Steve Blank

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Is a Venture Studio Right for You?

Steve Blank

He said that from what he read, the path to building and funding a company seemed to be: 1) come up with an idea, 2) form a team, 3) start testing minimal viable products, 4) raise seed funding, 5) then obtain venture capital. Why Would an Entrepreneur Join a Venture Studio? He also wasn’t sure his idea was great.

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Is the Lean Startup Dead?

Steve Blank

Almost overnight the floodgates opened, and risk capital was available at scale from venture capital investors who rushed their startups toward public offerings. The unprecedented size and scale of VC returns transformed venture capital from a financial asset backwater into full-fledged player in the financial markets.

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Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

This means that those winning deals have to make a ~30x return to provide the venture capital fund that 20% compound return (the 6x). This learning and the measurements and metrics that surround it is what evidence based entrepreneurship is all about and what makes it a powerful tool for entrepreneurs, investors and accelerators.

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ESADE Business School Commencement Speech

Steve Blank

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Instead of measuring success in dollars of profit, …firms focus on measuring capital efficiency. To manage these employees companies create metrics to control, measure and reward execution.

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Times Square Strategy Session – Web Startups and Customer Development

Steve Blank

What metrics do we use to see if we learned enough in Customer Discovery ? I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. Dave McClure has some great metrics…” It was an honest but vaguely unsatisfying answer.

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

Steve Blank

Founders that learn are more successful : Startups that have helpful mentors, track metrics effectively, and learn from startup thought leaders raise 7x more money and have 3.5x Filed under: Customer Development , Teaching , Venture Capital. Startup Genome Report. Some of their key findings : 1. better user growth.

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Can You Trust Any vc's Under 40?

Steve Blank

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?