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Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current businessmodel (channel, cost, customers, products, supply chain, etc.) A unicorn is a startup with a market capitalization north of a billion dollars. The founders. VCs have now ceded more control to founders.
When you take money from investors their businessmodel becomes yours. Sigh… What I should have been hearing is the search for the businessmodel, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. When I asked, “What are you working on?” What’s a Startup?
When you take money from investors their businessmodel becomes yours. Sigh… What I should have been hearing is the search for the businessmodel, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. When I asked, “What are you working on?” What’s a Startup?
Errol Arkilic was the lead program director for the National Science Foundation I-Corps , which uses my Lean LaunchPad curriculum to teach scientists and engineers how to take their technology out of the lab and into the marketplace. The Lean LaunchPad class. But nothing else like [The Lean LaunchPad class] was being taught. .
Lack of seedcapital (home equity lines of credit, friends/family) is a major problem. (Is The new reality of entrepreneurship will bring new opportunities and businessmodels for entrepreneurs and society. Few Businesses Sprout, With Even Fewer Jobs – WSJ.com.
How to stay lean and iterate quickly while you’re building a two sided marketplace, especially when “network effect” and “critical mass” are the two main focuses? Initially we had a different businessmodel (an entire venue, track design, sleds, etc for $1 million+) which made it hard to sell.
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