Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” They’re putting money into web services/business – most without early revenue. End of theory.&#

Customer Development 228

Customer Development Web Developer Customer 228

Agile VC

MAY 26, 2011

Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round). This is my 2nd time trying this, first time was in 1999. A lot has changed. link] leehower.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

The Equity Kicker

APRIL 11, 2012

I’m just back from a week skiing and visiting relatives and the big news whilst I’ve been away is undoubtedly Facebook’s $1bn acquisition of Instagram. The question on everyone’s lips is, of course, ‘how come a two year old startup with no revenues is worth $1bn?’. I think that is the difference between 1999 and today.

IPO 110

IPO Valuation Forecast Acquisition 110

Ben's Blog

MAY 24, 2021

Small” IPOs — companies with less than $50m in annual revenue at the time of IPO – have declined from more than 50% of all IPOs in the 1980-2000 timeframe to about 25% of IPOs from 2001-2016; Companies are staying private much longer — the median time to IPO from founding hovered around 6.5 1999-2000 51.6% 1999-2000 37.5%

SEC 36

SEC Accredited Investor IPO Technical Review 36