American - Businessman | 1953 -
Everyone on the founding team ought to invest the time in a coding bootcamp.
Steve Blank
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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.
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My imagination ran 24/7, and to me, every problem was a challenge to solve and new product to create. It wasn't until I started teaching that I realized that not everyone's head worked the same way.
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With clear definitions and a taxonomy that illustrates their relationships, the Inventure Cycle defines the pathway from inspiration to implementation. This framework captures the skills, attitudes, and actions that are necessary to foster innovation and to bring breakthrough ideas to the world.
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Once you establish what activities your company needs to do, the next question is, 'How do these activities get accomplished?' i.e. what resources do I need to make the activities happen?
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Describing something as the 'Woodstock of...' has taken to mean a one-of-a-kind historic gathering.
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We now understand the distinction between startups - who search for a business model - versus existing companies - that execute a business plan.
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Entrepreneurial education in grades K-12, if it exists at all, still focuses on teaching potential entrepreneurs small business entrepreneurship - the equivalent of 'how to run a lemonade stand.'
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In winning companies, everybody pulls in the same direction.
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I have to think my success in the VC business was due in no small part to seeing Larry Ellison in action back in the day.
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Great entrepreneurial DNA is comprised of leadership, technological vision, frugality, and the desire to succeed.
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Value Proposition Design is a 'must have' for anyone creating a new venture. It captures the core issues around understanding and finding customer problems and designing and validating potential solutions.
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