Steve Blank

FEBRUARY 23, 2013

First, he says, the focus of an established firm is to execute an existing business model — to make sure it operates efficiently and satisfies customers. Blank explains that this is why companies need a portfolio of new business start-ups rather than putting all of their eggs into a limited number of baskets.

Business Model 332

Business Model Technical Review Business Plan Search 332

Steve Blank

JUNE 27, 2017

In addition, some cities put an artificial limit on the number of taxi operators by requiring them to buy medallions and agree to a set of local regulations. But today, as disruption happens faster, and is funded at enterprise scale, companies need to figure how to create a portfolio of innovation.

Startup 275

Startup New York City Valuation Distribution 275

Steve Blank

FEBRUARY 23, 2013

First, he says, the focus of an established firm is to execute an existing business model — to make sure it operates efficiently and satisfies customers. Blank explains that this is why companies need a portfolio of new business start-ups rather than putting all of their eggs into a limited number of baskets.

Business Model 224

Business Model Business Plan Technical Review Search 224

Steve Blank

SEPTEMBER 5, 2018

Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios. Lean was designed to inform the founders’ vision while they operated frugally at speed. And to be honest, VC’s in this bubble really didn’t care. The result?

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

JUNE 26, 2015

And if they’re smart they’ll teach Horizon 1 teams to operate with mission and intent , not just process and procedure.). They operate with speed and urgency to find a repeatable and scalable business model. Horizon 1 operates on goals and incentives. Here the company is essentially incubating a startup.

Lean 120

Lean Management Business Model Incubator 120

Steve Blank

MARCH 31, 2014

In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. Third, smart companies manage an innovation portfolio where they can pursue potential disruption in a variety of ways. Think about this; 7 years ago Nokia owned 50% of the handset market. Apple owned 0%.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

DECEMBER 3, 2012

and reorganized into operating divisions (by product, territory, brand, etc.) This strategy-to-structure shift from functional organizations to operating divisions was led by DuPont and popularized by General Motors and quickly followed by Standard Oil and Sears. Operating divisions execute the known business model.

Business Model 333

Business Model Customer Development United States Operations 333

Steve Blank

JULY 29, 2016

Part 1 talked about what I saw and learned – the layout of a carrier, how the air crew operates and how the carrier functions in context of the other ships around it (the strike group.) It’s hard because any large organization is led by people who succeeded as Horizon 1 and 2 managers and operators (not researchers).

Syria 120

Syria Silicon Valley Afghanistan Iran 120

Steve Blank

APRIL 1, 2020

Operating Numbers. This plan has three parts: Pivots to your new business model, changes to your operating plan, and what initiatives you save for the recovery. Days 3 and 4: Prepare new business model and operating plan. … Next, plot out the changes to your operating plan. Internal Assessment.

South Korea 333

South Korea Salary Business Model China 333

Steve Blank

FEBRUARY 23, 2009

Both venture firms sought my advice for their portfolio companies. No one was actually quite that good, but some VCs had “golden guts” for these kinds of operating issues. It was a long way from Ellis Island.) Surprisingly, I enjoyed seeing other startups from an outsider’s perspective. Oh yes, company X, they’re having problem 343.

Silicon Valley 125

Silicon Valley RSS Venture Capital Customer Development 125

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. You have to wonder: does the VC you have on your board today have the right skill set to help you succeed in today’s economic environment? What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Steve Blank

NOVEMBER 16, 2009

It’s an impressive portfolio. I don’t think you need operational experience to be a good VC but Mark Suster’s great new post illustrates the difference. [.] Bill and his partner Fred Wilson have invested in ~30 or so companies with 27 still active.

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

DECEMBER 17, 2015

These partnerships may take the form of Proof of Concept projects with startups, getting to know VC firms and their portfolios, and familiarizing themselves with university groups doing research in the established strategic problems. (It Is the Outpost product officially part of a corporate Innovation Portfolio?

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Steve Blank

AUGUST 29, 2023

More importantly it could operate without congressional or military oversight. OSRD expanded the National Defense Research Committee’s (NDRC) original five divisions into 19 weapons divisions, five research committees and a medical portfolio. This meant that the NDRC didn’t need legislation or a presidential executive order.

Germany 262

Germany Programming Government Engineer 262

Steve Blank

NOVEMBER 7, 2013

In our case, we’re local in over 200 countries with operations in basically every city on the planet. We have a portfolio of more than 500 brands and 4000 products and people invite us into their lives more 1.8 Many of the operating divisions can and should provide resources to the new businesses inside the company. It never is.

Lean 326

Lean Nepal Cofounder Customer Development 326

Steve Blank

APRIL 20, 2021

An MVP tree has three main components—customer archetypes, jobs to be done, and execution—and we’ll walk you through them step by step with a case study of Roku, a former portfolio company we’ve been fortunate to see execute from a $20 million first VC round to what is now a $50 billion public company. (To Delivery platforms. Sales channels.

Product 436

Product Viral Channel San Francisco 436

Steve Blank

NOVEMBER 16, 2021

His 11 principal directors lay out the technical roadmaps for the DoD and help transition the technologies into operational use. He described the role of his office as similar to DARPA. The principal DoD Modernization director for autonomy, Dr. Jaret C. Riddick , then joined us.

Artificial Inteligence 353

Artificial Inteligence Russia Technology China 353

Steve Blank

NOVEMBER 5, 2020

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. You got to create a different operating culture. Today’s topic was The DoD and Modern War.

Technology 300

Technology China United States Government 300

Steve Blank

JANUARY 19, 2011

If a partner screws up a single company in a portfolio it’s not the end of the world since they have 20-30 companies in a fund. After 40 years of growth the VC industry still operates with “small club&# rules and mindset. (And why would there be if the problems are only with the founders.). Currently founders have no recourse.

Silicon Valley 235

Silicon Valley Venture Capital Software Review Technical Review 235

Steve Blank

NOVEMBER 24, 2020

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. We just held our twelfth session of our new national security class Technology, Innovation and Modern War. Yeah, I am.

Technology 202

Technology DC Acquisition Silicon Valley 202

Steve Blank

MAY 1, 2012

However, we also want to provide guidance and support and ensure that campus goals are met, specifically ensuring that our online education efforts align with our mission, values and operational requirements. That’s why they invest in a portfolio. Solutions are found by betting on a portfolio of low-cost experiments.

Portfolio 325

Portfolio California Customer Development Framework 325

Steve Blank

DECEMBER 8, 2015

Do we believe “startup-driven” innovation (innovation that comes from relationships with external, early-stage companies) should be part of the corporate innovation portfolio? Innovation Outposts most often fail when they come up with innovations no operating division wants and/or the company refuses to fund.

Silicon Valley 120

Silicon Valley Acquisition Boston Early Stage 120

Steve Blank

FEBRUARY 19, 2013

His reaction reminded me one more time why entrepreneurship is an art, why VC’s manage portfolios of companies and why new ideas come from those who don’t respect the status quo. The mentor tried his best to get the team to look at the actual operating data that exists for this kind of service and the likely regulatory hurdles they will find.

Vertical 332

Vertical Agile Customer Development Lean 332

Steve Blank

FEBRUARY 19, 2013

His reaction reminded me one more time why entrepreneurship is an art, why VC’s manage portfolios of companies and why new ideas come from those who don’t respect the status quo. The mentor tried his best to get the team to look at the actual operating data that exists for this kind of service and the likely regulatory hurdles they will find.

Customer Development 224

Customer Development Vertical Agile Lean 224

Steve Blank

OCTOBER 26, 2020

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. And the JAIC can’t run them because we’re not an operational software organization. Lessons Learned.

Artificial Inteligence 388

Artificial Inteligence Fractional CTO Technology CTO 388