Steve Blank

MARCH 18, 2011

The Golden Age (1970 – 1995): Build a growing business with a consistently profitable track record (after at least 5 quarters,) and go public when it’s time. Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability.

Internet 334

Internet IPO Silicon Valley Agile 334

Steve Blank

JULY 15, 2010

Until 1995 startups going public typically had a track record of revenue and profits. Netscape’s 1995 IPO changed the rules. The size of the red bars (IPO’s) versus blue (mergers and acquisitions) illustrates that while venture-backed startups did get acquired, the IPO market was booming. Source: NVCA.). Free At Last.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Steve Blank

AUGUST 5, 2010

I think you can blame Customer and Agile Development for a small part of it. One could argue that there’s nothing new here, as Internet distibution models started in 1995. Quickly iterate the product in front of customers. Lean VC’s are expert in on-line distribution, Agile and Customer Development.

Lean 258

Lean Internet Silicon Valley Venture Capital 258