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Praying to the God of Valuation

Both Sides of the Table

I started my first company in 1999 and was admittedly swept up in all of this: Magazine covers, fancy conferences, artificial valuations and easy money. During this era, from 2009–2015, most founders I knew were in it for building great & sustainable companies.

Valuation 466
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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

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).

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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Other founders, “as a privately held company we don’t disclose our valuation.&# Me, “dude, I’m not a journalist. Investors own 25%, the founders own 75%.

Valuation 405
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7 Costs To Consider Before Taking Your Startup Public

Startup Professionals Musings

They are still nowhere near the rate required to match the yearly total of 486 hit way back in 1999. Most startup founders voluntarily exit or are pushed out, and the fun is gone. The numbers represent a 45% increase from the previous quarter’s tally, but a 14% drop from the same quarter in 2019. Analysts want escalating profits.

Cost 319
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Back In The Filtering Game: Entrepreneur Drawn by The Siren Call Of The Startup

YoungUpstarts

by Shane Kenny, founder of Filtersnap. In 1999, my brother Aaron and I started InternetSafety.com. Founder of Filtersnap Shane Kenny has been in the filtering business for over 15 years. In 1999, he started InternetSafety.com with his brother. I love the fast-paced, see-my-work-have-a-big-impact nature of a new startup.

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Finding Developers is Tough Again

SoCal CTO

One recruiter tells me it’s “like 1999? I wouldn’t say it’s 1999 or even 2007, but it certainly has turned around. In between, I got an email from CJ Cenizal asking about this exact issue: I'm growing a social gaming startup, Elevated Games ( elevatedgames.com ) as Founder and CEO.

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The Very First Startup Founder You Need to Invest in is You

Both Sides of the Table

This week I wrote about obsessive and competitive founders and how this forms the basis of what I look for when I invest. And that’s what differentiates founders and early employees. And it’s still less than I was paid at Accenture in 1999. So I did, in fact, invest in myself. They choose a different path.

Founder 409