This post previously appeared in Poets and Quants. We just finished the 14th annual Lean LaunchPad class at Stanford. The class had gotten so popular that in 2021 we started teaching it in both the winter and spring sessions. During the quarter the eight teams spoke to 919 potential customers, beneficiaries and regulators. Most students spent 15-20 hours a week on the class, about double that of a normal class. In the 14 years we’ve been teaching the class, we had something that has never happened before – all eight teams in this cohort have decided to start a company. This Class Launched ..read more

We just finished our 9th annual Hacking for Defense class at Stanford. What a year. Hacking for Defense, now in 60 universities, has teams of students working to understand and help solve national security problems. At Stanford this quarter the 8 teams of 40 students collectively interviewed 968 beneficiaries, stakeholders, requirements writers, program managers, industry partners, etc. – while simultaneously building a series of minimal viable products and developing a path to deployment. At the end of the quarter, each of the teams gave a final “Lessons Learned” presentation. Unlike tra ..read more

Join us for the final presentations of our two Stanford classes this Tuesday June 4th and Wednesday June 5th. Tuesday = Hacking for Defense Wednesday = Lean Launchpad The presentations just get better every year.  Attend in person or via Zoom. This year AI seems to be part of almost every team. Zoom link and RSVP for Hacking for Defense here Zoom link and RSVP for Lean LaunchPad here ..read more

Gordon Bell passed on this month. I was a latecomer in Gordon Bell’s life.  But he made a lasting impact on mine. The first time I laid eyes on Gordon Bell was in 1984 outside a restaurant in a Boston suburb when he pulled up in a Porsche. I was the head of Marketing for MIPS Computer, a RISC chip startup. The entire company (all of five of us) were out visiting the east coast to meet Prime Computer who would become our first major customer. (When Gordon was CTO of Encore Computer he encouraged the MIPS founders to start the company, thinking they could provide the next processor for his ..read more

Ilya Strebulaev at the Stanford Graduate School of Business and Director of the Stanford Venture Capital Initiative just came out with a book that should be on your reading list – The Venture Mindset. The books premise is that Venture Capitalists (who were responsible for the launch of one-fifth of the 300 largest U.S. public companies) have a different mindset then that found in the rest of the business world (and I would add in government agencies.) All these startups could have come from inside an existing company—but they didn’t. The book answers why that’s so. And why are venture firms g ..read more

This part 2 of the Secret History of Polaroid and Edwin Land. Read part 1 for context. Kodak and Polaroid, the two most famous camera companies of the 20th century, had a great partnership for 20+ years. Then in an inexplicable turnabout Kodak decided to destroy Polaroid’s business. To this day, every story of why Kodak went to war with Polaroid is wrong. The real reason can be found in the highly classified world of overhead reconnaissance satellites. Here’s the real story. In April 1969 Kodak tore up a 20-year manufacturing partnership with Polaroid. In a surprise to everyone at Polaroid, Ko ..read more

The connections between the world of national security and commercial companies still has surprises. December 1976 – Vandenberg Air Force Base, U.S. military space port on the coast of California As a Titan IIID rocket blasted off, it carried a spacecraft on top that would change everything about how intelligence from space was gathered. Heading to space was the first digital photo reconnaissance satellite. A revolution in spying from space had just begun. For the previous 16 years three generations of U.S. photo reconnaissance satellites (257 in total) took pictures of the Soviet Union on fil ..read more

One of the most exciting things a startup CEO in a business-to-business market can hear from a potential customer is, “We’re excited. When can you come back and show us a prototype?” This can be the beginning of a profitable customer relationship or a disappointing sinkhole of wasted time, money, resources, and a demoralized engineering team. It all depends on one question every startup CEO needs to ask. I was having coffee and pastries with Justin, an ex-student, listening to him to complain over the time he wasted with a potential customer. He was building a complex robotic system for factor ..read more

This article first appeared in Inc. Capitalism has been good to me. After serving in the military during Vietnam, I came home and had a career in eight startups. I got to retire when I was 45. Over the last quarter century, in my third career, I helped create the methods entrepreneurs use to build new startups, while teaching 1,000’s of students how to start new ventures. It’s been rewarding to see tech entrepreneurship become an integral part of the economy and tech companies become some of the most valued companies in the world. What has made this happen is the relentless cycle of innovation ..read more

We just wrapped up the third year of our Technology, Innovation, and Great Power Competition class –part of Stanford’s Gordian Knot Center for National Security Innovation. Joe Felter, Mike Brown and I teach the class to: Give our students an appreciation of the challenges and opportunities for the United States in its enduring strategic competition with the People’s Republic of China, Russia and other rivals. Offer insights on how commercial technology (AI, autonomy, cyber, quantum, semiconductors, access to space, biotech, hypersonics, and others) are radically changing how we will compete ..read more