Steve Blank

MARCH 31, 2014

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Look at the valuations of companies like Tesla, Illumina, and Twitter. The companies that can show “startup-like” growth rates of 50% plus per year will get stratospheric market valuations.

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Private Equity Metrics China Intellectual Property 325

Steve Blank

MARCH 17, 2020

They triage their deals – first worrying about liquidity of their late stage deals which have the highest valuations. In every major downturn inflated valuations disappear and the few VC’s still writing new checks find it’s a buyer’s market. ” exercise. Hence the term “Vulture Capitalists.”).

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Burn Rate Startup Valuation Sales Cycle 436

Steve Blank

JUNE 15, 2011

A tech bubble is the rapid inflation in the valuation of public and private technology companies that exceeds their fundamental value by a large margin. Today, the signs of the new bubble are the Linked-In initial public offering (IPO), Facebook’s stratospheric valuation and the rapid rise of early-stage startup valuation.

Silicon Valley 327

Silicon Valley Stealth Valuation Mississippi 327

Steve Blank

JULY 19, 2011

When we were trying to raise money for E.piphany, my last startup, I was negotiating with a venture capital firm called Infinity Capital. They really wanted to invest, but it was the beginning of the bubble, and I wanted (what was then) an absurd valuation. Filed under: E.piphany , Venture Capital.

Post-Money Valuation 250

Post-Money Valuation Venture Capital Valuation IPO 250

Steve Blank

JANUARY 13, 2011

Given Goldman Sachs’ $500 million investment in Facebook at a $50 billion valuation it appears someone might have been listening (particularly around 2:35 mark in the video.). Filed under: Venture Capital. But never one to miss an opportunity when the camera was rolling, I shared my thoughts for five minutes.

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Venture Capital Valuation Customer Development Video 255

Steve Blank

NOVEMBER 12, 2009

Brendan McManus said: “Lessons Learned” – A New Type of Venture Capital Pitch [link] #startup #advice [.] Lessons Learned” – A New Type of Venture Capital Pitch « Steve Blank (tags: presentations presuation vc startup) [.] Lessons Learned” – A New Type of Venture Capital Pitch [.]

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Venture Capital Silicon Valley RSS Hockey Stick 209

Steve Blank

FEBRUARY 10, 2016

Keen Home appeared on the TV show, Shark Tank , in 2012, landing one of the highest valuations in the show’s history. Will : Yes, and that was my first brutal intro into the difficulties of raising venture capital where I lived. . Steve : There is probably is no venture capital for 50 miles, if not 500 miles. .

Silicon Valley 120

Silicon Valley Ohio Columbus Entrepreneur 120

Steve Blank

JULY 15, 2010

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Here’s why.

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Venture Capital IPO Liquidity Event Entrepreneur 297

Steve Blank

JUNE 17, 2011

But they don’t support his justification of the bubble valuations we are seeing for companies filing for IPO’s (Pandora Media just priced its IPO at $2.6 But to support his position for future valuations Ben lists the low price/earnings ratios of Apple, Amazon, Google, Salesforce.com. Filed under: Venture Capital.

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Investment Bankers Stock Valuation Venture Capital 310

Steve Blank

JANUARY 4, 2010

In fact, Google’s offer for $15 Million was equal to the highest valuation from the venture firms. Lets take venture capital and grow this thing into a real business.”. Typically the size of their opportunity and company doesn’t lend itself to attracting venture capital. The Scalable Startup.

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Hockey Stick Venture Capital Startup Cofounder 276

Steve Blank

MARCH 18, 2011

The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. Underwriters realized that as long as the public was happy snapping up shares, they could make huge profits from the inflated valuations. Carpe Diem.

Internet 334

Internet IPO Silicon Valley Agile 334

Steve Blank

OCTOBER 24, 2017

Visionary CEOs have always been the face of their company, but today with social media, it happens faster with a much larger audience; boards now must consider what would happen to the valuation of the company without the founder. Filed under: Venture Capital.

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Founder Technical Review CTO Hire IPO 245

Steve Blank

APRIL 1, 2020

If you were expecting angel or venture funding get on the phone to your investor(s). Others are cutting their valuations. The CFO should be on the phone to sources of additional capital. Some VC’s are walking away from signed term sheets. There is no market research that’s going to get it “right.”

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South Korea Salary Business Model China 333

Steve Blank

NOVEMBER 5, 2009

This post describes how companies using the Customer Development model can increase their credibility, valuation and probability of getting a first round of funding by presenting their results in a “Lesson Learned&# venture pitch.

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Steve Blank

FEBRUARY 26, 2020

At the end of this post, we’ll discuss the valuation at each step (how much the investors value your company and therefore how much of it you need to give up to get this money) and how much revenue you should generate at each step.). On the other hand, in a SaaS business $1 in recurring annual revenue equals ~10x in valuation.).

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Cofounder Seed Stage Valuation Metrics 429

Steve Blank

JUNE 22, 2011

Prices for both private and public tech valuations exceed any rational valuation to their current worth. While labeled the “dot.com” bubble, valuations went crazy across a wide range of technology sectors including telecommunications, enterprise software and biotech, not just the Internet. A few will be worth much, much more.

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Internet Silicon Valley United States .Net 295

Steve Blank

MARCH 22, 2022

In 2021 venture capital funds invested over $2 billion in 90+ Quantum technology companies. In the last six months quantum computing companies IonQ , D-Wave and Rigetti went public at valuations close to a billion and half dollars. Quantum has moved out of the lab and is now the focus of commercial companies and investors.

Technology 436

Technology Algorithm Stealth Distribution 436

Steve Blank

MAY 9, 2017

the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally. Venture Capital used to be a tight club clustered around formal firms located in Silicon Valley, Boston, and New York.

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Steve Blank

AUGUST 19, 2013

But what if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? At the same time, Venture Capital, which had viewed therapeutics, diagnostics and medical devices as hot places to invest, is fleeing the field. Venture Capital Issues.

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Venture Capital Startup Lean Philadelphia 301

Steve Blank

DECEMBER 3, 2020

It wasn’t that they wanted to go to GSB and then make a bunch of money doing venture capital in Silicon Valley. I think there’s only been two defense related startups that have had a valuation north of a billion dollars in the last couple decades: SpaceX and Palantir. In part it wasn’t a pay thing.

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