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Debating the Tech Bubble with Steve Blank: Part I

Ben's Blog

If they have, then we should be able to see some evidence that the dominant public technology companies are moving towards bubble valuations. Apple’s valuation is now a case for business historians to discuss because I don’t think there are modern precedents. Ex-cash it’s 13.5. Thirdly, the market is far bigger.

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New Rules for the New Internet Bubble

Steve Blank

The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. Underwriters realized that as long as the public was happy snapping up shares, they could make huge profits from the inflated valuations. Carpe Diem.

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McKinsey highlight #1 - Cracking The Code - Yes

Cracking the Code

McKinsey highlight #1: the art of cost cutting or how to save 70m with a measuring spoon. Paris, November 1998. TOP or Total Operational Performance, is a cost cutting approach, where your objective is to cut 40% of all the "not-strictly-necessary costs" by doing things differently. Wish all such solutions cost $4.!

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Another personal story: Timing is everything in a sale.

Berkonomics

The year was 1998. I immediately agreed to come aboard at no cost to clean up the corporation, deferring my investment until that was done. Within three months, we easily obtained $3 million of investment at a pre-money valuation of $30 million. million at a valuation of $80 million. The background for my story.

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The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. Except I disagree with that definition of “success.” Support.com — On 2.5m

IPO 240
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It’s Morning in Venture Capital

Both Sides of the Table

Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. They need a combination of capital and experience to separate from the rest of the pack – the low cost of starting a business means it is even more vital to become the market leader more quickly. The Funding Problem.

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Bubble Trouble? I Don’t Think So

Ben's Blog

As we do so, keep in mind that the relevant bubble statistic is not valuation. High valuations are fine if the underlying value is there. In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. If too much venture capital hits the streets, valuations will bubble up.