Agile VC

APRIL 17, 2011

How They Do It: Aggregate data from travel data warehouses like ITA as well as indexing travel providers websites, provide this information to consumers in a highly customizable search engine. Revenue growth: 51% YoY (2010), 1% YoY (2009), 131% YoY (2008). Filing Date: initial S-1 filed Nov 17, 2010 , updated March 9, 2011.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Agile VC

JUNE 5, 2011

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 Cumulative customers (unique buyers of Groupons): 15.8M (Q1 2011), 9.0M (2010), 0.4M (2009).

North America 100

North America Chicago Boston Silicon Valley 100

Startup Lessons Learned

AUGUST 24, 2009

Lessons Learned by Eric Ries Monday, August 24, 2009 Marching through quicksand I have been spending a lot of time lately talking to people in various media companies: editors and agents, executives, journalists, producers and directors. Doug August 24, 2009 8:21 AM Hugh said. August 24, 2009 8:36 AM Erin said. Very smart stuff.

San Francisco 113

San Francisco Lean Technical Review Distribution 113

K9 Ventures

OCTOBER 10, 2017

Pre-Seed is the first institutional capital invested in a company. 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. Q: What amount of financing is considered Pre-Seed? By definition, yes. Engineering Capital.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

K9 Ventures

MAY 14, 2011

This is what has led to the current frothiness at the seed stage, because these angels pay up for access to deals. <$50K in aggregate. The institutional VCs playing the in the seed stage is also unsustainable since the economics of doing so simply don’t work for them. Lots, 20-100. 1-2 per partner. Individual.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

Rob Go

JANUARY 16, 2013

About 4 years ago, in Feb 2009, we were having breakfast with one of my neighbors when she mentioned that she had just bought a “groupon” to a local restaurant. I had never heard of it before, but checked it out and was pretty blown away by what they were doing. Really impressive.

Seed Stage 38

Seed Stage Chicago Aggregator Bootstrapping 38