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

Steve Blank

In January, we introduced a new graduate course at Stanford called the " target="_blank">Lean LaunchPad. Startups, are not about executing a plan where the product, customers, channel are known. The Lean LaunchPad class was scheduled to meet for three hours once a week. OK, somehow we got them interested. The First Class.

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Raising Money Using Customer Development

Steve Blank

Product Development – Getting Funded as The Goal In a traditional product development model, entrepreneurs come up with an idea or concept, write a business plan and try to get funding to bring that idea to fruition. Get out of the building, get some more customer feedback, spin your product and go back and read the book.

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Finding a Technical Cofounder for Your Startup

SoCal CTO

Refine your elevator pitch. Hire a Product Design Lead First Nailing that elusive technical co-founder Here are a few perspectives on the topic of finding technical cofounders: In Building a sweat equity team , Joel on Software tells us: You simply need to network. Go to user groups.

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Equity-Only CTO and Equity-Only Developers

SoCal CTO

He had a partially built product. Refine your elevator pitch. In my experience, it’s naive to think you can just “get developers to build the product” although it does sometimes work. Understand where they were in terms of being able to pay or was this equity-only (sweat equity only). Go to user groups.

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“Lessons Learned” – A New Type of Venture Capital Pitch

Steve Blank

The presentation didn’t have a single word about Lean Startups or Customer Development. We are currently in the process of validating our hypotheses about our product, customers, and markets. Actually, the essence of everything in CD is the same as Marc Andreesen’s Product-Market Fit. It’s a litmus test of how you [.]

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Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

You must have a prototype or a minimum viable product (MVP). To fund the sudden spike in production, funds will be required for additional inventory and wages. It is going to cost a lot of money just to get the initial batch of products to test the market and would definitely require external funding. Crowdfunding. Early-stage.

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How to Start a Business in a Month – #30DayChallenge

Up and Running

Given the number of funding resources available today, you shouldn’t have too much of a problem getting that initial start-up cash, especially if you focus on a lean business model or MVP route to market. See what people are paying, how they’re rating products/services. Day 8: Write a one page pitch. Just keep moving.