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The Startup Owners Manual
             Steve Blank

       Stanford - School of Engineering
   U.C. Berkeley - Haas School Of Business
            www.steveblank.com
              Twitter: @sgblank
See the Animated Version
  of this Presentation at:
http://www.slideshare.net/sblank/th
e-startup-owners-manual-sxsw-the-
              movie-2
This Talk is Based On
• Business Model Generation
• The Lean Startup
• Four Steps to the Epiphany
This Talk is Based On
• Business Model Generation
• The Lean Startup
• The Startup Owners Manual
Not all those who wander are lost

            Bilbo Baggins
The Search for a Path

     1602 - 1908
The Path to Business Execution

 But Startups are Not Smaller Versions
          of Larger Companies
From Atoms to Bits
The Startup Path

Search Versus Execution
What’s a Startup?
What’s a Business Model?
Value Proposition

What Are You Building and For Who?
Customer Segments

   Who Are They?
 Why Would They Buy?
Channels

How does your Product
  Get to Customers?
Customer Relationships

How do you Get, Keep and Grow Customers?
Revenue Streams
How do you Make Money?
Key Resources
What are your most important Assets?
Key Partners
Who are your Partners and Suppliers?
Key Activities
What’s Most Important for the Business?
Cost Structure
What are the Costs and Expenses
Turning Hypotheses Into Facts
The Four Steps – The Startup Path


      Customer Development
Customer Development

There Are No Facts Inside The Building,
       So Get the Heck Outside
Customer Development

Test the Problem, Then the Solution
Customer Development

 The Entrepreneurial Journey
Startup Owners Manual
Startup Owners Manual




National Science Foundation
Startup Owners Manual

• Yes there’s an E-Book version coming
• Free autographed copies - Sunday
  Startup America Salon E 1:30 -3pm
Examples from the Book
Examples from the Book
                             b ile
                             o
                          /m
                        eb els
                       w n
                     th an
                  b o ch
                or cal
               f i
             ep hys
           St p
         y- d
       -b a n
    ep
  St
Customer Relationships
Customer Relationships
Web/Mobile Products– Get   Customers




                                       © 2012 Steve Blank
Customer Relationships
Web/Mobile Products– Keep Customers




                                      © 2012 Steve Blank
Customer Relationships
Web/Mobile Products– Grow Customers




                                      © 2012 Steve Blank
Customer Relationships
Web/Mobile Products Get/Keep/Grow




                                    © 2012 Steve Blank
Customer Relationships
Physical & Web Mobile Are Different




                                      © 2012 Steve Blank
Customer Relationships
Physical & Web Mobile Are Different




                                      © 2012 Steve Blank
Make Your Lives Extraordinary

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The Startup Owner's Manual