Steve Blank

APRIL 14, 2013

The motivations are the same – profit – driven by entrepreneurs and venture finance. Filed under: China , Customer Development , Technology , Venture Capital. China Customer Development Technology Venture Capital' It usually doesn’t end well.

China 328

China Silicon Valley Non-Compete Intellectual Property 328

Steve Blank

DECEMBER 7, 2009

Customer Development We were starting Epiphany, my last company. 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. This time it was serious. Good stuff too.

Silicon Valley 261

Silicon Valley Non-disclosure Agreement NDA Startup 261

David Teten

APRIL 1, 2021

Almost every private equity and venture capital investor now advertises that they have a platform to support their portfolio companies. As an agenda for each meeting, I suggest: – How can we most add value, in addition to helping with financing? Customer Development. – What are your fundraising goals?

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Steve Blank

APRIL 14, 2013

The motivations are the same – profit – driven by entrepreneurs and venture finance. Filed under: China , Customer Development , Technology , Venture Capital. China Customer Development Technology Venture Capital' It usually doesn’t end well.

China 220

China Silicon Valley Non-Compete Intellectual Property 220

ReadWriteStart

OCTOBER 13, 2011

Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "Customer Development" methodology detailed in his book, "The Four Steps to the Epiphany." 9-to-5 Venture Capital. Yet Tekes does that and is trying to act like a government-run Venture Capital firm.

Finland 158

Finland Venture Capital Government Russia 158

Steve Blank

APRIL 12, 2013

This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. 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.

Venture Capital 279

Venture Capital China Offshore SBIR 279

SoCal CTO

DECEMBER 1, 2010

Storm Clouds - A VC : Venture Capital and Technology , November 12, 2010 We have enjoyed an amazing run in the web startup and investing space over the past five or six years. Competing To Win Deals - A VC : Venture Capital and Technology , November 7, 2010 The venture capital business is highly competitive.

Technical Review 175

Technical Review Technology Product CTO Hire 175

SoCal CTO

SEPTEMBER 8, 2010

How To Pitch A Product - A VC : Venture Capital and Technology , August 4, 2010 I've said a bunch of times on this blog that the perfect pitch is a very short intro to provide context followed immediately by a demo. Paul Graham kicked it off by noting that all the financings in the recent YC batch were converts. Final Thought.

Startup 191

Startup CTO Hire Cofounder Venture Capital 191

Steve Blank

MAY 18, 2009

Founding a company is a sheer act of will and tenacity in the face of immense skepticism from everyone – investors, customers, friends, etc. You literally have to take your vision of the opportunity and against all rational odds assemble financing, and a team to help you execute. And that’s just to get started.

Founder 312

Founder Silicon Valley RSS China 312

View from Seed

OCTOBER 24, 2019

Pre-seed investing should be super simple, so any signs of pro-rata rights, tranched financings, charging the company for value-added services, etc. As an inexperienced founder, you are very likely to take at least two rounds of financing before a series A, so the round to try to skip is any sort of second seed. should be avoided.

Dilution 149

Dilution B2B Burn Rate Early Stage 149

Both Sides of the Table

MARCH 11, 2011

He wanted to build direct customer relationships to get product feedback but only 2% of customers would ever return their registration cards. So when he saw the browser it instantly dawned on him that this would be the greatest customer development tool ever. domain from the tiny island of Tuvalu.

Product 350

Product Tuvalu Dilution Incubator 350

Steve Blank

NOVEMBER 23, 2009

The Times Square Strategy discussion I had with Eric Ries , was still top of mind, so instead of my standard Customer Development lecture , I offered my thoughts on: the origin of Customer Development, where we are today, and where does Customer Development go, and how you can help get it there.

Customer Development 229

Customer Development Developer Silicon Valley Customer 229

Steve Blank

MAY 28, 2009

But then, because there might be entrenched competitors and your concept is radically new, you still need to invest in the customer development process to learn how to get design wins from companies who may be happy with their existing vendors. How would that change my company strategy?

Vertical 167

Vertical Silicon Valley Marketing Customer 167

Steve Blank

APRIL 12, 2013

This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. 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.

Venture Capital 171

Venture Capital China Offshore SBIR 171

Steve Blank

SEPTEMBER 10, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. As a result, the standard product development model is not only useless, it is dangerous.

Customer Development 222

Customer Development Developer Customer Silicon Valley 222

Steve Blank

JULY 13, 2009

Which at this stage of the company was marketing and financing. Not being able to hear negative customer input is an extremely bad idea. Out of the Ashes A few of the key tenets of Customer Development , came from the ashes. The story had universal appeal, and we spun the tale and keep the buzz going.

Silicon Valley 122

Silicon Valley Product RSS California 122

Steve Blank

JULY 27, 2009

Entrepreneurs are fearless, persistent and uninhibited about asking – whether it’s asking to assemble a team, get financing, sell customers, etc. I’ve built my company using the Customer Development Model from Day One. or whatever is necessary to build a company.

Silicon Valley 120

Silicon Valley RSS Technical Review California 120

Steve Blank

APRIL 10, 2013

China has embraced state capitalism in a way Wall Street can only dream about. Startups, Venture Capital and the Communist Party: how did this happen in China? But before startups could happen, China’s basic science, technology and finance infrastructure and ecosystem needed to be built. Like the U.S.

China 322

China Taiwan Silicon Valley Guam 322

Steve Blank

JULY 15, 2010

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Here’s why.

Venture Capital 306

Venture Capital IPO Liquidity Event Entrepreneur 306

Steve Blank

JANUARY 4, 2010

Lets take venture capital and grow this thing into a real business.”. Typically the size of their opportunity and company doesn’t lend itself to attracting venture capital. They grow their business via profits or traditional bank financing. The question was: what did the founders want to do? The Scalable Startup.

Hockey Stick 303

Hockey Stick Venture Capital Startup Cofounder 303

Up and Running

MAY 18, 2016

You’ll learn more about what destroys startups, how to use the Customer Development method to succeed, how to use the Business Model Canvas, how to identify and keep your customers, and how to drive profits. Lean Customer Development: Building Products Your Customers Will Buy. B y Cindy Alvarez.

Startup 80

Startup Venture Capital Angel Investor Lean 80

Steve Blank

JULY 1, 2014

a language corporate innovation groups can use to communicate to business units and finance. I use the Investment Readiness Level as part of my sessions to help the students understand that being ready for investment means that besides having a pretty PowerPoint, they need to do real work and show Customer Development progress.

Sacramento 314

Sacramento Framework Lean Customer Development 314

Steve Blank

JULY 25, 2011

While this signaled that investments in technology companies could be very lucrative, both Shockley and Fairchild could only be funded through corporate partners – there was no venture capital industry. government backed venture firms and limited partnerships. A wave of innovation was about to meet a pile of risk capital.

Engineer 313

Engineer Silicon Valley United States Venture Capital 313

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. China has the biggest Venture Capital industry outside the U.S. Entrepreneurship in Beijing.

Silicon Valley 275

Silicon Valley China Venture Capital Merger 275

Steve Blank

AUGUST 20, 2013

Recently, the financing of innovation in medical devices has collapsed even further with most Class III devices simply unfundable. Venture Capital Issues. Early stage Venture Capital for medical device startups has dried up. The amount of capital being invested in new device companies is at an 11 year low.

Startup 303

Startup Venture Capital Lean IPO 303

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

They have many, many man-years of development and customer development in them. You have your general management meeting and in your general management meeting you talk about product development, about marketing and about finance. I’m instantly out because those companies are horrible for venture capital.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Silicon Valley, New York). Here’s how. Because We’ve Always Done It This Way. The Wrong Metrics.

Silicon Valley 300

Silicon Valley Business Model Venture Capital Balance Sheet 300

Steve Blank

APRIL 10, 2013

China has embraced state capitalism in a way Wall Street can only dream about. Startups, Venture Capital and the Communist Party: how did this happen in China? But before startups could happen, China’s basic science, technology and finance infrastructure and ecosystem needed to be built. Like the U.S.

China 214

China Taiwan Silicon Valley Guam 214

YoungUpstarts

JANUARY 14, 2013

“The results of programs like 500 Startups, Techstars, and Y-Combinator are well known, but due to the culture here in Europe there’s still a lot of unknowns in terms of the track record for follow on funding and results of accelerator programs based in Europe,” says Don Ritzen, co-founder and CEO of Rockstart Accelerator.

Silicon Valley 231

Silicon Valley Europe Venture Capital Incubator 231

Steve Blank

NOVEMBER 7, 2013

in developing these new models. We believe that using the customer development process to monetize these assets through new business models can create huge competitive advantage and more speed to market for us and other big companies. Filed under: Big Companies versus Startups: Durant versus Sloan , Customer Development.

Lean 331

Lean Nepal Cofounder Customer Development 331

Steve Blank

JUNE 15, 2010

Do they “get&# Customer Development ? They understand that now’s not the time to hire a senior VP of Sales to start to scale the sales force or to look for a finance department to create income statements that say zero each month. Do They Get Customer Development? Have they heard about Customer Development ?

Founder 232

Founder Vesting Later Stage Early Stage 232

Steve Blank

JUNE 1, 2011

The combination of Venture Capital and technology startups is only about 50 years old. Rather than invent a new form of corporate governance, venture investors adopted the traditional board meeting structure from large corporations. Silicon Valley, New York). Here’s how. Because We’ve Always Done It This Way. The Wrong Metrics.

Silicon Valley 273

Silicon Valley Business Model Venture Capital Balance Sheet 273

Steve Blank

AUGUST 31, 2009

So what’s wrong the product development model? The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.)

Customer Development 245

Customer Development Developer Customer Silicon Valley 245

Up and Running

MAY 23, 2016

Ryan Chan, founder at UpKeep said, “We created an LLC at first, but after realizing that we wanted to take on venture capital, we decided to move to a Delaware C corp.”. venture capital. Step 5: Get financed. Seek out venture capital funding. or even be a U.S. or even be a U.S. Establishing a U.S.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

DECEMBER 7, 2010

We’ll build the class around the business model / customer development / agile development solution stack. Instead you will be getting your hands dirty talking to customers, partners, competitors, as you encounter the chaos and uncertainty of how a startup actually works. What are the 9 parts of a business model?

Wiki 318

Wiki Lean Management Business Model 318

Steve Blank

JUNE 23, 2016

Second, the leaders of these companies tended to be those who excelled at finance, supply chain or production. For the first 75 years of the 20 th century, when capital for new ventures was scarce, the smartest engineering talent went to corporate R&D labs. Filed under: Corporate Innovation , Customer Development.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

MARCH 22, 2009

Steve my name is Donald xx, and I’m the head of external affairs of the CIA’s venture capital firm and we’d like you to keynote our conference.” And you’d like me to do my talk on Customer Development and startups?” “No, we’re the other CIA.” We witness similar behavior in corporate finance.

Silicon Valley 270

Silicon Valley Thailand RSS Venture Capital 270