Startup Professionals Musings

SEPTEMBER 16, 2022

With modern technology, and worldwide reach, it should be seen as an important tool for building an efficient, lean, and competitive business, optimized to give you more time for strategic focus. In summary, an entrepreneur should never approach outsourcing as an inexpensive and easy method of offloading work.

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Cost Philippines Bandwidth Cofounder 346

Steve Blank

MAY 19, 2021

To help a large Defense organization wrestle with how to increase the velocity of innovation in their ranks Steve Blank and I spent the better part of last week with our heads together reviewing everything we learned in the five years since we merged the concepts of problem curation and Lean while launching the innovation pipeline.

Curation 353

Curation Technical Review Lean Australia 353

Steve Blank

JUNE 12, 2020

And the trick is we use the same Lean LaunchPad / I-Corps curriculum — and kept the same class structure – experiential, hands-on, driven this time by a mission -model not a business model. Hacking for Defense has its origins in the Lean LaunchPad class I first taught at Stanford in 2011. Goals for the Hacking for Defense Class.

Oakland 315

Oakland Asia Lean Video 315

Startup Professionals Musings

SEPTEMBER 13, 2022

Software apps that once required a 10-person team can now be done with the Lean Development methodology by two people in a couple of months. In the early days (25 years ago), most new e-commerce sites cost a million dollars to set up. Now the price is closer to $100, if you are willing to do the work yourself.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

The Startup Magazine

JANUARY 25, 2024

Utilize Lean Project Management As a strategic framework, lean project management is useful for startups in an environment where resources are limited. The efficiency-driven nature of Lean methodology guarantees that all work adds directly to the product’s value offer.

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Framework SCRUM Management Agile 159

Startup Professionals Musings

DECEMBER 11, 2019

With modern technology, and worldwide reach, it should be seen as an important tool for building an efficient, lean, and competitive business, optimized to give you more time for strategic focus. In summary, an entrepreneur should never approach outsourcing as an inexpensive and easy method of offloading work.

Entrepreneur 303

Entrepreneur Philippines Bandwidth Cofounder 303

Startup Professionals Musings

NOVEMBER 28, 2020

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Startup Professionals Musings

DECEMBER 6, 2019

Software apps that once required a 10-person team can now be done with the Lean Development methodology by two people in a couple of months. In the early days (25 years ago), most new e-commerce sites cost a million dollars to set up. Now the price is closer to $100, if you are willing to do the work yourself.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Steve Blank

JANUARY 6, 2021

Over the weekend I got asked the best way to teach students the principles of Lean via Zoom. Here’s what I suggested they offer their students: Lean in Context. The Harvard Business Review Article “Why the Lean Startup Changes Everything” ties the pieces together here. No Business Plan Survives First Contact With Customers.

Lean 367

Lean Customer Development Business Model Video 367

TechEmpower

DECEMBER 11, 2023

However, an overly attractive site could indicate a leaning towards design over development. Avoid them. Assess the Company's Website: The company's own site provides a clue to its dedication to aesthetics and content. Employee and Contractor Details: How many full-time W2 employees and contractors do they employ, and where are they located?

Software Development 295

Software Development Software Developers Software Review Software 295

Up and Running

MAY 21, 2020

Do a lean business plan. Develop a lean business plan. Use the lean business plan to test whether you know enough to go further. Don’t just hire a consultant; you need to do this first basic lean business plan by yourself. Maybe this means that your idea just failed the test. Still there? Passing so far?

Lean 186

Lean Business Plan Software Review Angel Investor 186

Steve Blank

SEPTEMBER 14, 2017

A canonical Lean Innovation process inside a company or government agency would look something like this: Curation. The company has adopted Lean language and process: curation, prioritization, three horizons, I-Corps – business/ mission model canvas, customer development and agile engineering. As the head of the U.S. Lessons Learned.

Incubator 319

Incubator Curation Engineer Government 319

Startup Professionals Musings

JULY 8, 2022

If your business is health-technology related, I urge you to share this with your team, and with customers, and ask for their help, versus leaning on profitability, price, and process. Many of us have lost a loved one, or suffered personally, due to the ravages of cancer or another life-threatening disease.

Technical Review 357

Technical Review Green Social Media Lean 357

Steve Blank

JANUARY 19, 2022

SAVE THE DATE for the 5th Lean Innovation Educators Summit on The Role of Educators and the University in Building Sustainable and Innovative Ecosystems February 3rd, 2022 from 1 to 4pm EST, 10 to 1pm PST Join me, Jerry Engel, Pete Newell, and Steve Weinstein as well as educators from universities around the world for this upcoming event.

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Lean Milwaukee San Francisco Wisconsin 375

Steve Blank

NOVEMBER 18, 2016

We just finished our Lean LaunchPad class at UC Berkeley’s engineering school where many of the teams embedded machine learning technology into their products. Machine Learning Meets Lean – Berkeley Lean LaunchPad Class. Filed under: Lean LaunchPad , Teaching. I had all that in mind as we watched our teams present.

Artificial Inteligence 325

Artificial Inteligence Lean Exit Strategy Startup 325

Startup Professionals Musings

APRIL 4, 2022

Software apps that once required a 10-person team can now be done with the Lean Development methodology by two people in a couple of months. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up. Now the price is closer to $100, if you are willing to do the work yourself.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

JULY 25, 2023

Now at Imperial College Business School and Co-Founder of the Wicked Acceleration Labs , Cristobal and I wondered if we could combine the tenets of Lean (get out of the building, build MVPs, run experiments, move with speed and urgency) with the expanded toolset developed by researchers who work on Wicked problems and Systems’ Thinking.

Lean 295

Lean Chile Ukraine Spain 295

Steve Blank

OCTOBER 15, 2019

These processes reduce risk to an overall organization, but each layer of process reduces the ability to be agile and lean and – most importantly – responsive to new opportunities and threats. Process helps ensure that you can deliver solutions that scale without breaking other parts of the organization. Process Versus Product.

Government 322

Government Technical Review Acquisition Metrics 322

Steve Blank

NOVEMBER 23, 2021

Raymond said a focus for the Space Force is being lean and fast, innovative and unified. Space Command as 11th U.S. combatant command, and was for a year the head of both a service (Space Force) and a combatant command (Space Command). Today it is far more crowded and dangerous.

Technical Review 373

Technical Review Technology Russia United States 373

Startup Professionals Musings

NOVEMBER 4, 2022

Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team.

Technical Cofounder 309

Technical Cofounder Cofounder Advisory Board Startup 309

Startup Professionals Musings

FEBRUARY 9, 2020

Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team.

Technical Cofounder 308

Technical Cofounder Cofounder Advisory Board Stock Options 308

Steve Blank

NOVEMBER 14, 2022

Join Jerry Engel , Pete Newell , and Steve Weinstein for the sixth edition of the Lean Innovation Educators Summit December 14, 1-4 pm Eastern Time, 10 am-1 pm Pacific Time. Register here and learn more on our website : We look forward to gathering as a community of educators to shape the future of Lean Innovation Education.

Lean 369

Lean Cofounder Community Global 369

Startup Professionals Musings

JUNE 30, 2019

Software apps that once required a 10-person team can now be done with the Lean Development methodology by two people in a couple of months. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up. Now the price is closer to $100, if you are willing to do the work yourself.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Startup Professionals Musings

SEPTEMBER 16, 2023

He nails the current key startup parameters, including the following: Crafting a lean business plan as your road map. Excellent detailed resources are everywhere, including a classic book, “ The Startup Checklist ,” by serial entrepreneur and founder of the New York Angels, David S.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

Steve Blank

MAY 7, 2019

Lean Methodology consists of three tools designed for entrepreneurs building new ventures: The Business Model Canvas – to write down all the hypotheses about a new business; Customer Development – a process for testing those hypotheses outside the building; Agile Engineering – to rapidly build minimal viable products to test product/market fit.

Lean 334

Lean Marketing Agile Customer Development 334

Up and Running

SEPTEMBER 15, 2021

Follow lean product development strategy (MVP strategy). Lean product development strategy or MVP (Minimum Viable Product) refers to creating a product with core features and offering it to a specific audience to get feedback.

Cost 158

Cost Developer Azure Churn Rate 158

Steve Blank

OCTOBER 7, 2019

It’s been almost a decade since we first started teaching the Lean Methodology. But in all that time, we haven’t gotten a large group of educators together to talk about what it’s been like to teach Lean or the impact it’s had in their classrooms and beyond. What’s next for Lean and entrepreneurial education.

Lean 45

Lean South America Asia Australia 45

The Startup Magazine

JULY 26, 2021

Here are a few cost-saving rules all manufacturers need to follow today: Adopt lean manufacturing. Lean Startup Feedback Loop from lean.st. With all that in mind, we can see how important it is to reduce costs to stay afloat. One of the main benefits of this measure is that it can boost efficiency while reducing invested resources.

Cost 159

Cost Technical Review Bankruptcy Lean 159

Startup Professionals Musings

JANUARY 2, 2019

Build a lean team to complement your strengths. I see this happening all the time, and in reality it may be a necessary stage, while funding and other resources are in short supply. The challenge is knowing when to move on to the next stage, before you kill yourself physically or mentally with the growing workload.

Leadership 248

Leadership Technical Review Cofounder Social Media 248

Both Sides of the Table

FEBRUARY 12, 2019

This is why many VCs are waiting and letting deals mature a bit before leaning into rounds. With seed up massively between 2006–2014 and A and B rounds relatively flat what you see is a widening of the funnel going into traditional venture.

Venture Capital 328

Venture Capital Technical Review Seed Stage IPO 328

Steve Blank

DECEMBER 20, 2018

Five years ago we brought evidence-based entrepreneurship to Life Sciences – teaching the first Lean Lean Launchpad class at UCSF, then the NIH and Imperial College. I sat down with Arvind Gupta , Founder and Managing Director of IndieBio and talked about how Lean methods apply to Life Sciences.

Lean 252

Lean San Francisco Programming Video 252

Steve Blank

NOVEMBER 19, 2019

We used to be able to fit all the Lean Educators in my living room and have space left over. Turns out we needed a bigger room for the Dec 4th-5th Lean Educators Summit. It’s been almost a decade since we first started teaching the Lean Methodology. What’s next for Lean and entrepreneurial education. Australia?].

Lean 46

Lean South America Asia Australia 46

Both Sides of the Table

SEPTEMBER 28, 2014

” Stay lean and only raise a big round if you DO find product / market fit and which point you want to loosen the belt quickly and raise the capital to do so. In these kinds of businesses I’m on the record as advising “ Ring the Freakin Cash Register.”

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Burn Rate Balance Sheet .Net Valuation 383

Steve Blank

JANUARY 5, 2023

We were integrating a lecture class with a heavy reading list with the best practices of hypothesis testing from Lean Launchpad/Hacking for Defense/I-Corps. If you can’t see the presentation click here. We knew we were asking a lot from our students. But I’ve yet to bet wrong in pushing students past what they think is reasonable.

Technical Review 376

Technical Review Artificial Inteligence Technology China 376

Steve Blank

APRIL 5, 2017

I reminded her that all the Lean tools she learned in class–Customer Discovery, business model and value proposition canvases– contained her answer. How do I sort out what to do?”. She winced as I reminded her that she had gone through the National Science Foundation Innovation Corps. Painful and invaluable” was her reply.

Marketing 318

Marketing Audience Technical Review PR 318

Steve Blank

NOVEMBER 13, 2020

There are several lines of effort that we’re focusing on: We’re working to build the Space Force as a very Lean and Agile service. It is trying to do things differently, building a lean and agile organization. We have to present those forces to a warfighting commander. Flatter organization, with a COO and CTO.

Technology 333

Technology United States Iraq Operations 333

Steve Blank

JUNE 3, 2024

Tuesday = Hacking for Defense Wednesday = Lean Launchpad The presentations just get better every year. Zoom link and RSVP for Hacking for Defense here Zoom link and RSVP for Lean LaunchPad here Join us for the final presentations of our two Stanford classes this Tuesday June 4th and Wednesday June 5th. Attend in person or via Zoom.

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Lean 196