Steve Blank

SEPTEMBER 5, 2018

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash.

Lean 335

Lean Burn Rate Startup IPO 335

Hearpreneur

SEPTEMBER 22, 2021

Here’s what entrepreneurs had to say about the companies they admire for their innovation. #1- Tesla Tesla invented a successful business model for bringing compelling electric cars to the market. I have always admired and been amazed by successful entrepreneurs who don't have a university degree. 7- Virgin Group.

Technical Review 138

Technical Review Entrepreneur Software Review SEO 138

Steve Blank

OCTOBER 30, 2012

Our goal– to inspire, educate and empower hundred’s of thousands of entrepreneurs and help create 10,000 startups. The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual.

Startup 335

Startup Lean Incubator Business Model 335

Steve Blank

MAY 6, 2015

While it sounds simple , the Build Measure Learn approach to product development is a radical improvement over the traditional Waterfall model used throughout the 20 th century to build and ship products. Back then, an entrepreneur used a serial product development process that proceeded step-by-step with little if any customer feedback.

Lean 120

Lean Agile Business Model Customer Development 120

Steve Blank

APRIL 16, 2013

In my 21 years as an entrepreneur, I would come up for air once a month to religiously read the Harvard Business Review. For decades this revered business magazine described management techniques that were developed in and were for large corporations – offering more efficient and creative ways to execute existing business models.

Technical Review 223

Technical Review Lean Venture Capital Customer Development 223

Steve Blank

AUGUST 25, 2015

He’s working to get his agency to adopt Lean and the Horizon 1, 2, and 3 innovation language (Horizon 1 executes current business models, Horizon 2 extends current business models and Horizon 3 searches for new business models ) and was now building a Lean innovation pipeline created out of my I-Corps/Lean LaunchPad classes.

Lean 120

Lean Entrepreneur Business Model Silicon Valley 120

Steve Blank

JULY 13, 2021

By the end of the 20th century, case studies and business plans had reached an evolutionary dead-end for entrepreneurs. The Rise of Business Schools – Management as an Occupation. The business school was invented in the first decade of the 20th century in response to a massive economic transformation in the U.S.

Lean 436

Lean Agile Business Model Business Plan 436

Hearpreneur

JANUARY 5, 2022

So, that’s why we are excited about 2022 because there will be more and more entrepreneurs and businesses. Here’s the pivot other entrepreneurs are making next year: #1- Work four days a week. I’ve devised a sustainable business model where we will contribute to the ecological welfare of our environment.

Entrepreneur 126

Entrepreneur Affiliate Green Cloud 126

Steve Blank

DECEMBER 20, 2011

I remember thinking, “Wow, whoever’s on the other end of phone sounds just like an entrepreneur, they were asking for the impossible.” We taught them the business model / customer development / agile development solution stack. The class textbooks were “ The Four Steps to the Epiphany and Business Model Generation.”).

Incubator 310

Incubator Government Silicon Valley Lean 310

ReadWriteStart

MARCH 8, 2021

Every startup entrepreneur wants to see their company grow. So what are the biggest barriers startup entrepreneurs experience in their route to achieve long-term growth? Adaptability/Agility . Even fewer are successful with the original business model that spawned them. Or is it? .

Startup 127

Startup Retention Acquisition Agile 127

The Startup Magazine

FEBRUARY 14, 2024

The rise of the internet, advancements in digital technology, and the growth of social media platforms have fundamentally transformed the way businesses function and engage with their customers. This article aims to provide essential tips that will help budding entrepreneurs navigate the complex yet exciting world of business.

Entrepreneur 88

Entrepreneur Social Media Agile Security 88

Steve Blank

SEPTEMBER 5, 2013

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. For all the parents out there, relief (and much more) is on its way… [link].

Lean 322

Lean Customer Development Sales Cycle Business Model 322

Steve Blank

MARCH 3, 2015

As I looked around at other schools, I saw pretty much the same landscape – business plan classes, business plan competitions and loosely coupled accelerators that focused primarily on mentoring. There had been tectonic shifts in the startup world, but our business school curriculum had barely moved. And there it was.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Small Business Force

SEPTEMBER 27, 2012

One of the chief benefits of being a small business is the agility that being small enables. Smart entrepreneurs have learned to quickly "pivot" (total change of direction) when a strategy, or even a whole business model is not working. The term agility is most often used in describing an athlete.

Agile 36

Agile Entrepreneur Technical Review Business Model 36

Steve Blank

FEBRUARY 16, 2012

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. The Business Plan ? The Business Plan ?- a roadmap for execution.

Business Model 270

Business Model Customer Development Utah Business Plan 270

Steve Blank

MAY 17, 2010

At best I think business plan competitions are a waste of time. Business Plan Versus Business Models. Where did the idea that startups write business plans come from? A simple way to think about it is that in a startup no business plan survives first contact with customers. What did you build/do?

Business Plan 320

Business Plan Business Model Customer Development Deal Flow 320

Steve Blank

OCTOBER 24, 2016

Services (Cloud, ads, music) have a very different business model. Ballmer and Microsoft failed because the CEO was a world-class executor (a Harvard grad and world-class salesman) of an existing business model trying to manage in a world of increasing change and disruption. They remain entrepreneurs.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

OCTOBER 24, 2016

Services (Cloud, ads, music) have a very different business model. Ballmer and Microsoft failed because the CEO was a world-class executor (a Harvard grad and world-class salesman) of an existing business model trying to manage in a world of increasing change and disruption. They remain entrepreneurs. .

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

APRIL 11, 2018

But that’s the conclusion of a provocative research paper, Asymmetric Information and Entrepreneurship , that explains a new theory of why some people choose to be entrepreneurs. The authors’ conclusion — Entrepreneurs think they are better than their resumes show and realize they can make more money by going it alone.

Entrepreneur 336

Entrepreneur Business Model Aggregator Capital Gains 336

Steve Blank

MARCH 8, 2011

It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots. Startups are in fact only temporary organizations, organized to search –not execute–for a scalable and repeatable business model.

Lean 307

Lean Business Model Customer Development Guinea 307

Startup Professionals Musings

NOVEMBER 27, 2015

Maximum agility for required pivots. It’s amazing to most entrepreneurs how fast their little startup can become a battleship, hard to turn in a storm. Startups need the agility to test various business models and positioning messages.

Hockey Stick 120

Hockey Stick Startup Stealth Agile 120

Startup Professionals Musings

MARCH 7, 2016

Investors have also learned not to invest in ideas but only in entrepreneurs and teams who can deliver solutions. Success requires moving your passion quickly from the idea to the business implementation. Smart entrepreneurs architect a value chain that includes customers, partners and vendors, based on market dynamics.

Technical Review 120

Technical Review Architecture Agile Business Model 120

Steve Blank

MAY 7, 2019

Modern entrepreneurship began at the turn of this century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. This new framework can act as the front-end of Customer Development.

Lean 334

Lean Marketing Agile Customer Development 334

YoungUpstarts

JUNE 13, 2020

With that in mind, here are three possible enterprises for health-focused entrepreneurs. Hopefully these three diverse entrepreneurial ideas get your business brain firing on all cylinders – if you remain agile and open minded, there’s no doubt you’ll be ready to act when opportunity knocks! Workplace wellbeing.

Entrepreneur 147

Entrepreneur Agile Leadership Video 147

Hearpreneur

FEBRUARY 11, 2024

Running a business successfully encompasses learning from mistakes that happen along the way which in the end, helps your business to be more strategic and to get back on track. We asked entrepreneurs and business owners about the tough lessons they have learned in 2023, and here are some of those responses. #1-

Entrepreneur 125

Entrepreneur Agile Artificial Inteligence Operations 125

Steve Blank

JUNE 3, 2010

They start with an innovation, search for a repeatable business model, build the infrastructure for a company, then grow by efficiently executing the model. outpace an existing company’s business model. You want to start executing the business model. Companies have a fairly predictable life cycle.

Search 251

Search Agile Customer Development Technical Review 251

Steve Blank

JUNE 23, 2020

The pandemic has upended the business models of most startups and existing companies. Suppliers are going out of business or requiring cash-up-front terms. Revenue models and forecasts are no longer valid. In sum, whatever business model you had at the beginning of the year may be obsolete. Here’s how.

Customer 436

Customer Marketing Customer Development Lean 436

Startup Professionals Musings

JULY 20, 2022

You can’t ignore the key principles preached by every innovative entrepreneur: Build tomorrow’s opportunity rather than extend today’s. If your business today is healthcare, it may be time to look for opportunities in artificial intelligence (AI), robotics, and digital data management, rather than just more unhealthy customers.

Silicon Valley 367

Silicon Valley Artificial Inteligence Global Agile 367

Startup Lessons Learned

DECEMBER 14, 2017

LESSON #1: Equip your business with a portfolio map and a 21st century org chart. With industries from banking to transportation being transformed and, in some instances, undermined by new business models and technology, executives are smart to wonder, “Are we next?”

Lean 245

Lean Startup CTO Hire Cofounder 245

Steve Blank

APRIL 10, 2009

That’s why startups are agile. Startups that are agile have mastered one other trick – and that’s Tempo – the ability to make quick decisions consistently over extended periods of time. in Entrepreneur, VC, decision making. to see if they need to make a Pivot to find a better model.

Silicon Valley 309

Silicon Valley RSS Startup Agile 309

Steve Blank

JUNE 8, 2021

While all the teams used the Mission Model Canvas , (videos here ), Customer Development and Agile Engineering to build Minimal Viable Products, each of their journeys was unique. This was followed by an 8-minute slide presentation describing their customer discovery journey over the 10 weeks.

Lean 416

Lean Security Asia SBIR 416

Steve Blank

APRIL 21, 2011

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: . Yet like passionate entrepreneurs, the team ignored our advice and pressed on. (To Week 6 of the class. All that we expected.

Channel 234

Channel Artificial Inteligence San Francisco Business Model 234

Startup Professionals Musings

OCTOBER 17, 2022

Many have disappeared, and others have forgotten how to be agile and innovative. Yet, in my view, every early-stage entrepreneur should be exploring this new funding alternative before approaching VCs. It’s the right way to get money without giving up too much equity or control of your business.

Angel Investor 342

Angel Investor Silicon Valley Venture Capital Portfolio 342

Up and Running

DECEMBER 6, 2012

Lean Planning is a set of tools for discovering a business model that works, building an action plan to test your assumptions, creating financial models and a plan for a viable business, and tracking your performance so you can adjust your plan on the fly, quickly and easily. Do startups have a manual?

Lean 147

Lean Silicon Valley Forecast Technical Review 147

Steve Blank

MAY 18, 2020

We’re holding a series of 5-day online classes at Stanford where teams will learn how to develop new business models for an economy that’s getting back to work and on the road to recovery. The Covid-19 virus has upended traditional ways of doing business, travel, education, entertainment, healthcare, etc. Sign up at [link].

Lean 436

Lean Business Model Affiliate Incubator 436

Steve Blank

JUNE 10, 2010

Who is an entrepreneur really? It turns out that there are four distinct types of entrepreneurial organizations; s mall businesses , scalable startups , large companies and social entrepreneurs. Yet entrepreneurs in one class think that the others aren’t the “real” entrepreneurs. Scalable Startup Entrepreneurship.

Silicon Valley 332

Silicon Valley Entrepreneur United States New York City 332

Steve Blank

JUNE 26, 2015

In the last five years “ Lean Startup ” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. However in practice most companies treated the Three Horizons like they are simply incremental execution of the same business model.

Lean 120

Lean Management Business Model Incubator 120