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. Join a startup incubator. Use crowd funding. Get a loan or line-of-credit.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Both Sides of the Table

SEPTEMBER 28, 2014

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. ” I highly recommend reading it.

Burn Rate 383

Burn Rate Balance Sheet .Net Valuation 383

Both Sides of the Table

JUNE 4, 2013

LEAN STARTUP MOVEMENT. And finally there is the most modern spin on these concepts by two individuals who have built tech startups and have done an excellent job at describing the process. ” is Eric Ries who wrote the must own, “ The Lean Startup ” *. Startup Advice' The money quote.

Technical Review 401

Technical Review Startup Business Model Non-Compete 401

Steve Blank

DECEMBER 10, 2014

The University of Maryland is now integrating the Lean LaunchPad ® into standard innovation and entrepreneurship courses across all 12 colleges within the University. It was Steve who first brought Will Harvey to visit Immersion, which led to a strategic investment in There.com, Will’s stealth-mode but sure-fire, can’t-miss startup.

Maryland 280

Maryland Lean DC Virginia 280

Startup Professionals Musings

NOVEMBER 28, 2020

Who would not want to join the unicorns (recent startups with a current valuation of over $1 billion)? Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S. Incorporating a business entity early through online services.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Steve Blank

JUNE 26, 2014

We’ve pivoted our Lean LaunchPad / I-Corps curriculum. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education. . The Lean LaunchPad is now being taught in over 100 universities.

Intellectual Property 290

Intellectual Property Lean IP Open Source 290

Steve Blank

NOVEMBER 4, 2013

We’re deep into 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.) Diagnostics (Starting at 10:45).

Lean 266

Lean Customer Business Model Customer Development 266

Steve Blank

JANUARY 22, 2014

Over the years Dino and I brainstormed about how Lean entrepreneurship would affect regional development. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. I visited Bend last year and caught up with his progress. Tech investing is risky.

Early Stage 295

Early Stage Silicon Valley Oregon Technical Review 295

Startup Professionals Musings

DECEMBER 6, 2019

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. Join a startup incubator. Use crowd funding to build reserves.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

JUNE 30, 2019

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. Join a startup incubator. Use crowd funding. Get a loan or line-of-credit.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Both Sides of the Table

NOVEMBER 3, 2009

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. Let’s take your revenue line.

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Steve Blank

MARCH 8, 2011

In January, we introduced a new graduate course at Stanford called the " target="_blank">Lean LaunchPad. 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. – not just web-based startups.

Lean 307

Lean Business Model Customer Development Guinea 307

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. Join a startup incubator. Use crowd funding. Get a loan or line-of-credit.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

YoungUpstarts

OCTOBER 19, 2017

The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. In this article we explore the unique challenges of a lean start-up and how Outsourced Product Development (OPD) can be used to overcome them. The Lean Start-Up Environment.

Product Development 153

Product Development Lean Developer Product 153

A Smart Bear: Startups and Marketing for Geeks

AUGUST 9, 2010

This is Part 3 of the series: 5 lessons from 150 startup pitches.? Of hundreds of startup pitches at Capital Factory , almost none had unearthed 10 people willing to say, "If you build this product, I'll give you $X.". Aren't you sick of every startup blogger on Earth badgering you about this? Short-sighted, no? My guess: 80%).

Software Review 312

Software Review Part-Time VPE Cofounder Houston 312

Steve Blank

NOVEMBER 1, 2017

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. Are lean innovation and the Startup Way a failure in large companies?

Institutional Investors 271

Institutional Investors Dividend Stock Technical Review 271

Startup Professionals Musings

APRIL 4, 2022

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. Join a startup incubator. Use crowd funding. Get a loan or line-of-credit.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

NOVEMBER 13, 2012

The Japanese edition of The Startup Owner’s Manual hit the bookstores in Japan this week. Back in 1990’s, I was working for one of the leading sogo shohsa (trading company) in Japan, building data communications startups. The result: great success of my third startup, a load balancing technology for web servers back in the late 1990’s.

Japan 305

Japan Customer Development Developer Customer 305

Both Sides of the Table

OCTOBER 6, 2010

Everyone has their own definition of momentum (user numbers, revenue, channel partners, biz dev deals, whatever). If you have good experience then the VC will be leaning forward for the rest of the presentation. They might want you to start lean. Tags: Raising Venture Capital Startup Advice.

Early Stage 360

Early Stage Startup Venture Capital Seed Stage 360

ReadWriteStart

DECEMBER 15, 2022

Startup studios continue to grow in popularity as incubators for new businesses. Rather than simply launching one startup, the startup studio model creates an organization whose business is launching startups. These can then be repeated and improved on with each successive startup.

Incubator 188

Incubator Startup Software Developers Software Development 188

Steve Blank

DECEMBER 9, 2013

As our Lean LaunchPad for Life Sciences class winds down, a good number of the 26 teams are trying to figure out whether they should go forward to turn their class project into a business. Is it a small business that hits $4 million in revenue in four years and $8 million in ten years? And if not, are you Ok with something small?

Cofounder 330

Cofounder Technical Cofounder Liquidity Event Lean 330

Steve Blank

JULY 30, 2014

Startups are not smaller versions of large companies, but interestingly we see that companies are not larger versions of startups. I’ve been spending some time with large companies that are interested in using Lean methods. their burn rate (the amount of money they’re spending monthly minus any revenue coming in) and.

Customer Development 335

Customer Development Design Developer Customer 335

Steve Blank

SEPTEMBER 16, 2014

How do you figure out what’s the right mix of skills for the co-founders of your startup? I was having breakfast with Radhika, an ex-grad student of mine who wanted to share her Customer Discovery progress for her consumer hardware startup. I told Radhika this is a perennial question for startups. ——-.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Both Sides of the Table

APRIL 2, 2014

We feel pressure to hit milestones for a variety of reasons: Investor presentations, conference demos, customer sales meetings, competitive pressures, a need to drive revenue, business development commitments – whatever. Leadership Startup Lessons' CEOs are time-driven creatures. Seek ways to cut scope and do fast follows.

Software 344

Software Part-Time VPE Engineer Leadership 344

Startup Lessons Learned

AUGUST 20, 2020

I’ve long been an advocate of using Lean Startup principles to advance non-profits and philanthropic organizations, whose work is so urgently needed at this moment in history. In this blog post, I want to share the story of a lean pop-up organization called HelpKitchen. SF New Deal and Frontline Foods were early leaders.

Lean 128

Lean San Francisco Technical Review Software Review 128

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 4, 2017

“Founder trouble” is a leading cause of startup death (though data also show that companies with only one founder are more likely to fail , so the conclusion is just that startups are just always likely to fail!). If Google launches a new product that generates $10,000,000/year in revenue, is that good?

Government 223

Government Startup Cofounder Technical Support 223

A Smart Bear: Startups and Marketing for Geeks

JULY 19, 2010

This is Part 2 of the series: 5 lessons from 150 startup pitches.??? No, wait, the real question is: What are you going to do when another smart, scrappy startup copies it, and gets $10m in funding, and is thrice featured on TechCrunch? You don't have an "edge" just because you're passionate, hard-working, or "lean.".

Software Review 325

Software Review Technical Review Development Team Review Bolivia 325

Both Sides of the Table

JULY 16, 2010

Staying “lean&# is not an option. Revenue must come from a primary source (as opposed to advertising or other third party sources). Importantly, what does this all mean for startups? As I argue in the same video above – startups are better off by the “right sizing&# of the VC industry.

LP 311

LP Technical Review Early Stage Silicon Valley 311

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. Join a startup incubator. Use crowd funding to build reserves.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Steve Blank

FEBRUARY 23, 2013

For what I had thought were a few simple ideas about taking what we’ve learned about startups and applying it to corporate innovation, the post has gotten an amazing reaction. Filed under: Big Companies versus Startups: Durant versus Sloan , Business Model versus Business Plan. His latest book is Simply Effective.

Business Model 334

Business Model Technical Review Business Plan Search 334

Steve Blank

OCTOBER 15, 2019

Once upon a time every great organization was a scrappy startup willing to take risks – new ideas, new methods, new customers, targets, and mission. For the contractors, anything new offers the real risk of losing a lucrative existing stream of revenue. Companies Run on Process. Process Versus Product. The result is process theater.

Government 322

Government Technical Review Acquisition Metrics 322

Both Sides of the Table

SEPTEMBER 16, 2010

As I’ve highlighted I believe we’re in a unique period similar to 2005-08 where the biggest tech firms of Silicon Valley (and some media companies) are scooping up small software companies as “talent acquisitions&# versus accretive revenue / profit generators. This is actually the norm. avoid being diluted).

Cap Table 283

Cap Table Angel Investor Liquidation Preference Dilution 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. Join a startup incubator. Use crowd funding. Get a loan or line-of-credit.

Product Development 177

Product Development Cost Developer Product 177

Startup Professionals Musings

SEPTEMBER 16, 2023

Who would not want to join the unicorns (recent startups with a current valuation of over $1 billion)? Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S. Incorporating a business entity early through online services.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Many myths surround the subject of startup funding. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. You must have seen a lot of startups giving out promotions, discounts, and incentives at the early phase of their business. Crowdfunding.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

A Smart Bear: Startups and Marketing for Geeks

JUNE 13, 2011

Modern Lean Startup theory blares out from the red-tiled rooftops of Stanford: Seek the Data and Ye Shall Find! But as much as I respect and follow Lean Startup theory, objective measurements aren’t the only things that matter. I was embarrassed when referring you guys to friends.&#. But hold on. But hold on.

Design 253

Design Lean Cofounder Database 253

ReadWriteStart

JANUARY 26, 2021

Launching a startup is ridiculously exciting. That’s because more than half of all startups fail within the first five years of operation. Understanding the reasons why startups fail can help you avoid such a fate. So what are the driving factors that lead to startup failure? Lack of Market Need. Poor Customer Experience.

Startup 180

Startup Angel Investor Business Model Demand 180