Ep. 829: Steve Blank Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 3 January 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Steve Blank, a Silicon Valley entrepreneur based in Pescadero, California. Blank is recognized for developing the customer development method that launched the lean startup movement, a methodology which recognized that startups are not smaller versions of large companies, but require their own set of processes and tools to be successful. His Lean Launchpad class (taught as the National Science Foundation Innovation Corps) has become the standard for commercialization for all federal research. Blank writes and teaches about customer development and the lean startup method. He is an adjunct professor of entrepreneurship at Stanford; lectures at the UC Berkeley Haas School of Business, and is a senior fellow at Columbia University. He has written four books: The Four Steps to the Epiphany, Not All Those Who Wander Are Lost, The Startup Owner’s Manual and Holding a Cat by the Tail.

The topic is entrepreneurship.

In this episode of Trend Following Radio we discuss:

All Things VC and the Lean Startup Method.

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is trend following radio where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.3	The great thing about this podcast is I often find myself in conversation with these tremendous
0:41.2	achievers, legends in their fields. And I was not aware. I was not aware because perhaps I just was not
0:50.7	studied enough. But then again, the world is a big place.
0:55.0	Sometimes it's difficult to know all of the achievers, even if they are some of the highest
0:59.9	achievers.
1:01.7	My guest today is one of those individuals.
1:04.6	Steve Blank, Silicon Valley entrepreneur, really the guy that set the lean startup movement in motion I don't know how many
1:15.3	different companies he has started some of them quite successful he has gone on to teach
1:22.5	entrepreneurship at Stanford and the part that I'm really jealous, because I've not had a chance to do this and
1:29.6	I just think it would be fun.
1:31.7	The college commencement addresses he gives.
1:34.8	Such a down-to-earth perspective.
1:38.8	And big picture, I love the fact that Steve really started essentially with nothing.
1:46.0	So for all of you out there that have excuses, I got to have this, I got to have that,
1:52.1	you're just telling yourself a story.
1:55.3	So if you want to be inspired by a guy that made it, a guy that just picked himself up and said, let's go do it, then give
2:03.6	this episode a listen. If you're convinced that you can't do it because you were born into
2:10.3	the wrong family or you don't have enough money or whatever other excuse you have, please, please, please delete this podcast from your phone,
	...

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