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Entrepreneurial Thought Leaders (ETL)

Steve Blank (Stanford Engineering) - Retooling Early Stage Development

Entrepreneurial Thought Leaders (ETL)

Stanford eCorner

Business, Life Lessons, Creativity, Startups, Strategy, Thought Leadership, Education, Stanford University, Leadership, Challenges, Journey, Culture, Etl, Innovation, Founders, Stanford, Entrepreneurship

4.5740 Ratings

🗓️ 1 October 2008

⏱️ 57 minutes

🧾️ Download transcript

Summary

Ninety-percent of Silicon Valley's start-ups fail not because of faulty product, but because they don't tap the right market and they don't know their customer. Well-seasoned serial entrepreneur Steve Blank drafts a new model for plotting the path between good idea and market success.

Transcript

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0:00.0

You were listening to the Entrepreneurial Thought Leader series, brought to you weekly by the Stanford Technology Ventures Program.

0:10.0

You can find podcasts and video clips of these lectures online at edcorner.

0:15.0

Stanford.edu.

0:17.0

It is my sincere pleasure to introduce our first speaker of the year, first speaker of the quarter.

0:25.4

Steve Blank. Steve is a fabulous person. In fact, I had an opportunity to spending the last hour with him chatting about his career, and I promise you this is going to be incredibly enlightening talk.

0:35.6

Steve has been an entrepreneur for 30 years.

0:38.3

He's been involved with eight startups.

0:40.7

And I believe that four of them, he has been a founder

0:43.8

or on the founding team.

0:44.8

So he has lots of different experience,

0:46.6

both of fabulous successes and some interesting failures

0:49.6

along the way as well.

0:51.1

And he has recently, rather recently retired from that, but he's doing

0:56.3

a tremendous number of other things. He works here as part of the Stanford Technology

1:01.1

Ventures program as a professor, as a consulting professor. In addition, he does a lot of

1:05.4

community service. He is the chairman of the California Audubon Society and also

1:10.5

Governor Schwarzenegger appointed him to the Coastal Commission.

1:13.2

So I'm sure you'll hear about some of these things.

1:15.1

Without further ado, Steve Blank.

1:17.1

Thank you.

1:21.9

Thank you, Tina.

1:23.5

Though when listening to that introduction, it makes me realize that eight startups, 30 years,

...

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