Both Sides of the Table
FEBRUARY 12, 2019
Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. I launched my first startup in 1999 so I know the economics of launching from first-hand experience. The “A Round” of my startup in 1999 was $16.5 million and my A Round in 2005 was only $500,000 (and that’s all I ever raised).
Both Sides of the Table
NOVEMBER 29, 2014
Back then there was no “cloud” so we had to plow money into hardware, software licenses and web hosting. I tell them that they don’t have the experience to charge a startup $200k and even if they did no early-stage startup would want to bring on an in-house general counsel very early.
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Both Sides of the Table
JUNE 28, 2011
The trend of funding anything from the first $25k to funding $50 million at a billion+ valuation is unlikely to last as the skills and style to be effective at all stages are diverse enough to warrant focus. When I built my first company starting in 1999 it cost $2.5 The Emergence of “Open Cloud&# Infrastructure.
The Next Web
JUNE 20, 2013
When cloud services company Cornerstone OnDemand got its start in Los Angeles in 1999, the odds were against it. Improbably, founder and CEO Adam Miller and his partners soldiered on to eventually build a $2 billion+ cloud company. Three months after getting up and running, the tech bubble burst and all the money dried up.
Both Sides of the Table
SEPTEMBER 16, 2009
Avoid elephants in your early stages. On some level we felt we did because being a SaaS company in 1999 was trailblazing. I personally felt that we would have been better served putting more resource into building out cloud services, for example, to make Salesforce more scalable in terms of our user base.
Both Sides of the Table
MAY 23, 2012
Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. In 1998 it was 150 million, 1999 250 million and by 2000 it had crossed 350 million. We have lower costs to create companies – leading to more early stage innovation.
Startup Lessons Learned
JULY 9, 2009
In the summer of 1999, I started working on a startup from my college dorm. Id been on the internet since I was playing MUDs as a kid, but by 1999 I felt Id already missed the boat. You can even see the humiliating evidence of my smug incompetence in this absurd article from 1999.) I pretty much missed all the trends.
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