archive tag venture-deals-2 
Steve Blank
AUGUST 31, 2009
Or were they a set of spreadsheets put together over late night beers to convince an investor that this is going to be a great deal? The fallacy is that the product development model is the most efficient model for new ventures swinging for the fences– this year, last year, last decade, or since the first startup met their first investor.
Steve Blank
SEPTEMBER 14, 2009
Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. Each VC firm/partner has a different spin on what to weigh more.)
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Steve Blank
JULY 2, 2009
Entrepreneur-in-Residence After SuperMac I had been approached by one of our venture investors to be an entrepreneur in residence (EIR), a Silicon Valley phrase which says one thing but means another. Depending on the size of the venture firm they may have one to three EIR’s who stay an average of a year or so. They have your soul.
Steve Blank
JUNE 11, 2009
However, you will be dealing with almost daily change, (new customer feedback/insights from a Customer Development process and technical roadblocks ,) as the company searches for a repeatable and scalable business model. And you will be dealing with change, but it won’t be the constant daily change the early employees dealt with.
Steve Blank
NOVEMBER 16, 2009
Dancing Around the Question Union Square Ventures was kind enough to sponsor a meetup the night before my class. I gave my boilerplate answer, “I’m a product guy and I tend to invest and look at deals that have measurable revenue metrics. Dave McClure has some great metrics…” It was an honest but vaguely unsatisfying answer.
Steve Blank
AUGUST 13, 2009
Customer Development/Lean Startups In hindsight startups and the venture capital community left out the most important first step any startup ought to be doing – hypothesis testing in front of customers- from day one. Since I wasn’t an engineer, my contribution was around the team-building and fund raising. I was an idiot.
Steve Blank
NOVEMBER 30, 2009
I’m wondering about this because it’s easy to make the conceptual distinction between deal-breaker feature gaps and nice-to-have feature lists, but especially for a hardware product with a high fixed development cost, it seems very difficult to iterate on an initial attempt at a minimum viable product. I’m a designer.
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