Feld Thoughts

FEBRUARY 9, 2016

Once again, as we find ourselves in the middle of a significant public market correction, especially around technology stocks, there’s an enormous amount of noise in the system, as there always is. I started investing in 1994 and while there was some bumpiness in 1997 and again in 1999, the real pain happened between 2000 and 2005.

Cap Table 70

Cap Table Down Round Liquidation Preference Founder 70

abovethecrowd.com

APRIL 20, 2016

In late 2015, many public technology companies saw a significant retrenchment in their share prices primarily as a result of a reduction in valuation multiples. About this same point in time, the journalists that focus specifically on the venture capital industry noted something quite profound. 2015 was the exact opposite.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Scalable Startup

FEBRUARY 1, 2013

Marc Andreessen: So the computer industry started in 1950 and basically ran for 50 years with the same model, which was a model where all of the new computers, all the new technology, all the new software started out being sold for the highest prices to the biggest organizations. So originally the customer was the Department of Defense.

Software Review 22

Software Review Startup Venture Capital Stock 22

thebarefootvc

AUGUST 26, 2015

If you doubt that, take a look at the following chart I spotted on Twitter today: I’m long term bullish on technology which is why I run a venture fund. As someone who invested through the 2001 and 2008 crashes I can assure you that down rounds and fire sales are not fun for anyone involved.

Marketing 40

Marketing Investment Bankers Valuation China 40

thebarefootvc

AUGUST 26, 2015

If you doubt that, take a look at the following chart I spotted on Twitter today: I’m long term bullish on technology which is why I run a venture fund. As someone who invested through the 2001 and 2008 crashes I can assure you that down rounds and fire sales are not fun for anyone involved.

Marketing 40

Marketing Investment Bankers Valuation China 40

thebarefootvc

JULY 26, 2015

If you doubt that, take a look at the following chart I spotted on Twitter today: I’m long term bullish on technology which is why I run a venture fund. As someone who invested through the 2001 and 2008 crashes I can assure you that down rounds and fire sales are not fun for anyone involved.

Marketing 40

Marketing Investment Bankers Valuation China 40