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ESADE Business School Commencement Speech

Steve Blank

Today’s workforce has radically different expectations, brands are losing their power, physical channels are being destroyed by virtual ones, market share is less important than market creation, and software is eating world. Look at the valuations of companies like Tesla, Illumina, and Twitter.

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5 Ways Today’s Market Allows Startups To Scale Faster

Startup Professionals Musings

These are companies that not only have a familiar brand, but carry from five to 35 billion dollar valuations. In the past, marketing budgets were focused on high-traffic channels, with minimum focus on demographics. Investors measure their success by looking at the internal rate of return (IRR).

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5 Things Startups Can Learn from Angel Investors

Up and Running

My personal favorite in the “pure nonsense category” is the IRR, the Internal Rate of Return , something that was interesting for about one hour as part of the MBA curriculum, but which has no relevance in the real world. Read more of my articles related to this topic: You Can Take That IRR and Shove It.