Both Sides of the Table

NOVEMBER 29, 2010

We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company. I learned everything I know about startups in these lean years: 2001-2004. Scrappiness became a badge of honor.

Warrant 333

Warrant Germany France Cost 333

Babbling VC

AUGUST 10, 2011

OK, hands up, who's truly surprised by the drop in the stock markets or the postponed tech IPO's or even the upcoming slowdown in venture financing? I am seriously babbling like everyone else did in 2001, 2008 and now again in 2011. No really, who is surprised? If you said yes, stick your head back in the sand. This is nothing new.

Germany 76

Germany Stock IPO Valuation 76

Babbling VC

DECEMBER 5, 2010

Ultimately, money ran out again and this fund decided not to participate in a further financing round. In Germany alone, there was something like 85 active funds in 2000. Although I probably couldn't of avoided this mistake, I underestimated at how many tables I'd be sitting alone in 2001. Therefore there was a ton of VC's.

Technical Review 76

Technical Review Europe Portfolio Germany 76

Both Sides of the Table

DECEMBER 18, 2009

We were strong in the UK and they were strong in Germany and Israel (where they had a development office). This was soon after the bursting of the dot com bubble – in early 2001. We got their commitment and our existing investors bridged us until the new financing round could close. million came from Germany.

Germany 298

Germany Entrepreneur Merger Los Angeles 298