article thumbnail

Praying to the God of Valuation

Both Sides of the Table

2001–2007: THE BUILDING YEARS The dot com bubble had burst. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). Until we weren’t. Nobody cared about our valuations any more.

Valuation 466
article thumbnail

The Changing Venture Landscape

Both Sides of the Table

We have global opportunities from these trends but of course also big challenges. In 2001 companies IPO’d very quickly if they were working, by 2011 IPOs had slowed down to the point that in 2013 Aileen Lee of Cowboy Ventures astutely called billion-dollar outcomes “unicorns.” two founders in a garage?—?(HP HP Style) are dead.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

So is John Rice, the head of Global Operations along with CFO Jeffrey Bornstein. Newly public tech companies are now going public with dual-class stock, which allows the founders to have more voting rights than the general public. . — In June 2017, the board “retired” Jeff Immelt and promoted John Flannery to CEO.

article thumbnail

An Open Letter to Startup Founders Everywhere in a Time of Crisis

David Cohen

Founders, I’m talking to you. I’ve seen past crises, cycles, and downturns as an investor and as a founder. In 2001, the towers were hit. For the rest of our lives, we’ll all remember this global pandemic that changed everything. Because we know that this is the time for founders everywhere to step forward, not backward.

Founder 174
article thumbnail

The Care And Feeding Of A Startup

YoungUpstarts

When Johnny Earle, the founder of Johnny Cupcakes, started in 2001, he didn’t make baked goods; he sold t-shirts about baked goods! Leverage the power of the Internet to reach a global audience. Startups quickly grow into big companies. He turned his startup capital of $6,700 into $1.2 million after five years.

Cofounder 100
article thumbnail

On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

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.

article thumbnail

10 of the Most Successful Investors of the Last 10 Years

The Startup Magazine

The global financial crisis started in 2007 and it went on for much of 2008. Belnick founded BizChair.com with $500 in 2001. Peter is the founder of Bay Street Capital Partners. Guss is 28 years old and he is the co-founder of Octane Lending. Investments from capital markets to real estate plummeted. Source: Pexels.

Cofounder 142