Steve Blank

MAY 26, 2009

Verticals Are Different I began to realize that entrepreneurs (and their professors) act like every vertical market and industry has the same set of rules. So the first heuristic is: do not assume the startup rules are the same for all vertical markets. Just for discussion, the markets I chose were: Web 2.0,

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Vertical Silicon Valley Intellectual Property RSS 149

Steve Blank

MAY 28, 2009

Steve,&# he said, “you’re missing the most interesting part of vertical markets. If the product does work, and say we’ve developed a drug that cures a type of cancer, your only problem is how big is the licensing deal going to be – not about whether there will be customers. In these markets it’s all about invention risk.

Vertical 144

Vertical Silicon Valley Marketing Customer 144

Steve Blank

NOVEMBER 16, 2009

I was in New York last week with my class at Columbia University and several events made me realize that the Customer Development model needs to better describe its fit with web-based businesses. However the Customer Development Model and the Lean Startup work equally well for startups on the web.

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Customer Development Web Developer Customer 219

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development. So what’s wrong the product development model?

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Customer Development Developer Customer Silicon Valley 238

Steve Blank

SEPTEMBER 7, 2009

Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. Part 4 of the Customer Development Manifesto to follow.

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Customer Development Developer Customer Silicon Valley 224

Steve Blank

NOVEMBER 30, 2009

Customer Development is all about gathering a list of what features customers want by talking to them, surveying them, or running “focus groups.” Customer Development is about Testing the Founder’s Hypothesis Any idiot can get outside the building and ask customers what they want, compile a feature list and hand it to engineering.

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Customer Development Developer Customer Silicon Valley 278

Steve Blank

JULY 7, 2009

luck… and as one of Steve Blank’s posts today mentioned, you can’t test hypotheses from within your building.

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Customer Development Developer Silicon Valley Customer 124

VC Cafe

JUNE 30, 2022

Solving the collaboration layer in real time will unlock many opportunities for Metaverse developers. I love landscapes as they help organise the categories needed to define the vertical. Before celebrating the Metaverse as the next big thing or discard it as a fad, we need to give it time to develop.

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Cloud Venture Capital Cofounder Non-Compete 200

Steve Blank

NOVEMBER 21, 2015

In the Installation Period , a great surge of technology development (Perez calls this Irruption) is followed by an explosion of investment (called the Frenzy.) For example, US Steel had integrated vertically and was involved in the mining of the iron ore all the way to the production of various steel products, e.g., nails.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

SiliconHills

DECEMBER 12, 2014

Other participating in the round were Noro-Moseley Partners, Harmony Partners, Altos Ventures and Capital Factory. The Austin-based startup plans to use the money on office expansion, product development and new vertical markets.

Venture Capital 106

Venture Capital Vertical Austin Social Media 106

Steve Blank

MAY 17, 2022

It uses new words to define programming steps, job descriptions, development tools, etc. People (programmers) write software code (programming) to develop applications, thinking a priori about all the rules, logic and knowledge that need to be built in to an application so that it can deliver a specific result.

Artificial Inteligence 417

Artificial Inteligence Software Review Algorithm Technical Review 417

Both Sides of the Table

OCTOBER 21, 2009

On the third Wednesday of every month I co-chair a meeting called the SoCal VCA (venture capital alliance), which represents participants from all of the top venture capital firms in Southern California as well as prominent members of the Tech Coast Angels (TCA). What are your predictions for the road ahead.

Technical Review 241

Technical Review IPO Southern California Venture Capital 241

VC Cafe

APRIL 29, 2020

According to the Covid-19 impact report by research firm Beauhurst: 5,070 UK companies are at a ‘severe’ or ‘critical’ risk 615K startup and scaleup jobs are at risk Later stage startups are at the most risk Across the board, tech sectors and verticals are the most likely to experience a positive or low impact.

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SBA Technical Review Startup 124

Version One Ventures

SEPTEMBER 3, 2014

Each month, we pick an up-and-coming vertical or theme and do a deep dive (with the help of Mattermark … portfolio plug). In addition to developing our investment thesis, we recognize that VC is still an industry built on relationships. The post Lessons from my first year at Version One appeared first on Version One Ventures.

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Venture Capital Portfolio Vertical Technical Review 162

VC Cafe

SEPTEMBER 27, 2010

million in a second round led by previous backer Genesis Partners and joined by T-Venture , the venture capital company of Deutsche Telekom. Innovid has developed an interactive pre-roll ad format called iRoll, that encourages users to click on moving objects with the interactive ads before watching the video.

Software Review 138

Software Review Venture Capital Technical Review SEM 138

Hearpreneur

FEBRUARY 19, 2023

No-code and low-code platforms are making it easier to develop an app, build a platform, or build digital businesses that were once saved for people with in-depth technical knowledge or deep enough pockets to hire them. From improving customer experience to developing new business models, the possibilities are endless.

Artificial Inteligence 104

Artificial Inteligence Technical Review Entrepreneur Global 104

Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Steve Blank

OCTOBER 19, 2009

Other advisors provided marketing with industry-specific advice in our initial vertical markets (computational fluid dynamics, computational chemistry, finite element analysis, and petroleum engineering). Some of these advisors from the academic community would work with our of VP of Engineering and help us solve specific technical problems.

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Engineer Silicon Valley Part-Time VPE Advisory Board 198

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. The Customer Development process (and the Lean Startup) is one way to do that.

Lean 244

Lean Silicon Valley Startup RSS 244

VC Cafe

FEBRUARY 15, 2017

Don’t take my word for it – in the roundup of venture capital predictions for 2017 , I found it to be the top recurring theme. Many large companies will be built (Michael Wolfe, Point Nine Capital). Venture Capital investments in AI, Europe 2016 (Source: Dealroom ). Billion in VC funding.

Artificial Inteligence 122

Artificial Inteligence Technical Review Startup 122

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . At Flow Capital, we use HubSpot’s sequences and workflows functions to automate a bulk of our emails and internal tasks. 3) Raise capital. An example of a tech-enabled VC is Corl.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Steve Blank

MARCH 19, 2009

Now with a new infusion of $8 million dollars of venture capital, SuperMac had been resurrected from the dead and was attempting to restart. The assets were a series of products already developed and on the market or in the development pipeline. The first step was to recruit a new management team.

Silicon Valley 146

Silicon Valley Software Review Technical Review RSS 146

Hearpreneur

DECEMBER 8, 2019

2- Transformative development. 2019 was full of transformative development for Intellifluence. Throughout that development process the marketing team kept pressing, leading the company to 50,000 influencers over the Summer, which made us the largest warm contact influencer network in the market. Lancaster ! #2-

Entrepreneur 117

Entrepreneur Technical Review Vertical Las Vegas 117

VC Cafe

JULY 7, 2023

To put things in context, global venture funding in Q2 2023 reached $65 billion, an 18% decline quarter over quarter, and a 49% drop compared to the second quarter of 2022, when startup investors spent $127 billion, according to Crunchbase. I tried to consolidate my thoughts as well as other perspectives from leading venture capital funds.

Generative AI 88

Generative AI ChatGPT Startup 88

Steve Blank

FEBRUARY 23, 2009

I was consulting for the two venture capital firms who between them put $12 million into my last failed startup. I began to gain an appreciation of how world-class venture capitalists develop pattern recognition for these common types of problems. “Oh Oh yes, company X, they’re having problem 343.

Silicon Valley 125

Silicon Valley RSS Venture Capital Customer Development 125

VC Cafe

NOVEMBER 7, 2022

Generative AI will really become magic when it moves from 'playful' to 'useful' – we will use multiple generative AI tools at work in the future, like we use grammarly and canned responses today… AI will become more vertical, and specific per role — Eze Vidra (@ediggs) November 5, 2022.

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Generative AI Artificial Inteligence API Vertical 195

Austin Startup

JUNE 27, 2017

Austin-Based Venture Capital Firms There are a eleven venture capital firms based in Austin that are actively investing today, six of which are first funds. VC Firms Actively investing in Austin Companies Finally, there are a group of venture capital firms that are not based in Austin that are active investors here.

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Venture Capital Austin Texas Private Equity 54

Steve Blank

JUNE 8, 2009

In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. In contrast to simply executing your business plan, the Customer Development process is built on low-cost and continuous learning and iterating.

Vertical 122

Vertical Silicon Valley RSS Marketing 122

Steve Blank

JUNE 3, 2009

Reducing Risk – Simulation versus Customer Development If you remember the first part of this discussion, startups face two types of risk; invention risk and/or customer/market risk. The Customer Development Process I teach and write about is designed to do just that.

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Vertical Silicon Valley Marketing RSS 128

abovethecrowd.com

FEBRUARY 27, 2019

In 1817, David Ricardo published On the Principles of Political Economy and Taxation where he expanded upon Smith’s work in developing the theory of Comparative Advantage. In many cases, a deeper focus on a particular category or vertical allows these marketplaces to distinguish themselves from broader marketplaces like eBay.

Internet 88

Internet Matching Vertical Hosting 88

VC Cafe

MAY 23, 2023

As I mentioned in my post on the LLM Benchmarking , venture capital investment in AI startups was down 43% in Q1 2023. This Open LLM Leaderboard on Hugging Face is a good example of the developer excitement and engagement in this space.

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Generative AI Artificial Inteligence ChatGPT API 165

ReadWriteStart

NOVEMBER 3, 2011

Finally, for those of you who need some additional infusion of courage, please study the story of Ryan Allis in North Carolina who bootstrapped his company iContact to $1 million in revenue and THEN raised venture capital to get to $40 million. In that case, the verticals of choice could be manufacturing, wholesale and retail.

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North Carolina San Diego Entrepreneur Balance Sheet 116

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

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

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Revenue Technical Review Software Review Equity 60

thebarefootvc

AUGUST 13, 2013

These vertical solutions would focus on specific pain pain points in the enterprise, such as logistics or customer relationship management. Client-server has moved to the cloud (dramatically decreasing the cost of software development and deployment), and mobile apps are everywhere. Fast forward to 2013.

Advisory Board 70

Advisory Board Cloud Venture Capital Vertical 70

VC Cafe

SEPTEMBER 8, 2023

But builders who see AI as the driving force behind product development and GTM strategy will actually create new markets and experiences that never existed before. Index Ventures also pointed out the potential of generative AI to disrupt vertical SaaS.

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Generative AI ChatGPT Artificial Inteligence Cofounder 78

Cracking the Code

FEBRUARY 12, 2019

We worked closely together on this exciting new investment. ** While still very much in its infancy when it comes to development and adoption, a decentralized financial system has the ability to be massively disruptive and important for decades to come. This post was written with my colleague Amit Kumar.

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Web Silicon Valley Technical Review Artificial Inteligence 48