Steve Blank

JUNE 8, 2021

Although the class was run completely online, and even though they were suffering from Zoom fatigue, the 10 teams of 42 students collectively interviewed 1,142 beneficiaries, stakeholders, requirements writers, program managers, industry partners, etc. – while simultaneously building a series of minimal viable products.

Lean 394

Lean Security Asia SBIR 394

Steve Blank

AUGUST 17, 2009

In some cases, branches of the military contracted directly with Stanford which worked with local contractors in Silicon Valley to build these components or systems for the military. The Navy informs Terman that, “money was not a problem but time was.” and the Soviet Union had nuclear weapons at this point.)

Silicon Valley 144

Silicon Valley RSS California Government 144

VC Cafe

FEBRUARY 27, 2023

For the past 10 years, with interest rates near zero, VC investors plowed record amounts into tech startups and enjoyed a seemingly ‘easy’ investing environment. Prices went up from round to round, and startups were encouraged to grow, grow, grow, and not to worry about profitability. Support emerging managers.

Venture Capital 215

Venture Capital Technical Review LP Institutional Investors 215

Steve Blank

DECEMBER 20, 2011

63 scientists and engineers in 21 teams made 2,000 customer calls in 8 weeks , turning laboratory ideas into formidable startups. government agency that supports research in all the non-medical fields of science and engineering. “We’ve been reading your blog about your Lean Launchpad class.” The Innovation Corps Startup Team.

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Incubator Government Silicon Valley Lean 303

Both Sides of the Table

MAY 19, 2010

Our guest this week on #TWiVC was Dana Settle , partner at Greycroft Partners , a venture capital firm with offices in New York and Los Angeles. Another topic we debated early in the program was “lean startup” vs. “ fat startup ” where we both took the obvious hedge and said “it depends.” OTHER DEALS: 1.

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Partner New York City Cofounder Syndicate 240

Startup Lessons Learned

OCTOBER 24, 2017

We’ve had an amazing first week following publication of The Startup Way. A few thing as we move into Week 2 of my book tour: I'm now in Los Angeles and San Francisco to promote The Startup Way. I’ve loved traveling to talk about the book and hearing what readers and supporters have to say and what their most pressing questions are.

San Francisco 107

San Francisco Los Angeles Software Review Silicon Valley 107

Steve Blank

DECEMBER 17, 2015

Read part one on the Evolution of Corporate R&D , part two on Innovation Outposts in Silicon Valley , and part three The 6 Decisions to Make Before Setting up an Innovation Outpost. In the first stage the Outpost focusses on networking and partnering in the Innovation Cluster in which it is based (i.e.

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Steve Blank

DECEMBER 7, 2009

Posted on December 7, 2009 by steveblank In my 21 years of startups, I had my ideas “stolen” twice. 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. See part one for the first time it happened.

Silicon Valley 232

Silicon Valley Non-disclosure Agreement NDA Startup 232

Startup Lessons Learned

JUNE 19, 2019

Andy and I will be having a fireside chat at this year’s Lean Startup Conference in October. Meanwhile, we recently talked with him about his thoughts on 35 years in Silicon Valley, why the skill sets of venture capitalists and CEOs are so different, and why telling a good story about your product is so crucial.

Silicon Valley 159

Silicon Valley Lean Venture Capital Pre-Money Valuation 159

Steve Blank

NOVEMBER 16, 2009

However the Customer Development Model and the Lean Startup work equally well for startups on the web. Union Square Ventures The next morning I got to spend time with Brad Burnham , partner at Union Square Ventures talking about their investment strategy and insights about web-based businesses.

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Customer Development Web Developer Customer 223

Startup Lessons Learned

MAY 25, 2021

Eren Bali arrived in Silicon Valley from Turkey in 2010 hoping to relaunch Udemy , his online education company. He spent a few years working at the tech startup SpeedDate before following through with his original plan, after which Udemy went on to be enormously successful. Then he realized that somebody was him.

Silicon Valley 60

Silicon Valley Turkey Los Angeles California 60

Steve Blank

MARCH 31, 2015

BMNT , a new Silicon Valley company, is combining the Lean Methods it learned in combat with the technology expertise and speed of startups. The OODA Loop was the Lean Startup philosophy before lean. In peacetime the U.S. military is an immovable and inflexible bureaucracy. In World War II the U.S.

Silicon Valley 120

Silicon Valley Afghanistan Iraq Kuwait 120

Steve Blank

APRIL 10, 2009

And he recognized it was making his startup feel and act like a big ponderous company. Most decisions in a startup must be made in the face of uncertainty. One of the things he mentioned was that when it came to decision-making he still tended to think and act like an engineer. The same is true in your company.

Silicon Valley 302

Silicon Valley RSS Startup Agile 302

Steve Blank

JUNE 6, 2016

Innovation outposts in Silicon Valley allow big companies to sense and respond to rapid changes in technology. How to make corporate innovation work and drive success in startups were the topics of discussion with the guests on today’s Entrepreneurs are Everywhere radio show. He was the CEO of two startups.

Silicon Valley 120

Silicon Valley Entrepreneur Fractional CTO Analytics 120

Steve Blank

NOVEMBER 13, 2012

The Japanese edition of The Startup Owner’s Manual hit the bookstores in Japan this week. Back in 1990’s, I was working for one of the leading sogo shohsa (trading company) in Japan, building data communications startups. The result: great success of my third startup, a load balancing technology for web servers back in the late 1990’s.

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Japan Customer Development Developer Customer 296

The Next Web

SEPTEMBER 13, 2013

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. He is currently CEO of Bubbly , a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding.

Asia 132

Asia Silicon Valley India Term Sheet 132

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. The best and most consistent funds in Silicon Valley (e.g.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. The goal of their startup in this stage becomes “getting funded.”

Customer Development 264

Customer Development Developer Customer Silicon Valley 264

Steve Blank

AUGUST 29, 2016

We tend to associate the government with words like bureaucracy rather than lean innovation. Department of Defense by adopting Lean Methodology inside their agency. To connect to innovation centers outside the agency, their research group has set up “NGA Outpost Valley” (NOV), an innovation outpost in Silicon Valley.

Lean 178

Lean Silicon Valley Government Acquisition 178

Steve Blank

AUGUST 29, 2016

We tend to associate the government with words like bureaucracy rather than lean innovation. Department of Defense by adopting Lean Methodology inside their agency. To connect to innovation centers outside the agency, their research group has set up “NGA Outpost Valley” (NOV), an innovation outpost in Silicon Valley.

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Lean Silicon Valley Government Acquisition 178

Austin Startup

JUNE 26, 2019

We tried, and opted out of, potentials for pivots; we pitched for game-changing partners and acquisitions that did not ultimately convert. New business are hard: 50% succeed in the first 5 years Startups are hard: 10% succeed?—?only Lean into it. outside of a vacuum. and every other team member the same way. Step on the scale.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

Startup Lessons Learned

AUGUST 26, 2009

Lessons Learned by Eric Ries Wednesday, August 26, 2009 Building a new startup hub Last week, I had a unique opportunity to spend some time in Boulder at the behest of TechStars. It was a great experience to see a relatively new startup hub in action - and thriving. Its easy to take Silicon Valley for granted.

San Francisco 113

San Francisco Silicon Valley Startup Lean 113

The Next Web

JANUARY 16, 2014

This was the national news story that greeted me when I first arrived back in my home city of Melbourne for a Christmas visit, after spending the past three of five years overseas working towards building a vibrant startup ecosystem in London with my own community organisation 3beards. and RealEstate.com.au Companies to watch.

Australia 146

Australia San Francisco IPO Cofounder 146

Steve Blank

NOVEMBER 21, 2016

Hacking for Diplomacy takes the Lean Startup methodology and applies it to problems sourced from the State Department. Each team continues to capture its work on a Mission Model Canvas – a modified version of the Business Model Canvas that’s at the heart of the Lean Startup methodology.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

NOVEMBER 21, 2016

Hacking for Diplomacy takes the Lean Startup methodology and applies it to problems sourced from the State Department. Each team continues to capture its work on a Mission Model Canvas – a modified version of the Business Model Canvas that’s at the heart of the Lean Startup methodology.

Silicon Valley 120

Silicon Valley Washington United Kingdom Lean 120

Steve Blank

MAY 30, 2016

the teams spent the last two weeks learning what activities, resources and partners they would need to actually deliver their solution. Four decades ago my first job in Silicon Valley was with ESL, the first company to combine computers and signals intelligence. The founder of this 1964 Silicon Valley startup was Bill Perry.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Steve Blank

AUGUST 31, 2009

After 20 years of working in startups, I decided to take a step back and look at the product development model I had been following and see why it usually failed to provide useful guidance in activities outside the building – sales, marketing and business development.

Customer Development 241

Customer Development Developer Customer Silicon Valley 241

Startup Lessons Learned

JULY 11, 2019

Ann Miura-Ko is a founding partner at Floodgate , a seed-stage VC firm. Among her early investments are Lyft, TaskRabbit and Modcloth, which, as our recent conversation shows, are only part of the reason Forbes called her “the most powerful woman in startups.” I've been in venture now twice. Let’s move to Floodgate now.

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Founder Lean Venture Capital Cofounder 68

Both Sides of the Table

APRIL 19, 2011

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. Matt is one of the most transparent, focused & honest startup guys you’ll meet. Or read the quick, informative summary below the image!

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

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. Startups in Bend. Startups in Bend.

Silicon Valley 314

Silicon Valley Oregon Lean Venture Capital 314

Steve Blank

JUNE 29, 2009

My first job in Silicon Valley: I was hired as a lab technician at ESL to support the training department. It makes you appreciate that the Silicon Valley technology-centric culture-bubble has little to do with the majority of Americans.) You’re Hired, You’re Fired. Driving across the U.S. I was stunned.

Agile 251

Agile Silicon Valley RSS California 251

Steve Blank

MARCH 19, 2009

Yet two smart VC firms, Sigma and Matrix Partners, realized that somewhere in this mess there was value. Steve Blanks 30 years of Silicon Valley startup advice. And with all of that they had gone broke, out of business and into Chapter 11. Their guess was that they would find value in the high margin graphics business.

Silicon Valley 150

Silicon Valley Software Review Technical Review RSS 150

Steve Blank

JULY 2, 2009

Entrepreneur-in-Residence After SuperMac I had been approached by one of our venture investors to be an entrepreneur in residence (EIR), a Silicon Valley phrase which says one thing but means another. Peter described the first company in which “Hollywood meets Silicon Valley” and we were enthralled.

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Silicon Valley Technical Review RSS Software Review 120

The Startup Magazine

JUNE 1, 2023

By Daniel Sokolovksy, Co-Founder and CEO, WARP and Troy Lester, Co-Founder and CRO, WARP The dissolution of Silicon Valley Bank (SVB) was more than just a bank collapse, it was a reality check for both startups and the VCs that fund them. That includes us. As an early-stage company that just closed our seed round at $8.1

Early Stage 108

Early Stage Los Angeles Silicon Valley Cofounder 108

Steve Blank

JULY 16, 2009

Meanwhile my partner was in heaven working with his newly hired group of game designers directing and producing our first games. No, not really, but my partner owns the studio and tells me it’s spectacular and everyone will love it. Go spend some time outside the building talking to potential distribution partners.

Silicon Valley 212

Silicon Valley RSS Video San Diego 212

Steve Blank

NOVEMBER 9, 2009

I had hired the VP of marketing from a potential software partner who was responsible to get all this 3 rd party software on our computer. But in a startup, it is very important to be surrounded by efficient people. Oh, and we had no installed customer base. Like killing a person with a nuke is effective, but using a.45

Silicon Valley 327

Silicon Valley Software Review RSS Technical Review 327

Steve Blank

OCTOBER 5, 2009

I had last been in Chapel Hill on a winter’s day in 1986, traveling with the VP of Sales of our new supercomputer startup, Ardent. We were on the University of North Carolina campus to meet with Fred Brooks and Henry Fuchs. We were sitting in our cheap hotel room when the phone rang.

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North Carolina Silicon Valley Fractional VPE Part-Time VPE 126