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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. Worse, Robert Adams and his two partners got 20% of the carriedinterest in the fund, resulting in payouts of $30 million to the partnership. First, let me recap a key insight for me from Steve’s post.
McMicking and Terman introduced Ampex to the National Security Agency, and Ampex sales boomed when their audio and video recorders became the standard for Electronic Intelligence and telemetry signal collection recorders. But the biggest innovation was the “carriedinterest” (called the “carry”.)
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