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Why Governments Don’t Get Startups

Steve Blank

Today, the overwhelming number of entrepreneurs and startups in the United States are still small businesses. They hire local employees or family. The only capital available to them is their own savings, bank and small business loans and what they can borrow from relatives. lesson of using SBIC funds.),

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

Steve Blank

Meanwhile on the West Coast – “The Group” 1950’s When Ampex was raising its money, in 1952, an employee of Fireman’s Fund in San Francisco, Reid Dennis , managed to put $20,000 in the deal. into believing it was behind the Soviet Union in innovation. In response, one of the many U.S. government would invest three (up to $300,000.)