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

Steve Blank

You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. Startup incubators, business angels and VCs are starting to emerge. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital.

Finland 324
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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

The first time a few brave corporate innovators tried to overlay the Lean tools and techniques that work in early-stage startups in an existing corporation, the result was chaos, confusion, frustration and ultimately, failure. Here the company is essentially incubating a startup. Fast forward to today.

Lean 120
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How VCs Can Accelerate Portfolio Company Returns

David Teten

The company teams they work with are usually highly motivated entrepreneurs trying to engage in extensive product and customer development efforts for a product they don’t typically have a full vision of, for a customer whose needs are opaque, and for a use case which is ambiguous.

Portfolio 144
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A New Way to Teach Entrepreneurship – The Lean LaunchPad at Stanford: Class 1

Steve Blank

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. The first class was an introduction to the concepts of business model design and customer development. The Adventure Begins.

Lean 298
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How Investors Make Better Decisions: The Investment Readiness Level

Steve Blank

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. data that investors, accelerators and incubators can use to inform selection. Here’s John’s story.

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Reinventing Life Science Startups – Medical Devices and Digital Health

Steve Blank

Early stage Venture Capital for medical device startups has dried up. Some startups in this field are actually beginning with Customer Development while others struggle with the classic execution versus search problem. Filed under: Customer Development , Lean LaunchPad , Science and Industrial Policy , Teaching.

Startup 294
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Getting out of the building…by staying in the building!

Steve Blank

Yet they share values and hopefully some synergy around topics of mutual interest (same customers, or technologies). Incubators are designed for teams with an idea. And probably the most important will be the Lean LaunchPad @ Life Science Angels class for early stage life science companies.

San Diego 261