Steve Blank

SEPTEMBER 22, 2011

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. Read Business Model Generation pages 1-72, and The Four Steps to the Epiphany Chapter 3. Step 3: Website Logistics.

Lean 333

Lean Web Coder Business Model 333

Steve Blank

SEPTEMBER 5, 2018

The mantra of “ first mover advantage ,” the idea that winners are the ones who are the first entrants in their market, became the conventional wisdom of investors in Silicon Valley.“ First Movers” didn’t understand customer problems or the product features that solved those problems (what we now call product-market fit). The result?

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

MARCH 31, 2015

BMNT , a new Silicon Valley company, is combining the Lean Methods it learned in combat with the technology expertise and speed of startups. OSRD was tasked to develop military weapons systems and solve military problems but had wide autonomy to determine how to accomplish its tasks and organize its labs. In peacetime the U.S.

Silicon Valley 120

Silicon Valley Afghanistan Iraq Kuwait 120

Steve Blank

MARCH 12, 2014

Therefore we needed them to think and learn about two parts of a startup; 1) ideation - how to create new ideas and 2) customer development – how do they test the validity of their idea (is it the right product, customer, channel, pricing, etc.). You’ve developed archetype and narratives from a ton of real customer interviews.

Lean 334

Lean Customer Development Startup Silicon Valley 334

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. See the presentation here.). Today the U.C.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Steve Blank

APRIL 14, 2013

business models. But for the last decade “innovation” in Chinese software meant something different than it did in Silicon Valley. Entrepreneurs in Beijing were knowledgeable about Silicon Valley, entrepreneurship and the state of software and tools available for two reasons. Perhaps it’s the weather.

China 323

China Silicon Valley Non-Compete Intellectual Property 323

Steve Blank

FEBRUARY 11, 2010

The Customer Development process is the way startups quickly iterate and test each element of their business model , reducing customer and market risk. The first step of Customer Development is called Customer Discovery. they’re furthest from the Silicon Valley corporate office and any oversight.).

Burn Rate 248

Burn Rate Silicon Valley Marketing Boston 248

YoungUpstarts

AUGUST 30, 2011

Blackbox , founded by entrepreneurs Bjoern Lasse Herrmann and Max Marmer, in June released its first Startup Genome Report — a 67-page in depth analysis on what makes Silicon Valley startups successful based on profiling over 650 startups. Inconsistent startups write 3.4 times more lines of code in the discovery phase and 2.25

Silicon Valley 189

Silicon Valley Software Review Startup Cofounder 189

YoungUpstarts

APRIL 7, 2016

The rub is that a startup likely has the ideas to take it straight to the top, but it’s also likely that the company lacks the business skills to make it truly successful. Some more experienced Labs may also have a major talent pool available for use by its companies, as well as develop and build their own products. Who does it help?

Seed Stage 100

Seed Stage Silicon Valley Incubator Asia 100

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. This all-star team of 4 undergraduates and a JD/MBA developed new ways to provide logistical support to maritime forces in the Indo-Pacific region.

Lean 385

Lean Security Asia SBIR 385

YoungUpstarts

MARCH 4, 2020

Though the trend in the startup world seems to be relocating to Silicon Valley (a choice that some angel investors and ven­ture capitalists now call mandatory) and knocking on the doors of venture capital, this path doesn’t make sense for all businesses, and it’s not acces­sible to many entrepreneurs because of their life circumstances.

Entrepreneur 205

Entrepreneur Venture Capital Silicon Valley Bandwidth 205

ConversionXL

SEPTEMBER 6, 2013

This is a customer development problem. By the end of this article, you should have a better understanding of how to develop new products or tweak your existing offerings by working with existing or prospective customers to incorporate their feedback to create viable solutions to their problems, and clearly communicate their value.

Customer Development 126

Customer Development Conversion Developer Customer 126

Steve Blank

APRIL 10, 2009

Customer Development ) to help you quickly recognize and reverse any incorrect decisions. Customer Development) to help you quickly recognize and reverse any incorrect decisions.&# Reply Why Startups are Agile and Opportunistic -- Pivoting the Business Model , on April 14, 2010 at 6:32 am Said: [.]

Silicon Valley 300

Silicon Valley RSS Startup Agile 300

Steve Blank

APRIL 14, 2013

business models. But for the last decade “innovation” in Chinese software meant something different than it did in Silicon Valley. Entrepreneurs in Beijing were knowledgeable about Silicon Valley, entrepreneurship and the state of software and tools available for two reasons. Perhaps it’s the weather.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Steve Blank

DECEMBER 13, 2010

Here’s the course announcement from Professor Vergara (in English): Customer Development Course in Chile – Lean Launchpad. In this blog post I will add more information about the development of this course when I have it.

Chile 235

Chile Silicon Valley Lean Agile 235

Steve Blank

DECEMBER 7, 2009

Customer Development We were starting Epiphany, my last company. I was out and about in Silicon Valley doing what I would now call Customer Discovery trying to understand how marketing departments in large corporations worked. We had validated our new assumptions by a set of orders, and we had pivoted on our business model.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Steve Blank

JULY 25, 2023

Now at Imperial College Business School and Co-Founder of the Wicked Acceleration Labs , Cristobal and I wondered if we could combine the tenets of Lean (get out of the building, build MVPs, run experiments, move with speed and urgency) with the expanded toolset developed by researchers who work on Wicked problems and Systems’ Thinking.

Lean 294

Lean Chile Ukraine Spain 294

Steve Blank

MARCH 2, 2011

He’s as good as any startup CEO in Silicon Valley. Working with him, I’ve been impressed to watch his small team embrace Customer Development (and Business Model Generation ) and search the world for the right product/market fit. And they’ve being doing this while driving product cost down and performance up.

Silicon Valley 222

Silicon Valley Agile Customer Development Early Stage 222

Startup Professionals Musings

OCTOBER 17, 2022

Examples of some leaders in this space include Ron Conway in Silicon Valley and Jeff Bezos , CEO of Amazon, who each may have over 500 startups in their portfolio. It’s the right way to get money without giving up too much equity or control of your business. Marty Zwilling.

Angel Investor 342

Angel Investor Venture Capital Silicon Valley Portfolio 342

Startup Professionals Musings

DECEMBER 14, 2022

Based on my years of experience in both startups and large companies, trusted relationships are more the key to success than a great business model, how smart you are, or how much money you have. Don’t wait for the right people in business to find you – developers, investors, partners, or key customers.

Silicon Valley 284

Silicon Valley Bandwidth Angel Investor Equity 284

Steve Blank

SEPTEMBER 24, 2009

The Founder’s New Insight Smart founders are never satisfied with simply executing their current business model, they are constantly observing, orienting and deciding whether their current business model can be made better. It’s a natural part of learning about your customers and business model.)

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Customer Silicon Valley RSS California 195

Up and Running

MARCH 11, 2020

Keep in mind that tech businesses are successful all around the nation, not just in Silicon Valley. Some businesses are even building fully remote workforces to avoid the high costs of living and working in the highly saturated Bay Area. . This demographic is historically neglected by more traditional banks.

Technical Review 97

Technical Review Green Silicon Valley Non-Compete 97

Steve Blank

APRIL 23, 2018

Sloan transformed corporate management into a real profession, and its stellar example was the continuous and relentless execution of the GM business model (until its collapse 50 years later). But the spirit of Billy Durant would rise again in what would become Silicon Valley.

Michigan 268

Michigan Cofounder Stock Forecast 268

ReadWriteStart

MAY 5, 2011

Next, Douglas Villalobos from Costa Rica pitched GeoInvenio, a mobile application development platform. Douglas has identified about 50 software companies in Costa Rica that may be willing to develop apps on top of the GeoInvenio platform. We can derive GeoInvenio's business model and pricing model based on that.

Costa Rica 115

Costa Rica Incubator Silicon Valley India 115

Steve Blank

JUNE 11, 2009

However, you will be dealing with almost daily change, (new customer feedback/insights from a Customer Development process and technical roadblocks ,) as the company searches for a repeatable and scalable business model. By now the company may have found and settled on a repeatable business model. Order Here.

Cofounder 219

Cofounder Founder Silicon Valley Technical Cofounder 219

Steve Blank

NOVEMBER 27, 2012

The class teaches the three basic skills all entrepreneurs need to know: business model design. customer development. Some general customer development slides click here. Visitors Guide to Silicon Valley. So for the rest of us I put together this Visitors Guide to Silicon Valley. Find it here.

Open Source 335

Open Source Silicon Valley Lean Customer Development 335

crowdSPRING Blog

NOVEMBER 30, 2012

Start With a Business Model, Not a Business Plan | WSJ – [link]. The danger of waiting to long to find a business model? In Silicon Valley, Technology Talent Gap Threatens G.O.P. Special Report: Silicon Valley’s dirty secret – age bias | Reuters – [link].

Social Media 100

Social Media Small Business Central African Republic Design 100

Steve Blank

JANUARY 20, 2014

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. Job creation in Bend is everyone’s business.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

JUNE 25, 2009

They couldn’t keep up with the fast product development times that were enabled by using standard microprocessors. The answer depends on your answer to two questions: which step in the Customer Development process are you on? Customer Development and Selling Strategy If you’ve just started your company you are in customer discovery.

Technology 138

Technology Silicon Valley Fractional VPE Part-Time VPE 138

Steve Blank

OCTOBER 31, 2014

They realized if they could develop and promote a well-coordinated sports technologies industry, they could capture their unfair share of the $300 billon sports consumer market. For example, many of the Australian sports tech business models shared common elements. It doesn’t. Born Global or Die Local. Trip 4 to the U.S.

Global 335

Global Australia Silicon Valley China 335

Steve Blank

SEPTEMBER 14, 2009

Venture Capitalists on your board developed the expertise to get your firm public as soon as possible using whatever it took including hype, spin, expand, and grab market share because the sooner you got your billion dollar market cap, the sooner the VC firm could sell their shares and distribute their profits. Order Here. Now In Print!

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Steve Blank

SEPTEMBER 16, 2010

In the early days of Rocket Science I realized that we needed high-level advice on multiple fronts; technology, game development, video game distribution, etc. Even back then the advisor was a well-known name in Silicon Valley. Advisory Board. Death by Spreadsheet. You treat commodities and opportunities radically differently.

Advisory Board 260

Advisory Board Part-Time VPE CTO Hire Stock 260

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. Hacking for Conservation and Development at Duke followed. Mission-driven entrepreneurship is the answer to students who say, “I want to give back.

Oakland 301

Oakland Asia Lean Video 301

Steve Blank

MARCH 29, 2010

The key things I want students to take from the class are: Understand that a startup is a temporary organization designed to search for a profitable business model. Learn how to put together a business model , not a business plan. Class Logistics. As described in the previous post , this is a hands-on class.

Business Model 226

Business Model Silicon Valley California Engineer 226

Up and Running

DECEMBER 7, 2012

Either through blind luck or through incredible gut instinct, they develop the perfect product that is instantly adopted by the masses and rockets all involved to instant success. The goal of any business is to find a scalable and repeatable business model. So, what’s a business model?

Business Model 105

Business Model Developer Silicon Valley Business Plan 105

Austin Startup

MARCH 15, 2017

By the time Silicon Valley white privilege culture, tech magazines that promote only white faces, Ethereum/Bitcoin fanboys, sellout black tech wannabees and globalists promoting their blockchain consortium get a hold of this article, it’s already too late and the game already ended a while ago.

Technical Review 54

Technical Review Silicon Valley Software Review XML 54

Duct Tape Marketing

APRIL 6, 2022

John Jantsch (02:29): So I'm curious, how did you get into the business of advising startups? Well, Steve Hoffman (02:34): First of all, I did three venture funded startups in Silicon valley and two bootstrap startups. You know, could you look at my business plan? See if the business model works, all these questions.

San Francisco 97

San Francisco Technical Review Incubator Silicon Valley 97