Remove 2000 Remove Cofounder Remove Entrepreneur Remove IRR
article thumbnail

ESADE Business School Commencement Speech

Steve Blank

I’m honored to be at a university noted for knowledge, and in a city with 2000 years of history – home of Gaudí one of the 20 th century’s greatest innovators. I like the guy because he’s credited with coining the word entrepreneur. If they don’t, then the management team has simply become caretakers of the founders’ legacy.

article thumbnail

The VC Shakeout: Are We There Yet?

Agile VC

Sarah also points to the vast global wealth that has to get allocated somewhere as well as a small bump in long term average returns, now that the generally terrible performance of funds from the 2000-2002 time frame (after the tech bubble of the late 90s crashed) no longer factor in to 10 year returns.

LP 154