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Rocket Science 2: Drinking the Kool-Aid

Steve Blank

If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limited partners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. We understood none of this. More detail in future posts.

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This Week in VC with Rick Smith of Crosscut Ventures

Both Sides of the Table

– I spoke about GRP’s recent exit of Ulta in which we returned $320 million to our limited partners. Can you please expand on your post about distributed teams? It was a verbal discussion on my post on distributed teams. - Yes, that was the value that we actually returned as opposed to the value of Ulta.

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Texas Startup Manifesto 2.0

Austin Startup

Tens of thousands visit Austin every year for the Austin City Limits Music Festival. Are they drawn to Texas or moving away from California? Texas exported more than California and New York combined in 2019. Only California and New York have a few more, and maybe not for long. What’s bringing them here?

Texas 90
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The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) In a typical venture fund, the partners receive a 2% management fee. This is where the partners would make their money. government would invest three (up to $300,000.)