Steve Blank

MARCH 31, 2014

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. But the world you lead will be much different from the one your professors knew or your predecessors managed. Thank you for the kind introduction. Now look around.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

David Teten

SEPTEMBER 16, 2014

After years of leading busy and productive lives, lying on the beach and sipping cocktails just does not cut it. Despite the difficulties in gathering it, angel return data has gradually accumulated over time and the verdict is in: we’ve looked at a dozen different studies of angel returns , and they show returns ranging from 18% to 54%. .

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

Both Sides of the Table

MAY 25, 2013

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. There have been a lot of management shuffles at Twitter. The industry isn’t dying.

LP 374

LP Later Stage IRR Term Sheet 374