The Rise of Venture Capital in Silicon Valley

Retired serial entrepreneur Steve Blank, creator of the “Lean LaunchPad” methodology for startups, discusses Silicon Valley’s roots as the epicenter of electronic warfare in the mid-20th century and how the region’s innovation ecosystem formed. An adjunct professor in Stanford’s Department of Management Science & Engineering, Blank also walks through the lean-startup movement and how its principles are now helping the U.S. government innovate faster in the areas of basic science, health, national defense and international diplomacy.