I've never heard of the Santa Clara Valley Historical Association before, but they've recorded some very interesting interviews. I recommend looking through their uploaded videos. There are a lot of gems in there.
I've heard some crazy stories about financial difficulties before, but Atari takes the cake: http://www.youtube.com/watch?v=BY8GpCCBWWc . Sheriffs standing in the lobby to garnish income. Everyone rushing to the bank to make sure their paychecks didn't bounce. It's totally crazy and I'm amazed they had the determination and luck to survive that time.
I enjoyed Blank's very thorough description of the military / government agency technology that originated in the Valley and this clip helps to tie it very nicely to recent times.
I was amazed at some of the deals these founders took. Starting up owning 5% of the company on day one. Or taking in $7M on a $9M valuation. Are these kinds of deals still happening?
No. That's what's so interesting about it for me. The shift in power from investors to founders isn't just something that's been happening during the last 10 years. It's been happening throughout the history of VC.
Just spent a little while watching through 5 of those videos. Incredible stuff... good clips to play in the morning just in case you need that right kick in the pants.
I think Oracle had a CIA contract from nearly day one. So CIA was pretty much an investor. If In-Q-Tel had existed then they probably would have funded Oracle from that.
Incredible how these world renowned companies we know today started out with so little and were denied by most of the venture capital firms at the time. Definitely inspirational and an example to look up to when bootstrapping. I'm keeping this bookmarked.
This is great! About 8 minutes in listen to Bob Graham talk about the negotiation with a firm that wanted all of the company for 7mm. His response was classic.
I've heard some crazy stories about financial difficulties before, but Atari takes the cake: http://www.youtube.com/watch?v=BY8GpCCBWWc . Sheriffs standing in the lobby to garnish income. Everyone rushing to the bank to make sure their paychecks didn't bounce. It's totally crazy and I'm amazed they had the determination and luck to survive that time.