Steve Blank

OCTOBER 30, 2012

The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual. It doesn’t take equity and just has a small fee that varies by city ($140 to $299), to cover event operations and expenses.

Startup 335

Startup Lean Incubator Business Model 335

Steve Blank

OCTOBER 10, 2011

Instead the business press dumped on the founders for “selling out.” Many founders mentioned this as a reason not to incorporate or grow their companies in Finland. You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity.

Finland 324

Finland Naming Russia Government 324

Steve Blank

MAY 19, 2015

retaining their existing hires who were working for intern-like salaries with little equity. I got answers that sounded like the Tom’s – new stock grants for the executive staff, great new building, and oh, by the way, Tom and his co-founder got to sell some stock in the new round. Upgrade their salaries and equity ASAP.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Steve Blank

MARCH 31, 2014

In spite of this, private equity funds have used the rallying cry of efficiency to hijack corporate strategy and loot the profits that historically would have been reinvested into research and development and new products. If they don’t, then the management team has simply become caretakers of the founders’ legacy.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

JUNE 12, 2020

Recognizing the ability of these teams to produce real results, 38 members of the venture and private equity community dialed in to these presentations. Tom Bedecarré the founder and CEO of AKQA, the leading digital advertising agency. Every year they fund several teams as they launch companies. He runs H4X Labs.

Oakland 301

Oakland Asia Lean Video 301

Steve Blank

APRIL 14, 2013

Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company. ” A good number of startups in Beijing seem driven by the VCs – and not the founders.

China 323

China Silicon Valley Non-Compete Intellectual Property 323

Steve Blank

SEPTEMBER 2, 2015

Richard Witten , special advisor on entrepreneurship to the President of Columbia University ; and Kathryn Minshew , co-founder of the popular online career platform TheMuse.com both joined me in Sirius’ New York studio and shared their version of being knocked down and coming back stronger. If you can’t hear the clip, click here.

Entrepreneur 120

Entrepreneur New York Cofounder Equity 120

Steve Blank

MARCH 17, 2020

This time around, the health of the venture business may depend on what hedge funds, investment banks, private equity firms, sovereign wealth funds, and large secondary market groups do. But remember no winter lasts forever and in it smart founders and VCs will be planting the seeds for the next generation of startups. Lessons Learned.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Steve Blank

DECEMBER 30, 2014

They add mentors and additional services and some offer free space in exchange for equity. Accelerators take teams with fairly focused ideas and offer a formal 3-4 month program of tutoring/mentoring with seed funding in exchange for equity. Incubators are designed for teams with an idea.

San Diego 261

San Diego North Carolina Chicago Lean 261

Steve Blank

JULY 19, 2010

As a founder I fought with VC’s over vesting as they brought in a new CEO and walked me out the door. I’ll offer that both entrepreneurs and VC’s have the wrong model for founding CEO equity compensation. I’ll offer that both entrepreneurs and VC’s have the wrong model for founding CEO equity compensation. Preparing For Chaos.

Vesting 251

Vesting Liquidity Event Venture Capital Founder Vesting 251

Steve Blank

NOVEMBER 27, 2012

I teach potential founders a hands-on, experiential class called the Lean LaunchPad at Berkeley, Stanford, Columbia and Caltech. They don’t ask for equity and charge just enough to cover the costs of pizza and the room rental. The Founder’s Workbook. The Lean LaunchPad course online. customer development. agile engineering.

Open Source 335

Open Source Silicon Valley Lean Customer Development 335

Steve Blank

APRIL 14, 2013

Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company. ” A good number of startups in Beijing seem driven by the VCs – and not the founders.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Steve Blank

JANUARY 20, 2014

There is nothing wrong with lifestyle entrepreneurs as they are providing valuable products and services to the local/regional economy, but these do not make for good venture or angel investments under the traditional equity based venture model. Founders Pad. Bend needed its own venture firm. Bend needs to attract more entrepreneurs.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

JUNE 2, 2011

We suggest that the founders/CEO invest 1 hour a week providing advisors and investors with “Continuous Information Access” by blogging and discussing their progress online in their startup’s search for a business model. Founders operate in a chaotic regime. Now, as soon as the founders post an update, everyone is notified.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

Steve Blank

JULY 2, 2015

Takashi Tsutsumi and Masato Iino , founders of Learning Entrepreneur’s Lab in Japan. Prior to that, he worked for the Industrial Bank of Japan and General Electric specializing in deliberative trading, private equity investment, and post merger integration. The focus of our first segment is how Silicon Valley and the U.S.

Channel 120

Channel Japan Bosnia Silicon Valley 120

Steve Blank

JUNE 4, 2012

That accelerating business model search and discovery and using guided customer engagement as a learning process, we could help founders of mainstream businesses just like those starting technology ventures.

Silicon Valley 305

Silicon Valley Lean Utah Customer Development 305

Steve Blank

SEPTEMBER 30, 2015

And Silicon Valley’s pay-it-forward culture is a huge help to startup founders. Gary Marcus , one of the country’s best-known cognitive psychologists, is a professor of psychology and neural science at NYU and founder of Geometric Intelligence. The stuff founders are made of. If you can’t hear the clip, click here.

Artificial Inteligence 120

Artificial Inteligence Entrepreneur Silicon Valley New York 120

Steve Blank

DECEMBER 11, 2023

While it seemed like a good idea and had the Navy’s backing, the founders got turned down for funding by companies, investment bankers and everyone, until they talked to John Parker. Why Minneapolis/St. Serendipity came to Minneapolis-St. Paul when the Navy team met John Parker. Parker agreed to invest. Paul went almost unnoticed.

Minnesota 281

Minnesota Engineer Minneapolis Silicon Valley 281

Steve Blank

JULY 20, 2015

My guests on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Errol Arkilic , former program director for the National Science Foundation Innovation Corps (NSF I-Corps), now founder of M34 Capital. government accelerator that takes no equity. Steve Weinstein , CEO of MovieLabs. Lessons for the Country.

Government 120

Government Channel Southern California Lean 120

Steve Blank

DECEMBER 3, 2009

My co-founder, head of business development and I were in Japan raising money. In the end, the CEO couldn’t get his board to give us the cash in exchange for the Japanese distribution rights and some equity. I used it in all presentations and gave it at industry conferences. Are those my initials on the slide? Fast forward nine months.

Silicon Valley 149

Silicon Valley RSS Startup California 149

Steve Blank

SEPTEMBER 1, 2011

From day one, the founders believe that their vision can change the world. Unlike small business entrepreneurs, their interest is not in earning a living but rather in creating equity in a company that eventually will become publicly traded or acquired, generating a multi-million-dollar payoff.

Government 335

Government Silicon Valley Startup Venture Capital 335

Steve Blank

FEBRUARY 26, 2020

What most founders don’t realize is: Every stage of a startup requires a different set of metrics and milestones and founder skills. Knowing these will help a founder position her pitch to get investors’ attention. Founders need to keep their eye on the prize — not just the next funding round. Business Model.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Steve Blank

OCTOBER 8, 2012

There’s probably no one more qualified to write this book then Brad Field (startup founder, co founder of two VC firms – Mobius and Foundry, and founder of TechStars.). An incubator provides year-round physical space, infrastructure and advice in exchange for a fee (often in equity.) Leaders and Feeders.

Community 333

Community Silicon Valley San Francisco Venture Capital 333

Steve Blank

FEBRUARY 22, 2011

If you’re a visiting dignitary whose country has a Gross National Product equal to or greater than the State of California, your visit to Silicon Valley consists of a lunch/dinner with some combination of the founders of Google, Facebook, Apple and Twitter and several brand name venture capitalists. California Dreaming.

Silicon Valley 335

Silicon Valley San Francisco San Jose Venture Capital 335

Steve Blank

SEPTEMBER 13, 2022

The result was that by default, private equity and venture capital were the de facto decision makers of U.S. Government agencies lack the commercialization skills to help founders turn technical ideas into commercial ventures. Gilman Louie, the founder of In-Q-Tel , has started America’s Frontier Fund (AFF.) industrial policy.

China 323

China Venture Capital Government Artificial Inteligence 323