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Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Most entrepreneurs mistakenly believe that having a breakthrough product alone will guarantee success, neglecting the importance of a solid business model.

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

The business model is a critical component of your startup's success, and it should be considered alongside product innovation and market strategy.

Michael Seibel

11/29/18

@ Y Combinator

Many entrepreneurs mistakenly believe that they need to raise funds and outsource their MVP, but this often leads to expensive iterations and a lack of progress.

Dalton Caldwell

04/18/24

@ Lenny's Podcast

Many founders mistakenly focus on complex growth strategies instead of simply getting their first customer and validating their idea.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Many successful businesses today thrive not because of technological breakthroughs but due to disruptive business models that change the game.

Brad Flora

08/27/22

@ Y Combinator

Founders sometimes mistakenly believe they should sell to startups just because other successful companies did, without understanding the unique challenges involved.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

A successful business model can create a perfect storm for startups, making it difficult for competitors to catch up if you target an untapped market effectively.

Sam Altman

08/30/18

@ Y Combinator

Founders need to have a sensible business model in mind, as being unable to answer how they will make money is a bad sign.

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.

Garry Tan

05/21/25

@ Vanta

The primary reason startups fail is that they don't create something people want, either by making the wrong product or failing to make anything at all.