Steve Blank

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10,000 Startups – Startup Weekend Next

Steve Blank

The cost of attending a Startup Weekend Next is ridiculously inexpensive. It doesn’t take equity and just has a small fee that varies by city ($140 to $299), to cover event operations and expenses. How it Works. In the last decade startup incubators have become increasingly popular.

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Beyond the Lemonade Stand: How to Teach High School Students Lean Startups

Steve Blank

We realized that past K-12 Entrepreneurial classes taught students “the lemonade stand” version of how to start a company: 1) come up with an idea, 2) execute the idea, 3) do the accounting (revenue, costs, etc.). We wanted to teach our students how to think like entrepreneurs not accountants.

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ESADE Business School Commencement Speech

Steve Blank

In spite of this, private equity funds have used the rallying cry of efficiency to hijack corporate strategy and loot the profits that historically would have been reinvested into research and development and new products. For example they can reduce component cost, introduce a line extension or create new versions of the existing product.

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Why Companies are Not Startups

Steve Blank

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. For most companies it feels like innovation can only happen by exception and heroic efforts, not by design.

IRR 335
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How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Payroll costs/other variable costs. See if your fixed costs are really fixed, or will they agree to defer some for higher payments at a future date. How many months of cash do you have?

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Open Source Entrepreneurship

Steve Blank

They don’t ask for equity and charge just enough to cover the costs of pizza and the room rental. The class is organized, led and delivered by Startup Weekend , the global non-profit that teaches entrepreneurs how to launch a startup in 54 hours. TechStars and Startup America are partnering to provide mentors in the U.S.

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The Secret History of Minnesota Part 1: Engineering Research Associates

Steve Blank

Parker became President, and got 50% of the company’s equity for a $20,000 investment (equal to $315K today) and guaranteed a $200,000 line of credit (equal to $3M today). Costing $250,000 ($3.2 Each ATLAS I cost the NSA $1.3 ATLAS II cost the NSA $2.3 Parker agreed to invest. The Atlas was 45’ wide and 9’ long.

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