Steve Blank

SEPTEMBER 14, 2009

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.) The boom in Internet startups would last 4½ years until it came crashing down to earth in March 2000. Warning sign?

Silicon Valley 235

Silicon Valley IPO Technical Review Venture Capital 235

Gust

JANUARY 31, 2013

Modern theories of economics and finance teach us that in a world of perfect information, the market will decide what a fair price is for any company’s stock at any point in time based on its current financial condition, results of past operations, analysts’ forecasts of future performance, industry conditions and so on.

SEC 158

SEC Prospectus United States Technical Review 158

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 329

Private Equity Metrics China Intellectual Property 329

VC Adventure

APRIL 2, 2020

First, the overall trends, which show both a steady increase of returns post the 2000 bubble and show the specific increases post 9/11 and post the 2008 market crash. Focus can be sharper with fewer market distractions as well as the pressure that comes from having somewhat more limited margins within which to operate.

Valuation 118

Valuation Portfolio Database Early Stage 118

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. They are operators, through and through.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Duct Tape Marketing

FEBRUARY 28, 2022

So when you take a look at the major causes and decrease in firm value, and once again, I'm talking fortune 2000 firms, but I think it attracts to smaller businesses too. And they fit into four buckets, financial, operational, external change and strategic change. You know, the question is, you know, what are those?

Technical Review 60

Technical Review Networking United States Artificial Inteligence 60

Feld Thoughts

MARCH 12, 2014

Today, Rover announced that Menlo Ventures has led a new $12m round of financing. We learned this dynamic in the early 2000’s with our investment in ServiceMagic. In 2000, Michael and Rodney cut the business drastically, changed the business model to a lead-fee system, which they pioneered online. Some get it; many don’t.

Seattle 149

Seattle Metrics Cofounder Finance 149

YoungUpstarts

JANUARY 7, 2013

1990s to 2000: Infrastructure, Security, Management, etc. 2000 to 2005: CRM, SFA, ERP, Payroll, Analytics, etc. 2005 to Today: Retail, Manufacturing, Finance, Government Specific, etc. New vistas of opportunities would also be developed as Cloud technologies change the way businesses operate.

Technology 174

Technology Singapore Malaysia Indonesia 174

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. VC’s fund their salaries and operations through management fees, which typically equal 2% per year. But any entrepreneurs raising capital should keep in mind that this opening of the markets could possibly be temporary.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

www.inc.com

SEPTEMBER 24, 2011

Finance | Tuesdays. Financing a Small Business. Office and Operations. Financing A Small Business. Personal Finance. Jumpstart was one of Grahams first clients; it signed on shortly after he founded Arizona Bay, in 2000. Create an Inc.com account: Subscribe to Inc.coms Free Newsletters. Start-up | Mondays.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Hearpreneur

MARCH 16, 2018

I use the money made from my private clients to launch intelligence operations against our enemies. At that time, in the year 2000 there were no spam filters so it was pretty easy to contact other translation companies to setup cooperation. 16- Declare victory over finances. Government and the American public.

Entrepreneur 102

Entrepreneur Cuba Haiti Technical Review 102

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 130

Private Equity New York City Chicago Investment Bankers 130

www.inc.com

SEPTEMBER 24, 2011

Finance | Tuesdays. Financing a Small Business. Office and Operations. Financing A Small Business. Personal Finance. 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. Copyright © 2000 inc.com.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Up and Running

MAY 16, 2016

percent in 2000 to 19.6 Financing and cash flow. It is almost a given that your business will operate at a loss for the first three to six months while your client base grows and you get on a regular billing cycle with Medicare and Medicaid. From 2010 through 2015, the industry saw a moderate but steady four percent growth.

North America 95

North America United States Technical Review America 95

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. I look for firms in which some of the partners (my partner) have operational experience and know what it’s like to wake up every day and be an entrepreneur. I am very grateful to my friend Zoli Erdos for finding this retro posting for me at web.archive.org.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

MAY 23, 2012

Yes, it’s true that FOMO (fear of missing out) is driving some irrational behavior and valuations amongst uber competitive deals and well-financed VCs. In 1998 there were around 850 VC funds and by 2000 there were 2,300. By 2000 the total LP commitments had mushroomed to more than $100 billion. The Funding Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

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

A Smart Bear: Startups and Marketing for Geeks

JANUARY 10, 2012

” To see this, suppose you divided your time between seven companies, all operating on these terms. In fact, you need to charge more , because that formula merely brings you back to “even!” Of course this isn’t hypothetical , this is exactly the terms you’re accepting for yourself when you create a startup.

Founder 291

Founder CPA Startup Early Stage 291

Ben's Blog

JUNE 18, 2011

Similarly, Google, well on its way to owning the dominant smart phone operating system and which maintains a near monopoly position in search, trades at a price/earnings (P/E) ratio (ex-cash) of around 13.7. In the last bubble, the S&P hit 44x in January 2000. Currently, the S&P is trading at 22x. The internet is working.

Technical Review 61

Technical Review Software Review Valuation Internet 61

OnlyOnce

NOVEMBER 7, 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. But they typically have limitations as to their range of operating experience. Getting the Most out of Your Investors. We’ve been through a lot of wars together.

Operations 129

Operations Employee Finance Hiring 129

Cracking the Code

NOVEMBER 13, 2008

It is also intriguing to see that the market bottom was reached only two years after the start of the decline for the 1929, 1973 and 2000 crises, so we might need another year before the market reaches it lowest point. Yahoo Finance. So were do we go from here? Posted by Philippe Botteri. at 4:04 PM. 2 comments: Anonymous said.

Software Review 48

Software Review Technical Review Valuation Portfolio 48

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

invested, IPO’ed in 2000 for $32/share — stock price now $2. It’s not about the financing path, it’s about what you’ve decided to build. 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

Austin Startup

AUGUST 20, 2017

Messy cap tables can come back to haunt you when you do a financing or sell the company. Your business works as intended if you can attract customers that fit into the context of your operation. Many of us suffered in the 2000–2002 dotcom crash and/or the 2007–2009 Great Recession; others hardly noticed a blip.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Reid Hoffman

MARCH 19, 2019

O’Reilly unwittingly illustrates this point by telling the story of Sunil Paul, a friend and a successful serial entrepreneur who filed a patent on the core elements of GPS-enabled ride-hailing in 2000. Yet despite literally patenting ride-hailing in 2000, his own venture, Sidecar, lost out to the more aggressive scaling of Uber and Lyft.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

abovethecrowd.com

JULY 10, 2014

On June 18, Aswath Damodaran , a finance professor at NYU’s Stern School of Business, published an article on FiveThirtyEight titled “ Uber Isn’t Worth $17 Billion. I find it surprising that a finance professor like Damodaran did not consider the impact of price on demand. Different Economics. New Use Cases. Use in less urban areas.

San Francisco 111

San Francisco San Jose Marketing Technical Review 111

Both Sides of the Table

MAY 15, 2010

Clearly a startup should consult its lawyer before filing or not filing.But the attorneys I relied on to write this piece told me that they’ve done lots of Section 4(2) deals in the past, and would recommend it to clients who had relatively simple financing agreements (not tranched-out, not too many investors, etc.) Short answer: no.

Stealth 285

Stealth SEC Advertising Accredited Investor 285

Spencer Fry

APRIL 17, 2017

Long story short, it’s just not 2000's anymore. With no money, how do you expect to have great design, engineering, copy, marketing, content marketing, customer service, operations, and everything else that comes along with running a successful startup. The quality bar has never been higher. You’ve raised. Something has to give.

Bootstrapping 63

Bootstrapping Cap Table Liquidation Preference Cofounder 63

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. Accenture opened massive operations in India & China and continued its industry dominance. 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

Duct Tape Marketing

OCTOBER 17, 2018

I can’t tell you how many times I’ve walked into an organization, they’ve got 2000 names of people that have bought products from and they’ve never sent him a thing. Two weeks is just criminal, that’s a dead lead. John Jantsch: Another one that I see is just you email us. Louis Gudema: Yeah.

Marketing 55

Marketing Social Media Analytics Software 55

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. I’d add that public market investors don’t have as much of a problem with this psychological challenge, since they’re operating in a much more efficient market. . But VC is historically and consistently cyclical.

Venture Capital 60

Venture Capital Valuation Stock NDA 60

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. There's been two fundamental changes here that have been overlooked by a lot of people, and this is why it's fundamentally different than it was in 1999: One change is this Era of Cheap and the lean finance model.

IPO 115

IPO Stock San Francisco Lean 115

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! For nearly 15 years I had analytical, numbers-driven jobs in finance and banking, working for some of the world’s largest banks. Image Credit: Erryn Cobb.

Entrepreneur 91

Entrepreneur LLC Cofounder Green 91

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 4, 2017

Small companies operate this way by necessity, and it works! They could have taken the tens of millions of dollars that the product cost to develop, and made their existing operation just 0.01% more effective, and made the same amount of money. Communication and decision-making occupy the minimum possible time.

Government 223

Government Startup Cofounder Technical Support 223

David Teten

APRIL 1, 2011

" Barry Silbert, Founder and Chief Executive Officer, SecondMarket As the Founder and CEO, Barry Silbert is responsible for overseeing the strategic direction and operation of all its markets. Barry was also recognized by Fortune as “One to Watch” in the publication’s annual 40 Under 40 issue. the 1990s.

Private Equity 68

Private Equity Merger IPO Equity 68

ReadWriteStart

NOVEMBER 16, 2010

Guest author Bernard Lunn is a serial entrepreneur and business adviser to start-ups and is ReadWriteWeb's former Chief Operating Officer. But the enterprise software bootstrapping past was based on upfront license fees where the customer took the financing risk. So VCs will need to invest.

Software 127

Software Startup Architecture Bootstrapping 127

Up and Running

MAY 1, 2018

A friend recommended it to me, and it was the single most important thing I did on my journey as a business owner and operator. I did my research, prepared my business plan, and sent it to several financial companies for financing. When 9/11 happened, we had finished our most profitable year in 2000. We had many cancellations.

Florida 102

Florida CPA Dallas America 102

Steve Blank

DECEMBER 23, 2015

Jason Young , co-founder of MindBlown Labs , which makes mobile social games to teach young adults about personal finance. We’ve done a lot of testing and we found that on average, yields increase 16 percent when you add our bacteria into the grow operation…. And download any of the past shows here.). How did they find you?

Cofounder 120

Cofounder Entrepreneur Colorado Customer Development 120