Steve Blank

APRIL 23, 2014

For decades large companies have gone shopping in Silicon Valley for startups. Companies manage these three types of innovation with an innovation portfolio – they build innovation internally, they buy it or they partner with resources outside their company. Silicon Valley – a Corporate Innovation Candy Store.

Acquisition 333

Acquisition Intellectual Property Silicon Valley Startup 333

Steve Blank

SEPTEMBER 5, 2018

When Netscape went public, it unleashed a frenzy from the public markets for anything related to the internet and signaled to venture investors that there were massive returns to be made investing in anything internet related. Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios.

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

DECEMBER 20, 2011

In July I got a call from Errol Arkilic , a program manager at the National Science Foundation (NSF), the $6.8-billion We taught them the business model / customer development / agile development solution stack. we couldn’t keep them in Silicon Valley for all 8 weeks, so we tried an experiment in teaching remotely.

Incubator 306

Incubator Government Silicon Valley Lean 306

Steve Blank

DECEMBER 17, 2015

Read part one on the Evolution of Corporate R&D , part two on Innovation Outposts in Silicon Valley , and part three The 6 Decisions to Make Before Setting up an Innovation Outpost. Silicon Valley, Boston). These priorities have been identified by earlier planning work at the senior management level.

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 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. Management 101.

China 326

China Silicon Valley Non-Compete Intellectual Property 326

Reid Hoffman

JULY 27, 2021

I have a standard aphorism I share when I speak with a group of MBA students: “There are two things that need to be explained away in order for me to invest in your startup: An MBA or a background in management consulting.”. Going to business school is one of the worst places to accomplish this. It’s okay to prepare yourself first.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

I have a standard aphorism I share when I speak with a group of MBA students: “There are two things that need to be explained away in order for me to invest in your startup: An MBA or a background in management consulting.”. Going to business school is one of the worst places to accomplish this. It’s okay to prepare yourself first.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

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. Management 101.

China 218

China Silicon Valley Non-Compete Intellectual Property 218

Mucker Lab

AUGUST 27, 2014

As an entrepreneur himself, founding and operating printed circuit board factories in Taiwan, my father was debating between two places to immigrate to and build his next new venture: Los Angeles (“The Valley” aka San Fernando Valley) and Santa Clara (“Silicon Valley”).

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

David Teten

MARCH 18, 2021

of venture capital deals. Those companies have garnered only about 2% of all capital invested. However, we’d argue that for most smaller managers who are not brand names, it’s better to be highly identified in your niche than being a generalist. 2) Business model-defined funds. 1) Industry funds.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Steve Blank

NOVEMBER 21, 2015

Evangelos has spent the last 15 years as a Venture Capitalist, first at Apax Partners and later at Trident Capital. During the last three years he’s worked with over 100 companies, many of which established Innovation Outposts in Silicon Valley. These specialist companies were still small local businesses.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

Steve Blank

NOVEMBER 16, 2009

Eric Ries in Times Square For any model to be useful it has to predict what happens in the real world – including the web. I realized the Customer Development model needs to be clearer in what exactly a startup is supposed to do, regardless of the business model. “What is the “Business Model” of your startup?&#

Customer Development 224

Customer Development Web Developer Customer 224

Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 225

Silicon Valley IPO Technical Review Venture Capital 225

Steve Blank

OCTOBER 24, 2017

To turn your company’s stock into cash, you engaged a top-notch investment bank (Morgan Stanley, Goldman Sachs) and/or their Silicon Valley compatriots (Hambrecht & Quist, Montgomery Securities, Robertson Stephens). — all great things when you are executing and scaling a known business model. Board Control.

Founder 256

Founder Technical Review CTO Hire IPO 256

philipsmith.typepad.com

SEPTEMBER 24, 2011

Silicon Valley Frontlines. Posted by Philip Smith on January 23, 2010 at 02:55 PM in Business Management , Fundraising , Getting going. , Business Management. Life in the Valley. New Business Models. Tech Business Environment. Venture Capital. Save to del.icio.us. |.

Silicon Valley 40

Silicon Valley Equity Technical Review Recapitalization 40

Both Sides of the Table

OCTOBER 19, 2009

On December 3rd Brad Feld wrote a one paragraph blog post titled “ Raising Venture Capital &# in which he linked to my blog. The managing partner of the firm called me the next day. The Original Post (after the jump): Venture Capital, By Mark Suster (December 2nd, 2006). Thus is venture capital.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Steve Blank

APRIL 10, 2009

Too often, CEOs and small business managers suffer from analysis paralysis. Reply Why Startups are Agile and Opportunistic -- Pivoting the Business Model , on April 14, 2010 at 6:32 am Said: [.] to see if they need to make a Pivot to find a better model. Steve Blanks 30 years of Silicon Valley startup advice.

Silicon Valley 305

Silicon Valley RSS Startup Agile 305

Steve Blank

NOVEMBER 5, 2009

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Is there a profitable business model? The Traditional VC Pitch Entrepreneurs who pursue the traditional product development model don’t have customer data to answer these questions. Can it scale?”

Customer Development 266

Customer Development Developer Customer Silicon Valley 266

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. It’s a big idea.) before you ship.

Customer Development 242

Customer Development Developer Customer Silicon Valley 242

Steve Blank

JANUARY 20, 2014

Before moving to Bend last year, my career took me from engineering development roles at defense contractors in the 80’s to product management and executive marketing roles in companies like Qualcomm in the 90’s, to the world of venture capital at several firms including Bay Partners, Formative Ventures and Vulcan Ventures.

Silicon Valley 316

Silicon Valley Oregon Lean Venture Capital 316

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. After Stanford, Ann joined Mike Maples’ Venture Capital firm Floodgate as a partner.

Business Model 231

Business Model Silicon Valley California Engineer 231

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.)

Customer 203

Customer Silicon Valley RSS California 203

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. Why It’s “Silicon” Valley. It might be its most important.

Engineer 310

Engineer Silicon Valley United States Venture Capital 310

Steve Blank

JUNE 25, 2009

Twenty eight years ago I was the bright, young, eager product marketing manager called out to the field to support sales by explaining the technical details of Convergent Technologies products to potential customers. So their management teams were insisting that they OEM (buy from someone else) these products. Help them?!!

Technology 140

Technology Silicon Valley Fractional VPE Part-Time VPE 140

crowdSPRING Blog

NOVEMBER 30, 2012

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! How does a cat manage to always land on their feet when falling from any height? How To Choose A Market For Your Startup Or Small Business – [link]. – [link].

Social Media 100

Social Media Small Business Central African Republic Design 100

Steve Blank

JULY 13, 2009

Our “Hollywood meets Silicon Valley” story played great in Silicon Valley, they ate it up in Hollywood, and the business press tripped over themselves to talk to us. Hype before shipping any product is an obvious flaw, but what about hyping products that have shipped but have zero business model?

Silicon Valley 122

Silicon Valley Product RSS California 122

Steve Blank

JUNE 2, 2011

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. Silicon Valley, New York). Startups now understand what they should be doing in their early formative days is search for a business model.

Silicon Valley 287

Silicon Valley Business Model Early Stage Venture Capital 287

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Silicon Valley, New York). The combination of Venture Capital and technology startups is only about 50 years old. Here’s how.

Silicon Valley 295

Silicon Valley Business Model Venture Capital Balance Sheet 295

Both Sides of the Table

MAY 7, 2011

Joel moved to Seattle, and worked at Microsoft for three years as a program manager on Excel 4.0 Joel met his co-founder for Fog Creek software and learned a valuable management lesson. While it was not a widespread problem, there was an element of micro-management at the wrong levels. 15 minutes. Pricing information.

Software Review 285

Software Review Software St. Louis API 285

Steve Blank

JUNE 1, 2011

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Silicon Valley, New York). The combination of Venture Capital and technology startups is only about 50 years old. Here’s how.

Silicon Valley 266

Silicon Valley Business Model Venture Capital Balance Sheet 266

YoungUpstarts

JANUARY 6, 2014

My personal policy is to get the idea going, make it sustainable, hire passionate and experienced managers to take my place, then move on to the next challenge. Five Mill has managed over $100 million in online marketing spend and over $3 million monthly. But as an avowed startup junkie, I’m always looking forward to the next thing.

San Francisco 154

San Francisco Business Model Silicon Valley Coder 154

thebarefootvc

JUNE 15, 2014

I noted in the blog post that Jugaad is “now an acceptable management technique…and also applies to any kind of creative and out of the box thinking which maximizes resources for a company and its stakeholders”. Since I wrote that post, millions more entrepreneurs have launched their businesses globally.

Africa 106

Africa India Bangladesh United States 106

Steve Blank

JUNE 4, 2012

This is a 3-day program for entrepreneurship faculty from around the world how to teach entrepreneurship via the Lean LaunchPad approach ( business model canvas + customer development ) and bring their entrepreneurship curriculums into the 21st century. They accounted for 65 percent (or 9.8 Mainstream Entrepreneurship.

Silicon Valley 310

Silicon Valley Lean Utah Customer Development 310

YoungUpstarts

FEBRUARY 6, 2019

Whenever you’d hear the word “startup” nowadays, you’d immediately think of a tech or software venture in Silicon Valley – the breeding ground of startups, both failures and successes. The stats are now looking better, and even venture capitalists are more prepared to take risks. Competition Forces Evolution.

Small Business 176

Small Business Silicon Valley Valuation Seattle 176

Steve Blank

MAY 18, 2009

It’s our hood alignment station,” the plant manager said proudly. These damn models weren’t designed right so we’re fixing them on the line.” One day, I was at the Ford Wixom auto assembly plant training my replacement and I was at met at the door by an irate plant manager. the manager followed us still yelling.

Founder 305

Founder Silicon Valley RSS China 305

ReadWriteStart

SEPTEMBER 10, 2010

And EVEN if you ARE an experienced entrepreneur, all but just a few VCs still want to see customer validation, business model validation and traction, before they will invest. Why not go further, develop more valuation, customer experience, and really, deeply validate the business? Next comes the topic of angels.

Cloud 115

Cloud Silicon Valley Incubator Finance 115

Steve Blank

APRIL 30, 2009

Luckily (or maybe because we were in Silicon Valley where there was a domain expert for everything) there was a very smart consultant in the retail computer space, Seymour Merrin, who preached about the importance of packaging. He had teamed up with a former product manager at P&G to deliver seminars on just this subject.

Sales 120

Sales Silicon Valley RSS Las Vegas 120