Steve Blank

article thumbnail

Is the Lean Startup Dead?

Steve Blank

When Netscape went public, it unleashed a frenzy from the public markets for anything related to the internet and signaled to venture investors that there were massive returns to be made investing in anything internet related. After the crash, venture capital was scarce to non-existent. Then one day it was over. IPOs dried up.

Lean 335
article thumbnail

Can You Trust Any vc's Under 40?

Steve Blank

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Uber is The Revenge of the Founders

Steve Blank

For three decades (1978-2008), investors controlled the board. Filed under: Venture Capital. . — all great things when you are executing and scaling a known business model. But the CEO’s arrival meant the days of the company as a startup and its culture of rapid innovation were over. Board Control.

Founder 245
article thumbnail

The Virus Survival Strategy For Your Startup

Steve Blank

But investors with grey hair can remember the nuclear winter after the past recessions of 2000 and 2008 and can offer some historical patterns of crashes and recovery to CEOs running early stage startups – some who weren’t born when the crash of 1987 hit, were 10 years old in the crash of 2000 and 18 in the last crash of 2008.

Burn Rate 436
article thumbnail

ESADE Business School Commencement Speech

Steve Blank

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. As Harvard professor Clayton Christensen noted, these efficiency metrics provided wise guidance for times when capital was scarce and raising money was hard.

article thumbnail

New Rules for the New Internet Bubble

Steve Blank

Rules for building a company in 2011 are different than they were in 2008 or 1998. Filed under: Technology , Venture Capital. And those customers may be using their devices/apps continuously. The revenue, profits and speed of scale of the winning companies can be breathtaking. The New Exits. You have to deliver.

Internet 334
article thumbnail

Entrepreneurs are Everywhere Show No. 29: Ajay Kshatriya and Steven Cohn

Steve Blank

Before co-founding Biota Technology , he was an investor and entrepreneur-in-residence at Seed Capital , a investing in science-based innovation. Switching from venture capital to startup founder required a different mindset, Ajay said: All day in a VC firm, you’re saying ‘no’.