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: The Business Model Canvas – to write down all […]
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I first met Shawn Carolan and his wife Jennifer at the turn of the century at 11,000 feet. I was hiking with my kids between the Yosemite High Sierra camps. Having just retired from a career as an entrepreneur I had started thinking about why startups were different from large companies. The ideas were bouncing around […]
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Over the weekend I got asked the best way to teach students the principles of Lean via Zoom. One of the key lessons from our Educators Conference is that when teaching online complex information needs to be delivered to students in small, easily processed parts. I realized that pre-pandemic I had put together a series […]
Filed under: Customer Development, Teaching | 2 Comments »
There are no facts inside your building, so get the heck outside I just had a call with Lorenz, a former business school student who started a job at a biotech startup making bacteria to take CO2 out of the air. His job was to find new commercial markets for this bacteria at scale. And […]
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A week ago I got invited to an “innovation hero” award ceremony at a government agency. I don’t know how many of these I’ve been to in the last couple years, but this one just made my head explode. The award was for an entrepreneur who worked against all odds to buck the system to […]
Filed under: Customer Development | 9 Comments »
The Covid-19 virus is not politically correct. It discriminates against the old and the unhealthy. The biggest risk factor in dying from the virus is age. If you’re 60 to 70 years old, you’re 30 times more likely to die from Covid-19 than if you’re under 40. And if you’re over 80, you’re 180 times […]
Filed under: Covid-19/Recovery | 34 Comments »
A version of this article appeared in TechCrunch. With in-person classes canceled, we’re about to start our online versions of Hacking for Defense and Hacking for Oceans (and here). The classes are built on the Lean Startup methodology: Customer Discovery, Agile Engineering and the Business/Mission Model Canvas. So how do our students get out of […]
Filed under: Covid-19/Recovery, Hacking for Recovery | 21 Comments »
This article previously appeared in the Harvard Business Review. It’s been updated with new information about the U.S. Paycheck Protection program and the Economic Injury Disaster Loan program. What cashflow-negative companies must do to survive We’re in uncharted territory with the Covid-19 pandemic. But it’s increasingly looking grim. Companies that outlast this crisis will have […]
Filed under: Covid-19/Recovery, Harvard Business Review, Venture Capital | 6 Comments »
We just held our eighth session of our new national security class Technology, Innovation and Modern War. Joe Felter, Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. Today’s topic was Artificial Intelligence and Modern […]
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We just held our sixth session of our new national security class Technology, Innovation and Modern War. Joe Felter, Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. Today’s topic was Innovations in Acquiring Technologies […]
Filed under: Air Force, National Security, Technology Innovation and Modern War | Leave a Comment »
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