Remove 1999 Remove Mobile Remove Social Network Remove Valuation
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It’s Morning in Venture Capital

Both Sides of the Table

The movie, “The Social Network” might have had more of an impact on creating future entrepreneurs than any other event of the past 5 years. Yes, it’s true that FOMO (fear of missing out) is driving some irrational behavior and valuations amongst uber competitive deals and well-financed VCs. Mobility really changes everything.

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Startup Founders Should Flip Burgers

Both Sides of the Table

M y company had raised a seed round of capital in late 1999 even before either of us were full time in the company (ominous side note: on the way to pitch our seed investor, Delta Partners, a man walking right in front of me died of a massive heart attack making me late to the meeting.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round). It was a pretty good valuation for the time. It was a $4.7M link] leehower.

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Stock Market Drops. Then It Rallies. What Happens Next for Funding?

Both Sides of the Table

Valuations were enormous relative to progress in companies. Companies with less than $2 million in revenue were asking for $50-60 million valuations and getting them. 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.

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10+ Trends: Recap of 2011 and What’s Next…

thebarefootvc

Powered by cell phones and social networking platforms, we saw revolutions taking place, businesses being transformed and our daily lives made more convenient (if we could tear ourselves away from our Facebook and Twitter updates). As of year-end, Foursquare had over 15 million users, with an exponential growth rate globally.

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Facebook and Instagram

The Equity Kicker

Revenues from mobile are an important part of Facebook’s growth going forward and photo sharing on their mobile app is mediocre at best. Instagram doesn’t rely on other social networks and transition to ownership by Facebook won’t create any difficulties with Google and other competitors changing their attitude to the business.

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