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Vertical Markets 2: Customer/Market Risk versus Invention Risk.

Steve Blank

Steve,&# he said, “you’re missing the most interesting part of vertical markets. Markets with Invention Risk are those where it’s questionable whether the technology can ever be made to work – but if it does customers will beat a path to the company’s door. are much more differentiating than technology.

Vertical 144
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Why Defense Could Now Be a Market for Startups

Steve Blank

Department of Defense is coming to grips with the idea that the technologies it needs to keep the country safe and secure are no longer exclusively owned by the military or its prime contractors. The military is clamoring for cutting-edge technologies in areas like artificial intelligence, machine learning, and autonomy.

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Why the Future of Tesla May Depend on Knowing What Happened to Billy Durant

Steve Blank

Sloan kept the corporate staff small and focused on policymaking, corporate finance, and planning. He also believed that to succeed the company needed to be vertically integrated and bought up 29 parts manufacturers and suppliers. But the spirit of Billy Durant would rise again in what would become Silicon Valley.

Michigan 268
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Lessons for startup ecosystems from the history of Silicon Valley

The Equity Kicker

It’s a great romp through the history of entrepreneurial ventures and how they were financed – starting with loan deals brokered in coffee shops and ending with the PC boom which established venture capital as an asset class in 1970s and 1980s. We focus on ecommerce and marketplaces.

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Someone Stole My Startup Idea – Part 2: They Raised Money With My.

Steve Blank

I was out and about in Silicon Valley doing what I would now call Customer Discovery trying to understand how marketing departments in large corporations worked. I remember presenting our ideas for Marketing Automation to one VP of Marketing in a large Silicon Valley company. Order Here. To Order Outside of the U.S.

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Can You Trust Any vc's Under 40?

Steve Blank

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. Large companies were acquiring technology startups just to get in the game at the same absurd prices.

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The Customer Development Manifesto: Reasons for the Revolution.

Steve Blank

The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.) So what’s wrong the product development model?