Steve Blank

JANUARY 2, 2014

Part 4: This Will Save us Years – Customer Discovery in Medical Devices. Part 5: Value proposition and customer segments in Life Sciences. Part 6: Distribution channels in Life Sciences. Part 8: When Customers Make You Smarter : Customer Discovery in Digital Health. Here’s their 2 minute video summary.

Lean 244

Lean Algorithm Customer Development IP 244

YoungUpstarts

SEPTEMBER 4, 2016

Transportation partners play an enormous role in the supply chain as they bring products into distribution centers and sometimes directly to customers. Develop Relationships with Supply Chain Partners. Develop relationships with each of your supply chain partners and make communication a top priority.

Management 145

Management Forecast Los Angeles San Francisco 145

Steve Blank

MAY 6, 2015

Learning could be about product features, customer needs, the right pricing and distribution channel, etc.) Rather it is the simplest thing that you can show to customers to get the most learning at that point in time. They are: value proposition, product/service the company offers (along with its benefits to customers).

Lean 120

Lean Agile Business Model Customer Development 120

Steve Blank

JUNE 26, 2015

Companies pursuing innovation can Buy, Build, Partner or use Open Innovation. To move innovation faster, we now have 21 st century tools — Business Model Canvas , Customer Development , Agile Engineering – all adding up to a Lean Startup. Fast forward to today. Horizon 3 is focused on unknown business models.

Lean 120

Lean Management Business Model Incubator 120

Steve Blank

APRIL 7, 2020

The key principles of customer development are: There are no facts inside the building so get the heck outside. You can test your hypotheses with a series of experiments with potential customers. It’s what you can show a potential customer/ user/ beneficiary/partner that will get you the most learning at a point in time.

Customer 415

Customer Business Model Restful Video 415

Steve Blank

MARCH 19, 2009

Yet two smart VC firms, Sigma and Matrix Partners, realized that somewhere in this mess there was value. They had an existing distribution channel and their dealers and customers thought they knew who the company was and what it stood for. And with all of that they had gone broke, out of business and into Chapter 11.

Silicon Valley 150

Silicon Valley Software Review Technical Review RSS 150

YoungUpstarts

FEBRUARY 12, 2015

For example, think of the demographic of 16 to 30-year-olds consuming content on their laptop computers and at the same time as the distribution of content is dramatically shifting. These are times when customer developments and industry changes coincide. Enter Netflix. Consider that next largest segment of the U.S.

San Diego 100

San Diego United States Technical Review Lean 100

Steve Blank

OCTOBER 31, 2014

For example, one of the critical business model hypotheses they could test locally is Product/Market fit – the connection between their Value Proposition (what product or service they were building) and the Customer Segment (who they were building it for.). Identify activities/resources/partners locally and then globally. sales office.

Global 335

Global Australia Silicon Valley China 335

Steve Blank

JULY 13, 2021

Business plans presume that building a startup is a series of predictable steps requiring execution of a plan which assumes a series of known facts: known customers, known features, known pricing, known distribution channel. The reality is that most business plans don’t survive first contact with customers. experiential.

Lean 435

Lean Agile Business Model Business Plan 435

Startup Lessons Learned

MAY 9, 2012

TLDR: Brant Cooper and Patrick Vlaskovits , authors of The Entrepreneur's Guide to Customer Development are back with a new book called The Lean Entrepreneur. It took the idea of Customer Development and made it accessible to a whole new audience. Illustrations by FAKEGRIMLOCK. You can pre-order it starting today.

Entrepreneur 167

Entrepreneur Lean Southern California San Diego 167

Steve Blank

NOVEMBER 21, 2016

The students “get out of the building” and test their hypotheses in front of potential beneficiaries using the Customer Development methodology, all while building and updating their Minimal Viable Products. They’re also focusing on developing relationships with and getting buy-in from key partners like the Red Cross and other NGOs.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

NOVEMBER 21, 2016

The students “get out of the building” and test their hypotheses in front of potential beneficiaries using the Customer Development methodology, all while building and updating their Minimal Viable Products. They’re also focusing on developing relationships with and getting buy-in from key partners like the Red Cross and other NGOs.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Version One Ventures

APRIL 20, 2021

Decentralized storage networks are among the most distributed and secure networks in the world, but they can also require custom development and complex integration. We’re excited to partner with them to make Filebase’s mission a reality! It’s not simple. P.S.: Filebase is hiring !

API 102

API Portfolio Distribution Networking 102

Steve Blank

SEPTEMBER 14, 2009

Each VC firm/partner has a different spin on what to weigh more.) These types seem dangerous, yet are often the ones needed on board to get the fund to invest in the first place, seeing that the younger partners naturally have less pull during the Monday round-ups. I find the same still going on with a few firms and partners.&#

Silicon Valley 223

Silicon Valley IPO Technical Review Venture Capital 223

Steve Blank

FEBRUARY 19, 2014

All of sudden what was an additional engineering and development effort now became a small, variable cost. As a bonus it meant the 1,400 aerial applicator companies could be a potential distribution channel partner. Filed under: Customer Development , Teaching , Technology.

Customer 318

Customer Algorithm Customer Development California 318

Steve Blank

OCTOBER 3, 2014

The Customer Development process, this relentless drive to turn hypotheses into facts is what makes this learning so rapid. At week six they were trying to figure out their distribution channel ( here ) after another pivot. By week eight they were learning who they needed to partner with (see here ).

Lean 274

Lean Silicon Valley Customer Development Incubator 274

Steve Blank

JANUARY 25, 2010

A business model diagram also shows how the product gets distributed to your customers and how money flows back into your company. And it shows your company’s cost structures, how each department interacts with the others and where your company fits with other companies or partners to implement your business.

Agile 335

Agile Startup Silicon Valley Business Model 335

Both Sides of the Table

APRIL 15, 2010

In fact, their affiliate partners dissuaded them from doing so. They bought distribution and engineering talent. My take was that this follows three trends: a) customer involvement in product design, b) mass customization [e.g. That said I worry that V1 of the strategy isn’t a home run. No big surprise.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

Steve Blank

FEBRUARY 3, 2015

These new entrants disrupted their food categories by offering high quality proprietary recipes, outsourcing their manufacturing, and using their cash and resources on sales and marketing to build distribution and a differentiated brand. What Do You Mean You Only Spoke to 1 Customer? Filed under: Customer Development , Teaching.

North America 120

North America Lean Customer Development Distribution 120

Steve Blank

DECEMBER 26, 2013

Part 4: This Will Save us Years – Customer Discovery in Medical Devices. Part 5: Value proposition and customer segments in Life Sciences. Part 6: Distribution channels in Life Sciences. Part 8: When Customers Make You Smarter : Customer Discovery in Digital Health. Boy were they in for a surprise.

Lean 239

Lean Customer Development Video Early Stage 239

Steve Blank

MARCH 11, 2010

I taught the class this semester with Ann Miura-Ko a partner at Maples Investments. This includes how the product gets distributed to your customers and how money flows back into your company. Distribution, Demand Creation and Partnerships. Customer Discovery. Did they describe lifetime value of a customer?

Intellectual Property 234

Intellectual Property Business Model Customer Development Distribution 234

Steve Blank

JULY 29, 2010

One of the key concepts of Customer Development is writing down your initial hypotheses (guesses) of all the parts of your business model, then updating them with the facts you find outside the building. My teaching partner Ann Miura-Ko and I both love the concept of Business Model Generation. Filed under: Customer Development.

Customer Development 216

Customer Development Business Model Early Stage Channel 216

Steve Blank

MARCH 26, 2014

The good news is that corporations have access to resources and capabilities that most startups can only dream of , whether it is free cash flow, a strong brand, a vibrant supply chain, strong distribution, a skilled sales force, and so on. Filed under: Big Companies versus Startups: Durant versus Sloan , Customer Development.

Startup 328

Startup Business Model Lean Russia 328

Steve Blank

AUGUST 5, 2010

Second, and full disclosure, I’ve invested in a few of these funds ; and third my teaching partner Ann Miura-Ko is a partner in one of these funds. But these VC’s aren’t Lean because they fund startups with web-based distribution models. Lean VC’s are expert in on-line distribution, Agile and Customer Development.

Lean 260

Lean Internet Silicon Valley Venture Capital 260

Steve Blank

FEBRUARY 28, 2017

The goal of the class is to expose students to the basics of the Lean Methodology – Business Model Design , Customer Development and Agile Engineering. The teams come back into the class and present what they found, and then they get out and talk to more customers. Repeat for 5 days. What was critical?

Lean 120

Lean Customer Development Business Model Agile 120

Steve Blank

MAY 22, 2009

While one could argue that a trade show is just another demand creation activity akin to advertising or PR, trade shows are the closest eyeball-to-eyeball contact you’re company is going to have with customers, competitors and partners. What didn’t? Go to trade shows like it matters.

Silicon Valley 129

Silicon Valley RSS California Customer Development 129

Rob Go

SEPTEMBER 9, 2013

Lean Startup Circle Boston – Meetup dedicated to the lean startup and customer development methodology. Gridco Systems – Power Distribution Systems (backed by General Catalyst and Northbridge). Investors: Antonio Rodriguez – Matrix Partners, HP ( blog , @antrod). David Skok – Matrix Partners ( blog , @bostonvc).

Boston 71

Boston Technical Review Community Cofounder 71

Startup Lessons Learned

SEPTEMBER 12, 2008

You might get a bunch of inbound emails from other press and partners, and all of these things can contribute to a feeling that you’re on your way to getting tons of traffic. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? How to listen to customers, and not just the loud.

Audience 119

Audience San Francisco Continuous Deployment Lean 119

Steve Blank

FEBRUARY 22, 2010

As a founder you are testing a series of hypotheses about all the pieces of the business model: Who are the customers/users? What’s the distribution channel? Who are our partners? If you are following Customer Development , the answer is easy. Filed under: Customer Development , Durant versus Sloan.

Balance Sheet 300

Balance Sheet Startup Burn Rate Metrics 300

Steve Blank

MARCH 11, 2015

They’ve found product/market fit (what products customers want to buy). They’ve learned the best distribution channel to get the product from their company to the customer. Filed under: Big Companies versus Startups: Durant versus Sloan , Business Model versus Business Plan , Customer Development.

Widget 120

Widget Lean Business Model Metrics 120

Steve Blank

MAY 3, 2011

This week they were testing their hypotheses about Partners. Partners are the external companies whose product or service combines with your Value Proposition to create a complete customer solution or “whole product&# to satisfy customers. They worked on understanding their partners. The Nine Teams Present.

South Dakota 223

South Dakota Business Model Lean United States 223

Steve Blank

APRIL 15, 2016

Michael Mondavi , founder and coach of Folio Fine Wine Partners. In Silicon Valley for three decades, spent eight years as a partner at US Venture Partners. In 2004, he launched Folio Fine Wine Partners with his wife Isabel and their children, Rob, Jr. Filed under: Customer Development , SiriusXM Radio Show.

Silicon Valley 139

Silicon Valley California Entrepreneur Cofounder 139

Steve Blank

APRIL 15, 2016

Michael Mondavi , founder and coach of Folio Fine Wine Partners. In Silicon Valley for three decades, spent eight years as a partner at US Venture Partners. In 2004, he launched Folio Fine Wine Partners with his wife Isabel and their children, Rob, Jr. Filed under: Customer Development , SiriusXM Radio Show.

Silicon Valley 120

Silicon Valley California Entrepreneur Cofounder 120

Steve Blank

MAY 16, 2016

This week teams figured out how to measure mission achievement and success, and our advanced lectures were on activities, resources and partners. In companies this would be product line extensions, more efficient supply chain, new distribution channels. Advanced Lecture – Activities, Resources and Partners. Lessons Learned.

San Diego 143

San Diego Metrics Indonesia Silicon Valley 143

Steve Blank

JUNE 5, 2009

You make several first order approximations about your business model, distribution channels, demand creation, and customer acceptance. You leave the comfort of your existing job, convince a few partners to join you and you jump off the bridge together. No building, no money, no customers, no market?

Silicon Valley 219

Silicon Valley RSS Vertical California 219

Steve Blank

JULY 9, 2009

So I got out out of the building to meet and understand our customers and distribution partners. I remember after a month or two of talking to 14-22 year old male gamers (our potential target market,) I realized that for the first time in my career I had no emotional connection to my customers or channel partners.

Silicon Valley 142

Silicon Valley RSS California Video 142

Steve Blank

APRIL 5, 2010

Students formed teams, came up with a business idea then talked to customers, vendors and sales channel partners to validate their business model. Each week the students had to submit a two-page analysis of the presenting company’s business model, distribution channels, demand creation activities, and engineering.

Silicon Valley 127

Silicon Valley Business Model Customer Development Engineer 127