4.6 • 667 Ratings
🗓️ 30 June 2021
⏱️ 70 minutes
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0:00.0 | In my years of entrepreneurship, I've seen countless startups. And here's the truth. |
0:07.3 | Smart spending drives growth, which is something Brex has championed. Brex isn't just a corporate credit |
0:14.0 | card. It's a strategic tool to help your company achieve peak performance. Corporate cards, banking, expense management, all integrated |
0:24.1 | on an AI-powered platform that turns every dollar into opportunity. In fact, 30,000 companies |
0:32.9 | are trusting Brex to help them win. Go to brex.com slash grow to learn more. |
0:44.4 | I'm Guy Kawasaki and this is remarkable people. This episode's remarkable guest is Steve Blank. |
0:56.2 | Steve attended the University of Michigan for one semester and then joined the military. |
1:01.6 | After the Vietnam War, he moved to Silicon Valley and has been involved with tech companies including Xilog, MIPS computers, Convergent Technologies, Super Mac, ESL, Ardent, Rocket Science Games, |
1:15.3 | and Epiphany. To put it mildly, he truly understands high-tech entrepreneurship because he's |
1:21.7 | been there and done that, as opposed to studied that, or passively invested and advised that. |
1:29.6 | He created the methodology called customer development that led to the lean startup movement |
1:35.0 | popularized by his student Eric Reese. |
1:38.3 | The gist of the lean startup movement is to deeply understand customer problems, build minimal |
1:44.0 | viable products, and get these products |
1:46.4 | quickly and inexpensively to market to validate the business hypotheses. |
1:52.1 | Key practices include a short and simple business model canvas instead of an intricate business |
1:58.7 | plan, getting out of the building to solicit real-world |
2:02.4 | feedback, agile product development involving iterative and incremental changes, aka MVP's, |
2:10.5 | minimum viable products. Steve is the author of three books, The Four Steps to the Epiphany, |
2:17.3 | Not All Those Who Wander Are Lost, |
2:20.1 | Holding a Cat by the Tail. He also co-authored the startup owner's manual with Bob Dorf, |
2:26.5 | and he teaches at Stanford and Columbia. In short, there are not many people who know more |
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