Both Sides of the Table

SEPTEMBER 27, 2012

Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. The key it to have “realistic capital.” It’s a very smartly designed debenture program. Savings.com.

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Steve Blank

SEPTEMBER 1, 2011

In Silicon Valley the equivalent is the journeyman coder or web designer who loves the technology, and takes coding and U/I jobs because it’s a passion. Small business entrepreneurship is not designed for scale, the owners want to own their own business and “feed the family.&# lesson of using SBIC funds.),

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Steve Blank

AUGUST 10, 2009

Stanford’s Dean of Engineering, Fred Terman, encouraged scientists and engineers to set up companies to build these microwave tubes for the military. Unlike the other Stanford tube spinouts which were funded with military contracts, Watkins-Johnson would be one of the first venture capital funded companies in the valley.

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Steve Blank

OCTOBER 29, 2009

Interestingly enough, Fred Terman, Dean of Stanford Engineering was tied to all three companies. 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. into believing it was behind the Soviet Union in innovation.

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