Steve Blank

NOVEMBER 2, 2009

In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) I see a lot of early-stage entrepreneurs waste too much time chasing money rather than figuring this out first.

Lean 263

Lean Silicon Valley Startup RSS 263

Startup Professionals Musings

MARCH 22, 2020

Everyone wants to keep up and even have a say in your activities, and that can be a lot of conversations to manage. New money from professional investors sees no value in old money, so the equity of early investors is “crammed down” and often lost in the scale-up surge.

Management 308

Management Cram Down Angel Investor Equity 308

Startup Professionals Musings

OCTOBER 10, 2014

Everyone wants to keep up and even have a say in your activities, and that can be a lot of conversations to manage. New money from professional investors sees lesser value in old money, so the equity of early investors is “crammed down” and often lost in the scale-up surge.

Founder 254

Founder Cram Down Angel Investor Equity 254

Startup Professionals Musings

APRIL 17, 2013

Everyone wants to keep up and even have a say in your activities, and that can be a lot of conversations to manage. New money from professional investors sees lesser value in old money, so the equity of early investors is “crammed down” and often lost in the scale-up surge.

Cram Down 230

Cram Down Angel Investor Equity Dividend 230

Startup Professionals Musings

MARCH 9, 2018

Everyone wants to keep up and even have a say in your activities, and that can be a lot of conversations to manage. New money from professional investors sees no value in old money, so the equity of early investors is “crammed down” and often lost in the scale-up surge.

Cram Down 148

Cram Down Angel Investor Equity Dividend 148

Startup Professionals Musings

NOVEMBER 11, 2015

Everyone wants to keep up and even have a say in your activities, and that can be a lot of conversations to manage. New money from professional investors sees lesser value in old money, so the equity of early investors is “crammed down” and often lost in the scale-up surge.

Cram Down 120

Cram Down Angel Investor Equity Dividend 120