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Why “The Culture of Failure” is Imperative to Startup Communities

Both Sides of the Table

I lived in London from 1997-2005 and for 6 of those years ran my startup based out of London. At this time I can tell you that the Brits definitely didn’t have a culture of failure. 4:30 How did you come up with the idea of customer development? I remember this lesson well. What brings you to LA?

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Business Plans Are An Historical Artifact

Feld Thoughts

By 1997, when I started investing as a venture capital investor, I was no longer reading business plans. They can use Steve Blank’s Lean LaunchPad approach to get out of the building and actually incorporate customer development early into the definition of their business. And I don’t think I have since then.

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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

Except I disagree with that definition of “success.” Freeloader — On $3m invested, sold for $38m in 1996 — shut down in 1997. Support.com — On 2.5m invested, IPO’ed in 2000 for $32/share — stock price now $2.

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Lies Entrepreneurs Tell Themselves « Steve Blank

Steve Blank

Filed under: Customer Development , Family/Career , Technology | Tagged: Steve Blank , Entrepreneurs , Tips for Startups « Am I a Founder? I’m certainly not there yet, but my new definition is that success equals the quality of my relationships. The Adventure of a Lifetime. Everything else flows from that.