Steve Blank

article thumbnail

Founders Need to Be Ruthless When Chasing Deals

Steve Blank

One of the most exciting things a startup CEO in a business-to-business market can hear from a potential customer is, “We’re excited. When can you come back and show us a prototype?” This can be the beginning of a profitable customer relationship or a disappointing sinkhole of wasted time, money, resources, and a demoralized engineering team. It all depends on one question every startup CEO needs to ask.

Founder 325
article thumbnail

Is a $100 Million Enough?

Steve Blank

Capitalism has been good to me. After serving in the military during Vietnam, I came home and had a career in eight startups. I got to retire when I was 45. Over the last quarter century, in my third career, I helped create the methods entrepreneurs use to build new startups, while teaching 1,000’s of students how to start new ventures. It’s been rewarding to see tech entrepreneurship become an integral part of the economy and tech companies become some of the most valued companies in the world.

Vietnam 179
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leaving Government for the Private Sector – Part 2

Steve Blank

Laura Thomas is a former CIA operations officer. Reading how she moved in 2021 from CIA ops to a quantum technology company offered insightful career transition advice for those leaving her agency. Most of her lessons were applicable to any government employee venturing out to the private sector. Below is the second of her three-part series. Read part one here.

article thumbnail

Lean Meets Wicked Problems

Steve Blank

This post previously appeared in Poets & Quants. I just spent a month and a half at Imperial College London co-teaching a “Wicked” Entrepreneurship class. In this case Wicked doesn’t mean morally evil, but refers to really complex problems, ones with multiple moving parts, where the solution isn’t obvious. (Understanding and solving homelessness, disinformation, climate change mitigation or an insurgency are examples of wicked problems.

Lean 294
article thumbnail

Startups That Have Employees in Offices Grow 3½ Times Faster

Steve Blank

Comments

Employee 431
article thumbnail

The 6th Lean Innovation Educators Summit – Education and Innovation in the Age of Chaos and Disruption

Steve Blank

Join Jerry Engel , Pete Newell , and Steve Weinstein for the sixth edition of the Lean Innovation Educators Summit December 14, 1-4 pm Eastern Time, 10 am-1 pm Pacific Time. Register here. — This virtual gathering will bring together entrepreneurship educators from around the world who are putting Lean Innovation to work in their classrooms, accelerators, venture studios, and student-driven ventures.

Lean 332
article thumbnail

Artificial Intelligence and Machine Learning– Explained

Steve Blank

Artificial Intelligence is a once-in-a lifetime commercial and defense game changer. (download a PDF of this article here ). Hundreds of billions in public and private capital is being invested in Artificial Intelligence (AI) and Machine Learning companies. The number of patents filed in 2021 is more than 30 times higher than in 2015 as companies and countries across the world have realized that AI and Machine Learning will be a major disruptor and potentially change the balance of military powe