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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

A lot of people ask me what it was like raising the Series A round for LinkedIn back in 2003. I thought I’d revisit it and share the story… First, you have to rewind mentally to early 2003. Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002.

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What Just Happened

Feld Thoughts

2002 sucked, but it wasn’t as dreadful. 2003 was hard. I was wrong, and then 9/11 happened, and then Enron and Worldcom happened, and business kept getting worse. 2001 was a dreadful year for me. But it still sucked. 2004 was the beginning of what I now refer to as “the grind,” which ended for me around 2007.

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Yahoo! vs Facebook: Lame Lawsuit, Good Timing ? AGILEVC

Agile VC

While it was still a college-focused SNS, Facebook of course launched in 2004 and there were plenty of other examples of social networking already… Friendster (2002), LinkedIn (2003), MySpace (2003), Orkut (2004). All the other stuff Yahoo! With Facebook in the late innings of its IPO process, Yahoo!

IP 100
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Early Stage VCs – Be Careful Out There

Feld Thoughts

For anyone that remembers 2000-2003, this obviously ended badly. By 2002 investments at the seed level had evaporated (there were almost no seed financings happening). In many cases, these rounds were pre-vaporware – just an assertion about what business they were going to create.

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Try On The Decision For 30 Days

Feld Thoughts

In 2003 I seriously thought about quitting Mobius Venture Capital. The depressive episode only lasted three months, but the s**t show continued through 2002 as most VCs and Internet companies suffered a massive collapse. While my world started to settle down in mid-2002, the rest of Mobius started to more aggressively fall apart.

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10 of the Most Successful Investors of the Last 10 Years

The Startup Magazine

Zhitao runs Hangzhou Liaison Interactive, which is a Chinese technology-based company founded in July 2002. Holmes founded a company known as Theranos in 2003 when she was just 19 years old. He invested in a new division in his company in 2009 and has expanded significantly since then. Today, he is worth $1 billion. Elizabeth Holmes.

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How The 5G Revolution Emerged And How It Will Give Business A Boost

YoungUpstarts

The introduction of 3G in between 1998 and 2003 brought 200 Kbps speeds, four times faster than 3G. Rooted in a 2002 Pentagon initiative to replace traditional telephony with a VoIP communications infrastructure, 4G was designed to address the growing need for bandwidth to support the increasing number of mobile device users in the 2000s.