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Entrepreneurs are Everywhere – Show No. 16: Wayne Sutton and Dave Kashen

Steve Blank

— Right out of college, Dave chased a dream of being rich, becoming an investment banker. We pivoted the company toward what the market wanted, and what our users and customer wanted, but away from my initial vision and passion. We found a core distribution model that worked in terms of long-tail search. …

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

Steve Blank

Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) The McMicking’s bought 50% of Ampex for $365,000 (some liken this to the first VC investment in the valley.)