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. I was too inexperienced in 2000 to understand this.

Internet 162

Internet Revenue .Net Operations 162

Berkonomics

NOVEMBER 19, 2020

Since in most cases, there was no revenue in many of these companies, all trying to gain market share at any cost, we had to invent the metric to use. Remembering the insanity before 2000. But, when the bubble burst in 2000, most of us quickly grew up. Revenue experiments (and failures).

Revenue 118

Revenue Metrics Advertising Internet 118

YoungUpstarts

DECEMBER 5, 2013

Of course incumbents cannot be expected to jeopardize their revenue streams or investments in CRM platforms with new concepts that wipe out the need for their current solutions. Too much was at stake, we couldn’t afford the risk of destabilizing everything and losing substantial revenue. A new paradigm. Early results are exciting.

Programming 150

Programming Turkey Social Media Redemption 150

Both Sides of the Table

FEBRUARY 17, 2010

I was living in Europe in 2000 when the first WAP phones (Wireless Access Protocol) were introduced. They therefore have large cost bases and have to pass on those costs to you. - But the trade-off in terms of flexibility and costs were enormous. Apple wants to take a major share of the revenue.

Flash 326

Flash Mobile Application Development Cloud 326

Hearpreneur

NOVEMBER 19, 2021

These businesses were helping people straighten their teeth at a much lower cost and with less pain than traditional alternatives such as braces. If manufacturers can increase productivity , they can produce more without increasing costs, then they are more globally competitive. Photo Credit: Alex Dask. Why did you start your business?

Entrepreneur 144

Entrepreneur Software Review LLC Web Development 144

A Smart Bear: Startups and Marketing for Geeks

APRIL 12, 2010

billion market cap), mid-sized (NetBotz with millions in revenue and funding), and small (sub-$1m operations like us). They were the disruptors, but they didn't profit from the disruption. Disruptive technology often comes from research groups commissioned to produce innovative ideas but unable to capitalize on them.

Technical Review 243

Technical Review Software Review Engineer Search 243

Steve Blank

MARCH 31, 2014

I’m honored to be at a university noted for knowledge, and in a city with 2000 years of history – home of Gaudí one of the 20 th century’s greatest innovators. In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. Thank you for the kind introduction.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Occam's Razor

MAY 2, 2017

The very best analysts are comfortable operating with ambiguity and incompleteness, while all others chase perfection in implementation / processing / reports. Outcomes: Revenue | Ideas Funded Behavior: Path Length | Cart Abandonment Rate Acquisition: Assisted Conversions | Share of Search. We have to really get good at this.

Metrics 141

Metrics Acquisition eCommerce Analytics 141

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. Huge downturns have a real impact on the revenue line of start-ups and therefore the pressure on valuations. While the company continues to perform well it has come at a cost. I argued for literally a year to slash burn.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Berkonomics

APRIL 9, 2020

And these are indeed strange times, especially if you haven’t lived through 2000-2002 and 2007-2008 recessions and difficulty in finding money from banks and investors. A shocking example of operations affecting cash control. Have you considered how to make your operation more efficient as an important way to increase cash flow?

Differentiation 62

Differentiation Revenue Cost Operations 62

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. Ah, but today’s Internet companies have real revenue! I believe a bubble occurs when a market is willing to pay greater than intrinsic value for an asset class.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Ben's Blog

JUNE 18, 2011

If we are in a bubble, that is a bit of an odd commentary for a company that grew revenues 83% year-over-year and grew earnings 93% year-over-year. In the last bubble, the S&P hit 44x in January 2000. Firstly, the cost of running an internet application has fallen 100-fold. —Horace Dediu, Asymco. Today, there are over 2.1

Technical Review 76

Technical Review Software Review Valuation Internet 76

abovethecrowd.com

FEBRUARY 27, 2019

Unfortunately, either information asymmetry or physical distances and the resulting distribution costs can both cut against the economic advantages that would otherwise arise for all. In 2000, Eric Baker and Jeff Fluhr founded StubHub , a secondary ticket exchange marketplace. billion of GSV (gross services revenue) across 2.0

Internet 88

Internet Matching Vertical Hosting 88

abovethecrowd.com

OCTOBER 1, 2013

Over 13 years ago, in March of 2000, I wrote a blog post titled “ The Most Powerful Internet Metric of All. ” As a result, AdWords boasts over one million customers and over $30B in annual revenue. In this case we used $1mm/year cost for the smaller companies, and up to $10mm/year for Priceline.

Metrics 93

Metrics Conversion Internet Acquisition 93

Seeing Both Sides

AUGUST 16, 2012

Last week, I wrote about Akamai , a company with strong network effects that successfully transitioned from a single product to build a platform that garners over a billion dollars in revenue and is now a core part of the Internet’s fabric. Big Data meets travel…in 2000. Magical, really. TripAdvisor’s History: Two Big Pivots.

Part-Time VPE 54

Part-Time VPE Software Review Costa Rica Technical Review 54

Seeing Both Sides

JULY 11, 2013

Typically you want to see a 3x ratio between the contribution margin per rep (factoring in the lifetime value of the customer, or LTV) and the cost per rep to acquire that customer, fully loaded (i.e., customer acquisition cost or CAC). To that point, a well-run telesales operation will be super metrics-driven.

Sales 50

Sales Technical Review Software Review B2B 50

Up and Running

MAY 16, 2016

percent in 2000 to 19.6 There are also societal and political factors at play including a growing acceptance among physicians of the practice of home care, as well as pressure to alleviate the demands placed on hospitals and an overall desire to find cost efficiencies in the health care system. “In percent by 2030.

North America 95

North America United States Technical Review America 95

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. VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter.

Internet 334

Internet IPO Silicon Valley Agile 334

The Startup Magazine

FEBRUARY 6, 2020

s form of no-holds-barred capitalism, our financial markets were slow to adopt the idea, with the trend really only taking hold during the heady securitization period of the mid-2000’ s. Private Equity sees infrastructure investing as uncorrelated diversification and has the additional upside of correcting any operational inefficiencies.

Private Equity 129

Private Equity New York City Chicago Investment Bankers 129

ConversionXL

MAY 16, 2018

Better examples of a falsifiable hypothesis might be: I believe my shoe business is losing money because our sneakers are priced too high and by reducing the cost we will increase sales by at least 50%. By reducing the cost of our sneakers, sales will not increase by at least 50%. Common examples are Revenue and Conversions.

Marketing 133

Marketing Metrics Programming Design 133

ConversionXL

OCTOBER 6, 2016

Put it this way: if you’re operating on the basis of making decisions at 95% significance, there is a 5% probability of a type 1 error (“alpha error,” or a false positive). All told, that’s 2 x 50 x 20 = 2000 segments. x 2000 = 100 statistically significant results purely by chance.

Bandwidth 111

Bandwidth Conversion Nebraska Kentucky 111

www.inc.com

SEPTEMBER 24, 2011

Office and Operations. Jumpstart was one of Grahams first clients; it signed on shortly after he founded Arizona Bay, in 2000. Theres a huge opportunity cost in not taking equity," he says. And his vendors ended up with nothing when his company, OpenAuto.com , went out of business, in 2000. Naming a Business. Franchises.

Arizona 40

Arizona Equity Iowa Venture Capital 40

gigaom.com

JULY 10, 2012

AT&T promised in April to open Watson up to general development, but on Monday AT&T SVP for technology and network operations John Donovan made the launch official in a blog post , revealing seven different “contexts,” or language libraries, that app builders can access to speechify their products. Sign up for a free trial.

API 50

API Technical Review Artificial Inteligence RSS 50

YoungUpstarts

MAY 7, 2019

Reach $125 billion in sales by 2000.” billion in revenue, with a total revenue of $136.3 I realized we were really taking off once we opened operations in the New York City and Long Island markets. But a BHAG shouldn’t focus solely on revenue or growth. In 2018, Walmart had $500.3 If BHAGs sound scary, they should!

Connecticut 180

Connecticut New York City New York Australia 180

Start Up Blog

AUGUST 10, 2023

The market size is over $US10 billion globally in revenue. The entire mating process and the business models which have underpinned it have changed more radically in the past 20 years than they did in the previous 2000 years. We now expected that people in a relationships met online. To get started is mostly free.

Mauritius 62

Mauritius Artificial Inteligence Indonesia Generative AI 62

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

invested, IPO’ed in 2000 for $32/share — stock price now $2. After I sold Smart Bear, that division has increased revenue and profit every year, for five years, even through the 2008/2009 economic disaster. Freeloader — On $3m invested, sold for $38m in 1996 — shut down in 1997. Support.com — On 2.5m

IPO 240

IPO Flash Bootstrapping Private Equity 240

Transformify

JANUARY 4, 2024

IR35, or the off-payroll working regulations, is a policy that His Majesty's Revenue and Customs (HMRC) implemented in the United Kingdom. It was first established by the UK government in 2000. Becoming an "inside IR35" contractor can also have an operational impact on their personal company. What is IR35?

United Kingdom 52

United Kingdom Operations Reputation Government 52

Feld Thoughts

JULY 29, 2014

Amazon turned in slightly declining quarter-over-quarter revenue on AWS, although significant year-over-year quarterly growth, as explained in Sign of stress or just business as usual? ” Could Amazon’s nature be catching up with it, or is it just operating in a more competitive market? AWS sales are off slightly.

Cloud 176

Cloud Partner Hosting Cost 176

Startup Lessons Learned

MAY 25, 2020

13:58) Advice for companies who think it's too late to start looking for new ways to operate, including some examples from Austin, Texas. (15:55) I think about this in customers and protecting your employees and customers, always protect your P&L, your revenue. Highlights from the show: Carl details his background and experience.

Technical Review 148

Technical Review Balance Sheet Texas Austin 148

Austin Startup

AUGUST 20, 2017

Your business works as intended if you can attract customers that fit into the context of your operation. Can you acquire them at a sustainable cost? Is there a development step that you must take to fulfill demand for a particular use case, and, if so, how does that cost get absorbed? Are the logistics manageable?

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Berkonomics

FEBRUARY 13, 2014

Since in most cases, there was no revenue in many of these companies, all trying to gain market share at any cost, we had to invent the metric to use. But, when the bubble burst in 2000, most of us quickly grew up. Great revenue projections from a small user base lead to worries over sustainability.

Metrics 83

Metrics Revenue Advertising Internet 83

Hearpreneur

SEPTEMBER 15, 2017

Since founding my business in 1981 as a typing and editing service, I’ve operated under many names/websites. For this work, I operate under the name Going Beyond Sustainability. And like the LITERATI, professionals we work with are educated on how to market their business in order to increase revenue opportunities.

Naming 95

Naming Entrepreneur Green LLC 95

Startup Lessons Learned

AUGUST 17, 2020

They were providing low-cost healthy meals for schools across the country and, before the crisis, were delivering two million federally reimbursable school and community meals per week nationwide. Kristin Richmond and Kirsten Tobey have been working on fixing the problems with school food for more than a decade. Rev Foods rapidly scaled up.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

www.usatoday.com

JULY 16, 2012

The dot-com boom of early 2000 saw a proliferation of similar anything-at-your-service start-ups. Struggling to manage costs, the start-up closed shop as quickly as it opened. Others, such as Loosecubes, are looking for a more consistent stream of revenue by switching to a subscription-based model. Thats real money."

San Francisco 105

San Francisco Technical Review Zimbabwe New York City 105

Berkonomics

NOVEMBER 21, 2013

The days of being able to trust that there will be an investor or lender on the other end of a call or email whenever needed ended with the 2000 and 2008 bursts of those respective bubbles. Business plans that I see often show three to five years of projections, demonstrating profitability at the end of so many months of operation.

Later Stage 83

Later Stage Early Stage Email Revenue 83

Cracking the Code

NOVEMBER 13, 2008

The fact that SaaS valuations are being more affected by the downturn than the Nasdaq can be surprising given the supposed resiliency of the SaaS model (recurring revenues) but it translates the public investors belief that SMB software spend is going to be hit very hard by this recession. With this decline, the average EV/08 rev.

Software Review 48

Software Review Technical Review Valuation Portfolio 48

Duct Tape Marketing

OCTOBER 17, 2018

You can get big-time, modern, virtual phone functionality at a fraction of the cost. He is the president and founder of Revenue & Associates and the creator of The bullseye marketing framework and we’re going to talk about a book built on that called Bullseye Marketing: How to Grow Your Business Faster. Louis Gudema: Yeah.

Marketing 56

Marketing Social Media Analytics Software 56