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

JANUARY 21, 2015

When I mentioned this to my friends running the NYU and Columbia entrepreneurship programs, they looked at me like I just discovered that it gets dark at night. One can make the case that New York venture capital industry is rooted in the 21 st century not the 20 th. What role does venture capital play?

Silicon Valley 120

Silicon Valley New York City New York Venture Capital 120

Steve Blank

OCTOBER 10, 2011

I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. 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

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’ve been reading your blog about your Lean Launchpad class.” The I-Corps Incubator Program. The mentors in our program are there to support the methodology, but aren’t there to tell stories.). (The

Incubator 301

Incubator Government Silicon Valley Lean 301

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. In week 8 Pete Newell gave the costs lecture and put it in the context of a DOD program.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Steve Blank

APRIL 10, 2013

China has embraced state capitalism in a way Wall Street can only dream about. Startups, Venture Capital and the Communist Party: how did this happen in China? The majority of the science and technology programs are driven by MOST (Ministry of Science and Technology ) and NSFC (National Natural Science Foundation).

China 315

China Taiwan Silicon Valley Guam 315

Steve Blank

APRIL 23, 2014

In response, venture capital firms like Sequoia and Andreessen/Horowitz are hiring new partners just to work with their portfolio companies and match them to corporations. Incentive programs need to tie together the new acquisition’s continued success and the rest of the company.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Steve Blank

APRIL 8, 2022

Defense Innovation Scholars Program – 25 students now, 50 by the end of the year. Contracts should be >$100M so high- quality venture-funded companies will play. Until we have new vendors on the Major Defense Acquisition Program list , all we have in the DoD is innovation theater – not innovation. Conference.

Security 217

Security Silicon Valley China Private Equity 217

Steve Blank

FEBRUARY 10, 2016

The program examines the DNA of entrepreneurs: what makes them tick, how they came up with their ideas; and explores the habits that make them successful, and the highs and lows that pushed them forward. Will : Yes, and that was my first brutal intro into the difficulties of raising venture capital where I lived. .

Silicon Valley 120

Silicon Valley Ohio Columbus Entrepreneur 120

Steve Blank

APRIL 7, 2011

I spent a few days in March in Ann Arbor Michigan as a guest of Professor Thomas Zurbuchen , Associate Dean for Entrepreneurial Programs, and Doug Neal , Director of Center for Entrepreneurship in the Engineering School at the University of Michigan. Venture Capital ; met with the local hardware/software venture capital firm.

Michigan 307

Michigan Silicon Valley Venture Capital Incubator 307

Steve Blank

APRIL 10, 2013

China has embraced state capitalism in a way Wall Street can only dream about. Startups, Venture Capital and the Communist Party: how did this happen in China? The majority of the science and technology programs are driven by MOST (Ministry of Science and Technology ) and NSFC (National Natural Science Foundation).

China 207

China Taiwan Silicon Valley Guam 207

Steve Blank

MARCH 19, 2009

They were one of the first companies to sell an external disk drive for the original Mac; they had the first “color paint programs” for the Mac; and when the Mac was just black and white they had the first color graphics boards and large screen color monitors for the Mac. The first step was to recruit a new management team.

Silicon Valley 146

Silicon Valley Software Review Technical Review RSS 146

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. ————-. Customer Development Education.

Japan 292

Japan Customer Development Developer Customer 292

Steve Blank

MARCH 5, 2015

Starting this Monday, March 9 th 4-6pm Pacific Time I’ll be on the radio hosting the Bay Area Ventures program on Sirius XM radio Channel 111 – the Wharton Business Radio Channel. Over this program I’ll be talking to entrepreneurs, financial experts and academic leaders in the tech and biotech industries.

Channel 120

Channel Venture Capital Lean Business Model 120

Steve Blank

JANUARY 20, 2014

Before moving to Bend last year, my career took me from engineering development roles at defense contractors in the 80’s to product management and executive marketing roles in companies like Qualcomm in the 90’s, to the world of venture capital at several firms including Bay Partners, Formative Ventures and Vulcan Ventures.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

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. The NSF has announced the Innovation Corps – a program to take the most promising research projects in American university laboratories and turn them into startups. What Took You So Long.

Engineer 278

Engineer Silicon Valley United States Intellectual Property 278

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. If there ever was any question about the value of China’s Torch Program walk around Zhongguancun. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

Steve Blank

APRIL 11, 2013

– The Torch Program. In size, scale and commercial results China’s Torch Program from MOST (the Ministry of Science and Technology) is the most successful entrepreneurial program in the world. government’s SBIR and STTR programs. Most Venture Capitalists in China viewed the Innofund the same way most U.S.

Programming 278

Programming Technical Review SBIR China 278

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

AUGUST 20, 2013

Venture Capital Issues. Early stage Venture Capital for medical device startups has dried up. The amount of capital being invested in new device companies is at an 11 year low. Venture Capital. The National Institute of Health (NIH) is also setting up translational centers through its NCATS program.

Startup 294

Startup Venture Capital Lean IPO 294

Steve Blank

MARCH 29, 2010

After Stanford, Ann joined Mike Maples’ Venture Capital firm Floodgate as a partner. As the Stanford entrepreneurship program for the engineering school sits in the Management Science and Engineering Department , most of our TA’s are students in the MS&E PhD program.

Business Model 226

Business Model Silicon Valley California Engineer 226

Steve Blank

MAY 12, 2015

Here’s Edmund’s description of the I-Corps Lite program. SBIR/STTR Program and Startup Seed Funding. The Small Business Innovative Research ( SBIR ) and Small Business Technology Transfer ( STTR ) programs are startup seed funds created by Congress to encourage U.S. startups that don’t fit whatever’s hot in venture capital.

SBIR 120

SBIR Maryland Lean Seed Stage 120

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

MAY 29, 2019

In addition to Stanford I also teach at Columbia, and at these research universities – Stanford, Columbia, Berkeley, and others – they all now have an internal incubator, they have maker spaces, they have their own venture funds, they connect to the community, they connect to venture capital. It’s a big idea.

Incubator 331

Incubator Lean Programming Government 331

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

APRIL 11, 2013

– The Torch Program. In size, scale and commercial results China’s Torch Program from MOST (the Ministry of Science and Technology) is the most successful entrepreneurial program in the world. government’s SBIR and STTR programs. Most Venture Capitalists in China viewed the Innofund the same way most U.S.

Programming 170

Programming Technical Review SBIR China 170

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. If there ever was any question about the value of China’s Torch Program walk around Zhongguancun. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Steve Blank

SEPTEMBER 19, 2016

By the end of the 20 th century the Central Intelligence Agency (CIA) realized that it was no longer the technology leader it had been when it developed the U-2, SR-71, and CORONA reconnaissance programs in the 1950’s and 1960’s. The program will scale to 13+ universities in 2017. Lessons Learned.

Silicon Valley 246

Silicon Valley Afghanistan Iraq Community 246

Steve Blank

JUNE 4, 2012

As the morning fog burns off the California coast, I am working with Steve Blank, preparing for the Lean LaunchPad Faculty Development Program we are running this August at U.C. While we’re excited by the results, we’ve realized that we’ve been solving the problem for the 1% of new ventures that are technology startups.

Silicon Valley 305

Silicon Valley Lean Utah Customer Development 305

Steve Blank

JANUARY 21, 2016

The program examines the DNA of entrepreneurs: what makes them tick, how they came up with their ideas; and explores the habits that make them successful, and the highs and lows that pushed them forward. (She If you can’t hear the clip, click here.

Detroit 120

Detroit Baltimore Entrepreneur Cofounder 120

Steve Blank

AUGUST 17, 2009

All branches of the military (the Air Force and Army would fund the program as well) wanted Stanford to build prototypes of electronic intelligence and electronic warfare systems that could be put into production by partners in industry. This means they could fund other non-military academic programs from this overhead.

Silicon Valley 142

Silicon Valley RSS California Government 142

Steve Blank

JUNE 2, 2011

Jon Feiber at MDV is going to try investing in startups emerging from Universities with great engineering schools outside of Silicon Valley that have entrepreneurship programs, but minimal venture capital infrastructure. Kathryn Gould of Foundation Capital and Ann Miura-Ko of Floodgate also want to try it.

Silicon Valley 281

Silicon Valley Business Model Early Stage Venture Capital 281

Steve Blank

NOVEMBER 16, 2009

Filed under: Customer Development , Customer Development Manifesto , Market Types « “Lessons Learned” – A New Type of Venture Capital Pitch Closure » 21 Responses Tweets that mention Times Square Strategy Session – Web Startups and Customer Development « Steve Blank -- Topsy.com , on November 16, 2009 at 7:20 am Said: [.]

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

FEBRUARY 12, 2015

He was going to have build into his organization training, hiring standards, sales processes and compensation programs, all the while engineering a culture that still emphasized the value of its people. Filed under: Family/Career/Culture , Lean LaunchPad , Venture Capital. Family/Career/Culture Lean LaunchPad Venture Capital'

Startup 120

Startup Lean Venture Capital Advisory Board 120

Steve Blank

JUNE 23, 2016

For the first 75 years of the 20 th century, when capital for new ventures was scarce, the smartest engineering talent went to corporate R&D labs. But starting in the last quarter of that century and accelerating in this one, a new form of financing – risk capital (angel and venture capital) — emerged.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

DECEMBER 30, 2014

Accelerators take teams with fairly focused ideas and offer a formal 3-4 month program of tutoring/mentoring with seed funding in exchange for equity. 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

SEPTEMBER 19, 2016

By the end of the 20 th century the Central Intelligence Agency (CIA) realized that it was no longer the technology leader it had been when it developed the U-2, SR-71, and CORONA reconnaissance programs in the 1950’s and 1960’s. The program will scale to 13+ universities in 2017. Lessons Learned.

Silicon Valley 120

Silicon Valley Afghanistan Iraq Community 120