Remove Customer Remove Customer Development Remove Russia
article thumbnail

Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

Finland itself has significant engineering talent, and is also attracting entrepreneurs from Russia and the former USSR. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Venture Capital. The country needs to figure out a long term privatization strategy for Venture investing.

Finland 332
article thumbnail

The Helsinki Spring

Steve Blank

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. Filed under: Business Model versus Business Plan , Customer Development , Teaching , Technology , Venture Capital.

Finland 329
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Founders and dysfunctional families « Steve Blank

Steve Blank

Founding a company is a sheer act of will and tenacity in the face of immense skepticism from everyone – investors, customers, friends, etc. Next, you have to deal with the daily crisis of product development and acquiring early customers. And that’s just to get started. Let me know what you think.

Founder 312
article thumbnail

The Helsinki Spring

ReadWriteStart

I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. 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."

Finland 158
article thumbnail

Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

Traction and evidence from customers were what investors were looking for – even in “slow” sectors like healthcare and energy. It taught lean theory ( business model design , customer development and agile engineering) and practice. We use Customer Development and the Lean LaunchPad to train and accelerate teams U.C.

article thumbnail

No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

First, the company bought a fleet of 15 rockets from Russia, the U.S. When it was spun out as a a separate company, Iridium’s 1990 business plan had assumptions about potential customers, their problems and the product needed to solve that problem. No Business Plan Survives First Contact With A Customer. Their mistakes?

article thumbnail

Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. China, Russia, Brazil, India, Indonesia all meet those criteria. Filed under: Business Model versus Business Plan , Customer Development.

Global 335