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Good Times Ahead for VC-backed Tech Companies?

Both Sides of the Table

On the third Wednesday of every month I co-chair a meeting called the SoCal VCA (venture capital alliance), which represents participants from all of the top venture capital firms in Southern California as well as prominent members of the Tech Coast Angels (TCA).

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Can You Trust Any vc's Under 40?

Steve Blank

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

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Vertical Markets 4: Putting it All Together « Steve Blank

Steve Blank

In the last three posts, we drew the relationship of market risk and invention risk with vertical markets and pointed out verticals where customer development would be useful. would look in each of the verticals. For example, How does sales differ from one market to another? Others you need to know when you execute the plan.

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SuperMac War Story 10: The Video Spigot « Steve Blank

Steve Blank

My first IPO at Convergent. We must have made them play the demo twenty times. There were a few times in my career I knew at that moment I was watching something profound – (Holding the glass masks of the Z80 microprocessor. First silicon of the MIPS RISC processor.)

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The Product Development Model « Steve Blank

Steve Blank

When I looked at the diagram in that ski cabin I realized there was a fundamental question I couldn’t answer: if all startups follow that model, why is it that some companies are opening bottles of champagne at their IPO and others who almost followed the same rules are selling off their furniture? What was the difference here?

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Elephants Can Dance – Reinventing HP « Steve Blank

Steve Blank

It was still a year away from its IPO. And venture capital and entrepreneurship has made life even tougher for the modern corporation. Over the last 35 years venture capital has funded nimble new entrants (on a scale never imagined by Schumpeter ) who exist to exploit discontinuities in technology or customer behavior.

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The Leading Cause of Startup Death – Part 1: The Product.

Steve Blank

Assuming no early liquidity (via an IPO or merger) for the company, more fund raising is required. In the dot-com bubble economy, the investors used an IPO at product launch to take the money and run, before there was a track record of success or failure.) Building the sales channel and supporting the marketing can burn a lot of cash.