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ESADE Business School Commencement Speech

Steve Blank

Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. But the world you lead will be much different from the one your professors knew or your predecessors managed.

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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., This first post will describe some of the structural problems companies have; follow-on posts will offer some solutions. existing enterprises are establishing corporate innovation groups.

IRR 335
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Intel Disrupted: Why large companies find it difficult to innovate, and what they can do about it

Steve Blank

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. Here are four reasons: First, companies bought into the false premise that they exist to maximize shareholder value – which said “keep the stock price high.”

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The VC Shakeout: Are We There Yet?

Agile VC

This was also the period when VC started expanding seriously in emerging markets like India and China, and many LPs put new capital into these OUS funds. typically, which in most cases would to >20% IRR. So at a fund level (e.g.

LP 154
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What if it’s 1996, not 1999?

Seeing Both Sides

Matrix had a fund in 1998 that yielded an eye-popping 514+% IRR. Thanks to recent decades of strong growth, the combination of China, India and Brazil have GDPs that are 4x the size and impact on the global economy as compared to the 1990s (see chart below).

IPO 48
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Benchmarking Performance: Your Options, Dos, Don'ts and To-Die-Fors!

Occam's Razor

Leaders (company is leaving China, our IPO is next week, 1,800 new stores are being opened in 180 days, our new IRR is 8%). Any big shifts in investment (marketing, customer experience, team sizes, tools). Outcomes of the conversations with your Finance team and Sr. And other such things.

Analytics 133