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Fund Raising is a Means Not an End

Steve Blank

If you’re a scalable startup, you want to spend small amounts of money (seed capital) as you run experiments testing your hypotheses. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. What is an IRR? Why small amounts? How long is a fund’s life?

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

If you’re a scalable startup, you want to spend small amounts of money (seed capital) as you run experiments testing your hypotheses. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. What is an IRR? Why small amounts? How long is a fund’s life?