All posts in tag: venture capital

Steve Blank How Investors Make Better Decisions: The Investment Readiness Level

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team.  Other than “I’ll know it when I see it”, there’s no formal way for an investor to assess project maturity … More >

Steve Blank Engineering a Regional Tech Cluster — Part 3 of Bigger in Bend

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 >

Steve Blank Early-stage Regional Venture Funds–Part 2 of 3 of Bigger in Bend

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 >

Steve Blank Bigger in Bend – Building a Regional Startup Cluster, Part 1 of 3

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with.

Dino and I kept in touch as he moved up to Bend, Oregon on a mission to engineer Bend into … More >

Steve Blank A New Way to Look at Competitors

Every startup I see invariably puts up a competitive analysis slide that plots performance on a X/Y graph with their company in the top right.

The slide is a holdover from when existing companies launched products into crowded markets. Most of the time this graph is inappropriate for startups or existing … More >

Steve Blank Reinventing life science startups – evidence-based entrepreneurship

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently?

We’re going to test this hypothesis by teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of … More >

Steve Blank Reinventing life science startups – medical devices and digital health

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently?

We’re going to test this hypothesis by teaching a Lean LaunchPad class for Life Sciences and Healthcare (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of veteran venture … More >

Steve Blank Don’t give away your board seats

I had group of ex-students out to the ranch who were puzzling over a dilemma – they’ve been working hard on their startup, were close to finding product/market fit and had been approached by Oren, a potential angel investor. Oren had been investing since he left Google four years ago … More >

Steve Blank Fund raising is a means, not an end

“Not all that glitters is gold.” — William Shakespeare

For many entrepreneurs “raising money” has replaced “building a sustainable business” as their goal.  That’s a big mistake. When you take money from investors their business model becomes yours.
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One of my ex students came out to the ranch to give me an … More >

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