Remove Carried Interest Remove Lean Remove Sales Remove Technology
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Why Internal Ventures are Different from External Startups

Steve Blank

In this post, I want to share some new thoughts that build on Steve’s post, and connect them to Lean Startup methods. One memorable example of this was Xerox’s internal venture capital fund, Xerox Technology Ventures (XTV). First, let me recap a key insight for me from Steve’s post. As Steve would say, this is a big idea.

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

Steve Blank

These IPOs meant that technology companies didn’t have to get acquired to raise money or get their founders and investors liquid. 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.