Ben's Blog

MAY 24, 2021

Second, by better matching supply and demand, direct listings have generally mitigated the magnitude of IPO Pops, thus engendering better overall price discovery. Thus, while the results are still early, we do seem to see better price discovery and reduced after-market volatility from the direct listing process. 1990-1998 13.3%

SEC 36

SEC Accredited Investor IPO Technical Review 36

Startup Lessons Learned

FEBRUARY 7, 2013

A few of the detailed case studies include: Tech legend Bill Gross building an MVP in 1999 to test demand for online car sales, which grew into CarsDirect.com. AppFog creating "high-hurdle" experiments to surface authentic early adopters with real pain. There's even a classic Wizard of Oz minimum viable product that dates back to 1998!

Lean 167

Lean Entrepreneur Agile San Francisco 167

David Teten

NOVEMBER 15, 2013

Simon Lack reports in The Hedge Fund Mirage that from 1998 to 2010, hedge fund managers earned $379 billion in fees, while their investors earned only $70 billion in investing gains. This may make sense from the individual perspective of a given VC, but collectively it ensures that early-stage companies are overvalued.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114