Agile Business Model IRR Venture Capital 
Steve Blank
MARCH 31, 2014
As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Unfortunately as we’ve learned from recent experience, using Return on Net Assets and IRR as proxies for efficiency and execution won’t save a company when their industry encounters creative disruption.
Steve Blank
JUNE 23, 2016
As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. These resulting business models made them look incredibly profitable. They knew how to execute the current business model.
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