1998 Acquisition Business Model PR 
Steve Blank
MARCH 18, 2011
After the dot.com bubble collapsed, venture investors spent the next three years doing triage, sorting through the rubble to find companies that weren’t bleeding cash and could actually be turned into businesses. Tech IPOs were a receding memory, and mergers and acquisitions became the only path to liquidity for startups.
www.paulgraham.com
OCTOBER 23, 2010
Microsofts originalplan was to make money selling programming languages, of all things.Their current business model didnt occur to them until IBM droppedit in their lap five years later. So the acquisition came toa screeching halt while we tried to sort this out. Back in 1998 our CFOtried to talk me into it.
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