Steve Blank

JANUARY 22, 2014

Over the years Dino and I brainstormed about how Lean entrepreneurship would affect regional development. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. The cloud , open-source development tools and web 2.0 Build $10-30M funds.

Early Stage 287

Early Stage Silicon Valley Oregon Technical Review 287

Steve Blank

DECEMBER 9, 2013

As our Lean LaunchPad for Life Sciences class winds down, a good number of the 26 teams are trying to figure out whether they should go forward to turn their class project into a business. It was a lifelong lesson that taught me to never start a business where you hate your customers. It never goes well. You just want them to go away.

Cofounder 326

Cofounder Technical Cofounder Liquidity Event Lean 326

Steve Blank

JUNE 23, 2016

Capital is returned to these investors through liquidity events (originally public offerings, but today mostly acquisitions). Innovation can come from inside the corporation, by adopting Lean Startup language and methods, developing intrapreneurship, and fostering innovation-driving behaviors such as GE’s FastWorks program.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

MARCH 18, 2011

Lean Startups/Back to Basics (2000-2010): No IPO’s, limited VC cash, lack of confidence and funding fuels “lean startup” era with limited M&A and even less IPO activity. They taught you about customers, markets and profits. The reward for doing so was a liquidity event via an Initial Public Offering.

Internet 334

Internet IPO Silicon Valley Agile 334

Steve Blank

JULY 2, 2009

Of course, they could be useful in creating liquidity events, but absent bubbly environment and disrupting marketplace what is the point? Of course there have been many VC-backed successes because when new markets rise someone is going to win and many companies take the money along the way.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Steve Blank

JUNE 11, 2013

In a Lean Startup , the goal is to preserve your cash until you find a repeatable and scalable business model. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. How much do they need to own at a liquidity event? When to raise money.

Venture Capital 334

Venture Capital IRR Liquidity Event Business Model 334

Steve Blank

JUNE 11, 2013

In a Lean Startup , the goal is to preserve your cash until you find a repeatable and scalable business model. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. How much do they need to own at a liquidity event? When to raise money.

Venture Capital 226

Venture Capital IRR Liquidity Event Business Model 226