Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

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David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

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Austin Startup

JUNE 27, 2017

Austin-Based Venture Capital Firms There are a eleven venture capital firms based in Austin that are actively investing today, six of which are first funds. VC Firms Actively investing in Austin Companies Finally, there are a group of venture capital firms that are not based in Austin that are active investors here.

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Steve Blank

MARCH 19, 2009

Yet two smart VC firms, Sigma and Matrix Partners, realized that somewhere in this mess there was value. Now with a new infusion of $8 million dollars of venture capital, SuperMac had been resurrected from the dead and was attempting to restart. And with all of that they had gone broke, out of business and into Chapter 11.

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thebarefootvc

AUGUST 13, 2013

These vertical solutions would focus on specific pain pain points in the enterprise, such as logistics or customer relationship management. Client-server has moved to the cloud (dramatically decreasing the cost of software development and deployment), and mobile apps are everywhere. Fast forward to 2013. – PEOPLE.

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VC Cafe

MAY 23, 2023

More and more, established companies are leaning into generative AI by either adding generative AI features to their existing suite of tools or partnering with AI companies (mostly OpenAI or the open source HuggingFace) to launch entirely new products. There’s an interesting thing happening in the generative AI world.

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VC Cafe

SEPTEMBER 8, 2023

But builders who see AI as the driving force behind product development and GTM strategy will actually create new markets and experiences that never existed before. Index Ventures also pointed out the potential of generative AI to disrupt vertical SaaS.

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Steve Blank

APRIL 10, 2009

Customer Development ) to help you quickly recognize and reverse any incorrect decisions. Customer Development) to help you quickly recognize and reverse any incorrect decisions.&# Reply One difference between VCs and Entrepreneurs « Lightspeed Venture Partners Blog , on April 20, 2009 at 7:06 am Said: [.]

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Steve Blank

DECEMBER 7, 2009

Customer Development We were starting Epiphany, my last company. The initial hypothesis for Epiphany (from my much smarter partner Ben ) was that as departments in the enterprise (manufacturing, finance, customer support sales) became automated, the marketing department would eventually get its turn. Are These Your Slides?

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Steve Blank

SEPTEMBER 24, 2009

Filed under: Customer Development | Tagged: Entrepreneurs « Customer Development Manifesto: The Path of Warriors and Winners (part 5) Unintended Lessons » 6 Responses Twitter Trackbacks for Let’s Fire Our Customers « Steve Blank [steveblank.com] on Topsy.com , on September 24, 2009 at 7:19 am Said: [.]

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View from Seed

MARCH 29, 2018

We wanted to learn more about the nuanced industry market forces before applying the same hands-on investing model we do with tech startups in other verticals. We don’t seed companies that are developing drugs or medical devices that will require FDA approval. They can be surprisingly capital efficient.

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Both Sides of the Table

JUNE 18, 2010

What a pleasure that I got to spend an hour talking with both Om Malik (whom I’ve always respected his views) and Paul Jozefak , a venture capital partner at Neuhaus Partners in Germany (and formerly the head of Europe for SAP Ventures). Paul discussed his perspective having been at SAP Ventures.

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ReadWriteStart

JANUARY 6, 2011

We started this week's roundtable with a discussion of all the resources we have brought together over the last three years to help entrepreneurs, including a comprehensive curriculum for entrepreneurship development on a large scale. wants to develop a mystery show. Very cool concept, designed by an energy scientist, upon which J.J.

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VC Cafe

DECEMBER 1, 2022

However, in reality the Metaverse is still in its early stages of development, and yet, we already can see positive examples of its impact. As the underlying technology for the Metaverse continues to evolve, we will see more and more use cases brought to life across verticals. Into the Metaverse event in London.

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Steve Blank

OCTOBER 5, 2009

He was my role model at Convergent, mentor at Ardent and partner at E.piphany. Reply steveblank , on October 5, 2009 at 2:08 pm Said: Chris, Ben was the founding VP of Engineering at Ardent. Future posts will have some Ben stories. steve Chris Ryland , on October 5, 2009 at 12:08 pm Said: Anyway, looking forward to this series.

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Steve Blank

NOVEMBER 5, 2009

This post describes how companies using the Customer Development model can increase their credibility, valuation and probability of getting a first round of funding by presenting their results in a “Lesson Learned&# venture pitch. Did the partner have a good or bad day, etc. Is there a profitable business model?

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Steve Blank

MAY 22, 2009

While one could argue that a trade show is just another demand creation activity akin to advertising or PR, trade shows are the closest eyeball-to-eyeball contact you’re company is going to have with customers, competitors and partners. Write it down and keep it in a tradeshow handbook for those who will follow.

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Both Sides of the Table

APRIL 10, 2010

I guess it may be impractical for Twitter to acquire Seesmic given it has raised considerable amounts of venture capital (reportedly $12 million) but the broader point for me is that I always believed Twitter should control the client versions of its product. Think about the creative tension.

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The Next Web

OCTOBER 2, 2013

For mobile app developers, the impressive figures are enticing. In this aspect, China’s huge market seems ripe for the taking — and which firms are better-placed to do so than homegrown startups, especially app developers looking to conquer the mobile market? China is the world’s largest country with more than 1.3 billion people.

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Haystack

JANUARY 18, 2020

To me, it makes sense, because “tech” is no longer a vertical – it’s seeping into every sector horizontally. While I don’t think founders expect a SWAT team to show up and build their startup with them, they do expect some high-leverage support in business development, executive recruiting, and capital formation.

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Haystack

FEBRUARY 9, 2019

But Gade’s and Paka’s vision wasn’t simply to leverage AI for a vertical application. And, looking ahead, imagine a world where these algorithms get stronger, smarter, and more intuitive, to the point where they develop their own intuition in making decisions. This is what they call the “Black Box.” Enter, Fiddler Labs.

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Steve Blank

AUGUST 17, 2009

Although this reseearch would lead to the development of the Backward Wave Oscillator and Traveling Wave Tube for military applications, Stanford was building tubes and circuits not entire systems. Stanford had a Customer Development loop going on inside their own lab. The labs basic research was done by graduate students or Ph.Ds

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www.informationarbitrage.com

FEBRUARY 24, 2010

Home About Press IA Capital Partners Archives After 17 years in M&A, Derivatives and Trading, Im spending my time with young entrepreneurs in and around financial technology and digital media. So why do inexperienced (as entrepreneurs), ultra-skilled CTOs fall into the trap of engaging a business partner too early? Camaraderie?

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Reid Hoffman

MARCH 1, 2021

Founded in 2009 by JoeBen Bevert, Joby Aviation has been working under the radar at a base in Santa Cruz, California to develop an electric vertical take-off and landing (eVTOL) aircraft. But Joby’s quest includes even more than the amazing hardware it’s developing. Our model here at RTP is to deliver “venture capital at scale.”

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David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . But in business, you want a lot of partners.

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cdixon.org

SEPTEMBER 17, 2011

Hopefully by that time you’ve developed the idea much further and in much greater detail – by talking to as many people as possible. Another benefit of talking freely, is that you may also find potential partners or future employees–other key components beyond investment money. link] Stan James. link] Nivi.

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Steve Blank

JUNE 5, 2009

You leave the comfort of your existing job, convince a few partners to join you and you jump off the bridge together. Customer Development This strategy of starting on faith, and quickly turning them into facts is the core of the Customer Development process. Employ customer development. Great, sign me up.

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Pascal's View

SEPTEMBER 24, 2008

How will the continuing fundamental changes in the capital markets impact the model for venture capital investing in America and internationally? THE PANEL: Sean Hill, Partner, Proskauer Rose, LLP – moderator. John Balen, General Partner, Canaan Partners. Tom Crotty, Managing Partner, Battery Ventures.

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Steve Blank

MARCH 22, 2009

Steve my name is Donald xx, and I’m the head of external affairs of the CIA’s venture capital firm and we’d like you to keynote our conference.” And you’d like me to do my talk on Customer Development and startups?” “No, we’re the other CIA.” Do you mean the Culinary Institute of America?

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Cracking the Code

DECEMBER 2, 2006

The time they spend with customers is usually limited to transactional core products sales, generating lower margins – The resource allocation is not always matching the opportunity (geography, customer segment, vertical.) – The rules of engagement for technical resources (solution or product specialists) are not clear.

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Cracking the Code

JANUARY 19, 2016

Even in 2006, when I joined Bessemer Venture Partners, there was still a lot of skepticism in the Silicon Valley around SaaS (one of my first blog post in 2006 was titled: “W hy I disagree with Tony Zingale — CEO of Mercury Interactive — on the future of SaaS "). My SaaS focus at Accel Partners is the natural continuity of this path.

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Steve Blank

JULY 9, 2009

So I got out out of the building to meet and understand our customers and distribution partners. I remember after a month or two of talking to 14-22 year old male gamers (our potential target market,) I realized that for the first time in my career I had no emotional connection to my customers or channel partners.

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Steve Blank

JUNE 22, 2009

Hewlett’s partner Dave Packard wanted to get into the computer business.) And venture capital and entrepreneurship has made life even tougher for the modern corporation. Instead of bemoaning the demise of an old company we should be celebrating new companies that develop new helpful technologies.

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Steve Blank

MAY 21, 2009

Partners Booths While your booth may be small, some of your potential or existing partners may have much larger ones, in much more visible locations. For a small company this is like throwing your tradeshow money on the floor. Look for locations near entrances, food concessions, rest rooms, seminar rooms, or close to major exhibitors.

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Steve Blank

NOVEMBER 9, 2009

I had hired the VP of marketing from a potential software partner who was responsible to get all this 3 rd party software on our computer. I’ve been on the side of your potential partners, and I know that often too much ‘persistence’ is offputting. Oh, and we had no installed customer base. u have to be creative, too.

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VC Cafe

SEPTEMBER 27, 2010

million in a second round led by previous backer Genesis Partners and joined by T-Venture , the venture capital company of Deutsche Telekom. Innovid has developed an interactive pre-roll ad format called iRoll, that encourages users to click on moving objects with the interactive ads before watching the video.

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Steve Blank

JULY 2, 2009

To an entrepreneur, being asked to join a venture firm with an Entrepreneur-in-Residence title means you have been tapped on the shoulder by the VC gods. The CDROM content business in the early 1990’s was one of the many of the long line of venture capital fads. Lots of ideas sound exciting because people are clueless.

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