Startup Professionals Musings

JUNE 30, 2019

According to my experience and a this Motley Fool article, the challenge is very real, with around half of all new businesses no longer existing after five years. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively. Join a startup incubator.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Steve Blank

SEPTEMBER 1, 2021

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. And they also recognize that simply exploiting their existing assets, capabilities, and business models is insufficient for long-term survival.

Incubator 414

Incubator Lean Agile Business Model 414

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. Filed under: Customer Development , Lean LaunchPad , Teaching.

Lean 319

Lean Customer Development Sales Cycle Business Model 319

Steve Blank

JANUARY 30, 2013

With hindsight we should have had “proof of concepts” tested in a corporate center (think ‘pop-up incubator’) where they would do extensive Customer Discovery. We should had done this before assigning the teams to a particular business unit (or had the ability to create a new business unit, or spin the team out of the company).

Programming 269

Programming Technical Review Incubator Intellectual Property 269

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. to get hard-earned information.

Lean 303

Lean Business Model Customer Development Guinea 303

Startup Professionals Musings

JULY 14, 2014

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

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. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively.

Product Development 177

Product Development Cost Developer Product 177

Steve Blank

DECEMBER 17, 2015

In our last post, we addressed the six key questions that senior management should address to determine if an Innovation Outpost makes sense for a company. In the second stage, it moves into Investing, Inventing, Incubating and Acquiring technologies and companies, and in the third stage building product(s ). Silicon Valley, Boston).

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Startup Professionals Musings

FEBRUARY 19, 2013

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

JANUARY 12, 2018

According to a recent Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. 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.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

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

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

AUGUST 25, 2015

I’ve spent this year working with corporations and government agencies that are adopting and adapting Lean Methodologies. Several pockets of innovation in his agency have begun to look to startups and have tried to adopt lean methods. —– What Have We Lost? Yet today at dinner his frustration just spilled out.

Lean 120

Lean Entrepreneur Business Model Silicon Valley 120

Steve Blank

JUNE 18, 2013

The Lean LaunchPad entrepreneurship curriculum has caught fire. 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? Victor Hugo.

Lean 291

Lean Agile Customer Development Business Model 291

Startup Professionals Musings

JULY 8, 2015

The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively.

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

ReadWriteStart

JUNE 1, 2020

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. Incubators and Accelerators.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Steve Blank

MAY 9, 2017

Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.) What this means is that the emergence of incubators and super angels have dramatically expanded the sources of seed capital. The founders.

Restful 238

Restful Silicon Valley Puerto Rico San Jose 238

Up and Running

JANUARY 24, 2019

A bank or fund manager will always ask you what is your appetite for risk; is it low, medium, or high? If your risk tolerance is low, don’t start a business—because most days will contain some risk or other. Before you can start a company, you need a business idea. Write a Lean Business Plan.

Lean 93

Lean Balance Sheet Bankruptcy Business Model 93

Steve Blank

NOVEMBER 7, 2013

In 2012 I got together with Alexander Osterwalder , Henry Chesbrough and Andre Marquis to think about the Lean and the future of corporate innovation. What CEOs, management teams and shareholders care about is growth —revenue growth, greater user adoption, increased market share, bigger margins, etc.

Lean 329

Lean Nepal Cofounder Customer Development 329

Steve Blank

JUNE 18, 2013

The Lean LaunchPad entrepreneurship curriculum has caught fire. 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? Victor Hugo.

Lean 183

Lean Agile Customer Development Business Model 183

Steve Blank

NOVEMBER 25, 2013

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. We now have the tools, technology and data to take incubators and accelerators to the next level. We think we can do better.

Oakland 329

Oakland Incubator Lean Metrics 329

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 315

Incubator Intellectual Property Startup Lean 315

Steve Blank

AUGUST 4, 2016

Hacking for Diplomacy is a new course from the Management Science and Engineering department in Stanford’s Engineering school and Stanford’s International Policy Studies program that will be first offered in the Fall of 2016. The management of all these relationships is called diplomacy. Lessons Learned.

Lean 164

Lean Government Agile Africa 164

Steve Blank

MAY 29, 2019

Lean LaunchPad class developed for Stanford. 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.” And the Lean LaunchPad class I developed at Stanford was the first such class.

Incubator 332

Incubator Lean Programming Government 332

Steve Blank

AUGUST 4, 2016

Hacking for Diplomacy is a new course from the Management Science and Engineering department in Stanford’s Engineering school and Stanford’s International Policy Studies program that will be first offered in the Fall of 2016. The management of all these relationships is called diplomacy. Lessons Learned.

Lean 120

Lean Government Agile Africa 120

Steve Blank

JUNE 5, 2018

Is your organization full of Hackathons, Shark Tanks, Incubators and other innovation programs, but none have changed the trajectory of your company/agency? We describe their efforts as “heroic” because all the established procedures and processes in a large company are primarily designed to execute and support the current business model.

Programming 324

Programming Incubator Leadership Silicon Valley 324

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

JANUARY 22, 2013

My co-author and business Partner Bob Dorf spends much of his time traveling the world teaching countries and companies how to run the Lean LaunchPad program. The hands-on Lean LaunchPad program offers the most intense support of all. The first 8-week Lean LaunchPad Colombia program. program.

Colombia 324

Colombia Lean Silicon Valley Coder 324

Steve Blank

DECEMBER 30, 2014

Our Lean Launchpad® for Life Sciences is one of them. ———– The National Institutes of Health recognizes that Life Science/Health Care commercialization has two components: the science/technology, and the business model. Incubators are designed for teams with an idea.

San Diego 264

San Diego North Carolina Chicago Lean 264

Steve Blank

JANUARY 22, 2013

My co-author and business Partner Bob Dorf spends much of his time traveling the world teaching countries and companies how to run the Lean LaunchPad program. The hands-on Lean LaunchPad program offers the most intense support of all. The first 8-week Lean LaunchPad Colombia program. program.

Colombia 287

Colombia Lean Silicon Valley Coder 287

Austin Startup

MAY 11, 2017

We make a majority of our investments in those sectors and prioritize proven business models. Aligned Partners offers our portfolio companies world-class venture capital expertise while enabling founders to start lean and stay lean all the way through their growth.

Private Equity 48

Private Equity Venture Capital Technical Review Seed Stage 48

steveblank.com

JULY 8, 2011

signup, upgrade, trial pricing Zuora – online subscription management FeeFighters – find the cheapest credit card processors HealPay – Collections made easy Customer Support Tender – support, knowledgebase tool for your site GetSatisfaction - conversations between companies / customers.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Steve Blank

FEBRUARY 11, 2014

When my Lean LaunchPad class was adopted by the National Science Foundation , we taught our original classes to scientists scattered across the U.S. Embracing the “too dumb to know it can’t be done,” I worked with a friend from Stanford, Sebastian Thrun and his startup Udacity , to put my Lean LaunchPad lectures online.

Lean 323

Lean Incubator Video Open Source 323

Steve Blank

DECEMBER 13, 2011

We spent a year screwing it up in our Lean LaunchPad classes until we figured out it was about having the right team. As many teams as most startup incubators.). So as a first step we made students formally apply and interview for the Lean LaunchPad class. Startup Team Lessons Learned. Get into the Class. Step One – Set a Bar.

Startup 327

Startup Lean Engineer Business Model 327

Steve Blank

SEPTEMBER 19, 2017

His groups whole-heartedly adopted and adapted Lean. 14 different innovation teams were going through a 3-month I-Corps/Lean LaunchPad program to validate product/market fit. 14 different innovation teams were going through a 3-month I-Corps/Lean LaunchPad program to validate product/market fit. Our CEO is behind the program.

Finance 248

Finance Lean Metrics Programming 248

Steve Blank

MARCH 17, 2015

I listened as Roberto listed the obstacles to the new innovation program at Sprocket, “We’ve created innovation teams in both the business units and in corporate. The division general managers have given us their support. His groups whole-heartedly adopted and adapted Lean. Our CEO is behind the program. Lessons Learned.

Lean 120

Lean Metrics Business Model Distribution 120

Steve Blank

OCTOBER 27, 2015

That means the entire company is driven by directors – the artists – not by corporate executives in management with MBA’s or financial models or a development department. Pixar directors use their ability to tell a compelling story to convince management that their initial idea is powerful enough to be a great movie.

Founder 120

Founder Lean Hawaii Incubator 120