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Is the Lean Startup Dead?

Steve Blank

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim. And it may work.

Lean 335
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21 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

We asked some entrepreneurs and business owners, why they started their businesses: #1- After a disappointment on my biggest day. After taking several years away from having a normal law firm employer to help family, while working as a freelance lawyer & writer for other law firms, the job market for lawyers was terrible.

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Why Build, Measure, Learn – isn’t just throwing things against the wall to see if they work

Steve Blank

Back then, an entrepreneur used a serial product development process that proceeded step-by-step with little if any customer feedback. And too often, after months or even years of development, entrepreneurs learned the hard way that customers were not buying their product because they did not need or want most of its features.

Lean 120
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Why Average VC Returns Don’t Really Matter

Agile VC

And even if they wanted the index return, there is essentially no way to buy (or sell) a broad-based basket of VC funds in the way you can trade the S&P 500 or Russell 2000 or other public equity index. Startup outcomes are a power law distribution rather than a standard distribution. What about fund of funds (FoF), you ask?

LP 176
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ESADE Business School Commencement Speech

Steve Blank

I’m honored to be at a university noted for knowledge, and in a city with 2000 years of history – home of Gaudí one of the 20 th century’s greatest innovators. I like the guy because he’s credited with coining the word entrepreneur. Think about this; 7 years ago Nokia owned 50% of the handset market. Now look around.

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Can You Trust Any vc's Under 40?

Steve Blank

One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. There’s lots of lore, emotion, and misconceptions of what VC’s do or don’t do for entrepreneurs. While there was an occasional bad apple, the public markets rewarded companies with revenue growth and sustainable profits.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

And so it happened that between 2000-2008 I was the biggest buzz kill at dinner parties. While many of my friends bragged about their 5 condos in Florida I kept talking about how the real estate market was in a bubble – their gains an illusion. “Yeah, but there is a shortage of supply.

Florida 299