Remove 1998 Remove Business Model Remove Marketing Remove Revenue
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It’s Morning in Venture Capital

Both Sides of the Table

There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade.

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Revenue Development

K9 Ventures

We really were doing the i-thing before Apple came out with its first iMac in 1998. It wasn’t that they didn’t want to pay, but for anything above a certain dollar amount, it had to be a committee decision, and Universities are a notoriously bad market to crack (probably second to the government). The product worked.

Revenue 72
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Why Pioneers Have Arrows In Their Backs

Steve Blank

Over time the idea that winners in new markets are the ones who have been the first (not just early) entrants into their categories became unchallenged conventional wisdom in Silicon Valley. The irony is that in a retrospective paper ten years later (1998), [ 2 ] the authors backed off from their claims. First to have a working model.

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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. They made other assumptions about the type of sales channel, partnerships and revenue model they would need. In the eleven years since they had been at work, Iridium’s potential market had shrunk nearly every day. What went wrong?

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Recurring Revenue is Magic

Seeing Both Sides

In 1998, Yom Kippur fell on September 30th. But many years later, I began to appreciate that one of our core flaws was our business model. As a result, the full revenue for each deal was recognized in that quarter as soon as the software was shipped. This allowed our revenue to skyrocket from $1.8 million to $22.5

Revenue 54
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Gaming is Eating the World

VC Cafe

Newzoo estimates the global games market revenue at approximately $150 Billion in 2019, across all platforms, devices etc. This makes the gaming market already much bigger than the movie or music industries combined. 2019 Global Games Market – Newzoo. 2019 Global Games Market – Newzoo. Billion in 2019.

Global 131
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New Rules for the New Internet Bubble

Steve Blank

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