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Anyone who reads this blog frequently will know that I am a big believer in low-cost video content and specifically the power of YouTube as a content creation & distribution platform. Distribution costs have, too. Hollywood vs. SiliconValley and Who Will Win. They read less than 30 minutes.
Filed under: Customer Development , Customer Development Manifesto « The Secret History of SiliconValley 12: The Rise of “Risk Capital” Part 2 Raising Money Using Customer Development » 8 Responses Jake Lumetta , on November 2, 2009 at 10:49 am Said: Great post. Reply Leave a Reply Click here to cancel reply.
They had an existing distribution channel and their dealers and customers thought they knew who the company was and what it stood for. Steve Blanks 30 years of SiliconValley startup advice. Order Here. To Order Outside of the U.S. Now In Print! Blog at WordPress.com. Theme: Digg 3 Column by WP Designer.
Even startups that are dominated by technical risk have the customer validation risk of finding positive ROI distribution in a large market. That’s no longer the case in SiliconValley. Steve Blanks 30 years of SiliconValley startup advice. Almost all Web startups are dominated by market risk. Keep teaching!
Go spend some time outside the building talking to potential distribution partners. Only in SiliconValley could we have got funded with this idea, and not surprisingly, it was our technology that had the VC’s confused. Steve Blanks 30 years of SiliconValley startup advice. Order Here. To Order Outside of the U.S.
Venture Capitalists on your board developed the expertise to get your firm public as soon as possible using whatever it took including hype, spin, expand, and grab market share because the sooner you got your billion dollar market cap, the sooner the VC firm could sell their shares and distribute their profits. Order Here. Now In Print!
Entrepreneur-in-Residence After SuperMac I had been approached by one of our venture investors to be an entrepreneur in residence (EIR), a SiliconValley phrase which says one thing but means another. Peter described the first company in which “Hollywood meets SiliconValley” and we were enthralled. Order Here.
At a university business plan competition, for the first time they can swim in the sea of expertise that we/I take for granted in the middle of SiliconValley. I love business plan competitions (and with my valley-centric bias, I think Berkeley and Stanford have two of the best.) I was simply confused about what a plan was for.
When Sloan arrived at GM in 1920 he realized that the traditional centralized management structures organized by function (sales, manufacturing, distribution, and marketing) were a poor fit for managing GM’s diverse product lines. But the spirit of Billy Durant would rise again in what would become SiliconValley.
Everyone should have a chance to walk the floor looking for deals, technology, distribution, customers, etc. Steve Blanks 30 years of SiliconValley startup advice. Partnership Opportunities At any show you are attending there has to be tons of opportunity for business to business relationships you hadn’t thought about.
Some businesses can service all four cities with a single distribution hub in one of the cities, making it a unique market for launching new businesses. Partnerships with innovative global companies in major industry verticals provide unique opportunities for customer validation, pilot programs and strategic investment.
SuperMac sold our graphic boards for the Macintosh through multiple distribution channels: direct sales to major accounts, national chains, independent rep firms, etc. Steve Blanks 30 years of SiliconValley startup advice. But the computer retail channel was a large part of our sales. Your mileage may vary, just my two cents.
During the last three years he’s worked with over 100 companies, many of which established Innovation Outposts in SiliconValley. He’s now helping companies get the most out of their relationships with SiliconValley. and concentrated on a single part of the supply chain – importing, distribution, wholesale, retail.
In 1999, Lee joined the SiliconValley new media content contingent as an Internet-company CEO, and has since founded two innovative Los Angeles media companies. With Growthink, Lee has continued his deep involvement with film, digital media, content delivery protocols, gaming technologies and sports initiatives.
Till now most people even in SiliconValley have implicitly assumed that scaling a startup meant switching to manager mode. The focus on entertainment tech meant that we always cared about content creation, distribution and monetisation. In effect there are two different ways to run a company: founder mode and manager mode.
So I got out out of the building to meet and understand our customers and distribution partners. There couldn’t have been a worse choice for CEO in SiliconValley. This wasn’t just some random SiliconValley fantasy. Also, are you available for talks at a SiliconValley networking group for job seekers.
Creating a vertically oriented regional ecosystem is a pretty amazing accomplishment for any country or industry. The trap most of them fell into (common almost everywhere): they were reading the blog posts and advice of SiliconValley-based companies and believing that it uniformly applied to them. It doesn’t.
The word conjures images of twenty-something graduate students hacking code in a SiliconValley dorm room, fueled by a steady supply of Red Bull and Ramen. The vertical axis measures the “percentage of individuals. First of all, we all know that the age distribution in the U.S. By Akira Hirai Entrepreneurship.
You make several first order approximations about your business model, distribution channels, demand creation, and customer acceptance. Steve Blanks 30 years of SiliconValley startup advice. Faith-based Entrepreneurship At first, entrepreneurship is a Faith-based initiative. There is no certainty about a startup on day-one.
In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. would look in each of the verticals. For example, How does sales differ from one market to another? Others you need to know when you execute the plan.
It’s worth noting that LexSet’s team is distributed with additional team members in Seattle and myself in Los Angeles, giving us great range to take sales meetings all across the country. It’s also steps away from the Rlab , the mixed-reality accelerator we recently graduated from and maintain close ties with.
After that there’s a discussion of how the product will reach the customer and the potential distribution channel. The distribution discussion leads to some conclusions about competition: who are they and how they differ. The distribution discussion also leads to some assumptions about pricing. Order Here. Now In Print!
Growth hacking is a term that emerged from the SiliconValley tech community and the lean startup methodology. One of Qless’s core verticals is the retail industry. The brand might do this by distributing the content via email to half of their audience, tracking engagement metrics, and measuring the influence on CLV.
I responded to their RFP by proposing that Ardent build the Pittsburgh Supercomputing Center a distributed supercomputing environment with hundreds of Ardent personal supercomputers rather than a monolithic Cray supercomputer. And where are we today…distributed computing. Steve Blanks 30 years of SiliconValley startup advice.
We have arguably the largest distributed workforce in the world. We really wanted to build a network of top tier talent, similar to the caliber of talent that’s working in-house at top SiliconValley tech companies. And we’ll be expanding into more business verticals soon. Where are you located?
Do you know have they distribute their product? Steve Blanks 30 years of SiliconValley startup advice. Some of the conversations went like this: Startup 1 Entrepreneur -“I’m competing against Company x and have been following the Customer Development process and I’ve talked to lots of customers.” Order Here. Now In Print!
The firm was founded more than 35 years ago and the team quickly realised that innovation was not confined to SiliconValley. We’ll also see the emergence of more low code / no code platforms that address specific vertical needs. Accel has been a big believer in cloud since the early days of this shift.
Each week we like share our thoughts on a range of topics from vertical markets to general startup advice and our reflections on investing. Changing the narrative on distributed teams in SiliconValley”. Among our SiliconValley-based portfolio companies, every company past “A” has a distributed team.
Top management was trying to coordinate all of the operating details (sales, manufacturing, distribution and marketing,) across all the divisions and the company almost went bankrupt that year when poor planning led to excess inventory (with unsold cars piling up at dealers and the company running out of cash.) Order Here. Now In Print!
I was positioning the company as the second coming of the video games businesses at the intersection of “ Hollywood Meets SiliconValley.” In the end, the CEO couldn’t get his board to give us the cash in exchange for the Japanese distribution rights and some equity. Steve Blanks 30 years of SiliconValley startup advice.
Already have a bunch of local friends; critical mass of startups in verticals matching our Bottom Up Economy theme; on-the-ground frequently (I grew up here and Satya lived in Manhattan for several years). The distribution is here. My first NYC angel investment was in Charlie O’Donnell, 2007. That’s what attracts talent.
From the outside, they are vertically integrated challengers to decades if not hundred-years old incumbents. Smaller companies like Warby Parker are taking on branded incumbents in eyewear by re-inventing and collapsing distribution and manufacturing channels. E-commerce is the canary in the coal mine.
Some vertical ad networks have gone after this opportunity, Glam Media being one of the most successful of the lot. Today's discussion was about how to generate additional distribution and acquire traffic. She is a SiliconValley entrepreneur and strategy consultant. It's just not worth it.
Ultimately, we each had a lot of domain experience in different content verticals and wanted to build the ultimate places we could work every day putting that experience to work. The Smart People Can Denounce Bravo's SiliconValley All They Want. “It’s hard to create a company like this as a kid,” he says.
customers aren’t buying it, the cost of distribution is too high, etc.) Look at the early SiliconValley companies – Homebrew Club =>PCs. Steve Blanks 30 years of SiliconValley startup advice. When a technology is radically new, people buy a product for its technical features. Order Here. Now In Print!
Andy is a global thought leader in remote work, telecommuting, and distributed workforces having served as CEO of Crossover and Sococo and on the board of Texas Central, our new bullet train. He was also born here and went to UT Austin before heading out to SiliconValley for a stint.
We are unbelievably lucky to be here right now, with a team of über-talented people from the best and brightest SiliconValley companies, at a moment when what a book should be is morphing before our very eyes. We are transforming publishing for the 21st century. That’s massive.
SiliconValley can frequently be too provincial in its views of entrepreneurship, strategy, and markets. In my previous podcast with my friend and entrepreneur Wences Casares, we talked about the ability of entrepreneurs down here to see global markets that SiliconValley entrepreneurs might miss.
One is explaining the world as it used to work: the importance of gatekeepers, the scarcity implied by limited distribution, and the resulting quality bar that the industry is so proud of. Mostly it is the time and expense required to create the means of distribution for that industry. It’s just taking some longer than others.
In 1999, Lee joined the SiliconValley new media content contingent as an Internet-company CEO, and has since founded two innovative Los Angeles media companies. With Growthink, Lee has continued his deep involvement with film, digital media, content delivery protocols, gaming technologies and sports initiatives.
This is the second of three posts about the rise of “risk capital” and how it came to be associated with what became SiliconValley. ———————– The First Valley IPO’s SiliconValley first caught the eyes of east coast investors in the late 1950’s when the valleys first three IPO’s happened: Varian in 1956, Hewlett Packard in 1957, and Ampex in 1958.
Band of Angels (SiliconValley). Sand Hill Angels (SiliconValley). Others were able to provide additional data for one or more business verticals. The distribution of groups in the survey includes a relatively representative sampling of angel groups across the US and Canada. Ohio TechAngels (Columbus).
It reminds me of living in SiliconValley 10 years ago when so many foundational SaaS companies were started. Cloud Entrepreneurs: Embracing the “SiliconValley State of Mind" Accel has been a big believer in cloud since the early days of this secular shift. Big milestones for the old continent!
An era defined and dominated by the few who could afford the factories, the media and the distribution systems. A bit like SiliconValley. A local example was the Greenhouse pop up restaurant in Melbourne by Joost Baker – Which included vertical gardens and large amounts of material re-purposing. And now it is over.
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