Ben's Blog

MARCH 24, 2011

As we do so, keep in mind that the relevant bubble statistic is not valuation. High valuations are fine if the underlying value is there. Let’s look at public market comparables and venture capital flows to see if we can find a match. Venture capital flows. It’s the valuation:value ratio.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

Reid Hoffman

JULY 27, 2021

The Harvard Business School’s business plan competition has been running since 1998; the only competition winner that has achieved any sustained success is Cloudflare (2009). I think a lot of entrepreneurs don’t fully understand how venture capital works. VENTURE CAPITAL AND THE MBAS OF SILICON VALLEY.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

The Harvard Business School’s business plan competition has been running since 1998; the only competition winner that has achieved any sustained success is Cloudflare (2009). I think a lot of entrepreneurs don’t fully understand how venture capital works. VENTURE CAPITAL AND THE MBAS OF SILICON VALLEY.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

finance.fortune.cnn.com

AUGUST 21, 2012

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. Through 12/31/11, less than 66% of the fund-of-funds called capital had been returned to limited partners. Posted in: Venture Capital.

Naming 49

Naming Term Sheet Private Equity Equity 49

Seeing Both Sides

JULY 21, 2014

In 1998, Yom Kippur fell on September 30th. million in one year, the year we went public at a billion dollar valuation (ok, it was 1996; everyone went public in 1996 with a billion dollar valuation), and then $61 million the following year. This allowed our revenue to skyrocket from $1.8 million to $22.5

Revenue 54

Revenue Valuation Churn Rate Portfolio 54

Feld Thoughts

FEBRUARY 28, 2023

The boom years of 1998 (79 IPOs), 1999 (175 IPOs), and 2000 (142 IPOs) are long gone. Since the attractiveness of investments is also largely related to exit channels, this aspect affects the availability of capital and company valuation at every stage. BAND) and the Bundesverband Deutsche Startups e.V.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

Seeing Both Sides

MARCH 2, 2011

When foursquare took $20 million in venture capital at a reported valuation of $100 million, suddently they had transformed the company from a lean, product-obsessed start-up to a company that would need to generate tens if not hundreds of millions of dollars in cash flow to justify a billion dollar valuation.

API 44

API Valuation Lean Burn Rate 44

David Teten

MARCH 24, 2014

ff Venture Capital is both an investor and also runs our back office on Addepar.). We over-weighted small cap value stocks in 1998-2002. However, it was the right thing to do from a valuation perspective. Alternative Assets Contributed Articles Financial Services Fund Management Investing Venture Capital'

Software Review 114

Software Review Due Diligence Venture Capital Portfolio 114

aweissman.com

DECEMBER 18, 2006

While I don't pretend to be smart enough to begin to analyze such an esoteric question, having been involved in technology venture capital since 1998, I will make a few, lightweight, observations: -At one, fundamentally important, level venture capitalists (VCs) are buyers of stock.

Valuation 20

Valuation Stock Venture Capital Equity 20

BeyondVC

DECEMBER 20, 2004

We did our own analysis of venture-backed software IPOs a couple of years ago (based on SEC filings, etc.) Anyway, as I look at the data from Thomson Venture Economics and the NVCA , it is further proof that we are returning to normalcy in terms of the time it takes to build value. using pre-bubble data and this is what we found.

IPO 60

IPO SEC Valuation Revenue 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

David Teten

NOVEMBER 15, 2013

At my firm, ff Venture Capital, we’re trying our part to rethink how the industry works, and also actively looking for opportunities to invest in companies creatively disrupting this sector, e.g., our portfolio companies Addepar and Indiegogo. I think there are many more opportunities to disrupt the space. Photo credit: JD Hancock.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

www.paulgraham.com

OCTOBER 23, 2010

The investors backed down; wedid another round of funding at a reasonable valuation; the giantcompany finally gave us a piece of paper saying they didnt own oursoftware; and six months later we were bought by Yahoo for muchmore than the earlier acquirer had agreed to pay. Venture investments are usually described in terms ofthat number.

Startup 105

Startup Cofounder Software Stock 105

Cracking the Code

SEPTEMBER 2, 2008

He should have invested in Lawson obviously… I could not track back their stock price in 1998 when NetSuite was launched, but since Jan. Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. Venture Capital. (3). Explore Venture Capital. per share to $8.0 anecdotes.

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. 2 ] When you negotiate terms with a startup, there are two numbers youcare about: how much money youre putting in, and the valuation ofthe company. The valuation determines how much stock you get. Valuations dont vary as much.

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63

Professor VC

JUNE 6, 2016

(girl scout song believed to be adapted from poem written by Joseph Parry (1841-1903) or perhaps Boardwalk Empire if you believe Reddit ) In the picture above, "Make New Friends" was sung by the entire Barron Park Elementary School on its first day as a neighborhood school in 1998. A fitting song for a new school year and new school.

Syndicate 28

Syndicate Syndication Cap Table Ratchet 28

Ben's Blog

MAY 24, 2021

billion multi-stage venture capital firm focused on IT-related investments… I also serve on various investment committees, including for the St. Jude Children’s Cancer Hospital and the Stanford Medical Center, and teach entrepreneurship and venture capital at the Stanford Graduate School of Business. 1990-1998 13.3%

SEC 36

SEC Accredited Investor IPO Technical Review 36

Up and Running

DECEMBER 9, 2014

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. If you’re looking for five million dollars, you should be thinking institutional capital. Bates: You know Josh—.

Small Business 95

Small Business Finance Forecast Metrics 95

Both Sides of the Table

SEPTEMBER 17, 2017

I believe the massive valuation increases in cryptocurrencies we’ve witnessed of late are not based on any fundamentals other than speculation and a drive for a quick profit by many who have gained from the market hype. Why would pouring hundreds of millions into even earlier stage startups with even less or no oversight be a good idea?

Government 280

Government Distribution Stock United States 280