Steve Blank

OCTOBER 10, 2011

Startup incubators, business angels and VCs are starting to emerge. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. They’ve gotten off to a good start with a start around Aalto University with passionate students. Finnish culture makes risk-taking and sharing hard.

Finland 332

Finland Naming Russia Government 332

Steve Blank

OCTOBER 7, 2011

I suggested that they might want to consider putting themselves out of the public funding business by using public capital to kick-start private venture capital firms, incubators and accelerators. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Technology , Venture Capital.

Finland 329

Finland Venture Capital Government Russia 329

Steve Blank

SEPTEMBER 14, 2017

It didn’t help that “innovation” was the new hot-button buzzword from senior leadership, and incubators were sprouting in every division of their company, it just made their job more unmanageable. The ideas that pass through the prioritization filter enter an I-Corps incubation process. Incubation. Lessons Learned.

Incubator 319

Incubator Curation Engineer Government 319

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. The first class was an introduction to the concepts of business model design and customer development. The Adventure Begins.

Lean 307

Lean Business Model Customer Development Guinea 307

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. I think this makes no sense.

Product 350

Product Tuvalu Dilution Incubator 350

Steve Blank

MAY 19, 2021

They then incubated and delivered a solution that will help get large vessels back to sea faster, potentially saving the Navy $20M-$30M a year. A Navy team recently sourced 80 problems, then curated down to one priority problem to solve. In less than 60 days they created 26 MVPs while interviewing over two dozen companies.

Curation 353

Curation Technical Review Lean Australia 353

Startup Lessons Learned

DECEMBER 1, 2014

Bill Gross founded Idealab in 1996, making it the longest-running technology incubator alive today. Bob Sutton is a Stanford professor and the author of several best-selling books on standout management, including Scaling Up Excellence , an investigation of high-growth companies.

Lean 165

Lean Fractional CTO Part-Time VPE Fractional VPE 165

Steve Blank

JUNE 26, 2015

To move innovation faster, we now have 21 st century tools — Business Model Canvas , Customer Development , Agile Engineering – all adding up to a Lean Startup. Here the company is essentially incubating a startup. Fast forward to today. We can adapt these startup tools for use inside the corporation.

Lean 120

Lean Management Business Model Incubator 120

Steve Blank

SEPTEMBER 1, 2021

These tools—Customer Development, Agile Engineering, and Business Model design—became the lean start-up methodology , a rigorous approach to testing hypotheses and building prototypes, and, on the basis of data and evidence, adjusting or pivoting to a variant of the original hypothesis.

Incubator 419

Incubator Lean Agile Business Model 419

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." Blank teaches entrepreneurship at Stanford University and UC Berkeley and blogs at steveblank.com.

Finland 158

Finland Venture Capital Government Russia 158

Steve Blank

NOVEMBER 25, 2013

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. We now have the tools, technology and data to take incubators and accelerators to the next level. We think we can do better.

Oakland 330

Oakland Incubator Lean Metrics 330

Steve Blank

MAY 30, 2016

If you’ve been reading along so far, you know that this class is not an extended hackathon nor is it a 10-week long incubator. Second: I also gave the commencement speech at the NYU engineering school here. The Left side of the Canvas. It’s a ton of work.

Silicon Valley 120

Silicon Valley San Diego Technical Review Incubator 120

Feld Thoughts

OCTOBER 4, 2013

We learned how to do customer development, conduct empathy interviews, and build a real MVP (not just an alpha version). Accelerators and incubators can offer this, but they require you to have your business already in motion and are difficult to get into.

Startup 131

Startup Vesting Cofounder Lean 131

David Teten

MARCH 28, 2012

The company teams they work with are usually highly motivated entrepreneurs trying to engage in extensive product and customer development efforts for a product they don’t typically have a full vision of, for a customer whose needs are opaque, and for a use case which is ambiguous. Entrepreneurs please click here.

Portfolio 144

Portfolio Private Equity Venture Capital Early Stage 144

Steve Blank

MARCH 11, 2016

To be honest I built the class out of frustration watching schools teach aspiring entrepreneurs that all they need to know is how to write a business plan or how to sit in an incubator building a product. entrepreneurship is experiential and requires theory and a ton of practice. Every week the teams present their results.

Lean 120

Lean Incubator Business Model Channel 120

Steve Blank

JUNE 6, 2016

they often confuse the vehicles to innovation –a venture fund, or an incubator or something else — with actual innovation. Filed under: Customer Development. Entrepreneurship stretches from Main Street to Silicon Valley, from startups to big companies.

Silicon Valley 120

Silicon Valley Entrepreneur Fractional CTO Analytics 120

Steve Blank

JULY 1, 2014

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. data that investors, accelerators and incubators can use to inform selection. Investment Readiness Level is Prescriptive.

Sacramento 314

Sacramento Framework Lean Customer Development 314

Steve Blank

JUNE 5, 2018

Is your organization full of Hackathons, Shark Tanks, Incubators and other innovation programs, but none have changed the trajectory of your company/agency? Some examples of innovation tools are Customer Development, Design Thinking, User-Centric Design, Business Model Canvas, Storytelling, etc.

Programming 326

Programming Incubator Leadership Silicon Valley 326

Steve Blank

JUNE 11, 2012

The NSF I-Corps Lean LaunchPad class has different goals then the same class taught in a university or incubator. In an incubator, the Lean LaunchPad develops angel or venture-funded startups. 2) Get the teams out of the building to test their hypotheses with prospective customers. Teaching Objectives. Lessons Learned.

Lean 260

Lean Incubator Business Model Georgia 260

Steve Blank

JUNE 18, 2013

I read a ton of existing literature and came up with a formal methodology for search I called Customer Development. Berkeley asked me to teach a class in Customer Development at Haas business school. We’ll also offer a version for incubators and accelerators in New York, September 22-24 th. In 2003 U.C.

Lean 295

Lean Agile Customer Development Business Model 295

Steve Blank

JANUARY 22, 2013

Lean LaunchPad Colombia starts again today in Bogota with 25 more teams of tech entrepreneurs and at 25 mentors from the country’s universities, incubators, and chambers of commerce. Second, technology education is more skill-based, graduating lots of smart coders and IT managers, but not a lot of true development visionaries.

Colombia 327

Colombia Lean Silicon Valley Coder 327

Steve Blank

JULY 29, 2013

Most startups that fail over team issues fail because co-founders hadn’t dated first, (spent time together in a Startup Weekend , worked together in an incubator , etc.) Filed under: Customer Development , Family/Career/Culture. Customer Development Family/Career/Culture' Everyone has ideas.

Cofounder 335

Cofounder Advisory Board Customer Development Leadership 335

Steve Blank

OCTOBER 3, 2014

The Customer Development process, this relentless drive to turn hypotheses into facts is what makes this learning so rapid. Most importantly they found a customer who taught them while weeding carrots was nice, thinning lettuce was where the money was. When I teach in universities I’m not running an incubator.

Lean 280

Lean Silicon Valley Customer Development Incubator 280

Steve Blank

OCTOBER 29, 2015

He left EA in 2009 to start Vaporware Labs, a product incubator that mostly failed, but also created products including Commonred, which was acquired by Income.com in 2012. Filed under: Customer Development , SiriusXM Radio Show. His first startup, built soon after the birth of his son, was advertising on trucks.

Las Vegas 120

Las Vegas Entrepreneur Cofounder Nevada 120

Steve Blank

APRIL 7, 2011

Incubators : toured the TechArb , the engineering student accelerator, and the Michigan Venture Center in the University’s Tech Transfer Office. Everyone I met in this program “gets” the principles of Agile, Lean and Customer Development big time. Venture Capital ; met with the local hardware/software venture capital firm.

Michigan 315

Michigan Silicon Valley Venture Capital Incubator 315

Steve Blank

NOVEMBER 7, 2013

Almost every large organization has some kind of incubator or accelerator program. 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.

Lean 331

Lean Nepal Cofounder Customer Development 331

Steve Blank

MAY 18, 2020

Next, you’ll use customer development to virtually get out of the classroom and talk to 10-15 customers/ partners each day to validate whether your assumptions are correct, and to see whether anyone other than you would want/use your product or service. Signup at the website at [link]. Summer Startup Accelerators.

Lean 335

Lean Business Model Affiliate Incubator 335

Steve Blank

JANUARY 22, 2013

Lean LaunchPad Colombia starts again today in Bogota with 25 more teams of tech entrepreneurs and at 25 mentors from the country’s universities, incubators, and chambers of commerce. Second, technology education is more skill-based, graduating lots of smart coders and IT managers, but not a lot of true development visionaries.

Colombia 292

Colombia Lean Silicon Valley Coder 292

Steve Blank

APRIL 12, 2013

Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. These local governments financially supported the startups because, by locating in these zones, the new ventures were seen as contributing to local economic development. China Customer Development Technology Venture Capital'

Venture Capital 279

Venture Capital China Offshore SBIR 279

Steve Blank

DECEMBER 14, 2012

The class was designed to teach educators (and the entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. Align and train mentors to embrace customer development. and I had to pull them back when we met in class.

Developer 308

Developer Arizona Lean Business Model 308

YoungUpstarts

JANUARY 14, 2013

It recently announced the results of its incubator program – and the results look promising. Amsterdam-based startup accelerator Rockstart last year launched a program to find and support ten teams of startup founders in Europe.

Silicon Valley 231

Silicon Valley Europe Venture Capital Incubator 231

Steve Blank

AUGUST 25, 2021

Successful organizations recognize that innovation isn’t a single activity (incubators, accelerators, hackathons); it is a strategically organized end-to-end process from idea to deployment. Instead of mangers of process you need innovation leaders who shepherd ideas through an innovation pipeline. see this HBR article.)

Non-Compete 436

Non-Compete Government Incubator Design 436

Steve Blank

MARCH 4, 2014

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. existing enterprises are establishing corporate innovation groups.

IRR 335

IRR Startup Business Model Agile 335

Steve Blank

AUGUST 5, 2010

YCombinator, Techstars, et al, have been described as incubators but in reality they are the new “Lean Angels.” The difference is that unlike Lean VC’s, these angels help their startups rapidly develop the product, but typically don’t add much help in developing the market/customers. Lean Angels.

Lean 265

Lean Internet Silicon Valley Venture Capital 265

Steve Blank

OCTOBER 26, 2013

It’s curriculum is built on a framework of business model design, customer development and agile engineering – and its emphasis on evidence, Lessons Learned versus demos, makes it the worlds most advanced accelerator. It’s success is measured not only by the technologies that leave the labs, but how many U.S.

Lean 270

Lean Washington Incubator Agile 270

Steve Blank

JULY 13, 2021

A decade later, I began to teach the foundations of Lean, first at UC Berkeley (Customer Development) and then at Stanford using cases and business plans. Lean-driven (hypothesis testing/business model/customer development/agile engineering). Let’s Teach Lean Via Experiential Learning. experiential.

Lean 436

Lean Agile Business Model Business Plan 436

Steve Blank

MARCH 7, 2012

Yet this isn’t an incubator. We trying to teach students a methodology that combines customer development, agile development, business models and pivots. Filed under: Business Model versus Business Plan , Customer Development , Lean LaunchPad , Teaching. We’ll post their slides in part 2.

Lean 263

Lean Business Model Agile United States 263