Steve Blank

article thumbnail

Why Lean May Save Your Life – The I-Corps @ NIH

Steve Blank

I’ll open source the syllabus and teaching guide later this year.). identify financing vehicles before you need them. It’s open to NIH SBIR/STTR Phase 1 grantees. (Having these two federal research organizations working together is in itself a big deal.) The class is team based.

Lean 269
article thumbnail

ESADE Business School Commencement Speech

Steve Blank

Cheered on by finance professors, Wall Street analysts, investors and hedge funds, companies have learned how to make metrics like Internal Rate of Return look great by one; outsourcing everything, two, getting assets off their balance sheet, and three only investing in things that pay off fast.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

To help Horizon 2 and 3 organizations navigate all the processes, procedures and metrics the company has built to support Horizon 1 activities, individuals from support organizations (legal, finance, procurement, etc.) are assigned to work inside Horizon 3 organizations. Horizon 1 operates on goals and incentives.

Lean 120
article thumbnail

What’s A Startup? First Principles.

Steve Blank

How do we finance the company, etc. A Lean Startup is Eric Ries’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. What’s the distribution channel. How do we price and position the product? How do we create end user demand?

Agile 335
article thumbnail

Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. An entrepreneurial ecosystem is driven one of two ways; either by a crisis (i.e. innovation in the U.S. during World War II,) or during peacetime by profit. China now has plenty of both. To compare the two, in 2011 U.S. billion in all deals.

article thumbnail

Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. An entrepreneurial ecosystem is driven one of two ways; either by a crisis (i.e. innovation in the U.S. during World War II,) or during peacetime by profit. China now has plenty of both. To compare the two, in 2011 U.S. billion in all deals.

article thumbnail

The Red Queen Problem – Innovation in the DoD and Intelligence Community

Steve Blank

Accelerators, hubs, cafes, open-sourcing, crowd-souring, maker spaces, Chief Innovation Officers, etc. The framework has the team talking not just to potential customers but also with people responsible for legal, support, contracting, policy, and finance.

Community 212