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By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. It went bankrupt in 1997.). Like the U.S.
I remember the first time I read the Innovator’s Dilemma in 1997. CustomerDevelopment became one of the three parts of the Lean Startup as Eric Ries and Alexander Osterwalder provided the other two components (Agile Engineering and the business model canvas.) I never got to say thank you. Eye Opening.
I lived in London from 1997-2005 and for 6 of those years ran my startup based out of London. I had this discussion with Steve with the camera rolling and we talked about “ The Secret History of Silicon Valley ” as place that largely grew out of defense and government spending plus research labs around the Stanford campus.
In fact, at the time (1996-1997) we offered both a downloadable product, that our customers could install on their own servers, and a “hosted-offering”, which came to be known as “On-Demand”, then the “ASP” (Application Service Provider) model, and today we call it “SaaS” (Software as a Service). Patrick is completely correct here.
By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. It went bankrupt in 1997.). Like the U.S.
government is discovering that Lean innovation can help them serve the country better and faster. The Small Business Administration and the digital services agency 18F are trying to help entrepreneurs build successful companies and the 21st century digital government. And some of it could be in development.
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