Thu, 29 October 2015
64: 8 Startups, 4 IPO's, Lost $35m of Investors Money to Paying Them Back $1b Each! Startup Lessons From Steve Blank
If you’re new to the startup space, Steve Blank is the biggest name in tech you haven’t heard of. A serial entrepreneur turned educator, in entrepreneurial circles he’s referred to as one of the “Godfathers of Silicon Valley.” A master of the startup, he was involved in or founded ’s started eight venture-backed Silicon Valley companies, including software company E.piphany, which alone raised $66 million prior to going public in 1999, before being acquired by a larger corporation for $329 million in 2005. Basically, he’s a Silicon Valley pioneer who was killing it in the startup space when the rest of us were watching Muppet Babies.
Drop his name around the offices of Facebook, Apple, Google, et cetera, and you’ll get knowing and approving nods. Follow him around Palo Alto and you’ll see him get asked for autographs. It seems in the way startups operate today, everyone owes a debt to this man. If you’ve heard of the Lean Startup, you’re familiar with his work already.
Today, Blank actively lectures at Stanford, UC Berkeley, and the joint Berkeley/Columbia MBA program, NYU and UCSF, as well as the National Science Foundation and National Institutes of Health, through the Innovation Corps program he developed. The Harvard Business Review named him one of 12 Masters of Innovation in 2012. CNBC recognized him as one of the 11 Notable Entrepreneurs Teaching the Next Generation. In 2013, Forbes listed Blank as one of the 30 most influential people in Tech. Blank’s books, blog, and interviews are often featured in world news publications such as The New York Times, Forbes, Inc, TechCrunch, and The Wall Street Journal. His teaching commonly focuses on the Customer Development methodology that he developed throughout his accolade-rich career.
His 2003 book The Four Steps to the Epiphany launched the Lean Startup movement. And a decade later, the sequel The Startup’s Owner’s Manual cemented his place on all entrepreneurial required reading lists. Not bad for a man who’s technically been retired for over a decade.
In this interview you will learn: