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Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

To create a valuable business model, focus on reducing customer acquisition costs while enhancing customer lifetime value through retention and upselling strategies.

Video

Harvard i-lab | Startup Secrets: Business Model

@ Harvard Innovation Labs

Harvard i-lab | Startup Secrets: Business Model

02/02/14

Related Takeaways

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Understanding your business model involves figuring out how to create value, deliver it, and harness it effectively, which is crucial for both profit and sustainability.

Michael Skok

03/25/23

@ Harvard Innovation Labs

The essence of a successful business model is understanding how to create and deliver value sustainably, and if you don't understand your customer's needs, your business can face significant challenges and even risk failure.

Vlad Tenev

05/24/24

@ The Logan Bartlett Show

We focus on delivering a strong financial model and rigorous analysis to ensure our customer acquisition costs and lifetime values are accurate.

Harvard Innovation Labs Cast

06/12/13

@ Harvard Innovation Labs

To build a successful business model, design your product to reduce costs and friction in the go-to-market process, ensuring it aligns with market needs.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

The real cost of building a company lies in reaching customers, which is why understanding and optimizing the business model is crucial.

Michael Skok

03/25/23

@ Harvard Innovation Labs

A business model is how you create, deliver, and capture value sustainably.

Olivier Pomel

06/14/24

@ The Logan Bartlett Show

Pricing strategy should focus on delivering value to customers, pushing the company to improve continuously rather than adopting a low-cost model that may compromise long-term viability.

Y Combinator Cast

08/23/24

@ Y Combinator

For a company to build lasting value, it must ensure customer retention over time, as future cash flows are essential for establishing enterprise value.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

The business model should focus on creating addiction to the product before adoption, ensuring customers are engaged early on.