Steve Blank

OCTOBER 24, 2016

After running Microsoft for 25 years, Bill Gates handed the reins of CEO to Steve Ballmer in January 2000. Between 2001 to 2008, Jobs reinvented the company three times. Microsoft entered the 21st century as the dominant software provider for anyone who interacted with a computing device.

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Azure Business Model Cloud Artificial Inteligence 120

Feld Thoughts

SEPTEMBER 24, 2017

That perfectly describes how 2001 felt to me. In 2001, I was on the board of four public companies (and was co-chairman of two of them which I had been a co-founder of.) Sometime in the spring of 2000, all of them hit their peak stock price. My moment of capitulation came sometime in the early summer of 2001.

Internet 129

Internet Cofounder Stock Entrepreneur 129

YoungUpstarts

OCTOBER 6, 2014

Here’s an example of how they made performance-based compensation work: If someone sold 100 cases in April 2000, and 100 cases in April 2001 (these numbers are unrealistically small for simplicity), their commission would be the same in both years.

Employee 208

Employee Leadership Technical Review Hiring 208

ReadWriteStart

OCTOBER 4, 2012

The dead startups honored were mobile social-networking company Addieu, mobile game and activity locator Get-a-Game and the late, seldom-lamented but often-derided Kozmo.com, which failed way back in 2001 but to this day is held up as the embodiment of dotcom-era foolhardiness. Max Delivery charges a fee and makes a profit.

Technical Cofounder 96

Technical Cofounder Cofounder Video New York City 96

Feld Thoughts

JUNE 19, 2017

Between the spring of 2000 and the end of 2001, I had the worst, most stressful, and most painful business period of my life. I remember the trigger point being a 3/20/2000 article in Barron’s titled Burning Up: Warning: Internet companies are running out of cash — fast. They are both worth reading right now.

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Internet Revenue .Net Operations 162

Both Sides of the Table

JULY 29, 2010

The A round was done in February 2000 (end of the bull market) and my B round was done in April 2001 (bear market). I explain in the video what happened in my first company (e.g. on the entrepreneur side of the table) when I raised at too high of a price. I eventually needed more money. As a result I had to do a down round.

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Venture Capital Term Sheet Valuation Stock Options 282

YoungUpstarts

MAY 5, 2017

In 2001, in conjunction with the Russian Space Agency, American entrepreneurs Peter Diamindis, Eric C. The early 2000’s was also when the likes of legendary serial entrepreneurs Musk, Branson, and Jeff Bezos founded their own space tourism companies. In 2000, Amazon founder Jeff Bezos established Blue Origin. Named after Alan B.

New Mexico 138

New Mexico Albuquerque Mexico Egypt 138

Steve Blank

SEPTEMBER 14, 2009

The IPO Bubble – August 1995 – March 2000 In August 1995 Netscape went public, and the world of start ups turned upside down. Yahoo would hit $104/share in March 2000 with a market cap of $104 billion.) The boom in Internet startups would last 4½ years until it came crashing down to earth in March 2000.

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Silicon Valley IPO Technical Review Venture Capital 217

Ben's Blog

JUNE 18, 2011

In the last bubble, the S&P hit 44x in January 2000. In 2000, I was CEO of the first cloud computing company, Loudcloud, where the price for a customer running a redundant version of a basic internet application was approximately $150,000 per month. Currently, the S&P is trading at 22x. The internet is working.

Technical Review 76

Technical Review Software Review Valuation Internet 76

Feld Thoughts

AUGUST 14, 2018

Last night, at the Aspen Entrepreneurs event, I was asked to describe several failures and I rolled out my story about Interliant, which, for a period of time (1999 – 2000) appeared to be hugely successful before going bankrupt in 2002. My first moment with this was Black Monday in 1987. But that’s not when I learned the lesson.

Prospectus 80

Prospectus IPO Cofounder Internet 80

ReadWriteStart

OCTOBER 4, 2012

The dead startups honored were mobile social-networking company Addieu, mobile game and activity locator Get-a-Game and the late, seldom-lamented but often-derided Kozmo.com, which failed way back in 2001 but to this day is held up as the embodiment of dotcom-era foolhardiness. Max Delivery charges a fee and makes a profit.

Technical Cofounder 60

Technical Cofounder Video Cofounder New York City 60

Both Sides of the Table

JUNE 22, 2011

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. An obvious example is Google who may have gotten less market attention if there would have been 8 well-financed competitors during the 2001-2005 timeframe.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Both Sides of the Table

SEPTEMBER 29, 2009

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. When venture capitalists scale back investing activities it can be very swift and leave many companies that are in the process of fund raising hung out to dry.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Hearpreneur

AUGUST 9, 2020

Founded in 2001, VisionSpring’s mission has always been to provide eyewear to the 2.5 VisionSpring was founded in 2001 with the goal of reaching and providing affordable, quality glasses to the 2.5 He arrived at the project site as a young optometrist to find 2000 people waiting to have their eyes checked. Tell us your story.

Jordan 79

Jordan Bangladesh India Mexico 79

K9 Ventures

SEPTEMBER 8, 2015

We grew it to just under 20 people and were acquired at the height of the bubble in 2000. In late 2000, early 2001 I started my second company to test whether I can build a successful company again. MK : I attended Carnegie Mellon for my undergraduate and masters. I started my first company when I was 20.

San Francisco 48

San Francisco Early Stage Portfolio Software Engineering 48

ConversionXL

MARCH 19, 2020

The HBR study contrasts Office Depot and Staples during the 2000 recession: Office Depot cut 6% of its workforce, but it couldn’t reduce operating costs significantly. Image source ). Repair services can market to the pained-but-patient group, who will try to prolong the life of a refrigerator rather than buy a new one.” recession in 2009.”.

Marketing 121

Marketing Campaign Non-Compete Lean 121

Feld Thoughts

APRIL 3, 2011

In the tech industry, the great Internet bubble inflated between 1999 and 2000 and deflated (or popped) in 2001. I remember it well as 2001 was easily the most challenging year of my business life. So, in hindsight, the great Internet bubble of 2001 was very powerful and useful to me, even though it was very painful.

Entrepreneur 143

Entrepreneur Finance Internet Web 143

Feld Thoughts

OCTOBER 23, 2016

It’s currently at $42 / share so if I got the splits right, after its collapse in 2001 to a low of around $5 / share it took it 15 years to claw its way back to $42 / share (a 10x from the low, 40% of its high at the peak.). 2000 was the Peak of Inflated Expectations. 1995 – 2000 was the climb up to the Peak.

Merger 70

Merger Stock Internet America 70

Ben's Blog

FEBRUARY 29, 2012

Back at the tail end of the Great Internet Bubble in 2001, as all the big technology companies began missing their quarters by giant amounts, I found myself wondering how none of them saw it coming. To answer that question, I thought back to a conversation that I had years ago with the incomparable Andy Grove.

Technical Review 78

Technical Review Churn Rate Engineer Employee 78

Hearpreneur

DECEMBER 9, 2020

Founded in 2001, VisionSpring’s mission has always been to provide eyewear to the 2.5 VisionSpring was founded in 2001 with the goal of reaching and providing affordable, quality glasses to the 2.5 He arrived at the project site as a young optometrist to find 2000 people waiting to have their eyes checked. Tell us your story.

Jordan 62

Jordan Bangladesh India Mexico 62

The Startup Magazine

JULY 4, 2017

The launching of the site took happened in the year 2000, and since then, it continues to leave a mark in the people’s lives. Bet365 is a UK based online casino started in 2001 offering a wide variety of games that include bingo, poker, skill games and others.

Securities and Exchange Commission 60

Securities and Exchange Commission Software Review United Kingdom Affiliate 60

David Cohen

MARCH 30, 2020

In 2000, the Internet bubble burst. In 2001, the towers were hit. We raised a lifetime grand total of $100,000 for that business in the form of advance payment from early customers. In 1999, we sold that business and I started angel investing. By 2002 the NASDAQ had fallen by nearly 80%. Starting a tech company after this?

Founder 174

Founder Valuation Startup IP 174

Diego Basch

AUGUST 14, 2013

In 2000-2001 we were already working on blending different types of results at Inktomi. If you type an artist or a song title, you’ll probably see a video or two. Back in 2007 Google called this Universal Search , but the concept had been around for years. A mainstream search engine acts a bit like a very diligent psychic.

Search 61

Search Technical Review Finder Engineer 61

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. I am very grateful to my friend Zoli Erdos for finding this retro posting for me at web.archive.org. I had kept a personal blog for more than a year and was new at keeping a professional blog.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. August 1995 – March 2000: The Dot.Com Bubble. 2001 – 2010: Back to Basics: The Lean Startup. The world of building profitable startups ended in 1995.

Internet 334

Internet IPO Silicon Valley Agile 334

Both Sides of the Table

FEBRUARY 8, 2010

My chips were down in late 2000 / early 2001. They did the same with places like Envestnet (now a major success story), UGO Networks (bought by Hearst), Kyriba (left for dead in 2000 and now raising a major round of capital and growing at a fast clip) and countless others. My story briefly. I had 5 investors at the time.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

Feld Thoughts

JANUARY 11, 2021

From 1996 to 2001, I spent a lot of time with Len in New York, where Interliant was headquartered. I remember clearly a phone call on 12/1/2000 where Len called me from NYC. I learned how to complete a negotiation, walk away from the table, be empathetic, and be available.

SEC 164

SEC Cofounder Boston New York 164

finance.fortune.cnn.com

AUGUST 21, 2012

FORTUNE -- Its no secret that venture capitalists were hit hard by last decades dotcom bust, considering that median returns for 1998-2001 vintage funds are all underwater. The information is based on part of a confidential year-end 2011 investment report distributed to investors in a fund-of-funds that made commitments between 1999 and 2001.

Naming 49

Naming Term Sheet Private Equity Equity 49

Feld Thoughts

APRIL 8, 2015

A: After I became depressed for the second time, in my mid-30s — in 2001 just after Sept. The last three months of 2001 were awful for me after an 18-month stretch from the peak of the Internet bubble — spring 2000 through Sept. Q: When did you start to be so open about it? 11 through the end of the year.

San Francisco 70

San Francisco Startup New York City Denver 70

Feld Thoughts

AUGUST 5, 2011

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. 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.&#.

Stock 155

Stock Entrepreneur Chicago Finance 155

Feld Thoughts

DECEMBER 18, 2011

Pre Internet Bubble (1995 – 2000). The Internet Bubble (2001 – 2002). The table of contents, as of today, follows. The Boulder Entrepreneurial Community. Boulder As A Laboratory. Before the Internet (1970 to 1994). The Beginning of the Next Wave (2003 – 2011). Principals of a Sustainable Entrepreneurial Community.

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Community Silicon Valley Incubator Colorado 142

View from Seed

JANUARY 11, 2017

I was an early employee at PayPal and back in the 2000-2001 timeframe, and we ended up taking a fairly significant amount of strategic investment (tens of millions of $) from various banks in the US, Europe, and Asia.

Strategic Investors 120

Strategic Investors Post-Money Valuation Seed Stage Cofounder 120

500hats.com

AUGUST 2, 2012

While a flood of new VCs came into existence during the late 90’s internet boom, many had difficulty raising new funds after the crashes of 2000-2001 and 2008 , and as a result significantly fewer fund managers exist now compared to a decade ago. In the past ten years there have been several dramatic changes in venture capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

VC Cafe

OCTOBER 18, 2011

Moreover, mirroring the ever globalizing venture capital market, professor Dushnitsky finds that the fraction of CVC investments in US-based ventures declined from 88% (1991–2000)to 75% (2001–2009). Gary Dushnitsky is an Associate Professor of Strategy and Entrepreneurship at London Business School.

Venture Capital 87

Venture Capital Global Marketing Product 87

Feld Thoughts

JULY 28, 2014

Each of the SBIC funds were raised in the 2000 – 2002 time period. ” So, while Apple, Costco, and FedEx benefited, the PR would be more credible if the SBIC was trumpeting iconic companies created after 1990 or even 2000, especially where the lead investors (rather than follow on investors) had SBIC capital.

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SBIC Venture Capital Colorado SBA 142

Both Sides of the Table

MARCH 11, 2010

But there are also problems / risks: - the funding environment might change dramatically – there may never be a next round (see: March 2000, September 11, 2001 and September 2008). - .&# If it works you’re a hero. you may hit unexpected bumps in the road yourself making the next round tough.

Venture Capital 319

Venture Capital Startup Silicon Valley Warrant 319

Feld Thoughts

JULY 23, 2015

In the Internet bubble, while I kept this lesson in the back of my mind, I ended up suspending disbelief, like so many others, in 2000 and into the spring of 2001. You don’t have to look very far to see some remarkable companies that survived and transcended the Internet bubble collapsing in 2001.

Saudi Arabia 70

Saudi Arabia Dallas Coder Denmark 70