Remove Burn Rate Remove Customer Development Remove Software Review
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Customer Development for Web Startups

Steve Blank

Customer Development is a technique startups use to quickly iterate and test each part of their business model. How you execute Customer Development varies, depending on your type of business. In my book, “ The Four Steps to the Epiphany ” I use enterprise software as the business model example.

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Are Business Plans Still Necessary?

Both Sides of the Table

That died with waterfall software development. Do you really want to spent $100k building a product to discover through Customer Development that the market is too small? Ditto for enterprise software companies. It’s “lifetime value&# of a customer. Each quarter you should review your model.

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The Secret History of Silicon Valley Part V: Happy 100th Birthday.

Steve Blank

Berkeley Haas Business School was courageous enough to give me a forum teach the Customer Development Methodology. Most of the ability to create a radio industry in the 1920s was due to the accident of ionospheric radio propagation. But in fact, most startups need to keep their burn rate low more [.] to do that.

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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

His most recent company, Filtrbox, participated in the inaugural Techstars class (Techstars Boulder 2007) and was a win for all parties involved; Filtrbox was acquired in 2010 by Jive Software (NASDAQ: JIVE). For the first the months, the team meets often and strategizes on what they want to build while some code gets written.

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Lessons Learned: Cash is not king

Startup Lessons Learned

The full formula works like this: runway = cash on hand / burn rate # iterations = runway / speed of each iteration Very few successful companies ended up in the same exact business that the founders thought theyd be in (see Founders at Work for dozens of examples). What counts as an iteration? Were talking PayPal -sized variations.

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Lessons Learned: Achieving a failure

Startup Lessons Learned

Without conscious process design, product development teams turn lines of code written into momentum in a certain direction. This is why agility is such a prized quality in product development. Worse was the large staff in departments appropriate to a mainstream-scale product, especially in customer service and QA.