1 The Venture Builder

(Entry)

IRL1: Complete First-Pass Business Model Canvas

IRL2: Identify target market, market size/competitive analytics

IRL3: Problem/Solution Defined, clarify and validated

IRL4: Prototype Low Fidelity MVP

IRL5: Validate Product/Market Fit

IRL6: Validate right side of canvas

IRL7: Prototype high fidelity MVP

IRL8: Validate left side of canvas

IRL9: Validate metrics that matters

(Mature)

steveblank.com

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class t…