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In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. A corporation, by contrast, is a permanent organization designed to execute a repeatable, scalable business model. This suggests a further modification to Lean Startup: Get Upstairs in the Building.
But the biggest innovation was the “carriedinterest” (called the “carry”.) Aligning their interests with their limited investors and the entrepreneurs they were investing in. Theme: Digg 3 Column by WP Designer. In a typical venture fund, the partners receive a 2% management fee. More on this in the next post.
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