Steve Blank

AUGUST 29, 2011

What makes startups succeed or fail? More than 90% of startups fail, due primarily to self-destruction rather than competition. For the less than 10% of startups that do succeed, most encounter several near death experiences along the way. Three months ago I wrote about my ex-student Max Marmer and the Startup Genome Project.

Software Review 292

Software Review Early Stage Technical Review Startup 292

Steve Blank

JANUARY 21, 2015

Just before the holidays I had coffee with Anne, an ex MBA student running a fairly large product group at a search engine company, now out trying to raise money for her own startup. The Columbia Startup Lab is a visible symbol of how the university is making entrepreneurship an integral part of all colleges at the university.

Silicon Valley 120

Silicon Valley New York City New York Venture Capital 120

Steve Blank

NOVEMBER 7, 2023

Unfortunately, for startups entering a regulated market following this advice this might not be the optimum path. And why was Bill’s advice of staying away from Washington flawed for startups? These barriers to new innovative startups are called economic rent. Regulation What’s regulatory capture? Why is it bad? In the U.S.

Washington 271

Washington Government Marketing Silicon Valley 271

Steve Blank

MAY 29, 2011

He set up Blackbox.vc, a seed accelerator for technology startups (and one of the tour stops for entrepreneurs from around the world.) They went to work gathering deep knowledege of what makes successful Internet startups. Max and his partners interviewed and analyzed over 650 early-stage Internet startups.

Technical Cofounder 333

Technical Cofounder Early Stage Startup Silicon Valley 333

Steve Blank

SEPTEMBER 16, 2014

How do you figure out what’s the right mix of skills for the co-founders of your startup? I was having breakfast with Radhika, an ex-grad student of mine who wanted to share her Customer Discovery progress for her consumer hardware startup. I told Radhika this is a perennial question for startups. ——-.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Steve Blank

APRIL 16, 2020

Pre-pandemic these coffees were usually about what startup to join or how to find product/market fit. You could consider alternate vocations – medical research or joining a startup in therapeutics, diagnostics , medical devices , or digital health (mobile health, health IT, wearable devices, telemedicine, and personalized medicine).

Software Review 434

Software Review Technical Review eCommerce Salary 434

Steve Blank

NOVEMBER 16, 2009

However the Customer Development Model and the Lean Startup work equally well for startups on the web. Union Square Ventures The next morning I got to spend time with Brad Burnham , partner at Union Square Ventures talking about their investment strategy and insights about web-based businesses. It’s an impressive portfolio.

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

SEPTEMBER 3, 2014

A startup is not just about the idea, it’s about testing and then implementing the idea. This startup was broken at multiple levels. In fact, it wasn’t even a startup. There were three problems with Dave’s startup. A Startup is Not Just About a Good Idea. Coding is the DNA of a Web/Mobile Startup.

Cofounder 336

Cofounder Founder Technical Cofounder Coder 336

Steve Blank

DECEMBER 7, 2009

Posted on December 7, 2009 by steveblank In my 21 years of startups, I had my ideas “stolen” twice. The initial hypothesis for Epiphany (from my much smarter partner Ben ) was that as departments in the enterprise (manufacturing, finance, customer support sales) became automated, the marketing department would eventually get its turn.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Steve Blank

APRIL 10, 2009

And he recognized it was making his startup feel and act like a big ponderous company. Most decisions in a startup must be made in the face of uncertainty. One of the things he mentioned was that when it came to decision-making he still tended to think and act like an engineer. The same is true in your company.

Silicon Valley 300

Silicon Valley RSS Startup Agile 300

Steve Blank

JUNE 26, 2014

The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses. Finally we move to the left side of the canvas to teach the supporting elements of Resources, Partners, Activities and Costs. Your potential exit partners are also a customer.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

Steve Blank

JULY 7, 2015

My guests on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Eric Ries , entrepreneur and author of the New York Times bestseller, The Lean Startup. The focus of our first segment with Eric was, “What is the Lean Startup” and how did it start? Origins of the Lean Startup.

Lean 120

Lean Technical Cofounder Silicon Valley Channel 120

Steve Blank

MAY 30, 2016

the teams spent the last two weeks learning what activities, resources and partners they would need to actually deliver their solution. The founder of this 1964 Silicon Valley startup was Bill Perry. Partners are the external resources (third parties) necessary to execute the Activities. Team Presentations: Weeks 8 and 9.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Steve Blank

NOVEMBER 1, 2017

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. Are lean innovation and the Startup Way a failure in large companies?

Institutional Investors 233

Institutional Investors Dividend Stock Technical Review 233

Steve Blank

OCTOBER 31, 2014

Scalable startups are on a trajectory for a billion dollar market cap. But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. startups ignore the rest of the world until they scale in their own country.

Global 335

Global Australia Silicon Valley China 335

Steve Blank

DECEMBER 9, 2020

And in addition to strengthening our interoperability with allies and partners. To ensure cyber security is also foundational for our partners in industry, the department created the Cybersecurity Maturity Model certification , which we call CMMC. Facilitating technical release ability. And increasing industrial capacity.

Acquisition 284

Acquisition Technical Review Technology Security 284

Steve Blank

SEPTEMBER 5, 2013

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. The next customer segment we tried was startup founders.

Lean 315

Lean Customer Development Sales Cycle Business Model 315

Steve Blank

JUNE 19, 2014

After seeing the process work so well for scientists and engineers in the NSF, we hypothesized that we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently. if enough knowledge was gathered through proxies or research a positive outcome could be precomputed.

Lean 269

Lean SBIR Intellectual Property Customer Development 269

Steve Blank

FEBRUARY 25, 2014

Since 2005 startup accelerators have provided cohorts of startups with mentoring, pitch practice and product focus. What’s been missing for everyone is: a common language for investors to communicate objectives to startups. Big Companies versus Startups: Durant versus Sloan Lean LaunchPad Life Sciences Teaching'

Incubator 310

Incubator Intellectual Property Startup Lean 310

Steve Blank

JANUARY 22, 2014

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. I visited Bend last year and caught up with his progress.

Early Stage 286

Early Stage Silicon Valley Oregon Technical Review 286

Steve Blank

FEBRUARY 23, 2013

Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. For what I had thought were a few simple ideas about taking what we’ve learned about startups and applying it to corporate innovation, the post has gotten an amazing reaction.

Business Model 332

Business Model Technical Review Business Plan Search 332

Steve Blank

MARCH 26, 2014

This post follows directly on Steve’s earlier excellent post, Why Companies are not Startups. In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. A startup is a temporary organization in search of a repeatable, scalable business model.

Startup 327

Startup Business Model Lean Russia 327

Steve Blank

FEBRUARY 26, 2013

We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. While I had been part of a few failed startups, none of them had fallen squarely on my shoulders until Rocket Science Games where my business card said CEO. My wife was a great partner here. So here’s mine.

Redemption 330

Redemption Cofounder Silicon Valley Burn Rate 330

Steve Blank

MARCH 16, 2016

There are many reasons to found a startup. There are many reasons to work at a startup. To most founders a startup is not a job, but a calling. But startups require money upfront for product development and later to scale. Traditional lenders (banks) think that startups are too risky for a traditional bank loan.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

Steve Blank

DECEMBER 9, 2013

I pointed out that the “data” you gather in 10 weeks (talking to 100+ customers, partners, payers, etc.,) I used to be in startups where I was dealing with engineers designing our microprocessors or selling supercomputers to research scientists solving really interesting technical problems. are not the first thing you should look at.

Cofounder 325

Cofounder Technical Cofounder Liquidity Event Lean 325

Steve Blank

MARCH 29, 2010

The key things I want students to take from the class are: Understand that a startup is a temporary organization designed to search for a profitable business model. Having a teaching partner makes life a lot easier and the class improves. After Stanford, Ann joined Mike Maples’ Venture Capital firm Floodgate as a partner.

Business Model 226

Business Model Silicon Valley California Engineer 226

Steve Blank

JANUARY 25, 2010

Everyone knows what a startup is for – don’t they? In this post we’re going to offer a new definition of why startups exist : a startup is an organization formed to search for a repeatable and scalable business model. In your startup’s business model, the boxes will have specific details of your company’s strategy.

Agile 335

Agile Startup Silicon Valley Business Model 335

Steve Blank

JANUARY 28, 2013

We realized this mechanism had been occurring for years at University’s startup competitions, such as the MIT 100K Accelerate Contest. We dubbed the program Qualcomm’s Venture Fest and the process, “ Collective Entrepreneurship ”, a three-phase program combining crowdsourcing with entrepreneurial techniques for startup creation.

Programming 291

Programming Design Lean Seed Money 291

Steve Blank

JANUARY 20, 2014

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with. If you like skiing, hiking, biking, rafting, golfing, camping, fishing, picnicking, rock climbing, and startups – you’d like Bend.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

JANUARY 28, 2013

We realized this mechanism had been occurring for years at University’s startup competitions, such as the MIT 100K Accelerate Contest. We dubbed the program Qualcomm’s Venture Fest and the process, “ Collective Entrepreneurship ”, a three-phase program combining crowdsourcing with entrepreneurial techniques for startup creation.

Programming 283

Programming Design Lean Seed Money 283

Steve Blank

JUNE 8, 2021

Although the class was run completely online, and even though they were suffering from Zoom fatigue, the 10 teams of 42 students collectively interviewed 1,142 beneficiaries, stakeholders, requirements writers, program managers, industry partners, etc. – while simultaneously building a series of minimal viable products.

Lean 385

Lean Security Asia SBIR 385

Steve Blank

MARCH 31, 2014

Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. Perhaps that’s because where established companies might see risks or threats, startups see opportunity. Building Innovation Internally is Hard.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

FEBRUARY 10, 2016

The show follows the journeys of founders who share what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more. He previously founded N&N Investments LLC, a real estate investment holding company; and is a program leader and fellow of the Startup Leadership Program. .

Silicon Valley 120

Silicon Valley Ohio Columbus Entrepreneur 120

Steve Blank

FEBRUARY 23, 2013

Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. For what I had thought were a few simple ideas about taking what we’ve learned about startups and applying it to corporate innovation, the post has gotten an amazing reaction.

Business Model 224

Business Model Business Plan Technical Review Search 224

Steve Blank

SEPTEMBER 5, 2023

In the early stages of a startup your hypotheses about all the parts of your business model are your profound beliefs. You can’t be an effective founder or in the C-suite of a startup if you don’t hold any. With my tail between my legs I was left to ponder: What was the function of marketing in a startup?

Business Model 305

Business Model Product Development Early Stage Customer Development 305

Steve Blank

JUNE 6, 2016

How to make corporate innovation work and drive success in startups were the topics of discussion with the guests on today’s Entrepreneurs are Everywhere radio show. The show follows the journeys of founders who share what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more.

Silicon Valley 120

Silicon Valley Entrepreneur Fractional CTO Analytics 120

Steve Blank

NOVEMBER 13, 2012

The Japanese edition of The Startup Owner’s Manual hit the bookstores in Japan this week. Back in 1990’s, I was working for one of the leading sogo shohsa (trading company) in Japan, building data communications startups. The result: great success of my third startup, a load balancing technology for web servers back in the late 1990’s.

Japan 292

Japan Customer Development Developer Customer 292