1995 Customer Development Equity Finance 
Steve Blank
SEPTEMBER 14, 2009
3) invest in and take equity stakes in exchange for capital. They taught you about customers, markets and profits. The world of building profitable startups as the primary goal of Venture Capital would end in 1995. Each VC firm/partner has a different spin on what to weigh more.) Warning sign? At best. ~ Is 20 years enough?
A Smart Bear: Startups and Marketing for Geeks
OCTOBER 23, 2012
” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. After all, before the house of cards inevitably tumbles, private equity investors get a tidy return. And it is magic.
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