Steve Blank

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Is a Venture Studio Right for You?

Steve Blank

He said that from what he read, the path to building and funding a company seemed to be: 1) come up with an idea, 2) form a team, 3) start testing minimal viable products, 4) raise seed funding, 5) then obtain venture capital. Today there are around 720+ venture studios across the world – half are in Europe.

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Playing With Fire – ChatGPT

Steve Blank

Simultaneously, new startups are forming, and venture capital is already pouring money into the field at an outstanding rate that will only accelerate the impact of this generation of AI. Goldman Sachs economists predict that 300 million jobs could be affected by the latest wave of AI. Welcome to our brave new world.

ChatGPT 416
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Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

This means that those winning deals have to make a ~30x return to provide the venture capital fund that 20% compound return (the 6x). The reality for a regional investor is that you have to match the capital you raise to the deal/exit environment you are in. Focus on capital efficient, scalable startups and founders.

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It Must Be A Marketing Problem

Steve Blank

Later I realized six salespeople without revenue to match was a proxy for an out of control burn rate that now had the boards serious attention. Filed under: Customer Development , Venture Capital. Tags: Customer Development Venture Capital. Six is a Proxy for Burn Rate. How many salespeople do you have?”

Burn Rate 248
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Can You Trust Any vc's Under 40?

Steve Blank

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

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Corporate Acquisitions of Startups: Why Do They Fail?

Steve Blank

In response, venture capital firms like Sequoia and Andreessen/Horowitz are hiring new partners just to work with their portfolio companies and match them to corporations. Corporate business development and strategic partner executives are flocking to Silicon Valley to find these five types of innovation.

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No One Wins In Business Plan Competitions

Steve Blank

The plan describes the execution strategy for addressing these “knowns.&# In the early days of venture capital, investors and entrepreneurs were familiar with the format of business plans from large company and adopted it for startups. They’re a match for the “How to write a business plan” classes that are offered.