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In my experience, the SiliconValley startup model, focused on disrupting established industries, has treated the USA well and created some great global businesses. In effect, SiliconValley needs to take a more global perspective. With a singular focus on building unicorns, very rapid growth has been a key metric.
In my experience, the SiliconValley startup model, focused on disrupting established industries, has treated the USA well and created some great global businesses. In effect, SiliconValley needs to take a more global perspective. With a singular focus on building unicorns, very rapid growth has been a key metric.
I still have to tell some entrepreneurs that even with the best idea, they have to move to SiliconValley to find the investors they need, or they need to move to the U.S. Today, SiliconValley is the consumer and enterprise software capital of the world. get the attention of the market they choose.
I still have to tell some entrepreneurs that even with the best idea, they have to move to SiliconValley to find the investors they need, or they need to move to the U.S. Also, investors from the super-hubs (SiliconValley, New York, or Boston), won’t assume anyone outside their domain has the savvy and resources to make it happen.
These four developments, while important to SiliconValley, are vital to developing regional tech clusters. While the density of SiliconValley startups can’t be replicated in regions, the barriers of money and resources have disappeared. Why Valley Rules Don’t Work in Regional Economies.
What metrics do we use to see if we learned enough in Customer Discovery ? I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. Dave McClure has some great metrics…” It was an honest but vaguely unsatisfying answer.
There are very few people in SiliconValley who have such a precise grasp on what defines success of early-stage startup companies than Eric Ries. 48:30 Vanity metrics. 52:00 Actionable metrics. And there are very few people who so consistently exceed my expectations when I hear them speak. 46:18 iOS Vs. Android.
I still have to tell some entrepreneurs that even with the best idea, they have to move to SiliconValley to find the investors they need, or they need to move to the U.S. Today, SiliconValley is the consumer and enterprise software capital of the world. get the attention of the market they choose.
Blackbox , founded by entrepreneurs Bjoern Lasse Herrmann and Max Marmer, in June released its first Startup Genome Report — a 67-page in depth analysis on what makes SiliconValley startups successful based on profiling over 650 startups. Startup Genome Compass.
This week Blackbox , founded by entrepreneurs Bjoern Lasse Herrmann and Max Marmer, released its first Startup Genome Report — a 67-page in depth analysis on what makes SiliconValley startups successful based on profiling over 650 startups. Here are 14 of the report’s key findings: 1. Founders that learn are more successful.
Alex is a SiliconValley veteran and Cisco executive, often referred to as the ‘innovation therapist,’ who details his knowledge of many real-world cases and specifics on how to keep up with change and win in the marketplace. Define realistic metrics to keep track of progress. If you can’t measure it, you can’t manage it.
Prioritize growth as the primary metric for fundraising: For SiliconValley investors, growth is the most important factor, even more so than the team or past experience. Launch a Minimum Viable Product (MVP) quickly: Aim to get something into users’ hands within two months, regardless of the initial state.
I’m going to link this this and read it weekly Reply Mark Gibson , on April 22, 2010 at 8:27 am Said: Hi Steve, I’ve read Four Steps a couple of times now (loved the Secret History of SiliconValley) and enjoy your blog-posts…this is on target. Steve Blanks 30 years of SiliconValley startup advice.
I still have to tell some entrepreneurs that even with the best idea, they have to move to SiliconValley to find the investors they need, or they need to move to the U.S. Also, investors from the super-hubs (SiliconValley, New York, or Boston), won’t assume anyone outside their domain has the savvy and resources to make it happen.
My own metric is that you need experience >= 1.5 Steve Blanks 30 years of SiliconValley startup advice. We could for example, find warning signs in popular literature about e.g. finance suggesting rapid maturation in bond trading. Warning sign? Say 40 years = 20 years real direct experience. At best. ~ Is 20 years enough?
During my time in SiliconValley, I was struck by the fact that most successful entrepreneurs seemed to personally know and regularly hear from all the “movers and shakers” who had the investment capital and leadership they needed. Using metrics to measure results and commitments.
Their firm is one of those that you think of when you think of SiliconValley. They have some of the best names in the Valley. He called me 15 months later excited to show me his metrics and wanted to talk about his A round. I got a call a few years ago from a well-known investor up North. Why am I so lucky? Fair enough.
Reading the articles and the comments is probably worth it, but I personally think that the NY Times is overstating the advantage of being in SiliconValley with a couple of exceptions. Of course, thats probably even more true in SiliconValley. eHarmongy) as an acting CTO.
He’s spent the last four years in SiliconValley out of uniform continuing that work. — Problem 1 : Regardless of a high-level understanding that business as usual can’t go on, all agencies are given “guidance and metrics (what they are supposed to do (their “mission”) and how they are supposed to measure success).
And the results weren’t the traditional PR metrics of number of articles or inches of ink. We were constantly creating metrics to see the effects of different PR messages, channels and audiences on end-user purchases. Steve Blanks 30 years of SiliconValley startup advice. I couldn’t care less about those. Order Here.
But he left to work on what he told me he came to do - crack the innovation code of SiliconValley and share it with the rest of the world. Founders that learn are more successful : Startups that have helpful mentors, track metrics effectively, and learn from startup thought leaders raise 7x more money and have 3.5x
reminds us that Customer Development is not just collecting web metrics and it’s not about focus groups. Steve Blanks 30 years of SiliconValley startup advice. Reply Treat Your Customers Like Children (or your Children like Customers) | Market By Numbers | Marketing Help , on January 9, 2010 at 2:02 pm Said: [.]
2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in SiliconValley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. This article originally appeared on TechCrunch. I acknowledged this in the article.
And, most importantly, the Lean Startup idea is starting to take root in industries and contexts very different from it’s SiliconValley roots. Brad Smith is the CEO of Intuit, one of the most successful software companies in SiliconValley. No BS, no vanity metrics, no launches, no PR.
Metrics – Mine is Bigger Than Yours The first thing SuperMac needed to do was to change how our potential color desktop publishing customers viewed our products versus our competitors’ products. As hokey as it is, when confronted with uncertainty or unknowns, human beings like to be reassured by comparative metrics. Order Here.
Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. Almost overnight the floodgates opened, and risk capital was available at scale from venture capital investors who rushed their startups toward public offerings.
This form of planning condensed the business model onto one page and is most useful for high-growth, technically focused startups (think SiliconValley). Both SiliconValley startups and Main Street small businesses need to know how they are doing. Step 5: Track your Performance. Are they growing according to plan?
I still have to tell some entrepreneurs that even with the best idea, they have to move to SiliconValley to find the investors they need, or they need to move to the U.S. Also, investors from the super-hubs (SiliconValley, New York, or Boston), won’t assume anyone outside their domain has the savvy and resources to make it happen.
SiliconValley is still emerging from the tech bubble and massive downturn of late 2000-2002. Online social networking is a concept still being evangelized even in SiliconValley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round).
My first job out of school was at one of the early bioinformatics companies in SiliconValley, working as the head of technical services. Founder Institute is the brain child of Adeo Ressi , a super passionate and successful serial entrepreneur based in SiliconValley, probably best known for founding TheFunded.com.
When we looked at the color graphics board market, our competitors had defined the market as one measured by technical metrics: screen resolution, number of bits of color, screen refresh rates, acceleration, etc. It didn’t take much imagination to realize that what we had to do was to tell our story around one key metric performance ?
This week, the startup tribe from Harvard Business School is making their annual trek to SiliconValley. It’s a common refrain around SiliconValley to disparage the role of MBA’s in entrepreneurship. And for my friends in SiliconValley, I hope you get excited about this, too. I’ll be honest.
As the emeritus Chief Technology Officer of the United States, he still connects government and SiliconValley. He’ll talk about making a profit and making a difference in a conversation with New Media Ventures’ Christie George. Todd Park convened the team that saved Obamacare.
Some things need to be done whether we like them or not; for example, daily cash-flow analysis and business metrics. That’s why smart investors, like the best ones in SiliconValley, and the ones on Shark Tank , can tell a lot about the future success of a business, even before results. Learn to like the things that need done.
You kids have to learn to do it the old fashioned way they did it before they new economy and SiliconValley. Reply conversationalistOU812 , on November 9, 2009 at 10:31 am Said: Dmitriy is right – we should ban the use of industry buzzwords like “verticals&# , “metrics&# and “horizontals&# altogether.
Its easy to take SiliconValley for granted. Ive written a little bit about the origins of SiliconValley because I think its important for us to understand how we got here in order to make sure we preserve what is best about our community. But theres no denying the level of support for entrepreneurs that we enjoy.
The notion of “Market Type&# is there so startups have a metric of when to spend marketing and sales dollars. Steve Blanks 30 years of SiliconValley startup advice. In this case you spend every sales and marketing dollar you can get your hands on to take market share. Reply Leave a Reply Click here to cancel reply.
Startup Tip: Four Questions To Ask When Making Decisions Based On Metrics & Statistics – [link]. crowdSPRING Blog podcast: The 3rd Coast- How to be a Startup Outside of SiliconValley – [link]. The 10 Social Media Metrics Your Company Should Monitor – [link]. I hope you enjoy these links!
Even geography counts – there is a reason that tech firms cluster in SiliconValley and financial firms cluster in London and New York. Establish metrics on the culture, as well as the product. These metrics need the same top management attention as customer retention and sales metrics.
Thomas Clayton has started and run numerous high-tech startups in SiliconValley. The process of raising money in Asia is very different from raising money in SiliconValley and, frankly, it’s not nearly as easy. Set your expectations – VCs in Asia are different from the Valley.
To turn your company’s stock into cash, you engaged a top-notch investment bank (Morgan Stanley, Goldman Sachs) and/or their SiliconValley compatriots (Hambrecht & Quist, Montgomery Securities, Robertson Stephens). In the 20th century tech companies and their investors made money through an Initial Public Offering (IPO).
Their pitch was unpolished, product vision unclear, they had little understanding of their metrics, and traction didn’t stand out from competitors. WhatsApp, recently acquired by Facebook for $19 billion in cash and stock options , challenged traditional SiliconValley logic. Aileen passed on the deal.
Lessons Learned by Eric Ries Saturday, August 2, 2008 Paul Graham on fundraising I have found no better primer on the current realities of starting a new technology company in a startup hub like SiliconValley than Paul Grahams essays. but rest assured they would be. Startup Lessons Learned - the Conference (April 23.
He gave us a quick rundown on two major growth challenges he’s faced: Challenge #1: Vanity Metrics. The problem of vanity metrics seemed to exacerbate itself as we added more employees. Another Vanity metric I''ve seen is visits—a stat that I''ve rarely seen anyone take action on. Product team velocity is a great example.
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