Steve Blank

MARCH 17, 2020

Subtract your monthly gross burn rate from your monthly revenue to get your net burn rate. Data from the last large crash in 2008 had seed rounds recovering early, but later stage funding cratered and took years to recover. Next, take a look at your actual revenue each month – not forecast, but real revenue coming in each month.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Steve Blank

MARCH 31, 2014

Metrics like Return on Net Assets, Return on Capital and Internal Rate of Return are the guiding stars of the board and CEO. Since the financial crisis of 2008, policy makers have kept interest rates at near zero, flooding the market with cheap money in an attempt to restart growth.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

crowdSPRING Blog

FEBRUARY 16, 2015

I meant to say, that five years later nothing has changed, the status quo remains, no long-term protections have been put in place, our politicians continue to lock the net-neutrality-grid, huge corporations continue to fight for their own interests and against those of the average, everyday consumer of digital goodness. Wait, what?

.Net 48

.Net Small Business Washington Startup 48

David Teten

SEPTEMBER 16, 2014

million households in the US with a net worth of $1 million or more. Sohl: “The Angel Investor Market in 2008: A Down Year in Investment Dollars But Not in Deals” Unknown. Based on his track record, by 2008 he was able to found ff Venture Capital , an institutional angel investment firm (where I am a Partner).

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

Both Sides of the Table

APRIL 5, 2010

So I was intrigued when I read Thomas Friedmans’s Op Ed in December 2008 about the need to Reboot America. Friedman again in this weekend’s (Apr 3, 2010) NYTimes: “Between 1980 and 2005, virtually all net new jobs created in the U.S. That means the established firms created no new net jobs during that period.

Technical Review 282

Technical Review Canada Green South Carolina 282

YoungUpstarts

AUGUST 19, 2020

When you cast a wide net, you are more likely to get what you are looking for. Frecon also continues his family’s third-generation farming legacy at Frecon Cidery, one of Pennsylvania’s premier cideries he helped to establish in 2008. When it comes to writing your job descriptions, think outside of the box. Invite referrals.

Cofounder 279

Cofounder .Net Advertising Video 279

Both Sides of the Table

JUNE 27, 2021

They sold 2 years later for $16 million In the financial crisis of 2008 we had a company that had jointly hired lawyers to consider a bankruptcy and also pursued (and achieved!) You need shots on goal as not every one will go in the back of the net. the sale of the company for $1 billion. It was ~30 days from bankruptcy.

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

Duct Tape Marketing

JUNE 7, 2023

And we did that all the way back in 2008 and we said it, everyone went, you know, absolutely no way not gonna happen. (03:03): Now, you know, in 2023, people are going, well, you know, that's nothing new like Tiffani, like we've been doing this a while, but remember this was 2008. 03:51): Do we create a new role?

Employee 75

Employee Technical Review Advisory Board Sales 75

Reid Hoffman

JULY 30, 2020

Data from the Bureau of Labor Statistics shows that during economic downturns like the Dot Com crash and the financial crisis of 2008, more than 100% of net job growth comes from companies that are less than five years old. The series D insured that Linkedin had the capabilities to play both offense and defense in the 2008 crisis.

Hiring 36

Hiring Warrant Software Review Technical Review 36

Board Effect

FEBRUARY 2, 2022

Millennials, who grew up during the 2008 economic crisis, come from diverse backgrounds, are highly educated, and have taken on large amounts of student loan debt. Valve has more than 300 employees, and its net worth is between $2 billion and $4 billion. That is why transparency is at the core of leading with purpose.

Salary 93

Salary Technical Review Social Media Employee 93

Both Sides of the Table

JULY 16, 2010

So as of 2008 total LP commitments were still at nearly $250 billion. Our current fund was raised in 2008/09.] But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Business Plan Blog

DECEMBER 12, 2013

It is a high net-worth individual who invests his or her own money directly into promising startup businesses in return for mostly equity share of the company. angel investors invested $19 billion in 55,000 deals in 2008, with most of the investments being made in start-up or very early-stage companies. What is an angel investor?

Angel Groups 51

Angel Groups Angel Investor Software Review Accredited Investor 51

Both Sides of the Table

MARCH 1, 2016

In fact, if you add the capital flows of the past ten years, there have been just shy of $50 billion in net cash outlays. ” I suspect that over the next 18 months, they’ll see another phenomenon that they likely haven’t seen since 2008-09: mark-downs of the VCs’ portfolios.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Agile VC

APRIL 17, 2011

Revenue growth: 51% YoY (2010), 1% YoY (2009), 131% YoY (2008). 2010 Net Income: $8 million. Historically more revenue came from distribution/lead-gen (57% in 2007), but this tipped in 2008 though appears to be steady from 2009 to 2010 at about 58% advertising and 42% distribution. 2010 Operating Income: $16 million.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Cracking the Code

JANUARY 22, 2009

While it may make sense to offer very slight adjustments for favorable payment terms and one time revenue, net additions to MRR should dominate the sales rep’s thoughts. 1st 2008 with a base value of 100.00 ► 2008. (11). The Bessemer 10 laws of SaaS - Fall 2008 Release. by Joel York at Chaotic Flow.

Software Review 91

Software Review Clawback Sales Salary 91

Startup Lessons Learned

NOVEMBER 4, 2008

Lessons Learned by Eric Ries Tuesday, November 4, 2008 Principles of Lean Startups, presentation for Maples Investments Image via Wikipedia Steve Blank and I had the opportunity to create a presentation about lean startups for Maples Investments. How dare you! =) November 4, 2008 10:58 PM IMVU said. Excellent ideas!

Lean 102

Lean San Francisco Agile Continuous Deployment 102

Business Plan Blog

DECEMBER 12, 2013

It is a high net-worth individual who invests his or her own money directly into promising startup businesses in return for mostly equity share of the company. angel investors invested $19 billion in 55,000 deals in 2008, with most of the investments being made in start-up or very early-stage companies. What is an angel investor?

Angel Groups 40

Angel Groups Angel Investor Software Review Accredited Investor 40

Feld Thoughts

JUNE 19, 2017

While I’m sure the financial crisis of 2008 was worse for many people, for me it paled in comparison to the misery of this 21-month stretch. If you’re shaking your head and thinking, “duh” I promise you that even some of the most sophisticated people I know get off track on this issue of “gross revenue” versus “net revenue.”.

Internet 162

Internet Revenue .Net Operations 162

YoungUpstarts

JULY 13, 2017

The famous actress was already a well-paid actress before she launched her company, Honest, in 2008. He’s fast becoming one of the richest athletes in the world with an expected net worth of $400 million. He is also the star of the famous Tony Hawk skateboarding games, which ultimately saw him as the highest paid athlete in 2009.

.Net 100

.Net Entrepreneur Product Developer 100

BeyondVC

JANUARY 3, 2019

For the more advanced enterprises who have migrated to the cloud, this will be a year of net new technology and building applications. Look at 2001 and 2008’s Lehman collapse and Sequoia RIP Good Times deck for lessons learned.

Stealth 79

Stealth Advisory Board Cloud Virginia 79

Startup Lessons Learned

NOVEMBER 8, 2008

Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customer development? November 9, 2008 5:40 PM Chris said. etl.stanford.edu November 10, 2008 2:20 AM Saku said. November 10, 2008 10:45 PM Will said. December 3, 2008 6:42 PM Anonymoussaid. When we build products, we use a methodology.

Customer Development 168

Customer Development Developer San Francisco Customer 168

YoungUpstarts

FEBRUARY 11, 2014

Individuals of means—many of whom have spent years building their net worth and whose wealth is tied up in stocks, real estate and various expensive possessions—need cash quickly in order to take part. With personal asset lending, strong net worth individuals now have an avenue beyond banks, one that is fast, convenient and responsible.

Balance Sheet 178

Balance Sheet .Net Cofounder Stock 178

YoungUpstarts

SEPTEMBER 27, 2019

As we learned in 2008, recessions can come on swiftly and cause major crises for all businesses, big and small. Another thing you can look at, is any pattern your business experienced before previous recessions, particularly in 2008. Smaller vendors have less negotiating power and can be more easily pushed out to Net 60 or Net 90.

United States 124

United States .Net Small Business Finance 124

Altgate

DECEMBER 16, 2010

The chart below shows the price per share to each series of shares at different net exit valuations. But this last chart gives some insight into how unfavorable to founders (Common actually) these preferences can be. One point to takeaway from [.]

Liquidation Preference 39

Liquidation Preference Pre-Money Valuation Term Sheet Valuation 39

Entrepreneurs-Journey.com by Yaro Starak

MARCH 24, 2011

Learning the truth (and debunking the myths) of passive income has been a personal quest of mine since I started blogging in 2008. I’m netting $0.01 But is passive income really that passive, or is effortless earning a myth hyped up by really good spin doctors? What gives?

Affiliate 98

Affiliate Dividend Revenue Channel 98

Startup Professionals Musings

APRIL 21, 2010

The 55-64 age bracket exhibited the highest rate of entrepreneurial activity every year from 1996 to 2008, while the 20-34 bracket actually had the lowest rate. In recent decades, most net job creation can be attributed to firms that have been around for five years or less. This last point is illustrated by the chart below.

Silicon Valley 233

Silicon Valley Investment Bankers Affiliate Vertical 233

Both Sides of the Table

MAY 4, 2010

If this figure is accurate – it’s certainly a very large business even when you look at net revenues. Online advertising platform for local businesses; ReachLocal reported over $203 million in revenue for 2009, compared to around $146 million in 2008. Its net income for the 2009 period is $11.66 million loss in 2008.

IPO 236

IPO .Net Venture Capital Strategic Investors 236

Hearpreneur

AUGUST 11, 2017

tells the story of Airbnb from their launch in August 2008 to today. The 3 founders have a combined net worth of $11.4 This infographic from HalfPrice.com.au Here are a few interesting statistics: There are 150 million Airbnb users globally including 3 million hosts. To date, Airbnb has catered for over 160 million guest arrivals.

.Net 48

.Net Hosting Global Founder 48

YoungUpstarts

SEPTEMBER 11, 2019

Build a focus on measurements like the Customer Satisfaction Score or Net Promoter Score into your business at the start, and you’ll see that reflected in the culture you create. With today’s technologies, you have a truckload of data available at your fingertips. Be sure to take advantage of it! Reward the right behavior.

Customer 164

Customer San Francisco Small Business Programming 164

The Equity Kicker

DECEMBER 3, 2014

Digging into this a bit more (largely by reading the FT article containing the graph above) it transpires that despite all the furore from anti-immigration parties migration has fallen since the 2008 crash by to an average of 3.6m per year – a drop of around 1m. Most migrants are in search of better economic opportunity.

Greece 114

Greece Spain Europe .Net 114

Eric Friedman

NOVEMBER 2, 2021

Everything happens in the tails – 2000 to 2008 was nothing compared to 2008-2000. Anything you can do to increase your time horizon can be a net benefit. Reminder that first Disney studio went bankrupt. I didn’t know about this one and is such a reminder of how hard things are. Respect luck and risk.

Dividend 103

Dividend Finance Stock Salary 103

YoungUpstarts

APRIL 7, 2013

Network Redux, a managed-service provider in Portland, Oregon, serves more than 1,100 clients globally, but could not secure credit after the 2008 credit crisis despite a 100 percent year-over-year growth rate. Such programs help early-stage companies get the capital they need to fuel growth, especially when banks aren’t lending.

Advisory Board 249

Advisory Board Entrepreneur Portland Oregon 249

Startup Lessons Learned

NOVEMBER 6, 2008

Lessons Learned by Eric Ries Thursday, November 6, 2008 Steveys Blog Rants: Good Agile, Bad Agile I thought Id share an interesting post from someone with a decidedly anti-agile point of view. Steveys Blog Rants: Good Agile, Bad Agile : "Google is an exceptionally disciplined company, from a software-engineering perspective.

Agile 76

Agile San Francisco Software Review Continuous Deployment 76

Startup Lessons Learned

NOVEMBER 17, 2008

Lessons Learned by Eric Ries Monday, November 17, 2008 The four kinds of work, and how to get them done: part one Ive written before about some of the advantages startups have when they are very small, like the benefits of having a pathetically small number of customers. We try to take advantage of that phenomenon twice if possible.

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

SoCal CTO

MARCH 22, 2007

I have to say that it has netted far more than I would have thought. I think the reason that LinkedIn is working is that there are so many other people in our micromarket (or microfield) in our networks that we end up really just being a couple hops away from someone whos perfectly qualified.

Technical Cofounder 150

Technical Cofounder Southern California Los Angeles CTO Hire 150

YoungUpstarts

APRIL 26, 2013

I call this your ‘Net Life Position’ or NLP which can be the basis of all decision making. Andrew was featured as the Top Entrepreneur under 30 in Australia in 2008 and continues to grow a extensive network of online media assets.

Cleveland 159

Cleveland Jordan Asia Australia 159

Up and Running

SEPTEMBER 23, 2013

Previously, businesses seeking to raise capital were required to either pitch their plans exclusively to so-called accredited investors—individuals with at least $1 million in net worth (excluding their primary residence) or $200,000 in annual income—or offer a regulated security (such as stocks or corporate bonds).

Securities and Exchange Commission 77

Securities and Exchange Commission Accredited Investor United States .Net 77