A Quote by Steve Blank

In the past, when venture-funded startups told their investors they'd found a profitable business model, the first thing VCs would do is to start looking for an 'operating exec' - usually an MBA who would act as the designated 'adult' and take over the transition from Search to Build.

Steve Blank

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Act Adult Build Business Business Model First First Thing Found In The Past Investors Looking Mba Model Operating Over Past Profitable Profitable Business Search Start Startups Take The First Thing Thing Transition Venture Would

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Steve Blank
American - Businessman
Born: 1953

When I first started as an angel investor, I was excited to start investing in startups - but I didn't know much. I couldn't tell the good ones from the bad; I didn't understand all these venture capital terms, so I would invest somewhat blindly.

Gil Penchina

We now understand the distinction between startups - who search for a business model - versus existing companies - that execute a business plan.

Steve Blank

If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.

Jose Ferreira

So my advice to startups in this particular category is if you’re going to put your product in beta - put your business model in beta with it. Far too often we are too product focused and not business-model focused. That’s one thing I definitely would have done differently with JotSpot.

Joe Kraus

It helps tremendously to have operating startup experience when advising startups. It is much easier to tell people how to talk to customers, build product, manage an engineering team, raise money from investors, and talk to press when you've done it before yourself.

Justin Kan

What if every high-caliber chef told our investors that for every fancy restaurant we build, it would be a requirement to build one in the hood as well?

Roy Choi

What I tell founders is not to sweat the business model too much at first. The most important task at first is to build something people want. If you don't do that, it won't matter how clever your business model is.

Paul Graham

A world of "if"s, but it would make no difference. If I could go back in time... but I couldn't. The past was behind me. The best thing now would be to stop looking over my shoulder. It was time to forget the past and look to the present and future.

Darren Shan

I think that [Buckminster] Fuller certainly would have found a way in which to be funded by Google in a way that he was funded by the Marine Corps and everybody else. He would have remained obstinately his own creature.

Jonathon Keats

Startups are companies that are still in the process of searching for a business model. Ventures that are further along and executing their business models are no longer startups; they are early-stage companies.

Steve Blank

I think I would have kept in contact with venture capital investors and entrepreneurs. I'm sure staying involved as something like a coach would be fun. If I handed over the reins to a successor, I wouldn't stick around [to pull strings] like a retired emperor.

Masayoshi Son

Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model.

Steve Blank

I'm not going to lie, the first three years of being in the group, I would look for trolls. I would search Leigh Anne. I would look through Twitter and I would search Leigh Anne from Little Mix, the black girl in Little Mix, I would put these things in my search engines just to see the comments.

Leigh-Anne Pinnock

There's nothing wrong with raising venture capital. Many lean startups are ambitious and are able to deploy large amounts of capital. What differentiates them is their disciplined approach to determining when to spend money: after the fundamental elements of the business model have been empirically validated.

Eric Ries

Probably, if I created a venture fund, I would create a firm with virtual services not too different from the a16z model, but without employing people. So I would get CPOs, engineering talent, marketing people who wanted to be involved with the venture fund and provide services.

Peter Levine

My father told me when I first started that standup is exciting and I should pursue it, but that writing would be the thing that would give me power over my career. I never have to take a road gig or a writing gig I don't want because I always have the ability to play one against the other.

Greg Fitzsimmons

A Quote by Steve Blank

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