article thumbnail

Why The SBIC Doesn’t Work For Venture Capital Anymore

Feld Thoughts

I woke up to an article in Daily Camera today titled Small Business Administration trying to bring SBIC funds to Colorado. I’m an investor in over 40 VC funds around the world (mostly in the US) and three of them are SBIC funds. Each of the SBIC funds were raised in the 2000 – 2002 time period.

SBIC 142
article thumbnail

What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. The key it to have “realistic capital.” It’s a very smartly designed debenture program. Savings.com.

Community 378
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Governments Don’t Get Startups

Steve Blank

Scalable startups require risk capital to fund their search for a business model, and they attract investment from equally crazy financial investors – venture capitalists. When they find it, their focus on scale requires even more venture capital to fuel rapid expansion. It is not a “jobs program” for the local populace.

article thumbnail

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

Steve Blank

Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) The Small Business Investment Company (SBIC) Act in 1958 guaranteed that for every dollar a bank or financial institution invested in a new company, the U.S. In response, one of the many U.S.

article thumbnail

The Secret History of Silicon Valley Part IX: Entrepreneurship in.

Steve Blank

ELINT Tasking The ELINT program sought answers to operational questions like: What was the Radar Order of Battle a penetrating bomber would face? Venture Capital, Microwaves and the OSS Dean Watkins the leader of TWT research at Stanford’s Electronic Laboratory, left Stanford in 1957 and co-founded Watkins-Johnson (with R.H.