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Finland itself has significant engineering talent, and is also attracting entrepreneurs from Russia and the former USSR. Filed under: Business Model versus Business Plan , CustomerDevelopment , Teaching , Venture Capital. The country needs to figure out a long term privatization strategy for Venture investing.
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 , CustomerDevelopment , Teaching , Technology , Venture Capital.
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.
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 "CustomerDevelopment" methodology detailed in his book, "The Four Steps to the Epiphany."
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 , customerdevelopment and agile engineering) and practice. We use CustomerDevelopment and the Lean LaunchPad to train and accelerate teams U.C.
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?
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 , CustomerDevelopment.
In Russia, President Putin’s office just stopped using PC’s and switched to typewriters. Filed under: CustomerDevelopment , Secret History of Silicon Valley. CustomerDevelopment Secret History of Silicon Valley' In a time of universal deceit – telling the truth is a revolutionary act. George Orwell.
Just as Germany’s domination of Western Europe in World War II was eventually undone by its decision to launch a second front by invading Russia, so too unlike a start up, corporate ventures cannot focus solely on winning in the external marketplace. Filed under: Big Companies versus Startups: Durant versus Sloan , CustomerDevelopment.
Entrepreneurs from Japan, France and now Russia believed they could help startups in their country if the Four Steps to the Epiphany was available in their native tongue. Filed under: CustomerDevelopment. All these translations have been crowd-sourced. They translated it at their own expense. Blame it On Eric. Good enough.
Horizon 2 ideas extend a company’s existing business/model and core capabilities to new customers, markets or targets. Ironically rapid Horizon 3 disruption is most often used not by the market leaders but by the challengers/new entrants (startups, ISIS , China, Russia, etc.). Why Do the Challengers/new Entrants Have the Edge?
Now we have ditched the cold war triad in the 21st century since the Soviet Union became Russia again and discovered its own style of capitalism.) Sure the rest of the stories diverge though… can’t really imagine a Soviet counterpart to the CustomerDevelopment method. Reply Ben C. ,
There was a big flap in the press when Secretary of State John Foster Dulles refused to permit Nikita Khrushchev to bring a captured gondola and tour the USA to show what the Government was playing over Russia. The eventual goal of this program would have been to radar-map the Soviet Union.
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