Steve Blank

MARCH 11, 2016

To be honest I built the class out of frustration watching schools teach aspiring entrepreneurs that all they need to know is how to write a business plan or how to sit in an incubator building a product. using the business model canvas as the framework. in order to validate/invalidate their business model hypotheses.

Lean 120

Lean Incubator Business Model Channel 120

Steve Blank

JUNE 26, 2015

The first, the notion of the “ ambidextrous organization ” from O’Reilly and Tushman , posits that companies that want to do continuous innovation need to execute their core business model while innovating in parallel. Horizon 1 activities support existing business models. Horizon 1 is the company’s core business.

Lean 120

Lean Management Business Model Incubator 120

Steve Blank

OCTOBER 10, 2011

Startup incubators, business angels and VCs are starting to emerge. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. They’ve gotten off to a good start with a start around Aalto University with passionate students.

Finland 324

Finland Naming Russia Government 324

Steve Blank

MARCH 8, 2011

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. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

Lean 298

Lean Business Model Customer Development Guinea 298

Steve Blank

MARCH 31, 2014

The first will be commodity businesses that are valued for their ability to execute their current business model. The second class will be firms with a demonstrated ability to continually innovate and reinvent their business models. These innovations do not require change in a company’s existing business model.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

MAY 18, 2020

We’re holding a series of 5-day online classes at Stanford where teams will learn how to develop new business models for an economy that’s getting back to work and on the road to recovery. The Covid-19 virus has upended traditional ways of doing business, travel, education, entertainment, healthcare, etc. Sign up at [link].

Lean 436

Lean Business Model Affiliate Incubator 436

Steve Blank

NOVEMBER 13, 2012

Since then, I have been teaching Customer Development and running Lean LaunchPad style classes at variety of universities, national research laboratories, incubators, and startup communities throughout Japan. After three years of evangelizing, I am very pleased to see success cases emerging in Japan by following Customer Development Model.

Japan 292

Japan Customer Development Developer Customer 292

Steve Blank

JULY 13, 2021

Founders of startups (and new ventures inside existing companies) are searching for product/market fit and a repeatable and scalable business model. At the start of the 21st century, after two decades and 8 startups, I retired and had time to think about how VCs directed their startups using business plans. experiential.

Lean 433

Lean Agile Business Model Business Plan 433

Steve Blank

FEBRUARY 25, 2014

Corporations running internal incubators face many of the same selection issues as startup investors, plus they must grapple with the issues of integrating new ideas into existing P&L-driven functions or business units. a language corporate innovation groups can use to communicate to business units and finance.

Incubator 310

Incubator Intellectual Property Startup Lean 310

Steve Blank

MARCH 4, 2014

The Enterprise: Business Model Execution We know that a startup is a temporary organization designed to search for a repeatable and scalable business model. The corollary for an enterprise is: A company is a permanent organization designed to execute a repeatable and scalable business model.

IRR 335

IRR Startup Business Model Agile 335

Steve Blank

MAY 29, 2019

The easy part is, “Let’s have an incubator.” My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.” Today the capstone class is most often experiential, team-based, hands on, focused around the search for a repeatable and scalable business model.

Incubator 331

Incubator Lean Programming Government 331

Steve Blank

JUNE 11, 2012

The NSF I-Corps Lean LaunchPad class has different goals then the same class taught in a university or incubator. In an incubator, the Lean LaunchPad develops angel or venture-funded startups. I-Corps teams spent the class refining their business model and minimum viable product. Methodology. Lessons Learned.

Lean 248

Lean Incubator Business Model Georgia 248

Steve Blank

JULY 1, 2014

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. a language corporate innovation groups can use to communicate to business units and finance. No ambiguity. Clarity is good.

Sacramento 306

Sacramento Framework Customer Development Lean 306

Steve Blank

NOVEMBER 18, 2016

Each of our teams in this class followed the canonical Lean model: Articulate your hypotheses using the business model canvas. Each week the teams got out of the classroom and talked to 10-15 customers, testing a new part of the business model canvas. If you can’t see the video click here.

Artificial Inteligence 318

Artificial Inteligence Lean Exit Strategy Startup 318

Steve Blank

SEPTEMBER 14, 2017

They were trying to keep up with providing the core services necessary to run the current business and at the same time deal with a flood of well-meaning but uncoordinated ideas about new features, technologies and innovations coming at them from all directions. Incubation. There were no requirements for the innovator.

Incubator 312

Incubator Curation Engineer Government 312

Steve Blank

JUNE 18, 2013

It dawned on me that the plans were a symptom of a larger problem: we were executing business plans when we should first be searching for business models. So what would a search process for a business model look like? That is until Alexander Osterwalder wrote Business Model Generation.

Lean 286

Lean Agile Customer Development Business Model 286

Steve Blank

JANUARY 22, 2013

Lean LaunchPad Colombia starts again today in Bogota with 25 more teams of tech entrepreneurs and at 25 mentors from the country’s universities, incubators, and chambers of commerce. The program is funded by the Colombian government and modeled after the NSF Innovation-Corps program created and built by my partner and co-author Steve Blank.

Colombia 321

Colombia Lean Silicon Valley Coder 321

Steve Blank

DECEMBER 30, 2014

. ———– The National Institutes of Health recognizes that Life Science/Health Care commercialization has two components: the science/technology, and the business model. The Lean Launchpad® for Life Sciences (the I-Corps @ NIH ) uses the Lean Startup Model to discover and validate the business model.

San Diego 261

San Diego North Carolina Chicago Lean 261

Steve Blank

MARCH 7, 2012

Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model. Yet this isn’t an incubator. We trying to teach students a methodology that combines customer development, agile development, business models and pivots.

Lean 256

Lean Business Model Agile United States 256

Steve Blank

JANUARY 22, 2013

Lean LaunchPad Colombia starts again today in Bogota with 25 more teams of tech entrepreneurs and at 25 mentors from the country’s universities, incubators, and chambers of commerce. The program is funded by the Colombian government and modeled after the NSF Innovation-Corps program created and built by my partner and co-author Steve Blank.

Colombia 271

Colombia Lean Silicon Valley Coder 271

Steve Blank

OCTOBER 26, 2013

It’s curriculum is built on a framework of business model design, customer development and agile engineering – and its emphasis on evidence, Lessons Learned versus demos, makes it the worlds most advanced accelerator. It’s success is measured not only by the technologies that leave the labs, but how many U.S.

Lean 262

Lean Washington Incubator Agile 262

Steve Blank

AUGUST 20, 2013

Business Model Issues. Business Model Issues. Yet healthcare has its own unique regulatory and reimbursement issues and business model issues that must be understood. Cost pressures are unrelenting in every sector, with pressure on prices and margins continuing to increase.

Startup 294

Startup Venture Capital Lean IPO 294

Steve Blank

DECEMBER 17, 2015

In the second stage, it moves into Investing, Inventing, Incubating and Acquiring technologies and companies, and in the third stage building product(s ). Academics, consultants, incubators. In exchange, the startups provide companies with their disruptive ideas, technologies and business models. Silicon Valley, Boston).

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Steve Blank

JUNE 18, 2013

It dawned on me that the plans were a symptom of a larger problem: we were executing business plans when we should first be searching for business models. So what would a search process for a business model look like? That is until Alexander Osterwalder wrote Business Model Generation.

Lean 178

Lean Agile Customer Development Business Model 178

Steve Blank

OCTOBER 3, 2014

The next week they came back in class and presented this : Each week we’d teach them about one more part of what makes up a business model. When I teach in universities I’m not running an incubator. Students need to get out of the building and talk to 10-15 customers a week. Massive pivot.

Lean 272

Lean Silicon Valley Customer Development Incubator 272

Steve Blank

FEBRUARY 3, 2015

I remind my students that I’m teaching them a methodology they can use the rest of their careers, not running an incubator. The question was: Could we get these companies to pivot and learn when they already thought they had an existing business model?). Each week the team presented their findings to the class and teaching team.

North America 120

North America Lean Customer Development Distribution 120

Steve Blank

FEBRUARY 11, 2014

For example, in our UCSF Life Sciences class the four VC’s who taught the class with me developed advanced business model lectures for therapeutics, diagnostics, medical devices and digital health. And we’ve found a pretty remarkable way to use the Lean LaunchPad to organize corporate innovation/incubator groups. (We

Lean 319

Lean Incubator Video Open Source 319

Steve Blank

NOVEMBER 18, 2016

Each of our teams in this class followed the canonical Lean model: Articulate your hypotheses using the business model canvas. Each week the teams got out of the classroom and talked to 10-15 customers, testing a new part of the business model canvas. If you can’t see the video click here.

Artificial Inteligence 120

Artificial Inteligence Lean Exit Strategy Startup 120

Steve Blank

FEBRUARY 12, 2015

In this first step, the goal of a startup is to search for a repeatable and scalable business model. Patrick took a bunch of notes, and said, “You know when I figuring out how to search for a business model, I read the Startup Owners Manual and Business Model Generation , but where are the books for this phase?

Startup 120

Startup Lean Venture Capital Advisory Board 120

Steve Blank

AUGUST 4, 2016

They’ll learn how to apply “lean startup” principles, (“mission model canvas,” “customer development,” and “agile engineering”) to discover and validate agency and user needs and to continually build iterative prototypes to test whether they understood the problem and solution. Real Problems.

Lean 160

Lean Government Agile Africa 160

Steve Blank

AUGUST 4, 2016

They’ll learn how to apply “lean startup” principles, (“mission model canvas,” “customer development,” and “agile engineering”) to discover and validate agency and user needs and to continually build iterative prototypes to test whether they understood the problem and solution. Real Problems.

Lean 120

Lean Government Agile Africa 120

Steve Blank

OCTOBER 24, 2017

— all great things when you are executing and scaling a known business model. However, there was no way for founders to share this information with other founders (this was life before the Internet, incubators and accelerators). Board Control. For three decades (1978-2008), investors controlled the board. The founders.

Founder 245

Founder Technical Review CTO Hire IPO 245

Steve Blank

SEPTEMBER 1, 2011

Unlike small business entrepreneurs, their interest is not in earning a living but rather in creating equity in a company that eventually will become publicly traded or acquired, generating a multi-million-dollar payoff. Their job is to search for a repeatable and scalable business model. They hire the best and the brightest.

Government 335

Government Silicon Valley Startup Venture Capital 335

Steve Blank

AUGUST 5, 2010

Fairchild Semiconductor became the progenitor of a flood of Silicon Valley chip companies and at the same time the adoption of the limited partnership as the model for Venture Firms gave VC’s their own profitable business model. They build a minimum feature set. Quickly iterate the product in front of customers. Lean Angels.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Steve Blank

OCTOBER 27, 2015

While the parallels between a director and a startup founder are striking, what’s even more surprising is the match between the creative process Pixar uses to make its movies and our implementation of Lean for startups in the Lean LaunchPad and I-Corps incubators. Managers see change as a threat to their existing business model – and it is.

Founder 120

Founder Lean Hawaii Incubator 120

Steve Blank

FEBRUARY 22, 2016

While finding product-market fit is important, getting the rest of the business model right is the difference between and a great demo and a great business. He is also a co-founder of XediaLabs , a DC-based incubator that provides training and technical consulting to local startups.

Cofounder 120

Cofounder DC Entrepreneur Silicon Valley 120

Steve Blank

AUGUST 25, 2015

He’s working to get his agency to adopt Lean and the Horizon 1, 2, and 3 innovation language (Horizon 1 executes current business models, Horizon 2 extends current business models and Horizon 3 searches for new business models ) and was now building a Lean innovation pipeline created out of my I-Corps/Lean LaunchPad classes.

Lean 120

Lean Entrepreneur Business Model Silicon Valley 120