Startup Professionals Musings

NOVEMBER 27, 2015

But for startups with limited resources and experience, I always recommend a soft launch or toe-in-the-water approach in a local market -- and scale up later. In fact, for startups, it usually makes sense to announce your solution on social media and blogs even before you have built the first one. Maximum agility for required pivots.

Hockey Stick 120

Hockey Stick Startup Stealth Agile 120

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. Team Neurosmart – Optimizing Performance of Special Operators. Team Salus – Patching Operational Systems to Keep them Secure.

Lean 413

Lean Security Asia SBIR 413

Steve Blank

OCTOBER 15, 2019

Once upon a time every great organization was a scrappy startup willing to take risks – new ideas, new methods, new customers, targets, and mission. And by product, I mean the creation of new hardware, services, software, tools, operations, tradecraft, etc. Companies Run on Process. Process Versus Product.

Government 320

Government Technical Review Acquisition Metrics 320

Steve Blank

SEPTEMBER 1, 2021

You think startups are hard? 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. In sharp contrast, start-ups operate in “search/ explore ” mode, seeking a repeatable and profitable business model.

Incubator 416

Incubator Lean Agile Business Model 416

Startup Professionals Musings

MARCH 22, 2023

Jeff Bezos now manages Amazon, which encompasses over 40 subsidiaries and operates worldwide. For some people, business is just a job, whereas with ownership thinking, your business health is the real measure of your personal success and growth. Your personal goal is to succeed in business.

Metrics 279

Metrics Startup Agile Salary 279

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

Intellectual Property 287

Intellectual Property Lean IP Open Source 287

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. Some men see things as they are and ask why. Others dream things that never were and ask why not.

Agile 333

Agile Customer Development Early Stage Business Model 333

Steve Blank

OCTOBER 24, 2016

Microsoft left the 20 th century owning over 95% of the operating systems that ran on computers (almost all on desktops). Services (Cloud, ads, music) have a very different business model. Microsoft executed its 20 th -century business model extremely well, but it missed the new and more important ones.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

OCTOBER 24, 2016

Microsoft left the 20 th century owning over 95% of the operating systems that ran on computers (almost all on desktops). Services (Cloud, ads, music) have a very different business model. Microsoft executed its 20 th -century business model extremely well, but it missed the new and more important ones.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

JULY 13, 2021

By the end of the 20th century entrepreneurship education fell into two categories: 1) starting small businesses and 2) starting high-growth, high-risk scalable startups. But both types of entrepreneurship courses were taught using case studies and taught students how to write and execute a business plan.

Lean 436

Lean Agile Business Model Business Plan 436

The Startup Magazine

SEPTEMBER 27, 2023

The year 2024 is right around the corner, and with it comes many new opportunities and challenges for startups. As the business world continues to evolve rapidly, staying ahead of the curve is essential for success.

Startup 142

Startup Analytics Global Agile 142

ReadWriteStart

APRIL 8, 2023

Automation, Chatbots, AR, and AI Reign: the Future is Already Here Read more: 5 Reasons Why AR is the Future of Online Shopping Automation makes business operations flow smoothly without encountering technical difficulties. It also improves employees’ productivity by allowing them to focus on vital business operations.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Steve Blank

JANUARY 30, 2013

Entrenched Innovation Model Issues : Qualcomm’s existing innovation model – wireless products were created in the R&D lab and then handed over to existing business units for commercialization – was wildly successful in the existing wireless and mobile space. Venture Fest was not integral to their success.

Programming 270

Programming Technical Review Incubator Intellectual Property 270

Hearpreneur

OCTOBER 10, 2023

In the realm of great business ideas, a well-crafted business plan takes center stage. It's your persuasive pitch to potential investors, outlining your startup's objectives and profitability strategy. As a dynamic document, it remains rooted in your business's core objectives while flexibly responding to change.

Business Plan 129

Business Plan Jordan Entrepreneur Florida 129

Startup Professionals Musings

MARCH 7, 2016

Every startup begins with an idea, but from that point forward, it’s all about execution. Success requires moving your passion quickly from the idea to the business implementation. Success requires moving your passion quickly from the idea to the business implementation. Enable team members to run the business as their own.

Technical Review 120

Technical Review Architecture Agile Business Model 120

Steve Blank

JUNE 26, 2015

In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. Gore , I’ve found two corporate strategy tools developed by other smart people helpful in bridging Lean Startups with Corporate Innovation.

Lean 120

Lean Management Business Model Incubator 120

Steve Blank

MARCH 4, 2014

In the last few years we’ve recognized that a startup is not a smaller version of a large company. We’re now learning that companies are not larger versions of startups. But paradoxically, in spite of all their seemingly endless resources, innovation inside of an existing company is much harder than inside a startup.

IRR 335

IRR Startup Business Model Agile 335

Startup Professionals Musings

JULY 20, 2022

For most businesses, that means a culture of thinking outside your comfort zone , and planning change before a crisis hits. By definition, new startups have to do this to even have a shot at funding from venture capitalists and survival, but I find that existing companies often rest on their laurels far too long.

Silicon Valley 367

Silicon Valley Artificial Inteligence Global Agile 367

Startup Lessons Learned

SEPTEMBER 15, 2008

Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. After some trial and error, Ive settled on the Lean Startup. Of course, many startups are capital efficient and generally frugal.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Steve Blank

MARCH 31, 2014

In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. Apple owned 0%.

Private Equity 329

Private Equity Metrics China Intellectual Property 329

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. I observed that teaching case studies and/or how to write a business plan as a capstone entrepreneurship class didn’t match the hands-on chaos of a startup.

Oakland 313

Oakland Asia Lean Video 313

Steve Blank

NOVEMBER 13, 2018

If you’re an early employee at a startup, one day you will wake up to find that what you worked on 24/7 for the last year is no longer the most important thing – you’re no longer the most important employee, and process, meetings, paperwork and managers and bosses have shown up. I know a change is going to come. That doesn’t scale.”

Part-Time VPE 334

Part-Time VPE Employee Cofounder Hiring 334

Startup Professionals Musings

SEPTEMBER 13, 2023

Even these have had their ups and downs, but credit their team culture with a mindset of being innovative and agile, compared to the more prevalent corporate culture of focus on profits, repeatable processes, minimal risk, and business as usual. Be sure to address all three domains of empathy : emotional, cognitive, and compassionate.

Agile 294

Agile Acquisition Analytics Restful 294

YoungUpstarts

OCTOBER 20, 2017

by Amanda Setili, author of “ Fearless Growth: The New Rules to Stay Competitive, Foster Innovation, and Dominate Your Markets “ Growth has always been fundamental to business success, but it’s never been more critical than it is now. In short, they operate confidently in uncertainty. Not anymore. and Malaysia.

Technical Review 147

Technical Review Malaysia Agile Employee 147

Steve Blank

JANUARY 28, 2020

The focus on sustaining products leaves an opening for new startups with “good enough” products (and willing to initially take lower profits) to enter underserved or unserved markets. Building better startups. After retiring I began to think about the nature of startup innovation and entrepreneurship.

Lean 431

Lean Business Model Government Agile 431

Steve Blank

JULY 25, 2017

06:30 The difference between large companies and startups. 07:13 The Lean Startup Lightbulb moment. 07:44 An MBA meant Master of Business Administration. 08:18 Agile Development and Lean – Eric Ries. 09:05 Business Model Canvas – Alexander Osterwalder. 17:41 Innovation Theater.

Agile 257

Agile Lean Government Stock 257

Steve Blank

MAY 23, 2016

In every startup I did, every new course I created, and everything I’ve taught, the phrase “make every day count” took on new meaning when I knew how many were left. When I retired after 21 years working in 8 startups, I was invited to be a guest lecturer at the business school at the University of California Berkeley.

Lean 223

Lean Technical Review Vietnam Engineer 223

Steve Blank

AUGUST 23, 2010

It reminded me of the differences in Customer Discovery between a scalable startup and a big company. The bad news is that the meetings become far more formal and more crowded, than one that a startup would have. Rather, it is a organization searching for a business model (inside a company that’s executing an existing one.)

Customer Development 238

Customer Development Developer Customer South America 238

Steve Blank

FEBRUARY 23, 2016

As we prepared for the new Hacking for Defense class at Stanford, we had to stop and ask ourselves: How do we use the Business Model Canvas if the primary goal is not to earn money, but to fulfill a mission? In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue?

Business Model 120

Business Model Revenue Channel Community 120

ReadWriteStart

SEPTEMBER 8, 2020

Among its many implications, the digital office means that jobs don’t necessarily need to be done in-person, and today’s startup leaders are realizing that many projects can be done at a lower cost remotely, without any drop in quality. Still, COVID-19 helped tip the balance towards a globally distributed model.

Distribution 145

Distribution Global Agile Startup 145

The Startup Magazine

NOVEMBER 11, 2020

Business Insider reports that chain restaurants across the country are closing more than 1800 outlets. Some companies, most noticeably providers of storage pods and smaller, more agile enterprises can change their business model and adapt to the changing economy. Recovery is a certainty. Look For Proactive Ideas.

Business Model 158

Business Model Agile Analytics Demand 158

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 324

Search Business Model Customer Development Agile 324

Steve Blank

SEPTEMBER 13, 2010

I had coffee with an ex student earlier in the week that reminded me yet again why startups burn through so many early VP’s. Here’s one possible explanation – Job titles in a startup mean something different than titles in a large company. Companies Have Titles to Execute a Known Business Model.

Startup 317

Startup Business Model Customer Development Bandwidth 317

Steve Blank

JUNE 23, 2016

Disruptive innovations are coming from startups – Telsa for automobiles, Uber for taxis, Airbnb for hotel rentals, Netflix for video rentals and Facebook for media. These resulting business models made them look incredibly profitable. They knew how to execute the current business model.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

DECEMBER 7, 2010

I’ve introduced a new class at Stanford to teach engineers, scientists and other professionals how startups really get built. Business schools teach aspiring executives a variety of courses around the execution of known business models, (accounting, organizational behavior, managerial skills, marketing, operations, etc.).

Wiki 316

Wiki Lean Management Business Model 316

Steve Blank

MARCH 18, 2011

What are they, how do they differ and what can startup do to take advantage of them? Paths to Liquidity: a quick history of the four waves of startup investing. The Golden Age (1970 – 1995): Build a growing business with a consistently profitable track record (after at least 5 quarters,) and go public when it’s time.

Internet 335

Internet IPO Silicon Valley Agile 335

YoungUpstarts

NOVEMBER 8, 2018

Driveway rentals were taking off, and a few different startup companies were vying for the custom of Britain’s motorists. To survive in a crowded marketplace, businesses had to pool their resources, so they could operate more efficiently and capture more of the market share. So many startups falter when the coffers dry up.

Cofounder 127

Cofounder Agile Business Model Operations 127