nhe Flashcards
1
Q
What’s the difference between large companies and startups and their relationship with business models?
A
Large Companies execute known Business Models
Startups search for unknown Business Models
2
Q
What is a stratup?
A
A Startup is a temporary organization designed to search for a repeatable and
scalable business model
3
Q
Why do sartups fail?
A
Startups fail because they confuse search with execute
4
Q
What are the steps in creating a startup?
A
To create a Startup Explore a sector Find a problem (validate the problem) Search for a solution (validate it) Build a business model around it And validate business model
5
Q
What’s the philosophy of starup?
A
Design - Iterate/Pivot - Scale
Continuous customer interaction
6
Q
What’s the Business Model Prototyping
A
Napkin sketch - canvas - business case - field test
