Customer Development IRR Later Stage Venture Capital 
Steve Blank
JUNE 11, 2013
A seed round can come from friends, family, Kickstarter, angels – and most importantly, early customers. These sources are a lot more forgiving of iterations and pivots than later-stage venture-capital funds. The day you raise money from a venture investor, you’ve also just agreed to their business model.
Steve Blank
JUNE 11, 2013
A seed round can come from friends, family, Kickstarter, angels – and most importantly, early customers. These sources are a lot more forgiving of iterations and pivots than later-stage venture-capital funds. The day you raise money from a venture investor, you’ve also just agreed to their business model.
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