Steve Blank

SEPTEMBER 14, 2009

On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.) They taught you about customers, markets and profits. The world of building profitable startups as the primary goal of Venture Capital would end in 1995.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

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

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Startup lifecycle in an IPO Market. Until 1995 startups going public typically had a track record of revenue and profits. Until 1995 startups going public typically had a track record of revenue and profits.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Steve Blank

AUGUST 5, 2010

In 1980 Genentech became the first IPO of a venture funded biotech company. One could argue that there’s nothing new here, as Internet distibution models started in 1995. But scaling customer acquisition may take the same amount of dollars as a traditional software startup. ). Lean VC’s are Different.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Both Sides of the Table

MARCH 11, 2011

In 1995 Netscape IPO’d and browsers started to become more prevalent. He wanted to build direct customer relationships to get product feedback but only 2% of customers would ever return their registration cards. That gave Google a huge cost advantage.

Product 350

Product Tuvalu Dilution Incubator 350