How Scientists and Engineers Got It Right, and VC’s Got It Wrong
Steve Blank
JULY 25, 2011
In the 1950’s the groundwork for a culture and environment of entrepreneurship were taking shape on the east and west coasts of the United States. government backed venture firms and limited partnerships. A wave of innovation was about to meet a pile of risk capital. This all changed in 1980 with the Genentech IPO.
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