Both Sides of the Table

FEBRUARY 7, 2013

I’m super excited to announce that GRP Partners led the investment in Ethan Anderson’s new company MyTime (link has LA-based merchants but will give you a good feel for the product). Let me not bury the lede. When Ethan was considering leaving Google we talked about it. The company was called Red Beacon.

Southern California 359

Southern California San Francisco CTO Hire SEM 359

Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

Lean 307

Lean Business Model Customer Development Guinea 307

View from Seed

APRIL 14, 2020

But the risk to founders is that these investors may not be very committed partners and might quickly disengage if things go sideways. Business Models and Sectors. I think the level of signaling risk from series A VCs doing seeds will be higher in a FOLD world. In a FOLD world, this is going to continue.

Early Stage 374

Early Stage Software Review Technical Review Due Diligence 374

Startup Professionals Musings

OCTOBER 30, 2020

Get support from credible industry groups and partners. 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. Every new business has unexpected pivots and adjustments, and outsourcing is easier to manage.

Merger 386

Merger Software Review Acquisition Social Media 386

Startup Professionals Musings

OCTOBER 11, 2023

People respond to positives, such as new growth, versus problems implying costs and loss of customers. In every business, trust is the foundation of great teamwork, especially in dealing with constraints and challenges. This also applies to key customers as well as strategic partners.

Technical Review 277

Technical Review Partner Matching Channel 277

Steve Blank

AUGUST 21, 2013

What we found is that during the class almost all of them pivoted - making substantive changes to one or more of their business model canvas components. In the real world a big pivot in life sciences far down the road of development is a very bad sign due to huge sunk costs.

SBIR 321

SBIR Technical Review Lean Startup 321

TechEmpower

JULY 31, 2023

One way to approach that last question is to use this simple model: Customer Acquisition Cost (CAC) How will your business reach prospects? And how much will it cost to win them? Customer Lifetime Value (CLV) How much money will your business generate from each converted customer? Apply costs to each channel.

Metrics 260

Metrics Startup Retention Acquisition 260

Steve Blank

JUNE 27, 2017

Initially, a startup has no business model and no market share to defend. If they select a business model that targets industry incumbents, they don’t have to worry about upsetting existing customers, partners or distribution channels. Its employees and investors don’t depend on an existing revenue stream.

Startup 306

Startup New York City Valuation Distribution 306

Steve Blank

SEPTEMBER 5, 2018

Since NewTV won’t be making the content, they will be licensing from and partnering with traditional entertainment producers. NewTV will depend on partners like telcos to distribute the content. Will consumers want to watch short-form mobile entertainment? Will these third parties produce something people will watch? The result?

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

JANUARY 13, 2020

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Even business plan has strengths and weaknesses, and the best entrepreneurs are able to recognize the difference.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Startup Professionals Musings

FEBRUARY 8, 2020

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Find a strategic partner to accelerate growth. Build your business with minimum outside funding. Risk is more manageable with subscriptions and even freemium pricing.

Management 322

Management Entrepreneur Forecast Stock Options 322

Both Sides of the Table

DECEMBER 6, 2013

Nobody wants to leave their loved ones in a cold, impersonal dog kennel not to mention the costs of doing so. Their business model was to help young companies accelerate their launch by helping assemble a team, do initial marketing, provide seed capital and help them raise financing. “Oh s**t.” What to do?

San Diego 344

San Diego Technical Review Seed Capital Sacramento 344

Startup Professionals Musings

SEPTEMBER 30, 2013

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. It doesn’t prove your business model of pricing, distribution, and support. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

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. Assemble a credible inside advisory board and partners. Investors and potential partners measure your credibility by the quality of your advisors and peer partners.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

Startup Professionals Musings

NOVEMBER 2, 2022

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Find a strategic partner to accelerate growth. Build your business with minimum outside funding. Risk is more manageable with subscriptions and even freemium pricing.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

OCTOBER 15, 2022

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Even business plan has strengths and weaknesses, and the best entrepreneurs are able to recognize the difference.

Intellectual Property 278

Intellectual Property Angel Investor Early Stage Venture Capital 278

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 5, 2014

” How many times have you heard someone agree that “it would be great if someone did X,” but when show them someone did do X, but it costs $39.99, they don’t buy? Your product is designed with natural tripwires to trigger other pricing ( Freemium model ), or not (business model left as an exercise to your future self).

Bootstrapping 294

Bootstrapping Technical Review B2C Sales Cycle 294

Steve Blank

MARCH 31, 2014

The first will be commodity businesses that are valued for their ability to execute their current business model. The second class will be firms with a demonstrated ability to continually innovate and reinvent their business models. These innovations do not require change in a company’s existing business model.

Private Equity 330

Private Equity Metrics China Intellectual Property 330

Startup Professionals Musings

DECEMBER 6, 2014

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Even business plan has strengths and weaknesses, and the best entrepreneurs are able to recognize the difference.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

Startup Professionals Musings

AUGUST 31, 2012

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. It doesn’t prove your business model of pricing, distribution, and support. Forcing yourself to write down a plan is actually the only way to make sure you actually have a plan.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

AUGUST 27, 2014

Implement a modern real business model. Even non-profits need revenue to cover their costs, and continue to provide services. Find a strategic partner to accelerate growth. Build your business with minimum outside funding. Risk is more manageable with subscriptions and even freemium pricing.

Startup 283

Startup Forecast Stock Options Technical Review 283

Steve Blank

NOVEMBER 13, 2012

After three years of evangelizing, I am very pleased to see success cases emerging in Japan by following Customer Development Model. For example, Maysee , a business card cloud services startup, got out of the building and then developed an MVP, avoiding costly UI development that customers in fact found no need for.

Japan 305

Japan Customer Development Developer Customer 305

Startup Professionals Musings

FEBRUARY 8, 2023

Most business professionals I know have been conditioned to think of inflation as highly negative, driving up their costs, and reducing customer buying. I see it as an opportunity to find new ways to attract customers , make long-needed changes to improve productivity, and lower your own costs of doing business.

Technical Review 239

Technical Review Revenue Social Media Cost 239

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 partners.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

JUNE 26, 2013

Technology costs are plummeting, meaning you can do more with less. Twenty years ago, it cost $5 million to really launch a high-tech startup, when the same thing can be done today for $500 thousand. Being “lifecycle investment partners” has a downside. They can plant more seeds, and place less dependency on the big win.

Angel Investor 231

Angel Investor Entrepreneur Early Stage Silicon Valley 231

Startup Professionals Musings

JANUARY 6, 2023

Even adding money won’t do it – you need to create a committed and engaged team and partners for marketing and sales, as well as production and distribution. Choose a business model that will win in the market. Selling below cost doesn’t do it, nor does giving it away free, and hoping to make it up in volume.

Technical Review 201

Technical Review Government Agile Differentiation 201

The Startup Magazine

FEBRUARY 2, 2021

Minimizing costs against aggressive timelines is the financial goal of the most successful labs in preclinical academic research. This reduced focus on reaching clinical phase results and low clinical trial success, yields a significantly elevated cost. The new model emphasized business structure and capitalization.

Technical Review 155

Technical Review Syria Developer United States 155

Steve Blank

NOVEMBER 7, 2023

Rent seekers are individuals or organizations with successful existing business models who use government regulation and lawsuits to keep out new entrants that might threaten their business models. You and your board need to be in sync about the costs and risks of getting into a street fight entering these markets.

Washington 319

Washington Government Marketing Silicon Valley 319

Both Sides of the Table

JUNE 22, 2011

Those with strong business models suddenly stand out when the tide goes out. When your competition does irrational things to grow fueled by low-cost capital it makes it harder for you to compete by playing by the conventional rules. So at GRP Partners we’re very active now.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

YoungUpstarts

DECEMBER 2, 2019

In fact, remote work is on the rise – especially in the form of virtual assistants – and it’s one of the primary reasons why more small businesses are opting to outsource work. companies have increased their use of outsourcing, which is primarily done for cost-cutting reasons, followed by the ability to focus on their core business.

Technical Review 147

Technical Review Due Diligence Technical Support Bootstrapping 147

View from Seed

SEPTEMBER 12, 2017

But while that particular model has seen success, it certainly won’t be the only way that companies will be able to create greater personalization and serendipitous discovery for their customers. Reinventing Retail. Owning High Shares of Customer’s Wallet.

Internet 209

Internet eCommerce Bankruptcy Technical Review 209

Hearpreneur

DECEMBER 20, 2020

It is, without any doubt, a top-notch business to start in 2021. In 2021, I’ll launch The Expat Partner Coach LLC to empower expat partners to live purposeful and positive lives abroad. Thanks to Linda Mueller, The Expat Partner Coach LLC ! #5- People want more life per square foot not cost. 4- Coaching.

Kentucky 134

Kentucky Louisville Entrepreneur Technical Review 134

The Startup Magazine

JUNE 17, 2021

Further education courses are usually home to a wonderful mix of individuals from countless different cultures and nationalities, and as you will probably be aware off if you own a business, networking is essential. This is partly down to the great number of resources that institutes of higher learning will often possess. Is it Worth it?

Analytics 179

Analytics Technical Review Social Media Software Review 179

Steve Blank

MAY 6, 2015

Luckily Alexander Osterwalder’s business model canvas presents a visual overview of the nine components of a business on one page. activities necessary to implement the business model. partners 3 rd parties needed to make the activities possible. cost structure resulting from the business model.

Lean 120

Lean Agile Business Model Customer Development 120

Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Revenue model.

Business Model 256

Business Model Distribution Viral Green 256

VC Cafe

FEBRUARY 21, 2023

Year over year conversion trends according to Hubspot ( source ) Unlike 2021, when money was cheap and plentiful, the mantra for startups is no longer blitzscaling and growth at all costs. In this post, we’ll take a closer look at the benchmarks on conversion, retention and churn for the key business models.

Retention 109

Retention Conversion Churn Rate B2C 109

The Startup Magazine

MAY 31, 2022

Freed received the first scholarship created from a sustainable-business model by the collaboration of EALgreen, WW Grainger, Inc. In 2021, EAL helped corporate partners keep 5,056 mt of products out of landfills. This action can create inefficiencies and add cost. As an immigrant student from Argentina, Ms.

Founder 155

Founder Argentina Chicago Switzerland 155