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

Steve Blank

We were probably a little bit arrogant in our thinking of what we could create and how we could lead developers to create these ideas that we have. The features didn’t match what ultimately the customers would buy or wanted. — Right out of college, Dave chased a dream of being rich, becoming an investment banker.

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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.) More on this in the next post.