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Location: Cooley Godward Kronish LLP
Lean Startups – Do They Really Work?
Venture backed high-tech startups are notoriously difficult to manage. Product development comes in over budget and behind schedule, draining cash reserves and squandering revenue opportunities. Many fail outright. Often times, when customers finally get their hands on the first release, it is difficult to use and full of bugs. Worst of all, the product may work as specified, but there are simply no customers willing to pay to use it.
So, as a startup founder, what can you do to avoid these pitfalls? Well, the theory goes that lean startups can attain significantly lower development costs, quicker time to market, better quality products in a shorter time, AND deliver solutions customers want, far more effectively than their heavily financed competitors. That’s not to say that they don’t need some venture capital, but whether in fact they deliver on the promise, including providing dramatically higher returns for investors, is not a clear cut case.
So come and hear this lively debate, to understand if the Lean Startup route is for you!
· What are the characteristics of a lean startup?
· Will a lean startup business model lead to significantly greater returns for the investor?
· What is minimum viable product?
· How do you define your market?
The Panel:
· Steve Blank, Founder, E.piphany
· Rob Hayes, Partner, First Round Capital
· Craig Jacoby, Partner, Cooley Godward Kronish LLP
· Sean K. Murphy, CEO, SKMurphy, Inc.
· Rashmi Sinha, Cofounder & CEO, SlideShare, Inc.
Moderator: Jonathan Abrams, Founder & CEO, Socializr
WHEN: Thursday, October 29
6:00 – 7:00 pm: Networking and hors d’oeuvres
7:00 – 8:15 pm: Panel Discussion and Q&A
8:15 – 8:30 pm: Additional Networking
LOCATION: Cooley Godward Kronish LLP,
PRE-REGISTERED RATES (All Rates Include Hors D’oeuvres):
Members - $20 Affiliates who advertise this event - $29; General Public - $49
WALK-IN RATES: Add $10.00 to listed price
This event is co-sponsored by Cooley Godward Kronish LLP, http://www.cooley.com
Seating is limited, so early registration is recommended to avoid disappointment on the day.
Speakers’ Bios
Steve Blank, Founder, E.piphany
Put to a vote I might have been chosen “least likely to succeed” in my
After 21 years in 8 high technology companies, I retired in 1999. My last company, E.piphany, started in my living room in 1996. My other startups include two semiconductor companies (Zilog and MIPS Computers), a workstation company (Convergent Technologies), a supercomputer firm (Ardent), a computer peripheral supplier (SuperMac), a military intelligence systems supplier (ESL) and a video game company (Rocket Science Games).
Total score: two large craters (Rocket Science and Ardent), one dot.com bubble home run (E.piphany) and several base hits.
After I retired, I took some time to reflect on my experience and wrote a book (actually my class text) about building early stage companies: Four Steps to the Epiphany. I moved from being an entrepreneur to teaching entrepreneurship to both undergraduate and graduate students at U.C. Berkeley,
In 2007 Governor Arnold Schwarzenegger appointed me to serve on the California Coastal Commission, the public body which regulates land use and public access on the
I currently Chair the board of Audubon
Rob Hayes, Partner, First Round Capital
Rob joined First Round Capital in 2006. Rob came to First Round Capital from Omidyar Network where he was their first venture investor. He led most of Omidyar Network's initial venture capital deals and later built and ran the technology investing group.
Prior to joining Omidyar Network in 2004, Rob was at Palm where he started up their corporate venture fund. While in that role, he also managed the strategy effort around Palm OS that led to the spinout of PalmSource. Rob started at Palm as product manager for the initial device-independent releases of Palm OS. During this time, Rob was responsible for the versions of Palm OS on dozens of devices including the initial Treo products.
Rob previously spearheaded complex, system-level product development efforts at companies such as Geoworks and Go Corp where he focused on building products for the Japanese market. He began his career with the Japan External Trade Organization, studying international trade issues and building relationships between US and Japanese businesses, at a time when trade friction between the two countries was at its peak.
Rob has an MBA from
Craig Jacoby, Partner, Cooley Godward Kronish LLP
Craig Jacoby is a partner in the Cooley Godward Kronish Business department. Mr. Jacoby joined the Firm in 1997, and is resident in the
Mr. Jacoby received a J.D., with distinction, in 1996 from
Following law school, Mr. Jacoby was a judicial clerk with the Honorable Charles A. Legge of the U.S. District Court for the Northern District of California.
Concurrently with a J.D., Mr. Jacoby received a M.A. in International Studies from the Paul H. Nitze School of Advanced International Studies (
Mr. Jacoby received a B.A. in English and Economics, magna cum laude, in 1990 from the
Mr. Jacoby is a member of the California Bar Association and is admitted to practice before the U.S. District Court for the Northern District of California. He co-founded the non-profit organization VolunteerMatch and serves as the Chairman of the Board.
He is also a member of the firm's Pro Bono Committee.
Sean Murphy, CEO, SKMurphy, Inc.
Sean Murphy has taken an entrepreneurial approach to life since he could drive. He has served as an advisor to dozens of startups, helping them explore new options and bring their businesses to new levels. His firm, SKMurphy, Inc. (www.skmurphy.com), focuses on early customers and early revenue for software startups, helping engineers to understand customer development. He has helped clients with offerings in electronic design automation, artificial intelligence, web-enabled collaboration, proteomics, text analytics, legal services automation, and medical services workflow. He founded Bootstrappers Breakfast (www.bootstrappersbreakfast.com) a growing entrepreneur community committed to serious conversations about growing a business based on internal cash flow and organic profit. Sean authors an EETimes featured blog (www.skmurphy.com/blog).
Sean has a BS in Mathematical Sciences and an MS in Engineering-Economic Systems from Stanford.
Rashmi Sinha, Cofounder & CEO, SlideShare
Rashmi Sinha is cofounder and CEO for SlideShare, the world's largest community for sharing presentations and documents. SlideShare is growing rapidly (more than 18 million monthly uniques) letting everyone from marketers, conference speakers and academicians share presentations and connect with others.
Rashmi has a PhD in Cognitive Psychology from
Jonathan Abrams, Founder & CEO, Socializr
Jonathan Abrams is the founder and CEO of Socializr, a new web service offering free online event invitations, and innovative ways to share event and party information with your friends. Jonathan is an award-winning serial entrepreneur who was hailed as "The Social Pioneer" by Vanity Fair in June 2008 for creating the pioneering social networking service Friendster.
Jonathan is the inventor of a United States Patent for a "System, method, and apparatus for connecting users in an online computer system based on their relationships within social networks."
Previously, Jonathan was the founder & CEO of the social bookmarking startup HotLinks, and worked as a software engineer at companies such as Netscape and Nortel. Jonathan holds an Honors B.Sc. in Computer Science from
Jonathan was named a "Breakout star of 2003" by Entertainment Weekly, and as one of Advertising Age Magazine’s "Entertainment Marketers of the year." Jonathan has also been honored as one of the world’s top young innovators by the MIT Technology Review, and nominated in the software designer category for the 2004 Wired Rave Awards. Jonathan was named as one of the ten sexiest Canadian Jewish Internet entrepreneurs in
Jonathan is the co-owner of
Jonathan is a member of the advisory board of the Silicon Valley Association of Startup Entrepreneurs, and has been extensively involved in the Silicon Valley entrepreneurial community, including past roles such as co-chair of the SDForum Venture Finance SIG, moderator of the SVASE CTO Forum, and a judge for the Stanford Entrepreneur's Challenge business plan contest, the UC Berkeley Business Plan Competition, and the Stanford-Berkeley Innovators' Challenge. Jonathan has also been a mentor for the Global Social Venture Competition, the Haas School of Business/Columbia Business School National Social Venture Competition, and the Forum for Women Entrepreneurs.