Steve Blank

JULY 25, 2011

Scientists and engineers as founders and startup CEOs is one of the least celebrated contributions of Silicon Valley. ESL, the first company I worked for in Silicon Valley , was founded by a PhD in Math and six other scientists and engineers. It might be its most important. ———-. Cold War Spin Outs.

Engineer 305

Engineer Silicon Valley United States Venture Capital 305

Steve Blank

MAY 30, 2016

Now with over 917 interviews of beneficiaries (users, program managers, stakeholders, etc.), Second: I also gave the commencement speech at the NYU engineering school here. Using the Lean LaunchPad methodology our teams do much more than just build a product or understand customer problems/needs. See all the H4D posts here.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Startup Lessons Learned

OCTOBER 4, 2008

Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? ) 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. Looking forward for your future posts.

San Francisco 155

San Francisco Technical Cofounder Fractional CTO CTO 155

Steve Blank

JANUARY 20, 2014

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with. Dino and I kept in touch as he moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

MAY 29, 2019

Lean LaunchPad class developed for Stanford. And the Lean LaunchPad class I developed at Stanford was the first such class. I believe the analogy is identical for entrepreneurship.The capstone entrepreneurship classes like NSF I-Corps or a Lean LaunchPad class, are for those who have already decided they want to be entrepreneurs.

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Incubator Lean Programming Government 331

Steve Blank

MARCH 29, 2010

In my last post I described my approach to one of the three classes I teach at Stanford in the engineering school: Fundamentals of Technology Entrepreneurship. After Stanford, Ann joined Mike Maples’ Venture Capital firm Floodgate as a partner. ——————-.

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Business Model Silicon Valley California Engineer 226

Steve Blank

AUGUST 31, 2009

Yet startup companies have traditionally used this model to manage and pace not only engineering but also non-engineering activities. The flaw in this thinking is that “first customer ship&# is simply the date when engineering thinks they “finished” the 1.0 Product Development Diagram 1. release of the product.

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Customer Development Developer Customer Silicon Valley 238

Steve Blank

APRIL 8, 2022

Innovation incorporates lean methodologies (customer discovery, problem understanding, MVPs, Pivots), coupled with speed and urgency, and a culture where failure equals rapid learning. The technology insights and expertise of Stanford Engineering. Defense Innovation Scholars Program – 25 students now, 50 by the end of the year.

Security 217

Security Silicon Valley China Private Equity 217

Steve Blank

APRIL 7, 2011

I spent a few days in March in Ann Arbor Michigan as a guest of Professor Thomas Zurbuchen , Associate Dean for Entrepreneurial Programs, and Doug Neal , Director of Center for Entrepreneurship in the Engineering School at the University of Michigan. Venture Capital ; met with the local hardware/software venture capital firm.

Michigan 307

Michigan Silicon Valley Venture Capital Incubator 307

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. Here’s Edmund’s description of the I-Corps Lite program. SBIR/STTR Program and Startup Seed Funding. were funded by the SBIR program.

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SBIR Maryland Lean Seed Stage 120

Startup Lessons Learned

APRIL 18, 2010

Lessons Learned by Eric Ries Sunday, April 18, 2010 Four myths about the Lean Startup Myth: Lean means cheap. Lean startups try to spend as little money as possible. Truth: The Lean Startup method is not about cost, it is about speed. Myth: The Lean Startup methodology is only for Web 2.0/internet/consumer

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Steve Blank

AUGUST 20, 2013

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? One would think that designing a medical device would be a simple engineering problem, and startups would be emerging right and left. Venture Capital Issues. Venture Capital.

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Startup Venture Capital Lean IPO 294

Steve Blank

JANUARY 21, 2016

The program examines the DNA of entrepreneurs: what makes them tick, how they came up with their ideas; and explores the habits that make them successful, and the highs and lows that pushed them forward. Tiffani was also a 2014 Code for America Fellow working with the City of Atlanta. If you can’t hear the clip, click here. Clay : Yeah.

Detroit 120

Detroit Baltimore Entrepreneur Cofounder 120

Steve Blank

JANUARY 21, 2013

Jim Hornthal splits his time between venture capital, entrepreneurship and education. Berkeley, joined me in launching the National Science Foundation Innovation Corps class and now has been teaching his own Lean LaunchPad class at Princeton. These notes were derived (read: stolen) from the Lean LaunchPad Educator’s guide.

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Lean Cofounder Dividend Business Model 282

crowdSPRING Blog

NOVEMBER 30, 2012

The problem with a Lean Startup: the Minimum Viable Product | Paul Kortman – [link]. Interesting to see Y Combinator revise funding portion of its program … The YC VC Program – [link]. Want Venture Capital Funding? A poor effort to defend a P/E ratio of 666 (Salesforce). Brilliant analysis.

Social Media 100

Social Media Small Business Central African Republic Design 100

This is going to be BIG.

APRIL 27, 2010

Sramana Mitra said not to long ago in Forbes : “I have come to observe that most business school programs have an extensive emphasis on fundraising, especially from venture capitalists, and very little pragmatic understanding of what it really takes to get a venture off the ground. break the silos!

New York 116

New York CTO Hire Technical Review New York City 116

Hunter Walker

JANUARY 11, 2021

Traditional venture capital models lean into what’s called ‘power laws.’ Basically the idea that you are backing risky new ventures, many of which will stumble along the way, but one or two of the companies you back will be such outsized successes that the investment gains from those will more than offset the others.

Startup 125

Startup Venture Capital Seed Capital Software 125

Steve Blank

JUNE 25, 2009

Their engineering teams didn’t have the expertise using off-the-shelf microprocessors (back then “real” computer companies designed their own instruction sets and operating systems.) Their engineers hated us. Engineers as Salesmen I thought (and still do) that this sales guy walked on water.

Technology 138

Technology Silicon Valley Fractional VPE Part-Time VPE 138

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. Over its lifetime a Lean Startup may spend less money than a traditional startup.

Lean 244

Lean Silicon Valley Startup RSS 244

Steve Blank

AUGUST 17, 2009

All branches of the military (the Air Force and Army would fund the program as well) wanted Stanford to build prototypes of electronic intelligence and electronic warfare systems that could be put into production by partners in industry. This means they could fund other non-military academic programs from this overhead.

Silicon Valley 142

Silicon Valley RSS California Government 142

Steve Blank

APRIL 27, 2009

—————- The next piece of the Secret History of Silicon Valley puzzle came together when Tom Byers , Tina Selig and Mark Leslie invited me to teach entrepreneurship in the Stanford Technology Ventures Program ( STVP ) in Stanford’s School of Engineering. No kidding.

Silicon Valley 180

Silicon Valley Technical Review Europe Germany 180

Steve Blank

FEBRUARY 12, 2015

He was going to have build into his organization training, hiring standards, sales processes and compensation programs, all the while engineering a culture that still emphasized the value of its people. Filed under: Family/Career/Culture , Lean LaunchPad , Venture Capital. Time to Make New Friends. Lessons Learned.

Startup 120

Startup Lean Venture Capital Advisory Board 120

Startup Lessons Learned

AUGUST 24, 2009

We faced this same problem in entrepreneurship and venture capital, but we are getting past it. Just like in the world of startups, we can start to use micro-scale pilot programs, executed in lean fashion, to gather real facts for making ROI decisions about new project investment. 12comments: Dougvs said.

San Francisco 113

San Francisco Lean Technical Review Distribution 113

500hats.com

AUGUST 2, 2012

TL:DR : This post aims to recap significant changes in the venture capital industry over the past ten years, and then make some [biased] predictions as to major forces at play in the next five years. However, all three shifts are related and can be summed up simply as: Geeks are Taking Over Venture Capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Steve Blank

JUNE 23, 2016

For the first 75 years of the 20 th century, when capital for new ventures was scarce, the smartest engineering talent went to corporate R&D labs. But starting in the last quarter of that century and accelerating in this one, a new form of financing – risk capital (angel and venture capital) — emerged.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

APRIL 6, 2009

The Army offered Fred Terman, the Dean of Engineering at Stanford, a $5M contract to build an electronics countermeasures lab. HP had an ethical culture, entrepreneurial spirit, and deep Stanford engineering department connections. The “customers’” contracts funded the company. Seven years later in 1971 ESL went public.

Silicon Valley 171

Silicon Valley Stealth RSS California 171

Steve Blank

APRIL 2, 2009

Now we needed to put the tactical programs in place to make this repositioning strategy happen. Since no benchmarks existed, we enlisted our engineering department in a serious software development effort and wrote our own. Then we were going to buy our competitors’ boards (think “secret shopper”) and compare them to ours.

Silicon Valley 124

Silicon Valley Technical Review RSS Software Review 124

The Equity Kicker

MARCH 6, 2014

Embodied in a program that runs on the company’s internal network, the ANPP resembled a giant checklist. I’m thinking now that the venture capital could be similarly broken down into checklists and good process. Apple Startup general interest Venture Capital'

Product 84

Product Venture Capital Lean Finance 84

Steve Blank

JUNE 2, 2011

A revolution has taken hold as customer development and agile engineering reinvent the Startup process. It might be possible to create Virtual Valley Ventures. At Stanford our Lean Launchpad class ran an experiment that showed when “the boardroom is bits” can make a radical difference in the outcome of an early stage startup.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

ReadWriteStart

AUGUST 1, 2011

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. The combination of venture capital and technology entrepreneurship is one of the great business inventions of the last 50 years. The NSF will fund 100 science and engineering research projects every year. billion U.S.

Silicon Valley 118

Silicon Valley Intellectual Property Balance Sheet Lean 118

genylabs.typepad.com

SEPTEMBER 24, 2011

Even the best venture capital firms have a lot of failures and few successes. Posted by: Atlanta Search Engine Optimization | April 16, 2008 at 07:38 AM. This prevents automated programs from posting comments. Wall Street Journal: With New Technology, Start-Ups Go Lean. venture capital. Posted by: |.

Equity 40

Equity Technical Review San Jose Stock 40

Steve Blank

MAY 16, 2016

Now with over 750 interviews of beneficiaries (users, program managers, stakeholders, etc.) In corporations, the CEO and executives have risen through the ranks for their skill on executing existing programs/missions. We just held our seventh week of the Hacking for Defense class. Slide 2, John Boyd and the OODA Loop (finally!)

San Diego 142

San Diego Metrics Indonesia Silicon Valley 142

Both Sides of the Table

JUNE 29, 2011

Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. They should start “lean.&# Not to mention providing the capital for growth. This led to an explosion in startups.

Venture Capital 296

Venture Capital Software LP Early Stage 296

Steve Blank

OCTOBER 10, 2017

Now they are starting to use the Lean Innovation process (see here and here ) to turn ideas into solutions. He’s responsible for science and programs for surface ships, submarines, and undersea weapons with an annual budget of over $300 million per year. Lean Innovation is a Process. In World War II the U.S.

Lean 212

Lean SBIR Incubator Curation 212

Startup Lessons Learned

JULY 11, 2019

Ann will be speaking at this year’s Lean Startup Conference in October about all of this and more. I've been in venture now twice. I was in Boston, working for the first time in venture capital as an analyst for this guy who was incredible and an amazing mentor. How do you develop power within a venture capital firm?

Founder 68

Founder Lean Venture Capital Cofounder 68

Steve Blank

AUGUST 3, 2009

Frederick Terman, Stanford’s Dean of Engineering, enlisted Stanford University as a major arms suppliers in this war. Stanford as a Center of Microwave and Electronics In 1946 after running the military’s secret 800 person Electronic Warfare Lab at Harvard, Fred Terman returned to Stanford as the dean of the engineering schoo l.

Silicon Valley 153

Silicon Valley RSS Europe Germany 153

Steve Blank

SEPTEMBER 30, 2015

The program examines the DNA of entrepreneurs: what makes them tick, how they came up with their ideas; and explore the habits that make them successful, and the highs, lows and pivots that pushed them forward. What’s more, as the Lean Startup revolution has gone mainstream, Dave said, it has started to change the trajectory of our economy.

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Artificial Inteligence Entrepreneur Silicon Valley New York 120