Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. On December 3rd Brad Feld wrote a one paragraph blog post titled “ Raising Venture Capital &# in which he linked to my blog. The Original Post (after the jump): Venture Capital, By Mark Suster (December 2nd, 2006). Thus is venture capital.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Pascal's View

AUGUST 28, 2010

6) The most efficient fuel for this IPO engine is venture capital. v) “Since 1999, over 60% of IPOs have been VC-backed. This is an extraordinary percentage considering that only 1/16 th of 1% of all companies are VC-backed.” “… it is highly unlikely that a company that does not take venture capital ends up going public.

Venture Capital 56

Venture Capital America Initial Public Offering IPO 56

ReadWriteStart

AUGUST 20, 2012

Today’s venture capital deal flow to innovative new companies looks a lot like a fat man trying to squeeze into a slim Italian suit. In 2000, venture capitalists poured a staggering $112.2 Today, venture capital deal flow has slowed to a relative trickle, just $28.4 Venture Capital ? Slimmer Pickings.

Venture Capital 127

Venture Capital San Francisco Deal Flow Atlanta 127

Pascal's View

SEPTEMBER 5, 2010

My contributions to this undergraduate textbook, Venture Capital: Theory & Practice , are the result of two important collaborations. Venture Capital started in China in 1985, when the first government-sponsored venture capital firm was established. Venture Capital is a popular buzzword in China.

Venture Capital 44

Venture Capital China Technical Review Due Diligence 44

Both Sides of the Table

NOVEMBER 14, 2010

While many of my friends bragged about their 5 condos in Florida I kept talking about how the real estate market was in a bubble – their gains an illusion. above inflation yet in many markets in the US & Europe prices were rising at 10-25% per year. “Yeah, but there is a shortage of supply.

Florida 299

Florida Technical Review San Antonio Los Angeles 299

www.inc.com

SEPTEMBER 24, 2011

Finance | Tuesdays. Sales & Marketing | Wednesdays. Financing a Small Business. Financing A Small Business. Personal Finance. SALES & MARKETING. Online Marketing. Bringing Innovation to Market. Small Business Success | Mondays and Thursdays. The Goods: Your Business Toolbox | Thursdays.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

abovethecrowd.com

OCTOBER 17, 2013

In addition to market concerns, I had the unique experience of working with Dan Nordstrom and the team at Nordstrom.com in August of 1999. On August 23, Stitch Fix announced that it had shipped its 100,000th Fix , and today the company announced that it has grown 500% since its last financing round this past February.

eCommerce 62

eCommerce Technical Review North America San Francisco 62

Both Sides of the Table

NOVEMBER 4, 2010

The framework of his book has profoundly altered how I think about the technology market and affects how I thought about building my businesses and how I think about investing in venture capital. Let’s start with the incumbents position in a market. I’ve characterized it in a chart below.

Vesting 376

Vesting Framework Revenue Technology 376

Steve Blank

SEPTEMBER 10, 2009

The product development model treats all startups like they are in an Existing Market – an established market with known customers. They never understood Market Type. Why does Market Type matter? Other companies in the 1999 PDA market were Palm, the original innovator, as well Microsoft and Hewlett Packard.

Customer Development 196

Customer Development Developer Customer Silicon Valley 196

YoungUpstarts

JUNE 28, 2012

But before Google became the giant corporation that it is today, it was almost sold for a shy $1 million to Excite CEO George Bell in 1999. Their patience paid off months later when big name venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital invested $25 million in Google. Whole Foods Market.

Bankruptcy 195

Bankruptcy Texas Naming Venture Capital 195

finance.fortune.cnn.com

AUGUST 21, 2012

The information is based on part of a confidential year-end 2011 investment report distributed to investors in a fund-of-funds that made commitments between 1999 and 2001. Overall, the fund-of-funds is 97% called for 45 funds raised between 1999 and 2002. In parenthesis is the cumulative distribution divided by called capital.

Naming 49

Naming Term Sheet Private Equity Equity 49

The Equity Kicker

SEPTEMBER 26, 2012

In an anomalous, parallel development, the 1999-2000 bubble spawned local funds who were able to support these companies to a point, and to introduce them to their Californian counterparts. Sometimes the companies simply struggle and grow as best they can with inadequate financing.

Silicon Valley 97

Silicon Valley Cost Startup Boston 97

Steve Blank

APRIL 11, 2013

Examples are Hollywood for movies, Milan for fashion, New York for finance and today, Silicon Valley for technology entrepreneurship. Set up in 1999, Innofund offers grants ($150 – $250K), loan interest subsidies and equity investment. Venture Guiding Fund. China Customer Development Technology Venture Capital'

Programming 278

Programming Technical Review SBIR China 278

Steve Blank

NOVEMBER 23, 2009

Our startup was venture funded in 1999 and we didn’t pay enough attention to this advice! I also like the segment on characterizing your market. For example, our company finances renewable energy installations (solar, fuel cell, etc.) I like your comment on “get liquid in a bubble&#.

Customer Development 212

Customer Development Developer Silicon Valley Customer 212

ReadWriteStart

APRIL 26, 2012

In an interview with ReadWriteWeb, Davidson explains how the latest industry to receive the disruption treatment has been the venture capital business itself, with the epicenter of the quake right around San Francisco. When they exited the scene, the small IPO market followed suit. The question is why? Number of U.S.

IPO 115

IPO Stock San Francisco Lean 115

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

Steve Blank

APRIL 11, 2013

Examples are Hollywood for movies, Milan for fashion, New York for finance and today, Silicon Valley for technology entrepreneurship. Set up in 1999, Innofund offers grants ($150 – $250K), loan interest subsidies and equity investment. Venture Guiding Fund. China Customer Development Technology Venture Capital'

Programming 170

Programming Technical Review SBIR China 170

Pascal's View

AUGUST 21, 2011

question in venture capital. This time, the debate centers on the “favored few” Social Media venture backed companies that have brought tremendous windfalls to a select group of venture funds and management teams, both pre- and post-IPO. It has been a private market phenomenon much more than a public market one”.

Valuation 50

Valuation Social Media Media IPO 50

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 “ The Age of the Unicorns ” noting — “Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists.”

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

online.wsj.com

JULY 11, 2012

Loading… Markets. Loading… Personal Finance. Personal Finance. 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 exchange for $70,000 in venture capital and a $30,000 loan from the early venture firm.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

Both Sides of the Table

JANUARY 16, 2012

I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. I’ve raised in boom markets and when everybody thought the Internet was a fraud. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies.

Developer 366

Developer Silicon Valley PR Las Vegas 366

David Teten

JANUARY 8, 2013

Investors can tap this network for executive talent, followon financings, and eventually an exit. For example, many leading VCs, including First Round Capital and ff Venture Capital , have made their websites hubs for job-seekers, because their portfolio companies by definition are growth firms constantly in need of the best talent.

Private Equity 114

Private Equity Social Media Equity Media 114

abovethecrowd.com

FEBRUARY 27, 2019

In 1999, Jack Ma created Alibaba , a Chinese-based B2B marketplace for connecting small and medium enterprise with potential export opportunities. Without the proper technology to match people who wanted a ride with people who could provide that service, taxi and chauffeur companies were drastically underserving the potential market.

Internet 88

Internet Matching Vertical Hosting 88

Both Sides of the Table

FEBRUARY 22, 2011

You may feel as I did in 1999 that the more smart people around the table the more intros you’ll have, the more sage advice you’ll receive and the more impressive you’ll seem to outsiders. The most tempting thing to do in a financing is to find two investors to split a deal. The Perils of Many. But it happens.

Dilution 314

Dilution Cap Table Due Diligence Option Pool 314

Professor VC

DECEMBER 8, 2015

Often times those involve trading within a venture capital portfolio or between two venture firms portfolios. But what about the case where both companies are well capitalized and doing well? CPF's major venture backer is Kleiner Perkins, who coincidentally, is also the majority equity holder in Kilowatt.

Merger 28

Merger LP IPO Redemption 28

Ben's Blog

MAY 24, 2021

House of Representatives’ Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets (Committee on Financial Services) hearing on “Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections” May 2021. IPO market.

SEC 36

SEC Accredited Investor IPO Technical Review 36

SoCal CTO

JANUARY 5, 2011

Steve Blank , January 25, 2010 10 Tips for Adding Game Mechanics to a Non-Gaming Service - ReadWriteStart , September 21, 2010 Startups & VCs: Learn How to Design, Market, & Eat Your Own. - . - 500 Hats , February 1, 2010 When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication? First Principles.

Silicon Valley 378

Silicon Valley Startup Term Sheet Venture Capital 378

Both Sides of the Table

AUGUST 9, 2011

I spent my days meeting companies, figuring out what areas of the market interested me and trying to get a sense for how VCs thought about fair valuations. I started showing my partners more deals that I found interesting and doing loads of analysis on the future of markets I thought were ripe for disruption. The market had tanked.

Stock 305

Stock Technical Review Marketing Greece 305

Seeing Both Sides

SEPTEMBER 15, 2015

Only a handful of so-called unicorns — companies that have achieved a valuation of over $1 billion in the last 10 years — come from Israel, and only one Israeli firm, Teva, ranks in the world’s 500 largest companies by market capitalization. to assist with the local go-to-market approach. But is all of that changing?

Cofounder 20

Cofounder Technical Review United States 20

David Teten

JANUARY 13, 2015

And the “Uber of Greece” is in Greece – not exactly the next big market. The best way you can help them is build a big business with their backing, and that requires you to appear self-made. [I should mention that disclosure of participation in the Venture Capital Access Program is optional.]. Think bigger!

Venture Capital 60

Venture Capital Advisory Board Greece Cofounder 60

Both Sides of the Table

AUGUST 30, 2010

My original thinking from Oct ’09 was, while I didn’t (and still don’t) have a crystal ball I worried that: consumers were over-stretched with debt (and make up 77% of the economy), unemployment would continue to rise, which in turn would drive the stock market south and cut the rate of M&A activity and VC investment even further.

Entrepreneur 298

Entrepreneur Technical Review Balance Sheet Government 298

abovethecrowd.com

JUNE 2, 2021

Marketing 101: Customers love free stuff. As a result, it is a common marketing practice to offer things “for free” in order to impact customer behavior or encourage customer loyalty. That’s why it is a tried and true marketing scheme. Warren Buffet, 1997. You know what customers like more than free stuff?

IPO 82

IPO Customer Matching Silicon Valley 82

Both Sides of the Table

SEPTEMBER 17, 2017

And while many of the people bringing you the great applications and infrastructure you now rely on are benevolent, there is of course an inbuilt incentive for these companies to use their scale advantages to continue to dominate the markets they’re in, making it harder for upstarts to compete. It’s Hobbesian economics 101.

Government 280

Government Distribution Stock United States 280