article thumbnail

My First Experience As A Venture Capitalist

Feld Thoughts

When people ask me how they can become a VC, I point them to my partner Seth Levine’s excellent blog posts How to become a venture capitalist and How to get a job in venture capital (revisited). We never invested in anything together, but after I moved to Boulder, I got a call from Charley one day in early 1996.

article thumbnail

Recurring Revenue is Magic

Seeing Both Sides

As a result, the full revenue for each deal was recognized in that quarter as soon as the software was shipped. This allowed our revenue to skyrocket from $1.8 But the downside to our business model was that we did not have hardly any recurring revenue. . I later came to realize that r ecurring revenue is magic.

Revenue 54
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What if it’s 1996, not 1999?

Seeing Both Sides

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 billion market capitalization. million in revenue the year before. . The average venture capital fund raised between 1995 and 1997 returned more than 50% per year. We had recorded $1.8

IPO 48
article thumbnail

Startup Stock Options – Why A Good Deal Has Gone Bad

Steve Blank

As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees. 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.) Lessons Learned.

article thumbnail

My story and support for the Founders Visa

K9 Ventures

In December 1996, while I was still a student in the Master of Software Engineering program at Carnegie Mellon, I got bit hard by the entrepreneurial bug. in December 1996, while on a student visa. This meant that I had to either show enough revenue, or find investors who would be willing to put money into the company.

article thumbnail

The Coming Zombie Startup Apocalypse

This is going to be BIG.

Would you be surprised to know that almost half of the dot com companies founded when the boom started in 1996 were still around in 2004--four years after the peak of the NASDAQ? Because most internet business concepts were not capable of productively employing tens of millions of dollars of venture capital does not mean they were bad ideas."

article thumbnail

Kernel column: The LP update meeting

The Equity Kicker

As a reminder, LPs, or limited partners, are the investors in venture capital funds. One of our slides today showed VC exits over $100 million since 1996, split between the US and Europe. I’m just back from our semi-annual update to the LPs in one of our funds, and I thought I would share the experience with you all.

LP 97