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Is the Lean Startup Dead?

Steve Blank

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search.

Lean 335
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Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

Berkeley in 2010 to run the Lester Center for Entrepreneurship in the Haas School of Business we were teaching entrepreneurship the same way as when I was a student back in 1995. The disadvantage is that its methodology was based on the old waterfall model of product development and not the agile and lean methods that startups use today.

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New Rules for the New Internet Bubble

Steve Blank

The Golden Age (1970 – 1995): Build a growing business with a consistently profitable track record (after at least 5 quarters,) and go public when it’s time. Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability.

Internet 334
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The Rise of the Lean VC – Consumer Internet Gets Its Own Investors

Steve Blank

I think you can blame Customer and Agile Development for a small part of it. One could argue that there’s nothing new here, as Internet distibution models started in 1995. Quickly iterate the product in front of customers. Lean VC’s are expert in on-line distribution, Agile and Customer Development.

Lean 258
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Welcome to the Lost Decade (for Entrepreneurs, IPO’s and VC’s)

Steve Blank

Until 1995 startups going public typically had a track record of revenue and profits. Netscape’s 1995 IPO changed the rules. New, agile and adroit venture firms with new business models have emerged to deal with the reality that 1) web 2.0 Suddenly there was a public market for companies with limited revenue and no profit.

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The new startup arms race (for Huffington Post)

Startup Lessons Learned

For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant founder. For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant founder. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Expo SF (May.