The Lean Startup is a process for turning ideas into commercial ventures. Its premise is that startups begin with a series of untested hypotheses. They succeed by getting out of the building, testing those hypotheses and learning by iterating and refining minimal viable products in front of potential customers.
That’s all well and … More >
“By knowing things that exist, you can know that which does not exist.” — Book of Five Rings
A startup is not just about the idea, it’s about testing and then implementing the idea. A founding team without these skills is likely dead on arrival.
I was driving home from the BIO conference in San … More >
Our Stanford and Berkeley Lean LaunchPad classes are over for this year, and as usual we learned as much from teaching the teams as the teams did from us.
Here are a few of the Lessons Learned from these two classes.
Have each team talk to 10 customers before the class starts
Each year we … More >
Since 2005 startup accelerators have provided cohorts of startups with mentoring, pitch practice and product focus. However, accelerator Demo Days are a combination of graduation ceremony and pitch contest, with the uncomfortable feel of a swimsuit competition. Other than “I’ll know it when I see it”, there’s no formal way … More >
Having a film crew in your living room for two days is something you want to put on your bucket list.
With a ~$2 billion endowment the Kauffman Foundation is the largest non-profit focused on entrepreneurship in the world. Giving away $80 million to every year (~$25 million to entrepreneurial causes) makes Kauffman the dominant player … More >
Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Over the years Dino and I brainstormed about how Lean entrepreneurship would affect regional development.
I visited Bend last year and caught up with his progress.
Today with every … More >
There’s a sign on the wall but she wants to be sure
Cause you know sometimes words have two meanings
Led Zeppelin – Stairway to Heaven
In late 2013 Cowboy Ventures did an analysis of U.S.-based tech companies started in the last 10 years, now valued at $1 billion. They found 39 of these companies. They called them … More >
This post is part of our series on the National Science Foundation I-Corps Lean LaunchPad class in Life Science and Health Care at UCSF. Doctors, researchers and Principal Investigators in this class got out of the lab and hospital talked to 2,355 customers, tested 947 hypotheses and invalidated 423 of them. The class … More >
This post is part of our series on the National Science Foundation I-Corps Lean LaunchPad class in Life Science and Health Care at UCSF.
Part 1: issues in the therapeutics drug discovery pipeline
Part 2: medical devices and digital health
Part 3: described what we’re going to do about it.
Part 4: This Will Save us Years – Customer Discovery in … More >