Both Sides of the Table

JUNE 22, 2011

But this mania to not miss out on the next big thing is driving some investors to pay growth-equity prices for traditional market risk (as in, they’re paying up before it is clear there is product / market fit). And well they should be. And so on down then line. We’re not cheap, but we’re disciplined.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Steve Blank

FEBRUARY 26, 2020

What was a Series A round in 2005 is now a pre-seed or seed round. Pre-Seed Round Paperwork: Smart investors will typically give you minimal paperwork – either a convertible note or a SAFE (Simple Agreement for Future Equity) or a KISS (Keep It Simple Securities). Step 4: Series B – you raise $10-$50M. Step 5: Series, C, D….

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Agile VC

APRIL 17, 2011

2010 Operating Income: $16 million. Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. round closed Feb 2005. 2010 Net Income: $8 million. Series B Preferred.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

VC Cafe

FEBRUARY 8, 2012

Once the acquisition has been completed, Worklight’s operations will be merged with IBM’s software laboratory in Israel, which is headed by Dr. Daniel Yellin. The Petah Tikva-based company was founded in 2005. through its GE Healthymagination Fund, an equity fund of GE Capital and GE Healthcare. ATX Networks Inc.

Flash 60

Flash Private Placement Los Angeles 60

500hats.com

AUGUST 2, 2012

Or, as my friend Marc Andreessen might say, Software Eats the Private Equity World. A few years before all this scandalous VC behavior occurred, in 2005 Paul Graham ) started Y Combinator. They are operators, through and through. Ok, let’s dive in and discuss in more detail. Mega VC, Micro VC. and no, we didn’t.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

The Equity Kicker

JUNE 23, 2016

The first thing to happen was that the bar for a Series A went up – unsurprising given that startups could now get much further with pre-Series A amounts of capital (2005-2010). That created a gap in market which sub $100m dedicated seed funds (aka micro-VCs) stepped into – there are now over 300 of them (2005-2016).

Seed Stage 97

Seed Stage PR Portfolio Operations 97

VC Cafe

OCTOBER 26, 2010

It is said to be a private equity round and at this stage it is unclear if previous investors will be allowed to participate (or just get diluted). It operates through a chip inside a regular camera with a CMOS sensor. PrimeSense was founded in 2005 by Aviad Meizlos, Ofir Sharon, Dmitri Reiss, Alex Shpunt and Tamir Berliner.

Private Equity 111

Private Equity Dilution Valuation Differentiation 111

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.

Private Equity 68

Private Equity Merger IPO Equity 68

Both Sides of the Table

JUNE 12, 2010

Spark Capital is relatively new to VC (founded in 2005) yet has become one of the hottest new VCs having invested in Twitter, Tumblr, AdMeld, Boxee, KickApps and many more companies. RockYou (US) was founded in Redwood City in November 2005 by Lance Tokuda and Jia Shen. Our guest was Mo Koyfman of Spark Capital.

Venture Capital 217

Venture Capital Los Angeles Oakland Asia 217

Startup Lessons Learned

JUNE 19, 2019

In 2005, he retired to focus on giving back, beginning by teaching technology entrepreneurship courses at Stanford, becoming a trustee at the University of Pennsylvania (which he attended undergrad), and funding cancer research with his wife. It was a lot less appealing to me to be a growth equity investor, but that's not why I retired.

Silicon Valley 159

Silicon Valley Lean Venture Capital Pre-Money Valuation 159

www.singlefounder.com

OCTOBER 23, 2010

I’ve been operating the business full time for 10 months now and only recently felt the need to move out of my basement. There’s a missing myth #0: “If my company is successful and I’m making a good salary and my equity is worth millions, I will be happy.&# What changed for Moon River Software?

Software Review 40

Software Review Software Startup Massachusetts 40

Gust

NOVEMBER 4, 2011

In brief, a cap acts to place a limit on the conversion price of a convertible note such that investors are guaranteed a minimum number of shares for their bridge loans if the startup does a priced equity round at a high pre-money valuation – “high” meaning above the cap, which is often a heavily negotiated term. (The

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Up and Running

AUGUST 1, 2017

Venture capitalists essentially buy equity in your brand, which means they now have a say in how you operate. In 2005, Claus Moseholm co-founded GoViral, a Danish company which specializes in harnessing the internet to promote advertisers’ videos and make them go viral. Your business may become unrecognizable.

Venture Capital 113

Venture Capital Cofounder Finance Security 113

The Equity Kicker

JULY 8, 2019

This trend accelerated through the emergence of VC and operator blogging in the early 2000s. . The watershed moment in entrepreneurship becoming more science than art as probably Eric Ries’s publication of The Lean Startup in 2011 (although some would argue for Steve Blank’s Four Steps to the Epiphany in 2005).

Portfolio 84

Portfolio LP Venture Capital Partner 84

David Teten

MAY 16, 2011

He then led the growth of the domain services division, expanded into the aftermarket business and built Oversee’s owned and operated portfolio of domain names into one of the worlds largest, firmly establishing the company as a leader in Internet real estate. Jake Geleerd, President and Chief Operating Officer, Ocean Tomo, LLC.

Naming 122

Naming Government Intellectual Property LLC 122

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 23, 2012

And the same thing happened after we sold IT WatchDogs in 2005. After all, before the house of cards inevitably tumbles, private equity investors get a tidy return. After I sold Smart Bear, that division has increased revenue and profit every year, for five years, even through the 2008/2009 economic disaster.

IPO 240

IPO Flash Bootstrapping Private Equity 240

Altgate

DECEMBER 17, 2009

 You probably have operating budgets for each department. Lastly, once you have this framework in place, make sure to benchmark your salary, bonus and equity for each position in your company using CompStudy data which allows you to narrowly focus on companies that meet your profile and the executive position in question.

Venture Capital 47

Venture Capital Metrics Startup Software Review 47

Professor VC

OCTOBER 11, 2010

Co-founder Dustin Moscovitz is referred to as a programmer, but he is actually an operations guy. It was early in 2005 and the company was Facebook. It could come back and hit you in the face during a deposition Make sure that your co-founders have the right skills and commitment before doling out equity. Steve Bennet.

Social Network 28

Social Network Networking Software Review San Jose 28

The Equity Kicker

DECEMBER 5, 2012

Microsoft’s market share of operating systems is 35%, down from 96% in 1998-2005. Mobile apps are used nearly five times as much as mobile websites. 26-35% of people using their tablets as a second screen are engaging in activity related to what they’re watching – that’s much higher than I’ve seen reported in other surveys.

Mobile 125

Mobile Internet Social Media Portfolio 125

www.vccafe.com

MARCH 11, 2013

Hundreds of startups featured since 2005, will yours be next? YCombinator Series AA Equity Financing Documents. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. VC Cafe highlights everything you need to know from hosting your code in hackathons to open source legal docs. Seed Startups.

Software Review 53

Software Review Technical Review Startup 53

Hearpreneur

JUNE 24, 2018

For example, through our women’s empowerment pillars of Entrepreneurship, Education & Equity – or as we call it, WE3, Community Commerce now invests in underserved women in each of these areas via supplier partnerships, fellowships, scholarships, mentorships and other resources.

Entrepreneur 48

Entrepreneur Community Leadership Canada 48

Altgate

APRIL 22, 2009

  There are three categories (startup, equity financing and bridge loans) so we can expect more to come. link] How to make a 100000 mobile phone prepaid card holders to instruct a telco operator to deduct 0.50   Building that must have been crazy. link] Alternative uses for dryer sheets : : Hermes Handbags [.]

Term Sheet 52

Term Sheet Intellectual Property Venture Capital Hawaii 52

www.businessinsider.com

SEPTEMBER 6, 2012

JOB OF THE WEEK: Operations Manager. Microsofts New Enterprise Operating System Is Going To Be A Big Hit. Many if not most seed investments in startups these days are done in the form of convertible debt, which is a loan that can convert to equity in a subsequent financing. Wow, The iPhone 5 Is Going To Be Pretty Thin.

Silicon Valley 54

Silicon Valley Startup Valuation Venture Capital 54

www.paulgraham.com

OCTOBER 23, 2010

It could mean an operating system, or aprogramming language, or a "framework" built on top of a programminglanguage. If VCs fund you, theyre not going to let you just put the moneyin the bank and keep operating as two guys living on ramen. Fortunately for PayPal they switched CEOs instead. Platform is a vague word.

Startup 108

Startup Software Review Hiring Detroit 108

Duct Tape Marketing

OCTOBER 2, 2017

Again, just the review equity from this alone make podcast guesting worth it. We did this for a couple reasons: John’s been podcasting since 2005 and gets pitched daily by folks that want to be on his popular podcast. One of the things I’ve done, that most guests don’t, is send a request for review feedback right after the show.

Kansas City 58

Kansas City Kansas SEO Marketing 58

Startup Lessons Learned

MAY 25, 2020

13:58) Advice for companies who think it's too late to start looking for new ways to operate, including some examples from Austin, Texas. (15:55) And then from there, I was running a fitness company on the west coast by the name of 24 Hour Fitness, which was private equity backed and quite a bit of debt. And look, it was a scary time.

Technical Review 148

Technical Review Balance Sheet Texas Austin 148

Altgate

APRIL 26, 2009

Basically the survey collects salary, cash bonus and equity information for the top executives in private companies (mostly venture- and preventure-backed companies). One is that company founders have a significant discount in terms of cash compensation (but obviously a premium in equity). Bookmark the permalink.

Term Sheet 60

Term Sheet Venture Capital Startup 60

www.paulgraham.com

APRIL 28, 2010

November 2005 Venture funding works like gears. Most startups operate close to themargin of failure, and the distraction of having to deal with clientscould be enough to put you over the edge. And we think its better if startups operate out of their ownpremises, however crappy, than the offices of their investors.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Bryce Dot VC

SEPTEMBER 28, 2015

As a venture funded startup, you’re supposed to operate a certain way. Back in 2005 we started a venture firm called OATV, O’Reilly Alpha Tech Ventures, myself, my partner Tim O’Reilly, and my partner Mark Jacobson. I think that’s dangerous. We were seeing things that used to take $5M to launch were now $500,000.

Venture Capital 40

Venture Capital Valuation Los Angeles Chicago 40

techcrunch.com

OCTOBER 23, 2010

This is the first post in what’s going to be a series of blogs on how to go from nothing – no connections, no team, no money and no knowledge of how the startup industry really works – to operating a growing business. I’m taking a 52 week course in how to start up, run, operate, and achieve self employment.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84