A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

In January, Jerry Neumann wrote a long and detailed analysis of his view of the VC industry in the 1980’s titled Heat Death: Venture Capital in the 1980’s. The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Continental Capital*. $ 250,000. KPC&B II. $ 775,000.

17 Venture Capital Blogs You Should Be Reading

Up and Running

Whether or not you’re raising money for your business, getting advice from venture capitalists can be invaluable. Inside the Minds of Top Venture Capitalists: Blogs You Need to Read to Understand How VCs Think. Andrew Parker is a VC with Spark Capital in Boston.

Trending Sources

5 Ways Venture Capital Is Shaking Up The Tech Startup Landscape In Asia

YoungUpstarts

There is a thin line between success and failure for startups, and that is usually determined by capital. The more capital a startup has, the easier it is to get off the ground and ramp up growth. KPMG’s Venture Pulse Q3 2017 reported that the Asian market has raised $12.3

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It’s Morning in Venture Capital

Both Sides of the Table

Many observers of the venture capital industry have questioned whether its best days are behind it. I can’t help feel a bit of rear-view mirror analysis in all of “VC model is broken” bears in our industry. They are, in fact, great news for traditional venture capitalists.

Who Dares Wins – The 2nd Annual International Business Model Competition

Steve Blank

Alexander Osterwalder and I spent last week in Salt Lake City, Utah as judges at the 2 nd Annual International Business Model Competition , hosted by Professor Nathan Furr , and his team at the BYU Center for Entrepreneurship. The Business Plan ?-

Why the Blockchain is so disruptive for venture capital

Version One Ventures

And so, we keep hearing how venture capital is about to be disrupted. And most importantly, most companies cannot and should not do an ICO as their business model is not decentralized and hence their token has no utility value, Yet, with all that said, I still believe that this wave of decentralized platforms will be the biggest disruptor to hit the VC industry over the next decade. Decentralized platforms are a mix of a new technology and a new business model.

When Hell Froze Over – in the Harvard Business Review

Steve Blank

In my 21 years as an entrepreneur, I would come up for air once a month to religiously read the Harvard Business Review. As much as I loved the magazine, there was little in it for startups (or new divisions in established companies) searching for a business model.

Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

Based on the final report for 2012 from Thomson Reuters and the National Venture Capital Association (NVCA), it may appear that IPOs are back as a viable startup exit strategy. For the full year 2012, venture-backed initial public offerings raised $21.5

Test Your Business Model Against These 10 Elements

Startup Professionals Musings

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. Revenue model. Investors will want to understand your business model very well and very early.

Startups With Real Revenue Can Get Venture Capital

Startup Professionals Musings

I just read the Q1 2011 report from CB Insights , which shows venture capital is back. To me, this indicates that venture capitalists (VCs) are looking for business, but not from first-time startups. It also helps to keep track of the business sectors VCs are focusing on.

The Thin Skin of the Venture Capital Market

This is going to be BIG.

The fact is, it''s just not cool to criticize the investing side of the venture capital market. For the most part, journalists give startups a free pass when venture capital money is raised or when companies that clearly seem to have failed get "acquired". It''s just not cool these days to say anything bad about the business side of startups unless you cross over into the "Big enough to pick on" world, like an Uber. Venture Capital & Technology

The 20-Minute Business Model

Inc Startups

Can you put your entire business model down on paper in 20 minutes? We sometimes find it challenging, though, to move forward with fundamentally new business models. Maurya emphasizes the need to develop a testable business model quickly.

The Helsinki Spring

Steve Blank

—— I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. Startup Accelerators: Startup Sauna and Vigo which includes Lifeline Ventures , KoppiCatch , and Veturi. Business Angels: FiBAn , Sitra.

How to calculate your total addressable market and make a great TAM slide for investors

For Entrepreneurs

Getting Funded Startup Help Business Model Funding SaaS TAM TAM slide Total Addressable Market Venture capitalI’ve seen hundreds of startup pitch decks in my time at Matrix, and have found total addressable market (TAM) slides to be among the most frequently mis-executed. I get the sense they are often included as a formality in an attempt to get VCs to check a mental box and continue on hearing about other.

The 47th (-46) International Business Model Competition

Steve Blank

The most visible step was the first International Business Model Competition , hosted by the BYU Rollins Center for Entrepreneurship and Technology. Or more accurately, startups are a temporary organization designed to search for a scalable and repeatable business model.)

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Venture Cyclist: Four Reasons for a Business Model

Venture Cyclist

Venture Cyclist. Venture Capitalist and Cyclist, hence Venture Cyclist. Four Reasons for a Business Model. A business model is not a business plan, although the two are often confused. I work at Sigma Partners Venture Capital in Boston MA.

Will Google Ventures Disrupt Venture Capital?

OnStartups

They’ve taken the classic venture capital playbook and out-executed just about everyone. Google Ventures , a co-investor alongside Sequoia in HubSpot’s series D, is one such firm. 6 Ways Google Ventures is Attempting to Disrupt the VC Industry.

Venture Capital and "Innovation"

Information Arbitrage

Many have recently been critical of the role of the venture industry in financing “true innovation.” This is not how the venture industry is supposed to operate.” When it comes to breakthroughs in long time-scale, massively capital intensive areas in the hard-sciences, e.g., battery technology and solar technology writ large, I’d posit that the right source of financing for this kind of innovation is either the Government or large corporations.

Ten Questions to Ensure a Viable Business Model

Startup Professionals Musings

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. Revenue model. Investors will want to understand your business model very well and very early.

I’m on the Air – On Sirius XM Channel 111

Steve Blank

Starting this Monday, March 9 th 4-6pm Pacific Time I’ll be on the radio hosting the Bay Area Ventures program on Sirius XM radio Channel 111 – the Wharton Business Radio Channel. Alex Osterwalder – Business Models.

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

Loading… Business. Business. Small Business. SMALL BUSINESS. SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. more in Small Business. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. But now there is evidence that venture-backed start-ups fail at far higher numbers than the rate the industry usually cites. backed by venture capitalists.

Changes in Software & Venture Capital – Part 2 of 3

Both Sides of the Table

Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. Or at least venture-style returns. You can’t scale a large business quickly on your $500,000 alone.

Why Governments Don’t Get Startups

Steve Blank

2) With one noticeable exception, governmental entrepreneurship policies and initiatives appear to be less than optimal, with capital deployed inefficiently (read “They would have done better throwing the money in the street.”) Small Business Startups: Work to Feed the Family.

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

Steve Blank

Luckily in the last quarter of the 20 th century a new source of money called risk capital emerged. Risk capital takes equity (stock ownership) in your company instead of debt (loans) in exchange for cash. Step 4: Generate the business case for the potential acquirer.

Corporate Acquisitions of Startups: Why Do They Fail?

Steve Blank

Corporate business development and strategic partner executives are flocking to Silicon Valley to find these five types of innovation. For acquirers this math makes sense since they can factor in the potential impact the startup has when combined with their existing business.

Pinterest's Not So Controversial Business Model

Inc Startups

My company uses the same business model--and there's nothing unethical about it. What they noticed this week, however, about Pinterest's business model has caused something of an uproar. And, ahem, venture capital is not a business model.

The Future of Corporate Innovation and Entrepreneurship

Steve Blank

So some or most of this post might be that I’ve overdosed on business books for the month.). If we’re right, it will give 21 st companies a way to deal with innovation – both sustaining and disruptive – as a normal course of business rather than by exception or crisis.

Fund Raising is a Means Not an End

Steve Blank

For many entrepreneurs “raising money” has replaced “building a sustainable business” as their goal. When you take money from investors their business model becomes yours. What are the resources and activities needed to make this business happen? Venture Capital

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What Do I Do Now? The Startup Lifecycle

Steve Blank

In this first step, the goal of a startup is to search for a repeatable and scalable business model. Venture-backed startups will often have a Series C or D or later rounds during this phase. Filed under: Family/Career/Culture , Lean LaunchPad , Venture Capital.

Do venture capital firms or private equity funds offer debt financing for startups?

Gust

Their entire business model is based on investing in companies that can potentially offer very high returns. For venture capital, this is typically ten times the invested capital, and those returns can only be achieved through equity appreciation, not debt service. If you already have a startup, why do you believe it will take two to five months to write a business plan?

A New Way to Look at Competitors

Steve Blank

We need a different way to represent the competitive landscape when you are creating a business that never existed or taking share away from incumbents by resegmenting an existing market. Then they annotated the private companies with the amount of private capital they had raised.

Soundcloud’s losses: How much is too much?

StartupCFO

How much “should” a startup burn before it has a proven business model and path to profitability? How does a startup get to raise so much capital if they have not yet figured out how to build a “real business”? Soundcloud’s first VC was Union Square Ventures.

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How Investors Make Better Decisions: The Investment Readiness Level

Steve Blank

a language corporate innovation groups can use to communicate to business units and finance. Teams can prove their competence and validate their ideas by showing investors evidence that there’s a repeatable and scalable business model.

Bigger in Bend – Building a Regional Startup Cluster–part 1 of 3

Steve Blank

When Customer Development and the Lean Startup were just a sketch on the napkin, Dino Vendetti, a VC at Bay Partners, was one of the first venture capitalists I shared my ideas with. Part 2: Early-stage Regional Venture Funds. Job creation in Bend is everyone’s business.

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Google Redefines Disruption: The “Less Than Free” Business Model

abovethecrowd.com

[Follow Me on Twitter] I like to think of myself as an aficionado of business disruption. After all, as a venture capitalist it is imperative to understand ways in which a smaller private company can gain the upper hand on a large incumbent. Internet Uncategorized Venture Capital Web/Tech Android Business Model Disruption Google GPS Mobile Navigation TomTom

Why Uber is The Revenge of the Founders

Steve Blank

A version of this article is in the Harvard Business Review. None of this was law, and nothing in writing required this; this was just how these firms did business to protect their large institutional customers who would buy the stock. — all great things when you are executing and scaling a known business model. And there they would watch the canonical model in action as an experienced executive replaced the founder. Filed under: Venture Capital.

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Developers of NYC Startup Tour to Visit ff Venture Capital

David Teten

After work on April 18, thirty-five curious developers will visit the ff Venture Capital offices to learn about our fund and listen to technical talks by the founders and technical experts of Parsely and Movable Ink.

Bill Gurley on the “Free” Business Model

abovethecrowd.com

I have been intrigued by the back and forth between Chris Anderson, Malcolm Gladwell, and Mark Cuban on the topic of “Free” as a strategy and business model. advertising Internet online video Uncategorized Venture Capital video Web/Tech FreeFor those that haven’t read the articles and posts, I highly reccomend them all. Here they are in a list: 1) Back in February of 2008, Chris [.].

Nokia as “He Who Must Not Be Named” and the Helsinki Spring

Steve Blank

I was invited to Finland as part of Stanford’s Engineering Technology Venture Program partnership with Aalto University. Toxic Business Press and Contradictory Government Incentives. Unique to Finland with its strong cultural emphasis on equality and the redistribution of wealth is a business press that doesn’t understand startups and is overtly hostile to their success. Instead the business press dumped on the founders for “selling out.”

China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

business models. The downside is that with so much venture and angel capital available, investors have been willing to fund the 10 th Groupon clone. websites that are sparse and slick, Chinese users currently expect complicated, crowded and busy web pages.

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