View from Seed

SEPTEMBER 14, 2021

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021. So, let’s just look back 10 years to the 2011 vintage. But what do we see from some of the more recent (but mature) vintages?

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

View from Seed

SEPTEMBER 14, 2021

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021. So, let’s just look back 10 years to the 2011 vintage. But what do we see from some of the more recent (but mature) vintages?

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

View from Seed

SEPTEMBER 14, 2021

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021. So, let’s just look back 10 years to the 2011 vintage. But what do we see from some of the more recent (but mature) vintages?

Valuation 156

Valuation Pre-Money Valuation Distribution Early Stage 156

ConversionXL

JANUARY 8, 2021

pic.twitter.com/LKVk6gx1d5 — Pe:p Laja (@peeplaja) December 18, 2020. Mauborgne (2004). The Lean Startup by Eric Ries (2011). Who Not How by Dan Sullivan and Benjamin Hardy (2020). — Pe:p Laja (@peeplaja) December 29, 2020. Ponderings of a PPC Professional by Kirk Williams (2020). Gerber (1995).

PPC 134

PPC Marketing Lean Differentiation 134

Startup Professionals Musings

AUGUST 3, 2012

Partially due to the economy, but also due to longer, healthier lives and changes in job tenure, 62% of working Boomers are now expected to stay in the labor force, with real power and influence, for at least nine more years, to 2020. These trends seem likely to persist.

Technical Review 281

Technical Review United States America Technical Support 281

Both Sides of the Table

DECEMBER 5, 2010

It had grown stratospherically from 2004-2007 to 100 million users, which actually was slightly smaller in December 2007 then MySpace was. But the coincidence is that 10 years out will be 2020 and it’s when we look back from that date I’m certain that people will find a Facebook monopoly a bit laughable. Enter Facebook.

Social Network 318

Social Network Networking Internet Technical Review 318

VC Cafe

FEBRUARY 11, 2020

WeWork (founded 2011) – the WeWork creator fund and WeWork future of work fund are led by Rohit Dave, the We company’s head of M&A. Invision / Design Forward Fund (founded 2011) – Invision’s $5 million fund dedicated to the future of design startups. Their portfolio includes Messari, Opensea.io, and Celo.

Balance Sheet 201

Balance Sheet Startup IPO Venture Capital 201