article thumbnail

Is the Lean Startup Dead?

Steve Blank

Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios. It helped that in the nuclear winter that followed the crash, 2001 – 2004, startups and VCs were extremely risk averse and amenable to new ideas that reduced risk. The result?

Lean 335
article thumbnail

Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

million and we seemed likely to raise another $40 million within the first 18 months of operations. 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. Our first big institutional round of VC was $16.5

Warrant 333
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Lemming VCs Cause Venture Recessions

Mucker Lab

Combined with the usual summer slowdown, some are already raising the spectre of 2001 or 2008. As a result, any public market downturn will immediately impact unrealized returns of the fund they are managing due to the late and growth stage companies in their portfolio. The “venture recession” of 2016 is in full swing.

Harvest 60
article thumbnail

Marketing and Growth Lessons for Uncertain Times

ConversionXL

The HBR study contrasts Office Depot and Staples during the 2000 recession: Office Depot cut 6% of its workforce, but it couldn’t reduce operating costs significantly. At the same time, the company contained its operating costs and came out of the recession stronger, bigger, and more profitable than it had been in 1999. Image source ).

Marketing 121
article thumbnail

The Twenty Year Itch: My Last VC Investment Out of Brooklyn Bridge Ventures

This is going to be BIG.

Last August, I passed the point at which I had spent literally half my entire life working in this asset class, having started at the General Motors pension fund doing institutional investments in venture funds and late-stage directs back in February of 2001.

article thumbnail

VC Evolution: Physician, Scale Thyself.

500hats.com

While a flood of new VCs came into existence during the late 90’s internet boom, many had difficulty raising new funds after the crashes of 2000-2001 and 2008 , and as a result significantly fewer fund managers exist now compared to a decade ago. They are operators, through and through.

article thumbnail

Debating the Tech Bubble with Steve Blank: Part I

Ben's Blog

Similarly, Google, well on its way to owning the dominant smart phone operating system and which maintains a near monopoly position in search, trades at a price/earnings (P/E) ratio (ex-cash) of around 13.7. We have over 60 companies in our portfolio and none of them use any products from the current software leader, Oracle.