Steve Blank

MAY 9, 2017

The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. We now have specific management tools to grow startups.

Restful 249

Restful Silicon Valley San Jose Puerto Rico 249

Steve Blank

DECEMBER 17, 2015

In our last post, we addressed the six key questions that senior management should address to determine if an Innovation Outpost makes sense for a company. These priorities have been identified by earlier planning work at the senior management level. Startups, entrepreneurs, and management teams. see the previous post.).

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

YoungUpstarts

SEPTEMBER 12, 2012

You take that money and invest a good portion of it in traditional sales and marketing efforts — including product developers, creative people, and salespeople, all of whom are paid to figure out what buyers want and to say good things about your company — in a quest to get even more customers. In return, the customers pay you money.

Customer 168

Customer Social Media Retention Canada 168

Startup Lessons Learned

SEPTEMBER 15, 2008

The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

The Startup Magazine

JUNE 17, 2021

Big data is a prominent subject for many businesses around the world, and for those of you who operate entirely online enterprises, studying statistics and numbers is perhaps even more important, and, can be convenient using online business education. Being a Better Leader. Reducing Your Overheads. Is it Worth it?

Analytics 179

Analytics Technical Review Social Media Software Review 179

YoungUpstarts

OCTOBER 10, 2012

If so, the business world is full of specialists who are all too eager to help. Talented product developers. When 3M brought “lead users” into its innovation process, they improved revenues by a factor of eight times over innovations from internal product developers. Highly trained salespeople.

Customer 154

Customer Fractional CTO Canada Technical Review 154

Startup Professionals Musings

MARCH 11, 2010

Starting a business is a lot like starting a marriage. Product development is stuck at that 90% mark, a key person leaves, and customers are talking but not buying. Besides, he is now more interested in designing the next product. The product is behind schedule. But all too soon, reality sets in.

Software Development 122

Software Development Software Developers Business Model Design 122

Startup Lessons Learned

JULY 29, 2009

Startups especially can benefit by using technical debt to experiment, invest in process, and increase their product development leverage. The biggest source of waste in new product development is building something that nobody wants. Leverage product development with open source and third parties.

Technical Review 168

Technical Review Software Review San Francisco Lean 168

The Startup Magazine

AUGUST 11, 2023

It is necessary to cover the early stages of product development, thorough market research, and other processes during the initial step. Seed capital is a component of the initial investments made in young businesses. During the pre-seed fundraising stage, investors need a viable business plan to base their investments on.

Seed Stage 148

Seed Stage Technical Review Early Stage Due Diligence 148

Steve Blank

MARCH 15, 2011

By now the nine teams in our Stanford Lean LaunchPad Class were formed, In the four days between team formation and this class session we tasked them to: Write down their initial hypotheses for the 9 components of their company’s business model (who are the customers? what’s the product? what distribution channel?

Business Model 239

Business Model Nebraska Peru Germany 239

Steve Blank

JUNE 25, 2009

Twenty eight years ago I was the bright, young, eager product marketing manager called out to the field to support sales by explaining the technical details of Convergent Technologies products to potential customers. So their management teams were insisting that they OEM (buy from someone else) these products.

Technology 146

Technology Silicon Valley Fractional VPE Part-Time VPE 146

YoungUpstarts

FEBRUARY 21, 2019

The cost of running a business today can be financially exhausting for companies that range from the simplest startups to the most well-established corporations. To create a sustainable business model, owners and manager now must consider how their business processes and infrastructure can save money instead of draining their budgets.

Cloud 113

Cloud eCommerce Security Advertising 113

Steve Blank

NOVEMBER 18, 2010

For decades startups were managed by pretending the company would follow a predictable path (revenue plan, scale, etc.) As we described in previous posts , startups fail on the day they’re founded if they are organized and managed like they are a small version of a large company. that make up a business model.

Burn Rate 253

Burn Rate Management Business Model Customer Development 253

Startup Lessons Learned

APRIL 14, 2009

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) In fact, this company hasn’t shipped any new products in months.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Up and Running

MAY 13, 2015

I had the pleasure of co-hosting a free Bplans webinar with Lara Galloway, a business coach and time management expert. In the webinar, Lara offered some excellent time management tips and productivity hacks. Lara is an author, speaker, business coach, and the host of the popular Mom Biz Solutions Show podcast.

Management 60

Management Product Video Fractional CTO 60

Steve Blank

SEPTEMBER 1, 2021

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. Do they have better sales, marketing, or product development groups? You think startups are hard? The short answer is no.

Incubator 420

Incubator Lean Agile Business Model 420

Startup Lessons Learned

OCTOBER 6, 2008

Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile product development , low-cost (fast to market) platforms , and rapid-iteration customer development. I think Drucker said it best.

San Francisco 128

San Francisco Lean Continuous Deployment Agile 128

Steve Blank

NOVEMBER 21, 2015

These specialist companies were still small local businesses. Ownership and management were one and the same – the owners managed, and there were no salaried middle managers or administrators. and to develop professional managers and management hierarchies to run them.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

Startup Lessons Learned

DECEMBER 14, 2009

Lessons Learned by Eric Ries Monday, December 14, 2009 Business ecology and the four customer currencies Lately, I’ve been rethinking the concept of “business model&# for startups, in favor of something I call “business ecology.&# Constructing a working business model is a form of ecosystem design.

Customer 156

Customer San Francisco Viral Lean 156

Steve Blank

JANUARY 21, 2010

Management in the Transition. The good news is this team found a business model, product/market fit and a repeatable sales model. What lies ahead, however, is a different set of challenges: finding the new set of mainstream customers on the other side of the chasm and managing the sales growth curve.

Agile 120

Agile Development Team Review Leadership Merger 120

Hearpreneur

SEPTEMBER 22, 2021

Tesla Tesla invented a successful business model for bringing compelling electric cars to the market. Tesla has always put a huge emphasis on product development and technological advancement. It is also one of my most admired companies. The reason for its success is due to not holding ‘compromises’ as an option.

Technical Review 139

Technical Review Entrepreneur Software Review SEO 139

Steve Blank

MARCH 16, 2016

But startups require money upfront for product development and later to scale. For the first few years, your VCs want you to keep your head down, build the product, find product/market fit and ship to get to some inflection point (revenue, users, etc.). But there’s only one reason your company got funded. ——-.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Private Equity 120

Hearpreneur

OCTOBER 10, 2023

2- Yes, to build a customer-centric business model Photo Credit: David Brewer We based and built it around the idea that our industry could, and should do better and that was the model that we were going to implement that idea as our core objective. Thanks to Evan Tunis, Florida Healthcare Insurance ! #2-

Business Plan 143

Business Plan Jordan Entrepreneur Florida 143

Startup Lessons Learned

JUNE 5, 2009

Imagine a general manager that has read The Innovator’s Dilemma and related books, and is therefore trying hard to help her organization make a transition to a new product category via disruptive innovation. Still, this manager is going to spend the company’s money, and needs to be held accountable. So far, so good.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Hearpreneur

APRIL 13, 2022

Moreover, I like inspiring myself with interesting online business models and Wikipedia is a great example of a user-generated content-based website. It led the way to a new kind of business model and changed the game. And he is not afraid to take bold bets on new technologies and business models.

Artificial Inteligence 77

Artificial Inteligence Entrepreneur Technical Review Andorra 77

VC Cafe

DECEMBER 28, 2010

. “Juniper is excited to acquire one of the industry’s leading virtualization security vendors and the extremely talented team that built it,&# – Mark Bauhaus, executive vice president and general manager, Juniper Networks. RUSNANO ESTABLISHES RUSSIAN-ISRAELI NANOTECH FUND.

Israel 87

Israel Technical Review South Korea Mexico 87

betashop.com

OCTOBER 8, 2012

I firmly believe that in this age where the product development life-cycle is so short and user feedback comes so quickly, you will know within a year whether you are focusing on a worthwhile one thing. But, you can iterate and iterate on features, but you cannot iterate your way to a business model. My pace is fast.

Technical Review 108

Technical Review Technology Software Review Valuation 108

Startup Lessons Learned

MAY 7, 2009

Initially, IMVU sought to quickly build a product that would prove out the soundness of their ideas and test the validity of their business model. Either way, it had to be a real bug and it had to be fixed live, in production. Amazing lean startup resources Is Entrepreneurship a Management Science?

San Francisco 131

San Francisco Continuous Deployment Software Review Lean 131

David Teten

APRIL 1, 2021

Once you have assembled the right core team, I recommend prioritizing as follows: First, meet with your portfolio company management. Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in product development.

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Software By Rob

AUGUST 5, 2010

The knowledge that you need 10,000 hours to master a subject, that certain trends become viral after the 412th person adopts it, or that you should make your product remarkable, is not going to help you launch. Nor will it save you a single minute during product development, or sell one more copy of your application.

Founder 78

Founder Startup Software Review Software 78

Startup Professionals Musings

MAY 4, 2014

Here are eight key business tasks that relate to almost every startup, generally prioritized by criticality. Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

Steve Blank

SEPTEMBER 17, 2009

This post describes a solution – the Customer Development Model. In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development.

Customer Development 256

Customer Development Developer Customer Silicon Valley 256

Startup Professionals Musings

SEPTEMBER 7, 2011

Here are eight key business tasks that relate to almost every startup, generally prioritized by criticality. Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

Startup Professionals Musings

AUGUST 1, 2010

Here are eight key business tasks that relate to almost every startup, generally prioritized by criticality. Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

Startup Professionals Musings

DECEMBER 26, 2018

Starting a new business in an industry you know nothing about is fraught with risk. Experience managing projects, people, and finances is as important as deep technical product development skills. Every new business is a roller-coaster ride of ups and downs, which are accentuated by your own highs and lows.

Entrepreneur 260

Entrepreneur Business Model Finance Product Development 260

Startup Lessons Learned

MAY 27, 2009

The Lean Startup is a practical approach for creating and managing a new breed of company that excels in low-cost experimentation, rapid iteration, and true customer insight. It uses principles of agile software development, open source and web 2.0, It uses principles of agile software development, open source and web 2.0,

Lean 60

Lean Austin San Francisco Startup 60

Startup Professionals Musings

JANUARY 31, 2013

Here are eight key business tasks that relate to almost every startup, generally prioritized by criticality. Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230