article thumbnail

Book: Flash Boys: A Wall Street Revolt

Feld Thoughts

In 1998, when I started ending up with lots of shares in public Internet companies, I came up with a formulaic approach for any public equities that are distributed to me (either from our funds or other VC funds). .” The first week of 2016 in the public markets has been an entertaining reminder of this.

Flash 70
article thumbnail

Software startups: Beware ‘magic’ bullets

The Equity Kicker

The term ‘pre-chasm’ is a nod to Geoffrey Moore’s 1998 classic Crossing the Chasm and refers to companies that may have sold to early adopters, but haven’t yet found a way to sell to the mainstream. They’re good at distributing things where there’s already an educated customer base.

Software 106
Insiders

Sign Up for our Newsletter

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

article thumbnail

Angel Investors Do Make Money, Data Shows 2.5x Returns Overall

Gust

as well as a more detailed description of the distribution of outcomes: Kauffman Foundation Angel Returns Study and NESTA Angel Investing Study. It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. The distribution of returns from the different U.S. and the U.K.,

article thumbnail

Great product and good momentum are keys to unlocking investment

The Equity Kicker

Andrew Chen responded to that with a thoughtful post about how the ‘funding goalposts continue to move’ Here’s the money quote: It’s been widely noted that investing milestones have evolved quickly over time: In 1998, you’d raise $5M Series A with an idea and not much else.

article thumbnail

Returns for brand-name VC funds

finance.fortune.cnn.com

Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. FORTUNE -- Its no secret that venture capitalists were hit hard by last decades dotcom bust, considering that median returns for 1998-2001 vintage funds are all underwater. Providence Equity Partners IV (2000): 198% (186%).

Naming 49
article thumbnail

Angel Investors Do Make Money, Data Shows 2.5x Returns Overall

techcrunch.com

as well as a more detailed description of the distribution of outcomes: Kauffman Foundation Angel Returns Study and NESTA Angel Investing Study. It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. The distribution of returns from the different U.S. and the U.K.,

article thumbnail

Philosopher Versus MBA

Reid Hoffman

As opposed to taking a potentially smart risk on equity). I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution. They’re not doing, building, or taking risks like an entrepreneur. Like many first time founders, I ran over that landmine.