Remove IRR Remove Retention Remove Revenue Remove Search
article thumbnail

Why Companies are Not Startups

Steve Blank

The Enterprise: Business Model Execution We know that a startup is a temporary organization designed to search for a repeatable and scalable business model. Somewhere in the dim past of the company, it too was a startup searching for a business model. The question is – why? What Does this Mean?

IRR 335
article thumbnail

What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

Invoca is now doing 10s of millions in recurring revenue and is growing > 75% year-over-year but it took the first 3 years to really build out the technology and acquire our initial enterprise clients. I mentioned that we sold our position in Kyriba for > $1 billion but when we invested it had virtually no revenue.

IP 223