Remove 1998 Remove Business Model Remove Customer Development Remove Engineer
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Why Pioneers Have Arrows In Their Backs

Steve Blank

The irony is that in a retrospective paper ten years later (1998), [ 2 ] the authors backed off from their claims. Using this idea to differentiate themselves as the hot new Silicon Valley VCs, some of his former business school students made this phrase their rallying cry. Implicit Customer Discovery and Validation in Fast Followers.

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New Rules for the New Internet Bubble

Steve Blank

VC’s engineered financial transactions, working with entrepreneurs to brand, hype and take public un profitable companies with grand promises of the future. Customer Development , Agile Engineering and the Lean methodology enforced a process of incremental and iterative development. The New Exits.

Internet 334
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The Lean Entrepreneur is here

Startup Lessons Learned

PayPal, under the leadership of David Marcus and Bill Scott, re-defining and re-engineering itself by embracing Lean Startup to improve the product experience. My personal background was as an engineer and my companies had been Web-based startups, so that is what I wrote about. Plenty of venture capitalists advised me against it.

Lean 167
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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. GroupOn’s engine that turned capital into revenue growth was a form of force-feeding rather than building a product).

IPO 240
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Finding Technical Cofounders Is Hard

rob.by

He argued that software engineers don’t finish what they start, and that you’re better off paying a technical person than partnering with one. He picked engineers who were technically-driven but not entrepreneurially-driven. He picked engineers who weren’t comfortable taking risks as great as he wanted to take.

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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. But Iridium’s business model assumptions were fixed like it was still 1990. No Business Plan Survives First Contact With A Customer. Business plans are the leading cause of startup death. iridium satellite network.