Steve Blank
JANUARY 30, 2013
With hindsight we should have had “proof of concepts” tested in a corporate center (think ‘pop-up incubator’) where they would do extensive Customer Discovery. Eventually Qualcomm did create a corporate incubator to handle projects beyond the scope of traditional R&D, yet too early to hand-off to existing business unit).
Startup Professionals Musings
NOVEMBER 11, 2020
This place is often called an incubator or accelerator, or just a group of peers. One of the most successful incubators is Y Combinator in Silicon Valley. Commitment, tenacity, and agility are key in this stage. An occasional discussion with a mentor won’t do it. You need to feel the passion of others in the same stage.
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Steve Blank
SEPTEMBER 5, 2013
While our teams have mentors, socialize a lot and give great demos, the goal of our class final presentations is “ Lessons Learned ” – about product/market fit, pricing, acquisition/activation costs, pricing, partners, etc. Here’s the story of one such team; Jonathan Wylie, Lakshmi Shivalingaiah and the Evoke team.
Steve Blank
OCTOBER 19, 2020
Acquisition, technology, and logistics. In some of our class sessions you’ve heard about how acquisition in the Department of Defense hasn’t kept up with new threats, adversaries, and new technologies. But Will Roper who runs Air Force acquisition, technology and logistics, gives lie to that assertion. Technology is what it is.
Steve Blank
OCTOBER 24, 2017
However, there was no way for founders to share this information with other founders (this was life before the Internet, incubators and accelerators). Incubators and accelerators like Y-Combinator have institutionalized experiential training in best practices (product/market fit, pivots, agile development, etc.);
Steve Blank
NOVEMBER 25, 2013
Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. We now have the tools, technology and data to take incubators and accelerators to the next level. We think we can do better.
Steve Blank
MARCH 4, 2014
These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. KPI’s and processes are the root cause of corporations’ inability to be agile and responsive innovators.
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