Steve Blank
MARCH 31, 2014
Unfortunately as we’ve learned from recent experience, using Return on Net Assets and IRR as proxies for efficiency and execution won’t save a company when their industry encounters creative disruption. And to keep executing large organizations hire employees with a range of skills and competencies.
David Teten
NOVEMBER 23, 2020
For many VC investments, the expected outcome is that a new company spins up, hires dozens or hundreds of people, and then shuts down. Traditional KPIs are, in descending order of importance: IRR (and secondarily Multiple). In addition to the point I made above about diversity, I will add that traditional VC is very wasteful.
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David Teten
MAY 8, 2012
As Steve Case has said, it’s ridiculous that anyone can gamble and be guaranteed to lose money, but there are strict regulations around who can invest in early-stage private companies and earn (in some cases) a 27% IRR on their capital. *. They hired the Sustainable Economies Law Center to write to the U.S. Start now! *
This is going to be BIG.
JULY 30, 2015
Toss in a few acqui-hires in the $6-8mm post seed. 20% of the Seeds get acqu-hired at the 6 post. So here's what the charts say for follow on strategies: If you run down the first column, what it says is that it basically doesn't matter if you follow on from an IRR perspective--a percent won't kill you here or there.
Both Sides of the Table
MAY 19, 2018
Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. I hired a sales coach named Kai Krickle who helped me figure out how to close more deals.
Eric Friedman
MARCH 15, 2017
These traits are things like: execution abilities, category expertise, leadership, technical abilities, ability to hire and retain great teams, clear vision, etc… What I underestimated when working so closely with entrepreneurs every day is how much being coachable mattered.
Steve Blank
AUGUST 5, 2014
Also the adage As hire As, Bs hire Cs—absolutely true—be careful of the company you keep, And what goes around comes around. I was on the way to my lifetime IRR of 90%. Plus, I had learned some stuff that you don’t get in business school: How to cold call –adrenaline, real time, 3 seconds to grab their attention—learn this!
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