Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. What accelerated this was the collapse of the public stock markets.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Feld Thoughts

SEPTEMBER 24, 2017

That perfectly describes how 2001 felt to me. In 2001, I was on the board of four public companies (and was co-chairman of two of them which I had been a co-founder of.) Sometime in the spring of 2000, all of them hit their peak stock price. My moment of capitulation came sometime in the early summer of 2001.

Internet 129

Internet Cofounder Stock Entrepreneur 129

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 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. That may be.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

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. And so forth.

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

The Startup Magazine

NOVEMBER 13, 2018

Belnick founded BizChair.com with $500 in 2001. Peter is the founder of Bay Street Capital Partners. He runs a hedge fund focused on consumers and industrial stock. Guss is 28 years old and he is the co-founder of Octane Lending. What have entrepreneurs been up to since then? Source: Pexels. Sean Belnick. Peter Gylfe.

Cofounder 139

Cofounder Venture Capital India Valuation 139

VC Cafe

JULY 4, 2022

Venture Capital Feels the Stock Market’s Pain, Wall Street Journal. The Economist talked about “ Venture capital’s reckoning “ and why despite the crisis in the market, and the large number of layoffs in the market, this crisis will not be like the dot com bust in 2001. VC funds invested about $47.5

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

Both Sides of the Table

SEPTEMBER 29, 2009

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. The professor plotted data and showed us statistically that most people buy stocks when they are booming (e.g. The best MBA class I took was an investment strategy class. overvalued) and sell when the fall precipitously.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

YoungUpstarts

JANUARY 13, 2013

by Elisha Tan, founder of Learnemy. Boyd Au is the co-founder of Enzer Corporation Ltd with over 25-years proven track record in entrepreneurship. He started his business from scratch and grew it into a public-listed company on the Singapore Stock Exchange in 2001. So what do you do? You can enroll for the seminar here.

Singapore 180

Singapore Cofounder Acquisition Stock 180

Startup Lessons Learned

JUNE 22, 2020

The Economic Antidote to COVID-19 Eric Ries & Ryan Beck In 2001, Apple's revenue fell by 33% in the depths of the dotcom bust. Among them are likely the founders of our country’s next great businesses. Imagine if a public company’s stock issuance were priced to the quality of the investor. The rest is history.

Silicon Valley 60

Silicon Valley Equity Stock Finance 60

Hunter Walker

APRIL 11, 2014

Taking stock of the last twelve months emphasized two things for me. First, how excited we are about the founders we’ve backed and how easy that makes working hard on their behalf. We back plenty of first time founders. Second, how fortunate I am that along the way in my career, certain people have helped out.

Stock 115

Stock Founder Hiring Management 115

genylabs.typepad.com

SEPTEMBER 24, 2011

I often take stock in lieu of cash. I have a file drawer full of worthless stock certificates and I continue to add to it. Not all start-up stock is created equally. what kind of stock you are getting. where your stock sits in the liquidity preference stack. what kind of stock you are getting.

Equity 40

Equity Technical Review San Jose Stock 40

Feld Thoughts

OCTOBER 30, 2014

He had just read my post on being uncomfortable with the phase of the current cycle and told me an anecdote from the great Internet bubble of 2001 that I hadn’t heard. In it, he talks about how he handles public company stocks that he ends up with either via an IPO or a sale of a company he’s involved in to a public company.

Valuation 143

Valuation Stock Angel Investor IPO 143

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. Stock Option plans. At an accelerator …. Him: Not so good.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Warrant 153

Both Sides of the Table

APRIL 22, 2010

It’s still important advice for startup founders and something that I’m passionate about. You’re a startup founder. You start fighting with your co-founder whom you thought you understood. And he has already vested 75% of his stock options at your company. This is part of my startup advice series.

Hiring 392

Hiring Employee Vesting Silicon Valley 392

Hearpreneur

JANUARY 21, 2017

So I decided to become an Entrepreneur and start my own company for people who wanted to learn about trading in the Stock Market. By this time, Erin had already spent 4 years in operations at a startup that was in skyrocket growth mode, so she knew her knowledge in scaling operations was as valuable as this idea; she became my co-founder.

Entrepreneur 48

Entrepreneur Investment Bankers PR Social Media 48

Feld Thoughts

APRIL 21, 2016

“Many Unicorn founders and CEOs have never experienced a difficult fundraising environment — they have only known success. The “Many Unicorn founders …” quote is the first of four emotional biases that Bill calls out. Fred Wilson’s daily post referred to the article in Don’t Kick The Can Down The Road.

Marketing 70

Marketing Down Round Startup IRR 70

Feld Thoughts

JANUARY 25, 2015

But even if you, as the founder, believe it, you are still probably deluding yourself. We funded the business with $10 (for ten shares of stock) and my dad personally guaranteed a $20,000 line of credit with his bank. Ask one of your friends who was a CEO of an Internet company in 2001.). .” It’s probably b t.

Finance 70

Finance Bootstrapping Acquisition Revenue 70

Steve Blank

MARCH 18, 2011

2001 – 2010: Back to Basics: The Lean Startup. VC’s went back to basics, to focus on building companies while their founders worked on building customers. Finally, new forms of liquidity are emerging such as private-market stock exchanges for buying and selling illiquid assets (i.e. SecondMarket , SharesPost , etc.).

Internet 334

Internet IPO Silicon Valley Agile 334

online.wsj.com

JULY 11, 2012

Virtual Stock Exchange. Stock Quotes. Andreessen Horowitz is telling entrepreneurs it prefers situations where the founders have controlling stakes, reckoning that theyll be better able to resist outside distraction and focus on making great products. MarketWatch. SmartMoney. SmartMoney. AllThingsDigital. AllThingsDigital.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

ReadWriteStart

AUGUST 26, 2022

So, think of the typical two founders with a pitch book in a garage. Instead, that’s the sort of pre-series-A investment where companies or founders have visions of where they think there are underserved market needs, and they’re coming up with something super excited to try to solve that. . We’re a crossover fund.

Partner 132

Partner Cofounder Retention Acquisition 132

Ben's Blog

JULY 16, 2013

3/30/2001: 26.3. In fact, if you are like most companies, your managers probably implied to your employees that your stock price would only rise as long as you were private. They might have said something ridiculous like: “Based on the current price of the preferred stock, your offer is already worth $5M.” 3/29/1996: 22.3.

Down Round 78

Down Round Marketing Preferred Stock Post-Money Valuation 78

om.co

FEBRUARY 5, 2013

Om Malik is the founder of GigaOM. He is the founder of Desiparty.com. Evolution of a Founder: Lessons I have learned. Being a startup founder is hard, tough, frustrating and rewarding – possibly all within the space of a nanosecond. Are You Winning As a Founder? He is a venture partner at True Ventures.

Founder 80

Founder Conversion Distribution Silicon Valley 80

The Next Web

OCTOBER 10, 2013

How many founders are too many? You are the founder, the visionary, the uber-entrepreneur. VCs don’t fund sole founders and, if you are alone, you’ve either got too much ego or you can’t convince someone to join you. Two” – You have to have three founders. Decisions – as a founder you want to make a decision and go.

Cofounder 143

Cofounder Technical Cofounder Kenya Dilution 143

Seeing Both Sides

AUGUST 3, 2012

Technical founders Tom Leighton and Danny Lewin built the original prototype at their lab at MIT starting in late 1996 before raising capital, so in a sense Akamai’s Minimum Viable Product (MVP) was a prototype with the basic architecture and traffic mapping in place that validated algorithms for the founders and investors alike.

Distribution 49

Distribution Lean Massachusetts Cofounder 49

Ben's Blog

JULY 16, 2013

3/30/2001: 26.3 In fact, if you are like most companies, your managers probably implied to your employees that your stock price would only rise as long as you were private. They might have said something ridiculous like: “Based on the current price of the preferred stock, your offer is already worth $5M.” 3/29/1996: 22.3

Marketing 46

Marketing Preferred Stock Post-Money Valuation Down Round 46

Software By Rob

DECEMBER 10, 2008

But stock indexes continue to slide and the unemployment numbers are getting worse. Back in 2001 I worked with a consultant who was a developer when times were really good, and a trainer when times were really bad. Im a serial web entrepreneur here to share what Ive learned in my 11 years as a self-funded startup founder.

Programming 30

Programming Technical Review Software Review RSS 30

Eric Friedman

AUGUST 18, 2021

Dan is the co-founder of Standard Treasury, a Y Combinator backed company. He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. How do you get to that point if you have that kind of a view of the world, of founders, and of this space? Fred Ehrsam , his co-founder, is also incredible.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Hunter Walker

JANUARY 24, 2021

Startups Should Work To Make Their Employees Wealthy Not Just Their Founders And Investors. You see, it was for work I’d performed from 2001–2003 at a startup called Linden Lab, the company behind virtual world Second Life. And why we work with the founders we back to make sure there’s enough equity set aside to make great hires.

Silicon Valley 83

Silicon Valley Equity Vesting Cofounder 83

Both Sides of the Table

FEBRUARY 25, 2010

My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. I lived through this again September 2001. If anything changed (stock market crash, real estate crash, somebody trying to buy Salesforce.com, whatever) I could end up with goose eggs.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Seeing Both Sides

MARCH 19, 2009

  In 2001/2002, it was Tyco’s CEO Dennis Koszlowski spending $1 million of shareholder money on his wife’s 40 th birthday party (mine is coming up this summer, by the way, and I don’t think it will cost my LPs very much at all, really).   Moritz views high salaries with immense suspicion.

Entrepreneur 22

Entrepreneur Salary DC Equity 22

abovethecrowd.com

FEBRUARY 27, 2019

Founded by Michael Bruno in Paris in 2001, 1stdibs (*) is the world’s largest online marketplace for luxury one-of-a-kind antiques, high-end modern furniture, vintage fashion, jewelry, and fine art. The estimated annual GMV of GOAT and its leading competitor Stock X is already over $1B per year (on a combined basis). annual GMV.

Internet 88

Internet Matching Vertical Hosting 88

VC Cafe

OCTOBER 20, 2010

Marketing director Neta Mintz, vintner Arzy, and owner and founder Roy Yitzhaki would undoubtedly be the first to admit that. Vitkin Winery – Vitkin winery was established on the Rutenberg-Belogolovsky farm in Vitkin Village, Israel, during the 2001 harvest. Merges the veteran old French Colombard grape with the new immigrant.

Offshore 74

Offshore Harvest France 74

Up and Running

DECEMBER 11, 2017

Under their agreement, if the debtor company couldn’t pay the money back within six months, the lender could buy stock in the company at a 40 percent discount. Juliette Gust is the founder of Ethics Suite , a platform for employees in the restaurant and hospitality industries to report employer misconduct without getting into trouble.

Small Business 90

Small Business Reputation Employee New York 90

blog.expensify.com

APRIL 24, 2012

Look at what happened with Microsoft’s attempt to get the London Stock Exchange onto.NET – a total failure. We wrote all of our software in VB6 and then ported it to.NET in 2001/2002. Your analogies are flawed as it shows both your lack of understanding of.NEt and even the fast food business. Michael Chan.

Java 107

Java PHP Software Review Coder 107