Steve Blank

APRIL 12, 2013

This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors.

Venture Capital 163

Venture Capital China Offshore SBIR 163

Steve Blank

APRIL 14, 2013

The Chinese government must be laughing hysterically over U.S. When the Chinese government censors (run by their propaganda department ) shutdown access to yet another U.S. And when the government tools to detect encrypted VPN’s get more sophisticated, (as it did last year), Chinese users just use stealthier tools.

China 215

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ReadWriteStart

OCTOBER 13, 2011

I presented to thousands of entrepreneurs, talked to 17 startups, gave 12 lectures, had nine interviews, chatted with eight VC's, sat on four panels, talked policy with two government ministers, two members of parliament, one head of a public pension fund and was in one TV documentary. A government that's trying to help, but gets in the way.

Finland 158

Finland Venture Capital Government Russia 158

Steve Blank

APRIL 10, 2013

China has embraced state capitalism in a way Wall Street can only dream about. Startups, Venture Capital and the Communist Party: how did this happen in China? Research universities also became an integral part of the military ecosystem as the federal government pumped billions into supporting science. Lessons Learned.

China 315

China Taiwan Silicon Valley Guam 315

Steve Blank

AUGUST 13, 2009

Customer Development/Lean Startups In hindsight startups and the venture capital community left out the most important first step any startup ought to be doing – hypothesis testing in front of customers- from day one. It’s what my textbook on Customer Development describes. I was an idiot.

Silicon Valley 179

Silicon Valley RSS Technical Review Lean 179

Steve Blank

APRIL 10, 2013

China has embraced state capitalism in a way Wall Street can only dream about. Startups, Venture Capital and the Communist Party: how did this happen in China? Research universities also became an integral part of the military ecosystem as the federal government pumped billions into supporting science. Lessons Learned.

China 207

China Taiwan Silicon Valley Guam 207

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. China has the biggest Venture Capital industry outside the U.S. Entrepreneurship in Beijing.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

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

AUGUST 20, 2013

government is the leading payer for most of health care, and under ObamaCare the government’s role in reimbursing for medical technology will increase. Venture Capital Issues. Venture Capital Issues. Early stage Venture Capital for medical device startups has dried up. Venture Capital.

Startup 294

Startup Venture Capital Lean IPO 294

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.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Steve Blank

AUGUST 17, 2009

Stanford had a Customer Development loop going on inside their own lab. The discoveries in tube and circuit research suggested new electronic intelligence and countermeasure techniques and systems; in turn the needs of the Applied Lab pushed tube and circuit development. on August 18, 2009 at 4:39 am Said: [.]

Silicon Valley 142

Silicon Valley RSS California Government 142

Steve Blank

JULY 25, 2011

While this signaled that investments in technology companies could be very lucrative, both Shockley and Fairchild could only be funded through corporate partners – there was no venture capital industry. government backed venture firms and limited partnerships. A wave of innovation was about to meet a pile of risk capital.

Engineer 305

Engineer Silicon Valley United States Venture Capital 305

Steve Blank

AUGUST 14, 2009

Something you can appreciate if you’ve read my class text on Customer Development.) Those of you with a reader still have it.) (Those of you with a reader still have it.) It was a rough draft you’ll see again when I can finish complete sentences.

Silicon Valley 120

Silicon Valley Government RSS California 120

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. China has the biggest Venture Capital industry outside the U.S. Entrepreneurship in Beijing.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Steve Blank

JANUARY 6, 2011

Second, to share how my how my thinking about entrepreneurship as a distinct practice and how Customer Development as one of its central components has evolved over the last decade. His big payoff from this effort is the chance to put a few lines of copy about his latest venture, Clearshore, at the bottom of each podcast link email.

Silicon Valley 195

Silicon Valley California Vertical Customer Development 195

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. 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. Here’s how.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

Steve Blank

JUNE 2, 2011

A revolution has taken hold as customer development and agile engineering reinvent the Startup process. It’s time to ask why startup board governance has failed to keep pace with innovation. The process they use to guide their search is customer development. Weekly blog of the customer development narrative.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

Steve Blank

JULY 28, 2011

The combination of Venture Capital and technology entrepreneurship is one of the great business inventions of the last 50 years. government agency that supports research in all the non-medical fields of science and engineering - is changing the startup landscape for scientists and engineers. Until today. billion U.S.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

Steve Blank

MAY 12, 2015

After seeing the results of 500+ teams through the I-Corps, the NSF now offers all teams who’ve received government funding to start a company an introduction to building a Lean Startup. small businesses to turn Government-funded research into commercial businesses. startups that don’t fit whatever’s hot in venture capital.

SBIR 120

SBIR Maryland Lean Seed Stage 120

Steve Blank

JUNE 1, 2011

As customer and agile development reinvent the Startup, it’s time to ask why startup board governance has not kept up with the pace of innovation. 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. Here’s how.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

Steve Blank

JUNE 15, 2010

Do they “get&# Customer Development ? Do They Get Customer Development? Have they heard about Customer Development ? Can they tell you what you should be doing in Customer Discovery and Customer Validation ? Filed under: Durant versus Sloan: Startups Verus Companies , Venture Capital.

Founder 231

Founder Vesting Later Stage Early Stage 231

Steve Blank

APRIL 6, 2009

If you are a practitioner of Customer Development, ESL was doing it before most us were born. The Arms Factories that Won the Cold War Were Semiconductor Factories Who was the government official pushing all of this? From 1977 to 1981 Perry cranked up spending for research and development on a massive scale. (I

Silicon Valley 171

Silicon Valley Stealth RSS California 171

Both Sides of the Table

NOVEMBER 4, 2012

I had this discussion with Steve with the camera rolling and we talked about “ The Secret History of Silicon Valley ” as place that largely grew out of defense and government spending plus research labs around the Stanford campus. 4:30 How did you come up with the idea of customer development?

Community 350

Community Silicon Valley Detroit Chicago 350

Steve Blank

APRIL 11, 2013

This post is about the how the Chinese government engineered technology clusters. Of all the Chinese government programs, the Torch Program is the one program that kick-started Chinese high-tech innovation and startups. Venture Guiding Fund. Part 3, the next post describes the rise of Chinese venture capital.

Programming 278

Programming Technical Review SBIR China 278

Steve Blank

DECEMBER 30, 2014

Key stakeholders in the broader healthcare ecosystem will be co-located under one roof: entrepreneurs, universities, established companies and strategic partners, providers, payers, hospitals, service providers, associations, advocacy groups, government and more. It Takes a Village. It has density,” he said.

San Diego 261

San Diego North Carolina Chicago Lean 261

Steve Blank

APRIL 11, 2013

This post is about the how the Chinese government engineered technology clusters. Of all the Chinese government programs, the Torch Program is the one program that kick-started Chinese high-tech innovation and startups. Venture Guiding Fund. Part 3, the next post describes the rise of Chinese venture capital.

Programming 170

Programming Technical Review SBIR China 170

Steve Blank

AUGUST 3, 2009

The Cold War After World War II ended, our wartime ally the Soviet Union kept its army in Eastern Europe and forcibly installed Communist governments in its occupied territories. That same year China fell to the communists under Mao Zedong, and the Nationalist government retreated to Taiwan. Meanwhile the U.S.

Silicon Valley 153

Silicon Valley RSS Europe Germany 153

ReadWriteStart

AUGUST 1, 2011

The combination of venture capital and technology entrepreneurship is one of the great business inventions of the last 50 years. Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "Customer Development" methodology detailed in his book, "The Four Steps to the Epiphany."

Silicon Valley 118

Silicon Valley Intellectual Property Balance Sheet Lean 118

ReadWriteStart

JUNE 13, 2011

As customer and agile development reinvent the startup, it's time to ask why startup board governance has not kept up with the pace of innovation. 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. Here's how.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Steve Blank

MAY 16, 2016

Why Innovation in Government Is Hard. The OODA loops and the four steps of Customer Development and the Lean Methodology are rooted in the same “get of the building/get eyes out of your cockpit” and “speed and urgency” concepts.) (This post is a continuation of the series. See all the H4D posts here.

San Diego 142

San Diego Metrics Indonesia Silicon Valley 142

SoCal CTO

DECEMBER 1, 2010

Storm Clouds - A VC : Venture Capital and Technology , November 12, 2010 We have enjoyed an amazing run in the web startup and investing space over the past five or six years. Competing To Win Deals - A VC : Venture Capital and Technology , November 7, 2010 The venture capital business is highly competitive.

Technical Review 175

Technical Review Technology Product CTO Hire 175

ReadWriteStart

FEBRUARY 17, 2011

Well, it turns out that to port long tail productivity apps to Google's App Engine is a somewhat cumbersome job, and requires a lot of custom development. The long tail apps can easily be ported to or developed on Google App Engine in a third of the time and cost using OrangeScape as an application platform. Enter OrangeScape.

Entrepreneur 114

Entrepreneur India Silicon Valley Massachusetts 114

Steve Blank

JULY 2, 2009

To an entrepreneur, being asked to join a venture firm with an Entrepreneur-in-Residence title means you have been tapped on the shoulder by the VC gods. The CDROM content business in the early 1990’s was one of the many of the long line of venture capital fads. Lots of ideas sound exciting because people are clueless.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

SoCal CTO

SEPTEMBER 8, 2010

How To Pitch A Product - A VC : Venture Capital and Technology , August 4, 2010 I've said a bunch of times on this blog that the perfect pitch is a very short intro to provide context followed immediately by a demo. More tiers = more complication = more confusion. Have convertible notes really won? equity debate. Final Thought.

Startup 191

Startup CTO Hire Cofounder Venture Capital 191

Steve Blank

JUNE 11, 2013

If you don’t have scale as a goal then you shouldn’t be raising money from angel or venture investors, you should be getting a commercial or government small business loan.). • Search. These types of startups are better suited to raising money from friends, family, commercial and government small business loans, etc.

Venture Capital 333

Venture Capital IRR Liquidity Event Business Model 333

Steve Blank

AUGUST 24, 2009

The quintessential California couple, they stood out in our crowd as the engineer (in his late 20′s, respected by his peers and the customer) had hair down to his shoulders, sharply contrasting with the military crewcuts of the customers and most of the other contractors. Reply Michael F. This is the way the world works.

Silicon Valley 184

Silicon Valley PR Technical Review RSS 184

David Teten

OCTOBER 1, 2015

I’ve seen a range of options for supporting entrepreneurs, which I can rank from least to most involvement in companies by investors: financier VCs, e.g., Correlation Ventures. portfolio operator VCs, e.g., Andreessen Horowitz, ff Venture Capital, First Round Capital, Google Ventures. mentor VCs, e.g., most VCs.

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Software Developers Software Development Software Review Technical Cofounder 60