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Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. The cloud , open-source development tools and web 2.0 as a distribution channel have vastly reduced the amount of capital a startup needs at the early stage when the risk is greatest.

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Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In the few days I was in China I met with several VC’s, angel investors, business press and spoke to hundreds of entrepreneurs. In these series of 5 posts, I thought I’d share what I learned in China.

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Bigger in Bend – Building a Regional Startup Cluster–part 1 of 3

Steve Blank

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with. Over the years we brainstormed about how Lean entrepreneurship would affect regional development. Startups in Bend. Startups in Bend.

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Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

Scalable startups are on a trajectory for a billion dollar market cap. But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. Entrepreneurship is everywhere, but everywhere isn’t a level playing field.

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Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In the few days I was in China I met with several VC’s, angel investors, business press and spoke to hundreds of entrepreneurs. In these series of 5 posts, I thought I’d share what I learned in China.

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Raising Money Using Customer Development

Steve Blank

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. The goal of their startup in this stage becomes “getting funded.”

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Amsterdam’s Rockstart Accelerator Sees Good First Year, Announces 2nd Edition

YoungUpstarts

Amsterdam-based startup accelerator Rockstart last year launched a program to find and support ten teams of startup founders in Europe. Of the ten startups in the inaugural 2012 class, four have raised follow-on funding to date, and one even reached the break-even point and expanded to Silicon Valley.