Both Sides of the Table

APRIL 27, 2010

My company had raised venture capital in April 2001 but we were told that there may never be any more coming. I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). So how did I come to work in the world of venture capital? We built a long-term relationship.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

thebarefootvc

JULY 3, 2016

New York City : NYC is growing as a startup hub; yet early stage (seed, small A rounds) institutional capital has not kept up with the local growth. I remember the heady days of 1999 when everyone believed that there were new rules to investing. In fact, only 13% of VCs investing in the US are based in NYC.

North America 40

North America Early Stage New York City Portfolio 40

thebarefootvc

FEBRUARY 3, 2016

New York City : NYC is growing as a startup hub; yet early stage (seed, small A rounds) institutional capital has not kept up with the local growth. I remember the heady days of 1999 when everyone believed that there were new rules to investing. In fact, only 13% of VCs investing in the US are based in NYC.

North America 40

North America Early Stage New York City Portfolio 40

Seeing Both Sides

APRIL 12, 2012

When I first entered the venture capital business 10 years ago after being an entrepereneur, my partners warned me that "my bar" for new investments would get higher over time. In other words, before they had raised a nickel, they had made as much progress as a $10 million funded Series A start-up circa 1999 or even 2004.

IPO 44

IPO Metrics Venture Capital Social Media 44

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. Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside. We managed the business because we felt responsible since we raised money.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

BeyondVC

DECEMBER 20, 2004

Getting back to the data on software IPOs, during 1998-1999, the companies that went public received around $30.0mm of VC funding, were 5 years old, were not EBITDA positive, and had an average IPO value around $375mm (includes comps like ISS, Micromuse, Art, Interwoven, Vignette, Informatica).

IPO 60

IPO SEC Valuation Revenue 60

ConversionXL

APRIL 24, 2019

The concept of “economic moats” came from a 1999 Fortune article by Warren Buffett: The key to investing is [.] Until 2004, when the U.S. It’s one that many venture capital–funded startups deploy. determining the competitive advantage of any given company and, above all, the durability of that advantage. Image source ).

Non-Compete 122

Non-Compete United States Networking Acquisition 122

online.wsj.com

JULY 11, 2012

Over the past two years, one of the most influential venture-capital firms has turned the usual rules of start-up investing on its head. In the early days of venture capital, when money was scarce, entrepreneurs often gave up control of their company in exchange for their first investment funds. LUBLIN And SPENCER E.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

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