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. We legalized robbing the corporate treasury.

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. Steve Weinstein 30-year veteran of Silicon Valley technology companies and Hollywood media companies. Every year they fund several teams as they launch companies. He runs H4X Labs.

Oakland 301

Oakland Asia Lean Video 301

Steve Blank

APRIL 26, 2022

Venture capital, like most private equity, is an unregulated financial asset class – anything goes. Your cram down investors will likely sell your technology for piece parts and/or use your company to benefit their other portfolio companies. ” On one hand they’re right.

Cram Down 404

Cram Down Founder Venture Capital Recapitalization 404

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. 3) invest in and take equity stakes in exchange for capital. Each VC firm/partner has a different spin on what to weigh more.)

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Steve Blank

APRIL 14, 2013

Though they’re familiar with technology in the valley, I picked up some important cultural difference from students and startup engineers I talked to. Filed under: China , Customer Development , Technology , Venture Capital. China Customer Development Technology Venture Capital' Fear of Failure. It usually doesn’t end well.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Steve Blank

DECEMBER 30, 2014

The landscape for how to turn life science and health care technologies into viable companies has changed more in the last 3 years than in the last 30. ———– The National Institutes of Health recognizes that Life Science/Health Care commercialization has two components: the science/technology, and the business model.

San Diego 261

San Diego North Carolina Chicago Lean 261

Steve Blank

JULY 7, 2009

luck… and as one of Steve Blank’s posts today mentioned, you can’t test hypotheses from within your building.

Customer Development 124

Customer Development Developer Silicon Valley Customer 124

Steve Blank

APRIL 12, 2013

The first post described how China built a science and technology infrastructure to support advanced weapons systems development. The first wave of startups began when R&D centers and universities began to provide the technology and seed capital for new startups that were spin-outs or spin-offs. Like the U.S.

Venture Capital 271

Venture Capital China Offshore SBIR 271

Steve Blank

OCTOBER 26, 2013

While a few of the I-Corps teams are in web/mobile/cloud, most are working on advanced technology projects that don’t make TechCrunch. The program pays scientists $50,000 to attend the program and takes no equity. It’s success is measured not only by the technologies that leave the labs, but how many U.S.

Lean 262

Lean Washington Incubator Agile 262

Steve Blank

JUNE 11, 2009

Reply steveblank , on June 29, 2009 at 1:07 am Said: Charlie, Nivi at Venture Hacks has great advice at [link] – look at the “Equity&# section. The Adventure of a Lifetime Take the time and think through who you are and what level of challenge you are looking for. You’re not joining a big company. steve Am I a Founder?

Cofounder 219

Cofounder Founder Silicon Valley Technical Cofounder 219

Steve Blank

APRIL 12, 2013

The first post described how China built a science and technology infrastructure to support advanced weapons systems development. The first wave of startups began when R&D centers and universities began to provide the technology and seed capital for new startups that were spin-outs or spin-offs. Like the U.S.

Venture Capital 163

Venture Capital China Offshore SBIR 163

Steve Blank

JUNE 4, 2012

While we’re excited by the results, we’ve realized that we’ve been solving the problem for the 1% of new ventures that are technology startups. The data from the classes seem to indicate that we’ve found have a method how to make scalable startups fail less. of the ~6 million companies in the U.S.

Silicon Valley 305

Silicon Valley Lean Utah Customer Development 305

Steve Blank

SEPTEMBER 2, 2015

Richard discussed how New York City’s rejection of Columbia University in the competition to build a new technology campus was a real wake up call. We didn’t really formalize the relationship in terms of equity and decision-making and ownership… Because we couldn’t come to an agreement, we put off the decision.

Entrepreneur 120

Entrepreneur New York Cofounder Equity 120

Steve Blank

JANUARY 20, 2014

Dino and I kept in touch as he moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Today, with every city, state and country trying to build out a technology cluster, following Dino’s progress can provide others with a roadmap of what’s worked and what has not. Startups in Bend.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

NOVEMBER 27, 2012

What began as a hobby of mine – research in the intersection of my military, intelligence and Silicon Valley careers combined with my interest in the history of Silicon Valley and technology entrepreneurship – ended up in this video and PowerPoint presentation. Sign up here. The Lean LaunchPad Educators Course.

Open Source 335

Open Source Silicon Valley Lean Customer Development 335

Steve Blank

JULY 2, 2015

military can work together – for access to advanced technology and to learn how to move with agility, speed and urgency. 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.

Channel 120

Channel Japan Bosnia Silicon Valley 120

Steve Blank

APRIL 11, 2013

The previous post described how China built its science and technology infrastructure. This post is about the how the Chinese government engineered technology clusters. Torch has four major parts: Innovation Clusters , Technology Business Incubators (TBIs), Seed Funding (Innofund) and Venture Guiding Fund. Innovation Clusters.

Programming 278

Programming Technical Review SBIR China 278

Steve Blank

JUNE 2, 2011

Reinventing the board meeting may offer angel-funded startups that don’t have formal boards or directors (because of geography or size of investment) to attract experienced advice and investment outside of technology clusters (i.e. The result – an instant technology cluster – with equity at a fraction of Silicon Valley prices.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

Steve Blank

JULY 19, 2010

I’ll offer that both entrepreneurs and VC’s have the wrong model for founding CEO equity compensation. The goal of your business model can be revenue, or profits, or users, or click-throughs (or even just to get the technology into production) – whatever the founders and their investors have agreed upon.

Vesting 251

Vesting Liquidity Event Venture Capital Founder Vesting 251

Steve Blank

JULY 20, 2015

Errol Arkilic was the lead program director for the National Science Foundation I-Corps , which uses my Lean LaunchPad curriculum to teach scientists and engineers how to take their technology out of the lab and into the marketplace. government had] of taking technology out of [all of its] labs.”. It was a crappy way [the U.S.

Government 120

Government Channel Southern California Lean 120

Steve Blank

APRIL 11, 2013

The previous post described how China built its science and technology infrastructure. This post is about the how the Chinese government engineered technology clusters. Torch has four major parts: Innovation Clusters , Technology Business Incubators (TBIs), Seed Funding (Innofund) and Venture Guiding Fund. Innovation Clusters.

Programming 170

Programming Technical Review SBIR China 170

Steve Blank

DECEMBER 11, 2023

Dual-Use Technology As the war was winding down, the leadership of the Navy Computing Machine Lab in OPS-20-G was thinking about how they could permanently link commercial, academic and military computing science and innovation to the Navy. Much of ERA’s work was dropped, while their drum technology was used in newer UNIVAC machines.

Minnesota 281

Minnesota Engineer Minneapolis Silicon Valley 281

Steve Blank

DECEMBER 3, 2009

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. If you present slides privately, assume a high probability that your competitors will acquire them Do not put your trade secrets, proprietary algorithms, patentable technology, secret sauce, etc.

Silicon Valley 149

Silicon Valley RSS Startup California 149

Steve Blank

SEPTEMBER 30, 2015

I read what they did, and I was like, “You know, what they had is one really interesting technology” … …I was like, “Why am I writing about this for trivial amounts of money? . … He couldn’t tell me what it was, but I read about it the next night. It was this company DeepMind, which sold to Google for $650,000,000.

Artificial Inteligence 120

Artificial Inteligence Entrepreneur Silicon Valley New York 120

Steve Blank

SEPTEMBER 1, 2011

In Silicon Valley the equivalent is the journeyman coder or web designer who loves the technology, and takes coding and U/I jobs because it’s a passion. Changes in customer tastes, new technologies, legislation, new competitors, etc. Small Business Startups: Work to Feed the Family.

Government 335

Government Silicon Valley Startup Venture Capital 335

Steve Blank

FEBRUARY 26, 2020

What are your unique insights about technology, economics, change in market, etc. Pre-Seed Round Paperwork: Smart investors will typically give you minimal paperwork – either a convertible note or a SAFE (Simple Agreement for Future Equity) or a KISS (Keep It Simple Securities). Market is a euphemism for “How big can your company grow?”

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Steve Blank

FEBRUARY 22, 2011

Walk by the Terman Engineering building to stand next to ground zero of technology entrepreneurship. While we celebrate Silicon Valley as a center of technology innovation, that’s only half of the story. Filed under: Family/Career , Technology , Venture Capital. You too can name a building after your IPO (and $30 million.)

Silicon Valley 335

Silicon Valley San Francisco San Jose Venture Capital 335

Steve Blank

AUGUST 11, 2020

Hard for parents with K through 12 students at home trying to keep up with remote learning, and hard for instructors trying to master new barely functional tools and technology while trying to keep students engaged gazing at them through Hollywood Squares -style boxes. creating programs for Diversity, Equity, & Inclusion e.

Lean 420

Lean San Francisco Silicon Valley Florida 420

Steve Blank

OCTOBER 8, 2012

An incubator provides year-round physical space, infrastructure and advice in exchange for a fee (often in equity.) In addition their research offers a continual stream of new technologies to be commercialized. They are typically non-profit, attached to a university (or in some locations a local government.)

Community 333

Community Silicon Valley San Francisco Venture Capital 333

Steve Blank

OCTOBER 9, 2020

We just held our fourth sessions of our new national security class Technology, Innovation and Modern War. Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy.

Russia 326

Russia North Korea Technology China 326

Steve Blank

MAY 3, 2022

National Security is Now Dependent on Commercial Technology. Drone technology was initially only available to national governments and militaries but is now democratized to low price points and available as internet purchases. They’re not the only startup in this fight. In the U.S., China – Civil/Military Fusion.

Ukraine 277

Ukraine China Private Equity Russia 277

Steve Blank

MAY 4, 2009

At some point in my career as I began to formulate thoughts about mission and intent , I started to think about the broader role of marketing in a growing technology company. While this may seem obvious to anyone not in sales and marketing, trust me, in a technology company this is a conceptual breakthrough.

Silicon Valley 126

Silicon Valley RSS Non-Compete California 126

Steve Blank

OCTOBER 9, 2020

We just held our fourth sessions of our new national security class Technology, Innovation and Modern War. Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy.

Russia 125

Russia North Korea Technology China 125

Steve Blank

MAY 17, 2022

The Department of Defense has thought that Artificial Intelligence is such a foundational set of technologies that they started a dedicated organization- the JAIC – to enable and implement artificial intelligence across the Department. These technologies will transform businesses and government agencies. AI in National Security.

Artificial Inteligence 417

Artificial Inteligence Software Review Algorithm Technical Review 417

Steve Blank

SEPTEMBER 13, 2022

At the heart of this contest is leadership in emerging and disruptive technologies – running the gamut from semiconductors and supercomputers to biotech and blockchain and everything in between. Their overall goal is to turn China into a technologically advanced and militarily powerful state that can challenge U.S. versus China.

China 323

China Venture Capital Government Artificial Inteligence 323