Startup Professionals Musings

JANUARY 18, 2014

Success demands testing the solution early and quickly in the market, then iterating to get it right. Nail the business model. Leverage your customer conversations to predict and validate your business model. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Steve Blank

APRIL 4, 2011

This week they were testing who the customer, user, payer for the product will be (and discovering if they have a multi-sided business model , one with both buyers and sellers.) Demand generation? The Business Model Canvas is a great way to diagram it out. If you can’t see the slides above, click here.

Customer 241

Customer Business Model Nebraska Cloud 241

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 5, 2014

Price is not an exercise in maximizing some micro-economic supply/demand curve, slapped post-facto onto the product. Rather, it fundamentally determines the nature of the product and the structure of the business that produces it. Even bootstrapped businesses can make this work (e.g. Again, like shared hosting companies.)

Bootstrapping 294

Bootstrapping Technical Review B2C Sales Cycle 294

Steve Blank

APRIL 1, 2020

But other businesses like law firms, contracting firms, real estate firms, will take hits, too. Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? Days 3 and 4: Prepare new business model and operating plan. The ripple effects won’t be obvious at first.

South Korea 334

South Korea Salary Business Model China 334

A Smart Bear: Startups and Marketing for Geeks

MARCH 21, 2017

Revenue multiples, profit multiples, premium over the previous financing — these are metrics used by sellers to help determine a minimum acceptable price. Even for startups, it takes years for a new product to become good enough to demand many millions of dollars in revenue.). Yet mobile advertising revenues were paltry.

Balance Sheet 242

Balance Sheet Vertical Acquisition Revenue 242

Startup Professionals Musings

MAY 15, 2019

Success demands testing the solution early and quickly in the market, then iterating to get it right. Nail the business model. Leverage your customer conversations to predict and validate your business model. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Startup 245

Startup Angel Investor Technical Review Incubator 245

Startup Professionals Musings

OCTOBER 6, 2018

Solution and business model innovation require pushing the limits. Self-demanding beats boss-demanding every time. A business model is not an after-thought. Passion and ego are no substitute for a business model that makes sense. Recurring revenue is the foundation for growth.

Technical Review 233

Technical Review Due Diligence Business Model Demand 233

YoungUpstarts

JANUARY 30, 2015

Google is focused on expanding its already broad reach into the advertising market by increasing the span and coverage of its digital and mobile platforms, and the company’s 4Q14 results highlight how the company’s efforts to buttress its core services is paying off: Google’s revenue and gross profit climbed 15.3% billion and generated $4.1

Advertising 100

Advertising Revenue Mobile Intellectual Property 100

Startup Professionals Musings

MAY 19, 2023

Solution and business model innovation require pushing the limits. Self-demanding beats boss-demanding every time. A business model is not an after-thought. Passion and ego are no substitute for a business model that makes sense. Recurring revenue is the foundation for growth.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

Steve Blank

APRIL 21, 2011

Their week 6 business model now looked like this: . Last week we challenged the team that unless they developed hardware which could tell the difference between a weed and a plant, their business model would be just another set of PowerPoint slides. The Week 6 Lecture: Revenue Model. All that we expected.

Channel 234

Channel Artificial Inteligence San Francisco Business Model 234

Both Sides of the Table

FEBRUARY 17, 2010

Apple wants to take a major share of the revenue. It’s taking time to finish the product because you’re super expensive iPhone developers (they’re in high demand) are not as good as you like (they’re super high in demand). iPhone is not a business model unless you’re Apple.

Flash 326

Flash Mobile Application Development Cloud 326

Steve Blank

NOVEMBER 13, 2012

By then, I had become a venture capitalist at Mitsui Sumitomo Insurance and found myself talking to a lot of entrepreneurs who were proclaiming their great technology yet were struggling with little revenue, and claiming they were “crossing the chasm”. Maysee now enjoys hockey stick revenue growth.

Japan 305

Japan Customer Development Developer Customer 305

ReadWriteStart

JULY 7, 2021

Various business models in an on-demand courier delivery app. Business to Consumer (B2C) – It is the most common type of business model. For example, manufacturing companies use On-demand courier delivery apps for kickstarting their production activities in their factories and plants.

Technical Review 163

Technical Review Artificial Inteligence Demand Social Media 163

YoungUpstarts

AUGUST 24, 2017

Subscription business models have been around for a pretty long time, but thanks to modern technology, this model has evolved from milk or newspapers delivery to a versatile eCommerce experience. As a starting entrepreneur, you might wonder: why on earth would I want to start a subscription (box) business? Conclusion.

Churn Rate 149

Churn Rate eCommerce Business Model Bootstrapping 149

Up and Running

MAY 16, 2014

Forbes reports an even more grim statistic , based on Bloomberg research, that of every 10 businesses, eight fail within the first 18 months. What are the reasons businesses fail to thrive, given a 50/50 chance of survival and assuming a product or service for which there’s a demand? Six Reasons Businesses Fail: .

Small Business 157

Small Business Leadership Demand Small Business Administration 157

Startup Professionals Musings

AUGUST 8, 2022

There is nothing wrong with a focus on making the current business model work better. Typical incentives give percentages of quarterly revenues and contribution as rewards for success. Avoid the macho concept that only top management can solve problems or address strategic challenges. Encourage an entrepreneurial culture.

Stock Options 277

Stock Options Incubator Framework Stock 277

Steve Blank

NOVEMBER 5, 2009

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Is there a profitable business model? The Traditional VC Pitch Entrepreneurs who pursue the traditional product development model don’t have customer data to answer these questions. Can it scale?”

Customer Development 270

Customer Development Developer Customer Silicon Valley 270

YoungUpstarts

AUGUST 30, 2011

93% of startups that scale prematurely never break the $100k revenue per month threshold. In the validation phase, where startups should be testing demand for a functional product, inconsistent startups are 2.2 No startup that scaled prematurely passed the 100,000 user mark.

Silicon Valley 189

Silicon Valley Software Review Startup Cofounder 189

Startup Professionals Musings

JUNE 26, 2013

Too many founders today face the conundrum that they need capital to get started, and even Angels defer until after you have your product built, business model proven, and a real revenue stream. These Angels typically don’t demand board seats, and are not as heavy-handed as VCs.

Angel Investor 231

Angel Investor Entrepreneur Early Stage Silicon Valley 231

ReadWriteStart

APRIL 26, 2021

How to Create an On-Demand Super App like Gojek? Here, we will look at the purpose of Super apps, application development, benefits, revenue model, and types of services you can offer through the app. The urge for multi-services app development among businesses sprouted from apps like Gojek, WeChat, etc.,

Demand 78

Demand Indonesia Revenue Audience 78

Steve Blank

APRIL 23, 2018

A version of this article appeared in the Harvard Business Review. The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Within each brand there were several models at different price points.

Michigan 301

Michigan Cofounder Stock Forecast 301

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. Customer relationships.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

YoungUpstarts

MARCH 27, 2019

Innovation not only impacts global economies and business models, but the quality of life of people. Innovation has changed the way people live, work and do business. Businesses can focus on two types of innovation: sustaining innovation and disruptive innovation. And they have the resources to win.

Technical Review 127

Technical Review Business Model Non-Compete Software Review 127

Startup Professionals Musings

NOVEMBER 6, 2019

There is nothing wrong with a focus on making the current business model work better. Typical incentives give percentages of quarterly revenues and contribution as rewards for success. Avoid the macho concept that only top management can solve problems, or address strategic challenges. Encourage an entrepreneurial culture.

Stock Options 236

Stock Options Incubator Framework Stock 236

Startup Professionals Musings

MAY 12, 2017

Success demands testing the solution early and quickly in the market, then iterating to get it right. Nail the business model. Leverage your customer conversations to predict and validate your business model. Don’t forget a viable financial model of costs, margins, customer acquisition, and break-even.

Startup 161

Startup Angel Investor Technical Review Incubator 161

YoungUpstarts

AUGUST 14, 2015

by Jack Narcotta, Devices Analyst at Technology Business Research. Lenovo’s modest overall revenue growth in calendar 2Q15 – 3.1% year-to-year revenue growth in calendar 3Q15 to $10.9 year-to-year to $10.7 Additionally, lower profits in PCs – operating profit fell 7.8% year-to-year to $7.3 and Europe. and Europe.

Revenue 100

Revenue Technical Review Lean Mobile 100

VC Cafe

MARCH 1, 2024

Eliminating middlemen in healthcare – from using AI to automate repetitive human jobs to exploring new and better business models for providing care. Digital Wallets – Digital wallets could grow select vertical software platforms’ revenues to $27-$50bn in 2030. trillion by 2030.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Up and Running

MAY 10, 2021

With the spread of the pandemic of 2020, certain apps have become extremely popular like video conferencing apps, on-demand service apps, etc. . We witness an increase in demand for IoT gadgets and systems which, naturally, will result in the increase of IoT apps. What has your revenue been for the last 1-3 years? 1-2 months?

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

The Startup Magazine

OCTOBER 26, 2021

There are so many businesses around us, and to stay in the game, you need to think of ways to improve your small business revenue. It’s important to remember that every small business needs a different approach. Here are 8 straightforward ways to help you improve your small business. Follow industry best practices.

Small Business 169

Small Business Mobile Revenue Social Media 169

Steve Blank

MAY 6, 2015

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.). customer relationships to create demand. revenue streams generated by the value proposition(s).

Lean 120

Lean Agile Business Model Customer Development 120

Startup Professionals Musings

SEPTEMBER 11, 2017

Most just don’t enjoy all the challenges of communicating to analysts, placating demanding stockholders, and keeping up with legal reporting requirement. As best, you should reserve this option for later stage VC discussions, once you have a well-proven business model, large market following, and substantial revenue.

IPO 218

IPO SEC Prospectus Technical Review 218

Startup Professionals Musings

AUGUST 31, 2019

Most just don’t enjoy all the challenges of communicating to analysts, placating demanding stockholders, and keeping up with legal reporting requirement. As best, you should reserve this option for later stage VC discussions, once you have a well-proven business model, large market following, and substantial revenue.

IPO 210

IPO SEC Prospectus Startup 210

YoungUpstarts

DECEMBER 21, 2020

No surprise during an economic crisis, over 81% of business owners are prioritizing cash flow management and are identifying ways to cut back spending and increase sales, namely by moving services online. Diversifying revenue streams (35%). The survey found the top activities are: Increasing marketing efforts (41%). Pivot, then Repeat.

Small Business 147

Small Business Cofounder United States Technical Review 147

ReadWriteStart

JANUARY 26, 2021

Economic systems rely on supply and demand. With a startup, you may be supplying a product or service, but if there is no demand for it, it’s not going to sell. If you run out of capital prematurely, the business can’t sustain itself—no matter how good the business model is. No Real Business Model.

Startup 180

Startup Angel Investor Business Model Demand 180

Both Sides of the Table

MARCH 25, 2016

It turns out that to build a successful company you ultimately need this strange thing called “revenue” that people don’t just hand you: You need to earn it. And there’s this other thing called “gross margin,” which shows the quality of your revenue. How much ad revenue does TripAdvisor make?

Startup 150

Startup Seed Money DC Software Review 150

YoungUpstarts

APRIL 19, 2012

Between 2005 and 2007, Starbucks aggressively opened new store locations and made several operational changes that diluted its customer value proposition, diluted its high employee engagement culture, violated its real estate site selection controls, and weakened its high value-added ‘experience’ business model.

Dilution 209

Dilution Virginia Management Washington 209

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