Remove Channel Remove Customer Development Remove Incubator Remove Revenue
article thumbnail

A New Way to Teach Entrepreneurship – The Lean LaunchPad at Stanford: Class 1

Steve Blank

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Even if they did, what if the assumption – that we had developed a better approach to teaching entrepreneurship – was simply mistaken?

Lean 298
article thumbnail

Making a Dent in the Universe – Results from the NSF I-Corps

Steve Blank

The NSF I-Corps Lean LaunchPad class has different goals then the same class taught in a university or incubator. In an incubator, the Lean LaunchPad develops angel or venture-funded startups. 2) Get the teams out of the building to test their hypotheses with prospective customers. Here’s what they found. Lessons Learned.

Lean 248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Companies are Not Startups

Steve Blank

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. existing enterprises are establishing corporate innovation groups. What Does this Mean?

IRR 335
article thumbnail

When Krave Jerky Showed up in Class with a $435,000 Check

Steve Blank

I remind my students that I’m teaching them a methodology they can use the rest of their careers, not running an incubator. In fact, by the start of class they had ~$750K in revenue for 2011 – not quite Facebook but a nice small business. Filed under: Customer Development , Teaching. Customer Development Teaching'

article thumbnail

The Rise of the Lean VC – Consumer Internet Gets Its Own Investors

Steve Blank

Most of the social and mobile channels (YouTube, Facebook, Twitter, iPhone, Android) have emerged in just the past 3-5 years. It’s because the startups are doing something very new that make them “Lean&# : These startups embrace customer and agile development that Eric Ries has been evangelizing. Lean Angels.

Lean 258
article thumbnail

Hacking for Defense @ Stanford – Week 7

Steve Blank

In companies this would be product line extensions, more efficient supply chain, new distribution channels. This results not in innovation, but in Innovation Theater – lots of coffee cups, press releases, incubators and false hopes, but no real disruptive changes. In those case revenue will become an additional metric.

San Diego 142
article thumbnail

Strategy Roundtable For Entrepreneurs: Indian Company Plugs Gap In Google's Enterprise Solution

ReadWriteStart

OrangeScape positions itself as an Application Platform As A Service (APaaS) provider, and has some marquee customers in India including Unilever, Citibank, Pfizer, AstraZeneca, and Sterlite. They will now be leveraging the 1M/1M-Persistent channel to go to market in the United States. Building new apps is also not as simple.