2008 Initial Public Offering Software Review Venture Capital 
Steve Blank
OCTOBER 24, 2017
A version of this article is in the Harvard Business Review. 20th Century Tech Liquidity = Initial Public Offering. In the 20th century tech companies and their investors made money through an Initial Public Offering (IPO). For three decades (1978-2008), investors controlled the board.
Pascal's View
SEPTEMBER 7, 2009
Unfortunately, Mr. Slywotzky makes an important assertion about venture capital that is incorrect. “… in recent years, outsourced software and manufacturing jobs have largely been replaced by millions of low-wage service jobs in fast-food, retail, and the like. ” PASCAL’S COMMENT: Correct!
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