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Raising Money Using Customer Development

Steve Blank

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Product Development – Getting Funded as The Goal In a traditional product development model, entrepreneurs come up with an idea or concept, write a business plan and try to get funding to bring that idea to fruition.

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Agile Opportunism – Entrepreneurial DNA « Steve Blank

Steve Blank

The former manager had been fired because: ESL had a major military contract to deploy an intelligence gathering system to Korea they needed to train the Army Security Agency on maintenance of the system the 10 week training course (6-hours a day) hadn’t been written the class was supposed to start in 6 weeks.

Agile 265
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Hacking for Defense @ Stanford 2021 Lessons Learned Presentations

Steve Blank

Hacking for Defense has teams of students working to understand and solve national security problems. This was followed by an 8-minute slide presentation describing their customer discovery journey over the 10 weeks. Hacking for Homeland Security launched last year at the Colorado School of Mines and Carnegie Mellon University.

Lean 413
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Hacking for Defense @ Stanford 2020 Lesson Learned Presentations

Steve Blank

Second, doing customer discovery via video actually increased the number of interviews the students were able to do each week. The eight teams spoke to over 945 beneficiaries, stakeholders, requirements writers, program managers, warfighters, legal, security, customers, etc.

Oakland 313
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NYU Commencement Speech 2016

Steve Blank

It said, “teach us to number our days that we gain a heart of wisdom “ Since then I’ve had a series of interesting careers: technician in the Air Force, tech writer, marketer, entrepreneur, CEO and now educator and mentor. That means you have about 21,000 days left – and about 14,000 of them for your career.

Lean 223
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Hacking for Defense @ Stanford 2019

Steve Blank

The eight teams spoke to over 820 beneficiaries, stakeholders, requirements writers, program managers, warfighters, legal, security, customers, etc. Followed by an 8-minute slide presentation follow their customer discovery journey over the 10-weeks. All the presentations are worth a watch. Team: Panacea. Team: Embargo NK.

Oakland 278
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Ardent 3: Supercomputer Porn

Steve Blank

Nuclear Weapons Laboratories which used supercompurters to run their hydrodynamics codes to simulate what went on in the first microseconds in a nuclear weapon and the National Security Agency (with Cray putting in a special population count hardware instruction) used to facilitate decryption of codes.