Both Sides of the Table

AUGUST 28, 2009

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. We do hand out stock options. We were hot.

PR 331

PR Software Review Ireland Germany 331

Both Sides of the Table

JULY 22, 2010

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. More likely what you’ll see if you have an aggressive term sheet is “participating preferred&# stock. It was accept the terms or go into bankruptcy so we took the money.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

SiliconHills

NOVEMBER 21, 2014

Rackspace Chairman Graham Weston has been bullish on his company since he made his initial investment to found the hosting company in 1999. million or 58,400 shares of the company’s stock on the open […] The post Rackspace’s Chairman Invests Millions in its Stock appeared first on SiliconHills.

San Antonio 67

San Antonio Stock Cloud Hosting 67

Both Sides of the Table

FEBRUARY 6, 2019

Yes, VC / Startup Funding is up Massively If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999. trillion in value. Maybe add your email to receive the next post delivered to your email box?

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

Feld Thoughts

JANUARY 7, 2015

When I saw the proposal, I immediately thought of the web consulting rollups of 1999. We were bought for a more reasonable 1x revenue (and about 4x pre-tax income) when the value of the AmeriData stock, options, and cash we took out were factored in. I’m a big fan of coding schools. Do you remember US Web, iXL, Scient, and Viant?

Stock Options 70

Stock Options Cofounder Revenue Hosting 70

Both Sides of the Table

JUNE 8, 2010

My favorite two quotes of the weekend were: “Never trade your cat for somebody else’s dog” (referring to selling your company for stock to another privately held company – quote was from Alan. I’m going to save that for a future blog post. Nail it before you scale it” – I missed who said this but I love this quote.

PR 279

PR Technical Review Portfolio Customer Development 279

Growthink Blog

FEBRUARY 4, 2013

indices approaching all-times highs this past week felt a bit off for those that remember a time when folks that made their living recommending stocks were held in an almost mystical regard. The muted reaction to the major U.S. Now THAT was a bull market. Since then, not so much. And it gets worse.

Stock 75

Stock Los Angeles Equity Capital Gains 75

YoungUpstarts

NOVEMBER 26, 2020

Shelves in stores are still not fully stocked. As president of ABBA, which he founded in 1999, he serves as an advisor to business buyers and sellers throughout the nation. Continuing supply-chain issues. . This remains an issue nine months into the pandemic.

Small Business 208

Small Business Due Diligence Small Business Administration Operations 208

Growthink Blog

APRIL 29, 2013

Remember the bull markets of the 1980s and 1990s, when everybody was making money in the stock market? By December 31, 1999, it had exploded to 11,497 -- an increase of 409% in just 10 years. But today’s stock market is BROKEN. Download this report and discover why the stock market is broken – and what you can do about it.

Stock 63

Stock Marketing .Net 63

Up and Running

MAY 20, 2019

There’s a famous scene in the cult-classic 1999 movie “ Office Space “ where the main character, Peter, is confronted by his boss, Bill. Give each a name and a stock photo. Writing a business plan can help make sure Office Space doesn’t feel relatable [ source ]. Make them part of your team.

Business Plan 92

Business Plan Angel Investor Partner Naming 92

Both Sides of the Table

SEPTEMBER 25, 2010

I believe you reward investors who make an early call just like on the public stock market. When I was raising money in late 1999 I had an investment team in Germany (I was in the UK) suggest that they should get a lower valuation than others because they were ex McKinsey guys and had better access to industry.

Finance 286

Finance Term Sheet Technical Review Warrant 286

Feld Thoughts

JANUARY 16, 2018

The company had gone public in 1999 and the market cap rose to just under $3 billion ($55 / share, up from $10 / share at the IPO). By the end of 2000, the stock price was at $13. I was on a walk at my house in Eldorado Springs with one of the VPs who asked me how low the stock could go. ” My response was simple.

Stock 134

Stock IPO Finance Technology 134

Hunter Walker

MARCH 16, 2023

companies; the Class of 1999 had founded the bad Internet 1.0 Then this happened: NASDAQ 100 It wasn’t even the lowest moment of the crash as the stock market dead cat bounced a few times before heading lower for the early 2000s. But by my graduation in June of 2000, the party had ended. But it turned out to be exactly what I needed.

Stock 74

Stock IPO Database Internet 74

Growthink Blog

OCTOBER 25, 2010

Now there once was a very special time when everyone made money in the stock market. And in the 90’s, the good times rolled, with the Dow skyrocketing from 777 in August 1982 to 11,028 in September 1999. But when compared to the stock market at least it is a fair fight. Let’s take a step back.

Portfolio 69

Portfolio Technical Review Stock Incubator 69

Both Sides of the Table

JULY 25, 2011

When I first started as a startup CEO in 1999 there were no guides on raising venture capital. Founders don’t often think about “primary&# stock vs, “fully diluted&# stock in terms of voting rights. Or what “participating preferred&# stock is and how it can screw you. Drag along rights?

Liquidation Preference 304

Liquidation Preference Term Sheet Cap Table Participating Preferred 304

Growthink Blog

SEPTEMBER 20, 2010

Gordon Gekko may have a new movie coming out, but the days of the jolly old stock market he once knew are gone forever. public stock market performance over the past 11 years has been. market indices (Dow, S and P, NASDAQ) are trading lower today than they were in September 1999. And if so, what to do about it? Invest in U.S.

Stock 48

Stock Vesting Japan Algorithm 48

Seeing Both Sides

APRIL 10, 2011

Amidst all the recent talk of boom vs. bubble , there is a hue and cry that the current environment may smack of 1999. Let’s not forget that Time Magazine featured Alan Greenspan, Rob Rubin and Larry Summers on the cover in February 1999 with the headline: “The Committee to Save the World.” The point here isn’t to be Pollyannaish.

IPO 48

IPO IRR Brazil Government 48

Growthink Blog

SEPTEMBER 13, 2010

public stock market long-term woes would be comical if they weren’t so tragic. We are now well-beyond 11 long years of ZERO public market returns, with major indices (Dow, S & P, and NASDAQ) trading much lower than they were in September 1999. For the U.S.

Brazil 69

Brazil Government Angel Investor India 69

Ben's Blog

JUNE 18, 2011

As the chart below shows, if you had invested in technology stocks in any year from 1990 through Q3 1999, you would have outperformed the S&P 500. As the chart below shows, if you had invested in technology stocks in any year from 1990 through Q3 1999, you would have outperformed the S&P 500.

Technical Review 74

Technical Review IPO Silicon Valley Valuation 74

Growthink Blog

MARCH 14, 2010

The general misery that the public markets have subjected us all to over the past 12 years - with the Dow Jones, the S & P, and the NASDAQ all trading lower today than they were in 1999, begs the question - how does stock market performance affect startup investing returns? You can't day-trade startups as you can public stocks.

Stock 75

Stock Private Equity Marketing Startup 75

Startup Professionals Musings

JANUARY 16, 2011

Usually a small company can sell about 20 percent of its stock in an IPO. The timing of an IPO is driven heavily by the state of the economy in general and the stock market in particular, in concert with your profitability. In 1999, there were 486 IPOs nationwide; just 10 years later, in 2009, there were only 63.

IPO 223

IPO Social Media Media Exit Strategy 223

www.inc.com

SEPTEMBER 24, 2011

Before Roving Software could receive its first round of financing from professional investors, in early 1999, he had to put all the stock arrangements in writing. I advise my clients that you offer stock only after youve searched your heart and soul and cant come up with a way to pay with anything else," says Thomas H.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Startup Professionals Musings

AUGUST 26, 2018

According to Investor's Business Daily , even though IPOs in 2018 through July were up nearly 39 percent from last year, the total of 115 companies so far is 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.

Exit Strategy 128

Exit Strategy IPO Initial Public Offering SEC 128

Feld Thoughts

AUGUST 5, 2011

This one is more specific than “ignore the macro economy&# – instead, it’s “ignore the Dow and the stock market and get back to work on your business.&#. In 1999, 2000, and 2001 I had a my.yahoo.com page up with a bunch of stocks, including a number of companies I was an investor in, as my home page.

Stock 155

Stock Entrepreneur Chicago Finance 155

Transformify

SEPTEMBER 2, 2022

Consequently, it may result in higher trade volume, FDI, and enhanced liquidity in the stock markets. Russia's GDP grew exponentially between 1999 and 2008, driven mostly by oil exports as well as a surge in oil prices. A developing economy often integrates more into the international economy as it grows.

Global 95

Global Brazil Russia Singapore 95

Both Sides of the Table

NOVEMBER 4, 2009

OK, you would own 0.25% of the stock. Now … these are stock options and not restricted stock so you’ll likely be taxed at a long-term capital gains rate. Stock vests for 4 years. It was 1999. Stock options are the icing on the cake. I will do a simple calculation for them that goes like this.

Stock Options 418

Stock Options Stock Liquidation Preference Option Pool 418

Growthink Blog

AUGUST 29, 2010

stock market performance and the drumbeat of negativity that passes as business reporting these days has been the massive growth in U.S. By way of anecdote, from the time Dave Lavinsky and I founded Growthink in 1999 through 2008, more than 95% of our firm’s clients and investors were U.S. Almost completely shrouded in the anemic U.S.

Small Business 81

Small Business South Korea South Africa Uruguay 81

ReadWriteStart

APRIL 26, 2012

They all went away; they got rolled up in 1999 and 2000 into these too-big-to-fail banking operations," Davidson tells us. The answer is, they couldn't make any money trading, [or on] giving analyst support for small stocks because the spread got too small.". When small fluctuations in stock value changed from 12.5¢

IPO 115

IPO Stock San Francisco Lean 115

Agile VC

MAY 26, 2011

And obviously all the liq prefs went away in the IPO when pref stock converted to common. This is my 2nd time trying this, first time was in 1999. We had a participating liq pref which was pretty standard for the time though were able to negotiate a phase out above a certain exit value. A lot has changed. link] leehower.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

SiliconHills

FEBRUARY 19, 2013

Netspend, founded in 1999, sells prepaid debit cards and other financial services to customers without bank accountants in the United States. The deal calls for TSYS, based in Columbus, Georgia, to pay $16 in cash for each share of NetSpend common stock. TSYS announced plans to acquire Austin-based NetSpend for $1.4

Austin 61

Austin Columbus Georgia United States 61

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. Also, many of these companies were built with heavy doses of advertising spend, a clear red-flag in our book.

eCommerce 62

eCommerce Technical Review North America San Francisco 62

Pascal's View

AUGUST 12, 2009

economy: “… Sarbanes-Oxley compliance costs, Eliot-Spitzer’s stock analyst settlement and the economic downturn have created an historic drought in venture-backed companies going public. . That exodus has already begun, and it is evident in many statistics that testify to America’s slipping global competitiveness since 1999.

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

Diego Basch

JUNE 2, 2012

One fine day in June of 1999 I was sitting at my desk, writing code, in the zone. In 1999 it was common practice to print the employee roster every week (including phone extensions) and distribute it to everyone. A week or so later, the stock went public. At the 30-day mark I checked the stock, and it was trading at $6.

IPO 62

IPO Argentina Stock .Net 62

thebarefootvc

DECEMBER 18, 2020

Like him, many retail investors were drawn into nonstop television coverage and headlines that were (to me, scarily) reminiscent of 1999. In a year when the stock markets hit all time highs, and digital platforms grew exponentially, the pent up demand, and access, to invest in digital assets has never been higher.

SEC 45

SEC Valuation Institutional Investors Global 45

Feld Thoughts

JUNE 6, 2014

After the dust settled and I had sold all the stock I’d received, I’d made somewhere between $1m and $2m after tax. To me, that’s the real grand victory. Totally brilliant. And so simple. I had my first exit when I sold my first company (Feld Technologies) at age 28.

Alaska 166

Alaska Widget Colorado Angel Investor 166

Both Sides of the Table

DECEMBER 13, 2010

By 1999 we had grown into the largest independent consulting firm in the world. By 1999 it seemed like everybody was growing, though. I left Andersen Consulting in 1999 at the height of the market. In other words, in a strong market even turkeys can fly. Ameet was right. The things that always differentiated Accenture?

Turkey 302

Turkey Differentiation IP Technical Review 302

Both Sides of the Table

JUNE 28, 2011

When I built my first company starting in 1999 it cost $2.5 The larger ones also do more to hold CEO summits, create recruiting databases, set up email distribution lists, create pools of stock options that can be shared across companies, etc. I will argue that LPs who invest in VC funds will also need to adjust a bit as well.

Venture Capital 334

Venture Capital Software PHP Open Source 334