Cofounder CTO Later Stage Silicon Valley 
Steve Blank
OCTOBER 24, 2017
Why do these founders get to stay around? Because the balance of power has dramatically shifted from investors to founders. VCs competing for unicorn investments have given founders control of the board. A pre-IPO board usually had two founders, two VCs and one “independent” member. Technology Cycles Measured in Years.
Both Sides of the Table
APRIL 28, 2010
Investors: Matrix (Dana Stadler, who was the CTO of PayPal). Summit is a hugely respected firm in Silicon Valley and a long-term “institution&# but they’re better known as more of a “private equity&# investor meaning that they do later stage investments in much larger companies that are profitable.
techcrunch.com
OCTOBER 23, 2010
One of the things I do as a founder of a later stage startup is to meet with early stage entrepreneurs to help them get their companies going. Especially if you aren’t from around Silicon Valley. Then, forget everything else, VCs included, and just build. and Google. So what is your point?
Expert insights. Personalized for you.
245 
Let's personalize your content