Remove Carried Interest Remove Distribution Remove Lean Remove Partner
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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. Worse, Robert Adams and his two partners got 20% of the carried interest in the fund, resulting in payouts of $30 million to the partnership. First, let me recap a key insight for me from Steve’s post.

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.) In a typical venture fund, the partners receive a 2% management fee. But the biggest innovation was the “carried interest” (called the “carry”.)