Steve Blank

OCTOBER 10, 2011

There’s a safety net in almost every part of one’s public and private life – health insurance, free college tuition, unions, collective bargaining, fixed work hours, etc. And what’s great for the mass of society – a government safety net verging on the ultimate nanny state – makes it impossible to fail.

Finland 324

Finland Naming Russia Government 324

Steve Blank

MARCH 31, 2014

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Instead of measuring success in dollars of profit, …firms focus on measuring capital efficiency. Perhaps that’s because where established companies might see risks or threats, startups see opportunity.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

APRIL 10, 2009

Reply Broadening my Reading: 10 Sources I’ve Come to Love « Man in the net :: Ontology :: Semantic :: Knowledge , on December 30, 2009 at 1:13 am Said: [.] Blank provides another decision-making heuristic: Think of decisions of having two states: those that are reversible and those that are [.] Good Enough Decision Making [.]

Silicon Valley 300

Silicon Valley RSS Startup Agile 300

Steve Blank

JUNE 23, 2016

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. For the first 75 years of the 20 th century, when capital for new ventures was scarce, the smartest engineering talent went to corporate R&D labs.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

JUNE 4, 2012

million) of the 15 million net new jobs created between 1993 and 2009. The reality is that the United States is still a nation of small businesses. of the ~6 million companies in the U.S. have less than 500 people and they employ 50% of the 121 million workers getting a paycheck. They accounted for 65 percent (or 9.8

Silicon Valley 305

Silicon Valley Lean Utah Customer Development 305

Steve Blank

MARCH 17, 2020

Subtract your monthly gross burn rate from your monthly revenue to get your net burn rate. Next, take a look at your actual revenue each month – not forecast, but real revenue coming in each month. If you’re an early stage company, that number may be zero. If you’re making more money than you’re spending, you have positive cash flow.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Steve Blank

JULY 11, 2016

I had $3,000 in the bank and I was sending my parents money, so there was no support, no safety net at all. And, Pitch Johnson who was the chairman of the board at Boole & Babbage and a venture capitalist, took me around and introduced me to every venture capital firm in Silicon Valley at the time.

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Silicon Valley Entrepreneur Cofounder Customer Development 120