The Equity Kicker

JANUARY 30, 2018

Guideposts For Tech Founders Going To Market When No Market Exists which is full of great tips for what they call ‘pre-chasm’ enterprise startups. Here’s how they put it: Surely people paying you money for expertise is a strong signal you’re heading towards product-market fit?

Software 106

Software Startup Channel Early Stage 106

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

.” 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. OneBox.com — On $60m invested, sold for $850m 18 months after launch to J2 just before market crash — score!

IPO 240

IPO Flash Bootstrapping Private Equity 240

The Equity Kicker

NOVEMBER 27, 2013

I just read the following story about how their low price ethos played out when they entered the DVD market in 1998. We had planned to match their 30% discount, and now we were being out-priced by the market leader on our first day of operation, and just before the heart of the holiday sales season to boot (it was November, 1998).

Matching 116

Matching Revenue Web Video 116

Steve Blank

APRIL 12, 2013

But it wasn’t until 1998 that corporate-backed VC firms could be established, and that started a wave of VC funds backed by government, corporate and foreign capital. Fast forward a decade, today the Private Equity and Venture Capital business is booming in China with over 1000 firms actively investing. Investing in China Today.

Venture Capital 163

Venture Capital China Offshore SBIR 163

Pascal's View

AUGUST 12, 2009

years in 1998 to 9.6 Washington needs to recognize, first and foremost, that entrepreneurs, venture capitalists, institutional investors, market markers, and underwriters all seek to be rewarded for committing risk capital (which includes sweat equity) to making these highly risky ventures successful. years as of year-end 2008.

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

The Equity Kicker

APRIL 22, 2014

For a long time now I’ve thought that the biggest challenge founders face in adapting is the need to ditch the stubborn-ness that served them so well in the early stages.

Founder 132

Founder IPO Early Stage Startup 132

The Equity Kicker

DECEMBER 5, 2012

Microsoft’s market share of operating systems is 35%, down from 96% in 1998-2005. Mobile apps are used nearly five times as much as mobile websites. 26-35% of people using their tablets as a second screen are engaging in activity related to what they’re watching – that’s much higher than I’ve seen reported in other surveys.

Mobile 125

Mobile Internet Social Media Portfolio 125

The Equity Kicker

APRIL 8, 2015

The fact that the trend has been going for some time – Google was founded in 1998 and Tesla and Facebook in 2003 and 2004 respectively – suggests that the bubble explanation can’t be the whole story. That said, I think that froth in the late stage financing market has contributed in the last couple of years.

Valuation 60

Valuation Finance Developer Startup 60

The Equity Kicker

NOVEMBER 6, 2013

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. Then you’d raise a Series B to scale the marketing.

San Francisco 105

San Francisco Product Open Source Distribution 105

The Equity Kicker

APRIL 15, 2016

Reading the tea leaves to predict where the venture capital market is heading seems to be everyone’s favourite hobby at the moment, and I’m no exception. Moreover, we are still at a high level of investment when compared with any period except the last couple of years and the 1998-2000 bubble.

Europe 60

Europe Venture Capital Finance Startup 60

rob.by

MARCH 8, 2012

” I believe that by this he means they want cash rather than equity. My hunch is that most good software engineers only work for cash because they don’t feel that working for equity is worth the risk of failure. I absolutely want cofounders when the time comes. But conceptually it does ring of some truth.

Technical Cofounder 42

Technical Cofounder Cofounder Software Engineering Fractional CTO 42

Hunter Walker

APRIL 10, 2014

I did my first angel investment in 1998, so 16 years and 60+ investments. Dentists from the Midwest, tech CEOs, Facebook engineers, VC’s and private equity partners. In both cases I’ve stated that I want to bid against them to give the entrepreneur a fair market price. Q: Although your $3.3m penchina#syndicate.

Syndicate 121

Syndicate Syndication Hiring Cofounder 121

finance.fortune.cnn.com

AUGUST 21, 2012

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

Naming Term Sheet Private Equity Equity 49

Gust

OCTOBER 17, 2012

Their firsthand knowledge of creating new businesses and new markets seemed quite relevant to successfully investing in other entrepreneurs working to do the same. Deductions like this are problematic because early-stage venture investing does not happen in an efficient market. Only they’re not.

Angel Investor 152

Angel Investor Venture Capital Seed Stage Silicon Valley 152

ReadWriteStart

NOVEMBER 12, 2012

“That’s followed by social-media marketing and press, which really is another way of saying, ‘We need lots of customers.’ Epinions, which we started in 1998, had five cofounders instead of two, primarily because it was really hard to recruit early-stage employees without giving them cofounder equity.”

Cofounder 60

Cofounder Startup Social Media Early Stage 60

Up and Running

JULY 29, 2015

Equity Crowdfunding. Equity crowdfunding takes the crowdfunding process to the next level. These sites function a lot like the sites listed above, but investors get equity in your startup. See Also Are You Ready for Equity Based Crowdfunding? This grant was launched in 1998 by Womennet to help entrepreneurs succeed.

Angel Investor 60

Angel Investor Equity Small Business Delaware 60

Hearpreneur

JUNE 14, 2017

It was 1998 and the internet wasn’t exactly readily available. It sounds simple now, but in 1998 it was unheard of. The market is over bloated with solutions of all sorts claiming that they’ll improve your business routine, but very few of them succeed at that. Did the Canucks win their last hockey game? What was happening?

Entrepreneur 128

Entrepreneur South Africa PR Thailand 128

David Teten

JANUARY 10, 2012

The first panel will focus on public markets and will discuss the use and effectiveness of social media tools and data mining technologies in harnessing the wisdom of crowds to generate investment ideas. Mr. Lindzon continues to manage a hedge fund he started in 1998. He was an Institutional Investor ranked analyst for several years.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Gust

NOVEMBER 23, 2011

Talented entrepreneurs are nothing if not resilient in the face of change: Market forces, competitive threats, technological shifts, you name it. Google, which incorporated in 1998, has a market cap of $200 billion and employs more than 30,000 people. Facebook, which did not exist in 2003, is now valued at nearly $100 billion.

IPO 110

IPO Prospectus SEC Intellectual Property 110

techcrunch.com

OCTOBER 13, 2012

Their firsthand knowledge of creating new businesses and new markets seemed quite relevant to successfully investing in other entrepreneurs working to do the same. Deductions like this are problematic because early-stage venture investing does not happen in an efficient market. Only they’re not.

Angel Investor 103

Angel Investor Venture Capital Seed Stage Silicon Valley 103

Ben's Blog

OCTOBER 29, 2020

Demand matters: IPOs are a bull market product Gauging demand for an IPO can be difficult, in part because so many IPO order books are over-subscribed. The combination of these two factors would create stronger after-market performance, as the marginal buyers increase their ownership (and the momentum investors chase the price performance).

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

Reid Hoffman

JULY 27, 2021

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. Even if a VC isn’t a great public market trader, they need to have a sense of whether or not a business can achieve a large, rapid exit.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

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. Even if a VC isn’t a great public market trader, they need to have a sense of whether or not a business can achieve a large, rapid exit.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

David Teten

MARCH 24, 2014

So the retail market is notoriously irrational. They go to market stressing that their model is highly proprietary. UltraQuant’s real strategy is to create a pure, blind index of the market. The firm hires a lot of PhDs to do research and come out with a wonder drug, and then markets it widely with tons of PR.

Software Review 114

Software Review Due Diligence Venture Capital Portfolio 114

BeyondVC

MARCH 24, 2006

It used proprietary computer driven models (think sexy algorithms) to find miniscule misprincings in markets and would use leverage and derivatives to exploit those mispricings. At one point in time, $5b of equity was levered up to a $130b of total assets or bets outstanding. And the hedge fund performed spectacularly.

NDA 60

NDA Algorithm Equity Hiring 60

Seeing Both Sides

MAY 26, 2009

billion, as the company has successfully “grown into its valuation” and become the leading in the content delivery market).   At $20-30 billion per year, the venture capital industry as a whole remains a “drop in the bucket” in terms of capital deployed relative to the over trillion dollars sitting in private equity firms. 

Private Equity 20

Private Equity Boston Massachusetts IPO 20

Growthink Blog

DECEMBER 20, 2016

Crowdfunder is the equity crowdfunding leader for sourcing and funding high-growth ventures with a network of over 130,000 entrepreneurs and investors. Mr. Matt Stewart , Senior Marketing Manager, LendingTree (NASDAQ: TREE ). Since being founded in 1998 LendingTree has facilitated more than 32 million loan requests.

Disintermediation 48

Disintermediation Cofounder Venture Capital Angel Investor 48

David Teten

NOVEMBER 15, 2013

The average equity fund investor earned a market return of only 4.25%. One are investors in truly new asset classes, e.g., frontier markets like the Pakistani stock market, which really do provide new opportunities for investors to put capital to work. I can only think of a few exceptions to this zero-sum principle.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Ben's Blog

MAY 24, 2021

House of Representatives’ Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets (Committee on Financial Services) hearing on “Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections” May 2021. IPO market. In the first quarter of 2021 alone, SPACs raised $87.9

SEC 36

SEC Accredited Investor IPO Technical Review 36

www.paulgraham.com

APRIL 28, 2010

When we sold our startup in 1998 I thought one day Id do some angelinvesting. There is an ongoing debate between investors whichis more important, the people, or the idea—or more precisely,the market. Whereas Marc Andreessen says hed back ok founders in ahot market over great founders in a bad one. [ Suppose its 1998.

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63

Up and Running

DECEMBER 9, 2014

It started in college when I started my own music marketing and production company. Bates: Josh, it reminds me of when I was doing web sites back in the day in 2000 and 1998 and instead of going and being able to buy a shopping cart you had to code the shopping cart from scratch. Jared Hecht: Wonderful. Bates: You know Josh—.

Small Business 95

Small Business Finance Forecast Metrics 95

The Next Web

OCTOBER 24, 2013

George Arison is the founder of Shift , a platform to bring convenience and trust to the used car market. When Taxi Magic attempted to demonstrate that they tried to recruit an American to fill the role, they were rejected because I owned too much equity in the company. But wait, there’s more! There’s : The base-filing fee ($325).

Government 134

Government United States America Green 134