Steve Blank

NOVEMBER 2, 2021

INTERACTIVE CHART “ Average Cost of Hard Drive Storage per Gigabyte 1980-2014” Human Progress. Our guest speaker for our fourth class was John Hurley , former Member of the President’s Intelligence Advisory Board, an expert on semiconductors and supply chains, and former Captain, U.S. Lee Bell, “ What is Moore’s Law?

Technical Review 407

Technical Review Taiwan Technology Silicon Valley 407

YoungUpstarts

JULY 5, 2011

It was during this time, while working with artists, Koutonin thought about a solution that would allow them to focus on cultural and artistic expressions instead of the stresses and high cost of marketing and promotion. He adds that, aside from event organizers, the service is also useful for startups and the non-profit sector.

Togo 222

Togo Africa Advisory Board Campaign 222

Startup Professionals Musings

FEBRUARY 29, 2020

Investors want board seats and a vote on key decisions. But I suggest that a small advisory board with the right people might give you better guidance (no near-term financial bias), and you can always choose to ignore it if your insights are strong. Pre-defined milestones and deadlines in an uncertain world.

Bootstrapping 310

Bootstrapping Advisory Board Startup Venture Capital 310

Startup Professionals Musings

OCTOBER 9, 2023

Estimate your costs, including a 50 percent gross margin, as a lower bound on a price. Here again is your chance to make pivots for almost no cost. A small advisory board of outside people with experience in your domain can give you the unbiased feedback you need, as well as connections for setting up distribution and sales channels.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

SEPTEMBER 30, 2013

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity Fractional CTO 281

Startup Professionals Musings

AUGUST 31, 2012

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress.

Intellectual Property 260

Intellectual Property Sweat Equity Fractional CTO CTO Hire 260

Startup Professionals Musings

JUNE 17, 2011

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress.

Intellectual Property 253

Intellectual Property Sweat Equity Fractional CTO CTO Hire 253

Startup Professionals Musings

MAY 22, 2010

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress.

Intellectual Property 222

Intellectual Property Sweat Equity Fractional CTO CTO Hire 222

Startup Professionals Musings

OCTOBER 17, 2018

Assemble a credible inside advisory board and partners. These would include cost of customer acquisition, cost of leads, sales channel, cost of goods, and pricing strategy. Relationships with recognized and influential bloggers, relevant media, and industry analysts are priceless.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

SoCal CTO

MARCH 4, 2010

Other labels: Consultant – Take bits and pieces, possibly coach Advisor / Advisory Board Member – Often a periodic responsibility and some ad hoc activities. So, you can easily get sold that there’s little to no Gap. see When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication?

Technical Review 170

Technical Review Fractional CTO Technology CTO Hire 170

YoungUpstarts

JANUARY 2, 2013

He also served on the advisory boards of several technology companies and currently sits on the Scientific Advisory Board for the Data Storage Institute of the Government of Singapore. People aren’t managing copies and that’s what’s taking up a lot of costs.

Advisory Board 150

Advisory Board Technical Review Singapore Startup 150

Startup Professionals Musings

FEBRUARY 7, 2015

Estimate your costs, including a 50 percent gross margin, as a lower bound on a price. Here again is your chance to make pivots for almost no cost. A small advisory board of outside people with experience in your domain can give you the unbiased feedback you need, as well as connections for setting up distribution and sales channels.

Business Model 120

Business Model Technical Review Advisory Board Software Review 120

YoungUpstarts

SEPTEMBER 15, 2015

Executives interested in advisory roles often want the experience, intellectual stimulation, and opportunity to put advisory work on their resume as much as they want the compensation. Learn more about ExecRank and how they help companies of all sizes find board members and advisors at no cost.

CTO Hire 100

CTO Hire Fractional CTO Small Business Hiring 100

Steve Blank

OCTOBER 11, 2016

They didn’t always keep their angel investors informed about the changes they were making and it nearly cost them: We followed every test and experimental process from the get-go but we didn’t tell our investors we were doing that. How could I build a solution that would address those points? If you can’t hear the clip, click here.

Columbus 249

Columbus Entrepreneur Cofounder Ohio 249

Startup Professionals Musings

MAY 3, 2017

Many entrepreneurs I know are confused by definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. As an alternative, every CEO needs an Advisory Board to help them grow, which they can ignore or fire at their pleasure.

Advisory Board 174

Advisory Board IPO Angel Investor Acquisition 174

Steve Blank

NOVEMBER 30, 2022

But having been in the middle of this conversation when I served on one of the Defense Department’s advisory boards, I understand why the Pentagon can’t count. With audit costs approaching a billion dollars a year the Pentagon had an opportunity to lead in modernizing auditing. Let’s Invent the Future of Audit.

Advisory Board 376

Advisory Board Artificial Inteligence SBIR Government 376

SoCal CTO

OCTOBER 5, 2010

Advisory Board. At the time, customers were seeking low-cost, functional cars, and were satisfied by an extremely standardized product (Ford famously quipped that “customers can choose it in any color, as long as it’s black&# ). He was having too much fun at Sun and turned me down.). Carpe Diem. What Does a CEO Do, Anyway?

Technology 191

Technology Product San Francisco CTO Hire 191

Startup Professionals Musings

FEBRUARY 6, 2022

Many entrepreneurs I know are confused by the definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. How much are you willing to spend on your board? Legally, Directors are accountable for corporate conduct.

Advisory Board 348

Advisory Board IPO Angel Investor Acquisition 348

David Teten

JANUARY 10, 2012

Mr. Parekh serves on various advisory boards of start-up internet companies. Cost: $15/Members of HBS Angels of NY and/or HBS Club of NY; $40/Non-members & Guests. He got his MBA at the University of North Carolina at Chapel Hill in 1982, and BSc at Auburn University in 1980. He joined Goldman Sachs & Co.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Startup Professionals Musings

JUNE 8, 2016

Investors want board seats and a vote on key decisions. But I suggest that a small advisory board with the right people might give you better guidance (no near-term financial bias), and you can always choose to ignore it if your insights are strong. Pre-defined milestones and deadlines in an uncertain world.

Bootstrapping 120

Bootstrapping Advisory Board Startup Venture Capital 120

Steve Blank

NOVEMBER 16, 2009

Your best bet is probably taking an existing market and serving a portion of it better than the competition, through lower cost or a different set of features. Don’t spend time and money on getting the word out about your product beyond what you need to do discovery and validation. End of theory.&# As for #3. I agree completely.

Customer Development 228

Customer Development Web Developer Customer 228

A Smart Bear: Startups and Marketing for Geeks

SEPTEMBER 4, 2012

The one thing that you might be able to do is outsource the development costs of it. It might be Dallas, or Toronto in Canada, or Florida or Boston, where each of the companies are and we’d become each other’s sort of sounding boards and advisory boards for a day; and we’d take turns going around the table.

Cofounder 199

Cofounder Technical Review Chicago Technical Cofounder 199

Steve Blank

JUNE 1, 2021

Lorenz began a long description of the details of the bacteria, his founders’ research papers on bacteria, the scientific advisory board bacteria experts they had assembled, how the bacteria was made at scale in fluidized bed reactors, etc… This went on for at least ten more minutes. What was the current cost of low carbon concrete ?

Product 433

Product Advisory Board Green Customer 433

Startup Professionals Musings

MAY 8, 2019

Image via Flickr by MDGovpics Many entrepreneurs I know are confused by definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. How much are you willing to spend on your board?

Advisory Board 247

Advisory Board IPO Angel Investor Startup 247

Startup Lessons Learned

FEBRUARY 9, 2009

The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. If youre interested in being part of my "customer advisory board" for this presentation, please get in touch. I would love to be on your advisory board.

Lean 68

Lean San Francisco Web Advisory Board 68

Startup Professionals Musings

AUGUST 7, 2021

In her classic book “ Corporate Concinnity in the Boardroom ,” board expert Nancy Falls outlines the most common mistakes with boards, and I believe several of these apply to startups as well as to more mature companies as follows: Have too many or too few board members. Less than three is not a board. Size does matter.

Advisory Board 362

Advisory Board IPO Government Acquisition 362

Startup Lessons Learned

OCTOBER 5, 2009

Or, if it really was prevented, what was the opportunity cost of choosing to prevent it ahead of time? And in most situations, there is significant cost involved in negotiating over the right estimates to plug in. How much will it cost to solve this problem now? They are usually among the most heated arguments a company has.

San Francisco 133

San Francisco Architecture Lean Continuous Deployment 133

thebarefootvc

AUGUST 13, 2013

The larger companies claimed that the cost of replacement and integration was not worth any savings that the enterprise could potentially realize, and that the risk of deploying with a startup was too high for mission critical functions. Or at least get some of them on your advisory board.

Advisory Board 70

Advisory Board Cloud Venture Capital Vertical 70

Up and Running

AUGUST 30, 2017

Another thing to watch out for with monthly rent is all the added costs. so keep these all in mind when calculating the costs. What are the details of your ownership structure, board of directors, investor list, partners, and so on? Projected costs. Construction cost. Staff appreciation day costs.

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

BeyondVC

JANUARY 3, 2019

We are purpose-built to not only invest pre-product but also to help accelerate your path to product-market fit with our decades of entrepreneurial and investing experience along with our active CXO advisory board. AWS Reinvent Survivor Dinner with founders, Fortune 500 execs, and VCs.

Advisory Board 79

Advisory Board Stealth Cloud Virginia 79

Berkonomics

DECEMBER 14, 2017

Have you ever thought of creating an advisory board? Usually, you would want to create an advisory board to fill in the critical areas of need not evidenced in the board of directors or within the company itself. How many advisors should you seek for a board? How do you pay an advisory board?

Advisory Board 97

Advisory Board Dilution Vesting Stock 97

BeyondVC

JANUARY 3, 2019

We are purpose-built to not only invest pre-product but also to help accelerate your path to product-market fit with our decades of entrepreneurial and investing experience along with our active CXO advisory board. AWS Reinvent Survivor Dinner with founders, Fortune 500 execs, andVCs 9.

Advisory Board 78

Advisory Board Stealth Cloud Virginia 78

Startup Lessons Learned

JULY 29, 2009

Although it costs to pay down the principal, we gain by reduced interest payments in the future. In addition, third-party services and API’s enabled us to do more with less, but at a cost: taking on the technical debt of products and teams outside our direct control. For example, how fault tolerant should it be?

Technical Review 168

Technical Review Software Review San Francisco Lean 168

Startup Professionals Musings

JULY 28, 2017

In the heat of scaling the business, it’s tempting to skip the cost and time of finding qualified job candidates, and enlist those close at hand, without paying them a competitive wage for the hard work and commitment you need. Things cost more than you expect, and cash-flow problems often are not recoverable.

Cost 180

Cost Advisory Board Entrepreneur Angel Investor 180

Duct Tape Marketing

JUNE 7, 2023

We've moved from trying to make call centers a cost center to make it more of a revenue generation engine, right? My ask would be the next time you do or say something on behalf of the customer, like I've got a customer advisory board. Do you have an employee advisory board? Tiffani Bova (05:06): Well, yeah.

Employee 90

Employee Technical Review Advisory Board Sales 90

Up and Running

MAY 20, 2014

Would I say that all of this has been worth the sticker price of ~$200k, plus the opportunity cost? That calculation needs to take into account personal financials, opportunity cost, and expected future salary.

Entrepreneur 88

Entrepreneur Advisory Board Silicon Valley New York 88

Hearpreneur

DECEMBER 12, 2021

We have a handful of trusted mentors we utilize sort of like an advisory board. I find that, even as the mentor, I learn a lot from those I am mentoring, turning me into a better professional. . Thanks to Jeremy Yamaguchi, Lawn Love ! . #14- 14- Prevents costly mistakes. Photo Credit: Ryne Lambert. 15- Hones skills .

Entrepreneur 127

Entrepreneur Technical Review Advisory Board Leadership 127