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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. You can watch this week’s TWiVC episode by clicking on the link and my summary notes are below. {if 6mm in Series B - Benchmark Capital ( Bob Kagle ); with participation from insiders New Atlantic Ventures and angels Ron Conway and Ed Scott.

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Steven Blank Kills It at Greycroft CEO Summit

Both Sides of the Table

Greycroft is Alan’s venture capital firm that recently raised its second fund ($130 million) with offices in both New York and LA. We’re here for Greycroft’s CEO Summit – a gathering of the CEO’s of their portfolio companies with guest speakers covering topics including how to build your team, PR, customer development, etc.

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Why “The Culture of Failure” is Imperative to Startup Communities

Both Sides of the Table

But as usual there is a short summary to know the key topics where you can just skip to the critical point in the video you want to watch. 4:30 How did you come up with the idea of customer development? 37:45 Let’s talk about the dichotomy between customer development and Y Combinator?

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

Summary notes, as always, provide below. He wanted to build direct customer relationships to get product feedback but only 2% of customers would ever return their registration cards. So when he saw the browser it instantly dawned on him that this would be the greatest customer development tool ever.