Startup Professionals Musings

MAY 22, 2010

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. A great business often starts with one person, but it doesn’t end there. Get a real customer and real revenue. It doesn’t prove your business model of pricing, distribution, and support.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

YoungUpstarts

JULY 17, 2013

I grew the business that I currently lead as CEO from a start-up to more than 60 million dollars in revenue in less than six years. My simple process has worked to spur growth and revenue for every business I have headed. Can a competitor’s product name be easily substituted for my company’s brand?

Georgia 238

Georgia Atlanta Sales Cycle Business Model 238

Startup Professionals Musings

NOVEMBER 4, 2011

If the founders are not experienced, find a couple of advisors from the business sector to fill the gap. Get your Internet domain name and website. Reserve the company name on social networks to protect it. Like the business plan, a financial model is required as much for your own use as to impress angel investors.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Steve Blank

SEPTEMBER 14, 2009

Five Quarters of Profitability During the 1980’s and through the mid 1990’s startups going public had to do something that most companies today never heard of – they had to show a track record of increasing revenue and consistent profitability. There was now a public market for companies with no revenue, no profit and big claims.

Silicon Valley 237

Silicon Valley IPO Technical Review Venture Capital 237

Startup Professionals Musings

SEPTEMBER 23, 2010

If the founders are not experienced, find a couple of advisors from the business sector to fill the gap. Get your Internet domain name and website. Reserve the company name on social networks to protect it. Like the business plan, a financial model is required as much for your own use as to impress angel investors.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Steve Blank

MAY 9, 2017

I lived through the time when working in my first job in Ann Arbor Michigan we had to get out a map to find out that San Jose was not only in Puerto Rico but there was a city with that same name in California. What we’ve learned is that while companies execute business models, startups search for a business model.

Restful 249

Restful Silicon Valley San Jose Puerto Rico 249

Duct Tape Marketing

SEPTEMBER 26, 2024

You could choose our system to move from vendor to trusted advisor, attract only ideal clients, and confidently present your strategies to build monthly recurring revenue. I was so worried about the last name that I've messed up. I was so worried about the last name that I've messed up. It's time to transform your approach.

Software Review 80

Software Review Security Distribution IP 80

Duct Tape Marketing

JANUARY 4, 2024

Our deep dive into the world of email newsletters unveils tactical strategies for transforming subscribers into revenue-generating assets. Key Takeaways: Russell Henneberry provides the tactical strategies to transform subscribers into revenue. Then you can add that, start adding in that advertising revenue.

Revenue 96

Revenue Advertising Email ChatGPT 96

Both Sides of the Table

JANUARY 4, 2014

It either needed to get more aggressive in pricing, pivot to a new business or business model or raise more capital (and take the dilution) in order to have more time to figure things out. He felt the CEO was willing to “sell his soul” for revenue and wanted things to be more pure.

Founder 340

Founder Cofounder Sacramento Technical Review 340

YoungUpstarts

NOVEMBER 25, 2014

This is especially the case for SMBs without the cachet and powerful name recognition of the Amazons, Nordstroms, Macy’s and the like. While it’s true that at no other time are customers in as much of a shopping mood, SMBs cannot afford to sit back and follow a “Field of Dreams” business model.

Customer 176

Customer Social Media eCommerce Campaign 176

YoungUpstarts

NOVEMBER 4, 2020

Doing so also closed their doors to a source of revenue they relied heavily on to keep their business alive and operating. Through this economic turmoil some businesses have collapsed and others have flourished. The company has been named to Inc 5000’s Fastest Growing Companies in America in 2018 and again in 2019.

Technical Review 279

Technical Review United States eCommerce Due Diligence 279

Up and Running

JULY 22, 2014

A profit and loss statement is essentially an explanation of how your business made a profit (or incurred a loss) over a certain period of time. It’s a table that lists all of your revenue streams and all of your expenses—typically for a three-month period—and lists at the very bottom the total amount of net profit or loss.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

YoungUpstarts

JUNE 4, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 127

Framework Architecture Cleveland Early Stage 127

YoungUpstarts

OCTOBER 19, 2017

The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. This subtle difference has been key to the success of companies like Groupon, Dropbox and Intuit to name a few. The objective of a start-up is to discover a business model that works.

Product Development 153

Product Development Lean Developer Product 153

ReadWriteStart

JANUARY 25, 2020

On the topic of ecommerce, one wonders to what extent this business model is applicable, and where is it likely to end? It’s the extent of this phenomenon that has resulted in soaring businesses across the world. For most online vendors, this new revenue model was a significant change in the way brands set advertising campaigns.

eCommerce 152

eCommerce Technical Review Social Media Analytics 152

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. The level of customization required by the business firm. It would need to display its brand name, color theme, and logo. .

Technical Review 163

Technical Review Artificial Inteligence Demand Social Media 163

Startup Lessons Learned

MAY 9, 2012

In this excerpt from The Lean Entrepreneur , by using fishing as an analogy, Brant and Patrick reveal how market segmentation influences your business model and why “For Whom” is as important as “What” to build. Market segments drive your business model. The Lean Entrepreneur will be published by Wiley this Fall.

Entrepreneur 167

Entrepreneur Lean Southern California San Diego 167

Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. 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

YoungUpstarts

MARCH 5, 2013

Written by Michael Gerber – “The World’s #1 Small Business Guru” – its key takeaways are beautifully presented in the form of a compelling narrative involving the author and a small business owner named Sarah. In Gerber’s eyes, three distinct personalities exist in each small business.

Technical Review 140

Technical Review Small Business Revenue Matching 140

YoungUpstarts

MAY 24, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 113

Framework Architecture Cleveland Early Stage 113

Startup Professionals Musings

JANUARY 29, 2011

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 246

Business Model Distribution Viral Green 246

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%).

Small Business 147

Small Business Cofounder United States Technical Review 147

Startup Professionals Musings

MAY 29, 2012

For survival, the objective of every business should be to bring in revenues which exceed their costs. Yet I continue to see business plans, or even talk to founders, and can’t find the specifics of the business model anywhere. Try to relate your business model to one that’s already successful and understood.

Business Model 238

Business Model eCommerce Business Plan Revenue 238

Startup Professionals Musings

MAY 14, 2012

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. I support her assertion that a business model consists of at least the first seven of the following ten basic elements: Value proposition.

Business Model 242

Business Model Distribution Viral Green 242

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

Customer 167

Customer San Francisco Lean Hockey Stick 167

View from Seed

JANUARY 24, 2018

Here is who will be joining the NextView Operator Guilds (for full bios, click the link in their name): Product Guild. For this reason, we’ve partnered with Guild members who have experience across different kinds of customers, business models, and distribution channels. Sara Wajnberg, SVP of Product at Oscar.

Operations 176

Operations Cofounder Technical Review Angel Investor 176

Steve Blank

MARCH 16, 2016

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.). For example, in your industry do companies build value the old fashion way by generating revenue? If so, how is the revenue measured? FDA approvals?

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Private Equity 120

YoungUpstarts

OCTOBER 10, 2012

When 3M brought “lead users” into its innovation process, they improved revenues by a factor of eight times over innovations from internal product developers. Often companies think their Rock Star customers are the biggest spenders, or the most loyal customers, or perhaps the marquee names or brands. Not necessarily.

Customer 154

Customer Fractional CTO Canada Technical Review 154

Steve Blank

DECEMBER 17, 2015

In exchange, the startups provide companies with their disruptive ideas, technologies and business models. Therefore, the profile of the initial team to staff an Innovation Outpost should be a technology-savvy business development group. Google just named the organization’s leader. Who will lead this new effort?

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

The Next Web

NOVEMBER 28, 2013

Therefore, De Correspondent aims for its authors to report on themes that transcend classic beats: themes like energy, privacy, or the economy of the future, to name a few. De Correspondent is a commercial, for-profit enterprise, but our business model focuses on selling content to readers, rather than selling readers to advertisers.

Netherlands 158

Netherlands Campaign Europe Advertising 158

ReadWriteStart

MAY 5, 2011

In addition, I asked him to do a competitive analysis on the pricing models of the various mobile app platforms and come back to me with both sets of market data, namely, customer research and competitive analysis. We can derive GeoInvenio's business model and pricing model based on that.

Costa Rica 115

Costa Rica Incubator Silicon Valley India 115

The Next Web

SEPTEMBER 22, 2013

We should have slowed down just a tad to plan a few steps further out when naming things. Dribbble is what I like to call a “boot up,” or “organic startup” – a company that lives and breathes on revenue. […] For us, getting cash flowing in sooner than later was critical to give us resources to respond to the site’s rapid growth.

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

Startup Professionals Musings

NOVEMBER 27, 2015

Big-bang hard launches make sense for large enterprises like Apple or Microsoft, who are building on existing revenue streams and have the resources for lavish events, Superbowl ads and large inventory buildups. Small real revenue today is better than large later projections. Partners and distribution channels will take you seriously.

Hockey Stick 120

Hockey Stick Startup Stealth Agile 120

Up and Running

DECEMBER 18, 2017

Many merchants and businesses have moved away from the traditional pay-for-product pricing models and begun to implement subscription-based pricing. The business model implies predictable monthly revenues and consistently excellent service for clients—but it’s not without its risks.

Software Review 103

Software Review Artificial Inteligence Retention Technical Review 103

Up and Running

AUGUST 24, 2020

Here are just a few things you can do by leveraging data analytics: Gain a better understanding of changing customer preferences Discover new business opportunities Identify and eliminate bottlenecks in your operations Minimize and better allocate advertising costs Provide greater customer support through automated chat. Cybersecurity.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

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

YoungUpstarts

AUGUST 3, 2017

You’re doing 20 things at once trying to keep your business going. With everything it takes to get your business off the ground, or maintain it, keeping track of cybersecurity can be tough. Thanks to cloud computing and SaaS/PaaS business models, cybersecurity is much more accessible to small and medium businesses (SMBs).

LLC 150

LLC Technical Review Analytics Security 150