Steve Blank

NOVEMBER 16, 2009

I was in New York last week with my class at Columbia University and several events made me realize that the Customer Development model needs to better describe its fit with web-based businesses. And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” It’s an impressive portfolio.

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

SEPTEMBER 7, 2009

This post describes how following the traditional product development can lead to a “startup death spiral.&# In the next posts that follow, I’ll describe how this model’s failures led to the Customer Development Model – offering a new way to approach startup sales and marketing activities.

Customer Development 224

Customer Development Developer Customer Silicon Valley 224

Steve Blank

JULY 7, 2015

My guests on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Eric Ries , entrepreneur and author of the New York Times bestseller, The Lean Startup. Eric was the very first practitioner of my Customer Development methodology which became the core of the the Lean methodology.

Lean 120

Lean Technical Cofounder Silicon Valley Channel 120

David Teten

SEPTEMBER 6, 2015

She had so much insight to share that we broke the interview into two parts, 1) Corporate Venture Capital and more broadly, 2) How the Fortune 500 Can Buy, Invest and Partner with the Innovation Economy (coming soon). . Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Steve Blank

SEPTEMBER 1, 2021

The idea of exploitation versus exploration was central in my own work in building the lean methodology for start-ups. The key was the realization that start-ups are not simply smaller versions of large companies, which execute/ exploit known business models, and whose customers, problems, and necessary product features are all “knowns.”

Incubator 402

Incubator Lean Agile Business Model 402

Steve Blank

MAY 9, 2017

the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. Yet time after time, after the product shipped, startups would find that customers didn’t use or want most of the features.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

View from Seed

OCTOBER 24, 2019

As seed rounds have atomized, it’s not uncommon for founders to raise 3 or even 4 rounds prior to a series A. The reality is that if a founder raised every one of these rounds, and lead investors always got their “target” ownership, the level of dilution would be ridiculous. Founders with limited experience. should be avoided.

Dilution 149

Dilution B2B Burn Rate Early Stage 149

Steve Blank

JUNE 11, 2009

Posted on June 11, 2009 by steveblank When my students ask me about whether they should be a founder or cofounder of a startup I ask them to take a walk around the block and ask themselves: Are you comfortable with: Chaos – startups are disorganized Uncertainty – startups never go per plan Are you: Resilient – at times you will fail – badly.

Cofounder 219

Cofounder Founder Silicon Valley Technical Cofounder 219

Steve Blank

MAY 18, 2009

What makes an individual a great startup founder (versus an employee) has been something I had been thinking about since I retired. A Day in the Life of A Founder For those of you who’ve never started a company, let me assure you that it never happens like the pleasant articles you read in business magazines or in case studies.

Founder 297

Founder Silicon Valley RSS China 297

Steve Blank

NOVEMBER 7, 2013

In 2012 I got together with Alexander Osterwalder , Henry Chesbrough and Andre Marquis to think about the Lean and the future of corporate innovation. It didn’t take us very long to connect the dots between exponential growth, business model innovation and the “Lean Startup” movement. in developing these new models.

Lean 326

Lean Nepal Cofounder Customer Development 326

Steve Blank

NOVEMBER 23, 2009

The Times Square Strategy discussion I had with Eric Ries , was still top of mind, so instead of my standard Customer Development lecture , I offered my thoughts on: the origin of Customer Development, where we are today, and where does Customer Development go, and how you can help get it there.

Customer Development 212

Customer Development Developer Silicon Valley Customer 212

Steve Blank

JANUARY 21, 2016

If you’re a technical startup founder, one of the painful lessons is that it’s not enough just to build a great product. You must also understand the value the product provides customers (along with the rest of your business model.). Clay Hebert , founder of Crowdfunding Hacks. Clay Hebert.

Detroit 120

Detroit Baltimore Entrepreneur Cofounder 120

Up and Running

MAY 18, 2016

The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. ” Lean Business Planning: Get What You Want From Your Business. Why David Rose recommends it: “This guide takes the lean theories and shows you how to put them into practice.”. B y Eric Ries. B y Tim Berry.

Startup 80

Startup Venture Capital Angel Investor Lean 80

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. Over the years we brainstormed about how Lean entrepreneurship would affect regional development. Founders Pad.

Silicon Valley 312

Silicon Valley Oregon Lean Venture Capital 312

Steve Blank

FEBRUARY 23, 2009

I was consulting for the two venture capital firms who between them put $12 million into my last failed startup. Yet when I talked to my venture capital friends, they said, “Well, that’s just how startups work. Arguments that I had heard at my own startups seem to be repeated at others.

Silicon Valley 125

Silicon Valley RSS Venture Capital Customer Development 125

Steve Blank

JULY 1, 2014

When I first read about the Investment Readiness Level (IRL) on Steve’s blog, I was excited by Steve’s attempt to bridge the capital-efficient Lean Startup process for founders with the capital-raising process for funders. But the ‘ah-hah!’ Enables better mentoring. But the IRL is more than a diagnostic.

Sacramento 306

Sacramento Framework Customer Development Lean 306

Steve Blank

MAY 30, 2016

Understanding the left-side of the mission model canvas ( activities, resources , partners , and costs) forces all teams to ask, “Are we building a product for a DOD/IC customer only or do we have a “dual-use” product that could be sold commercially and get funded by venture capital?”. This post is a continuation of the series.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Steve Blank

SEPTEMBER 17, 2009

This post describes a solution – the Customer Development Model. In future posts I’ll describe how Eric Ries and the Lean Startup concept provide the equivalent model for product development activities inside the building and neatly integrates customer and agile development.

Customer Development 242

Customer Development Developer Customer Silicon Valley 242

Steve Blank

JUNE 15, 2010

So if you’re the founder of a startup, you may want to consider who you take money from. Is Your VC Founder Friendly? Do they “get&# Customer Development ? How many of their founders are still with their company? How many of their founders are still with their company? Do They Get Customer Development?

Founder 231

Founder Vesting Later Stage Early Stage 231

Steve Blank

FEBRUARY 18, 2010

After I retired, I began teaching Customer Development , a theory of how to reduce early stage risk in entrepreneurial ventures. Am I a Founder? Raising Money Using Customer Development……… 47. Lessons Learned – A New Type of Venture Capital Pitch……… 52.

Silicon Valley 202

Silicon Valley Customer Development IP Developer 202

Steve Blank

SEPTEMBER 24, 2009

The Founder’s New Insight Smart founders are never satisfied with simply executing their current business model, they are constantly observing, orienting and deciding whether their current business model can be made better. But the purpose of this post is what happens when a founder (or large company CEO) finds a better business model.

Customer 195

Customer Silicon Valley RSS California 195

Steve Blank

MARCH 5, 2015

On April 27 th , on my next program, my guest will be Eric Ries the author of the Lean Startup. Future guests include Marc Pincus, founder of Zynga , and other interesting founders and investors. Email businessradio@siriusxm.com. Tweet @BizRadio111. Is there anyone you’d like to hear on the air on future shows?

Channel 120

Channel Venture Capital Lean Business Model 120

Up and Running

MAY 23, 2016

Step 1: Start with a lean plan. It’s the fastest way to get your idea onto paper, and it’s the very first step in the lean planning process, which is much easier and more iterative than traditional business planning methods. Introducing Lean Planning: How to Plan Less and Grow Faster. Solve a problem you can relate to.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

NOVEMBER 9, 2009

PS1- I run a small software startup in Brazil and just found out about Customer Development and your blog (I’ve been reading and listening to everything I can get my hands on online, like Venturehacks and Ries’ blog). You can get away with effective behavior in a large company. Thank you for sharing this.

Silicon Valley 324

Silicon Valley Software Review RSS Technical Review 324

Steve Blank

OCTOBER 19, 2009

Years later he would become a venture capitalist at Sequoia Capital.) He would go on to be a co-founder of two mechanical engineering software companies.) Our head of finite element analysis came from General Motor’s Chevy division, where he headed up one of their analysis groups. (He

Engineer 198

Engineer Silicon Valley Part-Time VPE Advisory Board 198

Steve Blank

JUNE 4, 2012

As the morning fog burns off the California coast, I am working with Steve Blank, preparing for the Lean LaunchPad Faculty Development Program we are running this August at U.C. Alex, vice provost for Innovation & Economic Development at Weber State University in Utah and completing his first year of teaching entrepreneurship.

Silicon Valley 305

Silicon Valley Lean Utah Customer Development 305

Steve Blank

AUGUST 20, 2013

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? Venture Capital Issues. Early stage Venture Capital for medical device startups has dried up. Venture Capital. Regulatory Issues.

Startup 294

Startup Venture Capital Lean IPO 294

www.women2.org

MARCH 8, 2012

female founders. founder friday. Lessons learned from female founders and women entrepreneurs. Startup Quote: Wendy Tan White on Building a Successful Startup » FounderDating: How I Found My Co-Founder. Tweet By Elizabeth Knopf (Co-Founder & CEO, Sorced). Scoring Founder “Dates” On My Own.

Cofounder 47

Cofounder Technical Review San Francisco Founder 47

YoungUpstarts

JANUARY 14, 2013

Amsterdam-based startup accelerator Rockstart last year launched a program to find and support ten teams of startup founders in Europe. The startup accelerator also announced that it will incorporate lean startup methodology as a key aspect in its upcoming program, and will be the first in Europe to do so.

Silicon Valley 231

Silicon Valley Europe Venture Capital Incubator 231

Startup Lessons Learned

APRIL 18, 2010

Lessons Learned by Eric Ries Sunday, April 18, 2010 Four myths about the Lean Startup Myth: Lean means cheap. Lean startups try to spend as little money as possible. Truth: The Lean Startup method is not about cost, it is about speed. Myth: The Lean Startup methodology is only for Web 2.0/internet/consumer

Lean 167

Lean San Francisco Continuous Deployment Startup 167

Startup Lessons Learned

OCTOBER 4, 2008

Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? ) He serves on the advisory board of a number of technology startups, and has worked as a consultant to a number of startups, companies, and venture capital firms. Looking forward for your future posts.

San Francisco 155

San Francisco Technical Cofounder Fractional CTO CTO 155

David Teten

OCTOBER 1, 2015

I’ve seen a range of options for supporting entrepreneurs, which I can rank from least to most involvement in companies by investors: financier VCs, e.g., Correlation Ventures. portfolio operator VCs, e.g., Andreessen Horowitz, ff Venture Capital, First Round Capital, Google Ventures. mentor VCs, e.g., most VCs.

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

steveblank.com

JULY 8, 2011

AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of product development Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Steve Blank

JULY 16, 2009

We Don’t Need Domain Experts When I looked around at our executive staff, there wasn’t a single founder who was a gamer. Customer Development There was nothing wrong about Rocket Science having a vision radically different than the conventional wisdom. Nor was there anyone with game experience on our board. Make sure they are.

Silicon Valley 207

Silicon Valley RSS Video San Diego 207

Steve Blank

OCTOBER 5, 2009

Oh, and since it was not code compatible with anything, we were going to have to port all the key scientific applications our customers needed (as soon as we figured out who they were.) A few days later Gordon became a founder. Reply Karma in the Lean Startup Era , on January 28, 2010 at 5:26 pm Said: [.]

North Carolina 125

North Carolina Silicon Valley Fractional VPE Part-Time VPE 125

Steve Blank

MAY 15, 2009

Stay hungry, stay lean. I don’t want to be hungry and lean (nor do I want to be full and fat). It was an odd feeling at that time, we thought we have made it and fail to stay lean and hungry. Let this article serve us reminders to founders and boards alike Reply Michael F.

Silicon Valley 205

Silicon Valley RSS Lean Agile 205

Steve Blank

MAY 28, 2009

But then, because there might be entrenched competitors and your concept is radically new, you still need to invest in the customer development process to learn how to get design wins from companies who may be happy with their existing vendors. In particular, you will likely have to do without venture funding becuase it is costly.

Vertical 144

Vertical Silicon Valley Marketing Customer 144