Steve Blank

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No One Wins In Business Plan Competitions

Steve Blank

Last week one of the schools I teach at invited me to judge a business plan contest. I suggested that they first might want to read my post on why business plans are a poor planning and execution tool for startups. At best I think business plan competitions are a waste of time.

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When Hell Froze Over – in the Harvard Business Review

Steve Blank

.” It defined a startup as a “temporary organization designed to search for a repeatable and scalable business model.” Today its concepts of “minimum viable product,” “iterate and pivot”, “get out of the building,” and “no business plan survives first contact with customers,” have become part of the entrepreneurial lexicon.

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The Helsinki Spring

Steve Blank

Startup Accelerators: Startup Sauna and Vigo which includes Lifeline Ventures , KoppiCatch , and Veturi. Business Angels: FiBAn , Sitra. Venture Capital: FVCA , NextIt Ventures , Primus Ventures , Open Ocean Capital , Connor VC , and Inventure. 9-to-5 Venture Capital.

Finland 324
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Is the Lean Startup Dead?

Steve Blank

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. After the crash, venture capital was scarce to non-existent. Then one day it was over. IPOs dried up.

Lean 335
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When Hell Froze Over – in the Harvard Business Review

Steve Blank

.” It defined a startup as a “temporary organization designed to search for a repeatable and scalable business model.” Today its concepts of “minimum viable product,” “iterate and pivot”, “get out of the building,” and “no business plan survives first contact with customers,” have become part of the entrepreneurial lexicon.

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The 47th (-46) International Business Model Competition

Steve Blank

When founders discover their assumptions are wrong, as they inevitably will, the result isn’t a crisis , it’s a learning event called a pivot — and an opportunity to update the business model. Business Model Versus Business Plan. Filed under: Business Model versus Business Plan , Teaching , Venture Capital.

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Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

The country needs to figure out a long term privatization strategy for Venture investing. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. Finnish culture makes risk-taking and sharing hard.

Finland 324