David Teten
NOVEMBER 26, 2019
I encourage entrepreneurs to correct course with a re-forecast early and often. So here’s the solution I have recommended to some of my portfolio companies: “ agile budgeting ”, i.e., monitoring a few key variables while giving managers significant flexibility. Entrepreneur Jeff Magnusson provides a sample agile budgeting workbook.
Steve Blank
SEPTEMBER 5, 2018
Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. The mantra of “ first mover advantage ,” the idea that winners are the ones who are the first entrants in their market, became the conventional wisdom of investors in Silicon Valley.“
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Up and Running
OCTOBER 4, 2017
That’s why it’s smarter to embrace the agile approach and constantly test your idea on the market to learn about the needs and desires of your target. Running a startup in New York or Silicon Valley is very expensive, so no wonder that recently, there has been an explosion of new locations starting to see growth in tech startups.
Agile VC
MAY 26, 2011
Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round).
Steve Blank
JULY 28, 2011
Silicon Valley was born in an era of applied experimentation driven by scientists and engineers. This approach would shape Silicon Valley’s entrepreneurial ethos: In startups, failure was treated as experience (until you ran out of money). Yet this system isn’t perfect. – seems like another planet.
Growthink Blog
SEPTEMBER 11, 2016
CCS Insights forecasts that 411 million smart wearable devices, worth a staggering $34 billion, will be sold in 2020 (up from 274 million this year). In his words, he focuses on the intersection of “Mobile + Digital + Apps + IoT + Wearables + UX + Cloud + Enterprise + Monetization + Government + Agile.”
Steve Blank
SEPTEMBER 3, 2009
Finally, I’ll write about how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. Steve Blanks 30 years of Silicon Valley startup advice. Customer Development Manifesto Part II [.] Order Here.
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