Steve Blank

FEBRUARY 23, 2013

First, he says, the focus of an established firm is to execute an existing business model — to make sure it operates efficiently and satisfies customers. In contrast, the main job of a start-up is to search for a workable business model, to find the right match between customer needs and what the company can profitably offer.

Business Model 226

Business Model Business Plan Technical Review Search 226

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

Steve Blank

OCTOBER 15, 2020

We built up a system to produce a certain type of military power at a time when that whole business model is being disrupted and undermined — much as Blockbuster Video’s business model was undermined by Netflix and Apple. Disruptive Technology.

Technical Review 399

Technical Review Artificial Inteligence Technology United States 399

Steve Blank

NOVEMBER 16, 2009

They’re putting money into web services/business – most without early revenue. It’s an impressive portfolio. By the time the meeting was over I left wondering whether the Customer Development model would help or hinder their companies. What we concluded is that the Customer Development model needs an additional overlay.

Customer Development 228

Customer Development Web Developer Customer 228

Steve Blank

SEPTEMBER 5, 2018

These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash. Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios.

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

APRIL 1, 2020

Remember, a year from now no one wants to be the CEO of a company out of business whose lament is, “I did what the board told me to do.”. This plan has three parts: Pivots to your new business model, changes to your operating plan, and what initiatives you save for the recovery. What does your board suggest?

South Korea 334

South Korea Salary Business Model China 334

SoCal CTO

JUNE 9, 2010

The Yin and Yang of Product and Engineering - A VC : Venture Capital and Technology , May 22, 2010 For a tech company, product and engineering are the heart and soul of the business. " In fact, 3 of the 10 selected companies from the past two years has followed this business model. marketplace is born.

Fractional CTO 248

Fractional CTO Startup Venture Capital Cofounder 248

Startup Professionals Musings

AUGUST 2, 2019

Define and document the portfolio of initiatives to deliver on your strategic objectives and fulfill your production and skill requirements. Scale up your portfolio of initiatives, monitor progress and dynamically pivot as your plans are implemented. Architect: Build an actionable plan and acquire delivery resources.

Technical Review 226

Technical Review Leadership Portfolio Matching 226

Startup Professionals Musings

JUNE 2, 2013

The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. Here are the top five, as outlined by Rice in his book, which match my own experience: Management team.

Angel Investor 269

Angel Investor Cram Down Intellectual Property Venture Capital 269

Startup Professionals Musings

NOVEMBER 14, 2010

Unfortunately, we read far more poorly written business plans at Main Street than good ones. Entrepreneurs tend to write business plans that are difficult to read, heavy on technology, and give little thought to the business model and commercialization strategy. Participation.

Intellectual Property 265

Intellectual Property Balance Sheet Phoenix Arizona 265

Startup Lessons Learned

DECEMBER 14, 2017

LESSON #1: Equip your business with a portfolio map and a 21st century org chart. With industries from banking to transportation being transformed and, in some instances, undermined by new business models and technology, executives are smart to wonder, “Are we next?”

Lean 245

Lean Startup CTO Hire Cofounder 245

Startup Professionals Musings

JUNE 26, 2013

VCs are finding that they don’t need the “large” funds of $100M to $500M to support a portfolio, if they focus on early-stage startups. 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.

Angel Investor 231

Angel Investor Entrepreneur Early Stage Silicon Valley 231

Version One Ventures

FEBRUARY 11, 2020

And with “age” often come sub-optimal products, tech debt, inflexible business models, etc. This has been the key success factor for our portfolio company Ada who builds automation-first chat bots that are now used by companies like Telus, Coinbase, Upwork and AirAsia.

Technical Review 150

Technical Review Vertical Software Review Bootstrapping 150

The Startup Magazine

FEBRUARY 26, 2024

By investing in more established companies, venture capitalists can stabilize their portfolios, ensuring a smoother ride toward profitability. Balancing the Portfolio: The Dual Strategy in Action How do venture capitalists navigate this complex landscape? However, managing such a portfolio is no small feat.

Venture Capital 148

Venture Capital Technical Review Due Diligence Early Stage 148

Both Sides of the Table

MAY 23, 2012

It’s also worth noting as data would suggest from this SVB venture funding report, lower costs to build tech & operate businesses implies the possibility of lower loss ratios in portfolios. It will take some time to prove out this hypothesis, but the data above suggests it may be the case. Bottom of the sales funnel.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Steve Blank

DECEMBER 17, 2015

These partnerships may take the form of Proof of Concept projects with startups, getting to know VC firms and their portfolios, and familiarizing themselves with university groups doing research in the established strategic problems. (It In exchange, the startups provide companies with their disruptive ideas, technologies and business models.

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Startup Professionals Musings

SEPTEMBER 9, 2010

VCs are finding that they don’t need the “large” funds of $100M to $500M to support a portfolio, if they focus on early-stage startups. 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.

Technical Review 215

Technical Review Early Stage Venture Capital Startup 215

View from Seed

JANUARY 24, 2018

When we create new platform initiatives, our team tries to think about how we can be the most impactful with our portfolio companies. Today, we’re thrilled to announce a new program that we hope will help our portfolio companies with two of these bullets. Building a great product. We want to talk to you!

Operations 176

Operations Cofounder Technical Review Angel Investor 176

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. They do this by either being Rent Seekers and/or by Regulatory Capture. Bill Gurley’s point.)

Washington 319

Washington Government Marketing Silicon Valley 319

SoCal CTO

JULY 13, 2010

They start with an innovation, search for a repeatable business model, build the infrastructure for a company, then grow by efficiently executing the model. Six Slides - A VC : Venture Capital and Technology , June 23, 2010 The CEO of one of our portfolio companies is working on a fundraising deck and asked me for some tips.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

View from Seed

FEBRUARY 24, 2021

Dear Brightly (a NextView portfolio company) provides a telemedicine-powered ecommerce experience for prescription-grade retinoids so consumers no longer need to take time off work to go see a dermatologist for 10 minutes just to obtain a prescription for the serum.

Vertical 156

Vertical Software Review Portfolio Demand 156

The Startup Magazine

OCTOBER 4, 2023

Insights from market research enable you to spot both strengths and weaknesses in your planned business model – helping you steer clear of pitfalls while maximizing opportunities. Developing a Business Plan The findings from your market research should form the backbone of your comprehensive business plan.

Balance Sheet 145

Balance Sheet Technical Review Business Model Business Plan 145

Both Sides of the Table

NOVEMBER 22, 2009

Our portfolio company did so well that Google copied this approach and out executed Overture. Rejecting new business models for pushing boundaries does not encourage innovation. John Batelle profiles this well in his book The Search. It was still a great financial result for us but we clearly didn’t become Google.

Advertising 277

Advertising Technical Review Affiliate SEM 277

YoungUpstarts

MAY 28, 2014

On the other hand, businesses have challenges they face on a regular basis due to changing industry needs and other regulations. Focus on solving those problems and then it’s gravy if you can spin the business model to get their end customers involved. Most importantly, they have funds and large budgets to fix those problems.

Security 200

Security Incubator Technical Review Bootstrapping 200

Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. It may just be that the message of building companies that have predictable revenue and profit models hasn’t percolated through the VC business model.

Silicon Valley 237

Silicon Valley IPO Technical Review Venture Capital 237

Startup Professionals Musings

APRIL 21, 2012

Portfolio pricing. This model is relevant only if you have multiple products and services, each with a different cost and utility. Here your objective is to make money with the portfolio, some with high markups and some with low, depending on competition, lock-in, value delivered, and loyal customers.

Business Model 282

Business Model Revenue Portfolio Differentiation 282

ReadWriteStart

JUNE 1, 2020

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

View from Seed

MAY 24, 2021

You have a point of view on emerging technology and business models, and you are not afraid to voice your conviction. You have unbounded curiosity for emerging trends, a love for experimentation, and you’re always eager to dive into new products and technologies before others do. You will be based in the NYC office. About NextView.

Technical Review 120

Technical Review Software Review Seed Stage Cofounder 120

The Startup Magazine

APRIL 1, 2018

How do you pitch your business in a way that makes you stand out from the rest? Before meeting with a venture capitalist, you must have a clearly defined business model and a functioning team in place. Is the business generating cash? Here are 3 useful tips. Do Your Homework. Is it a lifestyle product?

Startup 117

Startup Portfolio Software Review Technical Review 117

Both Sides of the Table

MARCH 6, 2010

If I’m interested I get to spend more time with them, if I’m not I don’t have to – A few companies per month come in that have fascinating business ideas that warrant my spending more time trying to understand their people, company, technology and market. But we obviously choose this side of the table.

Technical Review 312

Technical Review Due Diligence Spain Warrant 312

VC Cafe

SEPTEMBER 2, 2022

Market size Team Traction Competition – be honest and knowledgeable about your competitive landscape Business model/ financials The Ask – how much are you raising? Most of these can sound like common sense, but you’d be surprised how many founders skip this initial research.

Technical Review 166

Technical Review Early Stage Cofounder Portfolio 166

View from Seed

AUGUST 17, 2021

A few weeks ago, we hosted a small dinner for a number of portfolio company founders, LP’s, and friends of the firm. This is the implied rate of return of a fund based on the value (mostly unrealized) of a portfolio. Part of the reason to do this was just to reconnect after a long time apart.

IRR 205

IRR Dilution Founder Portfolio 205

David Teten

JULY 14, 2014

However, as always in a period of change, innovative business models emerge and financial technology is more and more at play as critical enablement of innovation. Katina Stefanova : There are a number of business models that have already taken place or are at the tipping point.

Management 114

Management Portfolio Institutional Investors Government 114

The Startup Magazine

MAY 7, 2020

So, this is the ideal type of business model that most entrepreneurs find appealing. If you want to launch a successful forex trading business , then you need to understand forex trading in detail first. Entrepreneurs are able to structure and scale their business model and optimise the level of market exposure.

Technical Review 111

Technical Review Business Model Portfolio Finance 111

Steve Blank

SEPTEMBER 26, 2018

Google has been investing in a broad healthcare portfolio, Amazon has been investing in pharmacy distribution and Apple…? The other interesting observation: Unlike other medical device companies, Apple’s current Watch business model is not dependent on getting insurers to pay for the watch.

China 67

China Technical Review Software Review Algorithm 67

Startup Lessons Learned

JANUARY 10, 2011

It rarely occurs to either party that the founders could be busy inventing the next disruptive product, but doing so in a non-disruptive way. As a result, many of these companies get caught by surprise when their optimization activities hit a plateau and competitors who have a true portfolio approach race past them.

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

YoungUpstarts

JANUARY 27, 2015

by Jack Narcotta, Devices Analyst at Technology Business Research. Jack Narcotta, Devices Analyst Technology Business Research , is responsible for reporting on vendors such as Acer, Apple, Asus, Fujitsu, Google, HP, Lenovo, Microsoft, Samsung, Sony and Toshiba. Professionalisms Jack Narcotta Microsoft technology trends'

Cloud 100

Cloud Mobile Software Review Technical Review 100