Steve Blank

SEPTEMBER 5, 2018

A version of this article first appeared in the Harvard Business Review. But as Carlota Perez has so aptly described, all new technology industries go through an eruption and frenzy phase, followed by a crash, then a golden age and maturity. Then the cycle repeats with a new set of technologies. ” Fire, Ready, Aim.

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

JUNE 8, 2021

This class is built on conducting in-person of interviews with customers/ beneficiaries and stakeholders, but due to the pandemic, teams now had to do all their customer discovery via a computer screen. How would customer interviews work via video? See here for an extended discussion of remote customer discovery.).

Lean 413

Lean Security Asia SBIR 413

Steve Blank

SEPTEMBER 24, 2009

Pattern Recognition One of the great things about being an entrepreneur is that you are constantly running a pattern recognition algorithm against a continual collection of customer and market data. But the purpose of this post is what happens when a founder (or large company CEO) finds a better business model. Get it done, now.

Customer 216

Customer Silicon Valley RSS California 216

YoungUpstarts

MARCH 4, 2020

Though the trend in the startup world seems to be relocating to Silicon Valley (a choice that some angel investors and ven­ture capitalists now call mandatory) and knocking on the doors of venture capital, this path doesn’t make sense for all businesses, and it’s not acces­sible to many entrepreneurs because of their life circumstances.

Entrepreneur 205

Entrepreneur Venture Capital Silicon Valley Bandwidth 205

Steve Blank

JUNE 25, 2009

Twenty eight years ago I was the bright, young, eager product marketing manager called out to the field to support sales by explaining the technical details of Convergent Technologies products to potential customers. These companies would take our computers and put their name on them and resell them to their customers.

Technology 143

Technology Silicon Valley Fractional VPE Part-Time VPE 143

Steve Blank

APRIL 14, 2013

business models. But for the last decade “innovation” in Chinese software meant something different than it did in Silicon Valley. Entrepreneurs in Beijing were knowledgeable about Silicon Valley, entrepreneurship and the state of software and tools available for two reasons. Entrepreneurial Culture.

China 327

China Silicon Valley Non-Compete Intellectual Property 327

Steve Blank

MARCH 31, 2015

BMNT , a new Silicon Valley company, is combining the Lean Methods it learned in combat with the technology expertise and speed of startups. REF expanded its operations to include forward teams in Kuwait and Iraq to provide technology to fill capability gaps and to counter the highest priority threats. The Gulf Wars.

Silicon Valley 120

Silicon Valley Afghanistan Iraq Kuwait 120

Startup Professionals Musings

JULY 20, 2022

Does your business always seem to be trying to catch up with new competitors and changes in the marketplace? One of the things I learned from my years in Silicon Valley is that you must always focus on three steps ahead, as well as on what exists today. Look outside your industry for new technologies and models.

Silicon Valley 367

Silicon Valley Artificial Inteligence Global Agile 367

YoungUpstarts

AUGUST 30, 2011

Blackbox , founded by entrepreneurs Bjoern Lasse Herrmann and Max Marmer, in June released its first Startup Genome Report — a 67-page in depth analysis on what makes Silicon Valley startups successful based on profiling over 650 startups. to 3 times as many of their customers early on. Inconsistent startups are 2.3

Silicon Valley 189

Silicon Valley Software Review Startup Cofounder 189

YoungUpstarts

OCTOBER 10, 2012

by Bill Lee, author of “ The Hidden Wealth of Customers: Realizing the Untapped Value of Your Most Important Asset “. If so, the business world is full of specialists who are all too eager to help. No one can truly understand your customers or genuinely share their interests unless she is a customer herself. That’s right.

Customer 154

Customer Fractional CTO Canada Technical Review 154

Steve Blank

MARCH 3, 2015

Starting in the 1950’s, Stanford’s engineering department became “outward facing” and developed a culture of spinouts and active faculty support and participation in the first wave of Silicon Valley startups. Given its inward focus, Berkeley has always been the neglected sibling in Silicon Valley entrepreneurship.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Steve Blank

FEBRUARY 11, 2010

The Customer Development process is the way startups quickly iterate and test each element of their business model , reducing customer and market risk. The first step of Customer Development is called Customer Discovery. outside the building and test them in front of customers. How can I help?”

Burn Rate 251

Burn Rate Silicon Valley Marketing Boston 251

Up and Running

MARCH 11, 2020

As transportation becomes more intertwined with technology, there is a shift away from traditional services and towards startups with radical ideas. . Transportation is becoming all about ease, accessibility, and technology. How to start a non-emergency medical transport business. Free downloadable business plan template .

Technical Review 97

Technical Review Green Silicon Valley Non-Compete 97

Steve Blank

APRIL 14, 2013

business models. But for the last decade “innovation” in Chinese software meant something different than it did in Silicon Valley. Entrepreneurs in Beijing were knowledgeable about Silicon Valley, entrepreneurship and the state of software and tools available for two reasons. Entrepreneurial Culture.

China 219

China Silicon Valley Non-Compete Intellectual Property 219

Steve Blank

MARCH 2, 2011

corporation – starting a new technology division bringing disruptive technology to market at General Electric. One of GE’s new divisions – GE’s Energy Storage – has been given the charter to bring an entirely new battery technology to market. He’s as good as any startup CEO in Silicon Valley.

Silicon Valley 237

Silicon Valley Agile Customer Development Early Stage 237

Steve Blank

APRIL 10, 2009

Since every situation is unique, there is no perfect solution to any engineering, customer or competitor problem, and you shouldn’t agonize over trying to find one. An example of a reversible decision could be adding a product feature, a new algorithm in the code, targeting a specific set of customers, etc.

Silicon Valley 307

Silicon Valley RSS Startup Agile 307

Mucker Lab

AUGUST 27, 2014

As an entrepreneur himself, founding and operating printed circuit board factories in Taiwan, my father was debating between two places to immigrate to and build his next new venture: Los Angeles (“The Valley” aka San Fernando Valley) and Santa Clara (“Silicon Valley”).

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

Steve Blank

DECEMBER 7, 2009

Customer Development We were starting Epiphany, my last company. I was out and about in Silicon Valley doing what I would now call Customer Discovery trying to understand how marketing departments in large corporations worked. He continued: “I’d like to convince my boss so our company can be your first customer.”

Silicon Valley 253

Silicon Valley Non-disclosure Agreement NDA Startup 253

Steve Blank

DECEMBER 13, 2010

I’ve spent the last week in Santiago, a guest of Professor Cristóbal García at the Catholic University of Chile as part of Stanford’s Engineering Technology Venture Program. Entrepreneurship and innovation in what I call “Chilecon Valley” is being talked about continually here. Teaching in Chile. Valaparaiso houses.

Chile 240

Chile Silicon Valley Lean Agile 240

Steve Blank

APRIL 23, 2018

Sloan realized that GM couldn’t compete on price, so GM created multiple brands of cars, each with its own identity targeted at a specific economic bracket of American customers. Within each brand there were several models at different price points. But the spirit of Billy Durant would rise again in what would become Silicon Valley.

Michigan 296

Michigan Cofounder Stock Forecast 296

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. In this time, building a successful business meant building a company that had paying customers quarter after quarter.

Silicon Valley 235

Silicon Valley IPO Technical Review Venture Capital 235

Steve Blank

JUNE 12, 2020

Second, this class – which is built on the idea of interviewing customers/beneficiaries and stakeholders in person – now had to do all their customer discovery via a computer screen. How on earth would customer interviews work via video? At first this seemed to be a fatal stake through the heart of the class.

Oakland 313

Oakland Asia Lean Video 313

ConversionXL

SEPTEMBER 6, 2013

The most common mistake startups make is assuming they can operate the same way big companies do, and expect success with little to no feedback from potential customers. A corporation like Starbucks could pick locations by throwing a dart at a map and know they’ll at least break even with a new location and mediocre customer service.

Customer Development 126

Customer Development Conversion Developer Customer 126

Steve Blank

JUNE 11, 2009

Passionate – is the company/product/customers the most important thing in your life? However, you will be dealing with almost daily change, (new customer feedback/insights from a Customer Development process and technical roadblocks ,) as the company searches for a repeatable and scalable business model.

Cofounder 229

Cofounder Founder Silicon Valley Technical Cofounder 229

Duct Tape Marketing

APRIL 6, 2022

John Jantsch (02:29): So I'm curious, how did you get into the business of advising startups? Well, Steve Hoffman (02:34): First of all, I did three venture funded startups in Silicon valley and two bootstrap startups. You know, could you look at my business plan? See if the business model works, all these questions.

San Francisco 95

San Francisco Technical Review Incubator Silicon Valley 95

Steve Blank

NOVEMBER 21, 2016

They shared their experiences of how technology has enhanced – and threatens to undermine – diplomatic work. Teams are continuing their relentless interviewing of customers, or beneficiaries as we call them in this class. For the deputy secretary, such a dialogue in Silicon Valley is not a matter of charity, but necessity.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

NOVEMBER 21, 2016

They shared their experiences of how technology has enhanced – and threatens to undermine – diplomatic work. Teams are continuing their relentless interviewing of customers, or beneficiaries as we call them in this class. For the deputy secretary, such a dialogue in Silicon Valley is not a matter of charity, but necessity.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Austin Startup

MARCH 15, 2017

By the time Silicon Valley white privilege culture, tech magazines that promote only white faces, Ethereum/Bitcoin fanboys, sellout black tech wannabees and globalists promoting their blockchain consortium get a hold of this article, it’s already too late and the game already ended a while ago.

Technical Review 54

Technical Review Silicon Valley Software Review XML 54

Steve Blank

OCTOBER 31, 2014

There’s nothing wrong with a business that supports you and perhaps an extended family. But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. With 317 million people the U.S. Bay of Fires Tasmania.

Global 335

Global Australia Silicon Valley China 335

Austin Startup

MARCH 3, 2020

TDaaS uses 3D content to automate the creation of pre-annotated synthetic image data to train Vision AI models. Their algorithms control the placement of 3D content into custom environments, which can be created in massive parallel variations. What is the most over-hyped tech trend of 2020? Which talent would you most like to have?

Technical Review 63

Technical Review Los Angeles Cofounder Silicon Valley 63

Steve Blank

FEBRUARY 19, 2021

Today, these alliances are being reshaped to respond to Russian threats to the Baltics and Eastern Europe and to China’s economic, military, and technological influence worldwide. These topics included: Raising funds as a European company, what it takes to work with the DoD, customer discovery for adjacent markets, and more.

Norway 245

Norway Silicon Valley Russia United States 245

ReadWriteStart

MAY 5, 2011

In addition, I asked him to do a competitive analysis on the pricing models of the various mobile app platforms and come back to me with both sets of market data, namely, customer research and competitive analysis. We can derive GeoInvenio's business model and pricing model based on that. Discuss.

Costa Rica 115

Costa Rica Incubator Silicon Valley India 115

Growthink Blog

OCTOBER 23, 2015

It was business star-studded affair - 150 Silicon Valley technology executives and investors gathered together to network and brainstorm on IoT - described by many as fundamental a technology shift as the emergence of the Internet itself was in the 1990's. New Business Models. The result?

Internet 48

Internet CTO Hire Fractional CTO Silicon Valley 48

Steve Blank

JANUARY 20, 2014

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with. Dino and I kept in touch as he moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Silicon Valley Transplants.

Silicon Valley 317

Silicon Valley Oregon Lean Venture Capital 317

Steve Blank

NOVEMBER 27, 2012

The class teaches the three basic skills all entrepreneurs need to know: business model design. customer development. Some general customer development slides click here. Visitors Guide to Silicon Valley. So for the rest of us I put together this Visitors Guide to Silicon Valley. Find it here.

Open Source 335

Open Source Silicon Valley Lean Customer Development 335

The Startup Magazine

JUNE 1, 2023

By Daniel Sokolovksy, Co-Founder and CEO, WARP and Troy Lester, Co-Founder and CRO, WARP The dissolution of Silicon Valley Bank (SVB) was more than just a bank collapse, it was a reality check for both startups and the VCs that fund them. And they probably never will be unless business model viability is reassessed across the board.

Early Stage 115

Early Stage Los Angeles Silicon Valley Cofounder 115

Gust

NOVEMBER 8, 2012

As a business lawyer working with startups in technology and digital media every day, I’m fortunate to have a front-row seat as entrepreneurs create value out of thin air. What can we do on the public policy front to turn the United States into one giant Silicon Valley? Intellectual Property. Healthcare Reform.

Silicon Valley 187

Silicon Valley San Francisco Intellectual Property Accredited Investor 187