Steve Blank

NOVEMBER 24, 2010

the wave of semiconductor startups in the 1960’s/70’s, the emergence of venture capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. The New Structure of the Venture Capital industry. or Euro-centric phenomenon.

Silicon Valley 335

Silicon Valley United States Venture Capital Software Review 335

Steve Blank

JANUARY 27, 2011

This startup search process is the business model / customer development / agile development solution stack. 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 275

Business Model Utah Intellectual Property Agile 275

Steve Blank

MAY 9, 2017

the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. Venture Capital used to be a tight club clustered around formal firms located in Silicon Valley, Boston, and New York.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

Both Sides of the Table

JUNE 8, 2010

Greycroft is Alan’s venture capital firm that recently raised its second fund ($130 million) with offices in both New York and LA. We’re here for Greycroft’s CEO Summit – a gathering of the CEO’s of their portfolio companies with guest speakers covering topics including how to build your team, PR, customer development, etc.

PR 279

PR Technical Review Portfolio Customer Development 279

Steve Blank

JUNE 15, 2009

If I did go to social events, all I would talk about was my new company. Or if you have kids, it will get asked when you’ve missed another one of their plays, soccer games or school events because you were too busy finishing that project or on yet another business trip. My company became the most important thing in my life.

Entrepreneur 276

Entrepreneur Silicon Valley Technical Review RSS 276

The Next Web

DECEMBER 30, 2012

These are with no doubt worthwhile goals, but I’d like to pose an important challenge for founders: Make learning and development your key resolution in 2013. How to Build a Startup (EP245) by Steve Blank: You’ll learn the key steps of the Customer Development process. Narrative and Comms Design by Portland State University.

Artificial Inteligence 156

Artificial Inteligence Founder Private Equity Ruby 156

Steve Blank

JULY 2, 2009

Entrepreneur-in-Residence After SuperMac I had been approached by one of our venture investors to be an entrepreneur in residence (EIR), a Silicon Valley phrase which says one thing but means another. Depending on the size of the venture firm they may have one to three EIR’s who stay an average of a year or so.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Steve Blank

SEPTEMBER 3, 2009

This post describes how the traditional product development model distorts startup sales, marketing and business development. This post describes how the traditional product development model distorts startup sales, marketing and business development.

Customer Development 215

Customer Development Developer Customer Silicon Valley 215

Steve Blank

APRIL 20, 2009

And throughout my career as an entrepreneur I kept asking questions of my VC investors and friends; Where did entrepreneurship come from? Berkeley Haas Business School was courageous enough to give me a forum teach the Customer Development Methodology. How did Silicon Valley start?

Silicon Valley 270

Silicon Valley RSS San Francisco Technical Review 270

Steve Blank

JULY 15, 2010

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Here’s why.

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Venture Capital IPO Liquidity Event Entrepreneur 297

Hearpreneur

JULY 30, 2016

Female entrepreneurs and business owners are no longer taken with a grain of salt. Female entrepreneurs continue to make strides in business despite the pay gap, discrimination, and gender politics which play out on both large and small stages. In 2015, businesses owned by women brought in more than $1.5 trillion in sales.

Technical Review 48

Technical Review Technical Cofounder Entrepreneur CTO Hire 48

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. In the few days I was in China I met with several VC’s, angel investors, business press and spoke to hundreds of entrepreneurs. David Lin and the Microsoft China Accelerator was gracious enough to host two wonderful days of events for me.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

Steve Blank

JANUARY 24, 2014

Part 1: Bend, Oregon Ecosystem and Entrepreneurs. Part 2: Early-stage Regional Venture Funds. Local entrepreneurs just made it up as they went. The most fertile source of entrepreneurs is the population of existing entrepreneurial companies. Bend Venture Conference Winner. Here’s Part 3 of Dino’s story….

Engineer 307

Engineer Silicon Valley Oregon San Francisco 307

Steve Blank

MAY 7, 2009

Local venture investors and/or companies offer cash prizes for the winners. In exchange, these VCs/companies get early looks at new deal flow and offer aspiring entrepreneurs feedback and advice on their business plan. And even if they did – customers don’t ask to see your business plan. to compete.

Business Plan 140

Business Plan Silicon Valley RSS Venture Capital 140

Steve Blank

JUNE 11, 2013

For many entrepreneurs “raising money” has replaced “building a sustainable business” as their goal. Entrepreneurs need to think about 1) when to raise money, 2) why to raise money and 3) who to take money from, 4) the consequences of raising money. How much do they need to own at a liquidity event? William Shakespeare.

Venture Capital 333

Venture Capital IRR Liquidity Event Business Model 333

Steve Blank

NOVEMBER 26, 2009

So no post today on entrepreneurship, Secret History of Silicon Valley, Customer Development, Lean Startups, etc. Reply steveblank , on November 26, 2009 at 10:29 am Said: Just the stories of the entrepreneurs are bigger than life. Just a reflection on my family and hopes for our children.

Silicon Valley 137

Silicon Valley Turkey United States RSS 137

Steve Blank

JULY 16, 2009

His point was that it was in the VC’s interest in having entrepreneurs swing for the fences. However the VC’s are managing a portfolio while you, the entrepreneur are managing one company – yours. Customer Development says having a vision, faith and a set of hypotheses are a normal part of the startup experience.

Silicon Valley 207

Silicon Valley RSS Video San Diego 207

Steve Blank

JUNE 25, 2009

We shook hands with the customers, but instead of launching into a product pitch (or better, letting me launch into the pitch) he started asking how their families were. He even remembered the names of their wives and kids and some details about schools or events. (I what Market Type is your startup?

Technology 138

Technology Silicon Valley Fractional VPE Part-Time VPE 138

Steve Blank

AUGUST 5, 2010

Consumer Internet investing seems to have split off from traditional Venture Capital, and is creating a new category of VC’s: Lean VC’s. I think you can blame Customer and Agile Development for a small part of it. Electron-based Venture Capital. Here’s why.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. In the few days I was in China I met with several VC’s, angel investors, business press and spoke to hundreds of entrepreneurs. David Lin and the Microsoft China Accelerator was gracious enough to host two wonderful days of events for me.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). A group of Seedcamp entrepreneurs started a startup tools wiki for that purpose, and we thought it would be well suited here. Steve Blank on Lean Customer Development. Customer service. Event platforms. real-time event tracking.

Software Review 53

Software Review Technical Review Startup 53

Steve Blank

JUNE 11, 2013

For many entrepreneurs “raising money” has replaced “building a sustainable business” as their goal. Entrepreneurs need to think about 1) when to raise money, 2) why to raise money and 3) who to take money from, 4) the consequences of raising money. How much do they need to own at a liquidity event? William Shakespeare.

Venture Capital 225

Venture Capital IRR Liquidity Event Business Model 225

steveblank.com

JULY 8, 2011

Poplytics – online surveys and analytics AskYourTargetMarket – market research surveys SurveyMonkey - granddaddy of on-line surveys Amazon Mechanical Turk – you can set up a question and get answers PickFu – A/B testing $5 for 50 opinions Collaboration Dropbox – store, sync, and, share files online.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Both Sides of the Table

MARCH 11, 2011

He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. He came up to Bill after the event and said, “clever idea, we should do that with you.&# Too many entrepreneurs focus on dilution.

Product 350

Product Tuvalu Dilution Incubator 350

Startup Lessons Learned

OCTOBER 4, 2008

In 2007, BusinessWeek named Ries one of the Best Young Entrepreneurs of Tech and in 2009 he was honored with a TechFellow award in the category of Engineering Leadership. He serves on the advisory board of a number of technology startups, and has worked as a consultant to a number of startups, companies, and venture capital firms.

San Francisco 155

San Francisco Technical Cofounder Fractional CTO CTO 155

Up and Running

NOVEMBER 10, 2015

At Palo Alto Software, I am surrounded by entrepreneurs. Our LivePlan customers are entrepreneurs, our founder and staff have run and sold companies, the Bplans readers are aspiring entrepreneurs (or actual entrepreneurs), and as I sell my own handmade jewelry, I like to think I have a very small claim to the title.

Curation 60

Curation Lean Software Review Finder 60

Steve Blank

JULY 27, 2009

For entrepreneurs good things come to those who ask. Entreprenuers Know How to Ask Successful entrepreneurs have the ability to ask for things relentlessly. Entrepreneurs are fearless, persistent and uninhibited about asking – whether it’s asking to assemble a team, get financing, sell customers, etc.

Silicon Valley 120

Silicon Valley RSS Technical Review California 120

Steve Blank

JULY 11, 2016

And world-class entrepreneurs never quit. How founders cope with startup challenges was the focus of today’s Entrepreneurs are Everywhere radio show. Jessica Mah started InDinero in 2010 to help entrepreneurs with their accounting and tax needs after going through the same challenges with her own businesses. Jessica Mah.

Silicon Valley 120

Silicon Valley Entrepreneur Cofounder Customer Development 120

Steve Blank

OCTOBER 21, 2010

Rich Karlgaard , publisher of Forbes and co-founder of the Churchill Club refereed the event. BTW, the definition of entrepreneurship I describe at 2:50 into the video is described in detail in the post “ You’re Not a Real Entrepreneur.&# I think the expectation was that putting the two of us together would see the fur fly.

Silicon Valley 140

Silicon Valley RSS United States California 140

Steve Blank

MAY 18, 2009

In this admittedly very unscientific survey I’ve found that between a quarter and half of the students I consider “hard-core&# entrepreneurs/founders (working passionately to found a company,) self-identified as coming from a less than benign upbringing. I’ve been surprised at the data. Let me know what you think.

Founder 297

Founder Silicon Valley RSS China 297

Steve Blank

JUNE 2, 2011

A revolution has taken hold as customer development and agile engineering reinvent the Startup process. The process they use to guide their search is customer development. They would: Blog their Customer Development progress as a narrative. There is nothing more powerful than an idea whose time has come.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

YoungUpstarts

JANUARY 14, 2013

“The results of programs like 500 Startups, Techstars, and Y-Combinator are well known, but due to the culture here in Europe there’s still a lot of unknowns in terms of the track record for follow on funding and results of accelerator programs based in Europe,” says Don Ritzen, co-founder and CEO of Rockstart Accelerator.

Silicon Valley 231

Silicon Valley Europe Venture Capital Incubator 231

Steve Blank

JUNE 18, 2009

But entrepreneurs can be great spouses and parents. Never miss an event. And I made sure I was in town for the major events.) As a single entrepreneur I had a philosophy of, “ I live to work ” – nothing was more exciting or important than my job. My ideas about Customer Development started evolving around these concepts.

Entrepreneur 331

Entrepreneur Silicon Valley RSS Customer Development 331

Steve Blank

AUGUST 17, 2009

Pitching the idea to the President of Stanford, Terman enthusiastically said, “In the event of all-out war , Stanford would become one of the giant electronic research centers…&# (A bit optimistic about the outcome perhaps, given that both the U.S. Stanford had a Customer Development loop going on inside their own lab.

Silicon Valley 142

Silicon Valley RSS California Government 142

www.women2.org

MARCH 8, 2012

Lessons learned from female founders and women entrepreneurs. WHATS HOT: EVENTS NEWS LEARN CAREER VIDEOS ESPAÑOL. After quitting my job and starting Sorced , I spent a few months validating my business concept by creating the product mockups and doing customer development. I received an invitation to attend the event.

Cofounder 47

Cofounder Technical Review San Francisco Founder 47

Steve Blank

MARCH 18, 2011

VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. They taught you about customers, markets and profits. The reward for doing so was a liquidity event via an Initial Public Offering. 1970 – 1995: The Golden Age.

Internet 334

Internet IPO Silicon Valley Agile 334

Up and Running

MAY 23, 2016

To give you a better idea of what entrepreneurs in this industry are thinking about during each phase of the startup process, I interviewed SaaS entrepreneurs from all over the world, including our own COO Noah Parsons. Practical Market Research Resources for Entrepreneurs. venture capital. Step 2: Test your idea.

Software Review 74

Software Review Software Delaware Forecast 74