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Steve Blank Jon Feiber John Burke Ann Miura-Ko Jerry Engel Jim Hornthal Owen Jacob The Lean LaunchPad Lecture 8: Resources
images by JAM customer segments key partners cost structure revenue streams channels customer relationships key activities key  resources value proposition
KEY RESOURCES which resources underpin your business model? which assets are essential?
OFFER Business Model Canvas KEY PARTNERS CHANNELS CUSTOMER RELATIONSHIPS CUSTOMER SEGMENTS REVENUE STREAMS COST STRUCTURE KEY ACTIVITIES KEY RESOURCES
Key Resources
Four Critical Resources ,[object Object],[object Object],[object Object],[object Object]
Physical Resources ,[object Object],[object Object],[object Object]
Physical Resources ,[object Object],[object Object],[object Object],[object Object],[object Object]
Financial Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Human Resources ,[object Object],[object Object]
Mentors, Teachers, Coaches ,[object Object],[object Object],[object Object],[object Object]
Advisors ,[object Object],[object Object],[object Object],[object Object]
Qualified Employees/Culture ,[object Object]
 
Executive Traits by Stage
Executive Traits by Stage
Executive Traits by Stage
Executive Traits by Stage
Intellectual Property
Trademark  protects branding & marks ,[object Object],[object Object],[object Object],[object Object],[object Object]
Copyright  protects creative  works of authorship ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Trade Secrets ,[object Object],[object Object],[object Object],[object Object]
Contract ,[object Object],[object Object],[object Object],[object Object]
Patents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Can be Patented? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Venture Financing See:  http://steveblank.com/tools-and-blogs-for-entrepreneurs
What are sources of funding? Banks Angels Super-Angels Micro-cap VC Traditional VC Size of Fund NA NA $5-20M $20-100M $100M+ Size of Investment NA $10-250k $100-500k $250k-1M $2M+ Source of Funds NA Personal Institutional Institutional Institutional Expected returns Interest rate 2-3x 2-3x 3-5x 3-5x Length of commitment Long term ASAP Depends 10 years 10 years Expected ownership NA <10% <15% 10-25% 25-50%
Know what you’re getting into...
80 winners per year* out of 1,500 VC backed deals exit >$50M 80 1,420 PASS FAIL *IT industry only
...The 80 that “Made It” >$750M 8 7 20 45 $500-$750M $250-$500M $50-$250M Legendary Companies
2009 in Perspective IPO M&A 8 7 20 45
Venture Economics ,[object Object],$400M $1.5B 20% return in 6 years $ 7.5B Value creation required $5B
Decision Tree
Team Deliverable for  Nov 22 nd , 29 th  Dec 6 th   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Team Deliverable for Lessons Learned Days Dec 13 th  and 14 th   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Lecture 8 resources and financing 120411

  • 1. Steve Blank Jon Feiber John Burke Ann Miura-Ko Jerry Engel Jim Hornthal Owen Jacob The Lean LaunchPad Lecture 8: Resources
  • 2. images by JAM customer segments key partners cost structure revenue streams channels customer relationships key activities key resources value proposition
  • 3. KEY RESOURCES which resources underpin your business model? which assets are essential?
  • 4. OFFER Business Model Canvas KEY PARTNERS CHANNELS CUSTOMER RELATIONSHIPS CUSTOMER SEGMENTS REVENUE STREAMS COST STRUCTURE KEY ACTIVITIES KEY RESOURCES
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  • 27. Venture Financing See: http://steveblank.com/tools-and-blogs-for-entrepreneurs
  • 28. What are sources of funding? Banks Angels Super-Angels Micro-cap VC Traditional VC Size of Fund NA NA $5-20M $20-100M $100M+ Size of Investment NA $10-250k $100-500k $250k-1M $2M+ Source of Funds NA Personal Institutional Institutional Institutional Expected returns Interest rate 2-3x 2-3x 3-5x 3-5x Length of commitment Long term ASAP Depends 10 years 10 years Expected ownership NA <10% <15% 10-25% 25-50%
  • 29. Know what you’re getting into...
  • 30. 80 winners per year* out of 1,500 VC backed deals exit >$50M 80 1,420 PASS FAIL *IT industry only
  • 31. ...The 80 that “Made It” >$750M 8 7 20 45 $500-$750M $250-$500M $50-$250M Legendary Companies
  • 32. 2009 in Perspective IPO M&A 8 7 20 45
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Notas del editor

  1. Opentable: $600M Solarwinds: $1.4B LogMeIn $425M Springsource:$420M Mint, Paycycle: $170M mxlogic: $140M