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

Up and Running

AUGUST 18, 2014

The thing is, a tech startup or any type of startup for that matter (doesn’t have to be technology focussed) and a traditional, new business venture, are different for a number of reasons, most notably: the way they think about growth. Key difference #1 – how these entities think about growth.

Small Business 154

Small Business Exit Strategy Cofounder Angel Investor 154

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. 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. Here’s why. Source: NVCA.).

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Gust

JANUARY 31, 2013

Public companies have dealt with financial disclosure in ways that evolved over time with markets and technologies. Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO.

SEC 158

SEC Prospectus United States Technical Review 158

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. In the former case many people scoffed at paying up for Google at IPO. Rumored: Digital Sky Technologies. money off the table) given the dearth of IPO’s and M&A over the past few years? - There is also another inherent weakness.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

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. August 1995 – March 2000: The Dot.Com Bubble. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit.

Internet 334

Internet IPO Silicon Valley Agile 334

Feld Thoughts

JANUARY 16, 2018

” In 2000 I was co-chairman of a public company called Interliant. The company had gone public in 1999 and the market cap rose to just under $3 billion ($55 / share, up from $10 / share at the IPO). By the end of 2000, the stock price was at $13. Now, I don’t have schadenfreude about cryptocurrencies going down.

Stock 134

Stock IPO Finance Technology 134

Pascal's View

AUGUST 28, 2010

6) The most efficient fuel for this IPO engine is venture capital. v) “Since 1999, over 60% of IPOs have been VC-backed. Of the 85 IPOs priced so far this year, only 28 are up. Conclusion: If we don’t fix the IPO problem in America, we will not fix the job problem in America. GDP growth, the U.S. ” (ix) The U.S.

Venture Capital 56

Venture Capital America Initial Public Offering IPO 56

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.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Feld Thoughts

JANUARY 11, 2021

Feld Technologies worked with Allcom whenever we needed a network installed for a client. Soon after, Len called me and asked if I’d be interested in selling Feld Technologies to Sage Alerting. I remember clearly a phone call on 12/1/2000 where Len called me from NYC. And I will miss him every day.

SEC 164

SEC Cofounder Boston New York 164

Pascal's View

SEPTEMBER 7, 2009

These valid observations may be drawn from primary research sources such as the work published by the National Academies, whose most recent report, Assessing the Impact of Changes in the Information Technology R&D Ecosystem: Retaining Leadership in an Increasingly Global Environment , was released several months ago. In the 1990s the U.S.

IPO 38

IPO Venture Capital America Marketing 38

Pascal's View

AUGUST 12, 2009

It boggles the mind that Washington would enact new policies sure to prolong this (IPO) drought and strike at the heart of American innovation.” IPO drought testifies to a systemic liquidity crisis for emerging growth companies that is putting at risk an entire generation of innovative American companies. from the WSJ editorial).

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

thebarefootvc

JANUARY 15, 2020

: “Twenty years from now, we will see disintermediation of banks, and millenials will no longer recognize the current banking system as they will receive financial services from a number of new entrants in the technology sector. No entity is immune to technology disruption. No entity is immune to technology disruption.

Disintermediation 69

Disintermediation Aggregator China API 69

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

Scalable Startup

DECEMBER 15, 2011

amazing shining examples of success and IPOs, even though they a 1 in a thousand. when many vaporware and vapor-businesses crash or fade away they leave damage, possibly fueling the recession (remember 1999-2000? funding is more prevalent than ever for early early (read “ideas”) stage companies. micro funding ($25K).

Angel Investor 24

Angel Investor Startup IPO Software Developers 24

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

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

Both Sides of the Table

MAY 23, 2012

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. IPO markets had burned an entire cycle of retail stock investors and many institutional investors to boot. So of course returns from 2000-2010 were subpar on average for the industry.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Growthink Blog

APRIL 2, 2014

Well, if you don’t, try on these IPO, M&A, and financing stats from 1st Quarter 2014: Initial Public Offerings: 72 companies went public in the U.S. in the 1st quarter - the largest number of new issuers since 2000 -raising a total of 11.1 And, as of Monday 54 of the 72 of them were trading above their IPO price.

Private Equity 69

Private Equity Merger IPO Initial Public Offering 69

Steve Blank

JUNE 17, 2011

My esteemed colleague Ben Horowitz essentially makes four arguments : 1) look at how relatively cheap Apple, Google and Amazon stock is compared to their growth; 2) Major technology cycles tend to be around 25 years long with the bulk of the purchases occurring in the last five-to-ten years. The Shills are the middlemen in a bubble.

Investment Bankers 310

Investment Bankers Stock Valuation Venture Capital 310

Startup Professionals Musings

DECEMBER 26, 2013

Initial Public Offerings (IPO) are back as an exit strategy. That is a 65% increase in the number of IPOs over 2012, and the highest proceeds raised since the year 2000. Most now routinely buy startups for new technology and new products. business entrepreneur investment IPO social media startup' Marty Zwilling.

IPO 273

IPO Entrepreneur Social Media Startup 273

The Equity Kicker

AUGUST 24, 2012

Nic Brisbourne on why the technology start-up ecosystem will remain an important part of the global economy, despite some recent missteps. The reality is that we have been dealing with a market failure to provide liquidity to investors in late-stage companies for most of the time since the internet bubble burst in March 2000.

IPO 101

IPO Valuation Silicon Valley Venture Capital 101

View from Seed

JANUARY 11, 2017

It seems obvious but strategic investment only makes sense when that corporate VC is providing technology, market access, or other aid that cannot be obtained through a simple business relationship or from a startup’s other investors or advisors.

Strategic Investors 120

Strategic Investors Post-Money Valuation Seed Stage Cofounder 120

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

Ben's Blog

JUNE 26, 2011

Technology stocks currently trade at an all time low vs. industrial stocks based on forward P/E ratios. Nonetheless, the esteemed and brilliant Mr. Blank argues that we are in a technology bubble. Nonetheless, let’s look at the prices of the new technology IPOs that Mr. Blank highlights in his argument: LinkedIn—Mr.

IPO 76

IPO Stealth Stock Technology 76

Feld Thoughts

JULY 28, 2014

Each of the SBIC funds were raised in the 2000 – 2002 time period. The booming IPO market proved the model of investing in new companies, as some SBICs cash out at attractive levels. Rather, it’s an example of the difference between signal and noise in any kind of reporting around the VC industry.

SBIC 142

SBIC Venture Capital Colorado SBA 142

abovethecrowd.com

JULY 10, 2014

By 2011, the number of subscribers worldwide had surpassed 5 Billion and cellular communication had become an unprecedented technological revolution.” ( article via @trengriffin ). We have simply taken a structured look at how traditional human car transportation can change as a result of today’s technology.

San Francisco 111

San Francisco San Jose Marketing Technical Review 111

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 There was talk of an IPO in 12 months. Tags: Start-up Advice startup technology. We were hot.

South Africa 310

South Africa Europe Disintermediation Poland 310

Startup Professionals Musings

JULY 19, 2015

Initial Public Offerings (IPO) are back as an exit strategy. Last year was the most active year for IPOs in the United States since 2000. 275 IPOs were completed in 2014, topping the 2013 total of 222 by more than 23%. Most now routinely buy startups for new technology and new products. million businesses in 2014.

IPO 120

IPO Angel Investor Startup Incubator 120

This is going to be BIG.

MARCH 21, 2011

If there’s a jobs startup within 2000 miles of NYC, I will see it. They’re not a particularly innovative bunch when it comes to using the latest technologies, and its never fun to sell into a group that doesn’t like to push the envelope. I feel terrible, because I hate these meetings and couldn’t be less interested in this space.

Acquisition 110

Acquisition IPO Database Mobile 110

David Teten

MAY 16, 2011

Kupietzky held a variety of management roles in marketing, sales and product management at world-class technology companies: Digital Insight (Intuit), Loudcloud/Opsware (Hewlett-Packard) and Siebel Systems (Oracle). Mr. Geleerd has been a member of YPO since 2000. He began his career as a consultant with McKinsey & Co.

Naming 122

Naming Government Intellectual Property LLC 122

BeyondVC

JULY 5, 2004

Russell Beattie has a thorough post on Jamdat Mobile’s IPO filing. For those of you that don’t know, Jamdat is a provider of global wireless entertainment applications and enabling technologies that support multiple wireless platforms to wireless carriers, handset manufacturers, media companies, and independent content developers.

IPO 60

IPO Mobile Distribution Revenue 60

Seeing Both Sides

APRIL 10, 2011

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 If investors observing this extraordinary phenomenon in 1996 were to have concluded that the technology market was in the midst of an unsustainable bubble, they would not have been wrong. We had recorded $1.8

IPO 48

IPO IRR Brazil Government 48

This is going to be BIG.

MARCH 30, 2015

It took the NASDAQ fifteen years to get back to it''s March 2000 peak--and I think that it''s possible we''re looking ahead at the same kind of period, but one without the huge trough. With growth rates reduced, IPOs would be even tougher to come by--but companies would survive. They''ll be around 10 years from now.

Hockey Stick 60

Hockey Stick Valuation Startup Maryland 60

www.huffingtonpost.com

MAY 10, 2011

Minted.com is both a global design community and stationery retailer. Independent graphic designers from all over the world submit designs to our ongoing design competitions, and Minteds community votes to tell us what to sell. ­om migrated off Drupal.

CTO 43

CTO CTO Hire PHP Cofounder 43

Startup Lessons Learned

SEPTEMBER 10, 2008

He wrote it in 2000, and as far as I know has never updated it. ► August (2) SXSW Case Study: SlideShare goes freemium ► July (4) Case Study: kaChing, Anatomy of a Pivot Some IPO speculation Founder personalities and the “first-class man&# th. No departments The Five Whys for Startups (for Harvard Business R.

Software Review 144

Software Review Technical Review San Francisco Continuous Deployment 144

Ben's Blog

MARCH 24, 2011

Lately, everybody seems to be talking about a new technology bubble. In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. If publicly traded technology companies are not at bubble-like prices, then private technology valuations aren’t either because they are roughly equivalent.

Technical Review 78

Technical Review Venture Capital Valuation Database 78