article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

In 1998, a few years after launching, the company got a $200,000 SBA-guaranteed loan. Seeing a 200-percent revenue growth in just the first year after securing that loan, TRISTAR took out an additional $500,000 SBA-backed loan to expand its physical presence into two more locations. iRobot — From robots to riches.

Columbus 134
article thumbnail

What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Our current fund was raised in 2008/09.] Team must be purely technical.

LP 311
Insiders

Sign Up for our Newsletter

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

article thumbnail

Debating the Tech Bubble with Steve Blank: Part I

Ben's Blog

If we are in a bubble, that is a bit of an odd commentary for a company that grew revenues 83% year-over-year and grew earnings 93% year-over-year. In 2001, Stewart Butterfield abandoned plans to build a massively multiplayer online game (MMOG) after costs became too great; he built photo-sharing service Flickr instead.

article thumbnail

My story and support for the Founders Visa

K9 Ventures

Towards the end of my OPT (mid 1998) is when the H1-B visa cap issue hit. This meant that I had to either show enough revenue, or find investors who would be willing to put money into the company. In October 1998, I was excited beyond belief when I received an approval notice for an H1-B visa through my own company!

article thumbnail

New Rules for the New Internet Bubble

Steve Blank

VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit. 2001 – 2010: Back to Basics: The Lean Startup. The New Exits.

Internet 334
article thumbnail

Groupon Co-Founders to Teach at U of Chicago’s Booth School

Campus Entrepreneurship

When I attended between 1998-2001, there were a few course on entrepreneurship (entrepreneurial finance, entrepreneurial strategy, etc.), My alma mater, and the #1 ranked business school — according to BusinessWeek — continues to strengthen its entrepreneurship offerings. If enough people sign up for it, the offer is good.

article thumbnail

Scaling is Hard, Case Study: Akamai

Seeing Both Sides

Incorporated in 1998 in Cambridge, Massachusetts, the company’s network of over 100,000 globally distributed servers provides an infrastructure layer that accelerates the distribution and delivery of content, media and applications. billion in revenue, over $1 billion in gross profit and $500 million in EBITDA. Gross Profit. $(60).