Both Sides of the Table

JUNE 22, 2011

I recently spoke at the Founder Showcase at the request of Adeo Ressi. I said that at the Founder Showcase, too. And for many of these they were (over) funded 7-10 years ago and don’t necessarily all represent great returns for investors or founders. some founders lose their life savings.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

BeyondVC

JANUARY 3, 2019

Thanks to all of the amazing founders, advisors, co-investors, corporate partners, and others that helped make 2018 an amazing year. To that point, we are most excited when our founders are able to go from slide deck to product-market fit and Series A and beyond. AWS Reinvent Survivor Dinner with founders, Fortune 500 execs, and VCs.

Stealth 79

Stealth Advisory Board Cloud Virginia 79

ReadWriteStart

OCTOBER 4, 2012

The dead startups honored were mobile social-networking company Addieu, mobile game and activity locator Get-a-Game and the late, seldom-lamented but often-derided Kozmo.com, which failed way back in 2001 but to this day is held up as the embodiment of dotcom-era foolhardiness. Max Delivery charges a fee and makes a profit.

Technical Cofounder 96

Technical Cofounder Cofounder Video New York City 96

ConversionXL

NOVEMBER 27, 2019

The proposal also included proclamations from tech-world celebrities like Steve Jobs, Apple’s founder, that the device might change urban life and could be as significant as the development of the personal computer. The New York Times, January 2001. Finally, in December 2001, came the big reveal: Ginger was the Segway. .

Customer 108

Customer Differentiation West Virginia Campaign 108

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). I talked also about 409a valuations and why common stock purchases cost less than preferred stock purchases. But most importantly I lectured founders that you can’t avoid the admin of setting up your ESOP.

Venture Capital 282

Venture Capital Term Sheet Valuation Stock Options 282

ConversionXL

NOVEMBER 27, 2019

The proposal also included proclamations from tech-world celebrities like Steve Jobs, Apple’s founder, that the device might change urban life and could be as significant as the development of the personal computer. The New York Times, January 2001. Finally, in December 2001, came the big reveal: Ginger was the Segway. .

Customer 101

Customer Differentiation West Virginia Campaign 101

The Startup Magazine

JULY 4, 2017

This is where someone else has done all the hardwork for you in establishing the below criteria from getting software providers, licenses, payment methods etc A white label provides all the stuff you need and will cost between £20k-£100k including the white label’s fee. Some costs involved in setting up an online casino.

Securities and Exchange Commission 60

Securities and Exchange Commission Software Review United Kingdom Affiliate 60

ReadWriteStart

OCTOBER 4, 2012

The dead startups honored were mobile social-networking company Addieu, mobile game and activity locator Get-a-Game and the late, seldom-lamented but often-derided Kozmo.com, which failed way back in 2001 but to this day is held up as the embodiment of dotcom-era foolhardiness. Max Delivery charges a fee and makes a profit.

Technical Cofounder 60

Technical Cofounder Video Cofounder New York City 60

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. While the company continues to perform well it has come at a cost. But they were the lucky company because there was an investor that believed in the high-growth scenario and was willing to continue funding at any cost.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Fred Wilson wrote a great piece on this.

LP 311

LP Technical Review Early Stage Silicon Valley 311

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. Instead, I, like many of my colleagues (investors, board members, founders, and CEOs), operated in a state of blissful denial until everything blew up. They are both worth reading right now.

Internet 162

Internet Revenue .Net Operations 162

Both Sides of the Table

SEPTEMBER 18, 2014

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Both Sides of the Table

OCTOBER 14, 2015

I encouraged them to stay in shorter-term space, higher per-unit costs but no capital outlays. We have an entire generation of startup founders who don’t have muscle memory from getting their burn rates back into shape from 2008/09 or 2001-2005. Does this suck? It affects lives. “Our company morale will go down!

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150

Both Sides of the Table

FEBRUARY 28, 2018

The founder of Parachute, Ariel Kaye , had a clear vision for what she wanted to disrupt and how she thought she could do it. If you’re in the market for pure functionality and you value the lowest costs, Amazon will always be a great bet. and thumbing through undifferentiated products in plastic wrapping.

Curation 296

Curation Los Angeles Differentiation Channel 296

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. Another called Parker Harris, the co-founder and CTO. Reasons: cost of sales executives, long sales cycles, deep functional requirements. I am very grateful to my friend Zoli Erdos for finding this retro posting for me at web.archive.org. Biggest lessons ….

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

SEPTEMBER 2, 2009

If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table. Founders however are asked to take low salaries and never really get back the time they worked for free.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

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. Why bother with all the extra costs, people, programs, etc?

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Startup Lessons Learned

JUNE 22, 2020

The Economic Antidote to COVID-19 Eric Ries & Ryan Beck In 2001, Apple's revenue fell by 33% in the depths of the dotcom bust. As revenue contracts, orders slow, and capital markets freeze, conventional wisdom drives business leaders to cut costs and shy away from new projects. The rest is history.

Silicon Valley 60

Silicon Valley Equity Stock Finance 60

YoungUpstarts

MAY 26, 2014

Controlling costs. Nest Labs founder Tony Fadell said, “If you don’t have an emotionally engaging design, no one will care.”. He has been a regular panelist on television’s Forbes on FOX since the show’s inception in 2001. Success in business has traditionally meant having a strategy and excelling at the hard skills.

Analytics 160

Analytics Forecast Cofounder Agile 160

ReadWriteStart

NOVEMBER 5, 2019

The data says otherwise) it was indicated that, according to global investment firm Cambridge Associates, the failure rate for startups has not exceeded 60 % since 2001, based on the monitoring of venture capital investments of 27,259 startups between 1990 and 2010. To set a lousy price in relation to its quality and cost.

Venture Capital 77

Venture Capital Cofounder Finance United States 77

crowdSPRING Blog

JUNE 18, 2013

Most customers are surprised to hear from a founder, and even more surprised when the founder encourages them to send an email or pick-up the phone and talk to the founder directly. Adopting a ‘surprise’ strategy thus requires a careful analysis of the costs and benefits (e.g., Others call.

Small Business 117

Small Business Netherlands Retention Marketing 117

Steve Blank

JULY 11, 2016

How founders cope with startup challenges was the focus of today’s Entrepreneurs are Everywhere radio show. The show follows the journeys of founders who share what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more. And world-class entrepreneurs never quit. Jessica Mah.

Silicon Valley 120

Silicon Valley Entrepreneur Cofounder Customer Development 120

rapidrollout.wordpress.com

JANUARY 15, 2011

Who Uses a Consulting CTO I’m going to focus on the needs of the founders of startup companies: Founders of startups use a consulting CTO when they have business vision but limited knowledge of the technology needed to launch their company. Though after the dotcom collapse of 2000-2001, there are many more than there were!

Fractional CTO 40

Fractional CTO CTO CTO Hire Fractional VPE 40

Both Sides of the Table

SEPTEMBER 27, 2010

And people like Jeff Clavier, Aydin Senkut, Dave McClure, Chris Sacca & Eric Paley (at Founder Collective) are leading the charge. Chris Sacca talked about how a $20 million exit can change a founder’s life and that shouldn’t be scoffed at. That’s awesome. I had two kids and a rental house.

Liquidity Event 308

Liquidity Event Silicon Valley Seed Stage Finance 308

Steve Blank

JANUARY 17, 2016

The show follows the journeys of founders sharing their experiences of what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more. Joining me this week at the Stanford University studio were: Wayne Sutton , co-founder of BUILDUP VC. Dave Kashen.

Silicon Valley 120

Silicon Valley North Carolina Cofounder Entrepreneur 120

ReadWriteStart

AUGUST 26, 2022

So, think of the typical two founders with a pitch book in a garage. Instead, that’s the sort of pre-series-A investment where companies or founders have visions of where they think there are underserved market needs, and they’re coming up with something super excited to try to solve that. . We’re a crossover fund.

Partner 132

Partner Cofounder Retention Acquisition 132

Feld Thoughts

JANUARY 25, 2015

But even if you, as the founder, believe it, you are still probably deluding yourself. Sure, every now and then something magical happens (very high price point, very low cost of customer acquisition, zero churn), but that’s a serious edge case. Ask one of your friends who was a CEO of an Internet company in 2001.).

Finance 70

Finance Bootstrapping Acquisition Revenue 70

Gust

SEPTEMBER 17, 2014

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. You’ll find out the minimum when the next round is raised.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

Steve Blank

MARCH 18, 2011

2001 – 2010: Back to Basics: The Lean Startup. VC’s went back to basics, to focus on building companies while their founders worked on building customers. Startups that win in the bubble will be those that get wide adoption (using freemium, viral growth, low costs, etc) and massive distribution (i.e. Wide Adoption. Visibility.

Internet 334

Internet IPO Silicon Valley Agile 334

om.co

FEBRUARY 5, 2013

Om Malik is the founder of GigaOM. He is the founder of Desiparty.com. Evolution of a Founder: Lessons I have learned. Being a startup founder is hard, tough, frustrating and rewarding – possibly all within the space of a nanosecond. Are You Winning As a Founder? He is a venture partner at True Ventures.

Founder 80

Founder Conversion Distribution Silicon Valley 80

Startup Professionals Musings

APRIL 11, 2016

Witness the struggle of the Segway human transporter, introduced back in 2001.Technology Investors have a rule of thumb that simple cost reductions of less than twenty percent are not enough to convince most users to change to a new solution. Low startup founder resilience and persistence. Technology can change faster than laws.

Las Vegas 120

Las Vegas Entrepreneur Technical Review Government 120

Altgate

APRIL 28, 2012

—————————————– I’ve been collecting data about startups and compensation since 2001. Since 2000, I’ve been collecting information about startups, including how much founders, their lieutenants, and their employees get paid. Myth number 2.

Silicon Valley 50

Silicon Valley Vesting New York City Equity 50

www.noamwasserman.com

MARCH 26, 2012

I’ve been collecting data about startups and compensation since 2001. Since 2000, I’ve been collecting information about startups, including how much founders, their lieutenants, and their employees get paid. The big difference is in equity: Startup CEOs who are not founders get 6.2 Founders make more than everyone else.

Silicon Valley 40

Silicon Valley Vesting New York City Equity 40

Duct Tape Marketing

JANUARY 16, 2014

The emergence of cloud applications like FreshBooks, Constant Contact, and Salesforce are changing the way we work by bringing enterprise power to small businesses at a fraction of the cost. They’re simplifying accounting, invoicing, project management, CRM, and more with no software to install, maintenance, or personnel costs.

Afghanistan 67

Afghanistan Iraq Cloud SMS 67

Seeing Both Sides

AUGUST 3, 2012

Technical founders Tom Leighton and Danny Lewin built the original prototype at their lab at MIT starting in late 1996 before raising capital, so in a sense Akamai’s Minimum Viable Product (MVP) was a prototype with the basic architecture and traffic mapping in place that validated algorithms for the founders and investors alike.

Distribution 49

Distribution Lean Massachusetts Cofounder 49

thebarefootvc

MARCH 8, 2012

I talked about creative disruption and how many significant companies would be formed as a result of this (not dissimilar to what I saw in Silicon Valley while investing post 2001 crash). Media outlets, from Mashable to the Wall Street Journal, didn’t think it was an interesting story at the time and it went unpublished.

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

Software By Rob

DECEMBER 10, 2008

Right now companies are cutting costs and letting go of their $125/hour development shop. A lot of contract work is out there looking for mid- to low-cost providers. Back in 2001 I worked with a consultant who was a developer when times were really good, and a trainer when times were really bad.

Programming 30

Programming Technical Review Software Review RSS 30