Philadelphia University Commencement Speech – May 15th 2011

Steve Blank

I am honored to be with you as we gather to celebrate your graduation from Philadelphia University. While I teach at Stanford and Berkeley, to be honest… this is the closest I’ve ever gotten to a college graduation.

2011

Startup Lessons Learned

I'm excited for 2011, and I want to share some of my plans for the coming year. Much more is needed, and 2011 will see the first few buds of that research project flower. In 2011, we will do sllconf again, probably in mid-May. I believe 2011 will be even better.

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My 2011 By The Numbers

Feld Thoughts

When I reflect on 2011, I had a great year on many fronts, both personal and professional. I’ve been obsessively tracking data about myself since 2009. The most visible data I track is on Daytum which includes Miles Run (by location), Books Read (by type), Airplane Flights (by carrier), and Nights In Town (by city). I also track all of my running data (most recently on RunKeeper and SmashRun ) and all of my health data (including what I eat) on Fitbit.

6 Important Startup Trends that Defined 2011

mashable.com

World Featured in US & World Featured: Facebook Year End 2011 Awards. 6 Important Startup Trends that Defined 2011. December 28, 2011 by Sarah Kessler. As the innovation engines of the economy, what startups figured out in 2011 will likely appear on other sectors’ trend lists in 2012. These six trends in particular stood out to us in 2011. Startups that launched in 2011 can supply them. In 2011, he and others succeeded in doing so.

Conference 2.0 (Summit Series 2011)

Entrepreneur Success Blog

So as I sit here in Palm Springs for another insane weekend (Coachella baby) I reminisce about the life long friends I made at Summit Series 2011. I just got back from a 3 day cruise. I don’t quite know exactly where we went.

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2011 Valuation Survey of North American Angel Groups

Gust

Because of the interest in the 2010 survey, I decided to survey a larger number of North American angel groups this summer (2011). 2011 Angel Group Valuation Survey. Bill Payne October 2011. Here is a summary comparison of the 2011 results to last year’s survey of only 13 groups: The average valuation increased from $1.7 million in 2010 while the range is broader in 2011, from $0.8 In this 2011 survey, ten groups reported average valuation of $1.5

Equity for Early Employees in Early Stage Startups

SoCal CTO

I was asked by a reader how much equity he should give out to early employees and to service providers in a very early stage startup. I'll get to service providers in a later post. Founders vs. Early Employees To help with this discussion, let me start with a definition of "early employee."

10+ Trends: Recap of 2011 and What’s Next…

thebarefootvc

But even more exciting is when I see inflection points of adoption — which is why 2011 was a particularly exhilirating year for me. What We Saw in 2011…. 2011 was finally the year when the media spotlight shone on how under-represented women are in almost all power structures in business, government, technology and media – and how crucial it is that we leverage the leadership skill set that they bring to the table to tackle the problems facing the world today.

Mobile: A Walk Down Memory Lane, 2000 to 2011 - NextWala

NextWala

Mobile: A Walk Down Memory Lane, 2000 to 2011. June 2011. January 2011. Mobile-Only is the Future: A Rebuttal » June 16, 2011. Mobile: A Walk Down Memory Lane, 2000 to 2011.   2000 2011. Posted by: Dkhare | June 19, 2011 at 09:11 PM.

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TC Disrupt SF 2011 easy to start company, hard to build business

Don Dodge on The Next Big Thing

TechCrunch Disrupt has 30 companies on stage and 200 more in the Startup Alley. Here are the 7 finalists picked by judges. And here is a good review by Jeremiah Owyang. So, what looks interesting and what are the trends?

Mocked And Misunderstood

A VC : Venture Capital and Technology

When people ask me, "how do you know which companies and services are going to be the biggest successes?", ", I usually tell them to look for the companies and services that are mocked and misunderstood. For some reason, that correlates highly with the biggest breakout successes.

Global Innovation 2011

Gregg Fraley, Author of Jack's Notebook

If you are interested in the big picture of global innovation, you might want to download this report from INSEAD — the 2011 Global Innovation Index. It ranks 125 countries by measuring various indicators, both inputs and outputs to the innovation process. INSEAD is essentially a global business school with points of presence all around [.].

The Pay-It-Forward Culture

Steve Blank

Foreign visitors to Silicon Valley continually mention how willing we are to help, network and connect strangers. We take it so for granted we never even to bother to talk about it. It’s the “Pay-It-Forward” culture. ——-. We’re all in this together – The Chips are Down.

The Long Grind Before You Become an Overnight Success

Vinicius Vacanti

Hustling from our shared workspace cubicles. “So, what do you do?&#. I hated that question. The truth was that we were trying to start a new venture but we hadn’t really made any progress.

Why I Quit My Job to Start a Tech Company

Vinicius Vacanti

Back in November of 2006, before NY Mag and TimeOut put startups on the cover, before the “tech bubble&# , before Twitter and Foursquare were popular, before working at a startup in NY was considered a reasonable thing to do, I was a private equity investor for a $1.6

The Next Bubble – Don’t Get Fooled Again

Steve Blank

This was followed by another $500 million investment (along with Goldman Sachs) in 2011, at a $50 billion valuation. In May 2011, RenRen—the Facebook of China —had a first day valuation of $7.4 My friend, Ben Horowitz , and I debate the tech bubble in The Economist.

Venture Capital (VC) Blog Directory – 2011 Edition

Thinking About Thinking

This is the 4th edition of the Venture Capital Blog Directory ( 1st edition , 2nd edition , 3rd edition ). This directory includes 149 venture capital, microVC/seed, and growth equity blogs. The imperfect statistic used to rank these blogs is their average monthly uniques in Q410 from Compete (more methodology info below). Blogs that have seen increased traffic over Q409 by 1,000+ uniques/month are highlighted in bold.

The Government Starts an Incubator: The National Science Foundation Innovation Corps

Steve Blank

Over the last two months the U.S. government has been running one of the most audacious experiments in entrepreneurship since World War II. They launched an incubator for the top scientists and engineers in the U.S. This week we saw the results.

Hiring – Easy as Pie

Steve Blank

Over the last few weeks I’ve gotten involved in hiring for two startups, a public agency and a non profit. Part of each conversation was getting asked to help them put together a “job spec.”. I had them leave with a pie chart. ——– There must be something in the air.

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32 Questions Developers May Have Forgot to Ask a Startup Founder

SoCal CTO

Almost every day I'm talking to early stage startup founders (see Free Startup CTO Consulting Sessions ) about what they plan to do. I tend to ask a lot of questions, challenge aspects, make suggestions. But I've often been very surprised by one aspect of these conversations.

Top 10 Posts for 2011

Taffy Williams

Need Money? A Few Links to Possible Investors Supervising Snow White and the 7 Dwarfs The One Word Entrepreneurs Do Not Say Are You Involved or Committed in a Startup? Tips on getting a partnership for your early drug. Clash of the Titans Go Back and Make It Work Dilution and Investment - An Answer You May Not Ex. SME’s: Get More of What you Want – 8 Tips to Help. Is the Financing Really Done? entrepreneur project planning investor organization skills Startup management leadership

Entrepreneurship is an Art not a Job

Steve Blank

Some men see things as they are and ask why. Others dream things that never were and ask why not. George Bernard Shaw.

Stop Saying ‘Let me know when works for you’

Vinicius Vacanti

As a current or aspiring entrepreneur, you should be meeting with a ton of people (potential customers, investors, biz dev partners, employees, journalists). You will often get introduced via email or you are cold-emailing them.

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Hacking Angel List | VentureArchetypes Blog: Seed Stage Capital

Seed Stage Capital

skip to main | skip to sidebar 13 July 2011 Hacking Angel List 7 Tips For Raising Startup Capital AngelList is an amazing thing. link] July 13, 2011 12:49 PM Nivi said. July 13, 2011 12:49 PM Nathan Beckord, CFA said. July 13, 2011 4:46 PM Navalsaid.

How Much Money To Raise

A VC : Venture Capital and Technology

Image via Wikipedia. I spent some time yesterday talking to an entrepreneur about this topic and I thought I'd share what I told him with everyone.

Start With Customer Experience

Feld Thoughts

I was reminded of the importance of starting with the customer experience while I was watching this brilliant video from WWDC 1997 of Steve Jobs. In the video, Jobs appears to be responding to attack by a troll , but is actually doing something much more interesting.

2011 ATDC Startup Showcase

Force of Good: a blog by Lance Weatherby

I am particularly excited and proud of the 2011 graduating class. It's that time of year again. It happens every Spring. It's time for the atdc Startup Showcase.

The Helsinki Spring

Steve Blank

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. This is the first of two posts about Finland and entrepreneurship.

Special: Top 50 Israeli Startups for 2011

VC Cafe

Top 50 Israeli startups for 2011. For the third consecutive year, Israeli financial newspaper Calcalist put together a list of the top 50 startups in Israel (in Hebrew). VC Cafe took note, and now we bring you the full list of top 50 Israeli startups in English.

Protect The Internet

Feld Thoughts

Recently, two bills have been introduced into Congress that – if passed – will do irreparable damage to the Internet, entrepreneurship, free speech, and job creation as a result of the continued entrepreneurial activity around the Internet.

Four Takeaways from WATEC 2011 Cleanvest Summit

VC Cafe

I was fortunate to attend the party over at WATEC Israel 2011’s Cleanvest Summit. WATEC 2011 cleantech cleanvest corporate investments corporate sponsorships energy spectrum Entrepreneurs event government of israel investors startups Technology WATEC waterThis is a pre-WATEC summit where startups got a chance to present their ideas to investors and hopefully have someone catch their bait.

Business 2011 - Optimism, But Heed the Lessons

Startup Professionals Musings

Even though it has been a long haul, it’s nice to see some optimism surfacing in 2011. A majority of small business leaders intend to be more aggressive in 2011 by implementing a range of actions to advance their businesses.

New Rules for the New Internet Bubble

Steve Blank

The New Bubble : (2011 – 2014): Here we go again…. (If Rules For the New Bubble: 2011 -2014. Rules for building a company in 2011 are different than they were in 2008 or 1998. Carpe Diem. We’re now in the second Internet bubble.

CTO Equity and Compensation at Venture Backed Companies

SoCal CTO

Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. He agreed to make this data public which is awesome. Todd is a go to resource for people looking for talent in startups.

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Some Lessons from 2011

The Entrepreneurial Mind

Jeff Wuorio shares a collection of 2011 lessons learned from various entrepreneurs that he posted at Business on Main. Here are two of my favorites: "The biggest lesson I learned in 2011 was for our business to question our beliefs. We all have preconceptions about what our customers want, how best to market to them, how best to support them and so on.

Branchout an Example of Viral Spread Opportunity for Startups

SoCal CTO

And it certainly seems to have worked with reports of: Branchout has seen explosive growth in January 2011, growing from 10K to 250K monthly users, with a total usership now in the hundreds of thousands.

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How To Get Your First 1,000 Users

Vinicius Vacanti

The good news is that it’s easier than you think to get 1,000 people to try your site. The bad news is that it’s really hard to get those people to turn into users, users that create an account, users that come back repeatedly and users that tell their friends about your site.

A Visitors Guide to Silicon Valley

Steve Blank

If you’re a visiting dignitary whose country has a Gross National Product equal to or greater than the State of California, your visit to Silicon Valley consists of a lunch/dinner with some combination of the founders of Google, Facebook, Apple and Twitter and several brand name venture capitalists.

Hiring a CTO for Your Startup

SoCal CTO

Several people have recently come to me to help them source and/or hire full-time CTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data.

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2011 Thoughts

Leveraging Ideas

Follow on rounds and talent shortages have me a bit worried and I think 2011 will be a challenging year for many for those two reasons. Anyway, here’s to a fantastic 2011 and a resurgence in blogging. 2010 was a challenging year for me personally and I took a fair amount of time off from blogging. I’m hoping to get back into the groove of writing this year. Initially I thought I’d write a lengthy retrospective about my year, but who wants to dwell in the past?