Burn Rate Customer Development Lean Portfolio 
Steve Blank
SEPTEMBER 5, 2018
It’s the antithesis of the Lean Startup. First Movers” didn’t understand customer problems or the product features that solved those problems (what we now call product-market fit). Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios. The Rise of the Lean Startup.
Both Sides of the Table
NOVEMBER 3, 2009
portfolios. The last couple of years has also seen the huge initial success of Ycombinator, the Lean Startup and many other product driven approaches to going to market. Do you really want to spent $100k building a product to discover through Customer Development that the market is too small? Better to model that now.
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