Agile IRR Operations Venture Capital 
Steve Blank
MARCH 31, 2014
In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Think about this; 7 years ago Nokia owned 50% of the handset market. Apple owned 0%.
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. For the first 75 years of the 20 th century, when capital for new ventures was scarce, the smartest engineering talent went to corporate R&D labs.
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