Steve Blank on Startup Stock Options โ€“ Why A Good Deal Has Gone Bad

An interesting read for those considering investing in IPOs of companies which have been growing as a private company for around 10 years.

The premise of Growth capital is that if that by staying private longer, all the growth upside that went to the public markets (Wall Street) could instead be made by the private investors (the VCโ€™s and Growth Investors.)