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If you’ve been reading my book on CustomerDevelopment and follow my work on Market Type , this type of innovation is best for adding new products to existing markets. In fact the people a large firm needs for this kind of innovation looks suspiciously like startup founders and the processes needed look like CustomerDevelopment.
For the next four or five years, technology M&A boomed, growing from 50 in 2003 to 450 in 2006. With Wall Street leery of technology companies, tech IPOs were a receding memory, and mergers and acquisitions became the only path to liquidity for startups and their investors.
I know that this all seems obvious now with the movements started by Steven Blank ( Four Steps of Epiphany ) with the whole CustomerDevelopment processes / Lean Startup movements also popularized by people like Eric Ries. This was 2006 and we were now working on our second company. Back then it seemed foreign.
Similarly, 24% of all the patents filed in the US in 2006 had a foreign resident as inventor or co-inventor. Similarly, 24% of all the patents filed in the US in 2006 had a foreign resident as inventor or co-inventor. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Expo SF (May.
For those who don’t know, I wrote the book Open Innovation in 2003, and followed it with Open Business Models in 2006, and Open Services Innovation in 2011. In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. First, let me recap a key insight for me from Steve’s post.
But then the Lean Startup’s scientific method of validating their business idea quickly has them feeling right at home. in Structural Engineering from Stanford University in 2006. Today he teaches his students at Notre Dame how to use Lean Startup principles. Filed under: CustomerDevelopment , SiriusXM Radio Show.
Certainly using techniques such as customerdevelopment (www.custdev.com) and lean startup (minimum viable product) can help go a long way to giving the tech co-founder some early payback in terms of whether there will be any traction in the idea and reduce their inital involvment to get to prototype stage. Expository (1).
But then the Lean Startup’s scientific method of validating their business idea quickly has them feeling right at home. in Structural Engineering from Stanford University in 2006. Today he teaches his students at Notre Dame how to use Lean Startup principles. Filed under: CustomerDevelopment , SiriusXM Radio Show.
In 2006, as a new employee of the Fortune 100 provider of wireless technology and services, San Diego’s Qualcomm , I volunteered to salvage a fledging idea management system (fancy term for an online suggestion box) by turning into a comprehensive corporate entrepreneurship program. Part 1 outlining the program is here. The origin.
Education Guideline Book (1st Edition) Sep 2006 View SlideShare document or Upload your own. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? The Lean Startup Intensive is tomorrow at Web 2.0. Amazing lean startup resources Is Entrepreneurship a Management Science?
In 2006, as a new employee of the Fortune 100 provider of wireless technology and services, San Diego’s Qualcomm , I volunteered to salvage a fledging idea management system (fancy term for an online suggestion box) by turning into a comprehensive corporate entrepreneurship program. Part 1 outlining the program is here. The origin.
I remember going to an Under the Radar conference in 2006 in the heat of the Web 2.0 The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. There were tons of young entrepreneurs showing their latest Web 2.0
When we launched Traindom, we knew nothing about lean startup methodology or customerdevelopment. I haven’t had a job since 2006. If you’re up against powerful competitors, make sure you have a better product (or have some key advantages). Execution is everything, and knowing what to do matters.
Everything Seth said is absolutely spot on, except I’d encourage founders to make sure they do some customerdevelopment (even in the consumer space) in parallel to cranking out the first product. Seth Sternberg, MBA Class of 2006, blogging about how to do a startup, on TechCrunch. He’s the business guy; the [.]
I agree that listening and communicating is a key to success, but customerdevelopment can only do so much. It seems to me you still don't listen or care for your customers, you release a client that had the old UI summarily disabled with no thoughts on how the new one would function solo. Expo SF (May. . Expo SF (May.
The “official” date is June 9 th , 2006 — for those that are curious about such things). should have leaned on them a lot more, but I didn't, or at least not in the right ways. The Phantom Sales Forecast – Failing at Customer Validation - Steve Blank , July 22, 2010 Startup CEO’s can’t delegate sales and expect it to happen.
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