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. Lets see why.

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Lean Silicon Valley Startup RSS 244

Steve Blank

JULY 11, 2017

The CFO asked me to stay as one of the engineering directors came in for a meeting. The director had complained to his boss, the VP of Engineering, who admitted his hands were tied, as this was a “facilities matter,” and the VP of facilities reported to the CFO. The company is still one of the hottest places to work in tech.

Part-Time VPE 308

Part-Time VPE Liquidity Event Stock Engineer 308

Steve Blank

AUGUST 19, 2013

But what if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? 75% or more of all the funds needed by a Life Science startup will be spent on clinical trials and regulatory approval. It was the best of times and the worst of times.

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Venture Capital Startup Lean Philadelphia 301

Steve Blank

JANUARY 21, 2015

Just before the holidays I had coffee with Anne, an ex MBA student running a fairly large product group at a search engine company, now out trying to raise money for her own startup. The Columbia Startup Lab is a visible symbol of how the university is making entrepreneurship an integral part of all colleges at the university.

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Silicon Valley New York City New York Venture Capital 120

Steve Blank

SEPTEMBER 21, 2012

This is a guest post by my Startup Owner’s Manual co-author Bob Dorf. While statistics are weak on startup success rates, the worst one I’ve seen suggests that 2 in 1000 venture backed startups will ever achieve $100-million or more in valuation. Can every startup skyrocket like Facebook or Square or Google?

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Startup Cofounder Customer Development Viral 332

Steve Blank

NOVEMBER 1, 2011

None of that can compare with being the CEO of a startup facing a rapidly diminishing bank account, your best engineer quitting, working until 10pm and rushing to the airport and catching a redeye for a “ Hail Mary ” close of a customer, with your board demanding you do it faster. Startups are hard. People skills.

Venture Capital 332

Venture Capital Early Stage Technical Review Startup 332

Steve Blank

APRIL 14, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. This left an open playing field for Chinese software startups as they “copy to China” existing U.S. If you’re a software startup competing in China, the words that come to mind are “ruthless and relentless.”

China 323

China Silicon Valley Non-Compete Intellectual Property 323

Steve Blank

JANUARY 25, 2011

At the last board meeting our VP of engineering explained that the root of our problems was ‘our code has accumulated a ton of “technical debt,’ it’s really ugly code, and it’s not the way we would have done it today. My observation was that the CEO and VP of Engineering were confusing cause and effect.

Part-Time VPE 318

Part-Time VPE Agile Engineer Startup 318

Steve Blank

APRIL 16, 2024

One of the most exciting things a startup CEO in a business-to-business market can hear from a potential customer is, “We’re excited. This can be the beginning of a profitable customer relationship or a disappointing sinkhole of wasted time, money, resources, and a demoralized engineering team.

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Founder Engineer Sales Conversion 325

Steve Blank

MAY 29, 2011

Max entered Stanford in the fall of 2010 as a freshman, took as many of the engineering entrepreneurship classes as he could and independent study with me. (He He set up Blackbox.vc, a seed accelerator for technology startups (and one of the tour stops for entrepreneurs from around the world.) Startup Genome Report.

Technical Cofounder 333

Technical Cofounder Early Stage Startup Silicon Valley 333

Steve Blank

APRIL 14, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. This left an open playing field for Chinese software startups as they “copy to China” existing U.S. If you’re a software startup competing in China, the words that come to mind are “ruthless and relentless.”

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Steve Blank

APRIL 12, 2010

Startups are the search to find order in chaos. At a board meeting last week I watched as the young startup CEO delivered bad news. A startup is an organization formed to search for a repeatable and scalable business model. Investors bet on a startup CEO to find the repeatable and scalable business model. Steve Blank.

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Business Model Agile Customer Development Startup 332

Steve Blank

MARCH 26, 2019

So in 2011, with support from the Stanford Technology Ventures Program (the entrepreneurship center in the Stanford Engineering School), we created a new capstone entrepreneurship class – the Lean LaunchPad. And after 9 years of classes, students still find that this class is the closest thing to being in a real startup.

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Lean Business Model Balance Sheet Video 248

Steve Blank

SEPTEMBER 16, 2014

How do you figure out what’s the right mix of skills for the co-founders of your startup? I was having breakfast with Radhika, an ex-grad student of mine who wanted to share her Customer Discovery progress for her consumer hardware startup. I told Radhika this is a perennial question for startups. ——-.

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Cofounder Founder Intellectual Property Business Model 335

Steve Blank

JULY 7, 2015

My guests on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Eric Ries , entrepreneur and author of the New York Times bestseller, The Lean Startup. The focus of our first segment with Eric was, “What is the Lean Startup” and how did it start? Origins of the Lean Startup.

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Lean Technical Cofounder Silicon Valley Channel 120

Steve Blank

APRIL 3, 2018

Others join startups to strike out on their own. Most great technology startups – Oracle, Microsoft, Apple, Amazon, Tesla – were built by a team led by an entrepreneur. . … successful entrepreneurs are also ones who take challenges in stride, adapt and adjust plans to accommodate whatever problems do come up.”.

Technical Review 334

Technical Review Entrepreneur Artificial Inteligence Cofounder 334

Steve Blank

OCTOBER 31, 2016

The energy was also fed by the crowd of prospective students — a motley, enthusiastic and clearly wicked smart group including engineering PhDs and computer science whiz kids, U.S. It feels like something big is going on here , I thought.

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Lean Saudi Arabia Austria Silicon Valley 273

Steve Blank

NOVEMBER 13, 2018

If you’re an early employee at a startup, one day you will wake up to find that what you worked on 24/7 for the last year is no longer the most important thing – you’re no longer the most important employee, and process, meetings, paperwork and managers and bosses have shown up. I know a change is going to come. That doesn’t scale.”

Part-Time VPE 333

Part-Time VPE Employee Cofounder Hiring 333

Steve Blank

JANUARY 24, 2014

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Part 3: Engineering a Regional Tech Cluster. The goal of this talent is to help mentor startups as they scale and navigate the myriad of issues they will face in growing their business.

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Engineer Silicon Valley Oregon San Francisco 307

Steve Blank

JULY 28, 2011

Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. This approach would shape Silicon Valley’s entrepreneurial ethos: In startups, failure was treated as experience (until you ran out of money). The NSF will fund 100 science and engineering research projects every year.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

Steve Blank

APRIL 10, 2009

One of the things he mentioned was that when it came to decision-making he still tended to think and act like an engineer. And he recognized it was making his startup feel and act like a big ponderous company. Most decisions in a startup must be made in the face of uncertainty. The same is true in your company.

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Silicon Valley RSS Startup Agile 300

Steve Blank

OCTOBER 29, 2018

Two massive changes are occurring in automobiles: 1) the transition from internal combustion engines to electric, and 2) the introduction of automated driving. Engine instruments were added to measure the health of the aircraft engines – fuel and oil quantity, pressure, and temperature and engine speed.

Technical Review 292

Technical Review Engineer New York Design 292

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 17, 2022

Today, 100s of billions of dollars in private capital have been invested in 1,000s of AI startups. Power Recommendation Engines. Engineers can input design goals into AI-driven generative design software , along with parameters such as performance or spatial requirements, materials, manufacturing methods, and cost constraints.

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Artificial Inteligence Software Review Algorithm Technical Review 417

Steve Blank

MAY 23, 2016

NYU Engineering Commencement Speech. Thank you for the opportunity to address you on your graduation from this esteemed engineering school. In every startup I did, every new course I created, and everything I’ve taught, the phrase “make every day count” took on new meaning when I knew how many were left.

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Lean Technical Review Vietnam Engineer 221

Steve Blank

APRIL 11, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. This post is about the how the Chinese government engineered technology clusters. They provide consulting, promotion, product testing, hiring, training and incubation services to startups.

Programming 278

Programming Technical Review SBIR China 278

Steve Blank

DECEMBER 20, 2011

They launched an incubator for the top scientists and engineers in the U.S. 63 scientists and engineers in 21 teams made 2,000 customer calls in 8 weeks , turning laboratory ideas into formidable startups. government agency that supports research in all the non-medical fields of science and engineering. billion U.S.

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Incubator Government Silicon Valley Lean 301

Steve Blank

JULY 30, 2014

Startups are not smaller versions of large companies, but interestingly we see that companies are not larger versions of startups. Two methods, Design Thinking and Customer Development (the core of the Lean Startup) provide the tactical day-to-day process of how to turn ideas into products. .

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Customer Development Design Developer Customer 335

Steve Blank

MAY 9, 2017

I’ve spent my life in innovation, eight startups in 21 years, and the last 15 years in academia teaching it. the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally.

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Restful Silicon Valley Puerto Rico San Jose 222

Steve Blank

OCTOBER 10, 2011

I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. Unique to Finland with its strong cultural emphasis on equality and the redistribution of wealth is a business press that doesn’t understand startups and is overtly hostile to their success. Lessons Learned.

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Finland Naming Russia Government 324

Steve Blank

JUNE 8, 2021

While all the teams used the Mission Model Canvas , (videos here ), Customer Development and Agile Engineering to build Minimal Viable Products, each of their journeys was unique. I observed that teaching case studies and/or how to write a business plan as a capstone entrepreneurship class didn’t match the hands-on chaos of a startup.

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Lean Security Asia SBIR 385

Steve Blank

JANUARY 22, 2014

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Part 3: Engineering a Regional Tech Cluster. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. ——-.

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Early Stage Silicon Valley Oregon Technical Review 286

Steve Blank

APRIL 23, 2018

The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Durant took his money from his carriage company and bought a struggling automobile startup called Buick. And a founder of Neuralink a brain-computer interface startup.

Michigan 268

Michigan Cofounder Stock Forecast 268

Steve Blank

JANUARY 15, 2017

I-Corps uses Lean Startup methods to teach scientists how to turn their discoveries into entrepreneurial, job-producing businesses. I-Corps uses everything we know about building Lean Startups and Evidence-based Entrepreneurship to connect innovation to entrepreneurship. in Science or Nature. university lab.

Lean 238

Lean Technical Review Government Programming 238

Steve Blank

AUGUST 3, 2012

Long before there was the Lean Startup, Business Model Canvas or Customer Development there was a guy in Santa Barbara California who had already figured it out. consisted of product manager, hardware-engineering manager, software-engineering manager, applications analyst, and software designer. No one listened!”. Are you nuts

San Jose 256

San Jose Technical Review Customer Development Software Review 256

Steve Blank

FEBRUARY 26, 2013

We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. While I had been part of a few failed startups, none of them had fallen squarely on my shoulders until Rocket Science Games where my business card said CEO. “What’s gone and what’s past help.

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Redemption Cofounder Silicon Valley Burn Rate 330

Steve Blank

JANUARY 4, 2011

I did a keynote on innovation hubs at the newly created DoFuture program , spoke at Santiago’s Startup Weekend on Customer and Agile Development, and at a Conference in Patagonia supported by the Ministry of Economy’s Innovation Division. Chile has decided that it wants to be an innovation hub in South America. Venture Capital.

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Silicon Valley Chile South America Venture Capital 335