Steve Blank

JULY 15, 2010

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. VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Source: NVCA.). VC “Plan B”.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

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

Agile VC

MAY 26, 2011

Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. We three partners are working hard. We have a long way to go baby!

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

www.inc.com

SEPTEMBER 24, 2011

Why Arizona Bay started taking stock from its customers instead of cash. Last spring, Dave Graham , founder of software consulting firm Arizona Bay, learned that a major client, Jumpstart Automotive Media, had been acquired for more than $80 million. Graham is careful about whom he chooses to partner with. The 2011 Top Lists.

Arizona 40

Arizona Equity Iowa Venture Capital 40

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. I advise my clients that you offer stock only after youve searched your heart and soul and cant come up with a way to pay with anything else," says Thomas H.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Duct Tape Marketing

JULY 13, 2022

Mike is also the founder of Profit First Professionals. He is also the founder of profit first professionals. And we've now over a thousand student, over 2000 students, I've gone through that program. The clean, the inventory room, stock everything correctly. But now as a business has grown, we've always partnered.

Employee 91

Employee Design Networking Differentiation 91

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. Teamwork skills are excellent at the project, company, and industry-partner levels. Fog Creek might not go public.

Software Review 48

Software Review Stock Options Salary Technical Review 48

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. LTV / CAC, revenue growth, etc.) Requires less analysis.

Venture Capital 60

Venture Capital Valuation Stock NDA 60

The Equity Kicker

AUGUST 25, 2015

I saw that in 2000 and then again in 2008. I remember this most clearly from 2000 when I was in a fund that was investing heavily pre and post crash and the VC adjustment took 8-9 months. Mark Suster set out a number of the dynamics at play in his post Making Sense of the Stock Market Drops in Relation to Venture Financing.

Valuation 60

Valuation Startup Stock Portfolio 60

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. We now jump forward to February 2000, 14 months after formation of the company.

Pre-Money Valuation 48

Pre-Money Valuation Sales Liquidity Event Valuation 48

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. As a founder, one of the most painful things in the world to hear is criticism of your baby. image source. Forget about your company for a second and think about the companies you do business with….

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. As a founder, one of the most painful things in the world to hear is criticism of your baby. image source. Forget about your company for a second and think about the companies you do business with….

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. As a founder, one of the most painful things in the world to hear is criticism of your baby. image source. Forget about your company for a second and think about the companies you do business with….

Retention 105

Retention Customer Developer Programming 105

The Startup Toolkit

JANUARY 17, 2017

You obviously need some extra time to get started[2], and then every founder understandably wants their business to move as quickly as possible. I spent 2015 working alongside one of these super-hustler sales guys that technical founders dream of. But to move fast, they tend to keep everyone (and especially themselves) very busy.

Technical Review 20

Technical Review Lean Founder Stock 20

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. As a founder, one of the most painful things in the world to hear is criticism of your baby. image source. Forget about your company for a second and think about the companies you do business with….

Retention 98

Retention Customer Developer Programming 98

Both Sides of the Table

MAY 25, 2013

In 2000 our industry had more than $100 billion in LP money. They believe that stock picking is the most important function they can play. The unfortunate reality is the most partners at VCs firms see hundres of deals every year and invest in 1-2 of them. My view … it is my job to be a sparring partner.

LP 374

LP Later Stage IRR Term Sheet 374

David Teten

APRIL 1, 2011

Successful private companies such as Facebook and Zynga now have active secondary markets in their stock, blurring the meaning of their ‘private’ status. Confirmed Panelists David Weild, formerly Vice Chairman of The NASDAQ Stock Market (moderator) Barry Silbert, CEO, Secondmarket.

Private Equity 68

Private Equity Merger IPO Equity 68

online.wsj.com

JULY 11, 2012

Virtual Stock Exchange. Stock Quotes. Andreessen Horowitz is telling entrepreneurs it prefers situations where the founders have controlling stakes, reckoning that theyll be better able to resist outside distraction and focus on making great products. MarketWatch. SmartMoney. SmartMoney. AllThingsDigital. AllThingsDigital.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

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. We now jump forward to February, 2000, 14 months after formation of the company. What can I do?”

Liquidity Event 59

Liquidity Event Pre-Money Valuation Sales Valuation 59

Reid Hoffman

MARCH 19, 2019

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. I [Reid] remember when Airbnb co-founder Brian Chesky told me about the offer.).

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Up and Running

APRIL 4, 2014

million ad featured in the 2000 Superbowl. Part of the problem was that the company bought into its own hype, but the bigger sin was that Pets.com’s owners—Hummer Winblad Venture Partners—ignored the fundamentals. In 2012, JCPenney’s sales were down more than 20 percent and its stock price had plummeted 30 percent.

Sales 126

Sales IPO Texas Advertising 126

Cracking the Code

OCTOBER 12, 2012

The first amendment relies on the definition of « founder » and imposes a minimal ownership of 10% of the company and a holding period of two to five years to benefit from a lower tax rate. The second amendment proposes to apply tax rebates on capital gains applicable over a six years period for those who cannot meet the founder status.

France 71

France Europe Capital Gains Dilution 71

Both Sides of the Table

FEBRUARY 25, 2010

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. Our final closure was the first week of March 2000. I was resolute.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Altgate

MAY 1, 2009

I’m a visual person so here’s how I see it: Entrepreneurs start companies and the founders (“F&# in my chart) invest capital which they grow with sweat equity and then limited partners (“LPs&# ) invest capital via VCs which in turn grows the pie to the eventual “exit&# (which comes in the form of M&A or IPOs). .&#

Sweat Equity 28

Sweat Equity Private Equity IPO Venture Capital 28

SVPG

SEPTEMBER 30, 2016

Hate mail started streaming in from everywhere - including emails directly to Bill Gates who would forward them on to the team with messages like "this is depressing MSFT's stock price. They had a couple experienced co-founders, including the now legendary Reed Hastings, but the problem was that they were stuck at about 300,000 customers.

Product 60

Product Technical Review Software Review Engineer 60

abovethecrowd.com

FEBRUARY 27, 2019

In 2000, Eric Baker and Jeff Fluhr founded StubHub , a secondary ticket exchange marketplace. The estimated annual GMV of GOAT and its leading competitor Stock X is already over $1B per year (on a combined basis). Swing is now at over 1,200 school partners and has filled over 115,000 teacher absence days.

Internet 88

Internet Matching Vertical Hosting 88

www.paulgraham.com

APRIL 28, 2010

VCs are notoriousfor leading founders on. Bootstrapping (= Consulting) Some would-be founders may by now be thinking, why deal with investorsat all? Startup founders tend to be optimistic. This worksbetter when a startup has 3 founders than 2, and better when theleader of the company is not also the lead developer.

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77

Duct Tape Marketing

OCTOBER 27, 2022

And a lot of experts and a lot of CEOs and company founders tell me that those shareholder letters were models of simplicity, which kinda led me in that direction. So I didn't put a lot of stock into that. It started in 1997 with his first letter and his last letter in 2000 that came out in 2021. Don't look at it as a mission.

Seattle 63

Seattle Silicon Valley Conversion Naming 63

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.”). Company : Untitled Partners.

Software Review 79

Software Review Startup Technical Review Vesting 79

maplebutter.com

JANUARY 8, 2013

What is the best advice you can give for finding a business partner? Don’t quickly choose any business partner. Whats is the best way to find a co-founder for your startup? However, one of my co-founders doesn’t seem to be as motivated as the rest of us. Especially if you need to quickly choose someone.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

online.wsj.com

SEPTEMBER 23, 2012

Virtual Stock Exchange. Stock Quotes. The results were similar when he examined data for companies funded from 2000 to 2010, he says. Consider Daniel Dreymann, a founder of Goodmail Systems Inc., David Cowan of Bessemer Venture Partners has stuck with Mr. Dreymann. AllThingsDigital. AllThingsDigital. SmartMoney.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

Steve Blank

JUNE 22, 2011

Ben and his partner Marc Andreessen (the founder of Netscape and author of the first commercial web browser on the Internet ) are the definition of Smart Money. Is this tech bubble as broad as the 1995-2000 dot.com bubble – no. Our financial systems (banks, stock market, credit cards, mortgages, etc.) exist as bits.

Internet 295

Internet Silicon Valley United States .Net 295

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. Many experienced partners are funds have 7-10 boards and most of these will need more capital. What is the True Sentiment of VCs? This is how VCs feel.

Valuation 150

Valuation Down Round Startup Later Stage 150

Startup Lessons Learned

JUNE 9, 2020

I've known Brian Chesky, Co-Founder, CEO and Head of Community at Airbnb for a long time. A complete collapse of revenue that simultaneously affects your employees and your customers, your partners, your investors, everyone all at once and all the news is bad. Your customers and your investors like partners? So then what?

Silicon Valley 60

Silicon Valley Hosting Cofounder Employee 60

Scalable Startup

FEBRUARY 1, 2013

And that’s been reflected in the entrepreneurial community, where entrepreneurs, especially between 2000 and 2008, entrepreneurs really only wanted to do — for the most part wanted to do consumer software, because that’s the only software that they could actually get anybody to adopt. We don’t have to sell our stock.

Software Review 22

Software Review Startup Venture Capital Stock 22

Cracking the Code

OCTOBER 13, 2020

We've invested $5B+ in more than 250 companies and feel privileged to have partnered with category-defining companies such as Atlassian, Crowdstrike, Docusign, Dropbox, Slack and UiPath. Is the sky the limit for Cloud public stocks? The founders refocused their foundation to help fight COVID in Romania, achieving a massive impact.

Europe 71

Europe Cloud Silicon Valley 71

VC Cafe

OCTOBER 20, 2010

The winery’s two partners – Yair Lerner and Shmuel Boxer – share the vision of making Barkan Wineries a national center for wine education. Recanati Winery -The Recanati Winery was founded in 2000 by a group of wine lovers led by Lenny Recanati. million bottles annually under several labels. Many award winning wines.

Offshore 74

Offshore Harvest France 74