Steve Blank

SEPTEMBER 5, 2018

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. ” Fire, Ready, Aim. And it may work.

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

SEPTEMBER 14, 2009

To do this they have to accomplish five things; 1) get deal flow – via networking and legwork, they identify likely industries, companies and teams with the potential for rapid growth (less than 10 years), 2) evaluate those companies and teams on the basis of technology, market opportunity, and team.

Silicon Valley 223

Silicon Valley IPO Technical Review Venture Capital 223

ConversionXL

MAY 1, 2017

One of the greatest threats to long-term success is when companies aren’t vigilant enough about responding to the changes in their market—whether it’s by failing to spot product or channel fatigue, acknowledge new competition, make needed updates to products or marketing adjustments in a timely fashion, or embrace new technology coming online.

Technical Review 127

Technical Review Algorithm Channel Analytics 127

Steve Blank

MARCH 18, 2011

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

Internet IPO Silicon Valley Agile 334

The Startup Magazine

FEBRUARY 6, 2020

Pension funding was above market using aggressive actuarial assumptions. In 1995 there were ~1,350 public hospitals representing ~27% of the industry. Ironically, given the U.S.’s municipal bond market. Sometimes buyers are able secure continued tax revenue, applied either as a property millage or sales tax.

Private Equity 164

Private Equity New York City Chicago Investment Bankers 164

Steve Blank

AUGUST 5, 2010

One could argue that there’s nothing new here, as Internet distibution models started in 1995. But these VC’s aren’t Lean because they fund startups with web-based distribution models. Finally, the “ death of the IPO &# and the emergence of the “ small market M&A &# changes Consumer Internet economics.

Lean 260

Lean Internet Silicon Valley Venture Capital 260

Reid Hoffman

MARCH 19, 2019

There are times when small and slow is the right strategy for a specific market opportunity. Finally, and importantly, society is better off because Amazon makes the system for distributing books (and other products) vastly more productive, freeing up resources for other value-creating investments.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28