Steve Blank

article thumbnail

I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

Activities are the key things you need to do to make the rest of the business model (value proposition, distribution channel, revenue) work. Activities cover clinical trials, FDA approvals, Freedom to Operate (IP, Licenses) software development, drug or device design, etc.

article thumbnail

Corporate Acquisitions of Startups: Why Do They Fail?

Steve Blank

What gets lost when a large company looks at the rationale for an acquisition (IP, team, product, users) is that startups are run by founders searching for a business model. The rest is just overhead surrounding what is the core value to the acquiring company. Actually there is a simple heuristic to guide this decision.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tune In, Turn On, Drop Out – The Startup Genome Project

Steve Blank

But he left to work on what he told me he came to do - crack the innovation code of Silicon Valley and share it with the rest of the world. Founders overestimate the value of IP before product market fit by 255%. . Max dropped out of Stanford after his first quarter. This underestimation creates the pressure to scale prematurely.

article thumbnail

Vertical Markets 1: Bad Advice – All Startups are the Same « Steve.

Steve Blank

You don’t need to worry about any Intellectual Property (IP) issues. The next week another team, working on a new type of solid oxide fuel cell, remarked, “Professor Blank, in our industry there’s a ton of patents and stuff and people tell us we shouldn’t be out there unless we start patent protecting all our IP.”

Vertical 149
article thumbnail

Lying on your resume

Steve Blank

But instead the minute I said, “my first startup used CATV coax to implement a local-area network for process control systems (which 35 years ago pre-Ethernet and TCP/IP was pretty cutting edge.) Ben ended up as my mentor at Convergent (and for the rest of my career), my peer at Ardent and my partner and co-founder at Epiphany.

article thumbnail

Fear of Failure and Lack of Speed In a Large Corporation

Steve Blank

They know the activities, resources and partners (manufacturing, regulation, IP, supply chain, etc.) – and the costs to deliver the product/service and have well defined product development and product management tools that emphasize the linear nature of shipping products to existing customers. and how to price the product.

Widget 120
article thumbnail

The Sharp End of the Stick « Steve Blank

Steve Blank

My way of explaining our support and service role to the marketing department was that: Sales is the sharp end of the stick, and marketing at best, is the stick. But while the sales team works for commission, the rest of the employees have equity (stock) in the company. No one was confused after that. Who’s on the Sharp End?