Both Sides of the Table

DECEMBER 11, 2022

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

Valuation San Francisco Ratchet Liquidation Preference 466

Both Sides of the Table

SEPTEMBER 10, 2021

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

Pre-Money Valuation 471

Pre-Money Valuation Valuation Venture Capital Early Stage 471

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 this is happening in mezzanine (pre-IPO) deals as well. And post IPO deals, although these tend to correct more quickly. some founders lose their life savings. Why does all this matter?

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

View from Seed

NOVEMBER 7, 2019

The world is experiencing a global economic crisis of a proportion most living people have never witnessed. Aggregate VC investment in 2009 hits a low of roughly $20B, a figure last seen in 2003 in the wake of the bursting of the dotcom and telecom bubble and 2001 recession. 2009-2011: Retrenchment. Good Times” presentation (Oct 2008).

IPO 202

IPO Early Stage Cofounder B2C 202

YoungUpstarts

FEBRUARY 20, 2015

This is because these days it’s a trendy word, conjuring up images of youthful exuberance, all-night coding parties, and developing revolutionary apps that transform into mind-boggling IPOs. When Johnny Earle, the founder of Johnny Cupcakes, started in 2001, he didn’t make baked goods; he sold t-shirts about baked goods!

Cofounder 100

Cofounder Montana Startup Seed Capital 100

Austin Startup

MARCH 2, 2019

I made very few edits to the original post, mostly in the area of readability and grammar (not in substance of content): Spurred on by my recent Lucky7 post on how capital efficient Bazaarvoice was on its path to IPO , two friends sent me great posts this week on entrepreneurship and risk. First, a little bias here?—?I’m

Advisory Board 51

Advisory Board Cofounder Greece Bootstrapping 51

Agile VC

NOVEMBER 7, 2019

The world is experiencing a global economic crisis of a proportion most living people have never witnessed. Aggregate VC investment in 2009 hits a low of roughly $20B, a figure last seen in 2003 in the wake of the bursting of the dotcom and telecom bubble and 2001 recession. 2009-2011: Retrenchment. Good Times” presentation (Oct 2008).

IPO 100

IPO Early Stage Cofounder B2C 100