Remove 1996 Remove Customer Remove Management Remove Seed Capital
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Startup Stock Options – Why A Good Deal Has Gone Bad

Steve Blank

We slept under the tables, and pulled all-nighters to get to first customer ship, man the booths at trade shows or ship products to make quarterly revenue – all because it was “our” company. In the 20 th century, the best companies IPO’d in 6-8 years from startup (and in the Dot-Com bubble of 1996-1999 that could be as short as 2-3 years.)

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The Silliness Of Recapping Seed Rounds

Feld Thoughts

The feedback is “come back when you’ve made more progress with customers.” The founders usually get wiped out completely, but existing management usually ends up with new options for between 10% and 20% of the company. But in this cycle, I hadn’t seen it in a seed round. The product gets a lot better.