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Top 29 Startup Posts May 2010

SoCal CTO

"Authentic" is dead - A Smart Bear: Startups and Marketing for Geeks , May 3, 2010 It's time to retire the following phrases. Putting customers first. They’re deep into Customer Development ,” he said. After all: Tech support deals with insane customers. Enjoyed this post? The Application. Stay Tuned.

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Why Internal Ventures are Different from External Startups

Steve Blank

The external startup has to work long hours, and make many pivots, to identify the product-market fit, validate the MVP, and articulate a winning business model that can then be repeated and scaled. Worse, Robert Adams and his two partners got 20% of the carried interest in the fund, resulting in payouts of $30 million to the partnership.

Startup 327
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The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

But the biggest innovation was the “carried interest” (called the “carry”.) Aligning their interests with their limited investors and the entrepreneurs they were investing in. In a typical venture fund, the partners receive a 2% management fee. This is where the partners would make their money.