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Beyond the Lemonade Stand: How to Teach High School Students Lean Startups

Steve Blank

We realized that past K-12 Entrepreneurial classes taught students “the lemonade stand” version of how to start a company: 1) come up with an idea, 2) execute the idea, 3) do the accounting (revenue, costs, etc.). Sharks, in turn, argued with one another and even attempted to form syndication in one instance.

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010. Note that these are “gross” revenue numbers.

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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Kayak was started here in my backyard of Boston… co-founder & CTO Paul English and the product/engineering team is based here in Concord MA. Co-founder & CEO Steve Hafner and the business team are based in Norwalk, CT. Financial Snapshot: 2010 Revenue: $170 million. 2010 Net Income: $8 million.

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Groupon's S-1: From Zero to Like? Billions in 30 Months ? AGILEVC

Agile VC

Even for those who don’t care to dive into the numbers, it’s worth a quick glance because co-founder/CEO Andrew Mason wrote a letter which forms the preamble of the full document. How They Make Money: Groupon keeps a share of the coupon value (typically 40-50%) as its net revenue (1). 2010 Gross Profit: $280M.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). Yes… he was a very successful PayPal exec and previously co-founder & VP Product of SocialNet. But keep in mind at this point Reid’s a first-time CEO.

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Objective Logistics & Keeping Things in Perspective ? AGILEVC

Agile VC

Objective Logistics has created a game layer on top of very sophisticated scheduling algorithms which increase revenue, save time, and improve customer and staff satisfaction. I co-founded NextView Ventures , a seed-stage VC firm based in Boston, in 2010. Im a former Silicon Valley entrepreneur turned East Coast VC. Read More ».

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My new fascination with Podcasts

VC Cafe

According to the Interactive Advertising Bureau, podcast industry ad revenue will reach $220 million in 2017, up 85 percent from 2016’s $119 million ( source ). My own fascination with podcasts began with a warm recommendation from Pablo (founder of Antidote ). One of them is Alex Blumberg, founder of Gimlet Media.

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