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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., existing enterprises are establishing corporate innovation groups. Finance The goals for public companies are driven primarily by financial Key Performance Indicators (KPI’s).

IRR 335
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Fund Raising is a Means Not an End

Steve Blank

In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. What is an IRR? How do the fund and the partners make money?

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. What is an IRR? How do the fund and the partners make money?