article thumbnail

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.

article thumbnail

Why we need to teach MBA’s about modern entrepreneurship (and what Harvard Business School is doing about it)

Startup Lessons Learned

In fact, this crisis was at the heart of Steve Blank ’s original impetus to develop customer development as an alternative set of milestones to use for startups.) Back in my IMVU days, I met with an investment banker who wanted to help us understand the M&A landscape. I also frequently see the reverse.

article thumbnail

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

Steve Blank

Arthur Rock, an investment banker at Hayden Stone in New York (who helped broker the financing of Fairchild) moved out to San Francisco in 1961 and partnered with Tommy Davis. Davis (an ex- WWII OSS agent) then a VP at the Kern Land Company got involved with investing in technology companies through Fred Terman.