article thumbnail

Leaving Government for the Private Sector – Part 2

Steve Blank

Most of her lessons were applicable to any government employee venturing out to the private sector. Before leaving government service one of my biggest challenges was to understand how my skill as a Case Officer would translate into a job in the commercial world. It provides governance and financial oversight to the company.

article thumbnail

Grant Applications Often Provide Early-Stage Funding

Startup Professionals Musings

Acquiring seed-stage funding is admittedly tough, but a source that I find often overlooked is government grant funding, accessible in the U.S. Government grants start as small a few thousand dollars, but can provide a million dollars or more in capital to new ventures. The approval process is long and bureaucratic.

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 The Government is Isn’t a Bigger Version of a Startup

Steve Blank

And from then on, innovation in semiconductors, supercomputers, and software would be driven by startups, not the government. Today, every government agency, service branch, and combatant command is adopting innovation activities (hackathons, design thinking classes, innovation workshops, et al.)

article thumbnail

6 Sources of Help For Early Stage Concept Exploration

Startup Professionals Musings

If you need funding for these early stage activities, I have some suggestions on better strategies to follow. In this context, there are at least six stages often included in the scope of R&D to narrow your focus: Search for new technologies. This is the transition stage from basic research to applied research.

article thumbnail

Is a Venture Studio Right for You?

Steve Blank

Three types of organizations – Incubators, Accelerators and Venture Studios – have emerged to reduce the risk of early-stage startup failure by helping teams find product/market fit and raise initial capital. They do the most to de-risk the early stages of a startup. I pointed out that there were.

article thumbnail

10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity. Solicit funds from friends and family.

article thumbnail

Even the Smartest VCs Sometimes Get it Wrong – Bill Gurley and Regulated Markets

Steve Blank

The first part was railing against the consequences of regulatory capture on innovation and a second part, about the consequences of premature government regulation of AI and why the incumbents are all for it. He recently gave a talk at the All-In Summit that was really two talks in one. In the U.S. Bill Gurley’s point.)