Pascal's View

AUGUST 12, 2009

It boggles the mind that Washington would enact new policies sure to prolong this (IPO) drought and strike at the heart of American innovation.” IPO drought testifies to a systemic liquidity crisis for emerging growth companies that is putting at risk an entire generation of innovative American companies. years in 1998 to 9.6

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

The Equity Kicker

APRIL 22, 2014

The first is that you’re doing something wrong all the time.

Founder 132

Founder IPO Early Stage Startup 132

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY.

Private Equity 68

Private Equity Merger IPO Equity 68

Gust

NOVEMBER 23, 2011

Google, which incorporated in 1998, has a market cap of $200 billion and employs more than 30,000 people. The law would have the effect of allowing companies to stay private longer, deferring the significant expense, management distraction and public disclosure of financial and operating data involved in the IPO process.

IPO 110

IPO Prospectus SEC Intellectual Property 110

Growthink Blog

APRIL 27, 2010

After my column a few months ago regarding Jeff Bezos' now famous (and incredibly profitable) investment into Google in 1998, I was deluged with comments and opinions on this question - was his investment luck or was it foresight? At Google's IPO that represented a stock share position worth over $280 million! Talk about leverage.

IPO 59

IPO Stock California Engineer 59

Gust

OCTOBER 17, 2012

It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. A little less than one-third of IPOs are of venture capital-backed firms. It is based on more than 1,200 exited investments made by angel investors over a 15-year timeframe, collected separately across both North America and England.

Angel Investor 152

Angel Investor Venture Capital Seed Stage Silicon Valley 152

Both Sides of the Table

MAY 23, 2012

In 1998 there were around 850 VC funds and by 2000 there were 2,300. IPO markets had burned an entire cycle of retail stock investors and many institutional investors to boot. In 1998 it was 150 million, 1999 250 million and by 2000 it had crossed 350 million. The Funding Problem. The Exit Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Growthink Blog

DECEMBER 10, 2012

In 1998 when Larry Page’s and Sergey Brin’s Google offices were a Menlo Park, California garage, Bezos invested $250,000 of personal funds into the fledgling startup. At Google’s IPO that represented a stock share position worth over $280 million. The story is well-known but worth re-telling. million shares of Google stock.

Stock 83

Stock IPO California Government 83

Feld Thoughts

FEBRUARY 28, 2023

IPO issues: Possibly the biggest problem for German venture-backed companies is the very low number of IPOs in Germany. The boom years of 1998 (79 IPOs), 1999 (175 IPOs), and 2000 (142 IPOs) are long gone. In 2022, just as in 2009, there was only one IPO; typically, there are between three and 16 per year.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

Startup Lessons Learned

JANUARY 19, 2009

One, which is described in great detail in the Mythical Man-Month (in finding that link, I discovered that today is coincidentally the exact 11th anniversary of my first purchasing that book: Jan 19, 1998), is that as you add people to a team or project, there is an increase in communications overhead that makes everyone slightly less productive.

Lean 140

Lean Hiring San Francisco Continuous Deployment 140

techcrunch.com

OCTOBER 13, 2012

It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. A little less than one-third of IPOs are of venture capital-backed firms. It is based on more than 1,200 exited investments made by angel investors over a 15-year timeframe, collected separately across both North America and England.

Angel Investor 103

Angel Investor Venture Capital Seed Stage Silicon Valley 103

Startup Lessons Learned

JUNE 8, 2009

In May of 1998, India detonated several nuclear weapons at a test site near New Delhi. ► August (2) SXSW Case Study: SlideShare goes freemium ► July (4) Case Study: kaChing, Anatomy of a Pivot Some IPO speculation Founder personalities and the “first-class man&# th.

San Francisco 84

San Francisco Lean Continuous Deployment DC 84

Campus Entrepreneurship

DECEMBER 23, 2010

When I attended between 1998-2001, there were a few course on entrepreneurship (entrepreneurial finance, entrepreneurial strategy, etc.), He’s started four IPO-able companies in eight years. My alma mater, and the #1 ranked business school — according to BusinessWeek — continues to strengthen its entrepreneurship offerings.

Cofounder 61

Cofounder Chicago Founder IPO 61

Seeing Both Sides

APRIL 10, 2011

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 Matrix had a fund in 1998 that yielded an eye-popping 514+% IRR. The Internet bull market continued to run for four more years after the Open Market IPO, finally ending in the spring of 2000.

IPO 48

IPO IRR Brazil Government 48

Sophia Perl of Wisdom

OCTOBER 16, 2011

IPO, aquisition), they typically own 0.5% Conway’s first fund, Angel Investors I, raised and invested in 1998, generated a 7 times return. In 1999, 80% of the portfolio went out of business with him commenting, “Thank G*d we invested in Google” SV Angel investing priority is 1) idea, 2) people, then 3) market size.

Silicon Valley 53

Silicon Valley Angel Investor Portfolio IPO 53

Ben's Blog

MARCH 24, 2011

In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. The inflation-adjusted data from the last bubble tells the story: In the 3-year period from 1998-2000, venture capital firms raised more than $200 billion, which represented about 0.55% of the national GDP.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

BeyondVC

DECEMBER 20, 2004

Before that time, the standard rule of thumb was that it took about 5-6 years for a company to reach maturity, profitability, and potentially become an IPO candidate. We did our own analysis of venture-backed software IPOs a couple of years ago (based on SEC filings, etc.) using pre-bubble data and this is what we found.

IPO 60

IPO SEC Valuation Revenue 60

David Teten

JANUARY 10, 2012

Mr. Lindzon continues to manage a hedge fund he started in 1998. Michael was the lead research analyst for the IPOs of Internet companies like UUNET, Yahoo!, He created Wallstrip, and more than 400 original web video shows, which was purchased by CBS Corp.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Seeing Both Sides

AUGUST 3, 2012

Incorporated in 1998 in Cambridge, Massachusetts, the company’s network of over 100,000 globally distributed servers provides an infrastructure layer that accelerates the distribution and delivery of content, media and applications. The first one I’ll focus on is Akamai. Akamai: The Present.

Distribution 49

Distribution Lean Massachusetts Cofounder 49

Seeing Both Sides

MAY 26, 2009

  It is scary to reflect on how few of the 7,000 professionals active in the industry today were general partners before Netscape’s IPO in 1995. (3) billion, as the company has successfully “grown into its valuation” and become the leading in the content delivery market). .  3)      Life sciences.

Private Equity 20

Private Equity Boston Massachusetts IPO 20

Austin Startup

APRIL 26, 2020

In honor of Netflix’s big beat today in the very unfortunate age of COVID-19, I decided to revisit my four-part Bazaarblog series while I was CEO of Bazaarvoice (from our inception in 2005 to our IPO in 2012). Then in 1998 along came a tiny company in Los Gatos, California named Netflix. The name of the last part? It worked, big time.

Technical Review 62

Technical Review Campaign Video Naming 62

Ben's Blog

MAY 24, 2021

IPO market. There are a number of trends concerning IPOs and capital formation to note: First, the raw number of IPOs has declined significantly: From 1980-2000, the US averaged roughly 300 IPOs per year; from 2001-2016, the average fell to 108 per year. In the first quarter of 2021 alone, SPACs raised $87.9

SEC 36

SEC Accredited Investor IPO Technical Review 36

Feld Thoughts

NOVEMBER 10, 2013

They entered, but didn’t win, the MIT $50K competition in 1998. From nothing to IPO in less than 18 months, a market cap of > $20 billion, followed by a 99% decline in the stock price post-bubble. As a judge for the MIT $50k until 1996, there were always a lot of VCs hanging around.

Denver 129

Denver IPO Cofounder 129

www.paulgraham.com

OCTOBER 23, 2010

Back in 1998 our CFOtried to talk me into it. They didnt talkWall Streets language when they did their IPO, and Wall Streetdidnt buy. Surely 1998 was a little late to arrive at the party. We were a company whose wholem.o. was to win through better technology. This was also one reason we didnt go public.

Startup 105

Startup Cofounder Software Stock 105

Cracking the Code

SEPTEMBER 2, 2008

The Deutsche Bank report has a very interesting chart on the topic presenting the Free Cash Flow margins vs. the revenue growth four years post IPO for select software leaders: As you can see, with 20% Free Cash Flow margin and a 50% growth rate, Salesforce is well positioned in the pack! and their 07/08 growth rate was around 13%.

Software Review 48

Software Review Software Technical Review Cloud 48

www.paulgraham.com

APRIL 28, 2010

When we sold our startup in 1998 I thought one day Id do some angelinvesting. 5% of the company at the pointwhere it IPOs, and you are very happy because your $50,000 hasbecome $5 million. [ Suppose its 1998. March 2009 (This essay is derived from a talk at AngelConf.) Seven years later I still hadnt started.

Angel Investor 63

Angel Investor Dilution Syndicate Syndication 63

Scalable Startup

MAY 16, 2015

A brief entry further down the page from the open source, pseudonymous online journal Zero Hedge (tagline: “On a long enough timeline the survival rate for everyone drops to zero”) points out that of the tech companies that went public in often wildly lucrative IPOs in 2013, 73 percent have never turned a profit, compared to 27 percent in 1999.

San Francisco 20

San Francisco Silicon Valley California Oakland 20