Steve Blank

JANUARY 22, 2014

Part 2: Early-stage Regional Venture Funds. Few entrepreneurs find this scalable and repeatable business model because it’s not easy. as a distribution channel have vastly reduced the amount of capital a startup needs at the early stage when the risk is greatest. What’s Missing Is Early Stage Capital.

Early Stage 290

Early Stage Silicon Valley Oregon Technical Review 290

Steve Blank

MARCH 16, 2016

Some quick VC math : If a VC invests in ten early stage startups, on average, five will fail, three will return capital, and one or two will be “winners” and make most of the money for the VC fund. A liquidity event means that the equity (the stock) you sold your investor can now be converted into cash.)

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Private Equity 120

Up and Running

SEPTEMBER 19, 2017

That is to say, they’d want to be able to control costs and revenues at a high level. million early-stage raise that involved pitching to over a dozen PE firms, which took months to negotiate. Background: Recording Excellence , an online music mixing startup, closed a small PE early-stage funding round a few years ago.

Private Equity 94

Private Equity Pre-Money Valuation Equity Startup 94

David Teten

AUGUST 21, 2019

Or should they look to one of the new wave of Revenue-Based Investors? Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. For more background, see Revenue-Based Investing: A New Option for Founders who Care About Control. But should they? Aligned incentives.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Steve Blank

JULY 19, 2010

And that they’ll emerge from this fog of war with a scalable business model. They also know that most founding CEO’s don’t scale past the early stage. Most founding CEO’s don’t know that they’re cannon fodder in the search for a business model. Where’s My Liquidity Event.

Vesting 261

Vesting Liquidity Event Venture Capital Founder Vesting 261

Berkonomics

AUGUST 27, 2015

They financed their companies, to the extent possible, in a manner minimizing the cost of capital, planning for organic growth in the number of customers served and in associated revenues. As the business owners had a longer-term perspective, decisions were made with greater deliberation and with a more conservative recognition of risk.

Intellectual Property 48

Intellectual Property Balance Sheet Stock Options Valuation 48

Steve Blank

JUNE 11, 2013

When you take money from investors their business model becomes yours. Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. What are revenue strategy and pricing tactics?

Venture Capital 334

Venture Capital IRR Liquidity Event Business Model 334