Steve Blank

SEPTEMBER 1, 2011

Scalable startups require risk capital to fund their search for a business model, and they attract investment from equally crazy financial investors – venture capitalists. When they find it, their focus on scale requires even more venture capital to fuel rapid expansion. They hire the best and the brightest.

Government 335

Government Silicon Valley Startup Venture Capital 335

Steve Blank

APRIL 11, 2013

In the last decade Torch managed to break free of China’s state central planning bureaucracies. Part 3, the next post describes the rise of Chinese venture capital. Torch has four major parts: Clusters, Business Incubators, Seed Funding, and Funds to support Venture Capital firms. Lessons Learned.

Programming 278

Programming Technical Review SBIR China 278

Steve Blank

AUGUST 19, 2013

But what if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? At the same time, Venture Capital, which had viewed therapeutics, diagnostics and medical devices as hot places to invest, is fleeing the field. Venture Capital Issues.

Venture Capital 301

Venture Capital Startup Lean Philadelphia 301

Steve Blank

NOVEMBER 24, 2010

the wave of semiconductor startups in the 1960’s/70’s, the emergence of venture capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. The New Structure of the Venture Capital industry. Entrepreneurship as It’s Own Management Science.

Silicon Valley 335

Silicon Valley United States Venture Capital Software Review 335

Steve Blank

NOVEMBER 1, 2011

Every potential early-stage Venture Capitalist should take a year and do it before he or she makes partner. Venture capital as a profession is less than half a century old. Early-stage Venture Capital firms grow their partnerships in different ways, some hire: partners from other firms. Here’s why. ——-.

Venture Capital 332

Venture Capital Early Stage Technical Review Startup 332

Steve Blank

APRIL 16, 2013

It was not only my secret weapon in thinking about new startup strategies, it also gave me a view of the management issues my customers were dealing with. Through HBR I discovered the work of Peter Drucker and first read about management by objective. I learned about Michael Porter s’s five forces.

Technical Review 219

Technical Review Lean Venture Capital Customer Development 219

Steve Blank

MAY 9, 2017

the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. Venture Capital used to be a tight club clustered around formal firms located in Silicon Valley, Boston, and New York.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

Steve Blank

JANUARY 19, 2011

has evolved an entrepreneurial ecosystem with two of the most unlikely partners – venture capital investors and technology entrepreneurs. He was a great engineering manager and recruited, hired and inspired a world-class team. The venture capital industry is in denial. Filed under: Venture Capital.

Silicon Valley 235

Silicon Valley Venture Capital Software Review Technical Review 235

Steve Blank

APRIL 11, 2013

In the last decade Torch managed to break free of China’s state central planning bureaucracies. Part 3, the next post describes the rise of Chinese venture capital. Torch has four major parts: Clusters, Business Incubators, Seed Funding, and Funds to support Venture Capital firms. Lessons Learned.

Programming 170

Programming Technical Review SBIR China 170

Steve Blank

JANUARY 4, 2011

These countries are great models of countries too small to sustain startups of scale on just domestic consumption yet have managed to create innovation with a global reach. Venture Capital. These three types of entrepreneurship need to be explicitly recognized, encouraged and managed. A Magnet For Talent.

Silicon Valley 335

Silicon Valley Chile South America Venture Capital 335

Steve Blank

NOVEMBER 21, 2015

Ownership and management were one and the same – the owners managed, and there were no salaried middle managers or administrators. and to develop professional managers and management hierarchies to run them. In addition, firms found themselves now managing diverse product lines.

Silicon Valley 120

Silicon Valley Venture Capital United States Technical Review 120

Steve Blank

SEPTEMBER 13, 2022

China manages its industrial policy via top-down 5-year plans. These are investment vehicles in which central and local government agencies make investments that are combined with private venture capital and State-Owned Enterprises in areas of strategic importance. Billionaires and Venture Capital Funding Defense Innovation.

China 323

China Venture Capital Government Artificial Inteligence 323

Steve Blank

OCTOBER 10, 2011

50% the fault of a Nokia management that didn’t see it coming, while 50% was due to brilliant Apple execution.) The country needs to figure out a long term privatization strategy for Venture investing. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital.

Finland 324

Finland Naming Russia Government 324

Steve Blank

OCTOBER 29, 2019

The cycle of creative destruction of the old being replaced by the new continues, fueled by angel and venture capital. Meanwhile cultural taste, technology and platforms evolve, and new things are possible that might not have been just years ago. When you’re describing the future, most of them are remembering the past.

Bandwidth 281

Bandwidth Database Venture Capital Demand 281

Steve Blank

APRIL 14, 2013

Management 101. But the differences are worth noting – it’s a young ecosystem, so startup management tools are nearly non-existent. Filed under: China , Customer Development , Technology , Venture Capital. China Customer Development Technology Venture Capital' Perhaps it’s the weather.

China 323

China Silicon Valley Non-Compete Intellectual Property 323

Steve Blank

JANUARY 25, 2011

I reminded my friend that I’ve never been an engineering manager so any advice I could give him was just from someone who had seen the movie before. The old code is as good as dead the moment management introduces the word “rewrite.” Filed under: Customer Development , Technology , Venture Capital.

Part-Time VPE 318

Part-Time VPE Agile Engineer Startup 318

Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Steve Blank

JANUARY 27, 2011

student of our MS&E department at Stanford ,) where they are set on being a leader in developing the management science of entrepreneurship. At the end of the competition Gavin Christensen, managing director of Kickstart Seed Fund said, “This is going to change the way we invest.&# And they are ready to share!

Business Model 275

Business Model Utah Intellectual Property Agile 275

Steve Blank

APRIL 23, 2014

Most large companies manage three types of innovation: process innovation (making existing products incrementally better), continuous innovation (building on the strength of the company’s current business model but creating new elements) and disruptive innovation (creating products or services that did not exist before.).

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Steve Blank

MARCH 16, 2016

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.). At its core Venture Capital is nothing more than a small portion of the Private Equity financial asset class.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

Steve Blank

SEPTEMBER 1, 2021

These formalized structures, necessary for managing execution/exploitation, actually strangle disruptive innovation before it can start. In short, it requires a different way not only to manage a company, but a different way to organize it as well. This is a really big idea.

Incubator 402

Incubator Lean Agile Business Model 402

Steve Blank

APRIL 14, 2013

Management 101. But the differences are worth noting – it’s a young ecosystem, so startup management tools are nearly non-existent. Filed under: China , Customer Development , Technology , Venture Capital. China Customer Development Technology Venture Capital' Perhaps it’s the weather.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Steve Blank

OCTOBER 24, 2017

A founder’s lack of credibility/experience in growing and managing a large company hindered a company that wanted to go public. Filed under: Venture Capital. More often than not, a founding CEO lacked the experience to do these things. The very skills that got the company started were now handicaps to its growth.

Founder 245

Founder Technical Review CTO Hire IPO 245

Steve Blank

MARCH 31, 2014

But the world you lead will be much different from the one your professors knew or your predecessors managed. As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. To manage these employees companies create metrics to control, measure and reward execution.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

NOVEMBER 2, 2009

In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.)

Lean 244

Lean Silicon Valley Startup RSS 244

Steve Blank

FEBRUARY 23, 2009

I was consulting for the two venture capital firms who between them put $12 million into my last failed startup. (My Wasn’t something fundamentally wrong with the way everyone organizes and manages startups? Yet when I talked to my venture capital friends, they said, “Well, that’s just how startups work.

Silicon Valley 125

Silicon Valley RSS Venture Capital Customer Development 125

Steve Blank

MAY 30, 2016

Now with over 917 interviews of beneficiaries (users, program managers, stakeholders, etc.), Examples are a company-owned manufacturing facility, big data or machine learning engineers, DOD proposal writers, venture capital, etc. We just held our eighth and ninth weeks of the Hacking for Defense class.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Steve Blank

DECEMBER 20, 2011

In July I got a call from Errol Arkilic , a program manager at the National Science Foundation (NSF), the $6.8-billion We recruited two veteran Venture Capital partners to be part of the 10-week teaching team: Jon Feiber , at Mohr Davidow and John Burke of True Ventures. This week we saw the results. billion U.S.

Incubator 301

Incubator Government Silicon Valley Lean 301

Steve Blank

MAY 17, 2022

Supply chain management. AI applications are already appearing in predictive maintenance, risk management, procurement, order fulfillment, supply chain planning and promotion management. Automated Battle management – air and missile defense, army/navy tactical…. AI/ML in Collection.

Artificial Inteligence 417

Artificial Inteligence Software Review Algorithm Technical Review 417

Steve Blank

DECEMBER 17, 2015

In our last post, we addressed the six key questions that senior management should address to determine if an Innovation Outpost makes sense for a company. These priorities have been identified by earlier planning work at the senior management level. Startups, entrepreneurs, and management teams. see the previous post.).

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Steve Blank

JULY 7, 2015

Named one of BusinessWeek’s Best Young Entrepreneurs of Tech, Eric served as a venture advisor at Kleiner Perkins Caufield & Byers before moving on to advise startups and venture capital firms independently. He was named entrepreneur-in-residence at Harvard Business School in 2010 and is currently an IDEO Fellow.

Lean 120

Lean Technical Cofounder Silicon Valley Channel 120

Steve Blank

JULY 25, 2011

While this signaled that investments in technology companies could be very lucrative, both Shockley and Fairchild could only be funded through corporate partners – there was no venture capital industry. government backed venture firms and limited partnerships. A wave of innovation was about to meet a pile of risk capital.

Engineer 305

Engineer Silicon Valley United States Venture Capital 305

Steve Blank

APRIL 1, 2020

B2B – cloud services, online meetings, virtual workforce management, collaboration tools. What are your “lifeboat choices” – what layoffs to make, renegotiate payables, rents, leases, how to trade off cash management versus revenue growth? Your CFO now becomes the head of cash management.

South Korea 333

South Korea Salary Business Model China 333

Steve Blank

MARCH 19, 2009

Now with a new infusion of $8 million dollars of venture capital, SuperMac had been resurrected from the dead and was attempting to restart. The first step was to recruit a new management team. Their guess was that they would find value in the high margin graphics business.

Silicon Valley 146

Silicon Valley Software Review Technical Review RSS 146

Steve Blank

JANUARY 14, 2013

government’s role in setting investment policy, venture capital has set the direction for what new industries attract capital. This approach was successful when U.S. industry was aligned with manufacturing in the U.S., but became much less so in the last decade when the bottom-line drove industries offshore.

Silicon Valley 243

Silicon Valley Government Germany Japan 243

Steve Blank

JULY 15, 2010

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Here’s why.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Steve Blank

DECEMBER 7, 2010

This Stanford class will introduce management tools for entrepreneurs. Working with your team you will encounter issues on how to build and work with a team and we will help you understand how to build and manage the startup team. Read: Steve Blank, “Lessons Learned – A New Type of Venture Capital Pitch”, [link].

Wiki 311

Wiki Lean Management Business Model 311