Steve Blank

OCTOBER 7, 2011

—— I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. It’s hard enough to pick which existing companies with known business models to aid. This is the first of two posts about Finland and entrepreneurship.

Finland 327

Finland Venture Capital Government Russia 327

Startup Professionals Musings

JUNE 20, 2016

In my angel investor mode, I often find myself flipping to the “management” section of a business plan, even before I read the solution description and opportunity. Even if your product is a technological marvel, I look for balanced strength on the team in finance, marketing and operations.

Sweat Equity 152

Sweat Equity Entrepreneur Elevator Pitch Software Review 152

Steve Blank

OCTOBER 24, 2017

A CEO brought in from a large company came with all the big company accoutrements – org charts, HR departments with formal processes and procedure handbooks, formal waterfall engineering methodology, sales compensation plans, etc. — all great things when you are executing and scaling a known business model.

Founder 269

Founder Technical Review CTO Hire IPO 269

YoungUpstarts

OCTOBER 19, 2017

The lean start-up movement has been based on a single insight – which the purpose of a start-up is to discover a business model that works. The objective of a start-up is to discover a business model that works. This process continues until a viable product (and business model) can be discovered.

Product Development 153

Product Development Lean Developer Product 153

Hearpreneur

APRIL 9, 2023

It’s becoming increasingly important for every business to have at least basic technology to run daily operations in the current day society. With new technology emerging, we can only imagine the changes it will bring along to the business platform. Thanks to James Angel, DYL ! #5- Thanks to Olivia Tonks, Fleet Education ! #8-

Technical Review 105

Technical Review Artificial Inteligence Technology Entrepreneur 105

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 312

Oakland Asia Lean Video 312

Steve Blank

JULY 13, 2021

By the end of the 20th century, case studies and business plans had reached an evolutionary dead-end for entrepreneurs. The Rise of Business Schools – Management as an Occupation. The business school was invented in the first decade of the 20th century in response to a massive economic transformation in the U.S.

Lean 436

Lean Agile Business Model Business Plan 436

Steve Blank

OCTOBER 25, 2010

Over the last 50 years engineers have moved from building computers out of individual transistors to building with prepackaged logic gates. At the same time every computer company was writing its own operating system. Soon standard operating systems (e.g. It’s the combination of Business Model Design and Customer Development.

Customer Development 331

Customer Development Business Model Developer Customer 331

Up and Running

MAY 10, 2021

The engineers can produce various models in a matter of seconds. One last thing to consider is the operating system. You can start by researching your competitors to gain an understanding of cost structure, revenue generation, and the business model for your app. Operations. Do not overlook this.

Artificial Inteligence 150

Artificial Inteligence Developer Development Team Review United Kingdom 150

Steve Blank

MAY 23, 2016

NYU Engineering Commencement Speech. Thank you for the opportunity to address you on your graduation from this esteemed engineering school. Established businesses execute business models while startups search for them. I’m honored to help you celebrate this important milestone. Actually they’re entirely different.

Lean 223

Lean Technical Review Vietnam Engineer 223

The Startup Magazine

OCTOBER 18, 2023

This research will be your compass, guiding you towards identifying market gaps that your business can strategically fill, and assisting you in determining your precise target audience. Moreover, create a detailed business plan that meticulously outlines your business goals, financial projections, marketing strategies, and operational plans.

Australia 148

Australia Demand Framework Operations 148

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 310

Engineer Silicon Valley United States Venture Capital 310

YoungUpstarts

AUGUST 19, 2016

Companies that commit to their teams succeed because they attract hard-to-recruit talent like Brianna Crab , a data engineer at Capital One. Your business plan needs to set the course for how you invest in your team. His investment in human capital was as much a part of his business plan as market opportunity and fundraising.

Startup 100

Startup Burn Rate Cofounder Salary 100

SoCal CTO

JUNE 9, 2010

The Yin and Yang of Product and Engineering - A VC : Venture Capital and Technology , May 22, 2010 For a tech company, product and engineering are the heart and soul of the business. " In fact, 3 of the 10 selected companies from the past two years has followed this business model. The Curation Team.

Fractional CTO 248

Fractional CTO Startup Venture Capital Cofounder 248

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

The Startup Magazine

JUNE 6, 2021

Choose the Right Business Model. Once you’ve come up with a sound idea of what type of business is the best for your needs, it’s time to follow the best business launch steps and start planning how to fit it in your business niche. You have your idea all worked up and your business model all set up.

Social Media 174

Social Media Audience Affiliate Startup 174

Steve Blank

APRIL 14, 2013

business models. And some of their best and brightest have ended up in the organizations like the 2nd Bureau, Unit 61398 tasked euphemistically for “Computer Network Operations.”. business models. This left an open playing field for Chinese software startups as they “copy to China” existing U.S. Fear of Failure.

China 326

China Silicon Valley Non-Compete Intellectual Property 326

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 6, 2012

I wondered if business plans and 5-year forecasts were the right way to plan a startup. Experienced entrepreneurs kept finding that no business plan survived first contact with customers. We were putting the plan before the planning. So what would a search process for a business model look like?

Lean 321

Lean Georgia Michigan Business Model 321

Reid Hoffman

JULY 27, 2021

In the startup world, one of the most important parts of building a network for non-technical entrepreneurs is getting to know brilliant engineers and technologists. Going to business school is one of the worst places to accomplish this. The problem is that these competitions seldom produce massively successful businesses.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

In the startup world, one of the most important parts of building a network for non-technical entrepreneurs is getting to know brilliant engineers and technologists. Going to business school is one of the worst places to accomplish this. The problem is that these competitions seldom produce massively successful businesses.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Up and Running

AUGUST 7, 2019

Your business’s operations have changed. Many are incorporating Amazon as just a single channel in their ecommerce business plans , hoping customers will shop there and like the brand enough to consider looking at Instagram, search engine results, or their own website for more information and options.

eCommerce 77

eCommerce Software Review Technical Review Audience 77

Steve Blank

APRIL 14, 2013

business models. And some of their best and brightest have ended up in the organizations like the 2nd Bureau, Unit 61398 tasked euphemistically for “Computer Network Operations.”. business models. This left an open playing field for Chinese software startups as they “copy to China” existing U.S. Fear of Failure.

China 218

China Silicon Valley Non-Compete Intellectual Property 218

Up and Running

MAY 10, 2017

We didn’t know anything about small business accounting or finance. We didn’t even know how to write a business plan. I had some limited knowledge about search engine marketing, but knew nothing about marketing in a more general sense. See Also: Creating a Business Partnership Agreement. Did it need be bug-free?

Startup 119

Startup SEO Montana Argentina 119

Steve Blank

MAY 10, 2011

What really matters are the business model canvas diagrams in the body and appendix of each presentation. By comparing the changes the teams made week-to-week-week in their business model canvas diagrams, you’ll see the dynamics of entrepreneurship, as they iterate and Pivot over time. Team Autonomow. Team Blink Traffic.

Lean 284

Lean Business Model Agile Customer Development 284

Steve Blank

JUNE 7, 2019

All the teams used the Mission Model Canvas , 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 277

Oakland Lean SBIR Afghanistan 277

crowdSPRING Blog

MARCH 26, 2019

Here’s a complete, 9 step guide on how to start a brewery business. Choose a business model. Fill in the business blanks. Choose a business model. Before you can start to seriously plan your own craft beer business, you need to understand the end goal that you’re aiming for.

Small Business Administration 94

Small Business Administration Distribution LLC Small Business 94

The Next Web

SEPTEMBER 22, 2013

While you are working away on your business plan, looking for ways to raise capital, finding the right people to hire, etc., Levi Cooperman , Co-founder and VP of Operations of Freshbooks. Probably the biggest mistake we made early on was not believing the business was going to be a big success. Not hiring soon enough. “If

Cofounder 164

Cofounder Founder Startup Bootstrapping 164

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 315

Wiki Lean Management Business Model 315

Startup Lessons Learned

JANUARY 10, 2011

We still have some collective scar tissue: the idea conjures up the hordes of dot-com hopefuls that descended on VC’s and angel investors with little more than a business plan. I have seen founders replaced because their style seemed too chaotic, even though what’s really happening is that they are operating at startup speed.

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

Steve Blank

MAY 14, 2012

Any dispassionate observer would recognize that on Day One, a start-up has no customers, and unless the founder is a true domain expert, he or she can only guess about the customer, problem, and business model. Traditionally, engineering, sales, and marketing have all focused on the immovable launch date.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Startup Professionals Musings

FEBRUARY 9, 2018

To organize my thoughts, I found a new book, “ Burn the Business Plan ,” by Carl Schramm, who speaks from experience founding five companies, working major corporate roles, and being an active venture investor. You need a business degree to start a venture today. Business strategies are best learned from experience.

Incubator 180

Incubator Angel Investor Dilution Equity 180

Steve Blank

JUNE 2, 2011

A revolution has taken hold as customer development and agile engineering reinvent the Startup process. Reinventing the board meeting may allow venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Founders operate in a chaotic regime. Victor Hugo.

Silicon Valley 288

Silicon Valley Business Model Early Stage Venture Capital 288

Steve Blank

MAY 29, 2019

Steve Blank: When I first starting teaching, the capstone entrepreneurship class was how to write a business plan. But years ago, we had no alternative – how to write a business plan was it. My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.”

Incubator 332

Incubator Lean Programming Government 332

Hearpreneur

SEPTEMBER 17, 2017

And now, 8 years later, Fantastic Services has become a multi-national, multi-operational company working in the UK, Australia, and the US. TerraCycle’s current “sponsored waste” business model allows us to circumvent the economic limitations of municipal recycling and create new infrastructures for regenerative waste solutions.

Entrepreneur 107

Entrepreneur Namibia Malawi Africa 107

David Teten

JANUARY 21, 2021

Jonathan Bragdon , CEO, describes Capacity as “a team of founders-turned-funders making non-dilutive, founder-aligned investments of $50-$300k in post-startup, post-revenue businesses planning to 2X revenues in 12-24 months. We determine a salary cap with the founder based on a software engineer in the closest major city.

Equity 78

Equity Revenue Cofounder Colorado 78

crowdSPRING Blog

NOVEMBER 30, 2012

Did you know that the physics involved in flippings cats also allow us to operate space telescopes? Small Business and Startups: 5 DIY Things To Do For Your Brand! Start With a Business Model, Not a Business Plan | WSJ – [link]. The danger of waiting to long to find a business model?

Social Media 100

Social Media Small Business Central African Republic Design 100