Steve Blank

SEPTEMBER 16, 2014

” She looked at bit puzzled, so I continued to explain… One of the virtues of using the Business Model Canvas as part of a Lean Startup is that it helps you frame each one of your nine critical hypotheses. Activities” is where you define the most important things your company must do to make the rest of your business model work.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Startup Professionals Musings

JULY 14, 2014

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Startup Professionals Musings

JULY 1, 2017

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

Product Development 177

Product Development Cost Developer Product 177

Startup Professionals Musings

FEBRUARY 19, 2013

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

JANUARY 12, 2018

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Women Entrepreneurs Can

MARCH 27, 2024

Diversify Revenue Streams Relying heavily on a single revenue stream can be dangerous as it exposes your business to significant risk. To avoid going bankrupt, diversify revenue sources by expanding product lines, targeting new markets, or offering complementary services.

Intellectual Property 52

Intellectual Property Software Review Revenue Security 52

Startup Professionals Musings

FEBRUARY 15, 2023

It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Most new teams are geographically dispersed these days anyway, so paying rent for an office should be differed to later stages when revenue is plentiful.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

JULY 8, 2015

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

Startup Professionals Musings

MAY 18, 2020

It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Most new teams are geographically dispersed these days anyway, so paying rent for an office should be differed to later stages when revenue is plentiful.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Steve Blank

NOVEMBER 11, 2013

We’re teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) at UCSF with a team of veteran venture capitalists. It turns out that for commercialization, the business model (Customers, Channel, Revenue Model, etc.) Lean LaunchPad Life Sciences Teaching'

Distribution 232

Distribution Channel Lean Intellectual Property 232

Up and Running

DECEMBER 8, 2021

Patent strategies are a series of steps that a company takes in order to secure and position its inventions, innovations, and/or intellectual property. Startups constrained by tight budgets may lean toward economizing with a single patent for each product. What is a patent strategy? Securing the essential European hubs, (i.e.,

Technical Review 88

Technical Review Portfolio Startup Intellectual Property 88

Startup Professionals Musings

MAY 4, 2016

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. Before you bring on partners, develop intellectual property, raise capital, or generate revenues, you need to establish an official business entity.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Up and Running

AUGUST 24, 2020

In 2020, data breaches are among the greatest cybersecurity concerns, with health records, corporate intellectual property, smart cars, and connected devices being the most vulnerable targets. By offering targeted services to these workers, the taxi company managed to minimize revenue losses and stay in business. 5G Network.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Steve Blank

NOVEMBER 21, 2016

Hacking for Diplomacy takes the Lean Startup methodology and applies it to problems sourced from the State Department. Each team continues to capture its work on a Mission Model Canvas – a modified version of the Business Model Canvas that’s at the heart of the Lean Startup methodology. Christos Makridis, a Ph.D

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

NOVEMBER 21, 2016

Hacking for Diplomacy takes the Lean Startup methodology and applies it to problems sourced from the State Department. Each team continues to capture its work on a Mission Model Canvas – a modified version of the Business Model Canvas that’s at the heart of the Lean Startup methodology. Christos Makridis, a Ph.D

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Up and Running

NOVEMBER 12, 2018

The subscription box industry is growing rapidly thanks to a steady revenue model and tapping into people’s love for surprises. But if you’re writing a plan as an internal guide for strategic growth, you should consider a lighter version— a Lean Plan. Financial summary : Project your revenue for the first few years.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Steve Blank

AUGUST 5, 2010

Consumer Internet investing seems to have split off from traditional Venture Capital, and is creating a new category of VC’s: Lean VC’s. The Rise of the “Lean VC’s” – Consumer Internet Gets Funded. I call them “ Lean VC’ s” to emphasize why they’re different. (In Here’s why. Electron-based Venture Capital.

Lean 265

Lean Internet Silicon Valley Venture Capital 265

Up and Running

SEPTEMBER 19, 2018

If you simply want to map out the aspects of your business for internal use, you can consider a Lean Business Plan. Financial Summary: Explain your business model, startup costs, revenues, and liabilities to the company. You can choose from a few different types of business plans depending on your needs. Be specific.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Steve Blank

FEBRUARY 25, 2014

The startups in our Lean LaunchPad classes and the NSF I-Corps incubator use LaunchPad Central to collect a continuous stream of data across all the teams. Recently we ran a Lean LaunchPad for Life Sciences class with 26 teams of clinicians and researchers at UCSF. Investment Readiness Level (IRL) for Corporations and Investors.

Incubator 318

Incubator Intellectual Property Startup Lean 318

Steve Blank

MAY 26, 2009

Intellectual Property At the next class I said, “You all ought to get out and start talking to customers on day one, and get early feedback on your idea. You don’t need to worry about any Intellectual Property (IP) issues. The time to product and scale of investment is radically different than other startup markets.&#

Vertical 158

Vertical Silicon Valley Intellectual Property RSS 158

Up and Running

AUGUST 28, 2018

A Lean Business Plan might be a better fit if you simply need to think through all the different aspects of your business. A Lean Plan will be shorter, and it lends itself to quick revisions, but both types follow the same general outline. They tend to be lengthier and more detailed. Do they self-pay or use insurance? Be specific.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Steve Blank

JULY 28, 2011

From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory – income statements, balance sheets, business plans, revenue models, 5-year forecasts, etc. They may decide to license their intellectual property based on their research. Join the I-Corps.

Engineer 287

Engineer Silicon Valley United States Intellectual Property 287

Up and Running

OCTOBER 3, 2018

If you want to put together a strategic plan to map out your business’s growth potential, you might consider a Lean Business Plan. But know that a Lean Plan shares all of the same components of a traditional business plan—it’s just shorter. Whichever type of plan you choose, remember that a business plan is a living document.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Both Sides of the Table

OCTOBER 17, 2019

Invoca is now doing 10s of millions in recurring revenue and is growing > 75% year-over-year but it took the first 3 years to really build out the technology and acquire our initial enterprise clients. I mentioned that we sold our position in Kyriba for > $1 billion but when we invested it had virtually no revenue.

IP 223

IP Intellectual Property IRR Cofounder 223

Startup Professionals Musings

APRIL 6, 2016

It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Most new teams are geographically dispersed these days anyway, so paying rent for an office should be differed to later stages when revenue is plentiful.

Bootstrapping 120

Bootstrapping Hockey Stick Sweat Equity Intellectual Property 120

Berkonomics

AUGUST 20, 2020

Keep the deal a secret even as the buyer leans in? You know that the buyer will be crawling the offices with legal and accounting personnel, reviewing contracts, financials, governance documentation, intellectual property, leases, and much more. How do you explain this if not by making a general announcement?

Due Diligence 71

Due Diligence Intellectual Property SEC Lean 71

ConversionXL

JUNE 10, 2020

and LaCroix doesn’t have much that distinguishes it from the competition in terms of intellectual property or added value,” Laurent Grandet, a beverage analyst for Guggenheim, told CNN. According to HubSpot , “brands that are consistently presented see an average revenue increase of 23%.”.

Product 80

Product Social Media Intellectual Property Audience 80

Steve Blank

MARCH 25, 2011

The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. Week 3 of the class and our teams in our Stanford Lean LaunchPad class were hard at work using Customer Development to get out of the classroom and test the first key hypotheses of their business model: The Value Proposition.

Cloud 238

Cloud Intellectual Property Lean Customer Development 238

David Teten

DECEMBER 3, 2019

Lean Case provides standard business models & metrics, so you can apply a standard approach to business planning, modeling, and profitability tracking. Lighter Capital, a Revenue Based Investing VC, offers a Cost of Capital Calculator. Similarly, Corsis uses benchmarking data to understand technology spend patterns.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

www.inc.com

SEPTEMBER 24, 2011

Intellectual Property. But with the help of Grahams company, which specializes in creating tech systems for start-ups, Jumpstart grew to more than $50 million in revenue--enough to make it an attractive acquisition for media conglomerate Hachette Filipacchi. But Ive definitely had to lean on Dave. Business Software.

Arizona 40

Arizona Equity Iowa Venture Capital 40

ReadWriteStart

AUGUST 1, 2011

From the point of view of scientists and engineers in a university lab, too often entrepreneurship in all its VC-driven glory - income statements, balance sheets, business plans, revenue models - seems like another planet. They may decide to license their intellectual property based on their research. This is a big deal.

Silicon Valley 118

Silicon Valley Intellectual Property Balance Sheet Lean 118

VC Cafe

JANUARY 10, 2024

billion in annualised revenue , an a myriad of new companies were born, from open source LLMs to application layer startups that were able to move fast and do much more with less. As Viola points out, there are 5 main barriers to adoption: Security, privacy, intellectual property, performance, and cost.

Generative AI 109

Generative AI Israel Artificial Inteligence Open Source 109

Steve Blank

JUNE 8, 2009

Business and Revenue Model – How do we organize to make money? Intellectual Property/Patents – Strategic or Tactical, timing? Waterfall, Agile, Lean? Customer Development Steps – How do we iterate with customers? Regulatory Issues – What are they? Time to Market – How long? Product Development – How do you engineer it?

Vertical 126

Vertical Silicon Valley RSS Marketing 126

Up and Running

MAY 15, 2019

This would be the architect, business lawyer, intellectual property attorney, banker, insurance broker, real estate agent, label maker, hop grower, malt supplier, tank fabricator, and accountant.”. Within any model, there are things breweries can focus on to stand out and increase revenue. Hire the right team.

Oregon 24

Oregon Jordan Software Review Distribution 24

Startup Lessons Learned

AUGUST 26, 2020

It just so happens that my disposition will always lean toward the health of human beings, it is part of who I am. Then came back as a sort of a young intellectual property attorney, working for a wonderful firm here in town. And then I, of course, need revenue for this." It was the place where I can do the most good.

Fresno 60

Fresno Community Technology California 60

grasshopperherder.com

SEPTEMBER 24, 2011

I think it’s difficult, if not impossible, to value a pre-revenue company with any reasonable accuracy. The company did have some revenue and paying users, but not enough to make any judgement on the company’s future prospects. I already own stock in two companies which own no intellectual property.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

blog.simeonov.com

FEBRUARY 22, 2010

For example, without a clear vehicle (a company) to contribute intellectual property into, a founder who walks away may mean that the future company won’t own its own IP. It can be deferred, with or without interest, to be paid after a financing or once revenues start coming in. The next post will go into this in more detail.

Founder 44

Founder Vesting Agile Startup 44