Version One Ventures

OCTOBER 15, 2020

Up until late August, Lightning Labs had capped the channel capacity and payment size for users of their popular implementation of the network to ~$2000 USD and ~$500 respectively to better protect user funds with experimental software. . Use Case I: Payments and Finance . 1) Generalizable Payments . Conclusion: .

Networking 168

Networking Global OTC Security 168

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

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. This came in part due to the huge influx of money into VC but also because hedge funds and private equity shops with no VC experience wanted part of the action. disclosure: I am thankfully no longer on this board).

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

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. trillion, it is by far the largest of its sort in the world and financed projects that in other settings may not have passed investment criteria screens. [3].

Private Equity 129

Private Equity New York City Chicago Investment Bankers 129

K9 Ventures

SEPTEMBER 8, 2015

Another company which is going to have widespread impact is eShares, eShares is going to change the way the private companies manage their equity. We grew it to just under 20 people and were acquired at the height of the bubble in 2000. VN : What do you look for in companies that you put money in?

San Francisco 48

San Francisco Early Stage Portfolio Software Engineering 48

Steve Blank

SEPTEMBER 14, 2009

3) invest in and take equity stakes in exchange for capital. The IPO Bubble – August 1995 – March 2000 In August 1995 Netscape went public, and the world of start ups turned upside down. Yahoo would hit $104/share in March 2000 with a market cap of $104 billion.) 4) help nurture and grow the companies they invest in.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

David Teten

NOVEMBER 15, 2013

Asset management also shows the traditional earmarks of an industry ripe for disruption — most obviously, unhappy customers and extremely profitable incumbents. Despite this, it’s hard to think of good examples of disruption to asset management in the classic, Clay Christensen sense.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

500hats.com

AUGUST 2, 2012

Or, as my friend Marc Andreessen might say, Software Eats the Private Equity World. 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.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

www.huffingtonpost.com

MAY 10, 2011

I liked Yishan too (he has an incredible balance of technical acumen, managerial talent and emotional intelligence), felt that he would have the time to help me, and persuaded him to take on a 3-month part-time assignment to advise me on building our engineering team, in exchange for equity. Culture - a fun, collegial work atmosphere.

CTO 43

CTO CTO Hire PHP Cofounder 43

David Teten

NOVEMBER 30, 2020

I also suggest look at the UAE-Israel Technology & Finance Community/Mailing List. Amelia Investments – “Amelia Investments is a private equity fund creating economic opportunities throughout the Middle East region. Siraj Fund Management Company (SFMC) is the first Palestinian private equity fund manager.

UAE 60

UAE United Arab Emirates Technology 60

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. . All the while the best VCs continue to look for ways to leverage their talents. . And what’s holding it back?

Portfolio 84

Portfolio LP Venture Capital Partner 84

Austin Startup

AUGUST 20, 2017

They’re looking to be paid properly in the context of the overall salary structure, including cash, benefits, and equity, and to be paid commensurate with performance. Messy cap tables can come back to haunt you when you do a financing or sell the company. Are the logistics manageable? Can you acquire them at a sustainable cost?

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY.

Private Equity 68

Private Equity Merger IPO Equity 68

finance.fortune.cnn.com

AUGUST 21, 2012

Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. Now Fortune has obtained more granular data, including returns for dotcom-era funds managed by such firms as Accel Partners, Benchmark Capital, General Catalyst Partners and Lightspeed Venture Partners. Term Sheet.

Naming 49

Naming Term Sheet Private Equity Equity 49

rapidrollout.wordpress.com

JANUARY 15, 2011

And finally, you may be able to avoid diluting your equity. Preserve your equity by using a consulting CTO to ramp up your company before securing early-stage financing and hiring a permanent technology partner. 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

VC Cafe

NOVEMBER 3, 2010

Wintegra, founded in 2000, has 165 employees with the majority of its R&D development team located in Ra’anana, Israel, and Austin, Texas. Upon closing the deal, Essilor will fully consolidate Shamir Optical while keeping the Israeli management team of Shamir Optical in place. In early October, The McGraw-Hill Companies, Inc.,

Bandwidth 79

Bandwidth Framework Forecast 79

Feld Thoughts

MAY 5, 2016

While I learned a ton of finance lessons from the experience, I also learned a lot a leadership lessons. We had just acquired a company (I don’t remember which one or in which city) sometime in 2000. Your wall is dingy is one of them. ” As a leader your words matter.

Cofounder 70

Cofounder Founder Equity Acquisition 70

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). - Let’s assume that the $2 million buys 25% of your company, which is the norm in an equity financing. Who started this meme?

Venture Capital 319

Venture Capital Startup Silicon Valley Warrant 319

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

The Equity Kicker

AUGUST 25, 2015

Moreover, predicting when crashes and recessions will happen is nigh on impossible so trying to manage according to where we are in the cycle is a fools game. I saw that in 2000 and then again in 2008. But at same time market crashes changes things for startups.

Valuation 60

Valuation Startup Stock Portfolio 60

Austin Startup

MARCH 7, 2021

When it comes to founders, Texas has jewelry mogul, Kendra Scott; Mavericks owner, Mark Cuban of Shark Tank; Whitney Wolfe Herd of Bumble; video game developer, John Carmack; Vista Equity Partners Founder, Robert Smith; Michael Dell of Dell Technologies; and now Elon Musk of SpaceX and Tesla! Austin Ventures.

Texas 90

Texas San Antonio Houston Dallas 90

Both Sides of the Table

JANUARY 31, 2011

One investor played chicken with me by threatening not to approve my next-round financing unless I gave him more equity. The management team wasn’t strong enough. There are many VCs who have been made partner since 2000 and haven’t previously had an exit of their own. Nobody really talks about this.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

Austin Startup

JULY 23, 2010

The company creates the leading software in an enterprise niche called pricing optimization and margin management. The company announced that is just completed $13M in financing from existing investors SMH Private Equity Group, ABS Ventures, Austin Ventures, and Trellis Partners. An item’s price is the price.

Balance Sheet 67

Balance Sheet Private Equity LP IPO 67

Startup Lessons Learned

MAY 25, 2020

And then from there, I was running a fitness company on the west coast by the name of 24 Hour Fitness, which was private equity backed and quite a bit of debt. And I remember, we set up a war room that we managed, we met twice a day. And I remember listening to the district manager in New Orleans going, "This is."

Technical Review 148

Technical Review Balance Sheet Texas Austin 148

www.chubbybrain.com

SEPTEMBER 28, 2011

declined Microsoft’s offer (summer 2000) to be the first enterprise software company with a.NET product (a Microsoft employee came back from a follow-up meeting with Allen and said “He reminds me of a lot of CEOs of companies that we’ve worked with… that have gone bankrupt.”). During this year they.

Software Review 79

Software Review Startup Technical Review Vesting 79

David Teten

AUGUST 7, 2019

In 2000, LPs invested $104b into 638 funds, but by 2003, LPs’ commitment rate had dropped to just $11b into 161 funds. Momentum investors almost always argue that they’re investing in a “rock star management team”. If the Founder continues to be weak at follow-on financing, that “value trap” can hinder their continued growth. .

Venture Capital 60

Venture Capital Valuation Stock NDA 60

Pascal's View

AUGUST 21, 2011

This time, the debate centers on the “favored few” Social Media venture backed companies that have brought tremendous windfalls to a select group of venture funds and management teams, both pre- and post-IPO. For me Bubble will always be inexorably linked to what went down in 1999 and 2000 in the internet sector. It is intentional.

Valuation 50

Valuation Social Media Media IPO 50

maplebutter.com

JANUARY 8, 2013

If you believe in it – then finance whatever you can yourself. Ideally you can pay them based + equity so that you’ll get their attention and focus on the project. Just ensure you understand your numbers and manage them well. $50 Entrepreneurs always struggle with competing priorities and manage expenses very closely.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Hearpreneur

JANUARY 7, 2017

I soon found that yoga taught me 2000-year-old strategies, to be more present with my kids, be more patient with my family and feel more calm and energized at the same time! At the same time it seemed that whenever I would have a conversation with a friend, family member, colleague, manager, executive–you name it!–about

Entrepreneur 91

Entrepreneur LLC Cofounder Green 91

Both Sides of the Table

JANUARY 22, 2011

One investor played chicken with me by threatening not to approve my next-round financing unless I gave him more equity. The management team wasn’t strong enough. There are many VCs who have been made partner since 2000 and haven’t previously had an exit of their own. Nobody really talks about this.

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

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. In the case of startups the “buyer” is the VC looking to part cash for “purchasing” equity in your startup. And so it goes.

Valuation 150

Valuation Down Round Startup Later Stage 150

This is going to be BIG.

MAY 10, 2021

She wants to figure out how to finance the billions of dollars in much-needed NYCHA repairs. It’s not simply around understanding economic equity, which I think he has some intellectual grasp of. She wants to field complaints about flooded streets. Bike lanes. Property taxes. Charter schools.

Campaign 144

Campaign New York Minneapolis New York City 144