Up and Running

JUNE 16, 2014

In 2004, Alexis Ohanian and Steve Huffman launched Reddit. This may include planning for an IPO, a strategic acquisition or for management buyout. If your investor is a match with your industry, believe it or not, the next most important thing is YOU and your TEAM. To illustrate this point, there’s no better story than Reddit’s.

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

YoungUpstarts

NOVEMBER 13, 2012

Google reportedly turned down buyout offers from Microsoft shortly before the 2004 IPO. Google’s value has grown from $23 billion at the time of the IPO to over $200 billion today. eBay was ultimately unable to generate sufficient profits and synergies from the acquisition. Highly profitable. Low profitability.

IPO 162

IPO Exit Strategy San Francisco Startup 162

Both Sides of the Table

JULY 10, 2010

For entrepreneurs who want to learn about how to work with investment banks, how to position yourself to be acquired and what the IPO markets look like this is the episode to watch. How to investment banks help with the M&A (mergers & acquisitions) process? Should you use investment banks to raise venture capital?

IPO 242

IPO Venture Capital Private Placement Cofounder 242

Scalable Startup

AUGUST 26, 2014

There’s a lot of buzz about the Amazon acquisition of TWITCH this week. It gained recognition during the 2004 presidential campaign when Howard Dean’s IT director decided to use it as a platform for community and campaigning. Will Amazon try to acquire all of Acquia before the inevitable IPO? What will come next?

Founder 42

Founder Los Angeles PHP Open Source 42

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY. the 1990s.

Private Equity 68

Private Equity Merger IPO Equity 68

Gust

NOVEMBER 4, 2011

Never missing an opportunity for a good war story, I’d like to revisit one high-profile transaction, the $650 million acquisition of MySpace by Fox Interactive Media in 2005, on which I spent many sleepless nights along with the rest of the deal team. Read on for a fuller explanation. Redpoint, led by Geoff Yang , invested $11.5

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Gust

MAY 24, 2012

Dual-class voting structures are receiving a lot of attention these days along with intense publicity related to the Facebook IPO , following in the wake of other recent tech IPOs with a similar structure such as Zynga and LinkedIn. In the case of an acquisition, the shares are tendered for cash and/or stock in the acquiring company.).

IPO 159

IPO Equity Common Stock Stock 159

David Teten

MAY 16, 2011

Kevin Barhydt, Head of Acquisitions, RPX. Geleerd began his career at Arthur Andersen in tax consulting before leaving to join Sam Zell’s Equity Group where he underwrote the acquisition of over $2 billion of real estate acquired by the Zell-Merrill Lynch Opportunity Funds (which ultimately went public as Equity Office Properties, LLC).

Naming 122

Naming Government Intellectual Property LLC 122

Both Sides of the Table

JULY 1, 2010

Scott left the company, which eventually IPO’d and became Internet Brands. Rumored to have turned down acquisition offers from Yahoo and Facebook. Based in Palo Alto and founded in 2004 by PayPal alumni. Foursquare. -A A location based service which incorporates social and gaming elements. Competitors: Gowalla.

San Francisco 248

San Francisco Venture Capital Analytics Government 248

This is going to be BIG.

MARCH 30, 2015

Would you be surprised to know that almost half of the dot com companies founded when the boom started in 1996 were still around in 2004--four years after the peak of the NASDAQ? Instead of paid acquisition fueling an up and to the right hockey stick, these companies would grow organically.

Hockey Stick 60

Hockey Stick Valuation Startup Maryland 60

The Equity Kicker

APRIL 13, 2012

Throughout our evolution, from privately held start-up to large, publicly listed company, we have managed Google for the long term — enjoying tremendous success as a result, especially since our IPO in 2004. I wanted to quote all that because these were the clear, well-publicized expectations we established for investors in 2004.

Dilution 87

Dilution Stock Government SEC 87

Seeing Both Sides

APRIL 12, 2012

Isn't there plenty of euphoria and "animal spirits" to go around with the IPO market returning, marquee acquisitions (e.g., Instagram at $1 billion) and the impending earth-shattering Facebook IPO? Why is the new investment bar so high today?

IPO 44

IPO Metrics Venture Capital Social Media 44

Professor VC

JUNE 20, 2011

Since the iControl system chronicles all meetings, I was able to find the automatic picture snapped from my first meeting with the founders, Reza Raji and Chris Stevens on April 22, 2004. I took a look back at our original financial model we presented to VCs in 2004. Is $120M enough capital to reach these exit goals?

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Agile VC

NOVEMBER 13, 2012

The entire US economy was booming (in an unsustainable debt binge, in retrospect) from 2004 through much of 2008, and the tech world was booming along with it. In the mid 2000′s VC’s were largely prospering.

LP 154

LP Portfolio Venture Capital IRR 154

online.wsj.com

SEPTEMBER 23, 2012

His findings are based on data from more than 2,000 companies that received venture funding, generally at least $1 million, from 2004 through 2010. Mr. Dreymann moved his family from Israel in 2004 after co-founding Goodmail in Mountain View, Calif., In early 2011 an acquisition by a Fortune 500 company fell apart. Comcast Corp.,

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

David Teten

MARCH 5, 2021

Kauffman Fellows Report (2020): “Diverse Founding Teams generate higher median realized multiples (RMs) on Acquisitions and IPOs]. As mentioned above, we report realized multiples (RMs) only for successful startups that were acquired or went through the IPO process.”.

Cofounder 78

Cofounder Founder Technical Cofounder Technical Review 78

www.theverge.com

JUNE 20, 2012

After Facebooks IPO flub, value of tech startups falls back to earth. Over three nights and two days of drinking, schmoozing, and panel discussion, many of the industries insiders spoke their minds plainly, and the bumbled Facebook IPO was a frequent topic of conversation."Excuse By Ben Popper 06.19.2012.

IPO 48

IPO Stock Switzerland Valuation 48