Both Sides of the Table

APRIL 2, 2010

It’s also meaningless if they had four $200 million funds and the last one they closed was in 2000. Unfortunately over the period of 2000-2010 the VC industry hasn’t performed well and therefore the number of funds going forward is likely to reduce greatly. GRP’s last fund was in 2000. What is a VC fund?

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

Both Sides of the Table

JUNE 22, 2011

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. In addition to FOMO it is partly driven by massive increase in valuations for earlier-stage companies who raised money at bit seed prices but who still have product risk.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Both Sides of the Table

JUNE 5, 2011

Early-stage investors in technology startups are only looking for growth-oriented companies that can achieve an “exit&# someday – either via selling your company to a larger company or via an IPO. You’re unlikely to want to make this sort of investment with the product or the market not yet validated.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. On July 27th, 2001 Accenture IPO’s and many of the partners grew fabulously wealthy. 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

Both Sides of the Table

JULY 16, 2010

But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks. side note: our last fund at GRP Partners is currently ranked as the 5th best performing fund of the year 2000.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Both Sides of the Table

AUGUST 12, 2010

In the technology world there are a few websites that most startups track to keep up with the latest financings, acquisitions, product announcements and gossip: BusinessInsider, TechCrunch, Mashable, GigaOm, etc. Retail investors were burned in IPOs in 2000, Consumers getting burned by services disappearing) Minutes 31-35.

Seed Stage 232

Seed Stage Valuation Private Equity Venture Capital 232

Both Sides of the Table

APRIL 15, 2010

I don’t believe that search is the only answer in 2010 as it was in 2000. Golden rule of branding for me: 1) name your company or product your URL and 2) don’t paint yourself into a corner. &# Tweet&# = corner. In the former case many people scoffed at paying up for Google at IPO. But I made it for a reason.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

Both Sides of the Table

AUGUST 28, 2009

Goldman Sachs (an investor in our company) told us we’d IPO within 18 months for $1 billion so not to take any offers. My competitors from those days STILL love to talk about how much money we raised in February 2000 (get over it already!). Our product releases took longer to ship than we had hoped. We were hot.

PR 331

PR Software Review Ireland Germany 331

Up and Running

AUGUST 18, 2014

If you’d still like to be running the company in 10 years time, you’re probably going to want to ensure that exit plan comes in the form of a steady revenue stream that allows you to pay off investors; an IPO instead of a buy-out; or simply opt for a different strategy – your own funds or private/government loans and grants.

Small Business 154

Small Business Exit Strategy Cofounder Angel Investor 154

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. Startups needed millions of dollars of funding just to get their first product out the door to customers. August 1995 – March 2000: The Dot.Com Bubble.

Internet 334

Internet IPO Silicon Valley Agile 334

Ben's Blog

MARCH 24, 2011

In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. The inflation-adjusted data from the last bubble tells the story: In the 3-year period from 1998-2000, venture capital firms raised more than $200 billion, which represented about 0.55% of the national GDP. Much better.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

crowdSPRING Blog

JANUARY 18, 2013

The Science of Productivity: How To Get More Done In Less Time - [link]. The Science of Productivity: How To Get More Done In Less Time – [link]. Thanks To Facebook, Strongest Year For IPOs Since 2000 With $21.5 Ad agencies are discovering products like Columbus discovered America - [link].

Social Media 94

Social Media Small Business Design Media 94

Ben's Blog

OCTOBER 29, 2020

Since then, the debate over IPOs has continued, with a particular focus on allegedly underpriced offerings that jump shortly after opening — the dreaded “pop.” ” As some criticism has it, this supposedly deprives companies of millions of dollars that should have been theirs if not for underpricing the IPO.

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

Agile VC

MAY 26, 2011

Google is still a private company (their IPO was Aug 2004). Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. Yes… he was a very successful PayPal exec and previously co-founder & VP Product of SocialNet. is the leading consumer internet company with Terry Semel as CEO.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

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. Three reasons: There is a relative valuation between the price a VC pays and their expectations of what it will exit for in an IPO or trade sale. Short answer – yes. It is no wonder why they had less time for new deals.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

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). VCs tend to carry their partners much longer, in hopes of a big public offering (IPO) that could produce a windfall.

Angel Investor 260

Angel Investor Silicon Valley Startup Portfolio 260

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

.” Here’s the summary of his track record (excerpted from the Fast Company article): Forefront — IPO’ed in 1995 by CBT — CBT stock fell 85% in 1998 and prompted class-action lawsuits. invested, IPO’ed in 2000 for $32/share — stock price now $2. from an IPO under a year ago of $10.

IPO 240

IPO Flash Bootstrapping Private Equity 240

Both Sides of the Table

SEPTEMBER 2, 2009

At some point, this breaks if their isn’t an exit or IPO. Coupled with my participating preferred from 1999 and 2000 I had more than $55 million of liquidation preferences. The company did well in 2006 as we delivered a phenomenal product that got much industry acclaim at conferences and with initial customers.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Startup Professionals Musings

FEBRUARY 19, 2012

For bigger companies, it’s a more efficient and quicker way to grow their revenue than creating new products organically. Initial Public Offering (IPO). But since the Internet bubble burst in the year 2000, the IPO rate has declined every year until 2010, and is now at about 15%.

Exit Strategy 241

Exit Strategy Initial Public Offering IPO Startup 241

Startup Professionals Musings

JANUARY 5, 2011

For bigger companies, it’s a more efficient and quicker way to grow their revenue than creating new products organically. Initial Public Offering (IPO). But since the Internet bubble burst in the year 2000, the IPO rate has declined every year until 2010, and is now at about 15%.

Exit Strategy 231

Exit Strategy Initial Public Offering Startup IPO 231

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. Blitzscaling is a strategic technique for moving faster, not a reckless gamble.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

thebarefootvc

JANUARY 15, 2020

These new entrants will also likely provide services that we don’t foresee today, similar to the Amazon example [which expanded from online book selling into AWS, content production and domination of ecommerce].” ” In 2016 I gave the closing keynote, entitled Fintech 2020, at a fintech summit in Bogota.

Disintermediation 69

Disintermediation Aggregator China API 69

Feld Thoughts

SEPTEMBER 8, 2011

Recently the market demand has been outpacing their ability to keep up, so they turned to OneTrueFan as a means of accelerating their product development and overall growth. When there is a great fit, I love seeing our portfolio companies make acquisitions. Todd and Eric have been friends of mine for a long time.

San Francisco 115

San Francisco Acquisition Cofounder IPO 115

Cracking the Code

OCTOBER 13, 2020

On the IPO front, the one word that comes to mind is “supersize”. While the number of IPOs in 2020 is close to 2019, the average valuation has doubled compared to last year, driven in particular by the massive IPO of Snowflake, which reached a $70 billion market cap on its first trading day. UiPath was another inspiring company.

Europe 71

Europe Cloud Silicon Valley 71

Agile VC

JUNE 17, 2015

My first startup job was as an early employee at PayPal, where I took a job at the end of ‘1999 and started a few months later in 2000. I started off as a product manager and while I never actually slept over at the office, there were frequently late nights. When we started LinkedIn, it was a similar situation.

Startup 188

Startup Cofounder Seed Stage IPO 188

online.wsj.com

SEPTEMBER 23, 2012

Consumer Products. Paper & Forest Products. The results were similar when he examined data for companies funded from 2000 to 2010, he says. Less than 1% are currently in IPO registration. Chemicals & Allied Products. Fabricated Metal Products. Food and Kindred Products. Lumber and Wood Products.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

VC Cafe

NOVEMBER 9, 2011

There were over 2000 participants and around 100 speakers from all over the world. Extremely important for companies to plan their IPOs during a “strategic window” that will increase their odds of success. Consider a dual-track process : an IPO or getting bought out. October 2011 was the worst month for IPOs since 2008.

IPO 92

IPO Cofounder Europe 92

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

Both Sides of the Table

SEPTEMBER 6, 2010

I was thumbing through Twitter messages on my Blackberry on Monday (I use Twitter as a “ mobile first, web second &# product) when I saw the following Tweet (see graphic). I freely admit this (along with nearly everything between 1999-2000) was a mistake. But I thought I should do a quick post on the topic.

Stock Options 294

Stock Options Stock Valuation Liquidation Preference 294

ReadWriteStart

APRIL 26, 2012

For a technology startup company to launch an initial product and survive long enough to gauge its success, requires two-orders-of-magnitude less money today than at the start of the previous decade. There used to be the Four Horsemen of the IPO world, back in the '80s and '90s. Brown & Sons, Montgomery Securities. Number of U.S.

IPO 115

IPO Stock San Francisco Lean 115

Agile VC

MAY 23, 2012

In the wake of the undue frenzy leading up to and now ex post recriminations about Facebook’s IPO, the mainstream media and normal folks keep wondering if the non-existent “bubble” for internet companies has now popped. The End of “Internet” Companies. May 23, 2012. Silly stuff like this.

Internet 182

Internet Silicon Valley IPO Seed Stage 182

Startup Lessons Learned

SEPTEMBER 10, 2008

I am convinced one of Joel Spolskys lasting contributions to the field of managing software teams will turn out to be the Joel Test , a checklist of 12 essential practices that you could use to rate the effectiveness of a software product development team. He wrote it in 2000, and as far as I know has never updated it.

Software Review 144

Software Review Technical Review San Francisco Continuous Deployment 144

abovethecrowd.com

JULY 10, 2014

In other words, the arrival of a product or service like Uber will have zero impact on the overall market size of the car-for-hire transportation market. As Uber becomes more established in a market, pick-up times continue to fall, and the product continues to improve. There are multiple reasons why this is a flawed assumption.

San Francisco 111

San Francisco San Jose Marketing Technical Review 111

Both Sides of the Table

JANUARY 31, 2011

The truth is that in my experience very, very few people really enjoy the “pure&# startup environment: months with no salary, months with no live product and lots of trial, error & rejection. Mostly you read about fundings, product releases, big valuations, and M&A. of your product. Great new product release.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

Both Sides of the Table

SEPTEMBER 13, 2009

My Story: The public coming out for my first company, BuildOnline, was in early 2000. We had scrambled to get a product to market, built our first website, rapidly hired a technology team, raised our seed round of capital ($1.5 We started building 4 products so that our end-to-end, supply-chain services would be complete (MVP?

South Africa 310

South Africa Europe Disintermediation Poland 310

View from Seed

JUNE 17, 2015

My first startup job was as an early employee at PayPal, where I took a job at the end of ‘1999 and started a few months later in 2000. I started off as a product manager and while I never actually slept over at the office, there were frequently late nights. When we started LinkedIn , it was a similar situation.

Startup 120

Startup Cofounder Seed Stage IPO 120

Gust

OCTOBER 17, 2012

It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. The production of cash is highly concentrated in winners; 90 percent of all the cash returns are produced by 10 percent of the exits. A little less than one-third of IPOs are of venture capital-backed firms.

Angel Investor 152

Angel Investor Venture Capital Seed Stage Silicon Valley 152