article thumbnail

The Great Coding School Rollup of 2015

Feld Thoughts

When I saw the proposal, I immediately thought of the web consulting rollups of 1999. I was in the middle of that with Interliant (I was a co-founder) – we bought 20+ companies, at one point has an almost $3 billion market cap (on $200 million of revenue – recognize the multiple), but went bankrupt in 2002.

article thumbnail

An Open Letter to Startup Founders Everywhere in a Time of Crisis

David Cohen

Founders, I’m talking to you. I’ve seen past crises, cycles, and downturns as an investor and as a founder. In 1999, we sold that business and I started angel investing. By 2002 the NASDAQ had fallen by nearly 80%. Because we know that this is the time for founders everywhere to step forward, not backward.

Founder 174
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. is the leading consumer internet company with Terry Semel as CEO. Thanks Lee.

article thumbnail

How and Why To Be an Angel Investor

David Teten

Dave Kerpen, founder and CEO of Likeable Local , just published an interview with me on Linkedin, which I’ve included below. Angel Investment Activity, 2002-2013. approx 1999-07. John Frankel started as an individual angel investor in New York in 1999. It’s also a fast way to lose all your money. 1961- 1996.

article thumbnail

Early Stage VCs – Be Careful Out There

Feld Thoughts

It has happened only one other time in my investing career – in 1999. In some cases, these rounds were with experienced founders who had previously had a success and could dictate terms. In this six month period, the need for an experienced founder vanished. For anyone that remembers 2000-2003, this obviously ended badly.

article thumbnail

Every Generation Learns The Same Lessons

Feld Thoughts

I spent the weekend with a friend from the last 1990s who was the lead banker on the Interliant IPO (I was a co-founder and co-chairman.) If you like to read IPO prospectuses, here’s the final S-1 filing after INIT went effective and started trading on July 8, 1999. A few days ago, Fred Wilson wrote a post titled Capitulation?

article thumbnail

Stitch Fix: Reinventing Retail Through Personalization

abovethecrowd.com

The company, which the founder cleverly named “Stitch Fix,” had a remarkably unique offering compared to other women’s fashion experiences. I immediately reached out to the founder and CEO, Katrina Lake , who had previously worked for another Benchmark portfolio company in the fashion space, Polyvore.