Both Sides of the Table

NOVEMBER 14, 2010

While many of my friends bragged about their 5 condos in Florida I kept talking about how the real estate market was in a bubble – their gains an illusion. They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. It is slowly becoming Florida Condos.

Florida 299

Florida Technical Review San Antonio Los Angeles 299

Steve Blank

JUNE 10, 2010

Once they found a profitable business model they realized that scale required external venture capital to fuel rapid expansion. With venture capital came accountability to board members, forecasts, and other people’s agendas. Irfan started off with 100 such rickshaws in 2007 and have 300,000 today.

Silicon Valley 328

Silicon Valley Entrepreneur United States New York City 328

abovethecrowd.com

JUNE 2, 2021

Consider these facts: Start by poring over the data compiled by Jay Ritter at the University of Florida. If you add in 7% banker IPO fee, that represents a 55% cost of capital (for an entire year worth of IPOs, count 165). It took courage for Zach Nelson and the team at Netsuite to also use a Dutch Auction in 2007.

IPO 82

IPO Customer Matching Silicon Valley 82