After co-founding or helping to develop eight Silicon Valley startups, Stanford adjunct professor Steve Blank has a wealth of unique, well-earned insight into the state of entrepreneurship today. Blank, who is also one of the creators of the Lean Startup technique, offered some of his takes during the June 17 episode of The Human Factor, a LinkedIn video series hosted by Eric Schurenberg, CEO of Inc.'s parent company Mansueto Ventures. Here are the two biggest takeaways from the conversation.