Steve Blank

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Is a Venture Studio Right for You?

Steve Blank

In exchange for attending an accelerator, startups give up 5% to 10% of their company’s equity. In return for the lower risk, a venture studio typically takes a larger percentage of equity. In contrast with an accelerator that takes 5%-10% of a startup’s equity , venture studios take anywhere from 30%-80% of a startup’s equity.

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Leaving Government for the Private Sector – Part 2

Steve Blank

Advisory Board members are often paid in a balance of equity (stock options) and cash (“cash” is the industry term for money wired to your bank account). If they won’t discuss any aspects of runway or value of the equity package they’re offering, look elsewhere. A Board of Directors has a formal and legal role. Look before you leap.

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Leaving Government for the Private Sector – Part 1

Steve Blank

At the Agency , 85% of my time was spent navigating bureaucracy and equities, arguing for resources and permission for operations, and dealing with the bottom rung of employees, all while making decisions with little data or data overload. Due to length, I’ve broken it up into a three-part series. It wasn’t a big jump.

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10,000 Startups – Startup Weekend Next

Steve Blank

It doesn’t take equity and just has a small fee that varies by city ($140 to $299), to cover event operations and expenses. These incubators which provides new startups with year-round physical office space, infrastructure and advice in exchange for a fee (often in equity.) How it Works.

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Back to the Classroom – The Educators Summit

Steve Blank

What roles do diversity, equity and inclusion play in future syllabi? How will the push for diversity, equity and inclusion affect educators? Now we’re heading back into the classroom and the world has changed. What is the “new normal” for Lean Education? Will using video to “get out of the building” still play a role?

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What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

Risk capital takes equity (stock ownership) in your company instead of debt (loans) in exchange for cash. Founders can now access the largest pool of risk capital that ever existed –in the form of Private Equity (Angel Investors, family offices , Venture Capitalists (VC’s) and Hedge Funds.). The Bad News.

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Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. And what’s great for the mass of society – a government safety net verging on the ultimate nanny state – makes it impossible to fail. There isn’t much of a killer instinct among the masses.

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