team went through their Rolodexes and invited entrepreneurs and VCs to volunteer as coaches/mentors for the class’s teams. OK, somehow we got them interested.

Lean 298

Lean Business Model Customer Development Guinea 298

Startup Professionals Musings

JULY 16, 2012

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. The hard part for entrepreneurs is figuring out what it takes to play. For VCs, early-stage means customer revenue is less than $10M. Lean startup. Super Angels.

Early Stage 253

Early Stage Finance Seed Stage Entrepreneur 253

A Smart Bear: Startups and Marketing for Geeks

AUGUST 9, 2010

You repeat these mantras at Lean Startup Meetings but you're not doing it.? Repeat after me: You are not your customer." — Eric Ries , Lean Startup leader (repeating a conversation with a startup founder). How many do you suppose produce any revenue? (My I say "find ten people who say they'll buy." We think differently.

Software Review 312

Software Review Part-Time VPE Houston Cofounder 312

The Startup Magazine

OCTOBER 27, 2019

Unfortunately, such a high number does not translate to an equal level of revenues. An even more surprising statistic is that over 60% of all business-related revenues are collected by large corporations, the likes of which include Apple, Facebook, Amazon, Google, and similar. Poor Cash Flow Management. Inventory Issues.

Technical Review 62

Technical Review Revenue Software Review Campaign 62

The Startup Magazine

OCTOBER 9, 2019

Tech startups are, in contrast, focused on rapid growth, potential, and top-end revenue. Separate Personal and Business Finances. The self-funded startup is an increasingly popular model used by tech-oriented entrepreneurs to bootstrap their business idea without the need for traditional finance or funding rounds.

Technical Review 80

Technical Review Bootstrapping Startup Finance 80

Gust

JULY 8, 2012

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. The hard part for entrepreneurs is figuring out what it takes to play. For VCs, early-stage means customer revenue is less than $10M. Lean startup. Super Angels.

Early Stage 177

Early Stage Finance Seed Stage Entrepreneur 177

Up and Running

MAY 3, 2012

After all, entrepreneurs can do many good things, not least to create wealth and employment, pay taxes and help the balance of trade through exports. Eric Ries , author of The Lean Start-up , puts it best: ‘ The grim reality is that most start-ups fail. We’re all failing this generation of entrepreneurs by not being tough on them.

Entrepreneur 82

Entrepreneur Technical Review Silicon Valley Lean 82

Both Sides of the Table

JUNE 22, 2011

This was an audience of mostly first-time entrepreneurs. It is great for entrepreneurs and great for VCs. So here is what I have been telling entrepreneurs privately for the past 6 months. Ah, but today’s Internet companies have real revenue! What a bubble means for each entrepreneur. I believe that.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Both Sides of the Table

SEPTEMBER 16, 2010

This is the fourth article in a series on what it takes to be a great angel investor (and why this should matter to entrepreneurs). When the cards align and your odds of winning increase you “lean&# on your investment and take a more bullish stance. Part 1 – Access to Great Deal Flow – is here. avoid being diluted).

Cap Table 283

Cap Table Angel Investor Liquidation Preference Deal Flow 283

Startup Lessons Learned

MAY 21, 2014

Post by Lean Startup Conference co-hosts Sarah Milstein & Eric Ries We’re excited to announce this year’s Lean Startup Conference , December 8 – 12 in San Francisco. This year, we’re defining the conference program as a series of hard questions entrepreneurs commonly face, and we’ll address them in our talks and workshops.

Lean 165

Lean San Francisco Startup Metrics 165

Startup Professionals Musings

DECEMBER 15, 2014

Eighty percent of new entrepreneurs use this approach, with only six percent using investor funding. The remaining entrepreneurs borrow from family and friends, or acquire a loan. If you chose the entrepreneur lifestyle to be your own boss, don’t accept money from anyone. Entrepreneurs need to start small and pivot quickly.

Bootstrapping 276

Bootstrapping Entrepreneur Startup Burn Rate 276

Up and Running

JUNE 21, 2013

You need to engage in Lean Planning. 60 percent of the small businesses that fail in America fail due to lack of cash, not lack of profits—using Lean Planning you can quickly understand if you have missed assumptions about your financials that will ultimately have an adverse effect on your cash.

Small Business 153

Small Business Software Review Lean Advertising 153

Startup Lessons Learned

APRIL 14, 2009

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? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Up and Running

OCTOBER 12, 2017

Recently, Barbara Corcoran , entrepreneur and Shark Tank judge, shared some of her insights on small business. Tim Berry, founder of Palo Alto Software and Bplans, asked, “What’s the best way for entrepreneurs to demonstrate that they’ve thought through the essential aspects of their business, especially the financials?”.

Metrics 128

Metrics Software Review Forecast Small Business 128

Startup Lessons Learned

NOVEMBER 14, 2013

Guest post by Lisa Regan, writer for T he Lean Startup Conference. We’ve posted the full program for The Lean Startup Conference , and it includes more than three days of events for Gold pass holders and six days of events for VIP pass holders. On the evening of December 8, Ignite Lean Startup kicks off the conference.

Continuous Deployment 162

Continuous Deployment Norway Lean Analytics 162

YoungUpstarts

MARCH 13, 2018

Not every entrepreneur is blessed with deep pockets or generous family members. If you’re self-confident enough to sell them on your vision, and said vision is actually worth selling, their largess may be all you need to get from whiteboarding to revenue. Are You Living Lean? That’s not necessarily a bad thing.

Balance Sheet 113

Balance Sheet Bootstrapping Dividend Entrepreneur 113

Duct Tape Marketing

FEBRUARY 10, 2022

Jason Blumer (01:29): Yeah, well we serve a community of them and they're, I was saying off, off hair, they're just as weird as normal entrepreneurs and need just as much care. I, you know, if it doesn't okay, you know, it doesn't work, but I'm gonna give somebody my life and my finances and, you know, trust is gonna be a big deal.

CPA 73

CPA Technical Review Revenue Forecast 73

Steve Blank

FEBRUARY 25, 2014

a language corporate innovation groups can use to communicate to business units and finance. The startups in our Lean LaunchPad classes and the NSF I-Corps incubator use LaunchPad Central to collect a continuous stream of data across all the teams. data that investors, accelerators and incubators can use to inform selection.

Incubator 310

Incubator Intellectual Property Startup Lean 310

Both Sides of the Table

JULY 16, 2010

Staying “lean&# is not an option. So angel and seed stage investors’ returns will be dependent on good times continuing or on the ability of their portfolio companies to get financed. I have never seen a fund that spends so much time building relationships with every other VC (in addition to many entrepreneurs.)

LP 311

LP Technical Review Early Stage Silicon Valley 311

Steve Blank

SEPTEMBER 14, 2009

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. While there was an occasional bad apple, the public markets rewarded companies with revenue growth and sustainable profits.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Startup Lessons Learned

DECEMBER 23, 2009

If you never have, you can create your own using Google Finance. They were accustomed to measuring their progress primarily by gross revenue compared to their targets. If you never have, you can create your own using Google Finance. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

Metrics 167

Metrics San Francisco Lean Continuous Deployment 167

Steve Blank

AUGUST 31, 2009

The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.) So what’s wrong the product development model?

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Startup Professionals Musings

JUNE 14, 2010

Women entrepreneurs are starting small businesses at approximately twice the national average for all startups. In most cases, the business questions asked and the answers given are essentially the same for all entrepreneurs, whether they be men or women. But according to a couple of articles I’ve seen recently by Peri Pakroo, J.D.,

Entrepreneur 223

Entrepreneur Lean Revenue Government 223

Up and Running

SEPTEMBER 19, 2018

If you simply want to map out the aspects of your business for internal use, you can consider a Lean Business Plan. Financial Summary: Explain your business model, startup costs, revenues, and liabilities to the company. Your financial plan helps you track your finances so you can accurately gauge your business’s performance.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Gust

DECEMBER 7, 2014

Eighty percent of new entrepreneurs use this approach, with only six percent using investor funding. The remaining entrepreneurs borrow from family and friends, or acquire a loan. If you chose the entrepreneur lifestyle to be your own boss, don’t accept money from anyone. Entrepreneurs need to start small and pivot quickly.

Bootstrapping 191

Bootstrapping Entrepreneur Startup Burn Rate 191

The Startup Magazine

JUNE 1, 2023

We’re hitting record revenue months, weeks, and margins. Don’t be afraid to pivot The collapse of SVB spurred us to do a deep evaluation of how we’re generating revenue and value for customers. So instead of throwing dollars and time at a revamp, we’re doubling down on what we already know is the best value and revenue generator.

Early Stage 110

Early Stage Los Angeles Silicon Valley Cofounder 110

Up and Running

SEPTEMBER 26, 2018

If you don’t have your personal spending under control and don’t know how to budget, it’s crucial that you educate yourself on personal finance and master the art of budgeting before you start a company. If you can’t handle your own finances, you’re not equipped to handle a company’s. Market research.

Elevator Pitch 242

Elevator Pitch Due Diligence Networking Venture Capital 242

The Startup Magazine

JULY 19, 2021

To help you reduce your outlays and maximise revenue , we’ve compiled a few practical tips in this article. You’ll be hard-pressed to find successful entrepreneurs who don’t know how to haggle. Apart from presenting them with the opportunity to profit from their passions, the financial rewards are more significant.

Startup 179

Startup Cost Operations Lean 179

Up and Running

JUNE 19, 2013

The New York Times profiles two successful tech start-ups— GoodData , which at its start raised more than $50 million in venture capital funding, and RJ Metrics, which held out with self-financing for as long as possible—that went after the same market at the same time, and contrasts their approaches to finance.

Venture Capital 70

Venture Capital Finance Lean New York 70