Steve Blank

OCTOBER 1, 2009

corporation, and by extension Sloan laid the foundation for America’s economic leadership in the 20th century. Sloan kept the corporate staff small and focused on policymaking, corporate finance and planning. The Modern Corporation Sloan is rightly credited with formalizing the idea of the modern U.S. One guy really did all of this.

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Steve Blank

OCTOBER 26, 2009

Corporate Finance One of the ironies in Silicon Valley is that the two companies which gave birth to its entire semiconductor industry weren’t funded by venture capital. Since neither of these startups were yet doing any business with the military—and venture capital as we know it today did not exist, they had to look elsewhere for funding.

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Steve Blank

OCTOBER 29, 2009

Arthur Rock, an investment banker at Hayden Stone in New York (who helped broker the financing of Fairchild) moved out to San Francisco in 1961 and partnered with Tommy Davis. The first limited partnership that lasted for a while was formed by Davis and Rock in 1961.

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