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The Customer Development Manifesto: Reasons for the Revolution.

Steve Blank

Or, “Look at our returns, its always worked for us.” Some firms correctly point out that, “It’s fine if 8 out of 10 of our companies fail if the remaining two return 20x our money. That’s a better return than having 10 out of 10 companies succeed and each return 2x our money. I added some comments there [.]

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Can You Trust Any vc's Under 40?

Steve Blank

The reality is that VC’s have one goal – to maximize the amount of money they return to their investors. Entrepreneurs and VCs made returns 10x, or even 100x larger than anything ever seen. (No No value judgments here, VCs were doing what the market rewarded them for, and their investors expected – maximum returns.) (And

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Ardent 3: Supercomputer Porn

Steve Blank

Supercomputer Porn When the back issues of Cray Channels arrived at Ardent, I ripped open the package with the Cray return address and eagerly started to flip through them. Ardent 3: Supercomputer Porn As VP of Marketing at our new startup, the CEO literally threw me out of the building and told me not to return until I [.] [.]

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Rocket Science 5: Who Needs Domain Experts

Steve Blank

With each of those ten companies returning 2x their money for $20 million. Or investing in 10 companies and having 8 fail - but the remaining two companies returning 20x their money for $40 million. While VC’s might love you and your firm, a 2x return isn’t why they’re in business. Make sure they are.

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Burnout « Steve Blank

Steve Blank

Meanwhile, back at ESL the project I was working on wanted to extend my consulting contract, the company was trying to get me to return, and in spite of what I had done on the site , “the customer” had casually asked me if I was interested in talking to them about a job. Repeat every day, six or seven days a week. Life was good.

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Horizontal Or Vertical Business Models: Which Is Right For You?

Entrepreneurs-Journey.com by Yaro Starak

I read through your archives almost religiously before branching out to other marketers. I quickly realized that I much preferred to develop a meaningful connection with a small group of people – my tribe or community – who I would foster and help, often for nothing in return other than the recognition that I was helping people.

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Love/Hate Business Plan Competitions

Steve Blank

Filed under: Marketing , Technology , Venture Capital | Tagged: Steve Blank , Venture Capital , Entrepreneurs , Early Stage Startup , Tips for Startups « Customer Analytics – From Those Who Should Know SuperMac War Story 10: The Video Spigot » 14 Responses Michael F.