Seeing Both Sides

NOVEMBER 30, 2013

We looked at the companies in New England (call them "Boston and surrounding") that had exited in the last 10 years (2003-2013) with greater than $500 million in market valuation. In order to have a reasonable population of companies to assess, we tweaked Aileen''s definition.

Boston 55

Boston Technical Review Silicon Valley Software Review 55

Steve Blank

SEPTEMBER 14, 2009

The IPO Bubble – August 1995 – March 2000 In August 1995 Netscape went public, and the world of start ups turned upside down. Yahoo would hit $104/share in March 2000 with a market cap of $104 billion.) The boom in Internet startups would last 4½ years until it came crashing down to earth in March 2000. billion.)

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

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). Mobile and web software apps may cost even less. Super Angels sometimes drive up valuations.

Angel Investor 260

Angel Investor Silicon Valley Startup Portfolio 260

Steve Blank

MARCH 18, 2011

The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. Software companies had to buy specialized computers and license expensive software. August 1995 – March 2000: The Dot.Com Bubble.

Internet 334

Internet IPO Silicon Valley Agile 334

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. During the decade between 1991 and 2000, nearly 2000 venture backed companies went public. Here’s why. Take a look at the chart below. (It

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

www.inc.com

SEPTEMBER 24, 2011

Business Software. 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. Human Resources (HR).

Arizona 40

Arizona Equity Iowa Venture Capital 40

500hats.com

AUGUST 2, 2012

Or, as my friend Marc Andreessen might say, Software Eats the Private Equity World. 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.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Austin Startup

AUGUST 20, 2017

Keep the valuations consistent with company progress. The bottom line is that the pedigree of your investors will have much to do with your ultimate valuation and with your enjoyment of the startup experience. From time immemorial, or at least since programming became a profession, the creation of software has been a magical journey.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Cracking the Code

NOVEMBER 13, 2008

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. It is also intriguing to see that the market bottom was reached only two years after the start of the decline for the 1929, 1973 and 2000 crises, so we might need another year before the market reaches it lowest point.

Software Review 48

Software Review Technical Review Valuation Portfolio 48

Berkonomics

SEPTEMBER 27, 2018

The company made little effort to charge for the software or community. Within three months, we easily obtained $3 million of investment at a pre-money valuation of $30 million. Three months later, another investor company in the business offered to invest $3 million at a valuation of $60 million.

Pre-Money Valuation 48

Pre-Money Valuation Sales Liquidity Event Valuation 48

www.inc.com

SEPTEMBER 24, 2011

Business Software. We had a rough time early on," says Parker, president and chief technology officer of Roving Software Inc. , 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. Copyright © 2000 inc.com.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Both Sides of the Table

MAY 23, 2012

If you want to understand the details of why this is, I covered it in detail in this post, Understanding Changes in the Software Industry. Yes, it’s true that FOMO (fear of missing out) is driving some irrational behavior and valuations amongst uber competitive deals and well-financed VCs. The Funding Problem. Today’s Normalization.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

The Equity Kicker

APRIL 22, 2016

I first noticed it in late 2000 when the fund I was working for was invested in one of six high profile and highly funded enterprise portal businesses. This is a movie we’ve seen many times before, although it is usually an industry sector that gets over-funded rather than a stage of investing.

Burn Rate 60

Burn Rate IPO Valuation Mobile 60

Growthink Blog

APRIL 2, 2014

in the 1st quarter - the largest number of new issuers since 2000 -raising a total of 11.1 And wrong about what is so clearly the dominant leadership position of this country in all of the great technologies growth industries of the 21st Century - software, biotechnology, energy, digital media, and more. Wrong about the U.S.

Private Equity 69

Private Equity Merger IPO Initial Public Offering 69

Berkonomics

SEPTEMBER 17, 2011

The company made little effort to charge for the software or community. Within three months, we easily obtained $3 million of investment at a pre-money valuation of $30 million. Three months later, another investor company in the business offered to invest $3 million at a valuation of $60 million. Of course we took all of these.

Liquidity Event 59

Liquidity Event Pre-Money Valuation Sales Valuation 59

Austin Startup

JULY 23, 2010

The company creates the leading software in an enterprise niche called pricing optimization and margin management. The cash looks good on the balance sheet, and venture investors want to pile on money at low valuations before the valuation increases by 10x as a public stock. An item’s price is the price.

Balance Sheet 67

Balance Sheet Private Equity LP IPO 67

Both Sides of the Table

OCTOBER 15, 2009

million which closed the first week of March 2000 – a week before the market crashed. One the one hand I feel great because we went out and built software that solved an industry problem. True story.) Our first big round of venture capital (our A round) was a whopping $16.5 The expectations of our company having raised $16.5

Founder 299

Founder Technical Review Startup Venture Capital 299

Ben's Blog

MARCH 24, 2011

As we do so, keep in mind that the relevant bubble statistic is not valuation. High valuations are fine if the underlying value is there. In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. If too much venture capital hits the streets, valuations will bubble up.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

Seeing Both Sides

DECEMBER 27, 2013

The NASDAQ is up 30% this year and achieved its highest level since September 2000. Aileen Lee''s now-famous unicorn analysis listed 39 companies founded in the last 10 years who had achieved $1 billion plus valuations. Half of CEOs and VCs are optimistic about next year''s exit environment.

IPO 49

IPO Stock Valuation Portfolio 49

Ben's Blog

OCTOBER 29, 2020

Once again, the 1999-2000 dot-com bubble period shows the highest percentage of pricing above the initial filing range – 44% of deals were priced above. Even assuming they wanted to raise the same amount of nominal dollars at the IPO as in the past, higher valuations means they can do so by issuing many fewer shares.

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

BeyondVC

DECEMBER 20, 2004

We did our own analysis of venture-backed software IPOs a couple of years ago (based on SEC filings, etc.) received its first venture funding prior to 2000 and 159 or 64.4% received its first round of funding between 1999 and 2000. using pre-bubble data and this is what we found.

IPO 60

IPO SEC Valuation Revenue 60

Both Sides of the Table

DECEMBER 5, 2010

Was it massively better software, better companies, better markets? MySpace would liked to have owned YouTube but didn’t have the public stock valuation to purchase them at the price that Google did. Third-party software companies will start to offer features to websites to actually drive social features. The Present Era.

Social Network 318

Social Network Networking Internet Technical Review 318

Steve Blank

JUNE 22, 2011

Prices for both private and public tech valuations exceed any rational valuation to their current worth. Is this tech bubble as broad as the 1995-2000 dot.com bubble – no. In 5 to 10 years most of them will be worth a fraction of their IPO price. A few will be worth much, much more. Are tech bubbles necessarily bad – no.

Internet 295

Internet Silicon Valley United States .Net 295

VC Cafe

OCTOBER 2, 2020

in 2000, M-Systems, inventor the disk-on-key, was acquired for $1.6 billion valuation when it was acquired by Google. Since then, Israel has produced unicorns in many software categories, from health to cyber and enterprise to consumer. Lucent acquired Chromatis for $4.8b Billion by Sandisk in 2006, etc.

Venture Capital 183

Venture Capital Acquisition IPO 183

Cracking the Code

JULY 15, 2020

With this milestone, Europe has clearly established itself as a key center for software innovation in the world. As a consequence, SaaS public multiples and private company valuations are at an all time high, and the pace of cloud innovation is accelerating. at the time of this post.

Europe 71

Europe Cloud Valuation 71

www.paulgraham.com

APRIL 28, 2010

We chargedquite a lot for our software—about $140 per user per month—butit was at least a year before our revenues would have covered evenour paltry costs. A startup with a couple founders in their early twenties can haveexpenses so low that they could be profitable onas little as $2000 per month. Be independent.

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77

Cracking the Code

OCTOBER 13, 2020

UiPath broke that milestone this summer, in just nine months, establishing Europe as a major global center for software innovation. There are now eight software companies north of a $100 billion market cap, representing $2.7 trillion of market value. Europe has also joined the race with its first Cloud giants.

Europe 71

Europe Cloud Silicon Valley 71

Ben's Blog

MAY 24, 2021

Prior to joining Andreessen Horowitz, I held several executive positions in a publicly-traded software company and was previous to that an investment banker. In fact, if you exclude the Dot Com Bubble of 1999-2000, they have been steady for nearly thirty years. 1999-2000 51.6% Time Period IPO Pop % Above IFR 1999-2000 51.6%

SEC 36

SEC Accredited Investor IPO Technical Review 36

Venture Chronicles

JUNE 4, 2011

Leveraging Infographics to Improve Your SEO Rankings | 3dcart Shopping Cart Software Blog. “In trying to determine the likelihood of another bubble, there is on the one hand, the large worldwide growth in the number of Internet users since 2000, and the improvement in the business models of online companies. tags: blog.

San Francisco 32

San Francisco Curation Social Network SEO 32

Up and Running

DECEMBER 9, 2014

For this discussion, we were joined by CEOs Jared Hecht of Fundera, Joshua Reeves of ZenPayroll, Matt Rissell of TSheets, and our own Sabrina Parsons of LivePlan and Palo Alto Software. Then now into TSheets which is a subscription based software with a much different model so again thank you for having us, having me on the panel.

Small Business 95

Small Business Finance Forecast Metrics 95