Building a Business Model

By Cadence

October 2, 2017

You know how you sometimes say "the other day" as if it was last week, or maybe the week before, when actually it was several months ago? Well, the other day, I attended a presentation by Garage Technology Ventures on The Art and Science of Building Your Business Model. It was presented by Bill Reichert, who is the managing director there. He is also the creator of The Art of Startup Finance, part of the Kaufman Founders School. The focus is on building a business strategy with a clear pathway to profits.

Bill started off by giving a little of his background. He started as a graduate student, before doing startups so young was fashionable. He started a software company, which back then meant you had to write a business plan, since you needed to raise money to even get started, unlike today's lean startup environment where you just need a couple of laptops (and some ramen). But that company crashed and burned. So he did it again, and the second time the company went public.

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