Customer Development Finance Limited Partner Management 
Steve Blank
JULY 15, 2010
VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. This changed their interest from managing your board for their liquidity to managing the board for all shareholders. They’ve created virtual IPO’s for founders and employees via late-stage private financing.
Steve Blank
JUNE 1, 2011
Investors get board seats to assure themselves and their limited partners that they are duly informed about their investment. 3) An experienced board brings an extensive network of customers, partners, help in recruiting, follow-on financing, etc. From a VC’s point of view there are two reasons for board meetings.
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Steve Blank
JUNE 1, 2011
Investors get board seats to assure themselves and their limited partners that they are duly informed about their investment. 3) An experienced board brings an extensive network of customers, partners, help in recruiting, follow-on financing, etc. From a VC’s point of view there are two reasons for board meetings.
Steve Blank
OCTOBER 29, 2009
Meanwhile on the West Coast – “The Group” 1950’s When Ampex was raising its money, in 1952, an employee of Fireman’s Fund in San Francisco, Reid Dennis , managed to put $20,000 in the deal. The limited partnership offered one way to structure an investment company. The fund would have limited life.
ReadWriteStart
JUNE 13, 2011
Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "Customer Development" methodology that helps startups optimize their chances for success while reducing risk. Investors get board seats to assure themselves and their limited partners that they are duly informed about their investment.
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