Steve Blank

DECEMBER 20, 2011

They launched an incubator for the top scientists and engineers in the U.S. 63 scientists and engineers in 21 teams made 2,000 customer calls in 8 weeks , turning laboratory ideas into formidable startups. government agency that supports research in all the non-medical fields of science and engineering. billion U.S.

Incubator 301

Incubator Government Silicon Valley Lean 301

Steve Blank

SEPTEMBER 1, 2021

These tools—Customer Development, Agile Engineering, and Business Model design—became the lean start-up methodology , a rigorous approach to testing hypotheses and building prototypes, and, on the basis of data and evidence, adjusting or pivoting to a variant of the original hypothesis.

Incubator 402

Incubator Lean Agile Business Model 402

VC Cafe

AUGUST 2, 2022

On the infrastructure side, Epic owns ‘Unreal Engine’ the second most popular 3D graphic engine, and creator of MetaHumans, a digital twin rendering software that can be used to create hyper realistic characters to ‘populate’ the Metaverse. The largest and most popular 3D engine has big plans for the Metaverse.

IP 206

IP Cofounder Valuation Acquisition 206

Steve Blank

JULY 25, 2011

Scientists and engineers as founders and startup CEOs is one of the least celebrated contributions of Silicon Valley. ESL, the first company I worked for in Silicon Valley , was founded by a PhD in Math and six other scientists and engineers. It might be its most important. ———-. Cold War Spin Outs.

Engineer 305

Engineer Silicon Valley United States Venture Capital 305

Steve Blank

JULY 28, 2011

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. The combination of Venture Capital and technology entrepreneurship is one of the great business inventions of the last 50 years. The NSF will fund 100 science and engineering research projects every year. billion U.S.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

ReadWriteStart

APRIL 8, 2023

Search engine optimization, paid search, social media channels, online stores, and even pop-up spots are examples of practical omnichannel usage. In my experience, I follow different resources, for instance, the Andreessen Horowitz blog , one of the top venture capital funds reporting trends in their newsletters, and INC.5000

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Steve Blank

JULY 7, 2015

Eric Ries co-founded Catalyst Recruiting while attending Yale, and continued his entrepreneurial career as a Senior Software Engineer at There.com. He later co-founded and served as CTO of IMVU and then authored The Lean Startup. He was named entrepreneur-in-residence at Harvard Business School in 2010 and is currently an IDEO Fellow.

Lean 120

Lean Technical Cofounder Silicon Valley Channel 120

Steve Blank

APRIL 10, 2009

One of the things he mentioned was that when it came to decision-making he still tended to think and act like an engineer. Since every situation is unique, there is no perfect solution to any engineering, customer or competitor problem, and you shouldn’t agonize over trying to find one. That’s why startups are agile.

Silicon Valley 300

Silicon Valley RSS Startup Agile 300

Steve Blank

MARCH 29, 2010

In my last post I described my approach to one of the three classes I teach at Stanford in the engineering school: Fundamentals of Technology Entrepreneurship. After Stanford, Ann joined Mike Maples’ Venture Capital firm Floodgate as a partner. ——————-.

Business Model 226

Business Model Silicon Valley California Engineer 226

Steve Blank

APRIL 7, 2011

I spent a few days in March in Ann Arbor Michigan as a guest of Professor Thomas Zurbuchen , Associate Dean for Entrepreneurial Programs, and Doug Neal , Director of Center for Entrepreneurship in the Engineering School at the University of Michigan. Venture Capital ; met with the local hardware/software venture capital firm.

Michigan 307

Michigan Silicon Valley Venture Capital Incubator 307

Steve Blank

AUGUST 31, 2009

Yet startup companies have traditionally used this model to manage and pace not only engineering but also non-engineering activities. The flaw in this thinking is that “first customer ship&# is simply the date when engineering thinks they “finished” the 1.0 Product Development Diagram 1. Where Are the Customers?

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Steve Blank

MARCH 18, 2011

VC’s engineered financial transactions, working with entrepreneurs to brand, hype and take public un profitable companies with grand promises of the future. Customer Development , Agile Engineering and the Lean methodology enforced a process of incremental and iterative development. Filed under: Technology , Venture Capital.

Internet 334

Internet IPO Silicon Valley Agile 334

Startup Lessons Learned

OCTOBER 4, 2008

In 2007, BusinessWeek named Ries one of the Best Young Entrepreneurs of Tech and in 2009 he was honored with a TechFellow award in the category of Engineering Leadership. He serves on the advisory board of a number of technology startups, and has worked as a consultant to a number of startups, companies, and venture capital firms.

San Francisco 155

San Francisco Technical Cofounder Fractional CTO CTO 155

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 Business Model Venture Capital Balance Sheet 290

Steve Blank

APRIL 27, 2009

—————- The next piece of the Secret History of Silicon Valley puzzle came together when Tom Byers , Tina Selig and Mark Leslie invited me to teach entrepreneurship in the Stanford Technology Ventures Program ( STVP ) in Stanford’s School of Engineering. No kidding.

Silicon Valley 180

Silicon Valley Technical Review Europe Germany 180

Steve Blank

JANUARY 4, 2010

Lets take venture capital and grow this thing into a real business.”. They used Customer and Agile development to search for a scalable and repeatable business model to become a large company. Typically the size of their opportunity and company doesn’t lend itself to attracting venture capital.

Hockey Stick 276

Hockey Stick Venture Capital Startup Cofounder 276

Steve Blank

JUNE 25, 2009

Their engineering teams didn’t have the expertise using off-the-shelf microprocessors (back then “real” computer companies designed their own instruction sets and operating systems.) Their engineers hated us. Engineers as Salesmen I thought (and still do) that this sales guy walked on water.

Technology 138

Technology Silicon Valley Fractional VPE Part-Time VPE 138

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

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 209

Venture Capital Silicon Valley RSS Hockey Stick 209

Steve Blank

JUNE 23, 2016

For the first 75 years of the 20 th century, when capital for new ventures was scarce, the smartest engineering talent went to corporate R&D labs. But starting in the last quarter of that century and accelerating in this one, a new form of financing – risk capital (angel and venture capital) — emerged.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

JUNE 2, 2011

A revolution has taken hold as customer development and agile engineering reinvent the Startup process. Jon Feiber at MDV is going to try investing in startups emerging from Universities with great engineering schools outside of Silicon Valley that have entrepreneurship programs, but minimal venture capital infrastructure.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

Steve Blank

MAY 29, 2019

In addition to Stanford I also teach at Columbia, and at these research universities – Stanford, Columbia, Berkeley, and others – they all now have an internal incubator, they have maker spaces, they have their own venture funds, they connect to the community, they connect to venture capital. It’s a big idea.

Incubator 331

Incubator Lean Programming Government 331

Steve Blank

MAY 12, 2015

The SBIR/STTR program made ~6,200 seed stage investments in 2014, dwarfing the seed investments made by venture capital. startups that don’t fit whatever’s hot in venture capital. The SBIR/STTR program represents a critical source of seed funding for U.S. In fact, half of all seed stages in tech companies in the U.S.

SBIR 120

SBIR Maryland Lean Seed Stage 120

Steve Blank

APRIL 6, 2009

The Army offered Fred Terman, the Dean of Engineering at Stanford, a $5M contract to build an electronics countermeasures lab. HP had an ethical culture, entrepreneurial spirit, and deep Stanford engineering department connections. The “customers’” contracts funded the company. Seven years later in 1971 ESL went public.

Silicon Valley 171

Silicon Valley Stealth RSS California 171

Steve Blank

JUNE 29, 2009

Since there was very little documentation my time was split between the design engineers who built the system and the test and deployment team getting the system ready to go overseas. After I was done teaching each the day, I continued to write the operations manuals and work with the test engineers. (I Are You Single? Sign me up.

Agile 245

Agile Silicon Valley RSS California 245

Steve Blank

APRIL 9, 2009

But what I wanted was an agile marketing team capable of operating independently without day-to-day direction. To do that we will create end-user demand and drive it into the sales channel, educate the channel and customers about why our products are superior, and help Engineering understand customer needs and desires.

Silicon Valley 259

Silicon Valley Technical Review RSS PR 259

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

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

Altgate

SEPTEMBER 16, 2010

The presentation was on outsourcing generally, not just software engineering and the audience was very early stage companies (some yet to be founded). Engineering/QA. Share and Enjoy: This entry was posted in Entrepreneurship , Startups and tagged Accounting , Banking , design , Engineering , marketing , Outsourcing.

Software Review 65

Software Review Offshore Startup Boston 65

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. There are few courses which teach aspiring entrepreneurs the skills (business models, customer and agile development, design thinking, etc.) ——————– Engineering 245.

Wiki 311

Wiki Lean Management Business Model 311

ReadWriteStart

AUGUST 1, 2011

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. The combination of venture capital and technology entrepreneurship is one of the great business inventions of the last 50 years. The NSF will fund 100 science and engineering research projects every year. billion U.S.

Silicon Valley 118

Silicon Valley Intellectual Property Balance Sheet Lean 118

Startup Lessons Learned

AUGUST 24, 2009

We faced this same problem in entrepreneurship and venture capital, but we are getting past it. If you want to get ahead in this new world, agile is already not agile enough, lean is too fat and investing money in processes which tell you whether you're doing the right thing will put you on the right track but not out in front. .

San Francisco 113

San Francisco Lean Technical Review Distribution 113

This is going to be BIG.

JANUARY 11, 2010

Tuesday, January 12th 6:30PM Agile UX at the Economist (Waitlist only) The Economist online will share their experiences, successes and lessons learned around practicing user-centered design in an Agile development process. Tags: Venture Capital & Technology nextNY. RSVP: [link].

New York 60

New York Semantic Agile Venture Capital 60

Startup Lessons Learned

APRIL 18, 2010

Truth: There’s nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. Truth: There’s nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. Expo SF (May.

Lean 167

Lean San Francisco Continuous Deployment Startup 167

VC Cafe

SEPTEMBER 26, 2022

Use agility to your advantage and make speed a team priority. Kawasaki’s Law of Pre-Money Valuation: for every full-time engineer, add $500,000; for every full-time M.B.A., A good way to think about valuation in seed/pre-seed is to reverse engineer the next round. Need for Speed, indeed. Our goals, their goals.

Founder 187

Founder Startup Valuation Pre-Money Valuation 187

ReadWriteStart

JUNE 13, 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.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

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. food science? cellulose outputs? video games and film?

Silicon Valley 335

Silicon Valley Chile South America Venture Capital 335