article thumbnail

10 Reflections After 10 Years of NextView

View from Seed

One industry specific example is the strange fascination among some LPs and GPs around term IRR. Even though everyone knows that VC funds take 10+ years to come to fruition, one often can’t help but benchmark themselves based on IRR in the early days. What I was purporting was just “the greater fool theory”.

IRR 205
article thumbnail

10 Reflections After 10 Years of NextView

View from Seed

One industry specific example is the strange fascination among some LPs and GPs around term IRR. Even though everyone knows that VC funds take 10+ years to come to fruition, one often can’t help but benchmark themselves based on IRR in the early days. What I was purporting was just “the greater fool theory”.

IRR 156
Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Reflections After 10 Years of NextView

View from Seed

One industry specific example is the strange fascination among some LPs and GPs around term IRR. Even though everyone knows that VC funds take 10+ years to come to fruition, one often can’t help but benchmark themselves based on IRR in the early days. What I was purporting was just “the greater fool theory”.

IRR 136
article thumbnail

ESADE Business School Commencement Speech

Steve Blank

Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. For example they can reduce component cost, introduce a line extension or create new versions of the existing product.

article thumbnail

5 Ways Today’s Market Allows Startups To Scale Faster

Startup Professionals Musings

We are all more reachable through powerful and mobile personal computer devices, and the world is more and more connected with the Internet of Things (IoT). Today as companies use tools to collect massive amounts of data on desired consumers, brands are able to increasingly market to very specific groups of people, at less cost.

IRR 143
article thumbnail

Why Companies are Not Startups

Steve Blank

Facing continuous disruption from globalization, China, the Internet, the diminished power of brands, changing workforce, etc., This first post will describe some of the structural problems companies have; follow-on posts will offer some solutions. existing enterprises are establishing corporate innovation groups.

IRR 335
article thumbnail

Fund Raising is a Means Not an End

Steve Blank

And what are its costs? In times of unlimited cash (internet bubbles, frothy venture climates) you can fix your mistakes by burning more dollars. What is an IRR? How do we attract, keep and grow customers? What are revenue strategy and pricing tactics? Who are the partners? Who to take money from? When to raise money.