Remove Customer Development Remove SBIC Remove Technology Remove Venture Capital
article thumbnail

The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

These IPOs meant that technology companies didn’t have to get acquired to raise money or get their founders and investors liquid. 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. In response, one of the many U.S.

article thumbnail

The Secret History of Silicon Valley Part IX: Entrepreneurship in.

Steve Blank

Again Stanford technology would solve these challenges. Venture Capital, Microwaves and the OSS Dean Watkins the leader of TWT research at Stanford’s Electronic Laboratory, left Stanford in 1957 and co-founded Watkins-Johnson (with R.H. This was a two-pronged challenge: the U.S. He sold the company to Teledyne in 1965.