One of the million dollar question among developers, engineers and entrepreneurs in the tech world in Silicon Valley is, “how can I (or we) build a great start-up?” Exploring this singular question of what makes a start-up great opens up a larger discussion that includes myriad others. Should your priorities lie in exploring the dynamic yet saturated social space, or should you consider a more physical trend such as education, food or finance? Once you come up with an concept, how should you go about executing a plan? How do you grow the model? How do I select a team?
Steve Blank was a serial entrepreneur before he retired after founding no less than eight companies. Now, he educates fledgling entrepenuers on how to navigate the often-chaotic and seemingly-disorganized process. In the following clip, Blank explains that in order to start a start-up, one must ponder yet another question: what exactly is a start-up anyway?