Steve Blank

SEPTEMBER 5, 2018

It’s the antithesis of the Lean Startup. The mantra of “ first mover advantage ,” the idea that winners are the ones who are the first entrants in their market, became the conventional wisdom of investors in Silicon Valley.“ Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money.

Lean 335

Lean Burn Rate Startup IPO 335

Both Sides of the Table

APRIL 19, 2011

He tells the story of how he was out of cash, stressed out, nobody in LA or Silicon Valley would give him money, he had finally found an investor in Minneapolis but his venture bank was going to shut him down for breaking a “covenant&# in their agreement by not having enough cash in the bank.

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

500hats.com

AUGUST 2, 2012

note: apologies in advance for the west coast bias; i’m in silicon valley). One of the earliest and most well-known of the Micro-VC funds was First Round Capital , founded in 2004 by Josh Kopelman , a former entrepreneur who sold Half.com to eBay in 2000. but the food was awesome, & the PR wasn’t bad either).

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

www.chubbybrain.com

SEPTEMBER 28, 2011

Too much PR, too early. Hiring is hard, and without proper experience, we should have leaned more heavily on our investors to help us with this decision. Title: Startup: A Silicon Valley Adventure. A couple of friendly amendments: * Two commenters on a May 2004 blog post, Whither Trepia? Too much money.

Software Review 79

Software Review Startup Technical Review Vesting 79