Steve Blank

MARCH 12, 2014

Therefore we needed them to think and learn about two parts of a startup; 1) ideation - how to create new ideas and 2) customer development – how do they test the validity of their idea (is it the right product, customer, channel, pricing, etc.). The pace and uncertainty of the class picked up and never let up from that point.

Lean 335

Lean Customer Development Startup Silicon Valley 335

Startup Professionals Musings

OCTOBER 9, 2023

Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing.

Technical Review 220

Technical Review Advisory Board Software Review Business Model 220

Startup Professionals Musings

OCTOBER 30, 2020

Products that can be easily produced and sold via multiple channels, including the Internet, are more easily scaled world-wide. Minimize one-time sales in your business model. You need a stable customer base with an automatically renewing revenue stream, such as the subscription model.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

FEBRUARY 14, 2022

Nail the business model. Leverage your customer conversations to predict and validate your business model. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

TechEmpower

JULY 31, 2023

Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers? Look at different customer acquisition channels, how they are converting, and the expected lifetime value of customers acquired through those channels. Apply costs to each channel.

Metrics 260

Metrics Startup Retention Acquisition 260

Startup Professionals Musings

MAY 17, 2020

Even non-profits need a profitable business model to offset staff and operating costs. Assume passion level defines business opportunity. Entrepreneurs need to spend time working on the business, as well as in the business. Usually it pays to work in an industry for a while, before you try to fix it.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

Startup Professionals Musings

APRIL 14, 2021

They depend on their favorite social channels and peers on social media to make emotional decisions for them, rather than rely on any kind of “cost-benefit” analysis. I see this even extending into business-to-business. The objective of every business must be to do both for all to win.

Customer 432

Customer Social Media Dividend Technical Review 432

Steve Blank

JANUARY 22, 2014

Few entrepreneurs find this scalable and repeatable business model because it’s not easy. as a distribution channel have vastly reduced the amount of capital a startup needs at the early stage when the risk is greatest. The cloud , open-source development tools and web 2.0 The cloud , open-source development tools and web 2.0

Early Stage 295

Early Stage Silicon Valley Oregon Technical Review 295

Startup Professionals Musings

DECEMBER 20, 2012

Nail the business model. Leverage your customer conversations to predict and validate your business model. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Startup 296

Startup Angel Investor Technical Review Incubator 296

Startup Professionals Musings

JANUARY 18, 2014

Nail the business model. Leverage your customer conversations to predict and validate your business model. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Startup Professionals Musings

MAY 27, 2013

Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Providing shoes for the poor is a laudable goal, but quite a different business than Zappos , which sells clothes profitably, and provides free shoes for the needy due to social consciousness.

Startup 257

Startup Technical Review Angel Investor China 257

Startup Professionals Musings

AUGUST 24, 2014

Other elements of startup focus are a bit fuzzier, so let me zoom-in on some key ones here: Type of business model. Providing shoes for the poor is a laudable goal, but quite a different business than Zappos , which sells clothes profitably, and provides free shoes for the needy due to social consciousness.

Entrepreneur 257

Entrepreneur Technical Review Angel Investor China 257

Startup Professionals Musings

JUNE 12, 2022

Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. Many countries have learned to make products cheaper and better. Competitive advantages are rapidly vaporizing on these.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

Startup Professionals Musings

OCTOBER 11, 2023

Don’t hesitate to look for new business partners who can mitigate your constraints, including distributors, new channels, or even competitors with complementary products. Adopt alternative business models to address challenges. This also applies to key customers as well as strategic partners.

Technical Review 277

Technical Review Partner Matching Channel 277

Steve Blank

JANUARY 2, 2014

Part 6: Distribution channels in Life Sciences. It will “sell itself” A business is much more than just good science: it is about customers seeing value and being willing to pay and proper validation and reimbursement coding and … A successful business is the sum (and integration!)

Lean 250

Lean Algorithm Customer Development IP 250

Steve Blank

NOVEMBER 4, 2013

The instructor then presents a cohort specific lecture explaining how the business model for their area (therapeutics, diagnostics, devices and digital health) builds on and/or differs from the canonical business model in the online Udacity lectures (which the students had to watch as homework.). Lessons Learned.

Lean 266

Lean Customer Business Model Customer Development 266

Startup Professionals Musings

MAY 15, 2019

Nail the business model. Leverage your customer conversations to predict and validate your business model. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Startup 245

Startup Angel Investor Technical Review Incubator 245

Duct Tape Marketing

NOVEMBER 15, 2023

With over a decade of experience in his toolkit, he specializes in helping clients build out cross-channel acquisition systems using a mix of owned, earned and paid tactics. 07:17] What is you cross-channel acquisition strategy? [11:13] 20:58] Are there any overlooked channels or platforms worth exploring? This is John Jantsch.

Channel 92

Channel Acquisition Framework B2B 92

Steve Blank

MAY 9, 2017

When the product and channel are bits, adoption by 10’s and 100’s of millions and even billions of users can happen in years versus decades. Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.)

Restful 249

Restful Silicon Valley San Jose Puerto Rico 249

Startup Professionals Musings

JUNE 26, 2020

If possible, quantify these in non-technical business terms, such as dollars saved or replacement costs over time. Provide specifics on the customer business model. For example, rather than saying, “Competitor X has poor reliability,” use the positive approach to list your reliability features, compared to X.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

NOVEMBER 24, 2013

Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. Many countries have learned to make products cheaper and better. Competitive advantages are rapidly vaporizing on these.

Entrepreneur 263

Entrepreneur Offshore Merger Technical Review 263

Startup Professionals Musings

FEBRUARY 12, 2023

Even non-profits need a profitable business model to offset staff and operating costs. Assume passion level defines business opportunity. Entrepreneurs need to spend time working on the business, as well as in the business. Usually it pays to work in an industry for a while, before you try to fix it.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

Startup Professionals Musings

APRIL 11, 2022

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Key partners.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Steve Blank

OCTOBER 24, 2017

— all great things when you are executing and scaling a known business model. Because the new CEO had built a team capable of and comfortable with executing an existing business model, the company would fail or get acquired. Board Control. For three decades (1978-2008), investors controlled the board. The founders.

Founder 281

Founder Technical Review CTO Hire IPO 281

ReadWriteStart

JUNE 19, 2021

Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. IoT will also enable businesses to get a fresh pair of eyes to look into data to derive insightful business insights. .

Technical Review 215

Technical Review Software Review Cloud Vertical 215

The Startup Magazine

JANUARY 9, 2020

Doesn’t it seem to you that all the benefits of this business model are too good to be true? If you’re considering it for your business, check some of the most wide-spread pitfalls, as you should be ready to face some of them when delegating your activities abroad. #1 1 Failing to choose a proper business model.

Offshore 117

Offshore Software Developers Software Development Software Review 117

Startup Professionals Musings

OCTOBER 17, 2018

This can happen through early marketing, independent of whether you have yet delivered a single product, proven your business model, or have any real customers. Show validation data for business model key elements. Another term often mentioned is “momentum,” or growing visibility and advocacy within your customer set.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

Steve Blank

MAY 6, 2015

Learning could be about product features, customer needs, the right pricing and distribution channel, etc.) These hypotheses span the gamut from who’s the customer(s), to what’s the value proposition (product/service features), pricing, distribution channel, and demand creation (customer acquisition, activation, retention, etc.).

Lean 120

Lean Agile Business Model Customer Development 120

Startup Professionals Musings

SEPTEMBER 9, 2019

Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. Many countries have learned to make products cheaper and better. Competitive advantages are rapidly vaporizing on these.

Engineer 219

Engineer Entrepreneur Offshore Merger 219

Startup Professionals Musings

FEBRUARY 8, 2023

Now is the time to reach out to satisfied existing customers for repeat business, as it is less expensive to generate more revenue from your past customers than it is to land new ones. I recommend using digital channels, including email and social media, personalized, if possible, with promotions.

Technical Review 239

Technical Review Revenue Social Media Cost 239

ReadWriteStart

JULY 26, 2022

Obtaining a competitive advantage while improving consistency and quality ensures that the supply chain will soon embrace flexible business models and become more efficient. Each of these conditions then helps these companies find new and better clients while filling each business’s unique needs. Conclusion.

Germany 175

Germany San Jose Technical Review India 175

The Startup Magazine

DECEMBER 21, 2022

The internet is a great tool for business, transforming how companies interact with their customers and providing new channels to sell products, provide services, and make money. Unfortunately, the internet is also great for criminals looking to exploit businesses for their own gain. Date of birth. Physical address.

Software Review 167

Software Review Customer Technical Review Due Diligence 167

The Startup Magazine

OCTOBER 4, 2023

Insights from market research enable you to spot both strengths and weaknesses in your planned business model – helping you steer clear of pitfalls while maximizing opportunities. Developing a Business Plan The findings from your market research should form the backbone of your comprehensive business plan.

Balance Sheet 145

Balance Sheet Technical Review Business Model Business Plan 145

Startup Professionals Musings

MAY 12, 2017

Nail the business model. Leverage your customer conversations to predict and validate your business model. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Startup 161

Startup Angel Investor Technical Review Incubator 161

YoungUpstarts

MARCH 4, 2020

It will enable individuals to understand the travellers’ needs and expectations intimately which can result in new hospitality business models. Intermediation and re-intermediation of tourism channel partners such as Airbnb can happen too. There is a trend toward upskilling and higher education.

Singapore 165

Singapore Technical Review Artificial Inteligence Myanmar 165

VC Cafe

MARCH 16, 2025

Attractive Consumer Opportunities in 2025 and Beyond While there hasn’t been a blockbuster IPO for consumer tech companies (mobile apps, B2C model startups) that matches the scale of Uber, Airbnb, Roblox, DoorDash, or Unity over the past 5 years, it feels like the momentum for consumer tech is rapidly changing.

Technical Review 78

Technical Review B2C Generative AI IPO 78

VC Cafe

NOVEMBER 2, 2019

Benchmarks are typically specific to stage/business model/geo. In Rob Go’s words: For seed and Series A deals, investors will also need to see a high-potential team with founder/market fit , a large and attractive market opportunity , and a business model with increasing returns to scale.

B2C 141

B2C Technical Review Startup Retention 141