Startup Professionals Musings

JANUARY 7, 2013

billion from 49 listings, and represented the strongest annual period for IPOs since 2000. Your friends and family are really the only answer until you have a significant revenue stream. Use friends, family, and angels, if possible, to get a product, revenue, and customers first before the VC connection.

Venture Capital 252

Venture Capital IPO Elevator Pitch Initial Public Offering 252

Startup Professionals Musings

AUGUST 25, 2017

They come at the early stage while a startup has no revenue or valuation, so professional investors are hard to find. There are already more than 2000 hackerspaces worldwide, as listed on the Hackerspace Wiki. In today’s fast moving market, the basic product development cost and time are critical to survival.

Technical Cofounder 153

Technical Cofounder Intellectual Property Wiki Cofounder 153

Steve Blank

MARCH 17, 2020

Next, take a look at your actual revenue each month – not forecast, but real revenue coming in each month. Subtract your monthly gross burn rate from your monthly revenue to get your net burn rate. All your assumptions about customers, sales cycle and most importantly, revenue, burn rate and runway are no longer true.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Up and Running

NOVEMBER 3, 2021

On the other hand, if you receive a payment of $2000, that’s considered income or revenue, you’ll generate positive cash flow that can be reinvested in other areas. . This can factor in a variety of things such as inventory, equipment, investment value, cash on hand, accounts payable, deferred revenue, and debt. .

Balance Sheet 81

Balance Sheet Management .Net Metrics 81

Steve Blank

MAY 21, 2020

For example, car accidents ~ 39,000 deaths in 2019 and over three-fourths of a million dead since 2000, ~ 70,000 drug overdose deaths in 2019 and over three-fourths of a million dead since 2000. Businesses can make additional revenue catering to those who remain sheltered.

South Korea 436

South Korea Spain Italy China 436

Steve Blank

OCTOBER 24, 2016

After running Microsoft for 25 years, Bill Gates handed the reins of CEO to Steve Ballmer in January 2000. If the Microsoft board was managing for quarter to quarter or even year to year revenue growth, Ballmer was as good as it gets as a CEO. On day one there are no customers to lose, no revenue and profits to decline.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Steve Blank

SEPTEMBER 14, 2009

Five Quarters of Profitability During the 1980’s and through the mid 1990’s startups going public had to do something that most companies today never heard of – they had to show a track record of increasing revenue and consistent profitability. There was now a public market for companies with no revenue, no profit and big claims.

Silicon Valley 217

Silicon Valley Technical Review IPO Venture Capital 217

Steve Blank

OCTOBER 24, 2016

After running Microsoft for 25 years, Bill Gates handed the reins of CEO to Steve Ballmer in January 2000. If the Microsoft board was managing for quarter to quarter or even year to year revenue growth, Ballmer was as good as it gets as a CEO. On day one there are no customers to lose, no revenue and profits to decline.

Azure 120

Azure Business Model Cloud Artificial Inteligence 120

Feld Thoughts

JUNE 19, 2017

Between the spring of 2000 and the end of 2001, I had the worst, most stressful, and most painful business period of my life. I remember the trigger point being a 3/20/2000 article in Barron’s titled Burning Up: Warning: Internet companies are running out of cash — fast. I was too inexperienced in 2000 to understand this.

Internet 162

Internet Revenue .Net Operations 162

Duct Tape Marketing

JANUARY 25, 2023

Growing Your Audience (And Your Revenue) With A Book written by John Jantsch read more at Duct Tape Marketing Marketing Podcast with Matt Briel In this episode of the Duct Tape Marketing Podcast , I interview Matt Briel. Questions I ask Matt Briel: [1:29] Could you tell us about the origin story of Lulu and how did it come to be? [2:25]

Audience 88

Audience Revenue Distribution Differentiation 88

YoungUpstarts

MAY 8, 2012

The poultry and livestock industry recently added $19 billion in tax revenues for the U.S. million in tax revenue since 2000, with California following shortly behind at 17,000 jobs and $185.5 million in tax revenue. million in tax revenue since 2000, with California following shortly behind at 17,000 jobs and $185.5

Iowa 167

Iowa Technical Review India United States 167

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

ReadWriteStart

OCTOBER 4, 2012

Max Delivery does the same, with one big difference: Kozmo was free and was killed by its high-cost, low-revenue business model. (In In 2000 its revenues were $30 million, delivery costs $35 million and net loss $120 million.) Max Delivery charges a fee and makes a profit.

Technical Cofounder 152

Technical Cofounder Cofounder Video New York City 152

Feld Thoughts

JUNE 9, 2021

I’ve been working with Matt since 2000. Matt Blumberg has a new book out titled Startup CXO: A Field Guide to Scaling Up Your Company’s Critical Functions and Teams. It’s a follow-up to his previous book, Startup CEO: A Field Guide to Scaling Up Your Business. That year, we merged two companies: Return Path and Veripost.

Fractional CTO 70

Fractional CTO Cofounder Startup Lead Investor 70

Berkonomics

NOVEMBER 19, 2020

Since in most cases, there was no revenue in many of these companies, all trying to gain market share at any cost, we had to invent the metric to use. Remembering the insanity before 2000. But, when the bubble burst in 2000, most of us quickly grew up. Revenue experiments (and failures).

Revenue 118

Revenue Metrics Advertising Internet 118

Steve Blank

JUNE 3, 2010

The company loses customers, then revenues and profits decline and it eventually gets acquired or goes out of business. Meeting the Challenge of Disruptive Change, Clayton Christensen/Michael Overdorf: March/April 2000. - Over time, innovations outside the company (demographic, cultural, new technologies, etc.) Creative Destruction.

Search 242

Search Agile Customer Development Technical Review 242

Version One Ventures

OCTOBER 15, 2020

Up until late August, Lightning Labs had capped the channel capacity and payment size for users of their popular implementation of the network to ~$2000 USD and ~$500 respectively to better protect user funds with experimental software. . And >40% of that revenue is coming from in-game purchases.

Networking 168

Networking Global OTC Security 168

Both Sides of the Table

AUGUST 28, 2009

My competitors from those days STILL love to talk about how much money we raised in February 2000 (get over it already!). I know that we haven’t brought in revenue as quickly as we had hoped. They haven’t hit their revenue targets. I acknowledge it was a mistake. We were hot. Until we weren’t. Believe me.

PR 331

PR Software Review Ireland Germany 331

YoungUpstarts

AUGUST 6, 2012

The Sandbox is designed to accelerate the process of business creation through a 12-week experiential-based program, producing either investment-ready firms or ready-to-go, revenue-generating entities.

Incubator 187

Incubator New York City Boston Intellectual Property 187

ReadWriteStart

OCTOBER 4, 2012

Max Delivery does the same, with one big difference: Kozmo was free and was killed by its high-cost, low-revenue business model. (In In 2000 its revenues were $30 million, delivery costs $35 million and net loss $120 million.) Max Delivery charges a fee and makes a profit.

Technical Cofounder 96

Technical Cofounder Cofounder Video New York City 96

SoCal CTO

MARCH 5, 2007

However, Elgg could power 100,000 networks and it would make no difference - there is no revenue stream as we give everything away under a GPL license. Common revenue streams are consulting, training, support, customization, upgraded versions for corporate applications, etc. I understand his frustration.

Open Source 150

Open Source Business Model Technical Cofounder Southern California 150

Where to Play

AUGUST 18, 2020

In 2000, they included tentage into their portfolio and since then they have established themself as a premium brand in marriage event management. Time to revenue is low due to short transactional volume and the short sale cycle. The time to revenue is much longer due to the seasonal and B2B nature of this opportunity.

Pakistan 62

Pakistan Sales Cycle Marketing Technical Review 62

Mike Michalowicz

FEBRUARY 18, 2021

in February 2000 – part time, with the goal to quit my full-time job within one year. By the end of December, 2000 I had sold over $100,000 in Hunter Douglas shadings, through my company, Custom Blinds for Less, Inc. I started this in business part-time, in 2000, loaded with a prayer and a fully stocked min-van.

Balance Sheet 98

Balance Sheet Design Founder Customer 98

Hearpreneur

AUGUST 22, 2018

The Small Business and Mindful Caring Divisions taking off and eclipsing the revenue generated from Home Care. To get this award knowing there are 2000 speakers in this group, is a great honor to me. . Where do you see your business in the next 3-5 years? Anything else additional you want to tell our readers?

Entrepreneur 90

Entrepreneur Technical Review Programming Naming 90

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. “The

Small Business 154

Small Business Exit Strategy Cofounder Angel Investor 154

ConversionXL

JANUARY 18, 2022

Jeff Bezos’s private space technology company Blue Origin was founded back in 2000. And yet, revenue went up by 45% YoY. When you think about revenue intelligence platforms, you absolutely expect their content to be full of ignorable charts, graphs, and stats delivered in corporate pseudo-speak that makes your eyes glaze over.

Marketing 109

Marketing Social Media Non-Compete Audience 109

Both Sides of the Table

JUNE 5, 2011

million post-money valuation with no revenue. It was early 2000. We had companies pitching us that had almost no revenue at all and they were raising $10-15 million in capital at a $40-50 million pre-money valuation. I raised my A round at a $31.5 That was market.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

A Smart Bear: Startups and Marketing for Geeks

APRIL 12, 2010

billion market cap), mid-sized (NetBotz with millions in revenue and funding), and small (sub-$1m operations like us). They were the disruptors, but they didn't profit from the disruption. There were many competitors, both huge (APC with $1.5

Technical Review 243

Technical Review Software Review Engineer Search 243

Steve Blank

MAY 6, 2015

Best practices in software development started to move to agile development in the early 2000’s. revenue streams generated by the value proposition(s). Microsoft Windows 3.0). This methodology improved on waterfall by building software iteratively and involving the customer. customer segments, such as users and payers or moms or teens.

Lean 120

Lean Agile Business Model Customer Development 120

Both Sides of the Table

JULY 29, 2010

The A round was done in February 2000 (end of the bull market) and my B round was done in April 2001 (bear market). People buy companies for 3 primary reasons: 1) they want the management team / talent 2) they want the technology or 3) they want the market traction (revenue, customer base, profits, etc).

Venture Capital 282

Venture Capital Term Sheet Valuation Stock Options 282

YoungUpstarts

DECEMBER 2, 2014

In fact, since 2000, more than 10 million Americans have filed personal bankruptcy due to their employers’ failed health insurance plan. For many, it’s been a struggle. But the Affordable Care Act has changed the game. There are many other tax-related areas where CPAs can show great value to employer clients.

Software Review 206

Software Review Employee Retention Government 206

YoungUpstarts

DECEMBER 5, 2013

Of course incumbents cannot be expected to jeopardize their revenue streams or investments in CRM platforms with new concepts that wipe out the need for their current solutions. Too much was at stake, we couldn’t afford the risk of destabilizing everything and losing substantial revenue.

Programming 150

Programming Turkey Social Media Redemption 150

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. VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter.

Internet 334

Internet IPO Silicon Valley Agile 334

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. Huge downturns have a real impact on the revenue line of start-ups and therefore the pressure on valuations. 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

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. Until 1995 startups going public typically had a track record of revenue and profits. Number of Venture Backed Liquidity Events 1991-2000.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Gust

JANUARY 31, 2013

In 2000, the SEC adopted Regulation FD in response to growing concerns regarding “ selective disclosure.” The first question is a fact-based analysis that involves reviewing Netflix’ public disclosures up until that time, determining the effects on revenue and earnings of the growth in hours streamed, etc.

SEC 158

SEC Prospectus United States Technical Review 158

Austin Startup

DECEMBER 17, 2017

Hurricane Irma had a major negative revenue impact on one whose fall book of business was mostly in Florida. We just closed out in 2017 our 10-year early-stage venture fund started in 2000. All of them got into some “pushing the rope” conundrums where there were many things pending but none getting resolved at the speed we hoped.

Silicon Valley 48

Silicon Valley Atlanta Software Review Early Stage 48