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Steve Blank Quotes
Steve Blank Quotes
Steve Blank
American
Businessman
Born:
1953
Business
Companies
Company
Great
Needs
You
Related authors:
Bill Gates
Henry Ford
Jim Rohn
Les Brown
Peter Drucker
Stephen Covey
Steve Jobs
Warren Buffett
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?
Steve Blank
Needs
You
Resources
Once
Make
How
Accomplished
Question
Get
Establish
Happen
Next
Your
Company
Activities
Need
What's been missing from regions outside of Silicon Valley is a 'playbook.' In American football, a playbook contains a sports team's strategies and plays. It struck me that every region needs its own industry playbook on how to compete globally.
Steve Blank
Needs
Me
Sports
Own
Every
Valley
Silicon
Silicon Valley
Struck
Outside
Football
Contains
Missing
Globally
Industry
How
Been
American
American Football
Region
Regions
Team
Strategies
Compete
Plays
Each industry in a region should develop a playbook that expands and details the strategy and tactics of how to build a scalable startup.
Steve Blank
Build
Strategy
Startup
Details
Tactics
Develop
Industry
How
Region
Should
Each
For Customer Development to succeed, everyone on the team - from investor or parent company to engineers, marketers and founders - needs to understand and agree that the Customer Development process is different to its core.
Steve Blank
Needs
Everyone
Marketers
Parent
Investor
Development
Understand
Different
Process
Customer
Succeed
Engineers
Team
Agree
Company
Founders
Core
Any dispassionate observer would recognize that on Day One, a start-up has no customers, and unless the founder is a true domain expert, he or she can only guess about the customer, problem, and business model.
Steve Blank
Day
Business
Problem
Guess
Unless
Recognize
Would
About
Only
He
He Or She
Observer
True
Day One
She
Domain
Model
Any
Expert
Customer
Customers
Business Model
Dispassionate
Founder
Start-Up
Founders, presuming they know their customers, assume they know all the features customers need.
Steve Blank
Assume
Presuming
Features
Know
Customers
Founders
Need
Founders have continually struggled with and adapted the 'big business' tools, rules, and processes taught in business schools when startups failed to execute 'the plan,' never admitting to the entrepreneurs that no startup executes to its business plan.
Steve Blank
Business
Admitting
Big
Startup
Startups
Tools
Rules
Struggled
Entrepreneurs
Never
Failed
Execute
Schools
Big Business
Continually
Taught
Processes
Plan
Founders
Adapted
While 'The Owner's Manual' is not a formula for guaranteed success by any means, we're confident it will help reduce the failure rate of most startups that use our Customer Development process.
Steve Blank
Success
Failure
Will
Startups
Our
Rate
Development
Most
Reduce
Owner
Any
Confident
Process
While
Formula
Customer
Means
Use
Manual
Help
Guaranteed
The Lockheed Skunk Works, led by Kelly Johnson, was responsible for its Advanced Development Projects - everything from the P-80, the first U.S. jet fighter plane, to the U-2 and A-12 spy planes.
Steve Blank
First
Fighter
Jet
Everything
Projects
Responsible
Johnson
Advanced
Development
Led
Spy
Plane
Planes
Skunk
Works
Kelly
Decades before we were able to articulate the value of 'getting out of the building' and the Lean Startup, the value in having skunk works controlling their own distribution was starkly evident.
Steve Blank
Value
Building
Before
Own
Controlling
Startup
Evident
Out
Distribution
Able
Having
Lean
Were
Articulate
Decades
Getting
Skunk
Works
Michael Bloomberg has yet to get his due for engineering the New York entrepreneurial ecosystem.
Steve Blank
Engineering
Entrepreneurial
New
Ecosystem
Due
His
Michael
Get
York
New York
One can make the case that the New York venture capital industry is rooted in the 21st century, not the 20th.
Steve Blank
Case
New
Make
Venture
Venture Capital
Industry
York
New York
Century
Capital
Rooted
It typically takes multiple iterations and pivots to find product/market fit - the match between what you're building and who will buy it.
Steve Blank
Buy
You
Will
Building
Find
Takes
Between
Match
Fit
Who
Multiple
Unfortunately, as you hire more people, the casual, informal 'do what it takes' culture, which worked so well at less than 40 people, becomes chaotic and less effective.
Steve Blank
You
Culture
People
Chaotic
More
More People
Casual
Takes
Well
Becomes
Hire
Effective
Than
Informal
Unfortunately
Which
Worked
Less
Persuading employees to let go of old values and beliefs and adopt new ones can be challenging.
Steve Blank
Old
Values
Employees
Adopt
New
Go
New Ones
Persuading
Let Go
Beliefs
Challenging
You can get a good handle on a company's culture before you even get inside the building. For example, when companies say, 'We value our employees' but have reserved parking spots, a private cafeteria, and over-the-top offices for the executives, that tells you more than any PR spin.
Steve Blank
Good
You
Culture
Value
Example
Employees
Building
Before
Our
Say
Tells
Spin
Inside
More
Parking
Over-The-Top
For Example
Executives
Spots
Private
Handle
Than
Get
Offices
Any
Companies
Company
Even
Reserved
Measuring how hard your team is working by counting the number of hours they work or what time they get in and leave is how amateurs run companies.
Steve Blank
Work
Time
Run
Counting
Hours
How
Amateur
Leave
Get
Working
Your
Hard
Team
Measuring
Companies
Number
Long hours don't necessarily mean success.
Steve Blank
Success
Long
Long Hours
Hours
Mean
Necessarily
Visionary CEOs are product- and business-model-centric and extremely customer focused.
Steve Blank
Extremely
Visionary
Focused
Customer
CEOs
Product
Visionary CEOs don't need someone else to demo the company's key products for them. They deeply understand products, and they have their own coherent and consistent vision of where the industry/business models and customers are today, and where they need to take the company.
Steve Blank
Today
Key
Vision
Own
Else
Consistent
Visionary
Someone
Take
Demo
Understand
Models
Where
Them
Customers
CEOs
Products
Company
Deeply
Coherent
Need
For busy young adults, the lure of meal substitutes is simple - it's all about convenience - the level of effort to open a bottle or package is minimal, and the time from thinking you're hungry to eating is almost zero.
Steve Blank
Time
You
Simple
Young
Meal
Busy
Thinking
Minimal
Hungry
Eating
About
Adult
Bottle
Open
Almost
Effort
Convenience
Young Adults
Substitutes
Package
Zero
Level
Lure
Normally when I have students over, we sit in the house and look at the fields to try to catch a glimpse of a bobcat hunting.
Steve Blank
Try
Sit
Hunting
Students
Catch
Over
Glimpse
Look
House
Normally
Fields
Part of Customer Development is understanding which customers make sense for your business.
Steve Blank
Business
Understanding
Sense
Part
Development
Make
Which
Customer
Customers
Your
One of the biggest mistakes entrepreneurs make is not understanding the relationship they have with their investors. At times, they confuse VCs with their friends.
Steve Blank
Relationship
Mistakes
Understanding
Confuse
Entrepreneurs
Investors
Make
Friends
Times
Biggest
Understand that VCs are simply a sophisticated form of financial investors who, in turn, need to satisfy their own investors.
Steve Blank
Financial
Own
Simply
Investors
Sophisticated
Understand
Form
Turn
Who
Satisfy
Need
History has shown that time and market forces provide equilibrium in balancing interests, whether the new technology is a video recorder, a personal computer, an MP3 player, or now the Net.
Steve Blank
Time
History
Technology
Market
Market Forces
Net
Recorder
Computer
New
Forces
Balancing
Equilibrium
Provide
New Technology
Personal
Whether
Video
Interests
Shown
Now
Player
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