Steve Blank

JANUARY 21, 2015

This raises an interesting question: is the credibility of female entrepreneurs in the eyes of New York VC’s something about the venture firms, or is it about the industries they are funding? One can make the case that New York venture capital industry is rooted in the 21 st century not the 20 th.

Silicon Valley 120

Silicon Valley New York City New York Venture Capital 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. And in these last two weeks of class, they learn what activities, resources and partners they’ll need to deliver their solution and derive what it costs to build the company to deliver it.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

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

APRIL 23, 2014

Companies manage these three types of innovation with an innovation portfolio – they build innovation internally, they buy it or they partner with resources outside their company. Corporate business development and strategic partner executives are flocking to Silicon Valley to find these five types of innovation.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

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

Their vision is to make the Business Model Competition an even larger international event, creating competitions at partner schools and providing the materials and insight to create a network of business model competitions culminating in an international finals event. And they are ready to share! And they are ready to share!

Business Model 275

Business Model Utah Intellectual Property Agile 275

Steve Blank

MAY 29, 2011

Max and his partners interviewed and analyzed over 650 early-stage Internet startups. Filed under: Customer Development , Teaching , Venture Capital. He set up Blackbox.vc, a seed accelerator for technology startups (and one of the tour stops for entrepreneurs from around the world.) ——-.

Technical Cofounder 333

Technical Cofounder Early Stage Startup Silicon Valley 333

Steve Blank

FEBRUARY 10, 2016

If you’re a venture capitalist … you have limited partners that give you money to invest on their behalf, and you’re responsible for giving them outsize returns. As an entrepreneur, you’re always fighting that external war whether that’s with partners or with investors. Nayeem : (Nods.)

Silicon Valley 120

Silicon Valley Ohio Columbus Entrepreneur 120

Steve Blank

DECEMBER 20, 2011

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. (The class syllabus is here. The class textbooks were “ The Four Steps to the Epiphany and Business Model Generation.”). Assembling the Teaching Team.

Incubator 301

Incubator Government Silicon Valley Lean 301

Steve Blank

MARCH 29, 2010

Having a teaching partner makes life a lot easier and the class improves. But it wasn’t until Ann Miura-Ko joined me as a teaching partner that this “teach the model not the plan” idea jelled. After Stanford, Ann joined Mike Maples’ Venture Capital firm Floodgate as a partner. Teaching Team.

Business Model 226

Business Model Silicon Valley California Engineer 226

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

MARCH 19, 2009

Yet two smart VC firms, Sigma and Matrix Partners, realized that somewhere in this mess there was value. Now with a new infusion of $8 million dollars of venture capital, SuperMac had been resurrected from the dead and was attempting to restart. And with all of that they had gone broke, out of business and into Chapter 11.

Silicon Valley 146

Silicon Valley Software Review Technical Review RSS 146

Steve Blank

JULY 9, 2013

That said, professional venture capital firms that lead a Series investment round usually make their investment contingent on a board seat. And they have a fiduciary responsibility to their own limited partners.) Filed under: Venture Capital. Venture Capital' Your board of directors is your boss.

Advisory Board 319

Advisory Board Venture Capital Angel Investor Limited Partner 319

Steve Blank

NOVEMBER 13, 2012

The book has been shepherded and edited by a great Japanese VC at Mitsui Sumitomo Insurance Venture Capital, Takashi Tsutsumi, with help from Masato Iino. The Japanese edition of The Startup Owner’s Manual hit the bookstores in Japan this week. ————-.

Japan 292

Japan Customer Development Developer Customer 292

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

JULY 8, 2010

Fred Wilson of Union Square Ventures, Jason Calacanis , founder of Mahalo.com, and Mark Suster of GRP Partners, have all weighed in on the nature side – you’re born being an entrepreneur or you’re not. Mark Suster, Vivek Wadhwa and Patrick Chung , Partner of New Enterprises Associates debated the subject on April 21st at Stanford.

Venture Capital 227

Venture Capital Entrepreneur Customer Development Partner 227

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. I trained the Startup Weekend Next Beijing mentors and instructors, presented to several hundred entrepreneurs, and had a great fireside chat with Zhen Fund founding partner Xu Xiaoping in front of another roomful of entrepreneurs. Lessons Learned.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

Steve Blank

AUGUST 5, 2010

Consumer Internet investing seems to have split off from traditional Venture Capital, and is creating a new category of VC’s: Lean VC’s. Electron-based Venture Capital. When I first came to Silicon Valley the world of Venture Capital looked pretty simple. Here’s why.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

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. government backed venture firms and limited partnerships.

Engineer 305

Engineer Silicon Valley United States Venture Capital 305

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. It is critical to understand the types of startups and entrepreneurs in your region and for venture funding. Seek out the truly scalable startups.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

JULY 19, 2011

When we were trying to raise money for E.piphany, my last startup, I was negotiating with a venture capital firm called Infinity Capital. I’m trying to play poker with the deal, and one of the partners at the time was a great photographer–the firm had big prints of his on the walls. We can do $9.99 million.&#

Post-Money Valuation 250

Post-Money Valuation Venture Capital Valuation IPO 250

Steve Blank

APRIL 8, 2022

The Deputy also heard from us how the Department can better partner with and leverage the U.S. Integrate and incent the Venture Capital/Private Equity ecosystem to invest at scale. innovation ecosystem to solve national security challenges.

Security 217

Security Silicon Valley China Private Equity 217

Steve Blank

JULY 28, 2011

The combination of Venture Capital and technology entrepreneurship is one of the great business inventions of the last 50 years. Or they may decide to cross the Rubicon and try to get funded as a startup (with strategic partners, investors, or NSF programs for small businesses).

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

Steve Blank

MAY 13, 2015

Mar Hershenson co-founder of the VC firm Pejman Mar Ventures. All three of my guests started their careers as scientists or engineers and ended up starting companies or venture capital firms. Kathryn Gould is the co-founder of the VC firm, Foundation Capital and the owner of Battle Mountain Vineyard.

Channel 120

Channel Silicon Valley Cofounder Venture Capital 120

Steve Blank

NOVEMBER 16, 2009

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. Bill and his partner Fred Wilson have invested in ~30 or so companies with 27 still active. Eric and I will be working on others.

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Silicon Valley, New York). Here’s how. Because We’ve Always Done It This Way. The Wrong Metrics.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. I trained the Startup Weekend Next Beijing mentors and instructors, presented to several hundred entrepreneurs, and had a great fireside chat with Zhen Fund founding partner Xu Xiaoping in front of another roomful of entrepreneurs. Lessons Learned.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Steve Blank

MARCH 31, 2014

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. They can partner with suppliers, co-create with consumers, open-source key technologies, open their application programming interfaces, or run open incubators for customer ideas.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Silicon Valley, New York). Here’s how. Because We’ve Always Done It This Way. The Wrong Metrics.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

Steve Blank

DECEMBER 7, 2009

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. Are These Your Slides? I quickly leafed through them and replied, “Sure they’re our original slides.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Steve Blank

JUNE 15, 2010

And some larger funds that specialize in later stage deals may have a partner or two who likes to invest at this stage. Filed under: Durant versus Sloan: Startups Verus Companies , Venture Capital. Tags: Durant versus Sloan: Startups Verus Companies Venture Capital.

Founder 231

Founder Vesting Later Stage Early Stage 231

Steve Blank

DECEMBER 30, 2014

Testing hypotheses with doctors, patients, payers, providers, purchasing departments, strategic partners is hard. This has been nearly a 4-year journey,” said Schonthal who prior to moving back to Chicago in 2011 had been working in healthcare venture capital in San Diego. It Takes a Village.

San Diego 261

San Diego North Carolina Chicago Lean 261

Steve Blank

APRIL 10, 2009

Reply One difference between VCs and Entrepreneurs « Lightspeed Venture Partners Blog , on April 20, 2009 at 7:06 am Said: [.] Blank: “Speed and Tempo” – Fearless Decision Making for Startups. Great startups have a tempo of 10x a large [.] in Entrepreneur, VC, decision making.

Silicon Valley 300

Silicon Valley RSS Startup Agile 300

Steve Blank

SEPTEMBER 24, 2009

Also, there are a variety of strategies for “easing out&# gracefully such as finding an outsourcing vendor or new partner. I’ve watched new CEO’s brought into large existing consumer products companies to turn around a failing strategy. Their new strategy included a complete revamp and simplification of the product line.

Customer 195

Customer Silicon Valley RSS California 195

Steve Blank

SEPTEMBER 19, 2016

The results: 13 Universities will offer the course in the next year, government sponsors committed to keep sending hard problems to the course, the Department of Defense is expanding their use of H4D to include a classified version, and corporate partners are expanding their efforts to support the course and to create their own internal H4D courses.

Silicon Valley 246

Silicon Valley Afghanistan Iraq Community 246

Steve Blank

FEBRUARY 16, 2012

When venture capital teamed up with technology entrepreneurs in the 1960’s they brought with them the canonical MBA planning tool – the business plan. The XoomPark team spoke to over 300 people (customers and channel partners,) ended up with 2 partners, 30 parking lot customers, a working website and a validated revenue model.

Business Model 263

Business Model Customer Development Utah Business Plan 263

Steve Blank

MARCH 26, 2014

This leads to two key points: Point 1: You have to fight – and win- on two fronts (both outside and inside), in order to succeed in corporate venturing. One memorable example of this was Xerox’s internal venture capital fund, Xerox Technology Ventures (XTV). As Steve would say, this is a big idea.

Startup 327

Startup Business Model Lean Russia 327