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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. There were startups and a software industry but barely. Nobody cared about our valuations any more. What happened? There was no money train. It was 1991.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. But software companies often take longer to scale top-line revenue than retailers so it takes a while to cover your nut. Valuation.

Burn Rate 383
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10 Digital Startup Conferences You Should Attend This Year

YoungUpstarts

The Growth Edition (April 29th-May 1st) is for companies whose founders are already making a full-time living from their software products. The Starter edition is for founders who are not currently making a full-time living from their software products but who seek to do so in the future. Business of Software. Boston, USA.

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A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

As dollars flowed into the industry, cooperation was replaced by competition, to the detriment of deal flow, due diligence, ability to add value and, of course, returns. For many years preceding 1999, the 1982 vintage was known as the industry’s worst vintage year. This isn’t true. This statement is scary to me.

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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. But that’s a story for another day.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

The terms and valuation for both offers were comparable and when the team debated which path to choose, we all agreed both firms would have made good partners. round which closed in November 2003, and the pre-money valuation between $10 million and $15 million. It was a pretty good valuation for the time. It was a $4.7M

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It’s Morning in Venture Capital

Both Sides of the Table

Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1. If you want to understand the details of why this is, I covered it in detail in this post, Understanding Changes in the Software Industry.