The Next Web

SEPTEMBER 16, 2012

Though it’s incredibly valuable to be an early adopter of 2012′s tech trends, it won’t hurt your company to be right on time with everyone else who is just discovering them now. I asked a panel of successful young entrepreneurs the following question: What tech trends are you watching closely in the second half of 2012?

API 157

API Social Media Mobile Valuation 157

Tim Keane

JANUARY 12, 2010

Term-sheets and Valuations: Thinking about Negotiations.   I’ve sat down with entrepreneurs and a copy of a term sheet guide I like [ “Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations ” by Alex Wilmerding, Aspatore Press.] The Valuation Question.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Startup Professionals Musings

MARCH 16, 2016

This term is currently applied to recent startups who profess a current valuation which exceeds $1 billion. Frothy startup valuations. But recent changes in the law, associated with the JOBS Act of 2012 , have made it possible to sell small chunks of ownership or equity to non-accredited investors -- regular people on the Internet.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

Agile VC

SEPTEMBER 15, 2011

The very strongest companies can still likely get out if they really wanted, but may not command the valuations they hoped for in more bullish times. 10 July 2012, 7:05 pm Why Do VC’s Have Ownership Targets? 9 July 2012, 1:10 pm Directr – Tell Your Story 30 June 2012, 1:55 am. What’s Your Favorite Future? And Why 20%?

IPO 100

IPO Marketing Silicon Valley Technical Review 100

Lightspeed Venture Partners

OCTOBER 7, 2012

That’s why most entrepreneurs do not make a specific ask on valuation, but wait to hear offers from investors. in 2012 sales and $2M in income. As Cuban pointed out, this is a “down round” Zomm is seeking $2M for 10% of the company, implying an $18M pre money valuation today.

Technical Review 110

Technical Review Technical Cofounder Valuation Pre-Money Valuation 110

View from Seed

SEPTEMBER 14, 2021

Or is there a major disconnect between a portfolio’s valuations and the actual dollars returned to LPs? Both early- and late-stage startup valuations are currently elevated. For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021. How have more recent vintages performed? Source: Cambridge Associates.

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

View from Seed

SEPTEMBER 14, 2021

Or is there a major disconnect between a portfolio’s valuations and the actual dollars returned to LPs? Both early- and late-stage startup valuations are currently elevated. For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021. How have more recent vintages performed? Source: Cambridge Associates.

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

YoungUpstarts

JUNE 20, 2016

A 2012 study done by IBISWorld revealed that VDRs experienced a steady growth of about 17 percent annually as a result of technological advancements as well as the growth of global demand for these storage services. The switch from PDRs to VDRs resulted in deal cycles and increased valuations. percent between 2009 and 2014.

Software Review 100

Software Review Technical Review Due Diligence Security 100

ithacaVC

NOVEMBER 14, 2014

I have written about startup valuations previously. Here is a post from October 2012. And here is a post from November 2012. If you are advising startup founders, I strongly suggest having them read all 4 of the posts to get the lay of the startup valuation land. Valuations of other companies like you.

Valuation 69

Valuation Startup Down Round Early Stage 69

Version One Ventures

SEPTEMBER 22, 2021

When I started Version One Ventures in 2012, every experienced VC shared the same rule of thumb: we had to return 3x net consistently to stay in business (i.e. The pandemic has reset these expectations over the past 18 months, leading to huge increases in valuations for both public and private tech companies. .

Venture Capital 201

Venture Capital IRR Private Equity Seed Stage 201

Gust

OCTOBER 12, 2011

During the summer of 2010, I developed a workshop, A New ACEF Valuation Workshop for Angels and Entrepreneurs. To provide some reference points, I surveyed thirteen angels groups in North American to determine their recent experience in negotiating the pre-money valuation of pre-revenue companies. 2011 Angel Group Valuation Survey.

Angel Groups 125

Angel Groups Valuation Pre-Money Valuation St. Louis 125

Haystack

JUNE 5, 2018

Atlassian is up a few points this morning, and the GitLab leadership mused that “half a billion was added to their valuation” almost overnight. 6/ “Gitting Liquid” Back in 2012, right around when I first moved here and was figuring out what VC was, I knew many of the larger firms were figuring out a way to invest in GitHub.

Acquisition 71

Acquisition Azure Open Source Seattle 71

David Cohen

SEPTEMBER 19, 2020

“ #8: Digital Ocean (2012). DigitalOcean is a cloud infrastructure provider that was funded by the Techstars Boulder Accelerator in 2012, after a referral from IA Ventures. 9: Classpass (2012). Techstars funded ClassPass through our Techstars New York Accelerator in 2012. DigitalOcean is based in New York City. #9:

San Antonio 171

San Antonio New York City Seattle Los Angeles 171

ithacaVC

JULY 10, 2013

I have posted on startup valuations a couple of times. First on October 12, 2012 and then on November 28, 2012. On June 27th Fred Wilson wrote a post called Valuation vs. Ownership. Great post. Series Seed or Series A).

Valuation 49

Valuation Startup Limited Partner Early Stage 49

Gust

JULY 12, 2012

On Wednesday, April 18th, I gave a keynote speech on US Startup Valuation Trends for the 1st Irish Angel Meetup. Philippe Gluntz, President of France Angels , was honoured as the 2012 EBAN Angel of the Year, while the Finnish Business Angel Network ( FiBAN ) was recognized as Business Angel Network of 2012.

Community 121

Community Estonia Ireland Finland 121

Lightspeed Venture Partners

DECEMBER 10, 2012

Although Sharktank has been running reruns on Fridays the last few weeks, the show ran a Sharktank 2012 Holiday special on Tuesday night. They had raised an additional $50k for 40% of the company from new investors a month ago and were now seeking a big markup in valuation from the sharks.

Covenant 162

Covenant Warrant Southern California Los Angeles 162

VC Cafe

SEPTEMBER 1, 2011

The World Economic Forum has published the Technology Pioneers report for 2012. DoubleVerify recently grabbed headlines for its latest funding round of $33 million led by JMI Equity and Institutional Venture Partners (IVP), based on a $200 million valuation.

Silicon Valley 87

Silicon Valley Valuation Equity Advertising 87

View from Seed

SEPTEMBER 14, 2021

Or is there a major disconnect between a portfolio’s valuations and the actual dollars returned to LPs? Both early- and late-stage startup valuations are currently elevated. For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021. How have more recent vintages performed? Source: Cambridge Associates.

Valuation 156

Valuation Pre-Money Valuation Distribution Early Stage 156

The Equity Kicker

AUGUST 1, 2012

In its quarterly filing yesterday Facebook disclosed that it spent $24m on ‘talent focused acquisitions’ in the first half of 2012. Three of the four are mobile companies (which rises to five of the six acquisitions Facebook made in total in H1 2012 if you include the bigger deals Instagram and Face.com ).

San Francisco 110

San Francisco Hiring Liquidation Preference Aggregator 110

Cracking the Code

FEBRUARY 23, 2011

Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. ► 2012. (1). Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Wednesday, February 23, 2011. SaaS Multiples: Recovery or Bubble? My Investments. CornerstoneOnDemand. anecdotes.

Software Review 101

Software Review Technical Review Valuation Europe 101

Cracking the Code

JANUARY 16, 2012

Monday, January 16, 2012. Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. ▼ 2012. (1). Cracking The Code. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. BlablaCar - Travel Revolution. My Investments. anecdotes. (13).

Software Review 95

Software Review Europe Technical Review Spain 95

View from Seed

DECEMBER 6, 2018

It’s almost exactly 5 years since Aileen Lee first coined the term “unicorn” in reference to startups with $1 billion+ valuations. A few of these had previously raised private rounds at $1B+ valuations like Facebook, Twitter, and LinkedIn, but a good majority of them only reached unicorn status upon exit. valuation in 2017 round).

IPO 120

IPO Valuation San Francisco Silicon Valley 120

SiliconHills

APRIL 17, 2021

The Zebra, an insurance comparison site, announced it has raised $150 million, giving the company a valuation of more than $1 billion. The Zebra, founded in 2012, has raised $251.3 million to date including $38.5 million last February.

Valuation 71

Valuation Austin 71

Both Sides of the Table

OCTOBER 21, 2009

More interestingly Montgomery expect the M&A market to grow to 600 in 2011 and 750 in 2012. Pure Digital to Cisco) but that even the 2nd largest will get much lover valuations. cheap) but there was a sentiment that some funds will likely be raised in the next 3 years to buy out VC positions at more fair valuations. .

Technical Review 241

Technical Review IPO Southern California Venture Capital 241

This is going to be BIG.

DECEMBER 26, 2011

What types of things might happen in 2012, as opposed to needing another 3-5 years to come to fruition. That aside, here are ten areas I think you'll see some interesting things happening in 2012. One of the best things any investor can do is to pull back from the day to day of getting pitches and think about high level trends.

Technology 116

Technology Valuation Community Restful 116

www.mattbartus.com

DECEMBER 9, 2012

How to pump up your VC valuation. Let’s say you receive a term sheet for a $1 million investment at a $3 million fully diluted pre-money valuation, and you’re kind of disappointed. One possibility is to negotiate a higher valuation and offer warrants (i.e., Home About Matt Client references Contact. 10,000,000.

Warrant 40

Warrant Valuation Pre-Money Valuation Term Sheet 40

Up and Running

JULY 23, 2014

Valuations had changed and we weren’t looking to be acquired, so we bought out their shares to avoid locking them in forever as minority share holders in a company that wasn’t going public and wasn’t going to be acquired. The traditional exit strategy.

Exit Strategy 131

Exit Strategy Software Review Angel Investor Startup 131

David Teten

MARCH 28, 2012

Koen, Gyorgy, and Adham are all Columbia Business School MBA 2012 students and former consultants with McKinsey and BCG. ( This post co-written with Koen Bremer , Gyorgy Buslig , and Adham Hussein. I’ve also posted this at Betabeat.). Best Practices in Venture Capital Portfolio Company Value Creation.

Portfolio 144

Portfolio Private Equity Venture Capital Early Stage 144

View from Seed

APRIL 30, 2019

In the last decade or so, high profile consumer IPOs have often gotten lofty valuations. Google was a one such company when they went public in 2004 and Facebook was too at their 2012 IPO. I don’t follow the Chinese startup market as closely as I follow the US, but Alibaba’s 2014 IPO was a similar watershed moment.

IPO 180

IPO B2B B2C Institutional Investors 180

Both Sides of the Table

NOVEMBER 14, 2017

Sam also had a vision as early as 2012 about how MakeSpace would be a large employer of middle-income jobs: The company would hire employees rather than just have contractors and he would lead the effort to ensure they had opportunities for growth and benefits for their families.

Operations 286

Operations New York City Technical Review Startup 286

Cracking the Code

AUGUST 3, 2011

Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. ► 2012. (1). S&M productivity (CAC ratio) for the SaaS 13 Index. Note: high CAC ratio means high productiviy (see blog post for definition). My Investments. CornerstoneOnDemand. anecdotes. (13). Cloud Computing. (1). Online Gaming. (1).

Software Review 67

Software Review Europe Technical Review Search 67

Tim Keane

MAY 16, 2010

A philosophy of valuations and term-sheets. A Philosophy of Valuation and  Term Sheet Calcs   the accompanying spreadsheet.  Listed below are links to weblogs that reference A philosophy of valuations and term-sheets : Comments. A philosophy of valuations and term-sheets. October 2012. April 2013.

Term Sheet 60

Term Sheet Valuation Wisconsin Angel Investor 60

gigaom.com

JULY 10, 2012

9, 2012, 3:50pm PT. For the remainder of 2012, AT&T will give free and unlimited access to the Watson APIs to any developer paying AT&T’s $99 annual registration dues. Previous What’s wrong with the tech valuations? Monday, July 9 2012. Tuesday, July 10 2012. © 2012 GigaOM. 2 Comments.

API 50

API Technical Review Artificial Inteligence RSS 50

Both Sides of the Table

NOVEMBER 28, 2013

In the market we’ve seen the massive uptick of SaaS valuations in the public markets and commensurate attention on private market fundings and valuations. Thank you to the team that had extreme success in 2012 and a more challenging year in 2013. eCommerce was battered this year. I feel confident in our 2014 plans.

Valuation 288

Valuation eCommerce Revenue Social Network 288

Cracking the Code

NOVEMBER 7, 2010

Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. ► 2012. (1). S&M productivity (CAC ratio) for the SaaS 13 Index. Note: high CAC ratio means high productiviy (see blog post for definition). My Investments. CornerstoneOnDemand. anecdotes. (13). Cloud Computing. (1). Online Gaming. (1).

Software Review 59

Software Review Technical Review Cloud Europe 59

Agile VC

MAY 21, 2012

May 21, 2012. Here in 2012 you’ve already seen the first $100M+ acquisitions for LinkedIn (Slideshare), Zynga (OMGPop, Draw Something), and Facebook (Instagram) and it’s probably only a matter of time before Groupon does one. 10 July 2012, 7:05 pm Why Do VC’s Have Ownership Targets? How To Think About The Future.

Acquisition 162

Acquisition Silicon Valley B2B Seed Stage 162

Cracking the Code

FEBRUARY 24, 2010

Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. ► 2012. (1). S&M productivity (CAC ratio) for the SaaS 13 Index. Note: high CAC ratio means high productiviy (see blog post for definition). My Investments. CornerstoneOnDemand. anecdotes. (13). Cloud Computing. (1). Online Gaming. (1).

Software Review 54

Software Review Technical Review Europe Venture Capital 54