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. If you’ve been reading my book on Customer Development and follow my work on Market Type , this type of innovation is best for adding new products to existing markets.

Search 251

Search Agile Customer Development Technical Review 251

Steve Blank

SEPTEMBER 22, 2011

As part of our Lean LaunchPad classes at Stanford, Berkeley, Columbia and for the National Science Foundation, students build a startup in 8 weeks using Business Model Design + Customer Development. Set up the Lean LaunchLab or a WordPress blog to document your Customer Development progress. Size the market opportunity.

Lean 334

Lean Web Coder Business Model 334

Steve Blank

APRIL 12, 2010

Startups are the search to find order in chaos. Each sale requires us to handhold the customer and takes way too long to close. The Search for the Business Model. A startup is an organization formed to search for a repeatable and scalable business model. Steve Blank. Our current plan isn’t working.

Business Model 335

Business Model Agile Customer Development Startup 335

Steve Blank

APRIL 16, 2013

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. ” It defined a startup as a “temporary organization designed to search for a repeatable and scalable business model.”

Technical Review 331

Technical Review Lean Venture Capital Customer Development 331

Steve Blank

SEPTEMBER 5, 2013

We think teaching teams a formal methodology around the Lean Framework (Business Model design, Customer Development and Agile Engineering) is a natural evolution of how successful incubators/accelerators will build startups. Technology in search of a market. The next customer segment we tried was startup founders.

Lean 322

Lean Customer Development Sales Cycle Business Model 322

Steve Blank

MARCH 4, 2010

One of the principles of Customer Development is to get out of the building and understand the smallest feature-set customers will pay for in the first release.). Usually the cry is for more features, typically based on “Here’s what I heard from the last customer I visited.”. Steve, you’re wrong.

Customer Development 313

Customer Development Business Model Developer Search 313

Steve Blank

NOVEMBER 2, 2009

For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of Customer Development , Agile Development and if available, open platforms and open source. The Customer Development process (and the Lean Startup) is one way to do that.

Lean 263

Lean Silicon Valley Startup RSS 263

Steve Blank

MAY 17, 2010

Most startups are facing unknown customer needs, an unknown product feature set and is an organization formed to search for a repeatable and scalable business model. That means that writing a static business plan adds no value to starting a company, as the plan does not represent the iterative nature of the search for the model.

Business Plan 320

Business Plan Business Model Customer Development Deal Flow 320

Steve Blank

JANUARY 27, 2011

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. (Or Or more accurately, startups are a temporary organization designed to search for a scalable and repeatable business model.)

Business Model 285

Business Model Utah Intellectual Property Agile 285

Steve Blank

APRIL 16, 2013

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. ” It defined a startup as a “temporary organization designed to search for a repeatable and scalable business model.”

Technical Review 223

Technical Review Lean Venture Capital Customer Development 223

Steve Blank

MARCH 31, 2011

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. Filed under: Big Companies versus Startups: Durant versus Sloan , Customer Development , Family/Career.

Agile 334

Agile Customer Development Early Stage Business Model 334

Steve Blank

SEPTEMBER 5, 2018

As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search. Yet while we had plenty of language and tools for execution, we had none for search. The result?

Lean 335

Lean Burn Rate Startup IPO 335

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. “Customer Development” to test the hypotheses outside the building and. We’ve pivoted our Lean LaunchPad / I-Corps curriculum.

Intellectual Property 290

Intellectual Property Lean IP Open Source 290

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

Steve Blank

APRIL 10, 2009

Customer Development ) to help you quickly recognize and reverse any incorrect decisions. Customer Development) to help you quickly recognize and reverse any incorrect decisions.&# The search for a profitable and scalable business model might require a startup [.] That’s why startups are agile. Order Here.

Silicon Valley 309

Silicon Valley RSS Startup Agile 309

Steve Blank

DECEMBER 13, 2010

Here’s the course announcement from Professor Vergara (in English): Customer Development Course in Chile – Lean Launchpad. The objective of this course is that groups of students finish with a completed software product that has real customers and an identified market. We look forward to your comments and suggestions!

Chile 241

Chile Silicon Valley Lean Agile 241

Steve Blank

JANUARY 28, 2013

Thus began our search for a program that would properly balance the focus on the present with the need to increase our options for the future. In 2006 we searched outside of Qualcomm for other similar entrepreneurship programs where participants also had to balance other obligations. Qualcomm Innovation Process.

Programming 301

Programming Design Lean Seed Money 301

Steve Blank

JANUARY 28, 2013

Thus began our search for a program that would properly balance the focus on the present with the need to increase our options for the future. In 2006 we searched outside of Qualcomm for other similar entrepreneurship programs where participants also had to balance other obligations. Qualcomm Innovation Process.

Programming 293

Programming Design Lean Seed Money 293

Steve Blank

MARCH 29, 2012

When Bob Dorf and I wrote the Startup Owners Manual we listed a series of Customer Development principles. I thought they might be worth enumerating here: A Startup Is a Temporary Organization Designed to Search. Pair Customer Development with Agile Development. Preserve Cash While Searching.

Customer Development 331

Customer Development Developer Customer Cofounder 331

Steve Blank

MARCH 2, 2011

Working with him, I’ve been impressed to watch his small team embrace Customer Development (and Business Model Generation ) and search the world for the right product/market fit. They’ve tested their hypotheses with literally hundreds of customer interviews on every continent in the world. Corporate elephants can dance.

Silicon Valley 239

Silicon Valley Agile Customer Development Early Stage 239

Steve Blank

AUGUST 13, 2009

Customer Development/Lean Startups In hindsight startups and the venture capital community left out the most important first step any startup ought to be doing – hypothesis testing in front of customers- from day one. It’s what my textbook on Customer Development describes. I was an idiot. Berkeley and at Stanford.

Silicon Valley 208

Silicon Valley RSS Technical Review Lean 208

Steve Blank

MARCH 5, 2012

One of the confusing things to entrepreneurs, investors and educators is the relationship between customer development and business model design and business planning and execution. When does a new venture focus on customer development and business models ? Search Versus Execution.

Search 326

Search Business Model Customer Development Agile 326

Steve Blank

DECEMBER 9, 2013

It was a lifelong lesson that taught me to never start a business where you hate your customers. You don’t want to do Customer Development with them. So you and your team need to feel comfortable being in this business with these customers. It never goes well. You don’t want to talk to them.

Cofounder 330

Cofounder Technical Cofounder Liquidity Event Lean 330

Both Sides of the Table

MARCH 11, 2011

He invented the category of sponsored search. He created GoTo.com (later renamed Overture) out of a frustration with search. At the time when you did a search on Lycos, Alta Vista or similar for a category such as Cars you ended up getting 9 spam results and 1 proper website to meet your needs. Overture (Goto.com).

Product 350

Product Tuvalu Dilution Incubator 350

Steve Blank

SEPTEMBER 23, 2010

In fact, the most likely customers, computer designers were openly hostile as they saw integrated circuits doing what they were supposed to be doing – designing circuits. So selling integrated circuits meant a search for a business model. Filed under: Customer Development , Secret History of Silicon Valley.

Silicon Valley 244

Silicon Valley Technical Review Spain Engineer 244

Steve Blank

DECEMBER 10, 2014

We didn’t know it at the time, but with that investment we had paid for front-row VIP seats to witness the origins of Customer Development and the Lean Startup. Twenty years and 100,000’s of copies of those books later, my life has fortuitously intersected with Steve Blank once again now that we’ve both become educators.

Maryland 280

Maryland Lean DC Virginia 280

Steve Blank

APRIL 14, 2013

For the last 10 years China essentially closed its search, media and social network software market to foreign companies with the result that Google, Facebook, Twitter, YouTube, Dropbox, and 30,000 other websites were not accessible from China. Filed under: China , Customer Development , Technology , Venture Capital.

China 328

China Silicon Valley Non-Compete Intellectual Property 328

Both Sides of the Table

APRIL 15, 2010

It was the first company to do “paid search&# back when Larry & Sergey were saying they would never do it. They want to monetize the Twitter stream via contextual search matching. But Twitter.com (which will likely improve dramatically on UI, I’m guessing) will be the main event for Twitter search.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

Steve Blank

AUGUST 17, 2012

It took weeks or months for Sales to get financial, sales results and customer reports from IT. Filed under: Customer Development , E.piphany , Marketing. Understanding the saboteurs in a complex sale is as important as understanding the recommenders and influencers.

Forecast 299

Forecast Sales Matching Customer Development 299

Steve Blank

JULY 16, 2009

The Search for the Black Swan What keeps founders and their investors going is the the dream/belief that your startup will be the Black Swan – a company that breaks all the obvious rules, ignores tradition and does something unique and spectacular and with a result that is unpredicted and financial returns that are breathtaking.

Silicon Valley 223

Silicon Valley RSS Video San Diego 223

Steve Blank

AUGUST 18, 2010

Here’s his story of when Customer Development failed. We were lucky to learn about Customer Development early on in the life of our startup. We bought Steve’s book , started product development and began reaching out to customers ins search of our first earlyvangelists. Lessons Learned.

Customer Development 231

Customer Development Developer Customer California 231

Steve Blank

JUNE 11, 2009

However, you will be dealing with almost daily change, (new customer feedback/insights from a Customer Development process and technical roadblocks ,) as the company searches for a repeatable and scalable business model. This means you still need to have a resilient personality, and be agile.

Cofounder 230

Cofounder Founder Silicon Valley Technical Cofounder 230

Steve Blank

APRIL 29, 2010

I’ve been teaching Customer Development at U.C. Berkeley was brave enough to let me write and teach a class on a subject that no one had ever heard of – Customer Development. Customer Development was a process to quickly search for a profitable business model when customer needs (features, pricing, channel, etc.)

Customer Development 245

Customer Development Lean Developer Customer 245

Both Sides of the Table

NOVEMBER 1, 2009

I know that this all seems obvious now with the movements started by Steven Blank ( Four Steps of Epiphany ) with the whole Customer Development processes / Lean Startup movements also popularized by people like Eric Ries. Yet he still personally travels in his customers’ neighborhoods in search of deeper customer insights.

Customer 280

Customer Technical Review Software Review Mexico 280

The Startup Magazine

JUNE 24, 2022

You should also consider running social media ads, as they can be very effective in reaching out to potential customers. Develop a Strong Online Presence. Another important aspect of promoting your startup is developing a strong online presence. This means having a website that is well-designed and easy to navigate.

Social Media 157

Social Media Startup Audience Web Development 157

Steve Blank

APRIL 4, 2011

The web-based teams needed to have their site up and running and be driving demand to the site with real Search Engine Optimization and Marketing tests. Filed under: Business Model versus Business Plan , Customer Development , Lean LaunchPad , Teaching. Next week, each team tests its demand creation hypotheses.

Customer 241

Customer Business Model Nebraska Cloud 241

Steve Blank

MAY 6, 2015

They are: value proposition, product/service the company offers (along with its benefits to customers). customer segments, such as users and payers or moms or teens. distribution channels to reach customers and offer them the value proposition. customer relationships to create demand. Testing Hypotheses.

Lean 120

Lean Agile Business Model Customer Development 120