CINXE.COM

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">   <html xmlns="http://www.w3.org/1999/xhtml" lang="en-US">  <head profile="http://gmpg.org/xfn/11"> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <title>Steve Blank Innovation and Entrepreneurship November 2011</title> <link rel="pingback" href="https://steveblank.com/xmlrpc.php" /> <meta name='robots' content='max-image-preview:large' /> <style>img:is([sizes="auto" i], [sizes^="auto," i]) { contain-intrinsic-size: 3000px 1500px }</style>  <meta name="google-site-verification" content="NzQX03n5c3BUqAOH2ZZeaOzmFxIKopb99y0xo7ymJ7w" /> <meta name="msvalidate.01" content="77BB8773D8C1446AC1C1A19B8355A369" /> <link rel='dns-prefetch' href='//secure.gravatar.com' /> <link rel='dns-prefetch' href='//stats.wp.com' /> <link rel='dns-prefetch' href='//widgets.wp.com' /> <link rel='dns-prefetch' href='//jetpack.wordpress.com' /> <link rel='dns-prefetch' href='//s0.wp.com' /> <link rel='dns-prefetch' href='//public-api.wordpress.com' /> <link rel='dns-prefetch' href='//0.gravatar.com' /> <link rel='dns-prefetch' href='//1.gravatar.com' /> <link rel='dns-prefetch' href='//2.gravatar.com' /> <link rel='preconnect' href='//i0.wp.com' /> <link rel='preconnect' href='//c0.wp.com' /> <link rel="alternate" type="application/rss+xml" title="Steve Blank » Feed" href="https://steveblank.com/feed/" /> <link rel="alternate" type="application/rss+xml" title="Steve Blank » Comments Feed" href="https://steveblank.com/comments/feed/" /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/steveblank.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.7.2"}}; /*! This file is auto-generated */ !function(i,n){var o,s,e;function c(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(o,JSON.stringify(t))}catch(e){}}function p(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data),r=(e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0),new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data));return t.every(function(e,t){return e===r[t]})}function u(e,t,n){switch(t){case"flag":return n(e,"\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f","\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f")?!1:!n(e,"\ud83c\uddfa\ud83c\uddf3","\ud83c\uddfa\u200b\ud83c\uddf3")&&!n(e,"\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f","\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f");case"emoji":return!n(e,"\ud83d\udc26\u200d\u2b1b","\ud83d\udc26\u200b\u2b1b")}return!1}function f(e,t,n){var r="undefined"!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):i.createElement("canvas"),a=r.getContext("2d",{willReadFrequently:!0}),o=(a.textBaseline="top",a.font="600 32px Arial",{});return e.forEach(function(e){o[e]=t(a,e,n)}),o}function t(e){var t=i.createElement("script");t.src=e,t.defer=!0,i.head.appendChild(t)}"undefined"!=typeof Promise&&(o="wpEmojiSettingsSupports",s=["flag","emoji"],n.supports={everything:!0,everythingExceptFlag:!0},e=new Promise(function(e){i.addEventListener("DOMContentLoaded",e,{once:!0})}),new Promise(function(t){var n=function(){try{var e=JSON.parse(sessionStorage.getItem(o));if("object"==typeof e&&"number"==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&"object"==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if("undefined"!=typeof Worker&&"undefined"!=typeof OffscreenCanvas&&"undefined"!=typeof URL&&URL.createObjectURL&&"undefined"!=typeof Blob)try{var e="postMessage("+f.toString()+"("+[JSON.stringify(s),u.toString(),p.toString()].join(",")+"));",r=new Blob([e],{type:"text/javascript"}),a=new Worker(URL.createObjectURL(r),{name:"wpTestEmojiSupports"});return void(a.onmessage=function(e){c(n=e.data),a.terminate(),t(n)})}catch(e){}c(n=f(s,u,p))}t(n)}).then(function(e){for(var t in e)n.supports[t]=e[t],n.supports.everything=n.supports.everything&&n.supports[t],"flag"!==t&&(n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&n.supports[t]);n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&!n.supports.flag,n.DOMReady=!1,n.readyCallback=function(){n.DOMReady=!0}}).then(function(){return e}).then(function(){var e;n.supports.everything||(n.readyCallback(),(e=n.source||{}).concatemoji?t(e.concatemoji):e.wpemoji&&e.twemoji&&(t(e.twemoji),t(e.wpemoji)))}))}((window,document),window._wpemojiSettings); /* ]]> */ </script> <link rel='stylesheet' id='all-css-cb7ade03dc0ef7ebc2e1117796e7d27c' href='https://steveblank.com/_static/??-eJydUdtuwyAM/aFRtkVV1YdqnzI5YFEv5iIMivj7kqqV0j5sWV8Qh3PRwZ6TomC4WhRtRLQlKXrkaCbFNGbITUtpjDtPYdcFb/PK8CPaoyVARo+hPIDE0DArRgembXJ3bo3XHhNDWSTl3KmlpHPDrdeTInF1FHo4lgRm0j7aysvfIMcqyFpmSr3XWIN9wX0j1P1ha0AhRqscMGOf6C9oayDT1M9/jUDqKCZTKhTDE9occYaMFqxt1ysF95fzu69bSzQErDi6KA/gvuMvf/o4DO/H437/OVwAUzb8iA==' type='text/css' media='all' /> <style id='wp-block-library-inline-css'> .has-text-align-justify{text-align:justify;} </style> <style id='wp-emoji-styles-inline-css'> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 0.07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <style id='jetpack-sharing-buttons-style-inline-css'> .jetpack-sharing-buttons__services-list{display:flex;flex-direction:row;flex-wrap:wrap;gap:0;list-style-type:none;margin:5px;padding:0}.jetpack-sharing-buttons__services-list.has-small-icon-size{font-size:12px}.jetpack-sharing-buttons__services-list.has-normal-icon-size{font-size:16px}.jetpack-sharing-buttons__services-list.has-large-icon-size{font-size:24px}.jetpack-sharing-buttons__services-list.has-huge-icon-size{font-size:36px}@media print{.jetpack-sharing-buttons__services-list{display:none!important}}.editor-styles-wrapper .wp-block-jetpack-sharing-buttons{gap:0;padding-inline-start:0}ul.jetpack-sharing-buttons__services-list.has-background{padding:1.25em 2.375em} </style> <style id='classic-theme-styles-inline-css'> /*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} </style> <style id='global-styles-inline-css'> :root{--wp--preset--aspect-ratio--square: 1;--wp--preset--aspect-ratio--4-3: 4/3;--wp--preset--aspect-ratio--3-4: 3/4;--wp--preset--aspect-ratio--3-2: 3/2;--wp--preset--aspect-ratio--2-3: 2/3;--wp--preset--aspect-ratio--16-9: 16/9;--wp--preset--aspect-ratio--9-16: 9/16;--wp--preset--color--black: #000000;--wp--preset--color--cyan-bluish-gray: #abb8c3;--wp--preset--color--white: #ffffff;--wp--preset--color--pale-pink: #f78da7;--wp--preset--color--vivid-red: #cf2e2e;--wp--preset--color--luminous-vivid-orange: #ff6900;--wp--preset--color--luminous-vivid-amber: #fcb900;--wp--preset--color--light-green-cyan: #7bdcb5;--wp--preset--color--vivid-green-cyan: #00d084;--wp--preset--color--pale-cyan-blue: #8ed1fc;--wp--preset--color--vivid-cyan-blue: #0693e3;--wp--preset--color--vivid-purple: #9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);--wp--preset--gradient--cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);--wp--preset--gradient--blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);--wp--preset--gradient--blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);--wp--preset--gradient--luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);--wp--preset--gradient--pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);--wp--preset--gradient--electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);--wp--preset--gradient--midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);--wp--preset--font-size--small: 13px;--wp--preset--font-size--medium: 20px;--wp--preset--font-size--large: 36px;--wp--preset--font-size--x-large: 42px;--wp--preset--font-family--albert-sans: 'Albert Sans', sans-serif;--wp--preset--font-family--alegreya: Alegreya, serif;--wp--preset--font-family--arvo: Arvo, serif;--wp--preset--font-family--bodoni-moda: 'Bodoni Moda', serif;--wp--preset--font-family--bricolage-grotesque: 'Bricolage Grotesque', sans-serif;--wp--preset--font-family--cabin: Cabin, sans-serif;--wp--preset--font-family--chivo: Chivo, sans-serif;--wp--preset--font-family--commissioner: Commissioner, sans-serif;--wp--preset--font-family--cormorant: Cormorant, serif;--wp--preset--font-family--courier-prime: 'Courier Prime', monospace;--wp--preset--font-family--crimson-pro: 'Crimson Pro', serif;--wp--preset--font-family--dm-mono: 'DM Mono', monospace;--wp--preset--font-family--dm-sans: 'DM Sans', sans-serif;--wp--preset--font-family--dm-serif-display: 'DM Serif Display', serif;--wp--preset--font-family--domine: Domine, serif;--wp--preset--font-family--eb-garamond: 'EB Garamond', serif;--wp--preset--font-family--epilogue: Epilogue, sans-serif;--wp--preset--font-family--fahkwang: Fahkwang, sans-serif;--wp--preset--font-family--figtree: Figtree, sans-serif;--wp--preset--font-family--fira-sans: 'Fira Sans', sans-serif;--wp--preset--font-family--fjalla-one: 'Fjalla One', sans-serif;--wp--preset--font-family--fraunces: Fraunces, serif;--wp--preset--font-family--gabarito: Gabarito, system-ui;--wp--preset--font-family--ibm-plex-mono: 'IBM Plex Mono', monospace;--wp--preset--font-family--ibm-plex-sans: 'IBM Plex Sans', sans-serif;--wp--preset--font-family--ibarra-real-nova: 'Ibarra Real Nova', serif;--wp--preset--font-family--instrument-serif: 'Instrument Serif', serif;--wp--preset--font-family--inter: Inter, sans-serif;--wp--preset--font-family--josefin-sans: 'Josefin Sans', sans-serif;--wp--preset--font-family--jost: Jost, sans-serif;--wp--preset--font-family--libre-baskerville: 'Libre Baskerville', serif;--wp--preset--font-family--libre-franklin: 'Libre Franklin', sans-serif;--wp--preset--font-family--literata: Literata, serif;--wp--preset--font-family--lora: Lora, serif;--wp--preset--font-family--merriweather: Merriweather, serif;--wp--preset--font-family--montserrat: Montserrat, sans-serif;--wp--preset--font-family--newsreader: Newsreader, serif;--wp--preset--font-family--noto-sans-mono: 'Noto Sans Mono', sans-serif;--wp--preset--font-family--nunito: Nunito, sans-serif;--wp--preset--font-family--open-sans: 'Open Sans', sans-serif;--wp--preset--font-family--overpass: Overpass, sans-serif;--wp--preset--font-family--pt-serif: 'PT Serif', serif;--wp--preset--font-family--petrona: Petrona, serif;--wp--preset--font-family--piazzolla: Piazzolla, serif;--wp--preset--font-family--playfair-display: 'Playfair Display', serif;--wp--preset--font-family--plus-jakarta-sans: 'Plus Jakarta Sans', sans-serif;--wp--preset--font-family--poppins: Poppins, sans-serif;--wp--preset--font-family--raleway: Raleway, sans-serif;--wp--preset--font-family--roboto: Roboto, sans-serif;--wp--preset--font-family--roboto-slab: 'Roboto Slab', serif;--wp--preset--font-family--rubik: Rubik, sans-serif;--wp--preset--font-family--rufina: Rufina, serif;--wp--preset--font-family--sora: Sora, sans-serif;--wp--preset--font-family--source-sans-3: 'Source Sans 3', sans-serif;--wp--preset--font-family--source-serif-4: 'Source Serif 4', serif;--wp--preset--font-family--space-mono: 'Space Mono', monospace;--wp--preset--font-family--syne: Syne, sans-serif;--wp--preset--font-family--texturina: Texturina, serif;--wp--preset--font-family--urbanist: Urbanist, sans-serif;--wp--preset--font-family--work-sans: 'Work Sans', sans-serif;--wp--preset--spacing--20: 0.44rem;--wp--preset--spacing--30: 0.67rem;--wp--preset--spacing--40: 1rem;--wp--preset--spacing--50: 1.5rem;--wp--preset--spacing--60: 2.25rem;--wp--preset--spacing--70: 3.38rem;--wp--preset--spacing--80: 5.06rem;--wp--preset--shadow--natural: 6px 6px 9px rgba(0, 0, 0, 0.2);--wp--preset--shadow--deep: 12px 12px 50px rgba(0, 0, 0, 0.4);--wp--preset--shadow--sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);--wp--preset--shadow--outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);--wp--preset--shadow--crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex > :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid > :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color: var(--wp--preset--color--white) !important;}.has-pale-pink-color{color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;}.has-albert-sans-font-family{font-family: var(--wp--preset--font-family--albert-sans) !important;}.has-alegreya-font-family{font-family: var(--wp--preset--font-family--alegreya) !important;}.has-arvo-font-family{font-family: var(--wp--preset--font-family--arvo) !important;}.has-bodoni-moda-font-family{font-family: var(--wp--preset--font-family--bodoni-moda) !important;}.has-bricolage-grotesque-font-family{font-family: var(--wp--preset--font-family--bricolage-grotesque) !important;}.has-cabin-font-family{font-family: var(--wp--preset--font-family--cabin) !important;}.has-chivo-font-family{font-family: var(--wp--preset--font-family--chivo) !important;}.has-commissioner-font-family{font-family: var(--wp--preset--font-family--commissioner) !important;}.has-cormorant-font-family{font-family: var(--wp--preset--font-family--cormorant) !important;}.has-courier-prime-font-family{font-family: var(--wp--preset--font-family--courier-prime) !important;}.has-crimson-pro-font-family{font-family: var(--wp--preset--font-family--crimson-pro) !important;}.has-dm-mono-font-family{font-family: var(--wp--preset--font-family--dm-mono) !important;}.has-dm-sans-font-family{font-family: var(--wp--preset--font-family--dm-sans) !important;}.has-dm-serif-display-font-family{font-family: var(--wp--preset--font-family--dm-serif-display) !important;}.has-domine-font-family{font-family: var(--wp--preset--font-family--domine) !important;}.has-eb-garamond-font-family{font-family: var(--wp--preset--font-family--eb-garamond) !important;}.has-epilogue-font-family{font-family: var(--wp--preset--font-family--epilogue) !important;}.has-fahkwang-font-family{font-family: var(--wp--preset--font-family--fahkwang) !important;}.has-figtree-font-family{font-family: var(--wp--preset--font-family--figtree) !important;}.has-fira-sans-font-family{font-family: var(--wp--preset--font-family--fira-sans) !important;}.has-fjalla-one-font-family{font-family: var(--wp--preset--font-family--fjalla-one) !important;}.has-fraunces-font-family{font-family: var(--wp--preset--font-family--fraunces) !important;}.has-gabarito-font-family{font-family: var(--wp--preset--font-family--gabarito) !important;}.has-ibm-plex-mono-font-family{font-family: var(--wp--preset--font-family--ibm-plex-mono) !important;}.has-ibm-plex-sans-font-family{font-family: var(--wp--preset--font-family--ibm-plex-sans) !important;}.has-ibarra-real-nova-font-family{font-family: var(--wp--preset--font-family--ibarra-real-nova) !important;}.has-instrument-serif-font-family{font-family: var(--wp--preset--font-family--instrument-serif) !important;}.has-inter-font-family{font-family: var(--wp--preset--font-family--inter) !important;}.has-josefin-sans-font-family{font-family: var(--wp--preset--font-family--josefin-sans) !important;}.has-jost-font-family{font-family: var(--wp--preset--font-family--jost) !important;}.has-libre-baskerville-font-family{font-family: var(--wp--preset--font-family--libre-baskerville) !important;}.has-libre-franklin-font-family{font-family: var(--wp--preset--font-family--libre-franklin) !important;}.has-literata-font-family{font-family: var(--wp--preset--font-family--literata) !important;}.has-lora-font-family{font-family: var(--wp--preset--font-family--lora) !important;}.has-merriweather-font-family{font-family: var(--wp--preset--font-family--merriweather) !important;}.has-montserrat-font-family{font-family: var(--wp--preset--font-family--montserrat) !important;}.has-newsreader-font-family{font-family: var(--wp--preset--font-family--newsreader) !important;}.has-noto-sans-mono-font-family{font-family: var(--wp--preset--font-family--noto-sans-mono) !important;}.has-nunito-font-family{font-family: var(--wp--preset--font-family--nunito) !important;}.has-open-sans-font-family{font-family: var(--wp--preset--font-family--open-sans) !important;}.has-overpass-font-family{font-family: var(--wp--preset--font-family--overpass) !important;}.has-pt-serif-font-family{font-family: var(--wp--preset--font-family--pt-serif) !important;}.has-petrona-font-family{font-family: var(--wp--preset--font-family--petrona) !important;}.has-piazzolla-font-family{font-family: var(--wp--preset--font-family--piazzolla) !important;}.has-playfair-display-font-family{font-family: var(--wp--preset--font-family--playfair-display) !important;}.has-plus-jakarta-sans-font-family{font-family: var(--wp--preset--font-family--plus-jakarta-sans) !important;}.has-poppins-font-family{font-family: var(--wp--preset--font-family--poppins) !important;}.has-raleway-font-family{font-family: var(--wp--preset--font-family--raleway) !important;}.has-roboto-font-family{font-family: var(--wp--preset--font-family--roboto) !important;}.has-roboto-slab-font-family{font-family: var(--wp--preset--font-family--roboto-slab) !important;}.has-rubik-font-family{font-family: var(--wp--preset--font-family--rubik) !important;}.has-rufina-font-family{font-family: var(--wp--preset--font-family--rufina) !important;}.has-sora-font-family{font-family: var(--wp--preset--font-family--sora) !important;}.has-source-sans-3-font-family{font-family: var(--wp--preset--font-family--source-sans-3) !important;}.has-source-serif-4-font-family{font-family: var(--wp--preset--font-family--source-serif-4) !important;}.has-space-mono-font-family{font-family: var(--wp--preset--font-family--space-mono) !important;}.has-syne-font-family{font-family: var(--wp--preset--font-family--syne) !important;}.has-texturina-font-family{font-family: var(--wp--preset--font-family--texturina) !important;}.has-urbanist-font-family{font-family: var(--wp--preset--font-family--urbanist) !important;}.has-work-sans-font-family{font-family: var(--wp--preset--font-family--work-sans) !important;} :where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;} :where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;} :root :where(.wp-block-pullquote){font-size: 1.5em;line-height: 1.6;} </style> <style id='akismet-widget-style-inline-css'> .a-stats { --akismet-color-mid-green: #357b49; --akismet-color-white: #fff; --akismet-color-light-grey: #f6f7f7; max-width: 350px; width: auto; } .a-stats * { all: unset; box-sizing: border-box; } .a-stats strong { font-weight: 600; } .a-stats a.a-stats__link, .a-stats a.a-stats__link:visited, .a-stats a.a-stats__link:active { background: var(--akismet-color-mid-green); border: none; box-shadow: none; border-radius: 8px; color: var(--akismet-color-white); cursor: pointer; display: block; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', 'Roboto', 'Oxygen-Sans', 'Ubuntu', 'Cantarell', 'Helvetica Neue', sans-serif; font-weight: 500; padding: 12px; text-align: center; text-decoration: none; transition: all 0.2s ease; } /* Extra specificity to deal with TwentyTwentyOne focus style */ .widget .a-stats a.a-stats__link:focus { background: var(--akismet-color-mid-green); color: var(--akismet-color-white); text-decoration: none; } .a-stats a.a-stats__link:hover { filter: brightness(110%); box-shadow: 0 4px 12px rgba(0, 0, 0, 0.06), 0 0 2px rgba(0, 0, 0, 0.16); } .a-stats .count { color: var(--akismet-color-white); display: block; font-size: 1.5em; line-height: 1.4; padding: 0 13px; white-space: nowrap; } </style> <style id='jetpack-global-styles-frontend-style-inline-css'> :root { --font-headings: unset; --font-base: unset; --font-headings-default: -apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Oxygen-Sans,Ubuntu,Cantarell,"Helvetica Neue",sans-serif; --font-base-default: -apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Oxygen-Sans,Ubuntu,Cantarell,"Helvetica Neue",sans-serif;} </style> <script type="text/javascript" id="jetpack-mu-wpcom-settings-js-before"> /* <![CDATA[ */ var JETPACK_MU_WPCOM_SETTINGS = {"assetsUrl":"https:\/\/steveblank.com\/wp-content\/mu-plugins\/wpcomsh\/jetpack_vendor\/automattic\/jetpack-mu-wpcom\/src\/build\/"}; /* ]]> */ </script> <link rel="https://api.w.org/" href="https://steveblank.com/wp-json/" /><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://steveblank.com/xmlrpc.php?rsd" /> <style>img#wpstats{display:none}</style> <meta name="description" content="3 posts published by steve blank during November 2011" /> <style type="text/css"> #header h1 a, #header h1 a:hover, #header .description { color: #eb221e; } </style>   <meta property="og:type" content="website" /> <meta property="og:title" content="Steve Blank Innovation and Entrepreneurship November 2011" /> <meta property="og:site_name" content="Steve Blank" /> <meta property="og:image" content="https://s0.wp.com/i/blank.jpg" /> <meta property="og:image:alt" content="" /> <meta property="og:locale" content="en_US" />  <link rel="icon" href="https://s0.wp.com/i/webclip.png" sizes="32x32" /> <link rel="icon" href="https://s0.wp.com/i/webclip.png" sizes="192x192" /> <link rel="apple-touch-icon" href="https://s0.wp.com/i/webclip.png" /> <meta name="msapplication-TileImage" content="https://s0.wp.com/i/webclip.png" />  <script type='text/javascript'> var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-85363375-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' === document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); </script>  </head> <body class="archive date"><div id="container"> <div id="header"> <div id="menu"> <ul id="menu-menu" class="menu"><li id="menu-item-12086" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-home menu-item-12086"><a href="http://steveblank.com">Home</a></li> <li id="menu-item-12085" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12085"><a href="https://steveblank.com/about/">About Steve</a></li> <li id="menu-item-12083" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12083"><a href="https://steveblank.com/books-for-startups/">Startup Books</a></li> <li id="menu-item-12080" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12080"><a href="https://steveblank.com/slides/">Slides/Videos</a></li> <li id="menu-item-25611" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-25611"><a href="https://steveblank.com/raising-money/">Fund Raising</a></li> <li id="menu-item-12082" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12082"><a href="https://steveblank.com/tools-and-blogs-for-entrepreneurs/">Tools!</a></li> <li id="menu-item-12084" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-12084"><a href="https://steveblank.com/secret-history/">Secret History</a></li> </ul> </div> <div id="header-box"> <div id="header-image"> <img src="https://steveblank.com/wp-content/uploads/2009/02/cropped-100_3947-ks-far-away-download10.jpg" alt="" /> </div> <div id="header-overlay"> <img src="https://steveblank.com/wp-content/themes/digg3/images/bg_header_overlay.png" alt="" /> </div> <div id="pagetitle"> <h1><a href="https://steveblank.com/" title="Steve Blank">Steve Blank</a></h1> </div> <div id="syndication"> <a href="https://steveblank.com/feed/" title="Syndicate this site using RSS" class="feed">Entries <abbr title="Really Simple Syndication">RSS</abbr></a> | <a href="https://steveblank.com/comments/feed/" title="Syndicate comments using RSS">Comments RSS</a> </div> <div id="searchbox"> <form method="get" id="searchform" action="https://steveblank.com/"> <div> <input type="text" value="" name="s" id="s" /> <input type="submit" id="searchsubmit" value="Search" /> </div> </form> </div> </div> </div> <div class="pagewrapper"><div id="page">  <div class="obar"> <ul> <li id="blog_subscription-3" class="widget widget_blog_subscription jetpack_subscription_widget"><h2 class="widgettitle">Email Subscription</h2> <div class="wp-block-jetpack-subscriptions__container"> <form action="#" method="post" accept-charset="utf-8" id="subscribe-blog-blog_subscription-3" data-blog="6599589" data-post_access_level="everybody" > <div id="subscribe-text"><p>Enter your email address to subscribe to this blog and receive notifications of new posts by email.</p> </div> <p id="subscribe-email"> <label id="jetpack-subscribe-label" class="screen-reader-text" for="subscribe-field-blog_subscription-3"> Email Address </label> <input type="email" name="email" required="required" value="" id="subscribe-field-blog_subscription-3" placeholder="Email Address" /> </p> <p id="subscribe-submit" > <input type="hidden" name="action" value="subscribe"/> <input type="hidden" name="source" value="https://steveblank.com/2011/11/"/> <input type="hidden" name="sub-type" value="widget"/> <input type="hidden" name="redirect_fragment" value="subscribe-blog-blog_subscription-3"/> <input type="hidden" id="_wpnonce" name="_wpnonce" value="48a6901734" /><input type="hidden" name="_wp_http_referer" value="/2011/11/" /> <button type="submit" class="wp-block-button__link" name="jetpack_subscriptions_widget" > Sign me up! </button> </p> </form> <div class="wp-block-jetpack-subscriptions__subscount"> Join 55.8K other subscribers </div> </div> </li> <li id="categories-356180491" class="widget widget_categories"><h2 class="widgettitle">Categories</h2> <ul> <li class="cat-item cat-item-64203016"><a href="https://steveblank.com/category/2-minute-lessons/">2 Minute Lessons</a> (15) </li> <li class="cat-item cat-item-2450"><a href="https://steveblank.com/category/air-force/">Air Force</a> (19) </li> <li class="cat-item cat-item-1457175"><a href="https://steveblank.com/category/ardent/">Ardent</a> (9) </li> <li class="cat-item cat-item-45014641"><a href="https://steveblank.com/category/business-model-versus-business-plan/">Business Model versus Business Plan</a> (64) </li> <li class="cat-item cat-item-4787488"><a href="https://steveblank.com/category/california-coastal-commission/">California Coastal Commission</a> (9) </li> <li class="cat-item cat-item-1470"><a href="https://steveblank.com/category/china/">China</a> (9) </li> <li class="cat-item cat-item-6987201"><a href="https://steveblank.com/category/commencement-speeches/">Commencement Speeches</a> (9) </li> <li class="cat-item cat-item-23993"><a href="https://steveblank.com/category/conservation/">Conservation</a> (4) </li> <li class="cat-item cat-item-3075385"><a href="https://steveblank.com/category/convergent-technologies/">Convergent Technologies</a> (4) </li> <li class="cat-item cat-item-635806586"><a href="https://steveblank.com/category/corporate-govt-innovation/">Corporate/Gov't Innovation</a> (131) </li> <li class="cat-item cat-item-697702677"><a href="https://steveblank.com/category/covid-19-recovery/">Covid-19/Recovery</a> (10) </li> <li class="cat-item cat-item-1874987"><a href="https://steveblank.com/category/customer-development/">Customer Development</a> (323) </li> <li class="cat-item cat-item-25337102"><a href="https://steveblank.com/category/customer-development-manifesto/">Customer Development Manifesto</a> (34) </li> <li class="cat-item cat-item-16840"><a href="https://steveblank.com/category/epiphany/">E.piphany</a> (13) </li> <li class="cat-item cat-item-697967638"><a href="https://steveblank.com/category/educators-summit/">Educators Summit</a> (7) </li> <li class="cat-item cat-item-697967634"><a href="https://steveblank.com/category/esl/">ESL</a> (8) </li> <li class="cat-item cat-item-64567312"><a href="https://steveblank.com/category/familycareerculture/">Family/Career/Culture</a> (81) </li> <li class="cat-item cat-item-697967641"><a href="https://steveblank.com/category/gordian-knot-center-for-national-security-innovation/">Gordian Knot Center for National Security Innovation</a> (11) </li> <li class="cat-item cat-item-479441927"><a href="https://steveblank.com/category/hacking-for-defense/">Hacking For Defense</a> (41) </li> <li class="cat-item cat-item-526158618"><a href="https://steveblank.com/category/hacking-for-diplomacy/">Hacking for Diplomacy</a> (10) </li> <li class="cat-item cat-item-697967637"><a href="https://steveblank.com/category/hacking-for-recovery/">Hacking for Recovery</a> (5) </li> <li class="cat-item cat-item-105397"><a href="https://steveblank.com/category/harvard-business-review/">Harvard Business Review</a> (12) </li> <li class="cat-item cat-item-684268037"><a href="https://steveblank.com/category/innovation-doctrine/">Innovation Doctrine</a> (3) </li> <li class="cat-item cat-item-340390495"><a href="https://steveblank.com/category/innovation-outposts/">Innovation Outposts</a> (4) </li> <li class="cat-item cat-item-217160777"><a href="https://steveblank.com/category/investment-readiness-level/">Investment Readiness Level</a> (6) </li> <li class="cat-item cat-item-53169179"><a href="https://steveblank.com/category/lean-launchpad/">Lean LaunchPad</a> (117) </li> <li class="cat-item cat-item-261983049"><a href="https://steveblank.com/category/life-sciences-nih/">Life Sciences (NIH)</a> (26) </li> <li class="cat-item cat-item-16879037"><a href="https://steveblank.com/category/market-types/">Market Types</a> (15) </li> <li class="cat-item cat-item-175"><a href="https://steveblank.com/category/marketing/">Marketing</a> (27) </li> <li class="cat-item cat-item-28276971"><a href="https://steveblank.com/category/mips-computers/">MIPS Computers</a> (2) </li> <li class="cat-item cat-item-697967640"><a href="https://steveblank.com/category/national-security/">National Security</a> (41) </li> <li class="cat-item cat-item-2064"><a href="https://steveblank.com/category/navy/">Navy</a> (6) </li> <li class="cat-item cat-item-34826422"><a href="https://steveblank.com/category/nih-national-institutes-of-health/">NIH (National Institutes of Health)</a> (17) </li> <li class="cat-item cat-item-16770755"><a href="https://steveblank.com/category/nsf-national-science-foundation/">NSF (National Science Foundation)</a> (18) </li> <li class="cat-item cat-item-16848661"><a href="https://steveblank.com/category/rocket-science-games/">Rocket Science Games</a> (10) </li> <li class="cat-item cat-item-137272104"><a href="https://steveblank.com/category/science-and-industrial-policy/">Science and Industrial Policy</a> (27) </li> <li class="cat-item cat-item-16849552"><a href="https://steveblank.com/category/secret-history-of-silicon-valley/">Secret History of Silicon Valley</a> (26) </li> <li class="cat-item cat-item-50184180"><a href="https://steveblank.com/category/siriusxm-radio-show/">SiriusXM Radio Show</a> (50) </li> <li class="cat-item cat-item-235742"><a href="https://steveblank.com/category/supermac/">SuperMac</a> (12) </li> <li class="cat-item cat-item-1591"><a href="https://steveblank.com/category/teaching/">Teaching</a> (178) </li> <li class="cat-item cat-item-6"><a href="https://steveblank.com/category/technology/">Technology</a> (86) </li> <li class="cat-item cat-item-697967636"><a href="https://steveblank.com/category/technology-innovation-and-modern-war/">Technology Innovation and Great Power Competition</a> (17) </li> <li class="cat-item cat-item-697967642"><a href="https://steveblank.com/category/technology-innovation-and-modern-war-2/">Technology Innovation and Modern War</a> (20) </li> <li class="cat-item cat-item-429989"><a href="https://steveblank.com/category/tesla/">Tesla</a> (5) </li> <li class="cat-item cat-item-1"><a href="https://steveblank.com/category/uncategorized/">Uncategorized</a> (8) </li> <li class="cat-item cat-item-202"><a href="https://steveblank.com/category/venture-capital/">Venture Capital</a> (82) </li> <li class="cat-item cat-item-1087649"><a href="https://steveblank.com/category/vertical-markets/">Vertical Markets</a> (5) </li> <li class="cat-item cat-item-715437"><a href="https://steveblank.com/category/zilog/">Zilog</a> (5) </li> </ul> </li> <li id="rss_links-3" class="widget widget_rss_links"><h2 class="widgettitle">Get Steve Blank via your RSS Feed</h2> <ul><li><a target="_self" href="https://steveblank.com/feed/" title="Subscribe to posts">RSS - Posts</a></li><li><a target="_self" href="https://steveblank.com/comments/feed/" title="Subscribe to comments">RSS - Comments</a></li></ul> </li> <li id="recent-posts-2" class="widget widget_recent_entries"> <h2 class="widgettitle">Recent Posts</h2> <ul> <li> <a href="https://steveblank.com/2024/12/03/how-to-flip-the-script-and-beat-china-and-russia-and-fix-the-broken-department-of-defense/">How to Flip the Script, Beat China and Russia – And Fix the Broken Department of Defense</a> </li> <li> <a href="https://steveblank.com/2024/10/22/quantum-computing-an-update/">Quantum Computing – An Update</a> </li> <li> <a href="https://steveblank.com/2024/10/08/how-saboteurs-threaten-innovation-and-what-to-do-about-it/">How Saboteurs Threaten Innovation–and What to Do About It</a> </li> <li> <a href="https://steveblank.com/2024/10/05/what-does-product-market-fit-sound-like-this/">What Does Product Market Fit Sound Like? This.</a> </li> <li> <a href="https://steveblank.com/2024/09/17/the-directory-of-dod-program-executive-offices-and-officers-peos/">How To Find Your Customer In the Dept of Defense – The Directory of DoD Program Executive Offices</a> </li> <li> <a href="https://steveblank.com/2024/08/13/security-clearances-at-the-speed-of-startups/">Security Clearances at the Speed of Startups</a> </li> <li> <a href="https://steveblank.com/2024/07/30/why-large-organizations-struggle-with-disruption-and-what-to-do-about-it/">Why Large Organizations Struggle With Disruption, and What to Do About It</a> </li> <li> <a href="https://steveblank.com/2024/06/27/lean-launchpad-stanford-2024-8-teams-in-8-companies-out/">Lean LaunchPad @Stanford 2024 – 8 Teams In, 8 Companies Out</a> </li> <li> <a href="https://steveblank.com/2024/06/24/hacking-for-defense-stanford-2024-lessons-learned-presentations/">Hacking for Defense @ Stanford 2024 – Lessons Learned Presentations</a> </li> <li> <a href="https://steveblank.com/2024/06/03/youre-invited-hacking-for-defense-and-lean-launchpad-final-presentations/">You’re Invited: Hacking for Defense and Lean LaunchPad Final Presentations</a> </li> </ul> </li> <li id="search-2" class="widget widget_search"><form method="get" id="searchform" action="https://steveblank.com/"> <div> <input type="text" value="" name="s" id="s" /> <input type="submit" id="searchsubmit" value="Search" /> </div> </form></li> <li id="archives-2" class="widget widget_archive"><h2 class="widgettitle">Archives</h2> <ul> <li><a href='https://steveblank.com/2024/12/'>December 2024</a></li> <li><a href='https://steveblank.com/2024/10/'>October 2024</a></li> <li><a href='https://steveblank.com/2024/09/'>September 2024</a></li> <li><a href='https://steveblank.com/2024/08/'>August 2024</a></li> <li><a href='https://steveblank.com/2024/07/'>July 2024</a></li> <li><a href='https://steveblank.com/2024/06/'>June 2024</a></li> <li><a href='https://steveblank.com/2024/05/'>May 2024</a></li> <li><a href='https://steveblank.com/2024/04/'>April 2024</a></li> <li><a href='https://steveblank.com/2024/03/'>March 2024</a></li> <li><a href='https://steveblank.com/2024/02/'>February 2024</a></li> <li><a href='https://steveblank.com/2024/01/'>January 2024</a></li> <li><a href='https://steveblank.com/2023/12/'>December 2023</a></li> <li><a href='https://steveblank.com/2023/11/'>November 2023</a></li> <li><a href='https://steveblank.com/2023/10/'>October 2023</a></li> <li><a href='https://steveblank.com/2023/09/'>September 2023</a></li> <li><a href='https://steveblank.com/2023/08/'>August 2023</a></li> <li><a href='https://steveblank.com/2023/07/'>July 2023</a></li> <li><a href='https://steveblank.com/2023/04/'>April 2023</a></li> <li><a href='https://steveblank.com/2023/02/'>February 2023</a></li> <li><a href='https://steveblank.com/2023/01/'>January 2023</a></li> <li><a href='https://steveblank.com/2022/11/'>November 2022</a></li> <li><a href='https://steveblank.com/2022/10/'>October 2022</a></li> <li><a href='https://steveblank.com/2022/09/'>September 2022</a></li> <li><a href='https://steveblank.com/2022/06/'>June 2022</a></li> <li><a href='https://steveblank.com/2022/05/'>May 2022</a></li> <li><a href='https://steveblank.com/2022/04/'>April 2022</a></li> <li><a href='https://steveblank.com/2022/03/'>March 2022</a></li> <li><a href='https://steveblank.com/2022/01/'>January 2022</a></li> <li><a href='https://steveblank.com/2021/12/'>December 2021</a></li> <li><a href='https://steveblank.com/2021/11/'>November 2021</a></li> <li><a href='https://steveblank.com/2021/10/'>October 2021</a></li> <li><a href='https://steveblank.com/2021/09/'>September 2021</a></li> <li><a href='https://steveblank.com/2021/08/'>August 2021</a></li> <li><a href='https://steveblank.com/2021/07/'>July 2021</a></li> <li><a href='https://steveblank.com/2021/06/'>June 2021</a></li> <li><a href='https://steveblank.com/2021/05/'>May 2021</a></li> <li><a href='https://steveblank.com/2021/04/'>April 2021</a></li> <li><a href='https://steveblank.com/2021/03/'>March 2021</a></li> <li><a href='https://steveblank.com/2021/02/'>February 2021</a></li> <li><a href='https://steveblank.com/2021/01/'>January 2021</a></li> <li><a href='https://steveblank.com/2020/12/'>December 2020</a></li> <li><a href='https://steveblank.com/2020/11/'>November 2020</a></li> <li><a href='https://steveblank.com/2020/10/'>October 2020</a></li> <li><a href='https://steveblank.com/2020/09/'>September 2020</a></li> <li><a href='https://steveblank.com/2020/08/'>August 2020</a></li> <li><a href='https://steveblank.com/2020/07/'>July 2020</a></li> <li><a href='https://steveblank.com/2020/06/'>June 2020</a></li> <li><a href='https://steveblank.com/2020/05/'>May 2020</a></li> <li><a href='https://steveblank.com/2020/04/'>April 2020</a></li> <li><a href='https://steveblank.com/2020/03/'>March 2020</a></li> <li><a href='https://steveblank.com/2020/02/'>February 2020</a></li> <li><a href='https://steveblank.com/2020/01/'>January 2020</a></li> <li><a href='https://steveblank.com/2019/12/'>December 2019</a></li> <li><a href='https://steveblank.com/2019/11/'>November 2019</a></li> <li><a href='https://steveblank.com/2019/10/'>October 2019</a></li> <li><a href='https://steveblank.com/2019/09/'>September 2019</a></li> <li><a href='https://steveblank.com/2019/06/'>June 2019</a></li> <li><a href='https://steveblank.com/2019/05/'>May 2019</a></li> <li><a href='https://steveblank.com/2019/04/'>April 2019</a></li> <li><a href='https://steveblank.com/2019/03/'>March 2019</a></li> <li><a href='https://steveblank.com/2019/01/'>January 2019</a></li> <li><a href='https://steveblank.com/2018/12/'>December 2018</a></li> <li><a href='https://steveblank.com/2018/11/'>November 2018</a></li> <li><a href='https://steveblank.com/2018/10/'>October 2018</a></li> <li><a href='https://steveblank.com/2018/09/'>September 2018</a></li> <li><a href='https://steveblank.com/2018/08/'>August 2018</a></li> <li><a href='https://steveblank.com/2018/07/'>July 2018</a></li> <li><a href='https://steveblank.com/2018/06/'>June 2018</a></li> <li><a href='https://steveblank.com/2018/04/'>April 2018</a></li> <li><a href='https://steveblank.com/2018/03/'>March 2018</a></li> <li><a href='https://steveblank.com/2018/02/'>February 2018</a></li> <li><a href='https://steveblank.com/2018/01/'>January 2018</a></li> <li><a href='https://steveblank.com/2017/11/'>November 2017</a></li> <li><a href='https://steveblank.com/2017/10/'>October 2017</a></li> <li><a href='https://steveblank.com/2017/09/'>September 2017</a></li> <li><a href='https://steveblank.com/2017/08/'>August 2017</a></li> <li><a href='https://steveblank.com/2017/07/'>July 2017</a></li> <li><a href='https://steveblank.com/2017/06/'>June 2017</a></li> <li><a href='https://steveblank.com/2017/05/'>May 2017</a></li> <li><a href='https://steveblank.com/2017/04/'>April 2017</a></li> <li><a href='https://steveblank.com/2017/03/'>March 2017</a></li> <li><a href='https://steveblank.com/2017/02/'>February 2017</a></li> <li><a href='https://steveblank.com/2017/01/'>January 2017</a></li> <li><a href='https://steveblank.com/2016/12/'>December 2016</a></li> <li><a href='https://steveblank.com/2016/11/'>November 2016</a></li> <li><a href='https://steveblank.com/2016/10/'>October 2016</a></li> <li><a href='https://steveblank.com/2016/09/'>September 2016</a></li> <li><a href='https://steveblank.com/2016/08/'>August 2016</a></li> <li><a href='https://steveblank.com/2016/07/'>July 2016</a></li> <li><a href='https://steveblank.com/2016/06/'>June 2016</a></li> <li><a href='https://steveblank.com/2016/05/'>May 2016</a></li> <li><a href='https://steveblank.com/2016/04/'>April 2016</a></li> <li><a href='https://steveblank.com/2016/03/'>March 2016</a></li> <li><a href='https://steveblank.com/2016/02/'>February 2016</a></li> <li><a href='https://steveblank.com/2016/01/'>January 2016</a></li> <li><a href='https://steveblank.com/2015/12/'>December 2015</a></li> <li><a href='https://steveblank.com/2015/11/'>November 2015</a></li> <li><a href='https://steveblank.com/2015/10/'>October 2015</a></li> <li><a href='https://steveblank.com/2015/09/'>September 2015</a></li> <li><a href='https://steveblank.com/2015/08/'>August 2015</a></li> <li><a href='https://steveblank.com/2015/07/'>July 2015</a></li> <li><a href='https://steveblank.com/2015/06/'>June 2015</a></li> <li><a href='https://steveblank.com/2015/05/'>May 2015</a></li> <li><a href='https://steveblank.com/2015/03/'>March 2015</a></li> <li><a href='https://steveblank.com/2015/02/'>February 2015</a></li> <li><a href='https://steveblank.com/2015/01/'>January 2015</a></li> <li><a href='https://steveblank.com/2014/12/'>December 2014</a></li> <li><a href='https://steveblank.com/2014/11/'>November 2014</a></li> <li><a href='https://steveblank.com/2014/10/'>October 2014</a></li> <li><a href='https://steveblank.com/2014/09/'>September 2014</a></li> <li><a href='https://steveblank.com/2014/08/'>August 2014</a></li> <li><a href='https://steveblank.com/2014/07/'>July 2014</a></li> <li><a href='https://steveblank.com/2014/06/'>June 2014</a></li> <li><a href='https://steveblank.com/2014/05/'>May 2014</a></li> <li><a href='https://steveblank.com/2014/04/'>April 2014</a></li> <li><a href='https://steveblank.com/2014/03/'>March 2014</a></li> <li><a href='https://steveblank.com/2014/02/'>February 2014</a></li> <li><a href='https://steveblank.com/2014/01/'>January 2014</a></li> <li><a href='https://steveblank.com/2013/12/'>December 2013</a></li> <li><a href='https://steveblank.com/2013/11/'>November 2013</a></li> <li><a href='https://steveblank.com/2013/10/'>October 2013</a></li> <li><a href='https://steveblank.com/2013/09/'>September 2013</a></li> <li><a href='https://steveblank.com/2013/08/'>August 2013</a></li> <li><a href='https://steveblank.com/2013/07/'>July 2013</a></li> <li><a href='https://steveblank.com/2013/06/'>June 2013</a></li> <li><a href='https://steveblank.com/2013/05/'>May 2013</a></li> <li><a href='https://steveblank.com/2013/04/'>April 2013</a></li> <li><a href='https://steveblank.com/2013/03/'>March 2013</a></li> <li><a href='https://steveblank.com/2013/02/'>February 2013</a></li> <li><a href='https://steveblank.com/2013/01/'>January 2013</a></li> <li><a href='https://steveblank.com/2012/12/'>December 2012</a></li> <li><a href='https://steveblank.com/2012/11/'>November 2012</a></li> <li><a href='https://steveblank.com/2012/10/'>October 2012</a></li> <li><a href='https://steveblank.com/2012/09/'>September 2012</a></li> <li><a href='https://steveblank.com/2012/08/'>August 2012</a></li> <li><a href='https://steveblank.com/2012/07/'>July 2012</a></li> <li><a href='https://steveblank.com/2012/06/'>June 2012</a></li> <li><a href='https://steveblank.com/2012/05/'>May 2012</a></li> <li><a href='https://steveblank.com/2012/04/'>April 2012</a></li> <li><a href='https://steveblank.com/2012/03/'>March 2012</a></li> <li><a href='https://steveblank.com/2012/02/'>February 2012</a></li> <li><a href='https://steveblank.com/2012/01/'>January 2012</a></li> <li><a href='https://steveblank.com/2011/12/'>December 2011</a></li> <li><a href='https://steveblank.com/2011/11/' aria-current="page">November 2011</a></li> <li><a href='https://steveblank.com/2011/10/'>October 2011</a></li> <li><a href='https://steveblank.com/2011/09/'>September 2011</a></li> <li><a href='https://steveblank.com/2011/08/'>August 2011</a></li> <li><a href='https://steveblank.com/2011/07/'>July 2011</a></li> <li><a href='https://steveblank.com/2011/06/'>June 2011</a></li> <li><a href='https://steveblank.com/2011/05/'>May 2011</a></li> <li><a href='https://steveblank.com/2011/04/'>April 2011</a></li> <li><a href='https://steveblank.com/2011/03/'>March 2011</a></li> <li><a href='https://steveblank.com/2011/02/'>February 2011</a></li> <li><a href='https://steveblank.com/2011/01/'>January 2011</a></li> <li><a href='https://steveblank.com/2010/12/'>December 2010</a></li> <li><a href='https://steveblank.com/2010/11/'>November 2010</a></li> <li><a href='https://steveblank.com/2010/10/'>October 2010</a></li> <li><a href='https://steveblank.com/2010/09/'>September 2010</a></li> <li><a href='https://steveblank.com/2010/08/'>August 2010</a></li> <li><a href='https://steveblank.com/2010/07/'>July 2010</a></li> <li><a href='https://steveblank.com/2010/06/'>June 2010</a></li> <li><a href='https://steveblank.com/2010/05/'>May 2010</a></li> <li><a href='https://steveblank.com/2010/04/'>April 2010</a></li> <li><a href='https://steveblank.com/2010/03/'>March 2010</a></li> <li><a href='https://steveblank.com/2010/02/'>February 2010</a></li> <li><a href='https://steveblank.com/2010/01/'>January 2010</a></li> <li><a href='https://steveblank.com/2009/12/'>December 2009</a></li> <li><a href='https://steveblank.com/2009/11/'>November 2009</a></li> <li><a href='https://steveblank.com/2009/10/'>October 2009</a></li> <li><a href='https://steveblank.com/2009/09/'>September 2009</a></li> <li><a href='https://steveblank.com/2009/08/'>August 2009</a></li> <li><a href='https://steveblank.com/2009/07/'>July 2009</a></li> <li><a href='https://steveblank.com/2009/06/'>June 2009</a></li> <li><a href='https://steveblank.com/2009/05/'>May 2009</a></li> <li><a href='https://steveblank.com/2009/04/'>April 2009</a></li> <li><a href='https://steveblank.com/2009/03/'>March 2009</a></li> <li><a href='https://steveblank.com/2009/02/'>February 2009</a></li> </ul> </li> <li id="pages-2" class="widget widget_pages"><h2 class="widgettitle">Other Stuff</h2> <ul> <li class="page_item page-item-2"><a href="https://steveblank.com/about/">About Steve</a></li> <li class="page_item page-item-22"><a href="https://steveblank.com/tools-and-blogs-for-entrepreneurs/">Startup Tools</a></li> <li class="page_item page-item-62"><a href="https://steveblank.com/secret-history/">Secret History</a></li> <li class="page_item page-item-68"><a href="https://steveblank.com/books-for-startups/">Books for Startups</a></li> <li class="page_item page-item-11025"><a href="https://steveblank.com/slides/">Slides/Videos</a></li> <li class="page_item page-item-25609"><a href="https://steveblank.com/raising-money/">Raising Money</a></li> </ul> </li> </ul> </div>  <div class="narrowcolumnwrapper"><div class="narrowcolumn"> <div id="content" class="content"> <div class="post-10464 post type-post status-publish format-standard hentry category-customer-development category-familycareerculture" id="post-10464"> <h2><a href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" rel="bookmark">You’ll Be Dead Soon – Carpe Diem</a></h2> <div class="postinfo"> Posted on <span class="postdate">November 30, 2011</span> by steve blank </div> <div class="entry"> <p>For the next few months I’ll be posting a series of posts on family, startup culture and careers. These vignettes are about how I’ve lived my life trying to make my dent in the universe and trying to teach others to do the same. I don’t expect you to agree with all the posts. (See the first post <a href="https://steveblank.com/2014/07/08/the-path-of-our-lives/" target="_blank" rel="noopener">here</a>.)</p> <p>This second post in the series was written 15 years ago, but still relevant today.</p> <hr /> <p align="center"><em>Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything – all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important.</em></p> <p align="center"><a href="http://youtu.be/D1R-jKKp3NA?t=9m25s" target="_blank" rel="noopener noreferrer">Steve Jobs</a></p> <p>Watching an entrepreneur fail is sad but watching them fail from a lack of nerve is tragic.</p> <p><strong>Excitement<br /> </strong>At the beginning of this year Bob, one of my ex-students was in entrepreneurial heaven. He had an idea for a new class of enterprise software <a href="https://www.forbes.com/councils/forbestechcouncil/2023/07/14/finding-the-forest-in-the-trees-using-insights-as-a-service-to-unlock-the-real-power-of-data/" target="_blank" rel="noopener noreferrer">insight-as-a-service </a>based on big data web analytics as a Cloud/SaaS (Software As a Service) application.</p> <p>Bob had taken to heart the <a href="http://www.slideshare.net/Alex.Osterwalder/successful-entrepreneurship-5747012" target="_blank" rel="noopener noreferrer">business model canvas </a>and <a href="http://www.stevenblank.com/books.html" target="_blank" rel="noopener noreferrer">Customer Development </a>lessons. After graduating he put together a minimum viable product (MVP)and had <a href="http://steveblank.com/2011/09/22/how-to-build-a-web-startup-lean-launchpad-edition/">quickly marched through Customer Discovery</a>, iterating the MVP into a prototype with the help of CIOs and Fortune 1000 IT departments.</p> <p>I had made one of the introductions to a Fortune 100 CIO so I got to hear his progress from both him and the CIO.</p> <p><strong>Takeoff<br /> </strong>After 90 days, things seemed to be moving at startup speed. Bob had a backlog of users wanting to try his application, and the corporate IT people who were trying his early prototype said, “It’s crude, we hate the user interface, it’s missing lots of features – but we’ll kill you if you try to take it away from us.”</p> <p>I pointed a VC who followed the space to the CIO who was testing the prototype. The VC told me the CIO wouldn’t get off the phone. He kept telling him he couldn’t remember when he had seen an enterprise software product with so much promise. The VC checked with other IT users and heard the same reaction. It was a “gotta use it, don’t take it away, we’ll have to buy it” product. After a demo and lunch, the VC (who normally did later stage deals) wrote my ex student a check for a seed round.<a href="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?ssl=1"><img data-recalc-dims="1" decoding="async" data-attachment-id="31999" data-permalink="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/sieze-the-day/" data-orig-file="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?fit=1024%2C1024&ssl=1" data-orig-size="1024,1024" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="sieze the day" data-image-description="" data-image-caption="" data-medium-file="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?fit=300%2C300&ssl=1" data-large-file="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?fit=468%2C468&ssl=1" class="alignright size-thumbnail wp-image-31999" src="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?resize=150%2C150&ssl=1" alt="" width="150" height="150" srcset="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?resize=150%2C150&ssl=1 150w, https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?resize=300%2C300&ssl=1 300w, https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?resize=768%2C768&ssl=1 768w, https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?w=1024&ssl=1 1024w, https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/sieze-the-day.jpg?w=936&ssl=1 936w" sizes="(max-width: 150px) 100vw, 150px" /></a></p> <p>Life couldn’t be better.</p> <p>I followed Bob’s progress in bits and pieces from updates from the CIO, the VC and his emails and blogs. He seemed to be on the fast track to startup success. But pretty soon a few worrying warning signs appeared.</p> <p>The first thing that I noticed was that Bob couldn’t seem to find a co-founder. I wasn’t close enough to know if he wasn’t really looking for one, but given the early success he was having, it seemed a bit odd. But the next thing really got me concerned. Bob started hiring second rate developers. At best they were B- players.</p> <p><strong>Stall<br /> </strong>A month went by, and the product stopped getting better. The U/I still sucked, and new features had stopped appearing. The next month, the same thing. I got a call from my CIO friend asking, “what was going on?” He said, “It was a great prototype, we would have loved to deploy it company-wide, and I hate to let it go, but it looks like Bob’s company just lost interest in developing it. I’m going to dump it and look for a substitute.” So I called Bob and suggested we grab a coffee.</p> <p>I asked him how things were going and got the update on how the <a href="http://steveblank.com/2010/03/04/perfection-by-subtraction-the-minimum-feature-set/" target="_blank" rel="noopener noreferrer">earlyvangelists </a>were using the product. As I had heard, they were ecstatic. But Bob said he was worried he hadn’t found the right customer segment yet. “I’m not sure I can get all of these guys to pay me big bucks,” he said. “That’s why I stopped coding, and I’m spending all my time out in the field still talking to more customers.” “What does your VC say you ought to be doing?” I asked. “Oh, he hasn’t had much time for me, his firm almost never does seed deals. It turns out I was an exception.” Oh, oh.</p> <p>The conversation was starting to make the hair on the back of my neck stand up. Bob had gotten to a place most founders never do – his product was a “gotta have it for people with big budgets.” He should have been back rapidly coding, iterating and finding out what feature set would get him to paying customers.</p> <p>Instead he had produced barely 3 weeks of progress in the last 5 months. His prototype was rapidly wearing out its welcome.</p> <p><strong>A Lack of Nerve<br /> </strong>When I pressed Bob on this he admitted, “No I guess my engineers aren’t very good. But I hired guys who were cheap because I wasn’t sure if my hypotheses were right. Didn’t you tell us to test our hypotheses first?” Now it was my time to be surprised. “Bob, you’ve validated your hypotheses better than any startup I’ve ever seen. You found that out in the first month. You got customers begging you to finish the product so they could buy it. You should have been hiring world-class talent and building something these CIO’s will pay for. It’s not too late. It’s time to grab them by the throat and go for it.”</p> <p>I wasn’t ready for the answer, “Steve, I’ve been reading all about premature scaling and making sure everything is right before I go for it. I want to be sure I get all of this right. I’m afraid I’ll run out of money.”</p> <p>I thought I’d make one more run at it. “Bob,” I said, “few entrepreneurs get the first time response you have from an early product. At your rate you’re going to burn through your cash trying to get it perfect. It’s a startup. You’ll never have perfect information. You’re sitting on a gold mine. Grab the opportunity!”</p> <p>I got a blank stare.</p> <p>We made some more small talk and shook hands as he left.</p> <p>Bob was in the wrong business, not the wrong market. He wanted certainty, comfort and security.</p> <p>I stared at my coffee for a long time.</p> <div id="v-xCshF3L6-1" class="video-player"><iframe title='VideoPress Video Player' aria-label='VideoPress Video Player' width='468' height='262' src='https://videopress.com/embed/xCshF3L6?hd=1&cover=1&loop=0&autoPlay=0&permalink=1&muted=0&controls=1&playsinline=0&useAverageColor=0&preloadContent=metadata' frameborder='0' allowfullscreen data-resize-to-parent="true" allow='clipboard-write'></iframe><script src='https://s0.wp.com/wp-content/plugins/video/assets/js/next/videopress-iframe.js'></script></div> <p>Carpe Diem – make your lives extraordinary.</p> <blockquote><p><strong>Lessons Learned</strong></p> <ul> <li>Yes, premature scaling is a cause of startup death</li> <li>Yes, you need to get out of the building and test your hypotheses</li> <li>But, when an opportunity smacks you in the head for gosh sake grab it with both hands and don’t let go</li> <li>If you can’t, get out of the startup game</li> <li>Entrepreneurship is a calling for the fearless</li> </ul> </blockquote> <div class="sharedaddy sd-sharing-enabled"><div class="robots-nocontent sd-block sd-social sd-social-official sd-sharing"><h3 class="sd-title">Share this:</h3><div class="sd-content"><ul><li class="share-print"><a rel="nofollow noopener noreferrer" data-shared="" class="share-print sd-button" href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" target="_blank" title="Click to print" ><span>Print</span></a></li><li class="share-email"><a rel="nofollow noopener noreferrer" data-shared="" class="share-email sd-button" href="mailto:?subject=%5BShared%20Post%5D%20You%E2%80%99ll%20Be%20Dead%20Soon%20%E2%80%93%20Carpe%20Diem&body=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F30%2Fyoull-be-dead-soon-carpe-diem%2F&share=email" target="_blank" title="Click to email a link to a friend" data-email-share-error-title="Do you have email set up?" data-email-share-error-text="If you're having problems sharing via email, you might not have email set up for your browser. You may need to create a new email yourself." data-email-share-nonce="457875d3b9" data-email-share-track-url="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/?share=email"><span>Email</span></a></li><li class="share-facebook"><div class="fb-share-button" data-href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" data-layout="button_count"></div></li><li class="share-twitter"><a href="https://twitter.com/share" class="twitter-share-button" data-url="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" data-text="You’ll Be Dead Soon – Carpe Diem" >Tweet</a></li><li class="share-linkedin"><div class="linkedin_button"><script type="in/share" data-url="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" data-counter="right"></script></div></li><li class="share-reddit"><a rel="nofollow noopener noreferrer" data-shared="" class="share-reddit sd-button" href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/?share=reddit" target="_blank" title="Click to share on Reddit" ><span>Reddit</span></a></li><li class="share-jetpack-whatsapp"><a rel="nofollow noopener noreferrer" data-shared="" class="share-jetpack-whatsapp sd-button" href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/?share=jetpack-whatsapp" target="_blank" title="Click to share on WhatsApp" ><span>WhatsApp</span></a></li><li class="share-pinterest"><div class="pinterest_button"><a href="https://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F30%2Fyoull-be-dead-soon-carpe-diem%2F&media=https%3A%2F%2Fsteveblank.com%2Fwp-content%2Fuploads%2F2011%2F11%2Fsieze-the-day-150x150.jpg&description=You%E2%80%99ll%20Be%20Dead%20Soon%20%E2%80%93%20Carpe%20Diem" data-pin-do="buttonPin" data-pin-config="beside"><img data-recalc-dims="1" src="https://i0.wp.com/assets.pinterest.com/images/pidgets/pinit_fg_en_rect_gray_20.png?w=468" /></a></div></li><li class="share-telegram"><a rel="nofollow noopener noreferrer" data-shared="" class="share-telegram sd-button" href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/?share=telegram" target="_blank" title="Click to share on Telegram" ><span>Telegram</span></a></li><li class="share-tumblr"><a class="tumblr-share-button" target="_blank" href="https://www.tumblr.com/share" data-title="You’ll Be Dead Soon – Carpe Diem" data-content="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" title="Share on Tumblr"data-posttype="link">Share on Tumblr</a></li><li class="share-pocket"><div class="pocket_button"><a href="https://getpocket.com/save" class="pocket-btn" data-lang="en" data-save-url="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/" data-pocket-count="horizontal" >Pocket</a></div></li><li class="share-end"></li></ul></div></div></div><div class='sharedaddy sd-block sd-like jetpack-likes-widget-wrapper jetpack-likes-widget-unloaded' id='like-post-wrapper-6599589-10464-67b33cbd5de5e' data-src='https://widgets.wp.com/likes/?ver=14.4-a.3#blog_id=6599589&post_id=10464&origin=steveblank.com&obj_id=6599589-10464-67b33cbd5de5e&n=1' data-name='like-post-frame-6599589-10464-67b33cbd5de5e' data-title='Like or Reblog'><h3 class="sd-title">Like this:</h3><div class='likes-widget-placeholder post-likes-widget-placeholder' style='height: 55px;'><span class='button'><span>Like</span></span> <span class="loading">Loading...</span></div><span class='sd-text-color'></span><a class='sd-link-color'></a></div> <p class="postinfo"> Filed under: <a href="https://steveblank.com/category/customer-development/" rel="category tag">Customer Development</a>, <a href="https://steveblank.com/category/familycareerculture/" rel="category tag">Family/Career/Culture</a> | <a href="https://steveblank.com/2011/11/30/youll-be-dead-soon-carpe-diem/#comments">56 Comments »</a> </p> </div> </div> <div class="post-10414 post type-post status-publish format-standard hentry category-business-model-versus-business-plan category-customer-development category-nsf-national-science-foundation" id="post-10414"> <h2><a href="https://steveblank.com/2011/11/15/scientists-unleashed/" rel="bookmark">Scientists Unleashed</a></h2> <div class="postinfo"> Posted on <span class="postdate">November 15, 2011</span> by steve blank </div> <div class="entry"> <p style="text-align:center;"><em>Some men see things as they are and ask why.<br /> </em><em>Others dream things that never were and ask why not.</em></p> <p style="text-align:center;">George Bernard Shaw</p> <p>We’re in the middle of our <a href="http://www.nsf.gov/news/special_reports/i-corps/index.jsp" target="_blank">National Science Foundation Innovation Corps</a> class – taking the most promising research projects in American university laboratories and teaching these scientists the basics of entrepreneurship. Our goal is to accelerate the commercialization of their inventions. Our <a href="http://steveblank.com/2010/12/07/the-lean-launchpad-%E2%80%93-teaching-entrepreneurship-as-a-management-science/" target="_blank">Lean LaunchPad</a> class teaches scientists and engineers that starting a company is another research project that can be solved by an iterative process of hypotheses testing and experimentation built around the <a href="http://steveblank.com/2010/10/25/entrepreneurship-as-a-science-%E2%80%93-the-business-modelcustomer-development-stack/" target="_blank">business model / customer development / agile development solution stack</a>. It’s “<a href="http://www.stevenblank.com/books.html" target="_blank">the scientific method</a>” applied to startups.</p> <p>Although I typically don’t write about a class while it’s going on, I had to share this extraordinary reflection that <a href="http://www.rit.edu/news/story.php?id=46675">Satish Kandlikar</a>, one of the National Science Foundation principal investigators, posted to our Lean LaunchPad class blog.</p> <p><strong>Satish Kandlikar – The Spirit of Entrepreneurship<br /> </strong><a href="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/satish-kandlikar-rit.jpg"><img data-recalc-dims="1" decoding="async" data-attachment-id="10416" data-permalink="https://steveblank.com/2011/11/15/scientists-unleashed/satish-kandlikar-rit/" data-orig-file="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/satish-kandlikar-rit.jpg?fit=440%2C657&ssl=1" data-orig-size="440,657" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":""}" data-image-title="Satish Kandlikar RIT" data-image-description="" data-image-caption="" data-medium-file="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/satish-kandlikar-rit.jpg?fit=201%2C300&ssl=1" data-large-file="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/satish-kandlikar-rit.jpg?fit=440%2C657&ssl=1" class="alignleft size-thumbnail wp-image-10416" title="Satish Kandlikar RIT" src="https://i0.wp.com/steveblank.com/wp-content/uploads/2011/11/satish-kandlikar-rit.jpg?resize=100%2C150" alt="" width="100" height="150" /></a>Satish Kandlikar has been a professor in the mechanical engineering department at the <a href="http://www.rit.edu/~w-me/" target="_blank">Rochester Institute of Technology</a> for the past twenty-one years. His research is focused in the areas of flow boiling, critical heat flux, contact line heat transfer, and advanced cooling techniques</p> <p>His team, Akara Lighting, wants to build a device for LED lights that gets rid of heat 50% better than anything on the market. This would result in LED’s having a higher performance at a reduced cost.</p> <p>Here’s what he had to say about his experience in the Lean LaunchPad class ….</p> <blockquote><p>“It is quite an eye-opening experience to transition from an academic “PI” (<a href="http://en.wikipedia.org/wiki/Principal_investigator" target="_blank">Principal Investigator</a>) to someone who wants to run a technology start-up. The change in the mindset is perhaps the important factor on the path to success…</p> <p>The teaching team is simply phenomenal in identifying the pitfalls in our path and guiding us in finding the solutions. They have shown us the other side of the equation from technology to market acceptability. We have been extremely fortunate in having this kind of guidance and support.</p> <p>A key finding I would like to report is that we just had another “pivot” two days ago when our mentor brought to our attention that we can succeed as a heat pipe company providing thermal solutions to various LED products as well as other applications. I visited two companies, one providing data center cooling solutions, and other providing control panel cooling systems. Key alliances are expected to occur through these initial, very positive, contacts.</p> <p>One fundamental change that I see in my approach going forward is that <em>I am looking at the research in a totally different way</em>. It is no longer, in my mind, a means to publishing papers and simply graduating students. It means now, to me, <em>how the research can be applied to make products that are accepted in marketplace</em>. Making students understand the entire process, to whatever extent I can influence them, and inspiring them to aspire for transferring their knowledge to products is becoming an important thrust in my classroom interactions.</p> <p>Another eye-opener was on understanding communications. While making presentations in academic setting, it was more of a paper-based research with extension of knowledge, without too much understanding of its application. Knowing the audience was really not a factor. Now after making “cold-calls”, and seeing that there is a certain way to get them interested in just a few opening sentences, was simply amazing. <em>Knowing what their needs are is a crucial step</em>.</p> <p>Now it is becoming clear what Steve meant when he said, “get out of the building”. It is clear that<em> the building referred to our mindset more than the physical act of going out or simply contacting someone outside</em>.</p> <p>The purpose of this posting was to document my beginning of the transformation process from an academician to an entrepreneur. And I am definitely enjoying it.”</p></blockquote> <p><strong>Scientists Unleashed<br /> </strong>Over fifty years ago Silicon Valley was born <a href="http://steveblank.com/2011/07/25/how-scientists-and-engineers-got-it-right-and-vc%E2%80%99s-got-it-wrong/">in an era of applied experimentation driven by scientists and engineers</a>. Fifty years from now, we’ll look back to this current decade as the beginning of another revolution, where scientific discoveries and technological breakthroughs were integrated into the fabric of society faster than they had ever been before, unleashing a new era for a new American economy built on entrepreneurship and innovation.</p> <p>And scientists like Satish Kandlikar and the <a href="http://www.nsf.gov/news/special_reports/i-corps/background.jsp" target="_blank">National Science Foundation</a> will lead the way.<br /> Listen to the post here: Download the Podcast <a href="http://clearshore.net/page/6/" target="_blank">here</a></p> <div class="sharedaddy sd-sharing-enabled"><div class="robots-nocontent sd-block sd-social sd-social-official sd-sharing"><h3 class="sd-title">Share this:</h3><div class="sd-content"><ul><li class="share-print"><a rel="nofollow noopener noreferrer" data-shared="" class="share-print sd-button" href="https://steveblank.com/2011/11/15/scientists-unleashed/" target="_blank" title="Click to print" ><span>Print</span></a></li><li class="share-email"><a rel="nofollow noopener noreferrer" data-shared="" class="share-email sd-button" href="mailto:?subject=%5BShared%20Post%5D%20Scientists%20Unleashed&body=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F15%2Fscientists-unleashed%2F&share=email" target="_blank" title="Click to email a link to a friend" data-email-share-error-title="Do you have email set up?" data-email-share-error-text="If you're having problems sharing via email, you might not have email set up for your browser. You may need to create a new email yourself." data-email-share-nonce="0301c4d1b1" data-email-share-track-url="https://steveblank.com/2011/11/15/scientists-unleashed/?share=email"><span>Email</span></a></li><li class="share-facebook"><div class="fb-share-button" data-href="https://steveblank.com/2011/11/15/scientists-unleashed/" data-layout="button_count"></div></li><li class="share-twitter"><a href="https://twitter.com/share" class="twitter-share-button" data-url="https://steveblank.com/2011/11/15/scientists-unleashed/" data-text="Scientists Unleashed" >Tweet</a></li><li class="share-linkedin"><div class="linkedin_button"><script type="in/share" data-url="https://steveblank.com/2011/11/15/scientists-unleashed/" data-counter="right"></script></div></li><li class="share-reddit"><a rel="nofollow noopener noreferrer" data-shared="" class="share-reddit sd-button" href="https://steveblank.com/2011/11/15/scientists-unleashed/?share=reddit" target="_blank" title="Click to share on Reddit" ><span>Reddit</span></a></li><li class="share-jetpack-whatsapp"><a rel="nofollow noopener noreferrer" data-shared="" class="share-jetpack-whatsapp sd-button" href="https://steveblank.com/2011/11/15/scientists-unleashed/?share=jetpack-whatsapp" target="_blank" title="Click to share on WhatsApp" ><span>WhatsApp</span></a></li><li class="share-pinterest"><div class="pinterest_button"><a href="https://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F15%2Fscientists-unleashed%2F&media=http%3A%2F%2Fsteveblank.com%2Fwp-content%2Fuploads%2F2011%2F11%2Fsatish-kandlikar-rit.jpg%3Fw%3D100&description=Scientists%20Unleashed" data-pin-do="buttonPin" data-pin-config="beside"><img data-recalc-dims="1" src="https://i0.wp.com/assets.pinterest.com/images/pidgets/pinit_fg_en_rect_gray_20.png?w=468" /></a></div></li><li class="share-telegram"><a rel="nofollow noopener noreferrer" data-shared="" class="share-telegram sd-button" href="https://steveblank.com/2011/11/15/scientists-unleashed/?share=telegram" target="_blank" title="Click to share on Telegram" ><span>Telegram</span></a></li><li class="share-tumblr"><a class="tumblr-share-button" target="_blank" href="https://www.tumblr.com/share" data-title="Scientists Unleashed" data-content="https://steveblank.com/2011/11/15/scientists-unleashed/" title="Share on Tumblr"data-posttype="link">Share on Tumblr</a></li><li class="share-pocket"><div class="pocket_button"><a href="https://getpocket.com/save" class="pocket-btn" data-lang="en" data-save-url="https://steveblank.com/2011/11/15/scientists-unleashed/" data-pocket-count="horizontal" >Pocket</a></div></li><li class="share-end"></li></ul></div></div></div><div class='sharedaddy sd-block sd-like jetpack-likes-widget-wrapper jetpack-likes-widget-unloaded' id='like-post-wrapper-6599589-10414-67b33cbd60601' data-src='https://widgets.wp.com/likes/?ver=14.4-a.3#blog_id=6599589&post_id=10414&origin=steveblank.com&obj_id=6599589-10414-67b33cbd60601&n=1' data-name='like-post-frame-6599589-10414-67b33cbd60601' data-title='Like or Reblog'><h3 class="sd-title">Like this:</h3><div class='likes-widget-placeholder post-likes-widget-placeholder' style='height: 55px;'><span class='button'><span>Like</span></span> <span class="loading">Loading...</span></div><span class='sd-text-color'></span><a class='sd-link-color'></a></div> <p class="postinfo"> Filed under: <a href="https://steveblank.com/category/business-model-versus-business-plan/" rel="category tag">Business Model versus Business Plan</a>, <a href="https://steveblank.com/category/customer-development/" rel="category tag">Customer Development</a>, <a href="https://steveblank.com/category/nsf-national-science-foundation/" rel="category tag">NSF (National Science Foundation)</a> | <a href="https://steveblank.com/2011/11/15/scientists-unleashed/#comments">10 Comments »</a> </p> </div> </div> <div class="post-10341 post type-post status-publish format-standard hentry category-venture-capital" id="post-10341"> <h2><a href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" rel="bookmark">Steel In Their Eyes – Why VC’s Should Be Startup CEO’s</a></h2> <div class="postinfo"> Posted on <span class="postdate">November 1, 2011</span> by steve blank </div> <div class="entry"> <p align="center"><em>A man who carries a cat by the tail learns something he can learn in no other way.</em></p> <p align="center">Mark Twain</p> <p>Venture Capitalists who are serious about turning their firms into more than one-fund wonders may want to have their associates actually start and <em>run</em> a company for a year. Running a company is distinctly different from simply having <em>operating experience</em> – (working in bus dev, sales or marketing.) None of that can compare with being <span style="text-decoration:underline;">the CEO</span> of a startup facing a rapidly diminishing bank account, your best engineer quitting, working until 10pm and rushing to the airport and catching a <a href="http://en.wikipedia.org/wiki/Red-eye_flight" target="_blank" rel="noopener noreferrer">redeye</a> for a “<a href="http://en.wikipedia.org/wiki/Hail_Mary_pass" target="_blank" rel="noopener noreferrer">Hail Mary</a>” close of a customer, with your board demanding you do it faster.</p> <div> <p>Today, you can start a web/mobile/cloud startup for $500,000 and have money left over. Every potential early-stage Venture Capitalist should take a year and do it before he or she makes partner.</p> <p>Here’s why.</p> <p>——-</p> </div> <p>Venture capital as a profession is <a href="http://steveblank.com/2009/10/29/the-secret-history-of-silicon-valley-12-the-rise-of-%E2%80%9Crisk-capital%E2%80%9D-part-2/">less than half a century old</a>.</p> <p> </p> <p>Over time Venture firms realized that the partners in the firms needs a variety of skills:</p> <ul> <li>People skills (ability to recognize patterns of success in individuals and teams)</li> <li>People skills</li> <li>People skills</li> <li>Market/technology acuity (patterns of success, domain expertise)</li> <li>Rolodex/deal flow (deal sourcing/ability to make connections for the portfolio)</li> <li>Board skills (Startup coaching, mentoring, strategy, operational/growth)</li> <li>Fund raising skills</li> </ul> <p>Some of these skills are learned in school (finance), some are innate aptitudes (people skills), some are learned pattern recognition skills (shadowing experienced partners, hard won success and failures of their own), and some are learned by having operating experience. But none of them are substitutes for having started and run a company.</p> <p><strong>How to Become a VC<br /> </strong>Early-stage Venture Capital firms grow their partnerships in different ways, some hire:</p> <ul> <li>partners from other firms</li> <li>associates and put them on a long career path</li> <li>venture/operating partners to get them into new industries</li> <li>an executive who had startup “operating experience”</li> <li>rarely a startup founder/CEO</li> </ul> <p>In surveying my VC friends, I was surprised about the strong and diverse opinions. The feedback varied from:</p> <ul> <li>“.. because culture is such an important part of who we are, we will probably never hire a partner from another firm. The idea of bolting on someone from another firm is somewhat antithetical to who we are. We think that our venture partner role is the most likely path to general partner.”</li> <li>..we have a partner-track associates program. We want to find someone who has a lot of consumer internet product experience as either product manager, founder, VP Product, etc. with 3-7 years of experience.”</li> <li>“…we do not even try to train new partners. We bring people into our firm who have learned how to be VCs at the partner level somewhere else and have demonstrated their talent in boardrooms alongside of us. We completely and totally punt on the idea of “training a VC.” It’s an ugly and painful process and I don’t want to be part of it.”</li> <li>“…if they don’t have operating experience the odds of them knowing what they’re talking about in a board meeting for the first five years is low..”</li> </ul> <p><strong>Carrying the Cat By The Tail<br /> </strong>When I finally became a CEO it was after I had spent my career working my way up the ladder in marketing in startups. I did every low-level job there was, at times sleeping under my desk (engineering was doing the same.) By the time I was running a company, having some junior employee tell me why they couldn’t do something because of “how hard it was” didn’t get much sympathy from me. I <em>knew how hard it was because I had done it myself. </em>Startups are hard.</p> <p>What running a company would do is give early-stage VC’s a benchmark for reality, something most newly-minted partners sorely lack. They would learn how a founding CEO turns their money into a company which becomes a learning, execution and delivery engine. They would learn that a CEO does it through the people – the day-to-day of who is going to do what, how you hold people accountable, how teams communicate, and more importantly, who you hire, how you motivate and get people to accomplish the seemingly impossible. Further, they’d experience first hand how, in a startup, <a href="http://en.wikipedia.org/wiki/The_Devil_is_in_the_details" target="_blank" rel="noopener noreferrer">the devil is in the details</a> of execution and deliverables.</p> <p>My hypotheses is simple: what most VC’s lack is not brains or rolodex or people skills – <em>but hands-on experience</em> as a startup CEO – knowing what it’s like trying to make a payroll while finding sufficient customers while you’re building the product. Sure, a year as a CEO won’t make them an expert, but it will change them quicker than 10 years in the boardroom.</p> <p><strong>Does it Matter?<br /> </strong>There’s a school of thought that says the skill set of a great early-stage VC – awesome people skills, curiosity, likable, etc. – versus the attributes of a great entrepreneur – pattern recognition, tenacity, etc. may not have much overlap. Early stage investing is not a spreadheet, quantitative driven exercise, nor is it about technology – it is a deal business and people drive the deals. And while having experience as a startup CEO may make you a better <em>board member</em>, it may not substantively contribute to your career as an early stage <em>investor</em> – which depend on many more important skills.</p> <p><strong>Steel in their eyes</strong><strong><br /> </strong>Ten years ago starting a company required millions of dollars and first customer ship took years. Now it’s possible to build a company, ship product and get tens of thousands of customers in a year with less than $500K. For venture firms who want to groom/grow associates or operating execs into partners (rather than hiring proven partners), here’s my suggestion:</p> <ol> <li>Have them start as an analyst (search for deal flow and people, due diligence)</li> <li>Then take a year as a product manager in a startup in the firm’s portfolio</li> <li>Then come back as an associate for a year – shadowing board and partner meetings</li> <li>Then take a year and $250-500K to start and run a mobile/web/cloud company. See what it’s really like on the other side of that boardroom table</li> <li>Then return as a partner</li> </ol> <p>This process will create a new generation of venture capital partners, ones who have been battle tested in the trenches of a startup, hardened by hiring and firing, tempered by making a payroll and losing orders, and will never forget it’s all about the people.</p> <p>These VC’s would return to their firms with steel in their eyes. They’d be relentless about accountability from board meeting to board meeting with laser like focus on the one or two issues that matter. They would understand the CEO-VC-board dynamic in a way that few who hadn’t lived it could. They’d be ruthless in their choice of people and teams, looking for those few who have natural curiosity, a passion to win, and who won’t take no for answer.</p> <p><strong>Lessons Learned </strong></p> <blockquote> <ul> <li>Venture Capital is still a “craft business”</li> <li>Early stage VC’s should have startup CEO experience</li> <li>It can now be gained cheaply and quickly</li> <li>It will give them perspective and edge that would take a decade to learn</li> </ul> </blockquote> <p>Listen to the post here: Download the Podcast <a href="http://clearshore.net/page/6/" target="_blank" rel="noopener noreferrer">here</a></p> <div class="sharedaddy sd-sharing-enabled"><div class="robots-nocontent sd-block sd-social sd-social-official sd-sharing"><h3 class="sd-title">Share this:</h3><div class="sd-content"><ul><li class="share-print"><a rel="nofollow noopener noreferrer" data-shared="" class="share-print sd-button" href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" target="_blank" title="Click to print" ><span>Print</span></a></li><li class="share-email"><a rel="nofollow noopener noreferrer" data-shared="" class="share-email sd-button" href="mailto:?subject=%5BShared%20Post%5D%20Steel%20In%20Their%20Eyes%20-%20Why%20VC%E2%80%99s%20Should%20Be%20Startup%20CEO%E2%80%99s&body=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F01%2Fsteel-in-their-eyes-why-vc%25e2%2580%2599s-should-be-startup-ceo%25e2%2580%2599s%2F&share=email" target="_blank" title="Click to email a link to a friend" data-email-share-error-title="Do you have email set up?" data-email-share-error-text="If you're having problems sharing via email, you might not have email set up for your browser. You may need to create a new email yourself." data-email-share-nonce="e8e1d9291a" data-email-share-track-url="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/?share=email"><span>Email</span></a></li><li class="share-facebook"><div class="fb-share-button" data-href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" data-layout="button_count"></div></li><li class="share-twitter"><a href="https://twitter.com/share" class="twitter-share-button" data-url="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" data-text="Steel In Their Eyes - Why VC’s Should Be Startup CEO’s" >Tweet</a></li><li class="share-linkedin"><div class="linkedin_button"><script type="in/share" data-url="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" data-counter="right"></script></div></li><li class="share-reddit"><a rel="nofollow noopener noreferrer" data-shared="" class="share-reddit sd-button" href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/?share=reddit" target="_blank" title="Click to share on Reddit" ><span>Reddit</span></a></li><li class="share-jetpack-whatsapp"><a rel="nofollow noopener noreferrer" data-shared="" class="share-jetpack-whatsapp sd-button" href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/?share=jetpack-whatsapp" target="_blank" title="Click to share on WhatsApp" ><span>WhatsApp</span></a></li><li class="share-pinterest"><div class="pinterest_button"><a href="https://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F01%2Fsteel-in-their-eyes-why-vc%25e2%2580%2599s-should-be-startup-ceo%25e2%2580%2599s%2F&media=https%3A%2F%2Fs0.wp.com%2Fi%2Fwebclip.png&description=Steel%20In%20Their%20Eyes%20-%20Why%20VC%E2%80%99s%20Should%20Be%20Startup%20CEO%E2%80%99s" data-pin-do="buttonPin" data-pin-config="beside"><img data-recalc-dims="1" src="https://i0.wp.com/assets.pinterest.com/images/pidgets/pinit_fg_en_rect_gray_20.png?w=468" /></a></div></li><li class="share-telegram"><a rel="nofollow noopener noreferrer" data-shared="" class="share-telegram sd-button" href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/?share=telegram" target="_blank" title="Click to share on Telegram" ><span>Telegram</span></a></li><li class="share-tumblr"><a class="tumblr-share-button" target="_blank" href="https://www.tumblr.com/share" data-title="Steel In Their Eyes - Why VC’s Should Be Startup CEO’s" data-content="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" title="Share on Tumblr"data-posttype="link">Share on Tumblr</a></li><li class="share-pocket"><div class="pocket_button"><a href="https://getpocket.com/save" class="pocket-btn" data-lang="en" data-save-url="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/" data-pocket-count="horizontal" >Pocket</a></div></li><li class="share-end"></li></ul></div></div></div><div class='sharedaddy sd-block sd-like jetpack-likes-widget-wrapper jetpack-likes-widget-unloaded' id='like-post-wrapper-6599589-10341-67b33cbd6254e' data-src='https://widgets.wp.com/likes/?ver=14.4-a.3#blog_id=6599589&post_id=10341&origin=steveblank.com&obj_id=6599589-10341-67b33cbd6254e&n=1' data-name='like-post-frame-6599589-10341-67b33cbd6254e' data-title='Like or Reblog'><h3 class="sd-title">Like this:</h3><div class='likes-widget-placeholder post-likes-widget-placeholder' style='height: 55px;'><span class='button'><span>Like</span></span> <span class="loading">Loading...</span></div><span class='sd-text-color'></span><a class='sd-link-color'></a></div> <p class="postinfo"> Filed under: <a href="https://steveblank.com/category/venture-capital/" rel="category tag">Venture Capital</a> | <a href="https://steveblank.com/2011/11/01/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s/#comments">70 Comments »</a> </p> </div> </div> <div class="browse"></div> </div> </div></div> <div class="sidebar"> <ul> <li><h2>Calendar</h2> <ul> <li><table id="wp-calendar" class="wp-calendar-table"> <caption>November 2011</caption> <thead> <tr> <th scope="col" title="Monday">M</th> <th scope="col" title="Tuesday">T</th> <th scope="col" title="Wednesday">W</th> <th scope="col" title="Thursday">T</th> <th scope="col" title="Friday">F</th> <th scope="col" title="Saturday">S</th> <th scope="col" title="Sunday">S</th> </tr> </thead> <tbody> <tr> <td colspan="1" class="pad"> </td><td><a href="https://steveblank.com/2011/11/01/" aria-label="Posts published on November 1, 2011">1</a></td><td>2</td><td>3</td><td>4</td><td>5</td><td>6</td> </tr> <tr> <td>7</td><td>8</td><td>9</td><td>10</td><td>11</td><td>12</td><td>13</td> </tr> <tr> <td>14</td><td><a href="https://steveblank.com/2011/11/15/" aria-label="Posts published on November 15, 2011">15</a></td><td>16</td><td>17</td><td>18</td><td>19</td><td>20</td> </tr> <tr> <td>21</td><td>22</td><td>23</td><td>24</td><td>25</td><td>26</td><td>27</td> </tr> <tr> <td>28</td><td>29</td><td><a href="https://steveblank.com/2011/11/30/" aria-label="Posts published on November 30, 2011">30</a></td> <td class="pad" colspan="4"> </td> </tr> </tbody> </table><nav aria-label="Previous and next months" class="wp-calendar-nav"> <span class="wp-calendar-nav-prev"><a href="https://steveblank.com/2011/10/">« Oct</a></span> <span class="pad"> </span> <span class="wp-calendar-nav-next"><a href="https://steveblank.com/2011/12/">Dec »</a></span> </nav></li> </ul> </li> <li id="linkcat-697967627" class="linkcat"><h2>Customer Development</h2> <ul class='xoxo blogroll'> <li><a href="http://www.slideshare.net/sblank" rel="noopener" target="_blank">Customer Development Methodology – slides</a></li> <li><a href="http://startuplessonslearned.blogspot.com/search?q=%22customer+development%22" rel="noopener" target="_blank">Eric Ries on Customer Development</a></li> <li><a href="http://www.amazon.com/Four-Steps-Epiphany-Steven-Blank/dp/0976470705" rel="noopener" title="My book about Customer Development and more" target="_blank">Four Steps to the Epiphany – the book</a></li> <li><a href="http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2048" rel="noopener" target="_blank">Stanford Entrepreneurial Leadership Talks by Steve Blank</a></li> <li><a href="http://www.slideshare.net/startuplessonslearned/lean-startup-presentation-to-maples-investments-by-steve-blank-and-eric-ries-presentation" rel="noopener" target="_blank">The Lean Startup by Eric Ries & Steve Blank – slides</a></li> </ul> </li> <li id="linkcat-697967628" class="linkcat"><h2>Secret History of Silicon Valley</h2> <ul class='xoxo blogroll'> <li><a href="http://www.slideshare.net/sblank/secret-history-of-silicon-valley-rev-4-dec-09" rel="noopener" target="_blank">The Secret History of Silicon Valley – Dec 2009 slides</a></li> <li><a href="http://www.youtube.com/watch?v=ZTC_RxWN_xo" rel="noopener" title="Recorded at the Computer History Museum Nov. 20, 2008" target="_blank">The Secret History of Silicon Valley – video</a></li> </ul> </li> </ul> </div> </div> <div id="footer"> <p><a href="https://wordpress.com/?ref=footer_custom_powered">Powered by WordPress.com</a>. WP Designer.</p> </div> </div> </div>  <script defer id="bilmur" data-customproperties="{"woo_active":"0"}" data-provider="wordpress.com" data-service="atomic" src="https://s0.wp.com/wp-content/js/bilmur.min.js?m=202508"></script> <div id="jp-carousel-loading-overlay"> <div id="jp-carousel-loading-wrapper"> <span id="jp-carousel-library-loading"> </span> </div> </div> <div class="jp-carousel-overlay" style="display: none;"> <div class="jp-carousel-container">  <div class="jp-carousel-wrap swiper-container jp-carousel-swiper-container jp-carousel-transitions" itemscope itemtype="https://schema.org/ImageGallery"> <div class="jp-carousel swiper-wrapper"></div> <div class="jp-swiper-button-prev swiper-button-prev"> <svg width="25" height="24" viewBox="0 0 25 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <mask id="maskPrev" mask-type="alpha" maskUnits="userSpaceOnUse" x="8" y="6" width="9" height="12"> <path d="M16.2072 16.59L11.6496 12L16.2072 7.41L14.8041 6L8.8335 12L14.8041 18L16.2072 16.59Z" fill="white"/> </mask> <g mask="url(#maskPrev)"> <rect x="0.579102" width="23.8823" height="24" fill="#FFFFFF"/> </g> </svg> </div> <div class="jp-swiper-button-next swiper-button-next"> <svg width="25" height="24" viewBox="0 0 25 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <mask id="maskNext" mask-type="alpha" maskUnits="userSpaceOnUse" x="8" y="6" width="8" height="12"> <path d="M8.59814 16.59L13.1557 12L8.59814 7.41L10.0012 6L15.9718 12L10.0012 18L8.59814 16.59Z" fill="white"/> </mask> <g mask="url(#maskNext)"> <rect x="0.34375" width="23.8822" height="24" fill="#FFFFFF"/> </g> </svg> </div> </div>  <div class="jp-carousel-close-hint"> <svg width="25" height="24" viewBox="0 0 25 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <mask id="maskClose" mask-type="alpha" maskUnits="userSpaceOnUse" x="5" y="5" width="15" height="14"> <path d="M19.3166 6.41L17.9135 5L12.3509 10.59L6.78834 5L5.38525 6.41L10.9478 12L5.38525 17.59L6.78834 19L12.3509 13.41L17.9135 19L19.3166 17.59L13.754 12L19.3166 6.41Z" fill="white"/> </mask> <g mask="url(#maskClose)"> <rect x="0.409668" width="23.8823" height="24" fill="#FFFFFF"/> </g> </svg> </div>  <div class="jp-carousel-info"> <div class="jp-carousel-info-footer"> <div class="jp-carousel-pagination-container"> <div class="jp-swiper-pagination swiper-pagination"></div> <div class="jp-carousel-pagination"></div> </div> <div class="jp-carousel-photo-title-container"> <h2 class="jp-carousel-photo-caption"></h2> </div> <div class="jp-carousel-photo-icons-container"> <a href="#" class="jp-carousel-icon-btn jp-carousel-icon-info" aria-label="Toggle photo metadata visibility"> <span class="jp-carousel-icon"> <svg width="25" height="24" viewBox="0 0 25 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <mask id="maskInfo" mask-type="alpha" maskUnits="userSpaceOnUse" x="2" y="2" width="21" height="20"> <path fill-rule="evenodd" clip-rule="evenodd" d="M12.7537 2C7.26076 2 2.80273 6.48 2.80273 12C2.80273 17.52 7.26076 22 12.7537 22C18.2466 22 22.7046 17.52 22.7046 12C22.7046 6.48 18.2466 2 12.7537 2ZM11.7586 7V9H13.7488V7H11.7586ZM11.7586 11V17H13.7488V11H11.7586ZM4.79292 12C4.79292 16.41 8.36531 20 12.7537 20C17.142 20 20.7144 16.41 20.7144 12C20.7144 7.59 17.142 4 12.7537 4C8.36531 4 4.79292 7.59 4.79292 12Z" fill="white"/> </mask> <g mask="url(#maskInfo)"> <rect x="0.8125" width="23.8823" height="24" fill="#FFFFFF"/> </g> </svg> </span> </a> <a href="#" class="jp-carousel-icon-btn jp-carousel-icon-comments" aria-label="Toggle photo comments visibility"> <span class="jp-carousel-icon"> <svg width="25" height="24" viewBox="0 0 25 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <mask id="maskComments" mask-type="alpha" maskUnits="userSpaceOnUse" x="2" y="2" width="21" height="20"> <path fill-rule="evenodd" clip-rule="evenodd" d="M4.3271 2H20.2486C21.3432 2 22.2388 2.9 22.2388 4V16C22.2388 17.1 21.3432 18 20.2486 18H6.31729L2.33691 22V4C2.33691 2.9 3.2325 2 4.3271 2ZM6.31729 16H20.2486V4H4.3271V18L6.31729 16Z" fill="white"/> </mask> <g mask="url(#maskComments)"> <rect x="0.34668" width="23.8823" height="24" fill="#FFFFFF"/> </g> </svg> <span class="jp-carousel-has-comments-indicator" aria-label="This image has comments."></span> </span> </a> </div> </div> <div class="jp-carousel-info-extra"> <div class="jp-carousel-info-content-wrapper"> <div class="jp-carousel-photo-title-container"> <h2 class="jp-carousel-photo-title"></h2> </div> <div class="jp-carousel-comments-wrapper"> <div id="jp-carousel-comments-loading"> <span>Loading Comments...</span> </div> <div class="jp-carousel-comments"></div> <div id="jp-carousel-comment-form-container"> <span id="jp-carousel-comment-form-spinner"> </span> <div id="jp-carousel-comment-post-results"></div> <form id="jp-carousel-comment-form"> <label for="jp-carousel-comment-form-comment-field" class="screen-reader-text">Write a Comment...</label> <textarea name="comment" class="jp-carousel-comment-form-field jp-carousel-comment-form-textarea" id="jp-carousel-comment-form-comment-field" placeholder="Write a Comment..." ></textarea> <div id="jp-carousel-comment-form-submit-and-info-wrapper"> <div id="jp-carousel-comment-form-commenting-as"> <fieldset> <label for="jp-carousel-comment-form-email-field">Email</label> <input type="text" name="email" class="jp-carousel-comment-form-field jp-carousel-comment-form-text-field" id="jp-carousel-comment-form-email-field" /> </fieldset> <fieldset> <label for="jp-carousel-comment-form-author-field">Name</label> <input type="text" name="author" class="jp-carousel-comment-form-field jp-carousel-comment-form-text-field" id="jp-carousel-comment-form-author-field" /> </fieldset> <fieldset> <label for="jp-carousel-comment-form-url-field">Website</label> <input type="text" name="url" class="jp-carousel-comment-form-field jp-carousel-comment-form-text-field" id="jp-carousel-comment-form-url-field" /> </fieldset> </div> <input type="submit" name="submit" class="jp-carousel-comment-form-button" id="jp-carousel-comment-form-button-submit" value="Post Comment" /> </div> </form> </div> </div> <div class="jp-carousel-image-meta"> <div class="jp-carousel-title-and-caption"> <div class="jp-carousel-photo-info"> <h3 class="jp-carousel-caption" itemprop="caption description"></h3> </div> <div class="jp-carousel-photo-description"></div> </div> <ul class="jp-carousel-image-exif" style="display: none;"></ul> <a class="jp-carousel-image-download" href="#" target="_blank" style="display: none;"> <svg width="25" height="24" viewBox="0 0 25 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <mask id="mask0" mask-type="alpha" maskUnits="userSpaceOnUse" x="3" y="3" width="19" height="18"> <path fill-rule="evenodd" clip-rule="evenodd" d="M5.84615 5V19H19.7775V12H21.7677V19C21.7677 20.1 20.8721 21 19.7775 21H5.84615C4.74159 21 3.85596 20.1 3.85596 19V5C3.85596 3.9 4.74159 3 5.84615 3H12.8118V5H5.84615ZM14.802 5V3H21.7677V10H19.7775V6.41L9.99569 16.24L8.59261 14.83L18.3744 5H14.802Z" fill="white"/> </mask> <g mask="url(#mask0)"> <rect x="0.870605" width="23.8823" height="24" fill="#FFFFFF"/> </g> </svg> <span class="jp-carousel-download-text"></span> </a> <div class="jp-carousel-image-map" style="display: none;"></div> </div> </div> </div> </div> </div> </div> <script type="text/javascript"> window.WPCOM_sharing_counts = {"https:\/\/steveblank.com\/2011\/11\/30\/youll-be-dead-soon-carpe-diem\/":10464,"https:\/\/steveblank.com\/2011\/11\/15\/scientists-unleashed\/":10414,"https:\/\/steveblank.com\/2011\/11\/01\/steel-in-their-eyes-why-vc%e2%80%99s-should-be-startup-ceo%e2%80%99s\/":10341}; </script> <div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = 'https://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=249643311490&version=v2.3'; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script> <script> document.body.addEventListener( 'is.post-load', function() { if ( 'undefined' !== typeof FB ) { FB.XFBML.parse(); } } ); </script> <script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');</script> <script type="text/javascript"> ( function () { var currentScript = document.currentScript; // Helper function to load an external script. function loadScript( url, cb ) { var script = document.createElement( 'script' ); var prev = currentScript || document.getElementsByTagName( 'script' )[ 0 ]; script.setAttribute( 'async', true ); script.setAttribute( 'src', url ); prev.parentNode.insertBefore( script, prev ); script.addEventListener( 'load', cb ); } function init() { loadScript( 'https://platform.linkedin.com/in.js?async=true', function () { if ( typeof IN !== 'undefined' ) { IN.init(); } } ); } if ( document.readyState === 'loading' ) { document.addEventListener( 'DOMContentLoaded', init ); } else { init(); } document.body.addEventListener( 'is.post-load', function() { if ( typeof IN !== 'undefined' ) { IN.parse(); } } ); } )(); </script> <script type="text/javascript"> ( function () { // Pinterest shared resources var s = document.createElement( 'script' ); s.type = 'text/javascript'; s.async = true; s.setAttribute( 'data-pin-hover', true ); s.src = window.location.protocol + '//assets.pinterest.com/js/pinit.js'; var x = document.getElementsByTagName( 'script' )[ 0 ]; x.parentNode.insertBefore(s, x); // if 'Pin it' button has 'counts' make container wider function init() { var shares = document.querySelectorAll( 'li.share-pinterest' ); for ( var i = 0; i < shares.length; i++ ) { var share = shares[ i ]; var countElement = share.querySelector( 'a span' ); if (countElement) { var countComputedStyle = window.getComputedStyle(countElement); if ( countComputedStyle.display === 'block' ) { var countWidth = parseInt( countComputedStyle.width, 10 ); share.style.marginRight = countWidth + 11 + 'px'; } } } } if ( document.readyState !== 'complete' ) { document.addEventListener( 'load', init ); } else { init(); } } )(); </script> <script id="tumblr-js" type="text/javascript" src="https://assets.tumblr.com/share-button.js"></script> <script> ( function () { var currentScript = document.currentScript; // Don't use Pocket's default JS as it we need to force init new Pocket share buttons loaded via JS. function jetpack_sharing_pocket_init() { var script = document.createElement( 'script' ); var prev = currentScript || document.getElementsByTagName( 'script' )[ 0 ]; script.setAttribute( 'async', true ); script.setAttribute( 'src', 'https://widgets.getpocket.com/v1/j/btn.js?v=1' ); prev.parentNode.insertBefore( script, prev ); } if ( document.readyState === 'loading' ) { document.addEventListener( 'DOMContentLoaded', jetpack_sharing_pocket_init ); } else { jetpack_sharing_pocket_init(); } document.body.addEventListener( 'is.post-load', jetpack_sharing_pocket_init ); } )(); </script> <script type="text/javascript" id="custom-content-types-data-js-before"> /* <![CDATA[ */ var CUSTOM_CONTENT_TYPE__INITIAL_STATE; typeof CUSTOM_CONTENT_TYPE__INITIAL_STATE === "object" || (CUSTOM_CONTENT_TYPE__INITIAL_STATE = JSON.parse(decodeURIComponent("%7B%22active%22%3Atrue%2C%22over_ride%22%3Afalse%7D"))); /* ]]> */ </script> <script type="text/javascript" id="jetpack-carousel-js-extra"> /* <![CDATA[ */ var jetpackSwiperLibraryPath = {"url":"https:\/\/steveblank.com\/wp-content\/plugins\/jetpack\/_inc\/build\/carousel\/swiper-bundle.min.js"}; var jetpackCarouselStrings = {"widths":[370,700,1000,1200,1400,2000],"is_logged_in":"","lang":"en","ajaxurl":"https:\/\/steveblank.com\/wp-admin\/admin-ajax.php","nonce":"9e557672c0","display_exif":"1","display_comments":"1","single_image_gallery":"1","single_image_gallery_media_file":"","background_color":"black","comment":"Comment","post_comment":"Post Comment","write_comment":"Write a Comment...","loading_comments":"Loading Comments...","image_label":"Open image in full-screen.","download_original":"View full size <span class=\"photo-size\">{0}<span class=\"photo-size-times\">\u00d7<\/span>{1}<\/span>","no_comment_text":"Please be sure to submit some text with your comment.","no_comment_email":"Please provide an email address to comment.","no_comment_author":"Please provide your name to comment.","comment_post_error":"Sorry, but there was an error posting your comment. Please try again later.","comment_approved":"Your comment was approved.","comment_unapproved":"Your comment is in moderation.","camera":"Camera","aperture":"Aperture","shutter_speed":"Shutter Speed","focal_length":"Focal Length","copyright":"Copyright","comment_registration":"0","require_name_email":"0","login_url":"https:\/\/steveblank.com\/wp-login.php?redirect_to=https%3A%2F%2Fsteveblank.com%2F2011%2F11%2F30%2Fyoull-be-dead-soon-carpe-diem%2F","blog_id":"1","meta_data":["camera","aperture","shutter_speed","focal_length","copyright"]}; /* ]]> */ </script> <script type='text/javascript' src='https://steveblank.com/_static/??-eJyVzEEOgzAMBMAPNViIFtpD1aegNLGowZhAYiF+Dwe4VnDcXe3MwbhBEkqCwNqQRGgxBes6qEkcfJXYg7PToBH52MxRZD1J1sbbfIpJxOhNY5lxWv6layxThxFGRcWfFb8B+//Tv/OquBeP5ysvVyM2V4w='></script> <script type="text/javascript" src="https://stats.wp.com/e-202508.js" id="jetpack-stats-js" data-wp-strategy="defer"></script> <script type="text/javascript" id="jetpack-stats-js-after"> /* <![CDATA[ */ _stq = window._stq || []; _stq.push([ "view", JSON.parse("{\"v\":\"ext\",\"blog\":\"6599589\",\"post\":\"0\",\"tz\":\"-8\",\"srv\":\"steveblank.com\",\"hp\":\"atomic\",\"ac\":\"2\",\"amp\":\"0\",\"j\":\"1:14.4-a.3\"}") ]); _stq.push([ "clickTrackerInit", "6599589", "0" ]); /* ]]> */ </script> <script type="text/javascript" src="https://steveblank.com/wp-includes/js/jquery/jquery.min.js?ver=3.7.1" id="jquery-core-js"></script> <script type='text/javascript' src='https://steveblank.com/_static/??wp-includes/js/jquery/jquery-migrate.min.js,wp-includes/js/swfobject.js?m=1686289764'></script> <script type="text/javascript" src="https://v0.wordpress.com/js/videopress.js?ver=1.09" id="videopress-js"></script> <script type="text/javascript" id="media-video-jwt-bridge-js-extra"> /* <![CDATA[ */ var videopressAjax = {"ajaxUrl":"https:\/\/steveblank.com\/wp-admin\/admin-ajax.php","bridgeUrl":"https:\/\/steveblank.com\/wp-content\/plugins\/jetpack\/jetpack_vendor\/automattic\/jetpack-videopress\/src\/..\/build\/lib\/token-bridge.js","post_id":"10464"}; /* ]]> */ </script> <script type="text/javascript" src="https://steveblank.com/wp-content/plugins/jetpack/jetpack_vendor/automattic/jetpack-videopress/src/../build/lib/token-bridge.js?ver=0.25.11" id="media-video-jwt-bridge-js"></script> <script type="text/javascript" id="sharing-js-js-extra"> /* <![CDATA[ */ var sharing_js_options = {"lang":"en","counts":"1","is_stats_active":"1"}; /* ]]> */ </script> <script type="text/javascript" src="https://steveblank.com/wp-content/plugins/jetpack/_inc/build/sharedaddy/sharing.min.js?ver=14.4-a.3" id="sharing-js-js"></script> <script type="text/javascript" id="sharing-js-js-after"> /* <![CDATA[ */ var windowOpen; ( function () { function matches( el, sel ) { return !! ( el.matches && el.matches( sel ) || el.msMatchesSelector && el.msMatchesSelector( sel ) ); } document.body.addEventListener( 'click', function ( event ) { if ( ! event.target ) { return; } var el; if ( matches( event.target, 'a.share-facebook' ) ) { el = event.target; } else if ( event.target.parentNode && matches( event.target.parentNode, 'a.share-facebook' ) ) { el = event.target.parentNode; } if ( el ) { event.preventDefault(); // If there's another sharing window open, close it. if ( typeof windowOpen !== 'undefined' ) { windowOpen.close(); } windowOpen = window.open( el.getAttribute( 'href' ), 'wpcomfacebook', 'menubar=1,resizable=1,width=600,height=400' ); return false; } } ); } )(); var windowOpen; ( function () { function matches( el, sel ) { return !! ( el.matches && el.matches( sel ) || el.msMatchesSelector && el.msMatchesSelector( sel ) ); } document.body.addEventListener( 'click', function ( event ) { if ( ! event.target ) { return; } var el; if ( matches( event.target, 'a.share-telegram' ) ) { el = event.target; } else if ( event.target.parentNode && matches( event.target.parentNode, 'a.share-telegram' ) ) { el = event.target.parentNode; } if ( el ) { event.preventDefault(); // If there's another sharing window open, close it. if ( typeof windowOpen !== 'undefined' ) { windowOpen.close(); } windowOpen = window.open( el.getAttribute( 'href' ), 'wpcomtelegram', 'menubar=1,resizable=1,width=450,height=450' ); return false; } } ); } )(); /* ]]> */ </script> <iframe src='https://widgets.wp.com/likes/master.html?ver=20250217#ver=20250217&n=1' scrolling='no' id='likes-master' name='likes-master' style='display:none;'></iframe> <div id='likes-other-gravatars' class='wpl-new-layout' role="dialog" aria-hidden="true" tabindex="-1"><div class="likes-text"><span>%d</span></div><ul class="wpl-avatars sd-like-gravatars"></ul></div> </body> </html>