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Why Governments Don’t Get Startups

Steve Blank

Not understanding and agreeing what “Entrepreneur&# and “Startup” mean can sink an entire country’s entrepreneurial ecosystem. Who’s an entrepreneur? There are six distinct organizational paths for entrepreneurs: lifestyle business , small business, scalable startup, buyable startup, large company, and social entrepreneur.

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

Steve Blank

to spur innovation was a new government agency to fund new companies. The Small Business Investment Company (SBIC) Act in 1958 guaranteed that for every dollar a bank or financial institution invested in a new company, the U.S. government would invest three (up to $300,000.) In response, one of the many U.S.