The Secret History of Silicon Valley Part IX: Entrepreneurship in.
Steve Blank
AUGUST 10, 2009
They would be one the first venture firms to organize their firm as a partnership rather than an SBIC or public company. They would also set the standard for the 20% carry for general partners. Tommy Davis would go on to found the Mayfield Fund in 1969. Fred Terman was just getting warmed up. Much more was to come.
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