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Age of companies when they achieve $1bn valuations

The Equity Kicker

It seems to me there are two obvious explanations for the dramatic reduction in the time it takes for companies to achive $1bn valuations: The pace of change is increasing allowing new companies to develop and mature faster. That said, I think that froth in the late stage financing market has contributed in the last couple of years.

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The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. At the same time neither banks nor local governments had the cash to finance startups on the scale the country needed. Like the U.S. It went bankrupt in 1997.).

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The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. At the same time neither banks nor local governments had the cash to finance startups on the scale the country needed. Like the U.S. It went bankrupt in 1997.).

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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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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. It’s not about the financing path, it’s about what you’ve decided to build. Support.com — On 2.5m

IPO 240
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Capital Market Climate Change

Ben's Blog

You probably thought that valuations would be roughly the same as they were the last time you raised money. 3/31/1998: 30.8. And those are big companies with real earnings, so you can imagine how a private company’s valuation might fluctuate. In June of 2000, I raised money at an $820M post-money valuation. Things change.

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McKinsey highlight #1 - Cracking The Code - Yes

Cracking the Code

Paris, November 1998. Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. Yahoo Finance. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Saturday, December 09, 2006. First week on the job. My Investments. CornerstoneOnDemand.