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The 47th (-46) International Business Model Competition

Steve Blank

The most visible step was the first International Business Model Competition , hosted by the BYU Rollins Center for Entrepreneurship and Technology. We’ve been teaching that the difference between a startup and an existing company is that existing companies execute business models, while startups search for a business model.

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Entrepreneurship is an Art not a Job

Steve Blank

Over the last decade we assumed that once we found repeatable methodologies (Agile and Customer Development , Business Model Design) to build early stage ventures, entrepreneurship would become a “science,” and anyone could do it. Instead we ended up with poorly written documents that looked like ransom notes.

Agile 334
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Why Real Learning is Outside the Building, Not Demo Day

Steve Blank

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. Whoah…were customers telling us we are a consumer product rather than B-to-B??

Lean 322
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No One Wins In Business Plan Competitions

Steve Blank

Business Plan Versus Business Models. Where did the idea that startups write business plans come from? A business plan is the execution document that large companies write when planning product-line extensions where customer, market and product features are known. initial business model hypotheses).

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The LeanLaunch Pad at Stanford – Class 6: Channel Hypotheses

Steve Blank

All the teams were showing us what agile looked like, but this week several would remind us what focused and relentless really meant. Their week 6 business model now looked like this: . With the evidence piling up, the team is now starting to think about pivoting to other customer segments and/or other pricing models.

Channel 234
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How Your Startup Can Compete With the Tech Giants

The Startup Magazine

Due to a small work environment, there is very little paperwork involved in startups, especially in agile development. While bookkeeping and written documents still exist, communication revolves around eye-to-eye contact with colleagues. Adopt an Agile Work Environment. Less Bureaucracy. Streamline Your Project Pipeline.

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Why Build, Measure, Learn – isn’t just throwing things against the wall to see if they work

Steve Blank

Founders assumed they understood customer problems/needs, wrote engineering requirements documents, designed the product, implemented /built the hardware/software, verified that it worked by testing it, and then introduced the product to customers in a formal coming out called first customer ship. Generating Hypotheses. Testing Hypotheses.

Lean 120