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When It’s Darkest Men See the Stars

Steve Blank

the failure rate of new ventures (startups had no formal rules and were a hit or miss proposition), the slow adoption rate of new technologies by the government and large companies. The emergence of incubators and super angels have dramatically expanded the sources of seed capital. The Democratization of Entrepreneurship.

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Innovation, Change and the Rest of Your Life

Steve Blank

Government and the enterprise are now followers rather than leaders. A unicorn is a startup with a market capitalization north of a billion dollars. What this means is that the emergence of incubators and super angels have dramatically expanded the sources of seed capital. VCs have now ceded more control to founders.

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