Both Sides of the Table

APRIL 15, 2010

In fact, their affiliate partners dissuaded them from doing so. I don’t believe that search is the only answer in 2010 as it was in 2000. billion valuation. They only recently raised $30 million at around a $300 million valuation and THAT raised eyebrows. Overture never built the destination site to monetize from.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

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. It was a pretty good valuation for the time. It was a $4.7M link] leehower.

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. Look at the valuations of companies like Tesla, Illumina, and Twitter. If they don’t, then the management team has simply become caretakers of the founders’ legacy.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

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

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. In the past ten years there have been several dramatic changes in venture capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

David Teten

SEPTEMBER 16, 2014

Dave Kerpen, founder and CEO of Likeable Local , just published an interview with me on Linkedin, which I’ve included below. Villalobos & Payne: “Startup Pre-Money Valuation: The Keystone to Return on Investment” 117. Enter Dave: Angel investing is a great way to make a lot of money. approx 2004-09. 1961- 1996.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

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. Take a look at the chart below. (It

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

www.inc.com

SEPTEMBER 24, 2011

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. Jumpstart was one of Grahams first clients; it signed on shortly after he founded Arizona Bay, in 2000. It should have been a cause for celebration.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Startup Professionals Musings

OCTOBER 17, 2016

According to the National Business Incubator Association ( NBIA ), there are over 7,000 of these locations worldwide, and new online versions springing up all over the place, like Founders Space in Silicon Valley. Peer-to-peer networking with other startups and founders in the same stage.

Incubator 120

Incubator Silicon Valley Startup Small Business Administration 120

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?”. The surprise I could not ignore.

Pre-Money Valuation 48

Pre-Money Valuation Sales Liquidity Event Valuation 48

David Teten

AUGUST 7, 2019

Likely signs of a Value investment: the company has challenges in filling out the round; the investors have more negotiating leverage than the founders during the closing process; the company has significantly better metrics (e.g. than comparable companies in the same sector that raised at a higher valuation. Requires less analysis.

Venture Capital 60

Venture Capital Valuation Stock NDA 60

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. I have been talking about my concerns about valuations for the past couple of years because, well, they’ve been rising very rapidly the past two years!

Valuation 150

Valuation Down Round Startup Later Stage 150

The Equity Kicker

FEBRUARY 12, 2016

Startup founders should expect that it will take seven or more years to exit their company. If I think back over the sixteen years I’ve been investing in startups the market for private company investing was tough from 2000-2004, from 2008-2011 and is getting tough again now.

Startup 60

Startup Metrics Valuation Operations 60

View from Seed

JANUARY 11, 2017

I was an early employee at PayPal and back in the 2000-2001 timeframe, and we ended up taking a fairly significant amount of strategic investment (tens of millions of $) from various banks in the US, Europe, and Asia. 4) Are these investment partners for the long haul?

Strategic Investors 120

Strategic Investors Post-Money Valuation Seed Stage Cofounder 120

The Equity Kicker

AUGUST 25, 2015

I saw that in 2000 and then again in 2008. When the macro economic climate is tough less money flows into venture funds and startups, so fewer deals get done, valuations are lower and more companies fail. And, in case you’re wondering we don’t have any low valuation termsheets out there at the moment. (And,

Valuation 60

Valuation Startup Stock Portfolio 60

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. Prices for both private and public tech valuations exceed any rational valuation to their current worth. with my colleague Ben Horowitz.

Internet 295

Internet Silicon Valley United States .Net 295

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. . Value add strategies make partners at VC firms more personally effective. Building platforms.

Portfolio 84

Portfolio LP Venture Capital Partner 84

www.inc.com

SEPTEMBER 24, 2011

Durkin , managing partner with the Boston -based law firm Lucash, Gesmer & Updegrove LLP. Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., As you think about how much equity to offer, have a reasonable valuation in mind thats been determined using professional advice. Copyright © 2000 inc.com.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Both Sides of the Table

JANUARY 31, 2011

Mostly you read about fundings, product releases, big valuations, and M&A. Inbound calls from partners, people who want to join, atta boys from friends. We just landed the biz dev partner we’ve been working on for 9 months. Google DID NOT just acquire our main biz dev partner. Sit back and watch usage.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

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

This summer saw two record transactions within a month, as UiPath became the first European Cloud decacorn in July and Visma, a Norwegian company, became the world’s largest ever software buyout with a $12B+ valuation. In 2000 and 2008, the economic crises had a dramatic impact on the tech ecosystem, but 2020 seems to be very different.

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

JANUARY 22, 2011

Mostly you read about fundings, product releases, big valuations, and M&A. Inbound calls from partners, people who want to join, atta boys from friends. We just landed the biz dev partner we’ve been working on for 9 months. Google DID NOT just acquire our main biz dev partner. Sit back and watch usage.

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

VC Cafe

AUGUST 15, 2011

ICQ FOUNDER SELLS ISRAEL’S DOTOMI FOR $295 MLN. Dotomi, which was founded in 2003, raised $17 million in funding since its inception from Globespan Capital, US Venture Partners, Investor Capital and Velocity. Dotomi founder Yair Goldfinger also co-founded ICQ, the technology known today as instant messaging.

China 90

China Cofounder India 90

VC Cafe

NOVEMBER 9, 2011

There were over 2000 participants and around 100 speakers from all over the world. The US markets have generally proven themselves as giving better valuations, and long term liquidity.”. Founders are often restricted to how many shares they can sell in the IPO, and this is to keep their skin in the game.

IPO 92

IPO Cofounder Europe 92

Startup Lessons Learned

JUNE 12, 2020

Commitments to respect their employees, their customers, their partners. So for other companies, especially for this next generation of founders who look up to you and what you have accomplished here, what do you want them to take away from your example here? Focusing not just on the short term, but on generational lasting change.

Silicon Valley 113

Silicon Valley Design Hiring Government 113

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

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. But some will be saved.

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34