Steve Blank

JUNE 11, 2013

Just as a reminder, a startup is a temporary organization designed to search for a repeatable and scalable business model. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. What is an IRR? It all starts with understanding what a startup is.

Venture Capital 335

Venture Capital IRR Liquidity Event Business Model 335

Steve Blank

JUNE 23, 2016

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. Filed under: Corporate Innovation , Customer Development. These metrics make it difficult for a company that wants to invest in long-term innovation.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

JUNE 11, 2013

Just as a reminder, a startup is a temporary organization designed to search for a repeatable and scalable business model. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. What is an IRR? It all starts with understanding what a startup is.

Venture Capital 227

Venture Capital IRR Liquidity Event Business Model 227

Steve Blank

MARCH 4, 2014

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. For most companies it feels like innovation can only happen by exception and heroic efforts, not by design.

IRR 335

IRR Startup Business Model Agile 335