Steve Blank

MARCH 17, 2020

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? While the impact on small businesses and workers in the “gig-economy” hasn’t made the news, it will be worse for them. But next the question is, ‘What happens to my business?”.

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Steve Blank

APRIL 1, 2020

Check if the the Paycheck Protection Program , ( here and here ) which provides 100% federally guaranteed loans to small businesses, can apply to your company. Before layoffs, cut all salaries by 20%. Cut CXO salaries by at least 30%. Award equity to employees equal to the value of their reduced salaries.

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South Korea Salary Business Model China 333

Steve Blank

JUNE 10, 2010

Small Business Entrepreneurship. As immigrants their biggest dream was opening a small grocery store on the Lower East Side of New York City, which they did in 1939. When business was bad they figured out why, adapted and worked harder still. All searching for a sustainable business model. More on this later.

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Silicon Valley Entrepreneur United States New York City 328

Steve Blank

AUGUST 19, 2016

In my neighborhood, successful entrepreneurship meant small businesses entrepreneurs. Before my parents divorced they had owned a small grocery store. No one I knew had ever started a company (other than a small business). I wouldn’t eat in a real restaurant until I went to college.

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San Jose Silicon Valley Michigan Miami 173

Steve Blank

AUGUST 19, 2016

In my neighborhood, successful entrepreneurship meant small businesses entrepreneurs. Before my parents divorced they had owned a small grocery store. No one I knew had ever started a company (other than a small business). I wouldn’t eat in a real restaurant until I went to college.

San Jose 120

San Jose Silicon Valley Michigan Miami 120

Steve Blank

OCTOBER 29, 2009

The Small Business Investment Company (SBIC) Act in 1958 guaranteed that for every dollar a bank or financial institution invested in a new company, the U.S. Many investors weren’t interested in working for a large company for a salary and bonus, and most hated the paperwork and salary limitations that the SBIC imposed.

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Silicon Valley SBIC San Francisco RSS 125

Steve Blank

NOVEMBER 21, 2015

These specialist companies were still small local businesses. Ownership and management were one and the same – the owners managed, and there were no salaried middle managers or administrators. This shift from small businesses to corporations organized by function was the second structural shift in American commerce.

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Silicon Valley Venture Capital United States Technical Review 120