Steve Blank
MARCH 31, 2014
It’s worth noting that everything from the Internet, to electric cars, genomic sequencing, mobile apps, and social media — were pioneered by startups, not existing companies. And to keep executing large organizations hire employees with a range of skills and competencies. Rent seekers fight to keep the status quo.
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! *
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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!
Both Sides of the Table
MAY 25, 2013
The better way to think about VC returns is, do the firms consistently beat alternative asset clases on an IRR basis to adjust for the increased risk and lack of liquidity? It led to hiring Eric Schmidt. I use social media. You invest across many funds just as VCs invest across many companies. Not according to my sources.
Occam's Razor
OCTOBER 14, 2014
Leaders (company is leaving China, our IPO is next week, 1,800 new stores are being opened in 180 days, our new IRR is 8%). In my case I'm looking at Social Media (boss LOVES social!), Any big shifts in investment (marketing, customer experience, team sizes, tools). And other such things.
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