Remove Business Model Remove Customer Remove Liquidity Event Remove Partner
article thumbnail

What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

VC’s raise money from their investors (limited partners like pension funds) and then spread their risk by investing in a number of startups (called a portfolio). BTW, Angel investors do not have limited partners, and often invest for reasons other than just for financial gain (e.g., You’ve been funded to get to a liquidity event.

article thumbnail

Early-stage Regional Venture Funds–part 2 of 3 of Bigger in Bend

Steve Blank

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. I visited Bend last year and caught up with his progress.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

When you take money from investors their business model becomes yours. Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. How do we attract, keep and grow customers?

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

When you take money from investors their business model becomes yours. Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. How do we attract, keep and grow customers?

article thumbnail

What Is a Venture Capital Firm?

Women Entrepreneurs Can

VC funding is best suited for businesses with high growth potential. Investors receive a healthy return on investment when the company reaches a liquidity event. Xfund, Patrick Chung is a managing general partner in a venture capital firm that supports lateral thinkers. Pre-Seed Investments. Seed Rounds.

article thumbnail

Rocket Science 2: Drinking the Kool-Aid

Steve Blank

The CDROM content business in the early 1990’s was one of the many of the long line of venture capital fads. Reply steveblank , on July 2, 2009 at 12:22 pm Said: Aamir, The game business is different from the tech business in some obvious and non obvious ways. - Make game, market, sell, profit? Not all VCs are equal.

article thumbnail

Welcome to the Lost Decade (for Entrepreneurs, IPO’s and VC’s)

Steve Blank

VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Most of the startups they invested in either died by running out of money before they found a scalable business model or ended up in the “land of the living dead” by never growing (failing to Pivot.). Source: NVCA.).