Remove Customer Remove Elevator Pitch Remove Revenue
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Raising Money Using Customer Development

Steve Blank

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Are there customers for what you are building? How many are there? Can it scale?”

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. Use non-fuzzy terms to quantify customer value. Provide specifics on the customer business model. Budget time and dollars for each.

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Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

Your friends and family are really the only answer until you have a significant revenue stream. Practice every step, including the elevator pitch to get the first meeting. Use friends, family, and angels, if possible, to get a product, revenue, and customers first before the VC connection.

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10 Preparation Steps to Win an Angel Investment

Startup Professionals Musings

Remember to aim the content of both of these at investors, not customers. They must amplify your “elevator pitch” to investors, as well as key points from the business plan and the financial model. Close at least one initial customer. Prepare an investment-grade business plan. Free trials don’t count.

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A New Way to Teach Entrepreneurship – The Lean LaunchPad at Stanford: Class 1

Steve Blank

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Startups, are not about executing a plan where the product, customers, channel are known. Get Out of the Building and test the Business Model.

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Top Ten Action Items For Angel Funding Success

Startup Professionals Musings

Remember to aim the content of both of these at investors, not customers. They must amplify your “elevator pitch” to investors, as well as key points from the business plan and the financial model. Close at least one initial customer. Prepare an investment-grade business plan. Free trials don’t count.

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Recruiting Should Be Your #1 Priority From Day 1

YoungUpstarts

Think of it as an elevator pitch for recruiting. impactful work (we point to specific features that are being used by 100s of customers) and 3. impactful work (we point to specific features that are being used by 100s of customers) and 3. As an example, the reasons we provide to prospective engineers are 1. Be Specific.

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