View from Seed

SEPTEMBER 14, 2021

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x).

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

Steve Blank

SEPTEMBER 14, 2009

Tech acquisitions went crazy at the same time the IPO market did. The Rise of Mergers and Acquisitions -– March 2003 -2008 After the dot.com bubble collapsed, the IPO market (and most tech M&A deals) shutdown for technology companies. And some companies didn’t even have to go public to get liquid. billion.)

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

View from Seed

SEPTEMBER 14, 2021

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x).

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

Steve Blank

NOVEMBER 16, 2009

Dave McClure’s AARRR metrics and Andrew Chen ‘s specifics on freemium models, viral marketing, user acquisition and engagement both offer examples of exit criteria for Customer Discovery and Validation for startups on the web. Eric and I will be working on others. Almost all Web startups are dominated by market risk. Keep teaching!

Customer Development 219

Customer Development Web Developer Customer 219

Steve Blank

AUGUST 31, 2009

The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.) on May 28, 2010 at 12:09 am Said: [.] ????

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

VC Cafe

NOVEMBER 25, 2019

Since 2010, just three groups ( WarnerMedia , Netflix and The Walt Disney Company ) ploughed $250 billion into programming. Entertainment is more than newspapers, more than Hollywood, and more than the sum of specific verticals jousting for consumer eyeballs. Is it only one exciting vertical within the broader umbrella.

Vertical 113

Vertical Artificial Inteligence Distribution IPO 113

Transformify

APRIL 21, 2017

Toptal , founded in 2010, aims to relieve the difficulties of hiring freelancers. We have arguably the largest distributed workforce in the world. And we’ll be expanding into more business verticals soon. That’s Toptal in a nutshell -- the best talent, from all over the world, accessible and ready to work.

Technical Review 40

Technical Review Silicon Valley Software Review Cofounder 40