Steve Blank

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Why The Government is Isn’t a Bigger Version of a Startup

Steve Blank

Without a clear explanation of why this had been done, startups, which were already being funded by ever-increasing pools of venture capital, abandoned cooperation with the Defense Department and focused on high returns on social media and commercial applications. Startups dream in years, plan in months, evaluate in weeks, and ship in days.

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The Difference Between Innovators and Entrepreneurs

Steve Blank

It does mean that success in building a company that scales depends on finding product/market fit, enough customers, enough financing, enough great employees, distribution channels, etc. Some of these world-class innovators get recruited by large companies like professional athletes, with paychecks to match. Lessons Learned.

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In a Crisis – An Opportunity For A More Meaningful Life

Steve Blank

Sheltering in place during the Covid-19 pandemic, my coffees with current and ex-students (entrepreneurs, as well as employees early in their careers) have gone virtual. Pre-pandemic these coffees were usually about what startup to join or how to find product/market fit.

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Organizational Debt is like Technical debt – but worse

Steve Blank

They had reinvented a traditional print media category onto web and mobile devices for a new generation of users who were no longer buying magazines but reading online. Equally important their VP of Marketing had brilliantly executed a stream of social media campaigns (Facebook likes and partnerships, email campaigns, etc.)

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China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

For the last 10 years China essentially closed its search, media and social network software market to foreign companies with the result that Google, Facebook, Twitter, YouTube, Dropbox, and 30,000 other websites were not accessible from China. Turnover of employees in capital in Beijing is very high. like WeChat.).

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Why Real Learning is Outside the Building, Not Demo Day

Steve Blank

We came to the Lean LaunchPad class wanting to build a mobile/web research management system aimed at helping qualitative researchers better manage the media they captured in the field. In the first 4 weeks, our team got out of the building and spoke with employees at 42 different companies. Here’s how that happened. Not quite….

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Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

He sold off slower-growth, low-tech, and nonindustrial businesses — financial services, media, entertainment, plastics, and appliances. Often the short-term cuts directly affect employee salaries, jobs, and long-term investment in R&D. He doubled GE’s investment in R&D. They often kill any long-term strategic initiatives.