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Even the Smartest VCs Sometimes Get it Wrong – Bill Gurley and Regulated Markets

Steve Blank

He illustrated his talk with regulatory horror stories in the telecom market , electronic health records , and Covid antigen tests. Unfortunately, for startups entering a regulated market following this advice this might not be the optimum path. It’s the antithesis of how founders want to build a business. Why is it bad?

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New Rules for the New Internet Bubble

Steve Blank

We’re now in the second Internet bubble. The Golden Age (1970 – 1995): Build a growing business with a consistently profitable track record (after at least 5 quarters,) and go public when it’s time. They taught you about customers, markets and profits. Carpe Diem. The world of building profitable startups ended in 1995.

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Why Pioneers Have Arrows In Their Backs

Steve Blank

Over time the idea that winners in new markets are the ones who have been the first (not just early) entrants into their categories became unchallenged conventional wisdom in Silicon Valley. The irony is that in a retrospective paper ten years later (1998), [ 2 ] the authors backed off from their claims. First to have a working model.

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10 CEOs Who Made Huge Mistakes

Up and Running

However, one area where he fell short was in ignoring the search engine market. While Microsoft introduced MSN Search in 1998, the site purely used an existing search engine, Inktomi, to gather results. One of his biggest mistakes since starting his business came in 1994, in the form of Virgin Cola.

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It’s Morning in Venture Capital

Both Sides of the Table

There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade.

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Cracking The Code: Death Sentence for SaaS.or for Lawson?

Cracking the Code

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Well.thats probably why Salesforce market cap is 4.9x He should have invested in Lawson obviously… I could not track back their stock price in 1998 when NetSuite was launched, but since Jan. internet. (6).

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The Lean Entrepreneur is here

Startup Lessons Learned

Telecom O2 learning to move at the speed of the internet 500 Startups and their accelerated feedback loops on what works, and what doesn't work in early-stage investing. Berkeley Pizza: from pizza in the farmer's market to a sit-down restaurant. One example is in their marketing, which in today's environment requires providing value.

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