BLANK: A STARTUP IS A SEARCH FOR A BUSINESS MODEL (1) SEARCH: Search for a busin

https://www.youtube.com/watch?v=1RTcXwJuCaUSTEVE BLANK: A STARTUP IS A SEARCH FOR A BUSINESS MODEL

(1) SEARCH: Search for a business model (Founders from dysfunctional families have an edge in the search for a business model.) BUT: The day your company finds that business model, the VCs see you as valuable, and they want to know if you’re the executive to take them to liquidity – operating execs.

(2) BUILD An operating exec knows how to scale a company from startup to scaled production. Build out the team.

(3) EXECUTE: Execute on your business model.

These may be three different people.

FOUNDERS RUN PATTERN RECOGNIZERS

At the end of the day it is not a spreadsheet problem. We are looking for opportunities to develop patterns. It is not about execution based upon numbers, but it is at finding and SEIZING opportunities, and turning them into business models.