Steve Blank

JUNE 14, 2017

Companies with business models built around internal combustion engines disrupted those built around horses. Today, the technology necessary (affordable batteries with sufficient range) for them to be a viable business have all just come together. changing a business model is extremely difficult.

Valuation 295

Valuation Business Model Software Engineering Engineer 295

Steve Blank

OCTOBER 24, 2017

Technology cycles have become a treadmill, and for startups to survive they need to be on a continuous innovation cycle. — all great things when you are executing and scaling a known business model. And there they would watch the canonical model in action as an experienced executive replaced the founder.

Founder 281

Founder Technical Review CTO Hire IPO 281

View from Seed

APRIL 6, 2021

You have 4-6 years of professional experience as a technology operator, founder, or investor in New York. 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.

Technical Review 317

Technical Review Software Review Seed Stage Cofounder 317

Hearpreneur

APRIL 9, 2023

It’s becoming increasingly important for every business to have at least basic technology to run daily operations in the current day society. With new technology emerging, we can only imagine the changes it will bring along to the business platform. Thanks to Andy Flynn, SpryLyfe ! #3- Thanks to James Angel, DYL ! #5-

Technical Review 126

Technical Review Artificial Inteligence Technology Entrepreneur 126

Startup Professionals Musings

APRIL 14, 2021

As a logical and data-driven business advisor, I have long focused on facts, technology, and quantifiable pain in guiding entrepreneurs. Other startups use technology to provide personalized products to all customers. The objective of every business must be to do both for all to win.

Customer 432

Customer Social Media Dividend Technical Review 432

Startup Professionals Musings

FEBRUARY 15, 2020

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. Master-mind alliance.

Technical Review 315

Technical Review Angel Investor Differentiation Business Model 315

Startup Professionals Musings

JUNE 12, 2022

Existing technologies have been “commoditized” globally. Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. New emerging manufacturing technologies (e.g.,

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

Startup Professionals Musings

NOVEMBER 12, 2022

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. Master-mind alliance.

Technical Review 297

Technical Review Angel Investor Differentiation Business Model 297

Startup Professionals Musings

AUGUST 23, 2020

But there is no magic formula on how to bring these together a second time, but I did see some good insights on the parameters in a classic startup business parable, “ Endless Encores ,” by Ken Goldstein, who advises startups and has built companies in technology, entertainment, media, and e-commerce.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

Steve Blank

OCTOBER 15, 2019

This article previously appeared in the Harvard Business Review. Disruption today is more than just changes in technology, or channel, or competitors – it’s all of them, all at once. They’ll use government regulation and lawsuits to keep out new entrants with more innovative business models.

Government 322

Government Technical Review Acquisition Metrics 322

Startup Professionals Musings

SEPTEMBER 13, 2022

According to a well-researched Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

View from Seed

JULY 6, 2020

You have 4-6 years of professional experience as a technology operator, founder, or investor in New York. 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.

Technical Review 257

Technical Review Software Review Hiring Seed Stage 257

Steve Blank

SEPTEMBER 14, 2017

They were trying to keep up with providing the core services necessary to run the current business and at the same time deal with a flood of well-meaning but uncoordinated ideas about new features, technologies and innovations coming at them from all directions. Ironically, by standing still, they were falling behind.

Incubator 319

Incubator Curation Engineer Government 319

Steve Blank

SEPTEMBER 5, 2018

But as Carlota Perez has so aptly described, all new technology industries go through an eruption and frenzy phase, followed by a crash, then a golden age and maturity. Then the cycle repeats with a new set of technologies. Some have labeled this period as irrational exuberance. Every startup is in a race against time.

Lean 335

Lean Burn Rate Startup IPO 335

Startup Professionals Musings

DECEMBER 6, 2019

According to a well-researched Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

MAY 15, 2019

Neither breakthrough technology nor maximum features will assure that “if we build it, they will come.” In fact, NISI recommends starting with the minimum focused set of features and technology that will drive a customer purchase. Nail the business model. Nail the solution.

Startup 245

Startup Angel Investor Technical Review Incubator 245

Startup Professionals Musings

JULY 8, 2022

Make your purpose to leave a legacy as a model leader , and it will live on for years, with continuing positive impacts in staff meetings, presentations, and around the water cooler. Many technologists have a passion for a new technology, but only a few are able to communicate the value in terms of future impact on society.

Technical Review 357

Technical Review Green Social Media Lean 357

Startup Professionals Musings

OCTOBER 11, 2023

For example, the development of reusable rocket technology by SpaceX and Amazon, who could not match NASA supplier budgets, has opened huge new opportunities in space travel and exploration. Adopt alternative business models to address challenges. Extend your reach globally with adaptations to new cultures.

Technical Review 277

Technical Review Partner Matching Channel 277

Startup Professionals Musings

JANUARY 25, 2023

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries. It is fair to bring in outside technology to reduce the risk and speed the implementation.

Partner 350

Partner Operations Metrics Leadership 350

Startup Professionals Musings

DECEMBER 5, 2020

Entrepreneurial thinkers see their business mission as enriching the lives of customers, rather than being a better producer of products and services. Entrepreneurs relish change and new technology, which lead to new sales. Continually evaluate the essential elements of the business model.

Technical Review 294

Technical Review Business Model Employee Sales 294

ReadWriteStart

JUNE 19, 2021

There are few technologies in the world today that can make a Trillion-dollar impact on the global economy. Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. IoT (Internet of Things) is one of them. Source: Mckinsey.

Technical Review 215

Technical Review Software Review Cloud Vertical 215

Startup Professionals Musings

JUNE 26, 2020

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. Description of the business entity you plan to form.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

FEBRUARY 8, 2020

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Management 322

Management Entrepreneur Forecast Stock Options 322

Startup Professionals Musings

DECEMBER 27, 2019

My simple answer is that they keep their focus on customers, rather than technology. They present a convincing story that every entrepreneur has the same potential, but most get sidetracked and bogged down by their technology, competitors, and internal organization. They help hiring managers raise the bar for every interview.

Global 308

Global Marketing Technical Review Agile 308

Startup Professionals Musings

SEPTEMBER 15, 2023

More success has been logged with companies like Amazon, which lightly funds many business model experiments each year, and is not hesitant to pivot or learn from failures. Look for technologies to adapt from other domains. Insights from these technologies are often not seen by the original inventor industries.

Artificial Inteligence 286

Artificial Inteligence Technology Leadership Business Model 286

The Startup Magazine

FEBRUARY 17, 2025

There are currently 488 businesses in the IV therapy industry in the United States, indicating a thriving market. To stand out, new entrants must focus on creating a robust business model that prioritizes patient safety and adheres to healthcare regulations.

Mobile 88

Mobile United States Technical Review Business Model 88

Startup Professionals Musings

DECEMBER 21, 2020

In my experience, even the best technology and business model won’t succeed without successful relationships. The quality of relationships with customers, investors, partners, and suppliers can easily be their sustainable competitive advantage, or their death knell. That’s why investors say they invest in people, not ideas.

Business Model 339

Business Model Developer Entrepreneur Partner 339

Startup Professionals Musings

APRIL 12, 2019

Every startup I know, in this changing world, has incurred delays and strategy pivots before they zero-in on the best customer solution and business model. New manufacturers and new technology are hard to get right the first time, so you will have unusable inventory and emergency repairs.

Cost 264

Cost Founder Software Review Startup 264

Startup Professionals Musings

APRIL 2, 2022

Many entrepreneurs think that adapting to the new technologies, like smart phones and Internet commerce, are the key to attracting new customers. In fact, businesses need to adapt even more completely to the changes in the buying and social behavior of consumers.

Customer 306

Customer Technical Review Social Media Social Network 306

Startup Professionals Musings

NOVEMBER 2, 2022

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Implement a modern real business model.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Steve Blank

JUNE 8, 2021

The trick is we use the same Lean LaunchPad / I-Corps curriculum — and the same class structure – experiential, hands-on– driven this time by a mission -model not a business model. Several will join the new Stanford Gordian Knot Center which is focused on the intersection of policy, operational concepts, and technology.

Lean 417

Lean Security Asia SBIR 417

Startup Professionals Musings

JANUARY 13, 2020

A proven business model, ready to scale, is particularly attractive. Since your product or technology may still be in the early stages of development, the investor in actually investing in you, and your previous achievements, as much as your current startup. Evidence of adaptability and flexibility.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Startup Professionals Musings

FEBRUARY 22, 2021

Friends and family will likely not expect the same level of sophistication on the business model and financials as a professional investor, but they do expect to see certain things. In high technology, this is called “release early and iterate,” which allows you to make corrections as you go, as well as adjust for the market changes.

Technical Review 338

Technical Review Elevator Pitch Due Diligence Angel Investor 338

Startup Professionals Musings

APRIL 4, 2022

According to my experience and this Motley Fool article from a few years ago, the challenge is very real, with around half of all new businesses no longer existing after five years. Apply for contests and business grants. Get a loan or line-of-credit.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

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. Key activities. Try this one.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

SEPTEMBER 9, 2019

Existing technologies have been “commoditized” globally. Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Non-industrial large organizations cling to outdated business models. New emerging manufacturing technologies (e.g.,

Engineer 219

Engineer Entrepreneur Offshore Merger 219

Startup Professionals Musings

MAY 19, 2023

But there is no magic formula on how to bring these together a second time, but I did see some good insights on the parameters in a classic startup business parable, “ Endless Encores ,” by Ken Goldstein, who advises startups and has built companies in technology, entertainment, media, and e-commerce.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229