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). But most importantly I lectured founders that you can’t avoid the admin of setting up your ESOP. I explain in the video what happened in my first company (e.g. I eventually needed more money. Do it early.

Venture Capital 282

Venture Capital Term Sheet Valuation Stock Options 282

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

Both Sides of the Table

JUNE 22, 2011

I recently spoke at the Founder Showcase at the request of Adeo Ressi. 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. I said that at the Founder Showcase, too. some founders lose their life savings.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

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.

Internet 162

Internet Revenue .Net Operations 162

K9 Ventures

SEPTEMBER 8, 2015

Manu Kumar is Founder and Chief Firestarter at K9 Ventures. Kumar was the Founder, President and CEO of SneakerLabs, a company which developed software and services for web-based customer interaction. We grew it to just under 20 people and were acquired at the height of the bubble in 2000.

San Francisco 48

San Francisco Early Stage Portfolio Software Engineering 48

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.

New Mexico 129

New Mexico Albuquerque Mexico Egypt 129

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

Feld Thoughts

AUGUST 14, 2018

I spent the weekend with a friend from the last 1990s who was the lead banker on the Interliant IPO (I was a co-founder and co-chairman.) My foundational moment, where I really learned the lesson, happened during the collapse of the Internet bubble in 2000 and 2001. My first moment with this was Black Monday in 1987.

Prospectus 80

Prospectus IPO Cofounder Internet 80

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 The defining moment for VisionSpring was when Founder Jordan Kassalow went on a volunteer mission to Mexico at age 23.

Jordan 77

Jordan Bangladesh India Mexico 77

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 The defining moment for VisionSpring was when Founder Jordan Kassalow went on a volunteer mission to Mexico at age 23.

Jordan 62

Jordan Bangladesh India Mexico 62

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. No doubt they spent countless hours arguing for reduced burn rates sometimes with founders, sometimes with investors.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

The Startup Magazine

JULY 4, 2017

Before the online wave took over, the founders were only popular to a small group of players that had the interest in gaming. 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. The individuals just had a vision, and they decided to go along with it.

Securities and Exchange Commission 60

Securities and Exchange Commission Software Review United Kingdom Affiliate 60

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

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

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. Another called Parker Harris, the co-founder and CTO. 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

Both Sides of the Table

FEBRUARY 8, 2010

when you missed your targets, when your co-founder quit, when the competition chose your competitor or when the other investors around the table lost confidence? My chips were down in late 2000 / early 2001. You’d be surprised how many ex-founders and ex-CEO’s you can find this way. When the world was ending?

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

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

Feld Thoughts

JANUARY 11, 2021

We then co-founded Sage Networks (which changed its name to Interliant) with Raj Bhargava (NetGenesis co-founder) and Steve Maggs (whose company was also acquired by AmeriData.) From 1996 to 2001, I spent a lot of time with Len in New York, where Interliant was headquartered.

SEC 164

SEC Cofounder Boston New York 164

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. We recently led a large seed round for an autonomous vehicle company called Optimus Ride.

Strategic Investors 120

Strategic Investors Post-Money Valuation Seed Stage Cofounder 120

Both Sides of the Table

SEPTEMBER 2, 2009

If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table. Founders however are asked to take low salaries and never really get back the time they worked for free.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

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

JULY 23, 2015

We had grown from three people (the two founder + me) when I started to over 20 people. The company shrunk back down to the two founders who then started the first CD music store in Dallas, repurposing their software for the CD business, just like David P. In the summer of 1985, I was working full time at Petcom.

Saudi Arabia 70

Saudi Arabia Dallas Coder Denmark 70

rapidrollout.wordpress.com

JANUARY 15, 2011

Who Uses a Consulting CTO I’m going to focus on the needs of the founders of startup companies: Founders of startups use a consulting CTO when they have business vision but limited knowledge of the technology needed to launch their company. Though after the dotcom collapse of 2000-2001, there are many more than there were!

Fractional CTO 40

Fractional CTO CTO CTO Hire Fractional VPE 40

Brandanew

SEPTEMBER 28, 2015

Most recently, I met up with one of the founders of the Arbor Brewing company, Rene Greff. There was another downward slump in early 2000 but again growth started back in mid 2000s. Our microbrewery began in 2001. There are very many local and small businesses that lace the downtown.

Michigan 100

Michigan United States India Ohio 100

ReadWriteStart

NOVEMBER 5, 2019

The data says otherwise) it was indicated that, according to global investment firm Cambridge Associates, the failure rate for startups has not exceeded 60 % since 2001, based on the monitoring of venture capital investments of 27,259 startups between 1990 and 2010. The disagreement between founders, teams, and investors. Losing focus.

Venture Capital 77

Venture Capital Cofounder Finance Seed Capital 77

Seeing Both Sides

AUGUST 3, 2012

With over $1 billion in revenue, 2000 employees and a market capitalization of over $6 billion, Akamai has become a role model for scalable start-ups. But the second year (2000) was simply astounding: nearly $90 million! Despite the Internet bubble bursting, the company was able to generate over $160 million in revenue in 2001.

Distribution 49

Distribution Lean Massachusetts Cofounder 49

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. For example FRC launched a founders equity exchange fund and various programmatic forms of knowledge sharing like list serves, CEO summits, conferences, etc.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

Both Sides of the Table

SEPTEMBER 13, 2009

My Story: The public coming out for my first company, BuildOnline, was in early 2000. I sat next to Irwin Jacobs (founder of Qualcomm) on a bus ride. 2001-2004 were very humbling but we built a real company. Fame and adoration corrupts first timers. And if you’re not careful you might start to believe your own hype.

South Africa 310

South Africa Europe Disintermediation eCommerce 310

Ben's Blog

JULY 16, 2013

3/31/2000: 73.4. 3/30/2001: 26.3. In June of 2000, I raised money at an $820M post-money valuation. Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. One would be wrong: 3/31/1995: 21.0. 3/29/1996: 22.3. 3/31/1997: 23.3. 3/31/1998: 30.8. 3/31/1999: 49.7. 3/29/2002: 82.5.

Down Round 78

Down Round Marketing Preferred Stock Post-Money Valuation 78

Altgate

APRIL 28, 2012

—————————————– I’ve been collecting data about startups and compensation since 2001. Since 2000, I’ve been collecting information about startups, including how much founders, their lieutenants, and their employees get paid. Myth number 2.

Silicon Valley 50

Silicon Valley Vesting New York City Equity 50

www.noamwasserman.com

MARCH 26, 2012

I’ve been collecting data about startups and compensation since 2001. Since 2000, I’ve been collecting information about startups, including how much founders, their lieutenants, and their employees get paid. The big difference is in equity: Startup CEOs who are not founders get 6.2 times more in cash compensation.

Silicon Valley 40

Silicon Valley Vesting New York City Equity 40

online.wsj.com

JULY 11, 2012

Andreessen Horowitz is telling entrepreneurs it prefers situations where the founders have controlling stakes, reckoning that theyll be better able to resist outside distraction and focus on making great products. One of its champions includes Jason Goldberg, the co-founder and CEO of online design retailer Fab.com Inc., Stock Quotes.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

Ben's Blog

JULY 16, 2013

3/31/2000: 73.4 3/30/2001: 26.3 In June of 2000, I raised money at an $820M post-money valuation. Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. One would be wrong: 3/31/1995: 21.0 3/29/1996: 22.3 3/31/1997: 23.3 3/31/1998: 30.8 3/31/1999: 49.7 3/29/2002: 82.5

Marketing 46

Marketing Preferred Stock Post-Money Valuation Down Round 46

Software By Rob

DECEMBER 10, 2008

How much would an extra $1000 or $2000 per month help during that time? Back in 2001 I worked with a consultant who was a developer when times were really good, and a trainer when times were really bad. Im a serial web entrepreneur here to share what Ive learned in my 11 years as a self-funded startup founder. The average U.S.

Programming 30

Programming Technical Review Software Review RSS 30

Both Sides of the Table

FEBRUARY 25, 2010

My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. We moved into the legal process and final due diligence in January and February of 2000. Our final closure was the first week of March 2000. I lived through this again September 2001.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Both Sides of the Table

JANUARY 16, 2012

I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. You need to build genuine relationships with these portfolio startup founders as well as trust with them and the rest will follow. It’s just a part of your ongoing activities as a founder.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Reid Hoffman

MAY 16, 2020

To put everything I’d learned through my SocialNet experience into another shot on goal as a founder. Then, in 2000, after five crazy years where founders could attract millions in venture capital based on little more than a good URL, the dot-com bubble burst. Initially, my thought was to start another company.

Silicon Valley 69

Silicon Valley Internet Networking Salary 69