Customer Development Internet IRR Seed Capital 
Steve Blank
JUNE 11, 2013
If you’re a scalable startup, you want to spend small amounts of money (seed capital) as you run experiments testing your hypotheses. In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. What is an IRR? Why small amounts? How long is a fund’s life?
Steve Blank
JUNE 11, 2013
If you’re a scalable startup, you want to spend small amounts of money (seed capital) as you run experiments testing your hypotheses. In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. What is an IRR? Why small amounts? How long is a fund’s life?
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