Steve Blank

SEPTEMBER 1, 2011

After poring through stacks of reports, white papers and position papers, I’ve come to a couple of conclusions. When they find it, their focus on scale requires even more venture capital to fuel rapid expansion. but then the government got out of the way. 1) They sure killed a ton of trees.

Government 335

Government Silicon Valley Startup Venture Capital 335

Pascal's View

SEPTEMBER 7, 2009

Unfortunately, Mr. Slywotzky makes an important assertion about venture capital that is incorrect. First, the venture capital business is contracting severely: From the April 18th, 2009 NVCA/PWC Moneytree report: “Venture capitalists invested just $3.0 ” FULL STOP.

IPO 38

IPO Venture Capital America Marketing 38

Pascal's View

MARCH 10, 2010

This is the third in our series of ten frequently asked questions from investors in venture capital partnerships. Share and Enjoy:

Government 28

Government Technical Review Due Diligence Institutional Investors 28

Pascal's View

SEPTEMBER 4, 2013

I’ve written about board governance challenges for startups since 1999, publishing one book, a series of three white papers, and many articles and blog posts on this topic. In these videos, I don’t just ask difficult questions, I answer them. To learn more, go to my Facebook fan page Entrepreneur Essentials.

Video 33

Video Entrepreneur Venture Capital Government 33

Pascal's View

OCTOBER 9, 2013

Institutional venture capital is not increasing; on the contrary, the industry continues to consolidate by firm and is declining in total. It is a tribute to America’s innovation culture that, while most startups fail, we are currently experiencing such a boom in seed financing in the United States.

Angel Investor 28

Angel Investor Video Dilution Venture Capital 28

Professor VC

MARCH 10, 2009

Kennet has a white paper on that summarizes why bootstrapped businesses are the best. In other parts of the country, this is business as usual: Identify a customer need Build a product Sell the product In the valley, the knee jerk reaction is to start with the powerpoint deck and look for the venture capital drug.

Bootstrapping 28

Bootstrapping San Jose Silicon Valley Software Review 28

Pascal's View

JULY 9, 2017

The easiest way to do so is via SAFE notes, due to their simplicity, “available online” documentation, no major covenants established to protect the investors, no governance implications at the board level, etc. All of these items are postponed until the elusive priced equity round. It’s going to be great!”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Pascal's View

JUNE 11, 2009

There is plenty of ink flowing with speculation on the future of the venture capital industry. Phil Wickham , CEO of the Kauffman Fellows Program , has a constructive perspective on this topic, which he expressed in his CEO recap in the Kauffman Fellows Program eBulletin that was published on June 2. ” Share and Enjoy:

Venture Capital 31

Venture Capital Programming Angel Groups Government 31

Growthink Blog

APRIL 25, 2011

On Friday Silicon Valley Bank released a survey of 375 executives at startup technology companies in the 4 core venture capital investment sectors – Software/Internet, Hardware, Life Science, and Cleantech. The study notes that in 2010, venture capitalists invested $21.8 And Government Just Gets in the Way. Are Bullish.

Silicon Valley 69

Silicon Valley Ratchet Private Equity Startup 69

Pascal's View

MARCH 11, 2010

This is the fourth in our series of ten frequently asked questions from investors in venture capital partnerships. Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: Are there ways to mitigate the team risk when in fact VC funds often back a particular team or particular CEO?

Government 28

Government Venture Capital Management Entrepreneur 28

Pascal's View

SEPTEMBER 29, 2008

Below is a definition of the rule, taken from the white paper, “A Simple Guide to the Basic Responsibilities of VC-Backed Company Directors” , written by the Working Group on Director Accountability and Board Effectiveness : Business Judgment Rule.

SEC 28

SEC New York America Programming 28

Pascal's View

MARCH 17, 2010

This is the eighth in our series of ten frequently asked questions from investors in venture capital partnerships. Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: What happens if an LP wants to exit a VC fund? What are their rights?

Limited Partner 28

Limited Partner Government LP Partner 28

Pascal's View

MARCH 15, 2010

This is the sixth in our series of ten frequently asked questions from investors in venture capital partnerships. Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: You had some thoughts about contract terms.

Clawback 28

Clawback Limited Partner Government LP 28

Pascal's View

MARCH 19, 2010

This is the last in our series of 10 frequently asked questions from investors in venture capital partnerships. Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: I’ve read that some GPs are suing LPs for not making capital calls.

Limited Partner 28

Limited Partner Government LP Venture Capital 28

Pascal's View

MARCH 8, 2010

It’s that time of the year again– time to send out audited financial statements and K-1’s to your limited partners– which means it’s also a great time to address some of the common questions that investors raise about VC partnership governance and disclosure issues. entitled to receive from a VC fund?

Limited Partner 28

Limited Partner Government Delaware LP 28

VC Cafe

APRIL 29, 2020

Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP. The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups.

SBA 124

SBA Technical Review Startup 124

Pascal's View

MARCH 4, 2009

speak with legislators and government agency representatives about the need for. Without new approaches to collaboration among government institutions, corporations, universities, and venture capitalists, U.S. venture capital, and new commitments by private investors to funding of. I’ve been to Washington, D.C.

Venture Capital 28

Venture Capital United States America Government 28

Pascal's View

MARCH 28, 2009

  Both the Government and the private. failure of this country’s regulatory oversight of the capital markets has been. SEC’s failure to enforce a whole body of regulation governing the now largely. been exposed succinctly in the white paper “Why are IPOs in the ICU”. be resolved.   We should not forget.

Securities and Exchange Commission 28

Securities and Exchange Commission IPO Government Global 28

Pascal's View

APRIL 19, 2009

mso-bidi-font-family:Arial">   mso-bidi-font-family:Arial"> The Q1 2009 venture capital investment statistics. new capital formation from venture-backed companies because capital normally dedicated to long-term risk has been severely drained from our equity markets—both public and private.   While.

Venture Capital 31

Venture Capital Early Stage Washington California 31

Austin Startup

JUNE 26, 2019

I see consumer markets harnessed to wag the dog of public sector employers (government, military) and then the private sector. I see a TON of conscious capital opportunity in there, too. On the other side, I lament the budgets and detailed explanations of ECE wonks working to sell a white-paper vision in a smartphone world.

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

Pascal's View

MARCH 9, 2010

This is the second in our series of ten frequently asked questions from investors in venture capital partnerships. To address the broader point about accuracy in book valuation, I am concerned that the developing industry standard for venture capital is at risk of going too far while providing no real benefit to investors.

Government 31

Government Private Equity Institutional Investors Venture Capital 31

Pascal's View

NOVEMBER 7, 2008

 For a link to the full article, click here.   I've excerpted some of the core concepts in the article below: " My advice for other tech entrepreneurs thinking of launching right now?

Entrepreneur 28

Entrepreneur Salary Business Model Lean 28

Cracking the Code

OCTOBER 10, 2008

If you are interested in learning more about the Bessemer 10 Laws of SaaS, you can listen to the webminar we did earlier this week with Salesforce by clicking on the picture below: You can also download the full white paper on the SaaS section of the Bessemer website or browse quickly through the slides on slidehsare. at 11:09 AM.

Software Review 48

Software Review North America Europe Metrics 48

Steve Blank

DECEMBER 3, 2020

It would be the biggest investment from the federal government in research and development since the end of the Cold War, and a lot of that would be in clean energy technology. It wasn’t that they wanted to go to GSB and then make a bunch of money doing venture capital in Silicon Valley. It was more about flexibility.

Technical Review 244

Technical Review Technology China Taiwan 244

Pascal's View

MAY 10, 2009

  Democrats seem to lack the decisiveness, clarity of vision, and toughness necessary to govern.  .  Republicans act like rabid attack dogs in and out of power and treat facts like trash.    This tableau of domestic political stalemate begs for new leadership. 

United States 28

United States America Leadership Government 28