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The Helsinki Spring

Steve Blank

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. Ironically one of the things that’s holding back the Finnish cluster is Tekes , the government organization for financing research, development and innovation in Finland.

Finland 324
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Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

Finland itself has significant engineering talent, and is also attracting entrepreneurs from Russia and the former USSR. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. The country needs to figure out a long term privatization strategy for Venture investing.

Finland 324
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Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

Berkeley were heavily funded to develop Cold War weapon systems. 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. Seeing Is Believing. Berkeley-wide. We’ve gone global as well.

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The Helsinki Spring

ReadWriteStart

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "Customer Development" methodology detailed in his book, "The Four Steps to the Epiphany."

Finland 158
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Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

China, Russia, Brazil, India, Indonesia all meet those criteria. They realized if they could develop and promote a well-coordinated sports technologies industry, they could capture their unfair share of the $300 billon sports consumer market. Filed under: Business Model versus Business Plan , Customer Development.

Global 335
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The Fatal Flaw of the Three Horizons Model and How To Fix It

Steve Blank

While traditional analysis suggests that Horizon 3 disruptive innovations take years to develop, in today’s world this is no longer the case. McKinsey suggested that to remain competitive in the long run a company allocate its research and development dollars and resources across all three horizons. And here’s the big idea.

China 295
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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

First, the company bought a fleet of 15 rockets from Russia, the U.S. First, in 1990 the company thought it knew the customer problem to solve, and therefore it knew what solution to build. Second, since it knew the solution, it went into a 8 -year Waterfall engineering development process. It All Came Crashing Down.