Genuine VC

MARCH 26, 2012

Over the past decade, VCs have been lamenting about the poor state of the IPO markets and that the number of real potential acquirers for consumer internet startups has dwindled down to a handful, if that. That optimism, even, can extend beyond the IPO markets to M&A as well.

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Acquisition Internet IPO Venture Capital 100

Agile VC

JUNE 5, 2011

So Groupon obviously filed their S-1 the other day to formally being the IPO process. Founding Date: 2009. Revenue Growth: 2241% YoY (2010 vs 2009), 1357% YOY (Q1 2011 vs Q1 2010). Gross Profit Margins: 42% (Q1 2011), 39% (2010), 36% (2009) –> i.e. for every $1 of Groupons sold, the company currently keeps $0.42

Chicago 100

Chicago North America Boston Silicon Valley 100

ReadWriteStart

JANUARY 3, 2011

billion, a 25% increase in exits from 2009. That's a five-fold increase from the 8 IPOs that raised $903 million in 2009. M&A activity did drop off in the fourth quarter of the year, but overall it was ahead of 2009 as well, with 445 M&As raising $33.9 514 companies achieved liquidity in 2010, netting $39.3

IPO 118

IPO .Net Capital Gains Acquisition 118

Version One Ventures

OCTOBER 7, 2014

million from 2009-2013. million from 2009-2013. Its customer acquisition costs are roughly 85 times that of Moz (if Krager’s figures are accurately comparing apples to apples). After the IPO, they can recover those losses. News Hubspot Initial public offering IPO Moz Software as a service Unbounce' Moz made $72.5

Initial Public Offering 148

Initial Public Offering IPO SEC Valuation 148

Cracking the Code

NOVEMBER 10, 2009

Tuesday, November 10, 2009. The acquisition of Omniture by Adobe for $1.8B and the second SaaS public transaction in history behind the acquisition of Webex by Cisco in 2007 for $3.2B. On the IPO front, LogMeIn made the news, being one of the few tech IPO on the NASDAAQ in 2009. ▼ 2009. (9).

Software Review 48

Software Review Technical Review IPO Cloud 48

The Equity Kicker

DECEMBER 18, 2012

I wouldn’t argue with that, but the interesting thing is that the landmark mobile adtech acquisitions happened three years ago when Google acquired Admob for $750m in Nov 2009 and Apple followed with the acquisition of Quattro Wireless for $275m in Jan 2010. The earlier eMarketer data is here and here.

Mobile 100

Mobile Acquisition Forecast IPO 100

Startup Lessons Learned

SEPTEMBER 22, 2008

is an elegant way to model any service-oriented business: Acquisition Activation Retention Referral Revenue We used a very similar scheme at IMVU, although we werent lucky enough to have started with this framework, and so had to derive a lot of it ourselves via trial and error. The AARRR model (hence pirates, get it?)

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Startup Professionals Musings

JULY 5, 2011

Even though the Initial Public Offering (IPO) alternative for a successful startup seems to be coming back into vogue, it is still extremely rare. companies made the IPO transition in 2009, out of thousands of startups. With the more popular Merger & Acquisition (M&A) exit strategy, the control stays with the new entity.

Exit Strategy 235

Exit Strategy IPO Investment Bankers Entrepreneur 235

prosperati.com

OCTOBER 23, 2010

There must be a healthy acquisition or IPO pipeline in the market. Malaysia unfortunately does not have a good technology IPO pipeline. Certainly if Zoecity was mature enough within an imminent exit (IPO or acquisition) this might have worked greater. Without an “exit&# , you will never exercise your options.

Offshore 40

Offshore Malaysia Developer Stock Options 40

Ben's Blog

OCTOBER 29, 2020

Since then, the debate over IPOs has continued, with a particular focus on allegedly underpriced offerings that jump shortly after opening — the dreaded “pop.” ” As some criticism has it, this supposedly deprives companies of millions of dollars that should have been theirs if not for underpricing the IPO.

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

Startup Lessons Learned

AUGUST 2, 2008

Its the same with acquisitions. ► August (2) SXSW Case Study: SlideShare goes freemium ► July (4) Case Study: kaChing, Anatomy of a Pivot Some IPO speculation Founder personalities and the “first-class man&# th. No one wants to buy you till someone else wants to buy you, and then everyone wants to buy you.

San Francisco 125

San Francisco Software Review Technical Review Continuous Deployment 125

YoungUpstarts

NOVEMBER 13, 2012

When Amazon came knocking in 2009, they had been modestly profitable for only two years. 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. They accepted the offer and sold the company for $1.2

IPO 162

IPO Exit Strategy San Francisco Startup 162

Version One Ventures

OCTOBER 7, 2014

million from 2009-2013. million from 2009-2013. Its customer acquisition costs are roughly 85 times that of Moz (if Krager’s figures are accurately comparing apples to apples). After the IPO, they can recover those losses. News Hubspot Initial public offering IPO Moz Software as a service Unbounce' Moz made $72.5

Initial Public Offering 78

Initial Public Offering IPO SEC Valuation 78

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? April 14, 2009 3:09 PM Eric Santos said. April 14, 2009 4:03 PM Dave McClure said. thats SNL Jan 1976: [link] April 15, 2009 2:00 AM Matt Prados said.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Seeing Both Sides

NOVEMBER 1, 2011

The CEOs on the panel were (from left to right): Michael Simon, CEO/founder of LogMeIn (2009 IPO) . Scott Griffith, CEO ZipCar (2010 IPO). Gail Goodman, CEO Constant Contact (2007 IPO). Colin Angle, CEO/cofounder of iRobot (2005 IPO). Niraj Shah, CEO/cofounder of Wayfair ($500m revenue).

Technical Cofounder 45

Technical Cofounder Cofounder IPO Boston 45

Both Sides of the Table

MAY 4, 2010

They’ve had a total of 12 deals that have IPO’d. ReachLocal – we discussed this deal at length including what amount of revenue does it take to get to an IPO (Jim’s view, sub $100 million in fine as long as you have good margins and a strong growth rate). Its net income for the 2009 period is $11.66

IPO 236

IPO .Net Venture Capital Strategic Investors 236

Startup Lessons Learned

SEPTEMBER 2, 2008

In a subscription business, maybe your attrition starts matching your acquisition, balancing like magic. Or your cost of customer acquisition just magically floats up to match your customer lifetime value. Towards a new entrepreneurship ► 2009 (88) ► December (4) Continuous deployment for mission-critical applica.

San Francisco 60

San Francisco Continuous Deployment Lean DC 60

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. In the 20th century tech companies and their investors made money through an Initial Public Offering (IPO). Founders in the Driver’s Seat.

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Founder Technical Review CTO Hire IPO 245

ReadWriteStart

APRIL 2, 2012

IPOs by year, 1980-2011, with pre-IPO last 12-month sales less than (small firms) or greater than (large firms) $50 million (2009 purchasing power). But it could affect one thing right away: the level of buzz and information surrounding young IPOs, which no longer have to keep mum. Number of U.S. Credit: Prof.

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IPO Startup Florida Seed Capital 121

The Equity Kicker

APRIL 20, 2012

Their success led to a $750m acquisition by Google towards the end of 2009 and Apple responded by acquiring Quattro , the second player in the market for $250m at the beginning of 2010.

Advertising 102

Advertising Mobile IPO Marketing 102

Pascal's View

AUGUST 22, 2009

On Monday, August 10, Barron’s ran a story “Does the IPO Market Shun Smaller Companies?”, This practice has created “ a near oligopolistic hold on tech IPOs ” by these large investment banks. The IPO chasm that exists today is the result of the death of the sub $50 million IPO. jobs today.

IPO 40

IPO Merger Institutional Investors Venture Capital 40

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

Seeing Both Sides

NOVEMBER 30, 2010

Bill Gurley’s excellent piece on Silicon Valley IPO Anxiety inspired me to take a companion look at the East Coast, particularly Massachusetts and New York, and evaluate the health of the local IPO economy and prospective pipeline. 2009 Revenue (mn). Glasshouse ($90m) – registered for IPO . Market Value (mn).

IPO 34

IPO Massachusetts New York Silicon Valley 34

Steve Blank

APRIL 13, 2013

The table below from web2asia.com shows the number of users of online social networks as of 2009. there are almost no mergers or acquisitions in this market segment. Liquidity for most Internet startups happens via IPO’s. 70% of exits in China are via IPO (in the U.S. 70% of exits in China are via IPO (in the U.S.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

David Teten

MAY 16, 2011

Kevin Barhydt, Head of Acquisitions, RPX. Kupietzky has served as CEO and Director of Oversee.net since 2009. Geleerd also co-managed the IPO of Manufactured Home Communities, LLC, now Equity LifeStyle Properties, LLC which owns and operates the highest quality portfolio of resort communities in the United States.

Naming 122

Naming Government Intellectual Property LLC 122

Austin Startup

FEBRUARY 16, 2011

Favaron’s appointment caps off a year of successes for Spredfast which include aggressive customer acquisition, Series A funding from Austin Ventures in April 2010 and ongoing recognition by industry analysts as an innovative player in social media marketing and the growing social customer relationship management (CRM) market.

Cofounder 69

Cofounder Social Media IPO Early Stage 69

Steve Blank

APRIL 13, 2013

The table below from web2asia.com shows the number of users of online social networks as of 2009. there are almost no mergers or acquisitions in this market segment. Liquidity for most Internet startups happens via IPO’s. 70% of exits in China are via IPO (in the U.S. 70% of exits in China are via IPO (in the U.S.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Austin Startup

JUNE 27, 2017

With the sting of losses so fresh, much of the angel activity dried up in the early 2000s, but it restarted with the launch of Central Texas Angel Network in 2006 and Capital Factory opening its doors in 2009. What does it take to achieve growth in available capital in Austin? Those help build local capital availability.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

Jason Ball

JANUARY 24, 2011

(Remember that Playfish was acquired by EA in 2009 for $300M, which was reported to be 4x revenues.). There are numerous venture-backed companies generating $100M+ in revenues that are going to IPO (some of our portfolio included). My employer, Qualcomm, has already announced a $3bn acquisition of Atheros this month.

IPO 33

IPO Valuation Acquisition Portfolio 33

Startup Lessons Learned

MAY 31, 2019

He's been with the firm since its inception in 2009 and has overseen its rapid growth, from three employees to 150+ and from $300 million in assets under management to more than $10 billion. Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm.

Lean 108

Lean Venture Capital Conversion IPO 108

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. In November 2009, Sergey and I published plans to sell a modest percentage of our overall stock, ending in 2015.

Dilution 87

Dilution Stock Government SEC 87

K9 Ventures

OCTOBER 10, 2017

It is what Seed used to be from 2009-2013, until the Seed rounds got fat and bloated and the bar for raising a Seed round became a lot higher. 6M-$15M used to scale customer acquisition and revenue). And I sincerely hope that this post does a good job of addressing what Pre-Seed really is. Q: Define Pre-Seed? Or What is Pre-Seed?

Seed Stage 82

Seed Stage Finance Later Stage Mezzanine 82

Startup Lessons Learned

OCTOBER 7, 2008

The App Store is a channel for customer acquisition. I think its helpful to think about two kinds of competition for distribution: acquisition competition and retention competition. If your app has incredibly strong retention, you will probably do very well with the current PR/new app system of acquisition. So what can you do?

San Francisco 68

San Francisco Lean Retention SEM 68

Startup Lessons Learned

JUNE 21, 2010

To see proof of this, simply observe the results of the large majorities of corporate acquisitions of startups. To see proof of this, simply observe the results of the large majorities of corporate acquisitions of startups. A startup is greater than the sum of its parts; it is an acutely human enterprise.

San Francisco 168

San Francisco Startup Lean Continuous Deployment 168

Professor VC

FEBRUARY 18, 2011

The LinkedIn acquisition of CardMunch a few weeks ago caught my attention. Techcrunch called it one of the " most like-minded and forward-thinking acquisitions I’ve ever seen " I met with the founders of CardMunch several months ago when they were out raising their Series Seed round. ► 2009. (7). Do you have a U.S.

San Jose 31

San Jose Acquisition Angel Investor IPO 31

VC Cafe

JANUARY 24, 2012

billion raised in 2009. In 2011, Israeli venture capital funds invested $525 million in Israeli companies, an increase of 42% from 2010, and a rise of 28% from 2009 levels. First investments by Israeli VC funds accounted for 31% of their total investments, compared to 29% in 2010 and 2009. How can we explain such a big increase?

Technical Review 111

Technical Review IPO Seed Stage 111

Pascal's View

MAY 13, 2011

iii. Post bubble period 2001-2009 totals $218.2 Number of IPO’s has shrunk while average size has increased. i. Pre-bubble average 520 IPO’s per year. 80% of IPO’s <$50MM. ii. Bubble period IPO’s average 539 per year. Amount of venture capital raised has exploded.

Securities and Exchange Commission 31

Securities and Exchange Commission Equity IPO Marketing 31