Steve Blank

SEPTEMBER 5, 2018

Most entrepreneurs today don’t remember the Dot-Com bubble of 1995 or the Dot-Com crash that followed in 2000. As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search.

Lean 335

Lean Burn Rate Startup IPO 335

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 335

Internet IPO Silicon Valley Agile 335

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. Number of Venture Backed Liquidity Events 1991-2000. The public markets for venture-backed technology stocks never really recovered after the collapse of the dot-com boom. Source: NVCA.).

Venture Capital 303

Venture Capital IPO Liquidity Event Entrepreneur 303

Steve Blank

AUGUST 5, 2010

I think you can blame Customer and Agile Development for a small part of it. The two watershed events for biotech startups were the Bayh-Dole Act of 1980 and the Orphan Drug Act of 1983. One could argue that there’s nothing new here, as Internet distibution models started in 1995. Here’s why.

Lean 263

Lean Internet Silicon Valley Venture Capital 263

Startup Lessons Learned

MARCH 22, 2010

For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant founder. For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant founder. Substantial research shows that immigrants play a key role in American job creation. Expo SF (May.

San Francisco 121

San Francisco Indiana Lean Startup 121