Both Sides of the Table

AUGUST 28, 2009

I started my first company in 1999 in London at the height of the dot com craze. My competitors from those days STILL love to talk about how much money we raised in February 2000 (get over it already!). This is part of my ongoing series Startup Lessons. Building companies is hard work. I acknowledge it was a mistake. We were hot.

PR 331

PR Software Review Ireland Germany 331

Start Up Blog

DECEMBER 31, 2018

I actually believe that this is a bit like the Dot Com crash in 1999-2000 and is almost a pre-condition for crypto and blockchain to be everything it can be. Yes, it will come back even stronger. TV Show of the Year: Black Mirror. In fact, it’s not even close – it’s Black Mirror and daylight.

Software Review 48

Software Review Technical Review Artificial Inteligence Software 48

OnlyOnce

APRIL 1, 2021

Even as a 20-something first-time CEO years ago, I was deeply skeptical of the value of a Coach, but that was in 1999 or 2000 when coaches weren’t so commonplace. I’ll start this post with a quick argument in favor of CEO Coaches and Mentors (sometimes called Advisors).

Leadership 48

Leadership Hiring Email Employee 48

David Teten

SEPTEMBER 16, 2014

approx 1999-07. John Frankel started as an individual angel investor in New York in 1999. Sohl: “The Angel Investor Market in 2009: Holding Steady but Changes in Seed and Startup Investments”. approx 2004-09. DeGennaro & Dwyer: “Expected Returns to Angel Investors” 603. 1961- 1996.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

Feld Thoughts

AUGUST 14, 2018

Last night, at the Aspen Entrepreneurs event, I was asked to describe several failures and I rolled out my story about Interliant, which, for a period of time (1999 – 2000) appeared to be hugely successful before going bankrupt in 2002. A few days ago, Fred Wilson wrote a post titled Capitulation?

Prospectus 80

Prospectus IPO Cofounder Internet 80

VC Cafe

OCTOBER 18, 2011

He worked his way up the corporate ladder; in 1998 he became VP of the Digital TV platform strategy, which did not pan out, and in 1999 he found an opportunity in Microsoft Internet (MSN) international. At the beginning of the year 2000, there were 133 venture capital firms in Israel, today there are less than 30.

Venture Capital 100

Venture Capital New Zealand Startup 100

Both Sides of the Table

NOVEMBER 14, 2010

And so it happened that between 2000-2008 I was the biggest buzz kill at dinner parties. When the masses start all running one way without questioning “why?&# – and when it defies any logic I can figure out in my head – I call bullshit. At dinner parties I was wrong for several years but I stuck to my guns.

Florida 299

Florida Technical Review San Antonio Los Angeles 299

Feld Thoughts

JANUARY 16, 2018

” In 2000 I was co-chairman of a public company called Interliant. The company had gone public in 1999 and the market cap rose to just under $3 billion ($55 / share, up from $10 / share at the IPO). By the end of 2000, the stock price was at $13.

Stock 134

Stock IPO Finance Technology 134

Feld Thoughts

FEBRUARY 28, 2023

The boom years of 1998 (79 IPOs), 1999 (175 IPOs), and 2000 (142 IPOs) are long gone. The lack of conversion rights must also be considered when structuring voting rights. IPO issues: Possibly the biggest problem for German venture-backed companies is the very low number of IPOs in Germany.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

YoungUpstarts

DECEMBER 2, 2014

In fact, since 2000, more than 10 million Americans have filed personal bankruptcy due to their employers’ failed health insurance plan. suppliers of personalized employee health benefits, Extend Health (1999) and Zane Benefits (2006). For many, it’s been a struggle. But the Affordable Care Act has changed the game.

Software Review 224

Software Review Employee Retention Government 224

crowdSPRING Blog

APRIL 18, 2011

than it is to explain how the 1999 UETA and 2000 ESIGN Acts and our https framework help keep us secure. There is tremendous legal support behind our products, but people need to FEEL comfortable as well.

Small Business 105

Small Business New Jersey Internet Bootstrapping 105

OnlyOnce

OCTOBER 27, 2022

When I first met Matt and he joined me and Jack to launch Return Path in 1999, he was fresh out of business school and focused on sales and marketing from his prior career in investment banking. This started back in 2000. Our idea was that he would do the same for us as we got our product in market.

Framework 62

Framework Partner Developer Employee 62

Feld Thoughts

JUNE 22, 2012

The same spreadsheet also predicted we’d see a music downloading service in 1999 or 2000. Napster arrived in June, 1999. Nine years later, in February 2005, YouTube arrived. Streaming video had finally made it. The data has held surprisingly accurate over the long term.

Artificial Inteligence 182

Artificial Inteligence Technical Review Bandwidth Software Review 182

Both Sides of the Table

SEPTEMBER 2, 2009

Coupled with my participating preferred from 1999 and 2000 I had more than $55 million of liquidation preferences. In my first company I had to raise money in April 2001 or die. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Feld Thoughts

JULY 19, 2018

It has happened only one other time in my investing career – in 1999. For anyone that remembers 2000-2003, this obviously ended badly. .” We are seeing this also and have been talking about it internally, so it prompted me to say something about it. I view this is a significant negative indicator.

Early Stage 105

Early Stage Seed Stage Valuation Finance 105

Seeing Both Sides

APRIL 10, 2011

The Internet bull market continued to run for four more years after the Open Market IPO, finally ending in the spring of 2000. Amidst all the recent talk of boom vs. bubble , there is a hue and cry that the current environment may smack of 1999. But what if it’s actually more akin to 1996?

IPO 48

IPO IRR Brazil Government 48

Feld Thoughts

APRIL 7, 2017

We took Interliant public in 1999 on the second attempt (the SEC didn’t clear the filing until a week after the end of the first road show, our first of many misfires with Merrill Lynch, who was our lead banker.) At the peak in the spring of 2000 Interliant hit $55 / share and was worth over $3 billion. Back to breakfast.

SEC 148

SEC New York Venture Capital Partner 148

YoungUpstarts

APRIL 2, 2018

Another important project was launched in 1999 at the UC Berkeley which has arguably become the most famous example of the volunteer computing model — the SETI@home program (if there’s a “@home” suffix in the name of a project it means that it involves exclusively home computers).

Search 179

Search Aggregator Distribution Framework 179

Both Sides of the Table

FEBRUARY 17, 2010

I was living in Europe in 2000 when the first WAP phones (Wireless Access Protocol) were introduced. App is one step forward, two steps back – In 1999 I launched my first company, BuildOnline, a SaaS-based (back then we were ASP’s) content management platform for large-scale engineering and construction projects.

Flash 326

Flash Mobile Application Development Cloud 326

Feld Thoughts

MARCH 12, 2014

We learned this dynamic in the early 2000’s with our investment in ServiceMagic. We invested in the company in 1999 during the ascension of the Internet bubble. In 2000, Michael and Rodney cut the business drastically, changed the business model to a lead-fee system, which they pioneered online.

Seattle 149

Seattle Metrics Cofounder Finance 149

David Cohen

MARCH 30, 2020

In 1999, we sold that business and I started angel investing. In 2000, the Internet bubble burst. I didn’t really see how it would affect me. We raised a lifetime grand total of $100,000 for that business in the form of advance payment from early customers. By 2002 the NASDAQ had fallen by nearly 80%. Or even working for one?

Founder 174

Founder Valuation Startup IP 174

The Equity Kicker

JANUARY 27, 2014

Comparing this with the chart below from the 1999 bubble and two things stand out. Firstly growth in investment is far slower now than it was then, and secondly at $8bn per quarter total investments now are less than half the Q1 2000 peak. Transaction values and volumes are rising, but not at bubble rates.

Silicon Valley 110

Silicon Valley New York Venture Capital Acquisition 110

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. I am very grateful to my friend Zoli Erdos for finding this retro posting for me at web.archive.org. I had kept a personal blog for more than a year and was new at keeping a professional blog.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

ReadWriteStart

AUGUST 20, 2012

In 2000, venture capitalists poured a staggering $112.2 According to Dow Jones VentureSource Senior Manager of Corporate Communications Kim Gagliardi, 3,404 venture financing rounds were completed in 2011, down 47% from the 6,361 closed in 2000. That was up 29% over 2000 in just five years. It just doesn’t fit.

Venture Capital 127

Venture Capital San Francisco Deal Flow Atlanta 127

Feld Thoughts

APRIL 3, 2011

In the tech industry, the great Internet bubble inflated between 1999 and 2000 and deflated (or popped) in 2001. So I spent some time on my run yesterday rolling the idea of a bubble around in my head. I remember it well as 2001 was easily the most challenging year of my business life.

Entrepreneur 143

Entrepreneur Finance Internet Web 143

ConversionXL

MAY 22, 2017

His name was Mark Benioff (another former Oracle Executive) and in 1999 he had the pleasure to introduce the business world the first CRM in Cloud. In early 2000, the diffusion of Personal Computers transformed the way users made decisions and the paradigm buyer/seller changed again. The Salesforce era was only at the beginning.

Customer 92

Customer Marketing Artificial Inteligence Clickthrough 92

VC Cafe

JANUARY 20, 2014

Last year, the VC industry partied like its 1999. 222 firms held initial public offerings last year, raising $55 Billion, the most since 406 companies went public for $97 million in 2000. 222 firms held initial public offerings last year, raising $55 Billion, the most since 406 companies went public for $97 million in 2000.

Venture Capital 155

Venture Capital Pre-Money Valuation IPO 155

The Equity Kicker

JANUARY 28, 2015

It has taken us a long time to get over the 1999/2000 bubble and build a sustainable ecosystem. These are two great charts! With IPOs like this European venture funds must be performing better, and that will bring more money into the market.

IPO 60

IPO Marketing 60

Growthink Blog

FEBRUARY 13, 2014

gotomeeting.com/register/638414410 On it, we will share some key statistics, especially that while from August 1982 to September 1999, the Dow Jones industrial average rose from 777 to 11,078, in comparison since 1999 it has moved only from 11,078 to 16,017 (approximately 44%). annually from 1982 to 2000 to 1.8%

Equity 63

Equity .Net Portfolio Hosting 63

SiliconHills

JUNE 22, 2015

CTK, founded in 1999, has more than 60 employees. The company will become part of Social Solutions Global, which was founded in 2000 and has more than […] The post Social Solutions Global Buys Community Techknowledge appeared first on SiliconHills.

Global 48

Global Community Baltimore Austin 48

Scalable Startup

DECEMBER 15, 2011

when many vaporware and vapor-businesses crash or fade away they leave damage, possibly fueling the recession (remember 1999-2000? However, the fallout from all this will set us back a few years again … many misled, unsophisticated angels will get burned and sour to good investments (not sophisticated angels, they know the risk).

Angel Investor 24

Angel Investor Startup IPO Software Developers 24

finance.fortune.cnn.com

AUGUST 21, 2012

The information is based on part of a confidential year-end 2011 investment report distributed to investors in a fund-of-funds that made commitments between 1999 and 2001. Overall, the fund-of-funds is 97% called for 45 funds raised between 1999 and 2002. Accel Partners VII (1999): 89% (74%). Onset Ventures IV (2000): 31% (4%).

Naming 49

Naming Term Sheet Private Equity Equity 49

Both Sides of the Table

JANUARY 16, 2012

I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. Our 2000 fund is the single best fund of its vintage. I’ve raised in boom markets and when everybody thought the Internet was a fraud. I’ve raised seed rounds and A-D rounds. Our 2008 fund looks spectacular.

Developer 366

Developer Silicon Valley PR Las Vegas 366

YoungUpstarts

APRIL 9, 2012

Founded in 1999 by college student Bryn Carey, this ski and snowboard rental and delivery service is used by over 30 ski resorts in locations such as California, Colorado and British Columbia, Canada. Bought by Mike Pfieger in 2000, this company provides agricultural goods and services. CETRA Language Solutions (Great Lakes).

Small Business 140

Small Business New York Denmark America 140

Growthink Blog

FEBRUARY 11, 2013

I shared some key statistics, especially that while from August 1982 to September 1999, the Dow Jones industrial average rose from 777 to 11,078, in comparison since 1999 it has moved only from 11,078 to 13,986 (approximately 25%). annually from 1982 to 2000 to 1.8% from 2000 - 2013, there is simply less money to go around.

Equity 66

Equity .Net Portfolio Hosting 66

The Equity Kicker

MARCH 5, 2018

The problem has been that many LPs lost money in European venture in the 1999-2000, were nervous about making the same mistake again, and wondered if there was a structural reason why venture capitalists seemed to be less successful here than in the US. Efficient market theory has it that money should flow into that void.

Private Equity 92

Private Equity Venture Capital Equity Europe 92

Agile VC

MAY 26, 2011

Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. This is my 2nd time trying this, first time was in 1999. Google is still a private company (their IPO was Aug 2004). is the leading consumer internet company with Terry Semel as CEO. A lot has changed. link] leehower.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178