2001 Finance Marketing Post-Money Valuation 
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. Truthfully.
Ben's Blog
JULY 16, 2013
What about the efficient market hypothesis? Aren’t markets rational? If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/30/2001: 26.3. In June of 2000, I raised money at an $820M post-money valuation.
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Ben's Blog
JULY 16, 2013
What about the efficient market hypothesis? Aren’t markets rational? If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/30/2001: 26.3 In June of 2000, I raised money at an $820M post-money valuation.
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. It’s like we need a finance 101 course for entrepreneurs.
Professor VC
FEBRUARY 12, 2015
For example, Uber ( not a startup but someone should let TechCrunch know ) is private and has a valuation greater than 70% of the Fortune 500. Back in the day, tech companies typically went public at market caps in $100 - $250M range. or a market cap of $800M. Late private and early public investors were richly rewarded.
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