Steve Blank

MARCH 31, 2011

Over the last decade we assumed that once we found repeatable methodologies (Agile and Customer Development , Business Model Design) to build early stage ventures, entrepreneurship would become a “science,” and anyone could do it. Founders fit the definition of a creator: they see something no one else does.

Agile 332

Agile Customer Development Early Stage Business Model 332

Steve Blank

OCTOBER 30, 2012

The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual. Your team arrives with an initial Business Model Canvas. You’ll learn about the business model canvas.

Startup 335

Startup Lean Incubator Business Model 335

Steve Blank

SEPTEMBER 1, 2021

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. And they also recognize that simply exploiting their existing assets, capabilities, and business models is insufficient for long-term survival.

Incubator 402

Incubator Lean Agile Business Model 402

Steve Blank

FEBRUARY 25, 2010

Customer Development is a technique startups use to quickly iterate and test each part of their business model. How you execute Customer Development varies, depending on your type of business. In my book, “ The Four Steps to the Epiphany ” I use enterprise software as the business model example.

Customer Development 266

Customer Development Web Developer Customer 266

Steve Blank

JULY 13, 2021

Neither cases nor business plans replicate the actual startup experience. Cases and plans are useful for teaching managers of process, not founders. Founders of startups (and new ventures inside existing companies) are searching for product/market fit and a repeatable and scalable business model. experiential.

Lean 433

Lean Agile Business Model Business Plan 433

Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. The next customer segment we tried was startup founders.

Lean 315

Lean Customer Development Sales Cycle Business Model 315

Steve Blank

NOVEMBER 15, 2010

In previous posts I’ve talked about what the combination of Business Model Design, Customer Development and Agile Methodologies mean to startups and intrapreneurs in large companies; it’s the beginning of entrepreneurship as a science with its own rules and methodologies. Teaching In the Big Apple.

Customer Development 270

Customer Development Business Model Developer Design 270

Steve Blank

MAY 17, 2010

At best I think business plan competitions are a waste of time. Business Plan Versus Business Models. Where did the idea that startups write business plans come from? A simple way to think about it is that in a startup no business plan survives first contact with customers. What did you build/do?

Business Plan 312

Business Plan Business Model Customer Development Deal Flow 312

Steve Blank

OCTOBER 24, 2016

Services (Cloud, ads, music) have a very different business model. Ballmer and Microsoft failed because the CEO was a world-class executor (a Harvard grad and world-class salesman) of an existing business model trying to manage in a world of increasing change and disruption. What’s Missing? They remain entrepreneurs.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

OCTOBER 24, 2016

Services (Cloud, ads, music) have a very different business model. Ballmer and Microsoft failed because the CEO was a world-class executor (a Harvard grad and world-class salesman) of an existing business model trying to manage in a world of increasing change and disruption. What’s Missing? They remain entrepreneurs. .

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Hearpreneur

OCTOBER 10, 2023

2- Yes, to build a customer-centric business model Photo Credit: David Brewer We based and built it around the idea that our industry could, and should do better and that was the model that we were going to implement that idea as our core objective. Thanks to Evan Tunis, Florida Healthcare Insurance ! #2-

Business Plan 126

Business Plan Jordan Entrepreneur Florida 126

Steve Blank

MAY 7, 2019

Modern entrepreneurship began at the turn of this century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. This new framework can act as the front-end of Customer Development.

Lean 333

Lean Marketing Agile Customer Development 333

Steve Blank

AUGUST 27, 2012

What I saw reminded me of some of the best and worst things I did as a founder. Tossing their agile development process and at times their entire business model in the air, the company would go into fire-drill mode and engineering would start working on whatever his latest insight was. A Pivot a Week. he’d declare. “We

Founder 316

Founder Cofounder Advisory Board Burn Rate 316

Startup Professionals Musings

MARCH 7, 2016

Founders soon learn that customers only spend real money for solutions rather than ideas. Success requires moving your passion quickly from the idea to the business implementation. Continuous improvement applies to the business model as well as the product. Enable team members to run the business as their own.

Technical Review 120

Technical Review Architecture Agile Business Model 120

Steve Blank

JUNE 3, 2010

They start with an innovation, search for a repeatable business model, build the infrastructure for a company, then grow by efficiently executing the model. outpace an existing company’s business model. You want to start executing the business model. Companies have a fairly predictable life cycle.

Search 242

Search Agile Customer Development Technical Review 242

Steve Blank

JUNE 8, 2021

While all the teams used the Mission Model Canvas , (videos here ), Customer Development and Agile Engineering to build Minimal Viable Products, each of their journeys was unique. Tom Bedecarré , the founder and CEO of AKQA, the leading digital advertising agency. He runs H4X Labs. Jeff served in the U.S.

Lean 385

Lean Security Asia SBIR 385

Steve Blank

NOVEMBER 13, 2018

I was agile enough to keep up with innumerable changes and I was changing lots of things myself. They go from organizations struggling for survival as they search for product/market fit, to building a repeatable and scalable business model, and then growing to profitability. Declare them cultural co-founders.

Part-Time VPE 333

Part-Time VPE Employee Cofounder Community 333

Startup Professionals Musings

MARCH 22, 2023

For example, founder Blake Mycoskie of TOMS shoes inspired everyone by highlighting and effectively communicating the higher purpose from of helping the needy by donating a pair of shoes for every pair sold. Amazon and Jeff Bezos credit much of their growth and success to incenting innovative business “experiments.”

Metrics 279

Metrics Startup Agile Salary 279

The Startup Magazine

FEBRUARY 5, 2024

Sandrina Postorino , an MBA graduate who champions this movement as the Managing Director of Trinity Ventures , has made her philosophy real by investing in businesses that benefit both Earth and the economy equally. MBA graduates driving sustainable change are inspiring.

Global 128

Global Programming Non-Compete Agile 128

Steve Blank

JULY 25, 2023

Now at Imperial College Business School and Co-Founder of the Wicked Acceleration Labs , Cristobal and I wondered if we could combine the tenets of Lean (get out of the building, build MVPs, run experiments, move with speed and urgency) with the expanded toolset developed by researchers who work on Wicked problems and Systems’ Thinking.

Lean 294

Lean Chile Ukraine Spain 294

Steve Blank

APRIL 7, 2020

The classes are built on the Lean Startup methodology: Customer Discovery, Agile Engineering and the Business/Mission Model Canvas. Talking to customers seems like a simple idea, but most founders find it’s one of the hardest things they have to do. Your Business Model and the World Have Changed.

Customer 413

Customer Business Model Restful Video 413

Steve Blank

MARCH 31, 2014

The first will be commodity businesses that are valued for their ability to execute their current business model. The second class will be firms with a demonstrated ability to continually innovate and reinvent their business models. These innovations do not require change in a company’s existing business model.

Private Equity 325

Private Equity Metrics China Business Model 325

Steve Blank

JUNE 26, 2015

The first, the notion of the “ ambidextrous organization ” from O’Reilly and Tushman , posits that companies that want to do continuous innovation need to execute their core business model while innovating in parallel. Horizon 1 activities support existing business models. Horizon 1 is the company’s core business.

Lean 120

Lean Management Business Model Customer Development 120

Steve Blank

AUGUST 31, 2009

Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. To begin with, the product development model completely ignores a fundamental truth about startups and new products.

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Steve Blank

JANUARY 28, 2020

They operated this way because their existing business models didn’t allow them to initially profit from those opportunities – so they ignored them – and continued to chase higher profitability in more-demanding segments. Therefore, for founders, entrepreneurship wasn’t a job, but a calling.

Lean 428

Lean Business Model Government Agile 428

Steve Blank

MARCH 29, 2010

The key things I want students to take from the class are: Understand that a startup is a temporary organization designed to search for a profitable business model. Learn how to put together a business model , not a business plan. Class Logistics. As described in the previous post , this is a hands-on class.

Business Model 226

Business Model Silicon Valley California Engineer 226

Steve Blank

MARCH 5, 2012

One of the confusing things to entrepreneurs, investors and educators is the relationship between customer development and business model design and business planning and execution. When does a new venture focus on customer development and business models ? Here’s an attempt to put this all in context.

Search 320

Search Business Model Customer Development Agile 320

Steve Blank

JUNE 12, 2020

All the teams used the Mission Model Canvas , (videos here ) Customer Development and Agile Engineering to build Minimal Viable Products, but all of their journeys were unique. Tom Bedecarré the founder and CEO of AKQA, the leading digital advertising agency. He runs H4X Labs. Jeff Decker a Stanford social science researcher.

Oakland 301

Oakland Asia Lean Video 301

YoungUpstarts

NOVEMBER 26, 2020

by Hema Crockett and Jamie Jacobs, co-founders of Gig Talent and authors of “ Designing Exceptional Organizational Cultures: How to Develop Companies where Employees Thrive “ We’re seeing it happen day by day. Plus, if your business model and strategy are shifting, shouldn’t your talent strategy pivot too?

Cofounder 246

Cofounder Hiring Agile Employee 246

Startup Professionals Musings

JUNE 10, 2020

As a business investor, I look for investments where I see founders really holding their people accountable for their actions. More importantly, I look for entrepreneurs and owners like you who are not afraid to hold themselves accountable for the success of the business.

Advisory Board 283

Advisory Board Due Diligence Retention Agile 283

Steve Blank

OCTOBER 24, 2017

Why do these founders get to stay around? Because the balance of power has dramatically shifted from investors to founders. VCs competing for unicorn investments have given founders control of the board. — all great things when you are executing and scaling a known business model. Board Control.

Founder 245

Founder Technical Review CTO Hire IPO 245

Steve Blank

JANUARY 25, 2010

In this post we’re going to offer a new definition of why startups exist : a startup is an organization formed to search for a repeatable and scalable business model. A Business Model. Ok, but what is a business model ? A business model describes how your company creates, delivers and captures value.

Agile 335

Agile Startup Silicon Valley Business Model 335

Steve Blank

NOVEMBER 11, 2010

A place to start would be by recognizing the fundamental difference between an existing company and a startup: existing companies execute business models, while startups search for a business model. (Or Therefore the very foundations of teaching entrepreneurship should start with how to search for a business model.

Agile 250

Agile Business Model Customer Development Lean 250

Steve Blank

MARCH 29, 2012

for A Repeatable and Scalable Business Model. Pair Customer Development with Agile Development. Failure is an Integral Part of the Search for the Business Model. Success Begins with Buy-In from Investors and Co-Founders. No Business Plan Survives First Contact with Customers.

Customer Development 328

Customer Development Developer Customer Agile 328

Startup Lessons Learned

SEPTEMBER 15, 2008

But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste. So far, I have found "lean startup" works better with the entrepreneurs Ive talked to than "agile startup" or even "extreme startup.") Of course, many startups are capital efficient and generally frugal.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Jonathan Swift.

Silicon Valley 290

Silicon Valley Venture Capital Business Model Balance Sheet 290

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Jonathan Swift.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258