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Playing With Fire – ChatGPT

Steve Blank

In addition to its outstanding performance on what it was designed to do, what has surprised researchers about ChatGPT is its emergent behaviors. Nuclear weapons and genetic engineering had advocates for unlimited experimentation and unfettered controls. (Look at the links and realize there’s no going back.) Even by its creators.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. They bought distribution and engineering talent. 10 million in Series B Menlo Ventures , Steamboat. Quirky - Platform facilitating collaborative design of consumer products through an online community. No big surprise.

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How to Scale a Venture Capital (or Private Equity) Fund

David Teten

If you’re thinking of hiring a Partner, I suggest see How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm. Venture studios work as co-founders with a founding team, with the larger ones assigning dedicated internal teams for each startup idea (e.g., engineers, designers, business developers).

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How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

Private equity and venture capital investors are copying our sisters in the hedge fund and mutual fund world: we’re trying to automate more of our job. The extreme example of this are algorithmic investors in the public markets, who design algorithms which trade on the designer’s behalf, as opposed to making trading decisions directly.

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Corporate Venture Capital: Obligatory or Oxymoron?

David Teten

She had so much insight to share that we broke the interview into two parts, 1) Corporate Venture Capital and more broadly, 2) How the Fortune 500 Can Buy, Invest and Partner with the Innovation Economy (coming soon). . Corporate venturing is venture capital, not corporate financial asset management.

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Ardent War Story 5: The Best Marketers Are Engineers

Steve Blank

Building an Advisory Board In my travels outside the building I kept my eyes out for articulate and visionary scientists and engineers who had expertise we lacked, and were willing to help in an advisory capacity. I chose to hire engineers from within each of our target markets and set up “Steve’s one month MBA course for engineers.”

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Why The Government is Isn’t a Bigger Version of a Startup

Steve Blank

Rather than focus the university inward on research, Terman took the radical step of encouraging Stanford professors and graduate students to start companies applying engineering to pressing military problems. And from then on, innovation in semiconductors, supercomputers, and software would be driven by startups, not the government.