Startup Professionals Musings

SEPTEMBER 13, 2022

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development. Apply for contests and business grants. Join a startup incubator. Commit to a major customer.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

Startup Professionals Musings

JULY 1, 2017

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Apply for contests and business grants. Get a loan or line-of-credit. Commit to a major customer.

Product Development 177

Product Development Cost Developer Product 177

Steve Blank

NOVEMBER 4, 2013

We’re deep into teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) at UCSF with a team of veteran venture capitalists. The UCSF Office of Innovation and Technology ( Erik Lium and Stephanie Marrus) is the reason the program exists.

Lean 260

Lean Customer Business Model Customer Development 260

Steve Blank

JUNE 26, 2015

—– Lean Innovation Management. In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. The result will be: a new, Lean version of the Three Horizons of Innovation. Here’s how.

Lean 120

Lean Management Business Model Incubator 120

Startup Professionals Musings

APRIL 4, 2022

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Apply for contests and business grants. Get a loan or line-of-credit. Commit to a major customer.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

APRIL 16, 2013

For decades this revered business magazine described management techniques that were developed in and were for large corporations – offering more efficient and creative ways to execute existing business models. Business-as-usual management techniques focused on efficiency and execution are no longer a credible response.

Technical Review 328

Technical Review Lean Venture Capital Customer Development 328

Steve Blank

SEPTEMBER 3, 2014

As the farm fields flew by on the interstate I listened as Dave described how he translated his vision into a series of hypotheses and mapped them onto a business model canvas. My contract developers building the app aren’t very responsive. Customer Discovery. And I even helped on some of the moves myself.

Cofounder 336

Cofounder Founder Technical Cofounder Coder 336

Steve Blank

OCTOBER 31, 2016

The cross-disciplinary class brings students from widely divergent backgrounds together in teams of three to five, each aiming to tackle a gnarly international problem vexing Foggy Bottom in just 10 weeks by applying Lean LaunchPad methodology. Guiding, drilling and grilling these teams are Jeremy Weinstein , former deputy to the U.S.

Lean 275

Lean Saudi Arabia Austria Silicon Valley 275

Steve Blank

JUNE 8, 2021

While all the teams used the Mission Model Canvas , (videos here ), Customer Development and Agile Engineering to build Minimal Viable Products, each of their journeys was unique. Hacking for Defense has its origins in the Lean LaunchPad class I first taught at Stanford in 2011. Goals for the Hacking for Defense Class.

Lean 394

Lean Security Asia SBIR 394

Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. Technology in search of a market. Here’s how that happened.

Lean 316

Lean Customer Development Sales Cycle Business Model 316

Steve Blank

JANUARY 22, 2014

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Over the years Dino and I brainstormed about how Lean entrepreneurship would affect regional development. Few entrepreneurs find this scalable and repeatable business model because it’s not easy.

Early Stage 287

Early Stage Silicon Valley Oregon Technical Review 287

Startup Professionals Musings

DECEMBER 6, 2019

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development. Apply for contests and business grants. Join a startup incubator. Commit to a major customer.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Up and Running

DECEMBER 6, 2012

Today, I want to introduce you to a new concept for starting and growing successful companies: Lean Planning™. Before I dive too deeply into the Lean Planning methodology, it makes sense to talk about its history and where it comes from. It starts with “Plan-As-You-Go” instead of detailed, formal business plans.

Lean 147

Lean Silicon Valley Forecast Technical Review 147

Steve Blank

MARCH 8, 2011

In January, we introduced a new graduate course at Stanford called the " target="_blank">Lean LaunchPad. It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Would anyone even show up?

Lean 300

Lean Business Model Customer Development Guinea 300

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the product development model?

Customer Development 241

Customer Development Developer Customer Silicon Valley 241

Steve Blank

NOVEMBER 16, 2009

I was in New York last week with my class at Columbia University and several events made me realize that the Customer Development model needs to better describe its fit with web-based businesses. However the Customer Development Model and the Lean Startup work equally well for startups on the web.

Customer Development 223

Customer Development Web Developer Customer 223

Steve Blank

AUGUST 21, 2013

We’re going to test this hypothesis by teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of veteran venture capitalists. The teams that took the Lean Launchpad class – get ready for this – had a 60% success rate.

SBIR 316

SBIR Technical Review Lean Startup 316

Steve Blank

APRIL 16, 2013

For decades this revered business magazine described management techniques that were developed in and were for large corporations – offering more efficient and creative ways to execute existing business models. Business-as-usual management techniques focused on efficiency and execution are no longer a credible response.

Technical Review 220

Technical Review Lean Venture Capital Customer Development 220

Steve Blank

OCTOBER 15, 2019

This article previously appeared in the Harvard Business Review. Disruption today is more than just changes in technology, or channel, or competitors – it’s all of them, all at once. All of these are great strategies and tools that business schools build, and consulting firms help implement. Process Versus Product.

Government 317

Government Technical Review Acquisition Metrics 317

Steve Blank

NOVEMBER 5, 2009

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Is there a profitable business model? How many are there? Can it scale?”

Customer Development 264

Customer Development Developer Customer Silicon Valley 264

Steve Blank

JANUARY 15, 2017

I-Corps uses Lean Startup methods to teach scientists how to turn their discoveries into entrepreneurial, job-producing businesses. The new I-Corps authority also supports prototype or proof-of-concept development activities, which will better enable researchers to commercialize their innovations.

Lean 245

Lean Technical Review Government Programming 245

Steve Blank

MAY 7, 2019

Modern entrepreneurship began at the turn of this century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. This new framework can act as the front-end of Customer Development.

Lean 333

Lean Marketing Agile Customer Development 333

Startup Lessons Learned

SEPTEMBER 15, 2008

Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. After some trial and error, Ive settled on the Lean Startup. I like the term because of two connotations: Lean in the sense of low-burn.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Hearpreneur

FEBRUARY 16, 2024

Entrepreneurs will have to navigate a world where disruptive technologies like blockchain, artificial intelligence, and others are commonplace due to the rapid advancement of technology. The future entrepreneurs will need to be able to adapt to change, make use of new technologies, and promote teamwork in this fast-paced environment.

Artificial Inteligence 121

Artificial Inteligence Technical Review Entrepreneur AJAX 121

Startup Professionals Musings

JUNE 30, 2019

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Apply for contests and business grants. Get a loan or line-of-credit. Commit to a major customer.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Steve Blank

JANUARY 30, 2013

Entrenched Innovation Model Issues : Qualcomm’s existing innovation model – wireless products were created in the R&D lab and then handed over to existing business units for commercialization – was wildly successful in the existing wireless and mobile space. Developing a program to generate new ideas is the easy part.

Programming 267

Programming Technical Review Incubator Intellectual Property 267

Steve Blank

NOVEMBER 18, 2016

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. Early entrants get sold to corporate acquirers at inflated prices for their teams, their technology, and their tools. Producers of the technology shake out or fail.

Artificial Inteligence 320

Artificial Inteligence Lean Exit Strategy Startup 320

Steve Blank

NOVEMBER 30, 2009

Customer Development is all about gathering a list of what features customers want by talking to them, surveying them, or running “focus groups.” Customer Development is about Testing the Founder’s Hypothesis Any idiot can get outside the building and ask customers what they want, compile a feature list and hand it to engineering.

Customer Development 280

Customer Development Developer Customer Silicon Valley 280

Steve Blank

OCTOBER 31, 2016

The cross-disciplinary class brings students from widely divergent backgrounds together in teams of three to five, each aiming to tackle a gnarly international problem vexing Foggy Bottom in just 10 weeks by applying Lean LaunchPad methodology. Guiding, drilling and grilling these teams are Jeremy Weinstein , former deputy to the U.S.

Lean 120

Lean Saudi Arabia Austria Silicon Valley 120

ReadWriteStart

APRIL 8, 2023

Keeping up with trends is the reality show of the e-commerce world, which is constantly developing, gaining a significant market share, and driving online sales. It becomes even more interesting in the world of emerging technologies and the IoT. These new technologies will become an integral part of most e-shops.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Steve Blank

DECEMBER 20, 2011

19 of the 21 teams are moving forward in commercializing their technology. We’ve been reading your blog about your Lean Launchpad class.” No, the conversation was about to get more interesting. We want to make a bet that your Lean Launchpad class can apply the scientific method to market-opportunity identification.

Incubator 303

Incubator Government Silicon Valley Lean 303

View from Seed

MAY 2, 2024

Among these are the Lean Startup Method, Business Model Canvas, and Design Thinking*. At HBS, budding entrepreneurs often adhere to a structured set of steps taken from a mix of these frameworks: ideation, customer interviews, market/opportunity validation, MVP development, and execution.

Generative AI 218

Generative AI Entrepreneur ChatGPT Framework 218

Steve Blank

MAY 9, 2017

We’re standing 15 air miles away from the epicenter of technology innovation. I’ve been asked to talk today about the future of Innovation – typically that involves giving you a list of hot technologies to pay attention to – technologies like machine learning. In fact, it’s not about any specific new technologies.

Restful 227

Restful Silicon Valley Puerto Rico San Jose 227

Steve Blank

MARCH 3, 2015

Berkeley were heavily funded to develop Cold War weapon systems. Starting in the 1950’s, Stanford’s engineering department became “outward facing” and developed a culture of spinouts and active faculty support and participation in the first wave of Silicon Valley startups. That has changed in the last few years. Today the U.C.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

crowdSPRING Blog

JANUARY 27, 2013

We write often about ways small business can reduce expense, increase productivity, and operate more efficiently through a lean approach to marketing, technology, and operations. When we hear that word, we typically envision massive call centers or bucket shops filled with developers writing code half-way across the world.

Lean 99

Lean Hiring Salary United States 99

Steve Blank

AUGUST 25, 2015

I’ve spent this year working with corporations and government agencies that are adopting and adapting Lean Methodologies. I’ve been working with Richard, a mid-level executive in a large federal agency facing increasing external disruption (technology shifts, new competitors, asymmetric warfare , etc.). before you run out of money.

Lean 120

Lean Entrepreneur Business Model Silicon Valley 120

Steve Blank

JUNE 23, 2020

The pandemic has upended the business models of most startups and existing companies. Suppliers are going out of business or requiring cash-up-front terms. Revenue models and forecasts are no longer valid. In sum, whatever business model you had at the beginning of the year may be obsolete. Here’s how.

Customer 436

Customer Marketing Customer Development Lean 436