Business Model Open Source Product Development Seed Capital 
Steve Blank
NOVEMBER 24, 2010
Compressing the Product Development Cycle. In the past, the time to build a first product release was measured in months or even years as startups executed the founder’s vision of what customers wanted. A hardware startup had to spend money building prototypes and equipping a factory to manufacture the product.
Steve Blank
MAY 9, 2017
The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. The founders. VCs have now ceded more control to founders.
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