Remove Carried Interest Remove Customer Remove Distribution Remove Lean
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Why Internal Ventures are Different from External Startups

Steve Blank

In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. The success of Documentum and Document Sciences, they felt, came largely from Xerox technology and customers, yet the startup companies XTV funded got all the credit.

Startup 330
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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.) But the biggest innovation was the “carried interest” (called the “carry”.) Aligning their interests with their limited investors and the entrepreneurs they were investing in.