Differentiation Non-Compete Seed Capital Silicon Valley 
Steve Blank
APRIL 10, 2019
In tech startups stock options were here almost from the beginning, first offered to the founders in 1957 at Fairchild Semiconductor , the first chip startup in Silicon Valley. As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees.
techcrunch.com
FEBRUARY 19, 2010
Some of the investments defy explanation… Money poured into something that no one has yet been able to monetise, with a competitive landscape that is over-saturated, and with no real differentiation from what’s already out there. 41% of them feel that they qualify for venture capital funding.&# And they get a few million.
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