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ESADE Business School Commencement Speech

Steve Blank

Think about this; 7 years ago Nokia owned 50% of the handset market. Fast-forward to today—Apple is the most profitable Smartphone company in the world and in Spain Android commands a market share of more than 90%. Its worldwide market share of Smartphones has dwindled to 5%. Apple owned 0%. The Perfect Storm.

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Why Companies are Not Startups

Steve Blank

Facing continuous disruption from globalization, China, the Internet, the diminished power of brands, changing workforce, etc., For example, the Boston Consulting Group 2 x 2 growth-share matrix was an easy to understand strategy tool – a market selection matrix for companies looking for growth opportunities. Strategy Maps.

IRR 335
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The VC Shakeout: Are We There Yet?

Agile VC

Sarah also points to the vast global wealth that has to get allocated somewhere as well as a small bump in long term average returns, now that the generally terrible performance of funds from the 2000-2002 time frame (after the tech bubble of the late 90s crashed) no longer factor in to 10 year returns. So at a fund level (e.g.

LP 154
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What if it’s 1996, not 1999?

Seeing Both Sides

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 billion market capitalization. Matrix had a fund in 1998 that yielded an eye-popping 514+% IRR. Macroeconomic choppiness is holding back more dramatic market euphoria. We had recorded $1.8

IPO 48