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The Long-Term Value of Loyalty

Both Sides of the Table

Most of what I learned about operating startups I learned from the really tough years at my first company from 2001-2003. My company had raised venture capital in April 2001 but we were told that there may never be any more coming. and we ultimately sold when we hit $14 million and had more than $30 million in backlog revenue.

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What Makes an Entrepreneur (4/11) – Resiliency

Both Sides of the Table

This was soon after the bursting of the dot com bubble – in early 2001. And for all of this we had no dilution and paid no money. million in recurring revenue of which $600k came from Germany. We were going to avoid the embarrassment of being a total dot com flame out. We signed deals worth $1.2 But we did $2.1

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Time is the Enemy of All Deals

Both Sides of the Table

But we weren’t optimizing for dilution – we were building a $1 billion+ company and we wanted the runway to succeed. I lived through this again September 2001. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. I lived through this again September 2001.

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

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.

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On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets

Ben's Blog

There are a number of trends concerning IPOs and capital formation to note: First, the raw number of IPOs has declined significantly: From 1980-2000, the US averaged roughly 300 IPOs per year; from 2001-2016, the average fell to 108 per year. 44% 2001-2019 13.7% First, as the below chart shows, IPO pops are not a new phenomenon.

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Bad Notes on Venture Capital

Both Sides of the Table

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. Your A round?

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What is the Right Amount of Money to Raise at a Startup?

Both Sides of the Table

But there are also problems / risks: - the funding environment might change dramatically – there may never be a next round (see: March 2000, September 11, 2001 and September 2008). - Your revenue will take longer to ramp then you think. .&# If it works you’re a hero. add a buffer. that is the correct amount to raise.