– Venture Capital – Steve Blank – This Week in Venture Capital #70

1:00 My guest today is Steve Blank. Steve, thanks so much for joining us today! What brings you to LA? 1:45 Are you also making your Udacity class available online? 3:30 What is the class all about? 4:30 How did you come up with the idea of customer development? 11:00 How do you think the ‘failure’ culture emerged in Silicon Valley? 14:00 How can we bring that culture to other places? 16:00 Question from the chat: Is it hard to replicate Silicon Valley? Should we even try to? 20:30 Your wrote a book called “The Four Steps to Epiphany” that’s a classic, and now your newest book is “The Startup Owners Manual.” What’s that one all about? 23:45 In your online course, you talk about what makes startup companies fundamentally different. So what is that? 27:00 Steve: The secret step in the middle of a company’s lifecycle is “build.” 31:45 Is there truth to the idea that you shouldn’t force change upon entrepreneurs? 32:30 Question from the chat: What did Steve learn the most from E.piphany? 33:15 Thank you to Detroit Venture Partners for supporting the show. Everyone give them a big thanks @dvptweets. 34:45 Do ADD and entrepreneurship go hand-in-hand? 37:45 Let’s talk about the dichotomy between customer development and Y Combinator? 41:00 Do you think that sometimes the businesses that come out of YC are not fully baked? 43:30 Is Silicon Valley just trying to build “hit businesses” without a lot of thought behind them? 46:00 Do you believe that most of the disruption over the
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