Steve Blank
JANUARY 22, 2014
Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. The cloud , open-source development tools and web 2.0 as a distribution channel have vastly reduced the amount of capital a startup needs at the early stage when the risk is greatest.
Steve Blank
DECEMBER 9, 2013
Now that you’ve gotten to know your potential channel and customers, regardless of how much money you’re going to make, will you enjoy working with these customers for the next 3 or 4 years? It was a lifelong lesson that taught me to never start a business where you hate your customers. It never goes well.
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Steve Blank
JUNE 23, 2016
Disruptive innovations are coming from startups – Telsa for automobiles, Uber for taxis, Airbnb for hotel rentals, Netflix for video rentals and Facebook for media. Which brings us to the fourth reason it’s harder for large corporations to offer disruptive breakthroughs: startups. Startups are unencumbered by the status quo.
Steve Blank
JULY 15, 2010
VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Most of the startups they invested in either died by running out of money before they found a scalable business model or ended up in the “land of the living dead” by never growing (failing to Pivot.). Startup Lifecycle Today.
Steve Blank
MARCH 18, 2011
What are they, how do they differ and what can startup do to take advantage of them? Paths to Liquidity: a quick history of the four waves of startup investing. If you “saw the movie” or know your startup history, and want to skip ahead click here. A hardware startup had to equip a factory to manufacture the product.
Steve Blank
JULY 2, 2009
Reply Mark Essel , on July 2, 2009 at 9:14 am Said: Reality distortion field isn’t the basic technique covered in startups 101? Rocket Science 2: Drinking the Kool-Aid « Steve Blank (tags: vc startup) [.] Reply Wyatt ODay , on July 2, 2009 at 8:18 am Said: Great post, Steve. I love all these war stories.
Steve Blank
JUNE 11, 2013
———– One of my ex students came out to the ranch to give me an update on his startup. It all starts with understanding what a startup is. What’s a Startup? Just as a reminder, a startup is a temporary organization designed to search for a repeatable and scalable business model. Why small amounts?
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