Remove 2005 Remove Distribution Remove Venture Capital Remove Viral
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Retro: My Favorite Blog Post on Raising VC

Both Sides of the Table

I had previously raised VC in 1999, 2000, 2001 and 2005. On December 3rd Brad Feld wrote a one paragraph blog post titled “ Raising Venture Capital &# in which he linked to my blog. There was no viral social networking products back then like Twitter where people could easily discover your content. Tempus Fugit.

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Seth Sternberg – Meebo

Both Sides of the Table

He grew up in Connecticut attended Yale undergrad and worked for IBM after graduation doing M&A, strategy and venture capital. Meebo gained traction because there’s was viral component when users wanted to tell their friend. In 2005, Meebo started connected users across other websites. Series A round.

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Want to know why charging $12 / year converts higher than $9.99?

Both Sides of the Table

They realized for them this was dumb because people didn’t want to use up their credits so viral adoption wasn’t happening quickly enough. How has the viral coefficient been for you? Gregg gave us specifics on how viral adoption has worked. The viral adoption went to 15-20 per share action.

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How to Raise Money – It’s a Journey Not An Event

Steve Blank

What was a Series A round in 2005 is now a pre-seed or seed round. These elements of the business model– revenue (pricing, pricing strategy), distribution channel, How to Get/Keep/Grow customers, Key Activities, Resources and Costs – are other, critical parts your start up needs to understand and have in place.

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