Failure and Redemption

Steve Blank

Redemption. Now when I listen to entrepreneurs who’ve cratered a company, I listen for their stories of failure and redemption. Six stages of failure and redemption. “What’s gone and what’s past help. Should be past grief.”

Failure and Redemption

Steve Blank

Redemption. Now when I listen to entrepreneurs who’ve cratered a company, I listen for their stories of failure and redemption. Six stages of failure and redemption. “What’s gone and what’s past help. Should be past grief.”

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Redemption Through Entreprenership

The Entrepreneurial Mind

The post Redemption Through Entreprenership appeared first on Dr Jeff Cornwall The Entrepreneurial Mind : David Harris shares his incredible story of how he transitioned from prison to being a successful entrepreneur. TweetFacebookLinkedInTumblrStumbleDiggDelicious.

What Tennis Player Stanislas Wawrinka Story Of Redemption Can Teach Entrepreneurs About Perseverance by Yaro Starak

I don’t play … Read the rest of this entry » The post What Tennis Player Stanislas Wawrinka Story Of Redemption Can Teach Entrepreneurs About Perseverance appeared first on I love January.

Retirement and Redemption « Steve Blank

Steve Blank

Home Books for Startups Secret History-Bibliography Steve Blank Startup Resources Steve Blank Entries RSS | Comments RSS Categories Air Force (9) Ardent (9) Big Companies versus Startups: Durant versus Sloan (29) California Coastal Commission (3) Conservation (2) Convergent Technologies (1) Customer Development (98) Customer Development Manifesto (22) E.piphany (6) ESL (7) Family/Career (21) Market Types (9) Marketing (17) MIPS Computers (1) Rocket Science Games (7) Secret History of Silicon Valley (21) SuperMac (12) Teaching (9) Technology (39) Uncategorized (3) Venture Capital (18) Vertical Markets (5) Zilog (4) Recent Posts Who’s An Entrepreneur-Talk with the Kauffman Foundation Requiem For A Roommate Too Young to Know It Can’t be Done Strategy is Not a To Do List Why Pioneers Have Arrows In Their Backs Less is More, More or Less Panic at the Pivot – Aligning Incentives By Burning the Boats The Peter Pan Syndrome–The Startup to Company Transition You Negotiate Commodities, But You Seize Opportunities Job Titles That Can Sink Your Startup Archives October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 Other Stuff Steve Blank Startup Resources Secret History-Bibliography Books for Startups February 2009 M T W T F S S Mar » 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Meta Register Log in Entries RSS Comments RSS Retirement and Redemption Posted on February 23, 2009 by steveblank In 1999 I retired and began to reflect about my career and what had happened in the previous 21 years and eight startups in Silicon Valley. Alone in a ski cabin with the snow coming down outside, and my wife and daughters out on the slopes all day, I started collecting my thoughts by writing a series of “lessons learned” stories that I had hoped would become my memoirs. Eighty some pages later I realized that a) I had some great war stories as a good marketeer and failed CEO, b) I’d have to pay my wife and kids to read them, c) the three of them were probably the entire total available market, and d) when I looked at what I had done and what other entrepreneurs had done at their startups, that there was a pattern. Filed under: Customer Development | Tagged: Customer Development , Early Stage Startup , Entrepreneurs , Startups , Steve Blank The Product Development Model » 2 Responses Venkat , on March 8, 2010 at 4:23 pm Said: For those who want to read the series from the beginning, here is “he Secret History of Silicon Valley&# organized as a trail on The trail map is at: [link] And you can start reading here: [link] I threw in a couple of extra Fred Terman links besides your material Steve Venkat (shamelessly pimpin’ trailmeme!) Reply steveblank , on March 8, 2010 at 4:29 pm Said: Thanks! steve Leave a Reply Click here to cancel reply. Order Here. To Order Outside of the U.S. Now In Print! Steve Blanks 30 years of Silicon Valley startup advice. Follow me on twitter @sgblank Follow my speaking schedule on Plancast @sgblank RSS Feed RSS - Posts Email Subscription Blogroll Alexander Osterwalder Andrew Chen Ben Horowitz Brant Cooper Dave McClure Eric Ries Great Advice Lean Startup Circle Mark Suster – Both Sides of the Table Sean Ellis Sean Murphy To Be an Entrepreneur Tom Byers – Technology Ventures Venture Hacks Conservation California Audubon California Coastal Commission Coastal Commission Videos Peninsula Open Space Trust Customer Development Customer Development Methodology – slides Eric Ries on Customer Development Four Steps to the Epiphany – the book Maples Investments Stanford Entrepreneurial Leadership Talks by Steve Blank The Lean Startup by Eric Ries & Steve Blank – slides Secret History of Silicon Valley The Secret History of Silicon Valley – Dec 2009 slides The Secret History of Silicon Valley – video The Four Steps to the Epiphany now available in Japanese. Blog at Theme: Digg 3 Column by WP Designer.

Venture Capital Term Sheets – Redemption Rights

Scott Edward Walker

Here are the issues I have addressed to date: common mistakes dealing with VC’s valuation liquidation preferences stock options exploding term sheets and no-shop provisions anti-dilution provisions dividends Board control protective provisions drag-along provisions pay-to-play and pull-up provisions conversion rights In today’s post, I examine the redemption rights of investors. Redemption Rights What Are Redemption Rights? What Does a Redemption Rights Provision Look Like?

a16z Podcast: Your Worst Deeds Don’t Define You — Life and Redemption in Prison

Ben's Blog

Men and women who have spent decades in prison are being released into an iPhone-enabled world that they hardly recognize. Shaka Senghor is one of those people, imprisoned at age 19 for second-degree murder and released almost two decades later … book launches

VC Term Sheets – Investors’ Option to Walk

Scott Edward Walker

VC Issues due diligence exploding term sheets founders Fred Wilson investors' option liquidation preferences no shop Rand Fish redemption rights startup vc VC term sheet venture capital

Walker Twitter Highlights: August 11th – 21st

Scott Edward Walker

orDpNw Quora: “What are the common conditions of preferred shares in Silicon Valley with regard to redemption rights?” Twitter Highlights bubble data founders Paul Graham raising money redemption rights silicon valley startup VCs Warren BuffettI’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.

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What Are the Rights of Minority Stockholders?

Scott Edward Walker

Startup Issues anti-dilution provisions controlling stockholders conversion rights derivative claim fiduciary duty inspection rights liquidation preferences minority stockholders oppression proper purpose redemption rights

Should I Use My Investor’s Lawyer?

Scott Edward Walker

Not to mention pushing back hard on unreasonable terms, such as “exploding” term sheets or certain redemption rights. Angel Issues VC Issues anti-dilution provisions convertible note drag-along rights exploding term sheets investor lawyer liquidation preference New York option pool protective provisions redemption rights Series A term sheet series seed silicon valley startup lawyer

Walker Twitter Highlights: July 4th – 10th

Scott Edward Walker

” - @jgebbia [link] Road to Riches: Zynga’s Path to IPO – interesting infographic [link] Walker Blog-Related In case you missed it, here’s my post regarding redemption rights in a VC term sheet: [link] My new Forbes post: Doing Deals – 3 Tips for Entrepreneurs (Part 2) [link]. Twitter Highlights Airbnb doing deals entrepreneurs Marc Andreessen pivot raise capital redemption rights term sheet Zynga

Engineering spirals: 10 philosophies to facilitate innovation

The Next Web

Get busy living, or get busy dying” – Shawshank Redemption Building great engineering teams is difficult, but it is also increasingly important as the world in which we live is more than ever driven by software.

5 Interesting Observations on the Groupon Model from Academic Research


Observation 2: Spending beyond face value at redemption is not predictive of profitability. Observation 3: A larger face value & redemption duration helps attract new customers but the discount does not. The number of daily deal sites is growing at an amazing rate.

[Singapore] NETS Launches Location-Based App For Deals


There are also what NETS calls “Special Deals”, a daily deal-style promotion that is a deal limited by quantity, price or time for redemption.

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Why We Must Have Zero Tolerance for Sexual Misconduct in Venture Capital

Both Sides of the Table

You can love them and want rehabilitation and perhaps one day redemption but when a person has exploited a position of power they don’t deserve our sympathy above that of the victims and they don’t deserve a free pass back into power.

Why My Kitchen Cabinets Could Solve Jet’s Cold Start Problem

Hunter Walker

Dropbox previously acquihired Endorse , a team that was working on receipt-based coupon redemption and market intelligence. I want to try Jet , the new commerce site which promises to be even cheaper than Amazon. What prevents me?

NoiseStreet Brings Interactivity To OOH Advertising


Brands can track redemption rates and promotion-linked in-store sales. The problem with most out-of-home (OOH) advertising – billboards, large digital screens, etc – is that marketers have absolutely no idea how to measure its effectiveness.

Get Busy Doing and Stop Being Busy Reading

Babbling VC

I was reminded of the wonderful quote from Shawshank Redemption where the main character says to "Get Busy Livin' or Get Busy Dyin'!" . . Well, it isn't much different in the business world.

[Singapore] Going Mobile Is A Big DEAL For Daily Deals


The mobile app’s unique feature was its paperless redemption process, which allows deal hunters and purchasers to redeem their deals simply by showing participating merchants their mobile phones, and without the need of printing physical coupons.

Small Business and Startups: Telling the Truth

crowdSPRING Blog

Violence followed by confession leads to redemption right? Telling the truth conjures images of cherry trees and axes. In business the truth can be elusive, even fungible.

The Invisible Flaw: Setting Up for a Perceived Win

Life Beyond Code

What the redemptions won’t say is: How many of those people would have stayed at Westin twice even when they didn’t see this offer (regulars at Westin). Since there will be redemptions of the $100 certificate there is a “perceived win&# and that is the invisible flaw. The sad part about a flaw is that it is visibly invisible – meaning you should have seen it but you don’t. In other words, a flaw typically does not hide itself from you.

Taking My Running Up to Another Level

Feld Thoughts

It’s the redemption after a night of excess, followed by the joy of the next day when your system is recalibrated. I spent the day yesterday with Seth, Ryan, and Jason at our quarterly offsite. We finished, as is our tradition, with dinner at Frasca, which involved a lot of wine. I rarely drink wine anymore as I never feel good the next day (I’ve switched to mostly drinking scotch.)

One Book Every Entrepreneur and VC Should Own

Both Sides of the Table

Redemption rights? This article originally ran on TechCrunch. tl;dr version: If you’re an entrepreneur or VC or will be working in this industry - buy this. read it. live it. When I first started as a startup CEO in 1999 there were no guides on raising venture capital.

Integrating SMS into Existing Marketing Efforts

Up and Running

We include an expiration date so we can control the redemption. Redemption – I could probably write a book on the different ways redemption can work, so I’ll be brief. In short, SMS coupon redemption can be done in any number of ways. The simplest is to have the customer show the cashier the text message upon checkout and the cashier keeps a running tally of redemptions. Integrating SMS into Existing Marketing Efforts. First, what is SMS?

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Mobile Spinach – Mobile Commerce And Group-Buying Platform


This makes redemption quick and convenient, without the hassle of showing printed emails or other methods employed by traditional group-buying sites.

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Vanishing Mediary

Feld Thoughts

The most glorious media story arc is rags to riches to rags with redemption back to riches. I love the phrase vanishing mediary. This is what I aspire to be. It’s the opposite of a visible intermediary. In our ego-fueled world, many people want to be front and center. Leaders are told to lead from the front, even if all they do is get up on a white horse and exit stage left as soon as the battle starts.

Are you an Ebenezer Scrooge or a Bob Cratchit? Our Favorite Christmas Movie Villain Bosses

Up and Running

Ebenezer Scrooge, A Christmas Carol: Charles Dickens’ classic tale of greed and redemption is a holiday staple, and to the casual observer, the story’s main protagonist, Ebenezer may seem to be a one-dimensional, miserly villain, but he’s also the original bootstrapper!

The 7 Jaw-Dropping Stats That Will Radically Change Your Local Marketing

Mike Michalowicz

Mobile coupons get three times the clicks and 10 times the redemption as traditional paper coupons. Not yet sold on the impact of the Internet on your business? Consider this: Hungry? Restaurants with a 3.5 star rating on Yelp are 63 percent more likely to be full than a restaurant with a 3 star rating. A whopping 88 percent of consumers who search for a business on a mobile device, buy or visit that business within 24 hours.

10 Incredible Mobile Marketing Statistics Every Entrepreneur Must Know

Growthink Blog

According to Borrell Associates, mobile coupons get 10 times the redemption rate of traditional coupons. I have to admit, I'm not a pioneer by any stretch when it comes to most new technologies. I was the last of my friends to get a cell phone.

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Crowdfunding vs. Peer-to-Peer Lending

Growthink Blog

With regards to rewards, with Crowdfunding you want to offer something to the people who help fund your project, such as future redemption of the product or service you are creating, discounts, prizes, gifts and bonuses.

SaaS CRO: What You’re Not Testing (But Should)


Metric examples: Product affinity; Referral or affiliate revenue; Loyalty rewards redemption rate. Think back to the last experiment you ran for your SaaS company. What were you trying to learn or improve? Maybe you wanted to increase email captures or free-trial leads. .

Model Series Seed Docs

The Startup Lawyer

The Amended and Restated Certificate of Incorporation includes the typical provisions you might find in a VC deal, less (i) preferential dividends, (ii) redemption rights, and (iii) price based anti-dilution. “The Series Seed Documents are a standardized set of documents that can be quickly and easily deployed for a seed investment: to help get a company financed properly, legally, quickly, and intelligently.&#.

The 4 Keys to Building Brand Loyalty with Millennials

Up and Running

Brands can benefit most from digital coupon redemption experiences that are automatic. According to John Caron, CMO at Linkable Networks, “Marketers who consider invisible redemption (card-linked) will win the race to scale digital couponing.”.

Understanding Privilege – My Experience in Prison

Feld Thoughts

A month ago Mark Suster (Upfront) and I hosted 75 colleagues for a full day at the California State Prison, Los Angeles County – also known as Lancaster.

Why In-Game Advertising Sucks

Austin Startup

Now that you’re in total despair over the state of in-game advertising, it’s time for the redemptive denouement. In-game advertising sucks. That’s not news, but it bears repeating.

The Heart Of The Game: PR Lessons Learned From Game Of Thrones


But more to the point is the idea of redemption when a mistake has been made. by Leslie Licano, co-founder and CEO of Beyond Fifteen Communications.

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Philadelphia University Commencement Speech – May 15th 2011

Steve Blank

My third story is about Failure and Redemption. I am honored to be with you as we gather to celebrate your graduation from Philadelphia University. While I teach at Stanford and Berkeley, to be honest… this is the closest I’ve ever gotten to a college graduation.

9 Common Mistakes to Avoid During Funding Rounds

Up and Running

I then signed off on an ugly redemption clause without analyzing the waterfall in an average exit scenario. When raising your first round of capital, there are a few common mistakes many entrepreneurs make.

Post Brexit thoughts – we need leaders

The Equity Kicker

Their anger and fear is increasing the uncertainty we’re suffering from which is causing more redemptions, which is, in turn, increasing the anger and fear, and I could make a similar argument about sterling’s depreciation. I was as surprised and disappointed as most Londoners after we voted to leave Europe last Thursday but I have been shocked by the depth of everyone’s misery since. Here’s what I think: We are in for a prolonged period of increased uncertainty.

How to Raise Prices for Existing Customers


Case study: Netflix’s “lost year” and a shot at redemption. Your current customers will never be excited about paying more. But that’s not why raising prices is so difficult.

Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

After valuation in the video we went through Liquidation Preferences, Board Seats, Protective Provision, Voting Rights, Drag Along Rights, Redemption, Anti-Dilution and a few other key terms.

Model Series Seed Docs

The Startup Lawyer

The Amended and Restated Certificate of Incorporation includes the typical provisions you might find in a VC deal, less (i) preferential dividends, (ii) redemption rights, and (iii) price based anti-dilution. “The Series Seed Documents are a standardized set of documents that can be quickly and easily deployed for a seed investment: to help get a company financed properly, legally, quickly, and intelligently.&#.