Steve Blank
SEPTEMBER 5, 2018
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. Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios.
Steve Blank
OCTOBER 24, 2017
— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. In the 20th century tech companies and their investors made money through an Initial Public Offering (IPO).
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Steve Blank
MAY 9, 2017
For life sciences it was the Genentech IPO in 1980 that proved to investors that life science startups could make them a ton of money. Everything a large company did, a startup should do – write a business plan; hire sales, marketing, engineering; spec all the product features on day one and build everything for a big first customer ship.
Steve Blank
MARCH 18, 2011
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. The Business Plan (Concept- Alpha-Beta - FCS ) became the playbook for startups. The IPO offering document became the playbook for startups.
Steve Blank
JULY 25, 2011
This all changed in 1980 with the Genentech IPO. In 1980 Genentech became the first IPO of a venture funded biotech company. In the real world a startup is about the search for a business model or more accurately, startups are a temporary organization designed to search for a scalable and repeatable business model.
Startup Lessons Learned
NOVEMBER 8, 2008
This theory has become so influential that I have called it one of the three pillars of the lean startup - every bit as important as the changes in technology or the advent of agile development. Most likely, your business plan is loaded with opinions and guesses, sprinkled with a dash of vision and hope. Expo SF (May.
Startup Lessons Learned
JANUARY 12, 2010
For the many entrepreneurs that send me cold emails asking for me to review a business plan or answer a strategic dilemma: Im much more likely to answer if youve already tried getting an answer on the mailing list. No departments The Five Whys for Startups (for Harvard Business R. Youll probably get a better result, anyway.
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