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. Customer segmentation is essential , not just to identify where buyers pull back but also to “reveal products primarily purchased by people still willing to pay full price.

Marketing 121

Marketing Campaign Non-Compete Lean 121

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. Secondly, developers are more productive. Thirdly, the market is far bigger.

Technical Review 76

Technical Review Software Review Valuation Internet 76

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. In addition to FOMO it is partly driven by massive increase in valuations for earlier-stage companies who raised money at bit seed prices but who still have product risk.

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. The pricing problem – So an investor put $5 million at a $10 million pre-money valuation in a company with a great beta product but no real customers. It is no wonder why they had less time for new deals.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. There was no viral social networking products back then like Twitter where people could easily discover your content. We started building the product 18 months ago so we are in better shape than 99% of start-ups. Free product. I wasn’t feeling it.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

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

Ben's Blog

FEBRUARY 29, 2012

. “We would have won, but the other guys gave the deal away” – “The customer selected us technically and thinks we are the better company, but our competitor just gave the product away. The CEO, not wanting to believe that she’s losing product competitiveness, believes the Rep. You go into an account, you fight hard, and you lose.

Technical Review 78

Technical Review Churn Rate Engineer Employee 78

K9 Ventures

SEPTEMBER 8, 2015

Technical founders, or founders who are capable of building their own product, with at least one founder who is capable of leading and building the team. We grew it to just under 20 people and were acquired at the height of the bubble in 2000. New Technology or New Market, meaning no “me too” ideas.

San Francisco 48

San Francisco Early Stage Portfolio Software Engineering 48

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

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

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

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

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. Startups needed millions of dollars of funding just to get their first product out the door to customers. August 1995 – March 2000: The Dot.Com Bubble.

Internet 334

Internet IPO Silicon Valley Agile 334

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. A: Yes absolutely.

San Francisco 70

San Francisco Startup New York City Denver 70

VC Cafe

OCTOBER 18, 2011

In doing so, Teva joins a list of leading pharmaceuticals that increasingly shift their attention externally as a way to stimulate their product pipeline. Aaron Schwarz, a Teva veteran, and will seek investment in biotech companies. Gary Dushnitsky is an Associate Professor of Strategy and Entrepreneurship at London Business School.

Venture Capital 87

Venture Capital Global Marketing Product 87

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

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). - Google suddenly makes your product category free). - you may hit unexpected bumps in the road yourself making the next round tough.

Venture Capital 319

Venture Capital Startup Silicon Valley Warrant 319

Both Sides of the Table

SEPTEMBER 13, 2009

My Story: The public coming out for my first company, BuildOnline, was in early 2000. We had scrambled to get a product to market, built our first website, rapidly hired a technology team, raised our seed round of capital ($1.5 We started building 4 products so that our end-to-end, supply-chain services would be complete (MVP?

South Africa 310

South Africa Europe Disintermediation Poland 310

Feld Thoughts

JULY 23, 2015

In addition to getting paid $10 / hour (which quickly taught me that if I worked more hours, I got paid more money) I received a 5% royalty on gross sales of the two products I wrote (PC Log and PC Economics). In 1983 the oil business was booming and Petcom was growing quickly. I learned this lesson again, but in a more profound way.

Saudi Arabia 70

Saudi Arabia Dallas Coder Denmark 70

Babbling VC

DECEMBER 5, 2010

People are tougher to gauge but products aren't much easier. Without naming the name of the companies, I clearly made two investments convinced of the product and that people would love it. In the case of these two companies, I clearly picked the wrong product. We weren't talking to the real users of these products.

Technical Review 76

Technical Review Europe Portfolio Germany 76

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 product/service did not satisfy any need in the market.

Venture Capital 77

Venture Capital Cofounder Finance United States 77

Seeing Both Sides

AUGUST 3, 2012

But once the company has honed in on a strong value proposition and found initial product-market fit, what is the best approach to scaling it? 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. After all, scaling is hard. Really hard.

Distribution 49

Distribution Lean Massachusetts Cofounder 49

David Teten

MAY 16, 2011

Kupietzky held a variety of management roles in marketing, sales and product management at world-class technology companies: Digital Insight (Intuit), Loudcloud/Opsware (Hewlett-Packard) and Siebel Systems (Oracle). Mr. Geleerd has been a member of YPO since 2000. He began his career as a consultant with McKinsey & Co.

Naming 122

Naming Government Intellectual Property LLC 122

Both Sides of the Table

FEBRUARY 17, 2011

When you see evidence that there is this so called “product / market fit&# then you may be ready for larger amounts of capital. I think many entrepreneurs under-estimate the benefit that capital early helps in being able to produce product and differentiate yourself in a nascent marketplace. They evolve the product faster.

Pre-Money Valuation 303

Pre-Money Valuation Dilution Valuation PR 303

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. On July 27th, 2001 Accenture IPO’s and many of the partners grew fabulously wealthy. Don’t be psyched out by your competitors big financing round, latest product release or business development deal.

Turkey 302

Turkey Differentiation IP Technical Review 302

Ben's Blog

OCTOBER 29, 2020

Demand matters: IPOs are a bull market product Gauging demand for an IPO can be difficult, in part because so many IPO order books are over-subscribed. Once again, the 1999-2000 dot-com bubble period shows the highest percentage of pricing above the initial filing range – 44% of deals were priced above. What do the data tell us?

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

rapidrollout.wordpress.com

JANUARY 15, 2011

Though after the dotcom collapse of 2000-2001, there are many more than there were! We also can bring product and development resources on board to build out initial products and setup engineering systems. Why are consulting CTOs so scarce? And why would you hire a technology guy who launched a failed startup?

Fractional CTO 40

Fractional CTO CTO CTO Hire Fractional VPE 40

Up and Running

SEPTEMBER 4, 2014

The key difference is that, when running your own business, you control the product that you work on, and thus the work that you are doing. Imagine your work paying off by making your dream a reality, and attaching your name to the final product. Controlling your product means controlling your destiny. Bungie was risking a lot.

Small Business 103

Small Business Video Security Design 103

ReadWriteStart

APRIL 26, 2012

For a technology startup company to launch an initial product and survive long enough to gauge its success, requires two-orders-of-magnitude less money today than at the start of the previous decade. They all went away; they got rolled up in 1999 and 2000 into these too-big-to-fail banking operations," Davidson tells us.

IPO 115

IPO Stock San Francisco Lean 115

Software By Rob

DECEMBER 10, 2008

How much would an extra $1000 or $2000 per month help during that time? MicroISVs are a fantastic way to create recurring income that weathers tough economic times, especially if you have a niche product and you’re ruthless about automating everything.

Programming 30

Programming Technical Review Software Review RSS 30

Ben's Blog

MARCH 24, 2011

In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. The inflation-adjusted data from the last bubble tells the story: In the 3-year period from 1998-2000, venture capital firms raised more than $200 billion, which represented about 0.55% of the national GDP. Much better.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

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. As with any sales campaign you need to: Qualify your buyers early so you focus your scarce resources on people likely to buy your product. I get many Tweets directed at me that say, “come check out my product.”

Developer 366

Developer Silicon Valley PR Las Vegas 366

Both Sides of the Table

SEPTEMBER 2, 2009

In my first company I had to raise money in April 2001 or die. Coupled with my participating preferred from 1999 and 2000 I had more than $55 million of liquidation preferences. The company did well in 2006 as we delivered a phenomenal product that got much industry acclaim at conferences and with initial customers.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Reid Hoffman

MAY 16, 2020

It recognizes that forces that create chaos and confusion also upend deeply rooted habits and patterns of behavior — the status quo – that often block potential innovations and more productive ways of living. It had a fancier-sounding title: Product Manager. Now, with so much in flux, where do we go from here? Who flourishes?

Silicon Valley 69

Silicon Valley Internet Networking Salary 69

BeyondVC

NOVEMBER 5, 2003

Yes their desktop products acquired from Ximian and SuSE are immature and resemble a server trying to become a desktop OS. ” We did not get very far with that vision as the supply chain market dissolved along with the rest of the software industry in 2001.

XML 60

XML B2B .Net Acquisition 60

abovethecrowd.com

FEBRUARY 27, 2019

Smith identified that when men and women specialize their skills, and also importantly “trade” with one another, the end result is a rise in productivity and standard of living for everyone. In 2000, Eric Baker and Jeff Fluhr founded StubHub , a secondary ticket exchange marketplace. The company was acquired by ebay in January 2007.

Internet 88

Internet Matching Vertical Hosting 88

Both Sides of the Table

JANUARY 31, 2010

We raised a seed round of capital in 1999 and our first venture capital round was the first week of March 2000 (e.g. But this was early 2000 and our US competitors had already closed rounds North of $45 million. We had a $40 million round lined up to close in the Autumn of 2000. Our first big institutional round was $16.5

Entrepreneur 308

Entrepreneur Silicon Valley San Diego Non-Compete 308