Steve Blank

OCTOBER 30, 2012

The Lean LaunchPad Class. You may have read my previous posts about the Lean LaunchPad entrepreneurship class. And in the thirty days since we’ve put the Lean LaunchPad class online at Udacity – 50,000 students have been taking it. The cost of attending a Startup Weekend Next is ridiculously inexpensive.

Startup 335

Startup Lean Incubator Business Model 335

Steve Blank

JUNE 26, 2014

We’ve pivoted our Lean LaunchPad / I-Corps curriculum. — Over the last three years the Lean LaunchPad class has started to replace the last century’s “how to write a business plan” classes as the foundation for entrepreneurial education. . The Lean LaunchPad is now being taught in over 100 universities.

Intellectual Property 290

Intellectual Property Lean IP Open Source 290

Steve Blank

AUGUST 21, 2013

We’re going to test this hypothesis by teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of veteran venture capitalists. The teams that took the Lean Launchpad class – get ready for this – had a 60% success rate.

SBIR 321

SBIR Technical Review Lean Startup 321

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. Filed under: Customer Development , Lean LaunchPad , Teaching.

Lean 322

Lean Customer Development Sales Cycle Business Model 322

Startup Professionals Musings

SEPTEMBER 13, 2022

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

The Startup Magazine

JULY 26, 2021

With all that in mind, we can see how important it is to reduce costs to stay afloat. Here are a few cost-saving rules all manufacturers need to follow today: Adopt lean manufacturing. Lean Startup Feedback Loop from lean.st. Examine shipping costs. Invest in efficient technology. Reduce energy consumption.

Cost 158

Cost Technical Review Bankruptcy Lean 158

ReadWriteStart

JANUARY 23, 2023

Whatever the case, you’ll need to make some big sacrifices and strategic managerial decisions if you want this lean startup budget to work — and it’s definitely possible. One of the best ways to reduce your operating expenses is to reduce or eliminate office costs. But experience also comes with a cost.

Lean 158

Lean Technical Review Startup Acquisition 158

Steve Blank

SEPTEMBER 3, 2014

As he was learning from potential customers and providers he would ask, “What if we could have an app that allowed you to schedule low cost moves?” As the miles sped by I explained to Dave that he had understood only two of the three parts of what makes a Lean Startup successful. This was a great call.

Cofounder 336

Cofounder Founder Technical Cofounder Coder 336

Startup Professionals Musings

DECEMBER 6, 2019

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

DECEMBER 11, 2019

These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Let’s cut costs by outsourcing all from this point forward.” Some entrepreneurs get outsource-happy to save costs and begin outsourcing everything and anything that lands on their desks.

Entrepreneur 303

Entrepreneur Philippines Bandwidth Cofounder 303

Startup Professionals Musings

FEBRUARY 19, 2013

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

NOVEMBER 28, 2020

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The cost of social media done well is low. Just make sure you can fill in all the details.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Both Sides of the Table

SEPTEMBER 22, 2012

He also nails the reason why venture capital is still necessary to grow large businesses quickly in a world where the costs of running startups have fallen dramatically. “Lean” is great in the early days but if you discover an attractive market opportunity you need to get “fat” really quickly or somebody else will.

Silicon Valley 390

Silicon Valley Venture Capital Startup Technical Review 390

Startup Professionals Musings

JULY 14, 2014

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Steve Blank

FEBRUARY 6, 2014

The concepts in my Lean LaunchPad curriculum can be taught in a variety of classes–as an introduction to entrepreneurship all the way to a graduate level “ capstone class.”. Our Lean LaunchPad class requires student teams to get out of the building and talk to 10-15 customers a week while they’re building the product.

Lean 286

Lean Customer Development Business Model Email 286

Steve Blank

NOVEMBER 13, 2012

To celebrate the debut of the Japan edition of “The Startup Owner’s Manual” and to express great thanks to Steve and his co-author Bob Dorf, I would like to reflect back what first drew me to this book and offer Steve’s worldwide readers a look at the progress of Customer Development and the Lean LaunchPad class in Japan.

Japan 305

Japan Customer Development Developer Customer 305

Startup Professionals Musings

APRIL 4, 2022

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Startup Professionals Musings

NOVEMBER 17, 2014

I strongly recommend a dramatic departure from this model, called “planned iteration” or Lean Startup methodology, where you assume you won’t get it right the first time, so you launch with a minimum viable product (MVP). Since you can predict that your first iteration will somehow miss the mark, speed and cost of pivoting are critical.

Agile 253

Agile Startup Social Network Software Developers 253

Steve Blank

JUNE 26, 2015

—– Lean Innovation Management. 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. The result will be: a new, Lean version of the Three Horizons of Innovation. Here’s how.

Lean 120

Lean Management Business Model Incubator 120

Startup Professionals Musings

JUNE 30, 2019

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Steve Blank

SEPTEMBER 16, 2014

” She looked at bit puzzled, so I continued to explain… One of the virtues of using the Business Model Canvas as part of a Lean Startup is that it helps you frame each one of your nine critical hypotheses.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Both Sides of the Table

SEPTEMBER 28, 2014

So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. Gross margin (GM) is the amount of profit you make per sale of your product or service taking into account your total costs of selling that product or service. Startup Lessons'

Burn Rate 383

Burn Rate Balance Sheet .Net Valuation 383

VC Cafe

MARCH 31, 2025

Structure your company to minimize early expenses, focusing on covering co-founders’ living costs. Schedule investor meetings close together in time (within one week) to create buzz and a fear of missing out (FOMO). Having growth makes fundraising significantly easier.

Cofounder 88

Cofounder Silicon Valley Technical Review PR 88

Startup Professionals Musings

JULY 8, 2022

He found that the return was far greater than the cost of donated shoes, and his team became intensely loyal, due to the opportunity to travel and deliver shoes in other countries. Many of us have lost a loved one, or suffered personally, due to the ravages of cancer or another life-threatening disease.

Technical Review 357

Technical Review Green Social Media Lean 357

Startup Professionals Musings

SEPTEMBER 16, 2023

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. The cost of social media done well is low. Just make sure you can fill in all the details.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

Steve Blank

JULY 30, 2014

I’ve been spending some time with large companies that are interested in using Lean methods. Two methods, Design Thinking and Customer Development (the core of the Lean Startup) provide the tactical day-to-day process of how to turn ideas into products. .

Customer Development 335

Customer Development Design Developer Customer 335

Startup Professionals Musings

JANUARY 22, 2018

These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Let’s cut costs by outsourcing all from this point forward.” Some entrepreneurs get outsource-happy to save costs and begin outsourcing everything and anything that lands on their desks.

Philippines 181

Philippines Bandwidth Cofounder Affiliate 181

Both Sides of the Table

FEBRUARY 12, 2019

The reality is that as a result of two major trends the costs of starting a technology startup went down massively. Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. So What Impact Did the Drop in Tech Founding Costs Have on VC?

Venture Capital 328

Venture Capital Technical Review Seed Stage IPO 328

View from Seed

MARCH 11, 2020

But there is obviously a cost associated with each step of diligence, and this cost is multiplied across all the investors that are doing real work. There is also social capital at stake in certain parts of the process that creates real cost as well. Thoughtful investors should know this and be respectful of that cost.

Technical Review 279

Technical Review Due Diligence Term Sheet Seed Stage 279

ConversionXL

NOVEMBER 10, 2021

Use content advertising to fight rising costs. Here’s Proquo’s lead generation landing page: By doing this, they’re able to progress prospects through the funnel more quickly, reducing cost per acquisition. They’ve also leaned on short, benefit-driven copy. Grab attention. Build trust. Offer value.

Advertising 131

Advertising Cost Customer PR 131

Steve Blank

SEPTEMBER 14, 2017

They accomplished their goal, but at a huge, unanticipated cost: the processes and committees they designed ended up strangling innovation. A canonical Lean Innovation process inside a company or government agency would look something like this: Curation. There’s a much better way. As the head of the U.S. Lessons Learned.

Incubator 319

Incubator Curation Engineer Government 319

YoungUpstarts

AUGUST 31, 2019

Start Lean. As tempting as it can be to do everything at once, be patient and start lean. . Building a lean business with lean products ensures you don’t pigeon-hole yourself into a situation where you’re unable to back your way out. The concept of risk is interesting, to say the least. In this regard, it’s a good thing.

Burn Rate 176

Burn Rate Startup Lean Early Stage 176

Steve Blank

MAY 6, 2015

I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out of the building to see if they work.”. It’s time to update Build, Measure, Learn to what we now know is the best way to build Lean startups. Here’s how. Build-Measure-Learn.

Lean 120

Lean Agile Business Model Customer Development 120

Steve Blank

MARCH 2, 2013

While the Lean LaunchPad class has been adopted by Universities and the National Science Foundation , the question we get is, “Can students in K-12 handle an experiential entrepreneurship class?” They both attended our latest Lean LaunchPad Educators Class. Summary for the Lean LaunchPad in K-12 Education.

Lean 312

Lean SCRUM Ohio Cleveland 312

Steve Blank

AUGUST 5, 2013

It’s been fun watching a 20th Century entrepreneur learn new tricks as he builds his next startup, FindTheBest using Lean Methodology. Lean Start-up Connection: Business Model Canvas. By leaning on our technology, we knew we could build cheaply, we just didn’t know how cheaply. Here’s Kevin’s story to date.

Lean 302

Lean Agile Customer Development SEO 302

Up and Running

OCTOBER 13, 2022

That often involves working long hours and keeping your costs lean. If you’re in startup mode and have limited working capital to cover your operating expenses , you may be bootstrapping your way through the early days. But there comes a time when bringing on executive leadership is the reasonable and right next step.

CTO Hire 163

CTO Hire Fractional CTO CTO Hiring 163

Both Sides of the Table

FEBRUARY 27, 2019

Very few people turn up with a strong sense of “what we should be doing” or ready to lean into a productive conversation The financials were prepared by the VP of Finance / CFO. In town board members also only scan it because they, too, have morning meetings before the board meeting starts.

Stock Options 226

Stock Options Metrics Stock Valuation 226