Customer Development Engineer SBIC Venture Capital 
Steve Blank
AUGUST 10, 2009
———————– In the 1950′s Stanford University’s Electronics Research Laboratory (ERL) continued to develop innovative microwave tubes for the U.S. They would be one the first venture firms to organize their firm as a partnership rather than an SBIC or public company.
Steve Blank
OCTOBER 29, 2009
Interestingly enough, Fred Terman, Dean of Stanford Engineering was tied to all three companies. The Small Business Investment Company (SBIC) Act in 1958 guaranteed that for every dollar a bank or financial institution invested in a new company, the U.S. into believing it was behind the Soviet Union in innovation.
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