Remove 2000 Remove Internet Remove IRR Remove Naming
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’m sure many of you have heard his name. President Bieto, Dean Sauquet, members of the faculty, distinguished guests, and ladies and gentlemen….Thank Now look around.

article thumbnail

As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

The better way to think about VC returns is, do the firms consistently beat alternative asset clases on an IRR basis to adjust for the increased risk and lack of liquidity? In 2000 our industry had more than $100 billion in LP money. 33% of the world is on the Internet on average of 3.1 Here the data is not always kind to VCs.

LP 374