Steve Blank

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Is a Venture Studio Right for You?

Steve Blank

In exchange for attending an accelerator, startups give up 5% to 10% of their company’s equity. I don’t have a killer idea, or a technical team, but I do know how to build, grow, and manage teams.”. In return for the lower risk, a venture studio typically takes a larger percentage of equity. Carlos stirred his coffee.

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Leaving Government for the Private Sector – Part 1

Steve Blank

At the Agency , 85% of my time was spent navigating bureaucracy and equities, arguing for resources and permission for operations, and dealing with the bottom rung of employees, all while making decisions with little data or data overload. Due to length, I’ve broken it up into a three-part series. It wasn’t a big jump.

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ESADE Business School Commencement Speech

Steve Blank

But the world you lead will be much different from the one your professors knew or your predecessors managed. Yet in the face of all this change, traditional firms continue to embrace a management ethos that values efficiency over innovation. To manage these employees companies create metrics to control, measure and reward execution.

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Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

50% the fault of a Nokia management that didn’t see it coming, while 50% was due to brilliant Apple execution.) You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. Most Finns take their failure as a personal embarrassment. Note to Finland – lighten up.

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Organizational Debt is like Technical debt – but worse

Steve Blank

retaining their existing hires who were working for intern-like salaries with little equity. I suggested that were seven things he could do – some quickly, some over time: Put together a simple plan for managing this next wave of hiring. Tell each hiring manager: No new hires until you write/update your own job description.

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What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

Risk capital takes equity (stock ownership) in your company instead of debt (loans) in exchange for cash. Founders can now access the largest pool of risk capital that ever existed –in the form of Private Equity (Angel Investors, family offices , Venture Capitalists (VC’s) and Hedge Funds.). The Bad News.

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Hacking for Defense @ Stanford 2020 Lesson Learned Presentations

Steve Blank

The eight teams spoke to over 945 beneficiaries, stakeholders, requirements writers, program managers, warfighters, legal, security, customers, etc. Recognizing the ability of these teams to produce real results, 38 members of the venture and private equity community dialed in to these presentations.

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