Version One Ventures

SEPTEMBER 3, 2014

I love being in VC because I get the opportunity to learn about new technologies and industries every day. Each month, we pick an up-and-coming vertical or theme and do a deep dive (with the help of Mattermark … portfolio plug). These entrepreneurs constantly inspire me and in return, I aim to be as helpful and as kind as I can be.

Venture Capital 162

Venture Capital Portfolio Vertical Technical Review 162

Steve Blank

JUNE 25, 2009

Twenty eight years ago I was the bright, young, eager product marketing manager called out to the field to support sales by explaining the technical details of Convergent Technologies products to potential customers. Convergent Technologies was one of those OEM suppliers. Their engineers hated us.

Technology 138

Technology Silicon Valley Fractional VPE Part-Time VPE 138

deal architect

JANUARY 25, 2024

He is in constant touch with entrepreneurs in the EU discussing go-to-market, operational metrics. For the 112th episode of Burning Platform we have Ton Dobbe of Value Inspiration. Ton and I regularly participate in our respective podcasts and video series.

Entrepreneur 170

Entrepreneur Metrics Video Operations 170

Steve Blank

OCTOBER 19, 2009

Other advisors provided marketing with industry-specific advice in our initial vertical markets (computational fluid dynamics, computational chemistry, finite element analysis, and petroleum engineering). They knew the technology trendsetters in their fields and got us in front of them.

Engineer 198

Engineer Silicon Valley Part-Time VPE Advisory Board 198

Both Sides of the Table

JANUARY 6, 2014

When you first start your company and raise initial venture capital your board probably consists of 1-3 founders and 1-2 VCs. And here’s an important point that I think modern entrepreneurs often forget: Investors are “co-owners” of your business. There are just as many bad entrepreneurs who do bad things.

Technical Review 325

Technical Review Early Stage Software Review Los Angeles 325

thebarefootvc

AUGUST 13, 2013

These vertical solutions would focus on specific pain pain points in the enterprise, such as logistics or customer relationship management. The cost of starting a company is much lower, and entrepreneurs have more support than ever to get started. It still surprises me at how few entrepreneurs go through this exercise.

Advisory Board 70

Advisory Board Cloud Venture Capital Vertical 70

Austin Startup

JUNE 27, 2017

Looking for Funds in All the Right Places: The Definitive Guide to Austin Capital By David Altounian and Stephen Straus OVERVIEW For entrepreneurs: We’ve compiled a definitive list of sources of capital in Austin to help focus your fundraising efforts.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

Steve Blank

MARCH 19, 2009

Now with a new infusion of $8 million dollars of venture capital, SuperMac had been resurrected from the dead and was attempting to restart. Yet two smart VC firms, Sigma and Matrix Partners, realized that somewhere in this mess there was value. Their guess was that they would find value in the high margin graphics business.

Silicon Valley 146

Silicon Valley Software Review Technical Review RSS 146

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. (My Yet when I talked to my venture capital friends, they said, “Well, that’s just how startups work. My mother kept asking if they were going to make me pay the money back.

Silicon Valley 125

Silicon Valley RSS Venture Capital Customer Development 125

Steve Blank

JULY 7, 2009

The relevant part starts about 4:30 into the video (wait for it to download.) luck… and as one of Steve Blank’s posts today mentioned, you can’t test hypotheses from within your building. luck… and as one of Steve Blank’s posts today mentioned, you can’t test hypotheses from within your building.

Customer Development 124

Customer Development Developer Silicon Valley Customer 124

Version One Ventures

SEPTEMBER 3, 2014

I love being in VC because I get the opportunity to learn about new technologies and industries every day. Each month, we pick an up-and-coming vertical or theme and do a deep dive (with the help of Mattermark – portfolio plug). News investment thesis Mattermark values venture capital' Continuous learning.

Venture Capital 60

Venture Capital Portfolio Vertical Technical Review 60

Steve Blank

JUNE 3, 2009

Simulation to Reduce Invention Risk If you’re in a vertical where “invention risk” is dominant, then you want to do everything you can to manage and reduce those risks. When I wrote the Four Steps to the Epiphany , the Customer Development text, I hadn’t yet thought about what vertical markets it might be appropriate for.)

Vertical 128

Vertical Silicon Valley Marketing RSS 128

Steve Blank

AUGUST 13, 2009

Customer Development/Lean Startups In hindsight startups and the venture capital community left out the most important first step any startup ought to be doing – hypothesis testing in front of customers- from day one. Interestingly this response almost always comes from first time entrepreneurs. I was an idiot.

Silicon Valley 179

Silicon Valley RSS Technical Review Lean 179

Version One Ventures

JULY 21, 2020

Technology changes. At the same time, we realize that our interests have been broad over the years: marketplaces and SaaS continue to be core interest areas, but we are also spending a lot of time in crypto, healthcare and climate, and always pushing ourselves to look at the edge of technological innovation. .

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Founder Vertical Differentiation Portfolio 213

Steve Blank

JUNE 8, 2009

In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. would look in each of the verticals. Technology? For example, How does sales differ from one market to another? Where do the ideas come from?

Vertical 122

Vertical Silicon Valley RSS Marketing 122

Steve Blank

APRIL 10, 2009

Filed under: Customer Development , Technology | Tagged: Customer Development , Early Stage Startup , Entrepreneurs , Startups , Steve Blank « SuperMac War Story 6: Building The Killer Team – Mission, Intent and Values Story Behind “The Secret History” Part IV: Library Hours at an Undisclosed Location » 17 Responses Michael F.

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Steve Blank

JUNE 11, 2009

Other Roles in a Startup Generic advice given to entrepreneurs assumes that everyone is going to be the founder/co-founder. Reply steveblank , on June 14, 2009 at 2:22 pm Said: Actually this is the mistake most startup entrepreneurs make – particularly in tough economic times. This is the minimum feature set for founders.

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Cofounder Founder Silicon Valley Technical Cofounder 219

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

Revenue 60

Revenue Technical Review Software Review Equity 60

ReadWriteStart

JANUARY 6, 2011

6, 2011 we hosted our 64th free One Million by One Million (1M/1M) strategy roundtable for entrepreneurs, and the first for this year. As usual, then, I worked with three entrepreneurs working on specific businesses. In the Entrepreneur Journeys methodology, we focus on customer validation as early as possible. Mava Consulting.

Vertical 115

Vertical Web San Francisco Entrepreneur 115

VC Cafe

FEBRUARY 7, 2011

Today’s e-consumers are reaping the benefits of eCommerce’s cornerstone: Superior technological innovation. At the end of the day, the predictability of the business model, coupled with a fervent devotion to technological innovation, means that a company can invest in more marketing with confidence.

eCommerce 94

eCommerce Open Source SEM Technical Review 94

Ben's Blog

MARCH 1, 2011

In my career, I have never seen a position in any industry with more varying criteria than General Partner at a venture capital firm. Interestingly, many different models have worked, but in all cases the criteria by which the General Partner is selected says a lot about what you should expect as an entrepreneur from the firm.

Partner 78

Partner Technical Review Venture Capital Cofounder 78

Version One Ventures

OCTOBER 17, 2018

And we also look at companies that are creating the best product for a specific vertical – including bio/healthcare and other emerging tech. We believe these emerging tech ecosystems are more relevant than ever, and want to empower entrepreneurs outside Silicon Valley with opportunities to grow successful businesses.

Silicon Valley 127

Silicon Valley North America San Francisco LP 127

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. See Bessemer Venture Partners’ A comprehensive guide to security for startups.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Steve Blank

NOVEMBER 26, 2009

Reply steveblank , on November 26, 2009 at 10:29 am Said: Just the stories of the entrepreneurs are bigger than life. Your ranch has rattlesnakes and rabbits bigger than you? California, where even the rabbits are bigger than life! The size of the story grows directly proportional to the number of years removed from the event.)

Silicon Valley 137

Silicon Valley Turkey United States RSS 137

Steve Blank

SEPTEMBER 24, 2009

Pattern Recognition One of the great things about being an entrepreneur is that you are constantly running a pattern recognition algorithm against a continual collection of customer and market data. But at times it’s why entrepreneurs can sink their own companies. More on this in later posts.)

Customer 195

Customer Silicon Valley RSS California 195

Steve Blank

OCTOBER 5, 2009

It was the best of times, it was the worst of times Ardent would be my third technology company as a VP of Marketing (Convergent Technologies and MIPS Computers were the other two.) It was my ex boss from Convergent Technologies, “Steve we’ve all just resigned from Convergent and we’re starting a new company.

North Carolina 125

North Carolina Silicon Valley Fractional VPE Part-Time VPE 125

Steve Blank

NOVEMBER 16, 2009

Filed under: Customer Development , Customer Development Manifesto , Market Types « “Lessons Learned” – A New Type of Venture Capital Pitch Closure » 21 Responses Tweets that mention Times Square Strategy Session – Web Startups and Customer Development « Steve Blank -- Topsy.com , on November 16, 2009 at 7:20 am Said: [.]

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

JANUARY 6, 2011

Third, to share both thinking and practice as I learned how to teach entrepreneurs (the way one teaches artists and musicians.). An innovative entrepreneur put his company to work delivering the podcasts with his compliments.

Silicon Valley 195

Silicon Valley California Vertical Customer Development 195

Both Sides of the Table

APRIL 23, 2011

I took the opportunity this past week to publish summary notes of some of the VCs and entrepreneurs I had interviewed on This Week in VC. One of my goals in doing the show was not only to educate entrepreneurs but also to put a human face on many of the VCs in our industry as VCs can be hard to get to know. (5:00 5:00 – 5:55).

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Vertical Curation Boston Burn Rate 265

abovethecrowd.com

NOVEMBER 13, 2012

Entrepreneurs accurately recognize that the connective tissue of the Internet provides an opportunity to link the players in a particular market, reducing friction in both the buying and selling experience. Opportunity for Technology to Add Value. In many marketplaces, the technology offering greatly enhances the user experience.

Aggregator 101

Aggregator Marketing Software Review North America 101

Hearpreneur

FEBRUARY 19, 2023

Every waking day, we are having tremendous changes in regulations and technology which greatly affect the way businesses operate. Some entrepreneurs will say the future is definitely bright but to others, some of these changes are meant to work against their expansion and business operations. Thanks to Daniel Chabert, PurpleFire ! #2-

Artificial Inteligence 108

Artificial Inteligence Technical Review Entrepreneur Global 108

Steve Blank

SEPTEMBER 7, 2009

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (..)

Customer Development 224

Customer Development Developer Customer Silicon Valley 224

Steve Blank

NOVEMBER 12, 2009

Brendan McManus said: “Lessons Learned” – A New Type of Venture Capital Pitch [link] #startup #advice [.] I am a young entrepreneur here, absolutely dying to hear the talk. Lessons Learned” – A New Type of Venture Capital Pitch « Steve Blank (tags: presentations presuation vc startup) [.]

Venture Capital 209

Venture Capital Silicon Valley RSS Hockey Stick 209

The Startup Magazine

OCTOBER 14, 2021

The Startup Magazine continues our Founder Interview series with entrepreneur Richard Lavina, Co-Founder and CEO of accounting services platform, Taxfyle. We’re aiming to bring that boost in productivity and cost-efficiency both to CPA firms and other professional services firms in other verticals (i.e.

CPA 135

CPA Founder Vertical Cofounder 135

Steve Blank

AUGUST 31, 2009

The greatest risk in startups —and hence the greatest cause of failure—is not the technology risk of developing a product but in the risk of developing customers and markets. Likewise, business program must educate marketers to deliver more actionable results (read: less fluffy) that can really drive all the technology work.

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Steve Blank

DECEMBER 7, 2009

With your permission, I’d like to tell this tale and direct other aspiring entrepreneurs to follow your lead! As a young entrepreneur in his first startup, this post hits our current situation spot on. This is a great way to turn the fear of a stolen idea into a positive. Certainly not fun, but great insight.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Steve Blank

OCTOBER 21, 2010

BTW, the definition of entrepreneurship I describe at 2:50 into the video is described in detail in the post “ You’re Not a Real Entrepreneur.&# Instead of a brawl it turned out to be collegial, entertaining and informative. Here’s a 6 minute excerpt from the talk.

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