Steve Blank

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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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ESADE Business School Commencement Speech

Steve Blank

In spite of this, private equity funds have used the rallying cry of efficiency to hijack corporate strategy and loot the profits that historically would have been reinvested into research and development and new products. We legalized robbing the corporate treasury.

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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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Hacking for Defense @ Stanford 2020 Lesson Learned Presentations

Steve Blank

Recognizing the ability of these teams to produce real results, 38 members of the venture and private equity community dialed in to these presentations. When they graduate, the Stanford students on these teams have the pick of jobs in startups, companies and consulting firms. Every year they fund several teams as they launch companies.

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Cram Down – A Test of Character for VCs and Founders

Steve Blank

Venture capital, like most private equity, is an unregulated financial asset class – anything goes. ” On one hand they’re right. But the simpler and more painful truth is that it’s abusive and usurious. Many VCs have no moral center in what they invest in or what they’ll do to maximize their returns.

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Here’s What Happened When Deputy Secretary of Defense Dr. Kathleen Hicks visited Stanford’s Gordian Knot Center for National Security Innovation

Steve Blank

Integrate and incent the Venture Capital/Private Equity ecosystem to invest at scale. Instead of writing requirements, DoD should rapidly assess solutions and engage warfighters in assessing and prototyping commercial solutions.

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Customer Development Fireside Chat

Steve Blank

luck… and as one of Steve Blank’s posts today mentioned, you can’t test hypotheses from within your building.