Why Pioneers Have Arrows In Their Backs
Steve Blank
OCTOBER 4, 2010
This one phrase became the theoretical underpinning of the out-of-control spending of startups during the dot-com bubble. Soon every other VC was using the phrase to justify the reckless “get big fast” strategies of dot-com startups during the Internet Bubble. In fact, a 1993 paper by Peter N. First to develop or patent an idea.
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