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Start-ups are all Naked in the Mirror

Both Sides of the Table

I started my first company in 1999 in London at the height of the dot com craze. As the economy soured and people grew wary of buying Internet software (we were SaaS as early as 1999 – our buyers were certainly “early adopters&# ) and life grew more difficult. Our sales forecasts were revised downward – many times.

PR 331
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How To Predict The Future

Feld Thoughts

The same spreadsheet also predicted we’d see a music downloading service in 1999 or 2000. Napster arrived in June, 1999. But it’s hard to say, even with hindsight, that we could have predicted Wikipedia, let alone forecast when it would occur. (If Step 2: Forecast the linear trend. Streaming video had finally made it.

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Gust Blog - Thoughts on startups by investors that fund them

Gust

I bought the Rocket eBook Reader in 1999. One of my earliest excursions into market research was working for a research firm doing a 1979 forecast on ATMs. I want a forecast that starts with specifics like channels or traffic and conversions or segments and builds up. Often this is part of a good forecast.

Startup 180
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73.6% of all Statistics are Made Up

Both Sides of the Table

One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. In 1999 I was in Japan doing a strategy project for the board of directors of Sony. It was originally COBOL and DB2 – so what?

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Facebook and Instagram

The Equity Kicker

When I was interviewing to become a VC for the first time in 1999 I was asked to do an analysis of AOL’s valuation and I said then, as I am saying with Instagram now, that it only makes sense in the context of the valuation of other similar companies. I think that is the difference between 1999 and today.

IPO 110
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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

In another we decended into a debate about our 5 year forecasts (I built the models so fielded most of these questions), and it became clear they probably weren’t the best fit for our Series A round (this group is no longer in the early-stage VC business). This is my 2nd time trying this, first time was in 1999.

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Who Makes the Money on an Inevitable Shoe Dropping?

Gust

I bought the Rocket eBook Reader in 1999. One of my earliest excursions into market research was working for a research firm doing a 1979 forecast on ATMs. And what interests me is who makes the money on timing these trends. . I think I’m an innovator myself, but I know I’m not an opinion leader.

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