Remove Finance Remove Government Remove New York Remove SBIC
article thumbnail

Why Governments Don’t Get Startups

Steve Blank

Scalable startups tend to group together in innovation clusters (Silicon Valley, Shanghai, New York, Boston, Israel, etc.) When I read policy papers by government organizations trying to replicate the lessons from the valley, I’m struck how they seem to miss some basic lessons. lesson of using SBIC funds.),

article thumbnail

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

Steve Blank

Terman arranged for a research assistantship to bring his former student, David Packard, back from a job at General Electric in New York to collaborate with William Hewlett, another of Terman’s graduate students. to spur innovation was a new government agency to fund new companies. In response, one of the many U.S.