Remove Government Remove Lean Remove Michigan Remove Venture Capital
article thumbnail

The Secret History of Silicon Valley Part X: Stanford Crosses the.

Steve Blank

The university found government contracts profitable as the government reimbursed their overhead charges (their indirect costs.) Other universities doing classified ELINT and Electronic Warfare work attended including University of Michigan, Georgia Institute of Technology and Cornell. on August 18, 2009 at 4:39 am Said: [.]

article thumbnail

Reinventing the Board Meeting – Part 2 of 2 – Virtual Valley Ventures

Steve Blank

It’s time to ask why startup board governance has failed to keep pace with innovation. Reinventing the board meeting may allow venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. It might be possible to create Virtual Valley Ventures. Victor Hugo.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail. NAME David Cowan.

article thumbnail

US Economic Risks (Sept 2010): Impact on Investors & Entrepreneurs

Both Sides of the Table

We have structural employment issues : The official unemployment rate in the US is hovering just below 10% but “true” unemployment is much higher when you account for those that have stopped looking or taken part-time employment and in key states like California and Michigan we’re downright hurting. Sound familiar?

article thumbnail

Innovation, Change and the Rest of Your Life

Steve Blank

I lived through the time when working in my first job in Ann Arbor Michigan we had to get out a map to find out that San Jose was not only in Puerto Rico but there was a city with that same name in California. Government and the enterprise are now followers rather than leaders. Third, venture capital has now become Founder-friendly.

Restful 231