Both Sides of the Table

APRIL 20, 2011

Infonautics went public in 1996 and Half.com was sold to eBay in 2000. The Exchange Fund – This allows the entrepreneurs to diversify their founders stock into other portfolio companies stock. Twitter wanted to raise money for this new venture at a pre-money valuation which was quite a bit higher than First Round’s $10 million limit.

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284

OnlyOnce

OCTOBER 31, 2013

Fred Wilson has been a venture investor and director in Return Path since 2000, first with Flatiron Partners and then with Union Square Ventures. Here are a few tips for ending up with the best long-term partner as an investor. Similarly, I’d always sacrifice valuation for a clean security. Selecting Your Investors.

Valuation 133

Valuation Term Sheet B2C Security 133

Steve Blank

SEPTEMBER 14, 2009

One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. There’s lots of lore, emotion, and misconceptions of what VC’s do or don’t do for entrepreneurs. Each VC firm/partner has a different spin on what to weigh more.) What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Agile VC

MAY 26, 2011

Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. I also joke with Reid Hoffman that this was back in the days before he was “Reid” Reid’s an incredible entrepreneur, startup investor, and human being. It was a pretty good valuation for the time. It was a $4.7M

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

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. I like the guy because he’s credited with coining the word entrepreneur. Look at the valuations of companies like Tesla, Illumina, and Twitter. Now look around.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

JULY 15, 2010

The Golden Age for Entrepreneurs and VC’s. The two decades from 1979 when pension funds fueled the expansion of venture capital to 2000 when the dot-com bubble burst were the Golden Age for entrepreneurs and venture capital firms. During the decade between 1991 and 2000, nearly 2000 venture backed companies went public.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Startup Professionals Musings

DECEMBER 27, 2014

Institutional venture capital dispensed thus far in 2014 has been up significantly over the last few years, but is still less than half of the peak hit way back in the year 2000 (over $100 billion). They have too many highly paid partners, fat fees, an aging corporate infrastructure and difficulty raising money from institutions.

Angel Investor 260

Angel Investor Silicon Valley Startup Portfolio 260

Both Sides of the Table

JULY 27, 2014

We both agree that the later-stage valuations are being driven up to a point that feels irrationally priced [he uses b-round SaaS valuations as an example and I am willing to be even more broad based]. Video 1 is here : Late stage valuations are in a mini bubble. This can’t all be driven by increased company performance).

Valuation 309

Valuation Pre-Money Valuation Later Stage Non-Compete 309

Both Sides of the Table

JANUARY 31, 2011

One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. On Being an Entrepreneur.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

David Teten

SEPTEMBER 16, 2014

Angel investors are generally former entrepreneurs and/or executives, who invest in privately-held, early-stage companies. Villalobos & Payne: “Startup Pre-Money Valuation: The Keystone to Return on Investment” 117. Lastly, angels want to serve as mentors to the next generation of entrepreneurs. approx 2004-09.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

Ben's Blog

MAY 24, 2021

Editor’s Note: This testimony was delivered by a16z managing partner Scott Kupor to the U.S. By way of background, I am the Managing Partner for Andreessen Horowitz, a $16.5 In fact, if you exclude the Dot Com Bubble of 1999-2000, they have been steady for nearly thirty years. 1999-2000 51.6% IPO market. 1990-1998 13.3%

SEC 36

SEC Accredited Investor IPO Technical Review 36

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. Rise of Y Combinator, 1st Branded Entrepreneur Guild. and no, we didn’t.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

www.inc.com

SEPTEMBER 24, 2011

Entrepreneur news from reporter Eric Markowitz. Jumpstart was one of Grahams first clients; it signed on shortly after he founded Arizona Bay, in 2000. In the past few years, hundreds of small companies have been snatched up by private equity firms willing to agree to ever-rising valuations. Finance | Tuesdays. Tools & Research.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Both Sides of the Table

FEBRUARY 14, 2016

I’d like to explain as best I can my opinion on what is going on because most of what I hear from entrepreneurs is not only wrong but is reminiscent of what I heard in 1997-2000. ” “This will be great for VCs and bad for entrepreneurs.” Do Investors WANT Valuations to Drop? All of these are false.

Valuation 150

Valuation Down Round Startup Later Stage 150

Startup Professionals Musings

OCTOBER 17, 2016

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Assuming 60 companies are accepted in a specific batch, that would mean around 2000 companies applied. That’s about the same ratio that Angel investors claim.

Incubator 120

Incubator Silicon Valley Startup Small Business Administration 120

Both Sides of the Table

JANUARY 22, 2011

One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. On Being an Entrepreneur.

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

Berkonomics

SEPTEMBER 27, 2018

I’ve been offered $15 million for my company and my partner is suing me for all I am worth. And yes, his partner had a valid suit, having been locked out of the web-design business and denied access to decisions and accounting information. million at a valuation of $80 million. What can I do?”. Of course, we took all of these.

Pre-Money Valuation 48

Pre-Money Valuation Sales Liquidity Event Valuation 48

The Equity Kicker

AUGUST 25, 2015

On the one hand you have the ‘entrepreneurs should just do their thing and not pay attention to the markets’ folk and then on the other hand there are plenty of observers saying that a bubble has burst. I saw that in 2000 and then again in 2008. There’s a lot of contradictory advice out there at the moment.

Valuation 60

Valuation Startup Stock Portfolio 60

www.inc.com

SEPTEMBER 24, 2011

Entrepreneur news from reporter Eric Markowitz. These days, start-up entrepreneurs like Parker do sometimes use equity not only to motivate key employees but also to help pay for consulting and other services. Durkin , managing partner with the Boston -based law firm Lucash, Gesmer & Updegrove LLP. Copyright © 2000 inc.com.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

The Equity Kicker

JULY 8, 2019

From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. . This trend accelerated through the emergence of VC and operator blogging in the early 2000s. .

Portfolio 84

Portfolio LP Venture Capital Partner 84

This is going to be BIG.

NOVEMBER 7, 2011

Every investor and entrepreneur knows there is something scary about the current startup economy. More entrepreneurs get to try out their ideas with smaller amounts of capital, but the bar remains the same to get to the bigger rounds. Is 2012 going to be 2000 all over again? Valuations. Are their valuations justified?

Angel Investor 104

Angel Investor Valuation Startup Revenue 104

David Teten

AUGUST 7, 2019

Likely signs of a Momentum investment: the round is oversubscribed and the entrepreneur has more negotiating leverage than VCs during the closing process. . than comparable companies in the same sector that raised at a higher valuation. THEREFORE: we don’t need to be valuation-sensitive. LTV / CAC, revenue growth, etc.)

Venture Capital 60

Venture Capital Valuation Stock NDA 60

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. Philippe Botteri Accel Partners London, UK My Bio.

Software Review 48

Software Review Technical Review Valuation Portfolio 48

Agile VC

NOVEMBER 13, 2012

Sarah also points to the vast global wealth that has to get allocated somewhere as well as a small bump in long term average returns, now that the generally terrible performance of funds from the 2000-2002 time frame (after the tech bubble of the late 90s crashed) no longer factor in to 10 year returns.

LP 154

LP Portfolio Venture Capital IRR 154

Cracking the Code

OCTOBER 13, 2020

We’d like to thank KeyBank and G2 for providing some of the data used in the report - * It’s an amazing time to be a cloud entrepreneur in Europe. Cloud Entrepreneurs: Embracing the “Silicon Valley State of Mind" Accel has been a big believer in cloud since the early days of this secular shift. Big milestones for the old continent!

Europe 71

Europe Cloud Silicon Valley 71

Berkonomics

SEPTEMBER 17, 2011

I’ve been offered $15 million for my company and my partner is suing me for all I am worth. And yes, the partner had a valid suit, having been locked out of the business and denied access to decisions and accounting information. Within three months, we easily obtained $3 million of investment at a pre-money valuation of $30 million.

Liquidity Event 59

Liquidity Event Pre-Money Valuation Sales Valuation 59

Both Sides of the Table

DECEMBER 5, 2010

MySpace would liked to have owned YouTube but didn’t have the public stock valuation to purchase them at the price that Google did. It was obviously a scheme set up by young entrepreneurs to line their pockets and some big-company executives who didn’t understand innovation. Google acquired YouTube for $1.65

Social Network 318

Social Network Networking Internet Technical Review 318

David Teten

NOVEMBER 15, 2013

Each new investor tends to raise valuations and lower returns for all the other competitive investors. In the asset management industry, the norm is that the General Partner puts in 1-2% of the total assets under management. However, the asset management industry collectively plays a near-zero-sum game. Photo credit: JD Hancock.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

techcrunch.com

OCTOBER 13, 2012

He is on the board of the Angel Resource Institute, and is a partner with Montlake Capital (a late stage growth capital fund) and with Revenue Capital Management (a royalty based lender). It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. So which is it? They are different than formal VCs.

Angel Investor 103

Angel Investor Venture Capital Seed Stage Silicon Valley 103

Startup Lessons Learned

JUNE 12, 2020

No better time than now to be an entrepreneur. All of our major institutions are being tested like never before, but as big as they are, as established as they are, as old as they are, remember they were built once by people, by entrepreneurs who brought that vision to reality. This is the moment for entrepreneurs.

Silicon Valley 113

Silicon Valley Design Hiring Government 113

Altgate

MARCH 8, 2009

I say ecosystem as opposed to industry because it is not just the VC funds themselves that are imploding, instead the collapse includes entrepreneurs and startups that were funded by VCs, angel investors, service providers like lawyers, bankers and accountants as well as limited partner investors in VC funds. So what to do?

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34

www.paulgraham.com

APRIL 28, 2010

A startup with a couple founders in their early twenties can haveexpenses so low that they could be profitable onas little as $2000 per month. You may be a great entrepreneur, working on interesting stuff, etc. That helpsbreak deadlocks, because you can start as soon as the first oneis ready to buy. [ Be independent.

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77