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

Where Do Venture Capital Dollars Actually Come From? This Visual Explains

Agile VC

Most folks reading this will know that many startups were built in part with the help of venture capital. So I wanted to dive a little deeper into what I call the startup capital supply chain. Google, Intel Capital).

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 ?-

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

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

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 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.

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.

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.

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.

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.

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.

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.

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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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.

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.

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.

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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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?

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.

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

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.

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.

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.

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When doing the right thing by people is also the better business model: Why I backed Homer Logistics

This is going to be BIG.

These small businesses needed a single delivery solution in order to focus on what they do best--whether it's making food or curating products to sell in a store. This way, Homer doesn't have to raise hundreds of millions of venture capital dollars to change consumer ordering behavior. It found a better business model that solves doing right by customers and doing right by its staff.

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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.

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 [.].

In Defense Of Free

A VC : Venture Capital and Technology

There is a paid TV business and it is flourishing. Spotify's core business model is a subscription music service. We've seen folks try this model. mobile Venture Capital and Technology Web/Tech

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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The Third Way

A VC : Venture Capital and Technology

This is something I care a lot about because my business model requires getting liquid but I hate the idea that my business model creates problems for the entrepreneurs we back. Venture Capital and Technology

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Token Thoughts on the Blockchain Boom

thebarefootvc

Longer term, I believe tokens can enable a whole new ownership model, where consumers will be incentivized to use and improve the services they use most often. The past 10 days have been heady for anyone in the cryptocurrency space.

The Humanity of Our AI Future

thebarefootvc

Consider this quote from a NY Times article from 2014: Dr. Abbott collaborates with scientists at Columbia and elsewhere, trying to build computer models of how the brain might work. In 1991, as an undergrad, I wrote a paper on social cybernetics and its role in robotics.

Indeed

A VC : Venture Capital and Technology

A business model that, like Google's, is the best on the Internet. Venture Capital and Technology Web/TechThe first great investment we made at USV was Indeed in the summer of 2005. Brad had been looking for a search engine for jobs and I saw this post on John Battelle's blog in late 2004. I forwarded it to Brad and he reached out to Paul and Rony. It took two tries before we could convince them to take our money.