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Mastering modern entrepreneurship | Building lean, starting young, and studying customers | Steve Blank (Author of The Four Steps to the Epiphany)
Steve Blank, an Adjunct Professor at Stanford University, is widely regarded as the father of modern entrepreneurship. Prior to academia, Steve’s career spanned eight different startups. Credited with launching the Lean Startup movement with his May 2013 Harvard Business Review cover story, Steve has changed how startups are built, and how entrepreneurship is taught. Steve is also the renowned author of The Four Steps to the Epiphany and The Startup Owner’s Manual.
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In today’s episode, we discuss:
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Referenced:
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Where to find Steve:
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Where to find Brett:
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Where to find First Round Capital:
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Timestamps:
(00:00) Introduction
(02:20) Why there aren’t more successful startups
(06:07) Outlier founders have similar childhoods
(10:34) How to be a successful founder CEO
(12:00) Why entrepreneurship should be taught in schools
(16:39) The importance of curiosity
(19:57) The role of instincts in entrepreneurship
(22:31) Having profound beliefs in a vision
(24:17) Building in existing versus new markets
(29:09) What second-time founders can get wrong
(33:49) Why founders need to be irrational
(39:28) Common traits shared by outlier founders
(45:05) Evaluating what makes a startup successful
(49:44) Steve’s assessment of Satya Nadella at Microsoft
(52:26) What it takes to build an incredible company
(60:45) The Four Steps to the Epiphany in 2023
(64:36) The origins of The Four Steps to the Epiphany
View all episodes
By First Round
4.8
5757 ratings
Steve Blank, an Adjunct Professor at Stanford University, is widely regarded as the father of modern entrepreneurship. Prior to academia, Steve’s career spanned eight different startups. Credited with launching the Lean Startup movement with his May 2013 Harvard Business Review cover story, Steve has changed how startups are built, and how entrepreneurship is taught. Steve is also the renowned author of The Four Steps to the Epiphany and The Startup Owner’s Manual.
—
In today’s episode, we discuss:
—
Referenced:
—
Where to find Steve:
—
Where to find Brett:
—
Where to find First Round Capital:
—
Timestamps:
(00:00) Introduction
(02:20) Why there aren’t more successful startups
(06:07) Outlier founders have similar childhoods
(10:34) How to be a successful founder CEO
(12:00) Why entrepreneurship should be taught in schools
(16:39) The importance of curiosity
(19:57) The role of instincts in entrepreneurship
(22:31) Having profound beliefs in a vision
(24:17) Building in existing versus new markets
(29:09) What second-time founders can get wrong
(33:49) Why founders need to be irrational
(39:28) Common traits shared by outlier founders
(45:05) Evaluating what makes a startup successful
(49:44) Steve’s assessment of Satya Nadella at Microsoft
(52:26) What it takes to build an incredible company
(60:45) The Four Steps to the Epiphany in 2023
(64:36) The origins of The Four Steps to the Epiphany
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