Remove Carried Interest Remove Customer Development Remove Distribution
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Why Internal Ventures are Different from External Startups

Steve Blank

The good news is that corporations have access to resources and capabilities that most startups can only dream of , whether it is free cash flow, a strong brand, a vibrant supply chain, strong distribution, a skilled sales force, and so on. Filed under: Big Companies versus Startups: Durant versus Sloan , Customer Development.

Startup 331
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The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) But the biggest innovation was the “carried interest” (called the “carry”.) Aligning their interests with their limited investors and the entrepreneurs they were investing in.