Steve Blank Podcast show

Steve Blank Podcast

Summary: Steve Blank, eight-time entrepreneur and now a business school professor at Stanford, Columbia and Berkeley, shares his hard-won wisdom as he pioneers entrepreneurship as a management science, combining Customer Development, Business Model Design and Agile Development. The conclusion? Startups are simply not small versions of large companies! Startups are actually temporary organizations designed to search for a scalable and repeatable business model.

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  • Artist: Steve Blank
  • Copyright: Copyright 2010 by Albedrio Partners, Inc.

Podcasts:

 Cram Down – A Test of Character for VCs and Founders | File Type: audio/mpeg | Duration: 00:09:28

Cram downs are back – and I’m keeping a list. At the turn of the century after the dotcom crash, startup valuations plummeted, burn rates were unsustainable, and startups were quickly running out of cash. Most existing investors (those still in business) hoarded their money and stopped doing follow-on rounds until the rubble had cleared.

 What Happened When Deputy Secretary of Defense Kathleen Hicks visited Stanford’s Gordian Knot Center | File Type: audio/mpeg | Duration: 00:09:24

It was an honor to host US Deputy Secretary of Defense Dr. Kathleen Hicks at Stanford’s Gordian Knot Center for National Security Innovation. (Think of the Deputy Secretary of Defense as the Chief Operating Officer of a company – but in this case the company has 3 million employees (~1.4 million active duty, 750,000 civilians, ~800,000 in the National Guard and Reserves.)

 The Quantum Technology Ecosystem – Explained | File Type: audio/mpeg | Duration: 00:23:11

Tens of billions of public and private capital are being invested in Quantum technologies. Countries across the world have realized that quantum technologies can be a major disruptor of existing businesses and change the balance of military power. So much so, that they have collectively invested ~$24 billion in in quantum research and applications.

 The Semiconductor Ecosystem – Explained | File Type: audio/mpeg | Duration: 00:15:00

The last year has seen a ton written about the semiconductor industry: chip shortages, the CHIPS Act, our dependence on Taiwan and TSMC, China, etc. But despite all this talk about chips and semiconductors, few understand how the industry is structured. I’ve found the best way to understand something complicated is to diagram it out, step by step. So here’s a quick pictorial tutorial on how the industry works.

 What’s Plan B? – The Small, the Agile, and the Many | File Type: audio/mpeg | Duration: 00:16:56

One of the most audacious and bold manifestos for the future of Naval innovation has just been posted by the Rear Admiral who heads up the Office of Naval Research. It may be the hedge we need to deter China in the South China Sea.

 Technology, Innovation, and Great Power Competition – Wrap Up | File Type: audio/mpeg | Duration: 00:15:24

We just had our final session of our Technology, Innovation, and Great Power Competition class. Joe Felter, Raj Shah and I designed the class to give our students insights on how commercial technology (AI, machine learning, autonomy, cyber, quantum, semiconductors, access to space, biotech, hypersonics, and others) will shape how we employ all the elements of national power (our influence and footprint on the world stage). At the end of the quarter, each of the teams gave a final “Lessons Learned” presentation with a follow-up a 3,000 to 5,000-word team-written paper. By the end the class all the teams realized that the problem they had selected had morphed into something bigger, deeper and much more interesting.

 I Can’t See You but I’m Not Blind | File Type: audio/mpeg | Duration: 00:06:23

If I ask you to think of an elephant do you see an elephant in your head when you close your eyes? I don’t. Regardless of how descriptive the imagery, story or text I can’t create any pictures in my head at all. 2% of people can’t do this either. This inability to visualize is called aphantasia.

 The Gordian Knot Center for National Security Innovation at Stanford | File Type: audio/mpeg | Duration: 00:09:42

75 years ago, the Office of Naval Research (ONR) helped kickstart innovation in Silicon Valley with a series of grants to Fred Terman, Dean of Stanford’s Engineering school. Terman used the money to set up the Stanford Electronics Research Lab. He staffed it with his lab managers who built the first electronic warfare and electronic intelligence systems in WWII. This lab pushed the envelope of basic and applied research in microwave devices and electronics and within a few short years made Stanford a leader in these fields. The lab became ground zero for the wave of Stanford’s entrepreneurship and innovation in the 1950’s and 60’s and helped form what would later be called Silicon Valley. 75 years later, ONR just laid down a bet again, one we believe will be equally transformative. They’re the first sponsors of the new Gordian Knot Center for National Security Innovation at Stanford that Joe Felter, Raj Shah, and I have started.

 Technology, Innovation, and Great Power Competition – Class 8 – Cyber | File Type: audio/mpeg | Duration: 00:07:01

We just completed the eighth week of our new national security class at Stanford – Technology, Innovation and Great Power Competition. Joe Felter, Raj Shah and I designed the class to cover how technology will shape the character and employment of all instruments of national power. Today’s class: Cyber

 Technology, Innovation, and Great Power Competition – Class 7 – Space | File Type: audio/mpeg | Duration: 00:05:32

We just completed the seventh week of our new national security class at Stanford – Technology, Innovation and Great Power Competition. Joe Felter, Raj Shah and I designed the class to cover how technology will shape the character and employment of all instruments of national power. Today’s class: The Second Space Age: Great Power Competition in Space.

 Technology, Innovation, and Great Power Competition – Class 6 – Unmanned Systems and Autonomy | File Type: audio/mpeg | Duration: 00:08:58

We just completed the sixth week of our new national security class at Stanford – Technology, Innovation and Great Power Competition. Joe Felter, Raj Shah and I designed the class to cover how technology will shape the character and employment of all instruments of national power....Today’s class: Unmanned Platforms and Autonomy

 When There Seems to Be No Way Out – Customer Discovery for Your Head | File Type: audio/mpeg | Duration: 00:06:43

As an entrepreneur at times you forget that being in charge doesn’t mean you have to know everything. When it feels like you’re trapped facing an unsolvable dilemma, and wrestling with a seemingly intractable problem, remember that “getting out of your head” is the personal equivalent of the Lean Startup mantra “get out of the building.” Learning this was a big step in making me a more effective entrepreneur.

 Technology, Innovation, and Great Power Competition – Class 5 – AI and Machine Learning | File Type: audio/mpeg | Duration: 00:08:01

We just completed the fifth week of our new national security class at Stanford – Technology, Innovation and Great Power Competition. Joe Felter, Raj Shah and I designed the class to cover how technology will shape all the elements of national power (America’s influence and footprint on the world stage). In class 1, we learned that national power is the combination of a country’s diplomacy, information/intelligence, its military capabilities, economic strength, finance, intelligence, and law enforcement. This “whole of government approach” is known by the acronym DIME-FIL. Class 2 focused on China, the U.S.’s primary great power competitor. China is using all elements of national power: diplomacy (soft power, alliances, coercion), information/ intelligence, its military might and economic strength (Belt and Road Initiative) as well as exploiting Western finance and technology. China’s goal is to challenge and overturn the U.S.-led liberal international order and replace it with a neo-totalitarian model. The third class focused on Russia, which since 2014 has asserted itself as a competing great power. We learned how Russia pursues security and economic interests in parallel with its ideological aims. At times, these objectives complement each other. At other times they clash, as Russian policy is run by Vladimir Putin and his political institutions. The fourth class shifted our focus to the impact commercial technologies have on DIME-FIL. The first technology we examined were semiconductors, the oil of the 21st century. The U.S. is dependent on TSMC, located in Taiwan, for its most advanced logic chips. This is problematic as China claims Taiwan is a province of China.

 How to Find a Market? Use Jobs-To-Be-Done as the Front End of Customer Discovery | File Type: audio/mpeg | Duration: 00:18:24

Modern entrepreneurship began at the turn of the 21st century with the observation that startups aren’t smaller versions of large companies – large companies at their core execute known business models, while startups search for scalable business models. Lean Methodology consists of three tools designed for entrepreneurs building new ventures...

 Technology, Innovation, and Great Power Competition – Class 4- Semiconductors | File Type: audio/mpeg | Duration: 00:09:47

We just completed the fourth week of our new national security class at Stanford – Technology, Innovation and Great Power Competition. Joe Felter, Raj Shah and I designed the class to cover how technology will shape all the elements of national power (America’s influence and footprint on the world stage). In class 1, we learned that national power is the combination of a country’s diplomacy (soft power and alliances), information/intelligence, military power, economic strength, finance, intelligence, and law enforcement. This “whole of government approach” is known by the acronym DIME-FIL. And after two decades focused on counter terrorism, the U.S. is now engaged in great power competition with both China and Russia. In class 2 the class focused on China, the U.S.’s primary great power competitor. China is using all elements of national power: diplomacy (soft power, alliances, coercion), information/ intelligence (using its economic leverage over Hollywood, controlling the Covid narrative), its military might and economic strength (Belt and Road Initiative) as well as exploiting Western finance and technology. China’s goal is to challenge and overturn the U.S.-led liberal international order and replace it with a neo-totalitarian model. The third class focused on Russia, which is asserting itself as a great power challenger. We learned how Russia pursues security and economic interests in parallel with its ideological aims. At times, these objectives complement each other. At other times they clash, Putin’s desire to restore Russia into a great power once again leads to a foreign policy that is opposite the interests of the Russia people. As Putin himself has said, “The collapse of the Soviet Union was a major geopolitical disaster of the century,” and that quote offers a window to his worldview as he tries to remake Russia into a great power once again.” Having covered the elements of national power (DIME-FIL) and China and Russia, the class now shifts to the impact commercial technologies have on DIME-FIL. Today’s topic – Semiconductors.

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