Steve Blank

APRIL 10, 2009

That’s why startups are agile. Startups that are agile have mastered one other trick – and that’s Tempo – the ability to make quick decisions consistently over extended periods of time. Reply Lots of low cost experiments « Open Ambition , on April 22, 2009 at 8:58 am Said: [.]

Silicon Valley 302

Silicon Valley RSS Startup Agile 302

Startup Professionals Musings

DECEMBER 27, 2014

Based on the best evidence I can find, the genesis of this trend and the advantages come from several evolutionary changes in the startup investment industry, and some innovations driven by the recent recession: Venture capital funds are still recovering from the recession. The cost of entry for tech startups continues to go down.

Angel Investor 260

Angel Investor Silicon Valley Startup Portfolio 260

Steve Blank

MARCH 31, 2014

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. For example they can reduce component cost, introduce a line extension or create new versions of the existing product. These innovations do not require change in a company’s existing business model.

Private Equity 326

Private Equity Metrics China Intellectual Property 326

Steve Blank

AUGUST 5, 2010

Consumer Internet investing seems to have split off from traditional Venture Capital, and is creating a new category of VC’s: Lean VC’s. I think you can blame Customer and Agile Development for a small part of it. Electron-based Venture Capital. Here’s why.

Lean 260

Lean Internet Silicon Valley Venture Capital 260

Steve Blank

JULY 25, 2011

The goal was commercial products, but as scientists and engineers the company’s founders realized that at times the cost of experimentation was failure. government backed venture firms and limited partnerships. A wave of innovation was about to meet a pile of risk capital. Filed under: Lean LaunchPad , Venture Capital.

Engineer 307

Engineer Silicon Valley United States Venture Capital 307

Steve Blank

NOVEMBER 12, 2009

After these slides, these VC’s recognized that this company had dramatically reduced risk and built a startup that was agile, resilient and customer-centric. Brendan McManus said: “Lessons Learned” – A New Type of Venture Capital Pitch [link] #startup #advice [.] Lessons Learned” – A New Type of Venture Capital Pitch [.]

Venture Capital 218

Venture Capital Silicon Valley RSS Hockey Stick 218

Steve Blank

MARCH 18, 2011

Over time, open source software the rise of the next wave of web startups and the embrace of Agile Engineering meant that startups no longer needed millions of dollars to buy specialized computers and license expensive software – they could start a company on their credit cards. Filed under: Technology , Venture Capital.

Internet 334

Internet IPO Silicon Valley Agile 334

Steve Blank

JUNE 23, 2016

All of Intel’s resources – fabs, manufacturing strategies, and most importantly executive mindset — were geared towards large, expensive x86 processors, not low-cost mobile cores of someone else’s design. Risk capital has provided financing for new ideas in the form of startups. But it’s not over for Intel.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

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. customers aren’t buying it, the cost of distribution is too high, etc.) Product Development Diagram 1. Where Are the Customers?

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Customer Development Developer Customer Silicon Valley 241

This is going to be BIG.

MARCH 1, 2010

My company was not well executed enough to achieve venture capital financing—and that wasn’t the city’s fault, it was mine. Even in the Valley, it will cost you over 20k to pay to recruit a developer. There are user groups, gaming meetups, meetups in security or agile development—lots of places entrepreneurs rarely tread.

New York City 120

New York City New York Startup Burn Rate 120

Startup Professionals Musings

NOVEMBER 9, 2015

The cost of entry to entrepreneurship is lower than ever, due to smartphone apps and powerful free tools to create websites and ecommerce offerings. With most solutions, infrastructure cost is overhead you don’t need. Bootstrapping continues to be the preferred approach, giving you maximum ownership, control and agility.

Bootstrapping 120

Bootstrapping Cofounder Equity Agile 120

Steve Blank

SEPTEMBER 7, 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.

Customer Development 228

Customer Development Developer Customer Silicon Valley 228

Cracking the Code

DECEMBER 16, 2006

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Venture Capital is about investing in the small, fast and agile company hoping that it will beat the large and slow incumbent. Venture Capital. (3). Best Venture and Technology Podcasts for 2007.

Software Review 48

Software Review Venture Capital Technical Review Europe 48

VC Cafe

JULY 26, 2020

“After the crash, venture capital was scarce to non-existent. Agile Development: launch an MVP early and iterate quickly. If you can afford to make an MVP look and feel great, even at the expense of time to market or cost, why compromise? Capital resources alone don’t do the trick.

Lean 214

Lean Seed Capital Startup Burn Rate 214

Up and Running

FEBRUARY 8, 2016

Here’s what they discovered: They found firms that quickly institute formal mechanisms such as operation budgets, cash budgets, and financial monitoring systems (tools that measure profitability, customer acquisition costs, variance from actual budget, and so forth) had higher growth rates in terms of revenues and headcount. Be compliant.

Entrepreneur 60

Entrepreneur Software Review Balance Sheet Partner 60

ReadWriteStart

JUNE 29, 2020

Most importantly, the phrase “ bootstrapping a startup ” translates into “growing your business with little or no venture capital or outside investment. It is also important to realize that, statistically speaking, most startups become operational without any venture capital or external funding sources.

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Steve Blank

DECEMBER 7, 2010

There are few courses which teach aspiring entrepreneurs the skills (business models, customer and agile development, design thinking, etc.) We’ll build the class around the business model / customer development / agile development solution stack. What are your hypotheses around customer acquisition costs?

Wiki 312

Wiki Lean Management Business Model 312

BeyondVC

FEBRUARY 12, 2014

With a focus on seed investing in the mobile, agile, and smart enterprise and business models that harness the power of network effects, our entrepreneurs have successfully been able to raise over $200 million of financing following our initial seed investment. focus on the mobile, agile, and smart enterprise".

Seed Stage 110

Seed Stage Agile Viral API 110

Altgate

SEPTEMBER 16, 2010

In some strange way, a big part of his competitive advantage is that he is able to outsource everything and maintain such a low cost structure. where you can leverage some internal “low cost&# time. ← Switching Costs Startup Executive Compensation Scorecard → Danieldykens Great post Furquan! So it can be done.

Software Review 65

Software Review Offshore Startup Boston 65

YoungUpstarts

OCTOBER 31, 2016

Stay agile so you can respond intelligently to your company’s needs. Had we continued hiring new customer service representatives instead of dealing with the root cause, our personnel costs would have sunk the company. Be mindful of these shifting dynamics, and think through the solutions you’re relying on during different periods.

Los Angeles 100

Los Angeles Stealth San Francisco Cofounder 100

Steve Blank

APRIL 27, 2009

And in hindsight, we seemed a bit more agile and innovative in WWII.) Yet decades later the military lacked the agility to write a spec in two years, let alone get 10′s of thousands of new systems deployed on aircraft as Terman had done. Each allied bombing mission lost 2-20% of their planes. How was this possible?

Silicon Valley 186

Silicon Valley Technical Review Europe Germany 186

Up and Running

JUNE 23, 2015

Maternova is an online marketplace for low-cost but vital obstetric tools; you might think of it as something like Amazon for childbirth-related medical supplies. However, these can be difficult to obtain and ship, and this is exactly where social enterprise startup Maternova has made—and continues to make—inspirational strides.

Cofounder 60

Cofounder Sweat Equity Social Media Business Model 60

Steve Blank

JUNE 25, 2009

Computer hardware companies were faced with their customers asking for low-cost (relatively) desktop computers they had no experience in building. This was just before the IBM PC hit the desktop so there were no “standard” operating systems or applications for desktop platforms.

Technology 139

Technology Silicon Valley Fractional VPE Part-Time VPE 139

Startup Lessons Learned

AUGUST 24, 2009

As the costs of production fall, it’s getting easier and easier to send in a proposal or even a complete work. We faced this same problem in entrepreneurship and venture capital, but we are getting past it. I’ve met a lot of gatekeepers in the past few months. Ever-more artists and authors are petitioning them.

San Francisco 113

San Francisco Lean Technical Review Distribution 113

Startup Lessons Learned

APRIL 18, 2010

Truth: The Lean Startup method is not about cost, it is about speed. Truth: There’s nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. Truth: The Lean Startup method is not about cost, it is about speed. Expo SF (May.

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Steve Blank

APRIL 9, 2009

But what I wanted was an agile marketing team capable of operating independently without day-to-day direction. It will cost you your job.” The first reaction from my CEO was, “that’s why you’re running the department.” And yes, we could have built a top-down, command-and-control hierarchy. That kind of accountable.

Silicon Valley 263

Silicon Valley Technical Review RSS PR 263

Startup Lessons Learned

DECEMBER 14, 2017

The result is a combination of design thinking, Lean Startup, and Agile Scrum, and Ignacio’s innovation team includes 25 coaches who train employees in PACE best practices. Tendayi explained, “It's actually based on the venture capital notion of investment thesis. Focusing on the problem first has also proven cost-effective.

Lean 245

Lean Startup CTO Hire Cofounder 245

Steve Blank

APRIL 6, 2009

Forty years before Agile Development methodologies became popular, ESL had analysts from its &# customer&# sitting side-by-side with ESL engineers designing new equipment together. Gorbachev, now the Soviet Premier, had to grapple with the spiraling cost of military systems that weren’t amortized by consumer purchases.

Silicon Valley 177

Silicon Valley Stealth RSS California 177

VC Cafe

SEPTEMBER 26, 2022

The press took notice, especially since just a few months later startups were laying off employees en-masse to cut costs. Sustainable growth: Prioritise sales efficiency over growth at all costs. Use agility to your advantage and make speed a team priority. In times of uncertainty, be like Scrooge McDuck!

Founder 187

Founder Startup Valuation Pre-Money Valuation 187

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. What’s the customer acquisition cost? Who recommends a sale? Who is the decision maker? Who is the economic buyer?

Lean 251

Lean Silicon Valley Startup RSS 251

Steve Blank

SEPTEMBER 17, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development. But if you have a web based product the right answer may be 300-500. Thank you, Steve.

Customer Development 247

Customer Development Developer Customer Silicon Valley 247

ReadWriteStart

APRIL 26, 2012

In an interview with ReadWriteWeb, Davidson explains how the latest industry to receive the disruption treatment has been the venture capital business itself, with the epicenter of the quake right around San Francisco. With that great decrease in cost to launch something, you have the emergence of all these new funds.

IPO 115

IPO Stock San Francisco Lean 115

Steve Blank

OCTOBER 24, 2017

Incubators and accelerators like Y-Combinator have institutionalized experiential training in best practices (product/market fit, pivots, agile development, etc.); Filed under: Venture Capital. Today, every founder can read all there is to know about running a startup online. The founders.

Founder 253

Founder Technical Review CTO Hire IPO 253

Up and Running

AUGUST 19, 2014

For example, one of the angels I pitched to cared deeply about our competitive landscape, whereas another wasn’t too concerned about the competitive landscape, he was more interested in our financial assumptions and my team’s ability to implement in an agile fashion. Angels vs. venture capitalists. What impresses angels?

Angel Investor 161

Angel Investor Technical Review Due Diligence Startup 161

SoCal CTO

DECEMBER 1, 2010

Storm Clouds - A VC : Venture Capital and Technology , November 12, 2010 We have enjoyed an amazing run in the web startup and investing space over the past five or six years. Competing To Win Deals - A VC : Venture Capital and Technology , November 7, 2010 The venture capital business is highly competitive.

Technical Review 175

Technical Review Technology Product CTO Hire 175

Steve Blank

JANUARY 4, 2011

I spent two weeks of December in Chile as a guest of Professor Cristóbal García, Director of EmprendeUC at the Catholic University of Chile , which just signed up a 3-year collaboration partnership with Stanford’s Technology Ventures Program. Venture Capital. In addition, in Chile the cost of personal failure is high.

Silicon Valley 335

Silicon Valley Chile South America Venture Capital 335

Steve Blank

JUNE 8, 2009

In contrast to simply executing your business plan, the Customer Development process is built on low-cost and continuous learning and iterating. Waterfall, Agile, Lean? You take your product vision and get out of your building to turn your hypothesis into facts. Where do the ideas come from? Innovation – Business Model? Technology?

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Vertical Silicon Valley RSS Marketing 123