Feld Thoughts

JUNE 8, 2021

” As someone who has held private company stock in companies for longer than 20 years, been in many situations where there were no exit opportunities until suddenly there was an exit, I understand and am completely comfortable will illiquidity. I put a bunch of Exodus stock I’d gotten from the sale of a company into the fund.

Stock 172

Stock SEC Equity Matching 172

Both Sides of the Table

APRIL 20, 2011

Infonautics went public in 1996 and Half.com was sold to eBay in 2000. They chose the name First Round Capital because they thought capital would be deployed most efficiently at smaller seed stage rounds considering the cost to build an internet business had come down drastically. and Half.com. Investing Strategy.

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284

YoungUpstarts

DECEMBER 5, 2013

I wanted to find a way to vastly simplify loyalty programs, eliminating most if not all of the costs and making them much lighter to deploy and manage. Throw in some basic CRM processing and analytics, and merchants can get 90% of what loyalty programs provide, for a fraction of the cost. A new paradigm. Early results are exciting.

Programming 150

Programming Turkey Social Media Redemption 150

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. The stock market clearly values companies that can deliver disruptive innovation. Thank you for the kind introduction. I’d like to start with a request. Now look around.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

View from Seed

FEBRUARY 14, 2019

Our oceans are regularly overfished, nearly 90% of the world’s marine fish stocks are now fully exploited , overexploited or depleted. What I experienced in Afghanistan really stayed with me, and one of the things that I noted was that meat prices have been steadily climbing since about 2000. The cost doesn’t have to be monetary.

United States 120

United States San Francisco Afghanistan Seattle 120

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. But when it’s all over and they define the era of this mini run up in stock prices I suspect they’ll include 2011 in the “over valued&# category.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

The Startup Magazine

MARCH 18, 2020

It should be stated that the stocks have practically always been good assets to own because they have survived big crashes before like 1929, 2000 and 2008. But if you have the discipline to hang in there during downswings, or if you’re new to the market and see a dip as a buying opportunity, it usually pays off in the long-term.

Stock 116

Stock Portfolio Reputation Government 116

Feld Thoughts

JUNE 8, 2021

” As someone who has held private company stock in companies for longer than 20 years, been in many situations where there were no exit opportunities until suddenly there was an exit, I understand and am completely comfortable will illiquidity. I put a bunch of Exodus stock I’d gotten from the sale of a company into the fund.

Stock 70

Stock SEC Equity Matching 70

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 professor plotted data and showed us statistically that most people buy stocks when they are booming (e.g. While the company continues to perform well it has come at a cost. VC’s are not immune to this phenomenon.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

www.inc.com

SEPTEMBER 24, 2011

Why Arizona Bay started taking stock from its customers instead of cash. 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. The 2011 Top Lists. 500|5000 Conference. Honorees Resources. Apply. ); Topics >.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Ben's Blog

JUNE 18, 2011

Here is a telling statement from an analyst on Apple’s most recent quarter: Apple’s stock price to earnings ratio has dropped to 16.72. In the last bubble, the S&P hit 44x in January 2000. Firstly, the cost of running an internet application has fallen 100-fold. Ex-cash it’s 13.5. Today, there are over 2.1

Technical Review 76

Technical Review Software Review Valuation Internet 76

Startup Professionals Musings

JUNE 6, 2014

IPO market showed more activity than any other first quarter since 2000, with 64 companies raising $10.6 There are real ongoing costs of maintaining a public company. million in annual recurring costs as a result of being public. The costs of an aborted IPO are sizable, and may not be deferred to a later period or offering.

IPO 236

IPO Initial Public Offering Startup Small Business Administration 236

The Equity Kicker

SEPTEMBER 5, 2012

Here’s a definition of drop shipping from the Shopify blog : Drop shipping is a retail method in which you don’t keep products in stock. Instead, you partner with a wholesale supplier that stocks its own inventory – you transfer customer orders and shipment details to them, and they ship the goods directly to the customer.

Stock 104

Stock Acquisition eCommerce .Net 104

The Startup Magazine

NOVEMBER 26, 2021

Remember that when you work with less money, the cost per trade is bound to be high. On the other hand, you shouldn’t be in a hurry to increase your earnings from $1000 to $2000. If you are confused between stock and forex trading, then it’s better to try both options.

Forecast 129

Forecast Stock Management Marketing 129

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. That cost him accounting fees, legal fees, and time because the financing round couldnt close until the arrangements were formalized. Consult your lawyer for details.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Both Sides of the Table

MAY 23, 2012

There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

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. The cost of capital nor commercial insurance pricing improvements are enough to excite the public. Ironically, given the U.S.’s Public Good Concerns.

Private Equity 129

Private Equity New York City Chicago Investment Bankers 129

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. The world of building profitable startups ended in 1995. SecondMarket , SharesPost , etc.). Tools in the New Bubble.

Internet 334

Internet IPO Silicon Valley Agile 334

www.joelonsoftware.com

MARCH 24, 2010

Joel on Software Fog Creek Compensation by Joel Spolsky Wednesday, August 30, 2000 At Fog Creek Software, the way we make sure that people are paid fairly and rewarded for excellent work is based on a professional ladder. However, we will have: Cost of living adjustments for different markets. Fog Creek might not go public.

Software Review 48

Software Review Stock Options Salary Technical Review 48

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

.” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. invested, IPO’ed in 2000 for $32/share — stock price now $2. Support.com — On 2.5m

IPO 240

IPO Flash Bootstrapping Private Equity 240

Austin Startup

AUGUST 20, 2017

Between day one and your first confrontations with those issues, particularly if you’ve raised any outside capital, you will have formed a board and stocked it with people you can really get to work on your behalf. Can you acquire them at a sustainable cost? Are the logistics manageable? You’ve just got to listen.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Both Sides of the Table

JUNE 28, 2011

When I built my first company starting in 1999 it cost $2.5 million in team costs to code, launch, manage, market & sell our software. We paid 10% of the normal costs for the software and that money was for software support. A 90% disruption in cost spawns innovation – believe me.

Venture Capital 334

Venture Capital Software PHP Open Source 334

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. . It boggles the mind that Washington would enact new policies sure to prolong this (IPO) drought and strike at the heart of American innovation.”

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

abovethecrowd.com

JULY 10, 2014

As a result, most models are used as a rough guide to see if you are “in the ball park,” or to see if a particular stock is either wildly under-valued or over-valued. What Professor Damodaran thinks, or what anyone who is not a buyer or seller of stocks thinks, is fairly immaterial. So here is the objective of this post.

San Francisco 111

San Francisco San Jose Marketing Technical Review 111

ConversionXL

JUNE 5, 2014

In a 2000 study found 68% of customers stop doing business with a company due to feeling like the company was indifferent towards them. Figure, back in 2011 the Speciality Coffee Association of America found that the average 16 oz cup of coffee costs around $1.17 image source. I don’t know about you, but my local Starbucks charges $2.13

Retention 115

Retention Customer Developer Programming 115

ConversionXL

JUNE 5, 2014

In a 2000 study found 68% of customers stop doing business with a company due to feeling like the company was indifferent towards them. Figure, back in 2011 the Speciality Coffee Association of America found that the average 16 oz cup of coffee costs around $1.17 image source. I don’t know about you, but my local Starbucks charges $2.13

Retention 112

Retention Developer Customer Programming 112

ConversionXL

JUNE 5, 2014

In a 2000 study found 68% of customers stop doing business with a company due to feeling like the company was indifferent towards them. Figure, back in 2011 the Speciality Coffee Association of America found that the average 16 oz cup of coffee costs around $1.17 image source. I don’t know about you, but my local Starbucks charges $2.13

Retention 105

Retention Customer Developer Programming 105

ConversionXL

JUNE 5, 2014

In a 2000 study found 68% of customers stop doing business with a company due to feeling like the company was indifferent towards them. Figure, back in 2011 the Speciality Coffee Association of America found that the average 16 oz cup of coffee costs around $1.17 image source. I don’t know about you, but my local Starbucks charges $2.13

Retention 98

Retention Customer Developer Programming 98

David Teten

AUGUST 7, 2019

The second strategy is Value Investing , a strategy which “seeks to maximize returns by finding stocks that are undervalued by the market…Investors assess a stock’s intrinsic value…and compare that value with the stock price. Running your own analytics and sourcing process has real financial costs.

Venture Capital 60

Venture Capital Valuation Stock NDA 60

Feld Thoughts

FEBRUARY 9, 2016

Once again, as we find ourselves in the middle of a significant public market correction, especially around technology stocks, there’s an enormous amount of noise in the system, as there always is. Pragmatic cost cuts are always possible and often productive.” I learned this lesson 127 times between 2000 and 2005.

Cap Table 70

Cap Table Down Round Liquidation Preference Founder 70

The Startup Toolkit

JANUARY 17, 2017

If you’re acting by yourself, doing this wrong can only cost you some missed opportunities (although those can matter a lot). But if you allow your whole company to maintain a state of constant busyness, any unexpected interruption ripples through the organisation at great cost.

Technical Review 20

Technical Review Lean Founder Stock 20

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

Berkonomics

SEPTEMBER 27, 2018

I immediately agreed to come aboard at no cost to clean up the corporation, deferring my investment until that was done. We now jump forward to February 2000, 14 months after formation of the company. And there were other quite obvious problems, unattended to, along with the partner’s suit hanging over their heads.

Pre-Money Valuation 48

Pre-Money Valuation Sales Liquidity Event Valuation 48

thebarefootvc

AUGUST 31, 2018

In its annual report issued this week, the RBI also noted it is exploring the issuance of digital currency to save costs related printing paper money. Huobi, the world’s third-largest crypto exchange, acquired a public company ahead of what many think will be a reverse public listing on the Hong Kong stock exchange.

Silicon Valley 40

Silicon Valley Offshore Singapore India 40

finance.fortune.cnn.com

AUGUST 21, 2012

Overall, the portfolio value (including realizations) was being held at around 5% below cost. Accel Partners VII (2000): 122% (97%). ARCH Venture Fund V (2000): 41% (11%). Commonwealth Capital Ventures III (2000): 110% (56%). HIG Venture Partners (2000): 44% (22%). Insight Venture Partners IV (2000): 169% (119%).

Naming 49

Naming Term Sheet Private Equity Equity 49

This is going to be BIG.

NOVEMBER 7, 2011

Is 2012 going to be 2000 all over again? The difference between many of these companies and what we saw back in 1999 is that there are real revenues and revenue growth at many of these companies--and their costs are largely in people, which can always be trimmed down. When the bubble burst in 2000, many of us felt it in our pockets.

Angel Investor 104

Angel Investor Valuation Startup Revenue 104

YoungUpstarts

JUNE 24, 2012

Businesses will have to perform at maximum, avoiding mistakes at all costs before they happen. Many will prefer to use stock images. Some people may complain about the use of stock photography. Due to keeping things generic, some stock images may look false and popular subjects become overused. No banners, promotions etc.,

Social Media 231

Social Media Media Stock Clickthrough 231