Steve Blank

JUNE 7, 2019

Our keynote speaker was Palmer Luckey , founder of Oculus and the designer of the Oculus Rift. He’s now the CEO/founder of the AI-focussed defense contractor Anduril Industries. Hacking for Defense has its origins in the Lean LaunchPad class I first taught at Stanford in 2011. Presentation Format.

Oakland 278

Oakland Lean SBIR Afghanistan 278

Both Sides of the Table

JUNE 22, 2011

I recently spoke at the Founder Showcase at the request of Adeo Ressi. I said that at the Founder Showcase, too. And for many of these they were (over) funded 7-10 years ago and don’t necessarily all represent great returns for investors or founders. This post originally ran on TechCrunch. That may be.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Steve Blank

MAY 29, 2019

Lean LaunchPad class developed for Stanford. Philip Bouchard : You’ve started teaching at Berkeley since 2002, Columbia in 2003 and at Stanford since 2011. Steve Blank: When I first starting teaching, the capstone entrepreneurship class was how to write a business plan. Worth a read. Mission-Driven Entrepreneurship.

Incubator 332

Incubator Lean Programming Government 332

Occam's Razor

APRIL 8, 2013

This thought was in my mind as I was reading Lean Analytics a new book by my friend Alistair Croll and his collaborator Benjamin Yoskovitz. In this post, we’ll look at each of the four steps in the Lean Analytics Cycle in more detail. Another way to find the metric you want to change is to look at your business model.

Metrics 156

Metrics Analytics Lean Churn Rate 156

Steve Blank

DECEMBER 30, 2014

Our Lean Launchpad® for Life Sciences is one of them. ———– The National Institutes of Health recognizes that Life Science/Health Care commercialization has two components: the science/technology, and the business model. New approaches to translational medicine have emerged. It Takes a Village.

San Diego 265

San Diego North Carolina Chicago Lean 265

Both Sides of the Table

APRIL 19, 2011

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. Matt was one of my inspirations behind Launchpad LA (yes, we’re going to have a program in 2011 – news very, very soon).

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

ConversionXL

SEPTEMBER 6, 2013

Startups rarely survive by guessing, and can only create products and business models based on facts about their target market. Turns out, product isn’t the most critical thing for starting a business, it’s having customers to buy what you’re selling. Eric Ries, author of “The Lean Startup” says -.

Customer Development 126

Customer Development Conversion Developer Customer 126

Steve Blank

FEBRUARY 3, 2015

Hershey just bought Krave Jerky, a team in our 2011 Berkeley Lean LaunchPad class, for >$200 million. In fact, by the start of class they had ~$750K in revenue for 2011 – not quite Facebook but a nice small business. Jon Sebastiani will continue to lead the business as President of Krave. Lessons Learned.

North America 120

North America Lean Customer Development Distribution 120

Steve Blank

NOVEMBER 11, 2010

A place to start would be by recognizing the fundamental difference between an existing company and a startup: existing companies execute business models, while startups search for a business model. (Or Therefore the very foundations of teaching entrepreneurship should start with how to search for a business model.

Agile 254

Agile Business Model Customer Development Lean 254

ConversionXL

MARCH 19, 2020

Greater discipline during boom times offered more flexibility during lean years. And getting it right during the lean years, Bain reports , has a massive impact on companies’ growth rate after things improve: ( Image source ). As the recession wrapped up, they had to remind consumers of lean times. Progressive. Image source ).

Marketing 121

Marketing Campaign Non-Compete Lean 121

Steve Blank

MARCH 18, 2011

Lean Startups/Back to Basics (2000-2010): No IPO’s, limited VC cash, lack of confidence and funding fuels “lean startup” era with limited M&A and even less IPO activity. The New Bubble : (2011 – 2014): Here we go again…. (If 2001 – 2010: Back to Basics: The Lean Startup. Rules For the New Bubble: 2011 -2014.

Internet 335

Internet IPO Silicon Valley Agile 335

Steve Blank

MAY 12, 2015

After seeing the results of 500+ teams through the I-Corps, the NSF now offers all teams who’ve received government funding to start a company an introduction to building a Lean Startup. small businesses to turn Government-funded research into commercial businesses. Here’s Edmund’s description of the I-Corps Lite program.

SBIR 120

SBIR Maryland Lean Seed Stage 120

genylabs.typepad.com

SEPTEMBER 24, 2011

The Global Small Business Blog. September 2011. August 2011. April 2011. March 2011. February 2011. January 2011. what rights and preferences the founders and the other investors have. Wall Street Journal: With New Technology, Start-Ups Go Lean. CRM Magazine: 2011 CRM Market Leaders.

Equity 40

Equity Technical Review San Jose Stock 40

Altgate

SEPTEMBER 16, 2010

But did you know that founder Markus Frind has just 3 employees for his $10MM+ revenue business? If you are pursuing an advertising business model, then in the early days you will almost certainly have to outsource, despite the fact that this could be a core long term advantage. He basically outsources everything.

Software Review 65

Software Review Offshore Startup Boston 65

Steve Blank

JUNE 25, 2009

If you’ve tried to slog your way through my book on Customer Development you know that I’m insistent that the founders need to be the ones getting outside the building (physically or virtually) to validate all the initial hypotheses of the business model and product. Memorex is turning 50 years old in 2011.

Technology 143

Technology Silicon Valley Fractional VPE Part-Time VPE 143

Steve Blank

JULY 20, 2015

My guests on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Errol Arkilic , former program director for the National Science Foundation Innovation Corps (NSF I-Corps), now founder of M34 Capital. The Lean LaunchPad class. But nothing else like [The Lean LaunchPad class] was being taught. .

Government 120

Government Channel Southern California Lean 120

www.inc.com

SEPTEMBER 24, 2011

The 2011 Inc. The 2011 Top Lists. Last spring, Dave Graham , founder of software consulting firm Arizona Bay, learned that a major client, Jumpstart Automotive Media, had been acquired for more than $80 million. Over the past year or so, work-for-equity arrangements have become an integral part of Arizona Bays business model.

Arizona 40

Arizona Equity Iowa Venture Capital 40

blog.startupsquare.com

APRIL 13, 2010

2 Comments Tags: Customer Development , lean startup , pivot , Strategy. note: For those not familiar with the term, pivot is a lean startup vocab word that states in it’s simplest form: If your business model isn’t working, change something. So I decided to make a list of my potential pivots.

Lean 40

Lean Startup Cofounder Architecture 40

The Equity Kicker

JULY 8, 2019

The watershed moment in entrepreneurship becoming more science than art as probably Eric Ries’s publication of The Lean Startup in 2011 (although some would argue for Steve Blank’s Four Steps to the Epiphany in 2005). Business model. And what’s holding it back? more valuable than their peers. .

Portfolio 84

Portfolio LP Venture Capital Partner 84

rob.by

MARCH 8, 2012

He begins by explaining how he arrived at his conclusion: I began the hunt to find a technical co-founder – a software engineer who works for no cash – to help me build my dream website. Twelve months into my startup journey I had four half-built websites that had been built by my four ex-technical co-founders.

Technical Cofounder 42

Technical Cofounder Cofounder Software Engineering Fractional CTO 42

Steve Blank

SEPTEMBER 2, 2015

Richard Witten , special advisor on entrepreneurship to the President of Columbia University ; and Kathryn Minshew , co-founder of the popular online career platform TheMuse.com both joined me in Sirius’ New York studio and shared their version of being knocked down and coming back stronger. If you can’t hear the clip, click here.

Entrepreneur 120

Entrepreneur New York Cofounder Equity 120

Startup Lessons Learned

JULY 22, 2020

I have been the witness to it many times in my career because I work with startup founders. I'm the founder and executive director of SF New Deal. We are paying small businesses to make and deliver meals to hungry people here in San Francisco during the COVID crisis. Here's my conversation with Lenore Estrada.

San Francisco 60

San Francisco Government Technical Review Community 60

SoCal CTO

DECEMBER 1, 2010

Equity-Only CTO and Equity-Only Developers - SoCal CTO , November 1, 2010 I had a recent email dialog with the founder of a company looking for a CTO for their startup. And I tried to evaluate the idea and figure out: What did the founder really need here? Was it a Startup Founder Developer Gap ? Maybe you could get v1.0

Technical Review 175

Technical Review Technology Product CTO Hire 175

grasshopperherder.com

FEBRUARY 19, 2011

If I can steal your idea by just hearing it, there is no defensible business model there. If you’re waiting for a technical co-founder to put up a landing page with signup form, you’re lazy. While all of those offers have been very kind and very flattering, some have tended towards the bizarre.

Cofounder 47

Cofounder NDA Founder Sweat Equity 47

Steve Blank

APRIL 20, 2021

And Jennifer is now my co-instructor in the Stanford Lean LaunchPad class.). Over the last two decades Shawn has seen hundreds of startups use the Lean Methodology. Clayton Christensen’s Jobs to Be Done framework proposes that focusing solely on customer data leads founders on a wild goose chase. The MVP Tree. Final Thoughts.

Product 436

Product Viral Channel San Francisco 436

Steve Blank

JUNE 23, 2021

We just finished the 11th annual Lean LaunchPad class at Stanford — our first version focused on deep science and technology. This allowed us to emphasize how to differentiate a technical spec from a value proposition and expand on the parts of the business model that are unique for science and engineering startups.

Lean 330

Lean Technology Artificial Inteligence Intellectual Property 330

www.chubbybrain.com

SEPTEMBER 28, 2011

January 11th, 2011 the Chubby Team 34 Comments. After a thorough analysis of those 32 start-up post-mortems, we have determined the common reasons founders gave to compile this list of the top 20 ways to have your startup fail. Work life balance is not something that startup founders often get and so the risk of burning out is high.

Cofounder 89

Cofounder Startup Technical Cofounder CTO Hire 89

www.usatoday.com

JULY 16, 2012

Sponsored Links His start-up Viddy, launched in early 2011, created a smartphone app that allows people to capture, enhance and share video and already has 40 million registered users. Now hes the co-founder of TextPlus, which makes a popular app for making free texts and phone calls on smartphones. Want 300 days of sun a year?"

Los Angeles 87

Los Angeles San Francisco Southern California Silicon Valley 87

Seeing Both Sides

AUGUST 16, 2012

TripAdvisor may be one of the most fascinating companies I know and so I was excited to dig into their business model as part of my series on scaling. TripAdvisor is more of a classic consumer Internet success story, but with even more powerful network effects and an amazing business model. Really hard. Magical, really.

Part-Time VPE 54

Part-Time VPE Software Review Costa Rica Technical Review 54

www.chubbybrain.com

SEPTEMBER 28, 2011

I was manifesting this huge monolithic application in my head that would revolutionize the job search, I had even written some code at this point, and didn’t have any idea if actual businesses were willing to pay a dime for it. When a co-founder walks out of a company — as was the case for me — you’ve already been dealt a heavy blow.

Software Review 79

Software Review Startup Technical Review Vesting 79

conversionxl.com

SEPTEMBER 10, 2013

Startups rarely survive by guessing, and can only create products and business models based on facts about their target market. Turns out, product isn’t the most critical thing for starting a business, it’s having customers to buy what you’re selling. Eric Ries, author of “The Lean Startup” says -.

Customer Development 60

Customer Development Conversion Developer Customer 60

maplebutter.com

JANUARY 8, 2013

How to stay lean and iterate quickly while you’re building a two sided marketplace, especially when “network effect” and “critical mass” are the two main focuses? My goal is to some day get an honorary degree for kicking ass in business. Whats is the best way to find a co-founder for your startup?

Technical Review 44

Technical Review Startup Cofounder Software Review 44

betashop.com

OCTOBER 8, 2012

As the questions came in, I realized that my 2010 list was great for what I had learned as of 2 years ago, but it also was in desperate need of an update to include what I’ve learned more recently, especially as we’ve pivoted from fabulis to Fab in 2011 and then scaled Fab to more than 7.5 Love is CRITICAL to business success.?.

Technical Review 108

Technical Review Technology Software Review Valuation 108

grasshopperherder.com

SEPTEMBER 24, 2011

by Tristan on January 20, 2011. « Thanks but No Thanks – Things to Avoid When Recruiting Co-founders Why is Cyber Squatter a Bad Word? Some have been as co-founder, most have been as a consultant with the possibility of becoming an paid employee, “as soon as we close our funding round.” A Simple Example.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

online.wsj.com

SEPTEMBER 23, 2012

Harvard professor Noam Wasserman and WSJ small-business editor Vanessa OConnell took reader questions about avoiding start-up pitfalls on Sept. Consider Daniel Dreymann, a founder of Goodmail Systems Inc., In early 2011 an acquisition by a Fortune 500 company fell apart. Languishing businesses were counted as survivors.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

VC Cafe

JUNE 18, 2012

From live & on demand video with endless interactive overlays, through 2nd screen, synchronized & social experiences, to brilliant mobile apps that may function in all connectivity environments and support every possible business model. VivoText - Company Website. Share/Bookmark.

Securities and Exchange Commission 133

Securities and Exchange Commission Technical Review Software Review 133

Steve Blank

SEPTEMBER 6, 2012

You may have read my previous posts about the Lean LaunchPad class taught at Stanford , Berkeley, Columbia , Caltech and for the National Science Foundation. It dawned on me that the plans were a symptom of a larger problem: we were executing business plans when we should first be searching for business models.

Lean 322

Lean Georgia Michigan Business Model 322