Steve Blank Innovation and Entrepreneurship June 2011

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My friend Ben Horowitz and I debated the tech bubble in The Economist. An abridged version of this post was the “closing” statement to Ben’s rebuttal comments. Part 1 is here and Part 2 here. The full version is below. ————————————————— It’s been fun debating the question, “Are we in a tech bubble?” with my colleague Ben Horowitz. Ben and his partner Marc Andreessen (the founder of Netscape and author of the first commercial web browser on the Internet) are the definition of Smart Money. Their firm, Andreessen/Horowtiz, has been prescient enough to invest in social networks, consumer and mobile applications and the cloud long before others. They understood the ubiquity, pervasiveness and ultimate profitability of these startups and doubled-down on their investments. My closing arguments are below. I’ve followed them with a few observations about the Internet that may help frame the scope of the debate. Are we in the beginnings of a tech bubble – yes. Prices for both private and public

Steve Blank Innovation and Entrepreneurship June 2011 Home About Steve Startup Books Slides/Videos Fund Raising Tools! Secret History Steve Blank Entries RSS | Comments RSS Email Subscription Enter your email address to subscribe to this blog and receive notifications of new posts by email. Email Address Sign me up! Join 55.7K other subscribers Categories 2 Minute Lessons (15) Air Force (21) Ardent (9) Business Model versus Business Plan (64) California Coastal Commission (9) China (9) Commencement Speeches (9) Conservation (4) Convergent Technologies (4) Corporate/Gov't Innovation (

Steve Blank Innovation and Entrepreneurship June 2011

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