Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 235

Business Model Product Advisory Board Angel Investor 235

Steve Blank

MAY 19, 2015

I had lunch last week with Tom, the CEO of a startup that was quickly becoming a large company – last year’s revenue was $40M, this year likely to be $80M maybe even $100 million in ad revenue. to drive traffic to their site, which they then turned into ad revenue. Is that feasible? Lessons Learned.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Startup Professionals Musings

APRIL 15, 2011

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 234

Business Model Advisory Board Startup Angel Investor 234

The Startup Magazine

OCTOBER 25, 2017

The business models not only have to have the potential to scale, they also need to have demonstrated product acceptance, be post-revenue, be innovative within their space, and meet timing criteria for broad market acceptance. Wyncode has experienced a 473% growth in revenue since becoming an Endeavor company in 2014.

Miami 74

Miami Technical Review Software Review Advisory Board 74

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Steve Blank

AUGUST 27, 2012

Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. ” “A pivot is a substantive change to one or more of components to your business model. he’d declare. “We

Founder 323

Founder Cofounder Advisory Board Burn Rate 323

Up and Running

AUGUST 30, 2017

You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What is your business model? How will you grow?

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

Startup Professionals Musings

MAY 13, 2011

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Startup Professionals Musings

APRIL 5, 2010

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Proving the business model requires a different approach than proving the technical concept. So how do you go about proving the business model? Prove the technical concept.

Business Model 120

Business Model Advisory Board Angel Investor Channel 120

Startup Professionals Musings

AUGUST 13, 2012

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Steve Blank

JUNE 15, 2010

The role of a founding CEO in a startup searching for a business model is radically different than a CEO building and growing a company. Certain VC’s like the new class of Super-Angels and small VC funds specialize in the early stage of a startup where you are searching for a business model. Your potential business model?

Founder 232

Founder Vesting Later Stage Early Stage 232

Austin Startup

MAY 29, 2019

Yesterday I was having a discussion with one of our executives on the strength of network effects inherent in the data.world business model. This led to a far ranging strategic discussion that got us both really excited about the huge potential of our business. check out The Entrepreneur’s Essentials #1 on that front).

Networking 48

Networking Fractional CTO CTO Hire B2C 48

betashop.com

OCTOBER 8, 2012

But, you can iterate and iterate on features, but you cannot iterate your way to a business model. I’ve seen too many businesses get stuck or fail because of their endless pursuit for the magic new feature that is going to help them gain traction. Use them as a sounding board for corporate development issues.

Technical Review 108

Technical Review Technology Software Review Valuation 108

Startup Professionals Musings

APRIL 22, 2010

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Gust

AUGUST 5, 2012

Clearly define the customer, channel, and revenue model associated with this solution. Explain the business model. In this section, you need to be passionate about revenue, profit, and volume growth. Include Advisory Board members and key industry people connections. Industry & market sizing.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Startup Professionals Musings

JUNE 22, 2016

According to most experts , business traction is evidence that somebody really wants your product. It’s business momentum, independent of whether you have a product delivered, proven the business model, or significantly penetrated the opportunity. Build an inside advisory board of influencers and experts.

Metrics 143

Metrics Advisory Board Startup Lean 143

The Startup Magazine

MAY 28, 2019

They see it as a tool to drive their business instead of sharing their revenues with us.’. We’ve learned that our product solves a problem occurring in hundreds of cities in the world and scalability is key for us’ Overcoming tough App revenue challenges. Embargo has just started generating revenues from two streams.

Advisory Board 117

Advisory Board Angel Investor Startup Cofounder 117

Startup Professionals Musings

FEBRUARY 13, 2016

How does your business model make money? Good causes such as feeding the world’s hungry may help your marketing but may not sustain a business. The business model has to clearly define who is your customer, market penetration expected, how much customers pay versus total costs and the investment required to sustain cash flow.

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

The Startup Magazine

JUNE 19, 2018

We enjoy visionary leadership, dedicated engineers working on their life ambitions, exceptional operational leadership, the A list of advisory board members, highly skilled assembly technicians, and energetic marketing and product team members. We have been revenue positive since day one. What is your secret sauce? Our people!

Texas 104

Texas Advisory Board Startup Angel Investor 104

ReadWriteStart

JUNE 20, 2012

Moreover, they can be potential advisory board candidates. Use the Business Model Canvas as the Customer Discovery Scorecard. Often there’s a lack of a shared and clear understanding of the business model throughout the company. Build a Minimum Viable Product (MVP) First.

Customer 119

Customer Advisory Board Cofounder Engineer 119

Growthink Blog

JANUARY 16, 2012

I experienced this first hand at my company’s quarterly advisory board meeting this past week.

Advisory Board 76

Advisory Board Leadership Metrics Business Model 76

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” However the Customer Development Model and the Lean Startup work equally well for startups on the web.

Customer Development 228

Customer Development Web Developer Customer 228

Hearpreneur

OCTOBER 20, 2019

Often entrepreneurs and business owners create their daily, weekly, quartely or yearly goals around their business. It could be more revenue, hiring clients or launching a new product or service, where setting goals presents a fresh opportunity to achieve different objectives. Continuing that publishing company for other books.

Papua New Guinea 89

Papua New Guinea Hawaii Churn Rate Advisory Board 89

Duct Tape Marketing

NOVEMBER 11, 2021

But I like to think in terms of, unless you have an affiliate program where it makes sense for you to have some sort of recurring revenue, a affiliate program, then I really like to get creative with these. You will certainly be able to find something that appeals to your business and works for you. So it's essentially that.

Affiliate 101

Affiliate Advisory Board Networking Programming 101

YoungUpstarts

OCTOBER 22, 2012

And in an increasingly social and networked world — not to mention an economy where every dollar of revenue is critical — this type of third party validation is more important than ever. These may include references, referrals, testimonials, serving on advisory boards, and participating in your customer communities, he explains.

Programming 145

Programming Customer Social Media Advisory Board 145

Steve Blank

OCTOBER 8, 2024

Or if they have a disruptive technology or business model, they want to create a new capability or operating concept – even creating a new market. They have no intention of giving up revenue, profits and jobs. (In Set up committees and advisory boards to “study” the problem.

Government 296

Government Advisory Board Leadership Programming 296

YoungUpstarts

JUNE 7, 2017

by Patrick Henry, author of “ Plan Commit Win: 90 Days to Creating a Fundable Startup “ What makes one idea good, and another one bad, from a business perspective? In creating a successful business, it is important that you assess your business idea in terms of its ability to make money. 5) The Idea Refinement Test.

Advisory Board 138

Advisory Board Revenue Vertical Business Model 138

Steve Blank

FEBRUARY 12, 2015

We’re at 70 people, and we’ll do $40 million in revenue this year and should get to cash flow breakeven this quarter. ” In this first step, the goal of a startup is to search for a repeatable and scalable business model. If he already had an advisory board (formal and/or informal), add CEO’s who have been through this phase.

Startup 120

Startup Lean Venture Capital Advisory Board 120

Steve Blank

JUNE 22, 2009

Army Signal Corps advisory board, and the Army was going to acquire their first computer for research. We Changed Our Mind In 1966, 10 years after Hewlett’s memo, Hewlett Packard’s revenue and headcount had grown ten fold; $200 million and 11,000 employees – all from test and measurement equipment.

Silicon Valley 192

Silicon Valley RSS California Agile 192

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. Berkeley and NCIIA , Jerry Engel and I first offered the Lean LaunchPad Educators Class.

Delaware 306

Delaware Lean Entrepreneur Advisory Board 306

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. Berkeley and NCIIA , Jerry Engel and I first offered the Lean LaunchPad Educators Class.

Delaware 198

Delaware Lean Entrepreneur Advisory Board 198