Steve Blank

AUGUST 19, 2013

In the last six years half the VC’s in the space have disappeared , unable to raise new funds, and the number of biotech and device startups getting first round financing has dropped by half. For exits, acquisitions are the rule and IPOs the exception.

Venture Capital 301

Venture Capital Startup Lean Philadelphia 301

Both Sides of the Table

MARCH 11, 2011

In 1995 Netscape IPO’d and browsers started to become more prevalent. Bill had previously created a packaged software company called Knowledge Adventure the produced children’s educational software. He turned his accounting software into a product he could see. That gave Google a huge cost advantage.

Product 350

Product Tuvalu Dilution Incubator 350

Startup Lessons Learned

MAY 31, 2019

It’s meant to support and grow a business until an “exit” in the form of an IPO, a merger or acquisition, or in less than ideal scenarios, a company shutdown. Learning everything you can about VC first is important for that reason, but also to ensure it’s the right form of financing for your business.

Lean 108

Lean Venture Capital Conversion IPO 108

Both Sides of the Table

APRIL 12, 2018

We would have gladly followed Jamie (and Josh Roth, the CTO who is phenomenal and we’ve also known for a decade) right through an IPO if we could have. Hardware + Software The world is filled with investors who will tell you, “We don’t do hardware.” We funded the seed round, the A round, the B round, C round, D round and E round.

Security 247

Security Los Angeles Silicon Valley Video 247

Steve Blank

SEPTEMBER 14, 2009

On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.) The IPO Bubble – August 1995 – March 2000 In August 1995 Netscape went public, and the world of start ups turned upside down. Tech acquisitions went crazy at the same time the IPO market did.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

VC Cafe

JANUARY 24, 2012

Reports on the drop of local VC financing in Israel don’t tell the whole story. The communications and software sectors followed with 20% and 19% of the total investment respectively. A decade ago, such companies would most likely have gone the IPO route, raising funds publicly. billion raised in 2009.

Technical Review 111

Technical Review IPO Seed Stage 111

Ben's Blog

MAY 24, 2021

IPO market. Prior to joining Andreessen Horowitz, I held several executive positions in a publicly-traded software company and was previous to that an investment banker. With the benefit of increasing IPOs in the last few years, we are starting to see better growth: In 2020, there were close to 500 IPOs in the U.S.,

SEC 36

SEC Accredited Investor IPO Technical Review 36

Agile VC

NOVEMBER 9, 2015

Square filed its S-1 several weeks ago and is now in the middle of its IPO road show process. This past Friday Square also filed an initial pricing range of $11-13/sh which would give them an enterprise value less than their last round of financing ($6B post-money). What are customer acquisition costs like?

IPO 165

IPO .Net Revenue Acquisition 165

Both Sides of the Table

SEPTEMBER 16, 2010

As I’ve highlighted I believe we’re in a unique period similar to 2005-08 where the biggest tech firms of Silicon Valley (and some media companies) are scooping up small software companies as “talent acquisitions&# versus accretive revenue / profit generators. This is actually the norm.

Cap Table 283

Cap Table Angel Investor Liquidation Preference Deal Flow 283

Both Sides of the Table

OCTOBER 8, 2014

What is perhaps different from other regions is that we have large indigenous aerospace industry and a big high-tech import/export trade as opposed to a lot of software companies. But many people forget that we have 2 relatively recent IPOs that are substantive companies: TrueCar (Upfront backed) & Cornerstone OnDemand.

Los Angeles 376

Los Angeles Silicon Valley Entrepreneur Seattle 376

Both Sides of the Table

MAY 23, 2012

If you want to understand the details of why this is, I covered it in detail in this post, Understanding Changes in the Software Industry. Yes, it’s true that FOMO (fear of missing out) is driving some irrational behavior and valuations amongst uber competitive deals and well-financed VCs. The Exit Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Rob Go

DECEMBER 28, 2011

And that’s true pretty much across the board – from exits, late stage financings, scaling companies, and seed activity. IPO’s/Exits. Kayak: Registered for an IPO but on hold. Zipcar: Ok, not exactly consumer web/software, but a great consumer tech company nonetheless. market cap. Seed Activity.

Technical Review 54

Technical Review Boston Software Review IPO 54

Haystack

NOVEMBER 24, 2018

3/ BlackBerry Ripens: As BlackBerry begins a pivot from the once-leading smartphone manufacturer into an enterprise software and services company, Cylance helps bolster BlackBerry’s offering with a legitimate enterprise security player. The company only raised a bit over $1M as seed capital.

Acquisition 62

Acquisition Artificial Inteligence Balance Sheet Cofounder 62

VC Cafe

JANUARY 24, 2012

Reports on the drop of local VC financing in Israel don’t tell the whole story. The communications and software sectors followed with 20% and 19% of the total investment respectively. A decade ago, such companies would most likely have gone the IPO route, raising funds publicly. billion raised in 2009.

Technical Review 60

Technical Review IPO Seed Stage 60

VC Cafe

FEBRUARY 15, 2017

Voyager’s cognitive-computing, deep-insights platform assesses billions of publicly available, unstructured data points to provide insights for its clients in finance, retail and consulting. Orcam was created by the founders of Mobileye (NYSE: MBLY and one of Israel’s largest IPOs ), Prof.

Artificial Inteligence 122

Artificial Inteligence Technical Review Startup 122

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Startup lifecycle in an IPO Market. Netscape’s 1995 IPO changed the rules. It includes venture funded startups in all industries, from software to biotech. Here’s why. Source: NVCA.). VC “Plan B”.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

A Smart Bear: Startups and Marketing for Geeks

JULY 23, 2013

Marketo filed for IPO with impressive 80% year-over-year growth in 2012, with almost $60m in revenue. Plus, there’s all the other costs — R&D to build the stuff, office space, executive salaries, billing, legal, finance, HR, tech support, account managers. Except, they lost $35m. for every $1.00 Just wait! But: $1.5R

Business Model 335

Business Model .Net Revenue IPO 335

The Startup Magazine

SEPTEMBER 10, 2019

Compared to Accounting, Finance is ruthlessly forward looking. The basic lesson that founders can learn about asset valuation is that Accounting is past and Finance is future. This differential is often referred to as “Goodwill” and it is an idea plays out a lot in the software market. Asset valuation. Alpha generation.

Founder 117

Founder Valuation Dividend Startup 117

Cracking the Code

NOVEMBER 10, 2009

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. 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. software. (10). Software 2.0:

Software Review 48

Software Review Technical Review IPO Cloud 48

David Teten

JANUARY 10, 2012

Michael was the lead research analyst for the IPOs of Internet companies like UUNET, Yahoo!, He has been granted two software patents, and has multiple patents pending. He also worked in mergers and acquisitions at Veronis, Suhler & Company and Cowles Media Company and held various operations positions at The Black Book.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Both Sides of the Table

JULY 10, 2010

For entrepreneurs who want to learn about how to work with investment banks, how to position yourself to be acquired and what the IPO markets look like this is the episode to watch. How to investment banks help with the M&A (mergers & acquisitions) process? Should you use investment banks to raise venture capital?

IPO 242

IPO Venture Capital Private Placement Cofounder 242

ReadWriteStart

NOVEMBER 16, 2010

I started my career in enterprise software in the 1980s and after some years working in other areas (outsourcing and online media) I am back in the enterprise software game. I have focused this as advice to entrepreneurs building enterprise software ventures today. Most enterprise software companies are self-funded sailboats.

Software 127

Software Startup Architecture Bootstrapping 127

Steve Blank

APRIL 13, 2013

But what made the overwhelming impression for me was finding an entrepreneurial software cluster on par with the Internet software portion of Silicon Valley. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. there are almost no mergers or acquisitions in this market segment.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

Cracking the Code

OCTOBER 18, 2019

The top 100 SaaS companies in Europe and Israel The European Software-as-a-Service world changed forever when Daniel Dines, the founder of UiPath, made the cover of Forbes as ‘Boss of the Bots’ last month. Bigger, stronger, faster: SaaS continues to eat software First, let’s zoom out and look at how SaaS companies have performed globally.

Europe 48

Europe IPO API 48

Scalable Startup

AUGUST 26, 2014

There’s a lot of buzz about the Amazon acquisition of TWITCH this week. When Open Source software projects are launched, the progenitors often start a for-profit sister company to garner some income from training, support and consulting. Will Amazon try to acquire all of Acquia before the inevitable IPO? Acquia, Inc.

Founder 42

Founder Los Angeles PHP Open Source 42

Cracking the Code

JULY 12, 2019

Fast forward three years – Europe has proven that it can produce amazing global software companies. These financings have generated seven new unicorns, including UiPath, Darktrace, Doctolib, Intercom, TalkDesk, Celonis and WalkMe. In just the past couple of years, companies from our 2017 Top 100 list have raised $4.6

Europe 48

Europe Romania Cloud 48

Haystack

DECEMBER 26, 2018

TechCrunch’s Kate Clark has done a round-up of the largest “private VC” rounds of 2018, and there’s a whole other list for just $100M+ financings led by Softbank’s Vision Fund. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

IPO 76

IPO Private Equity Valuation Acquisition 76

Growthink Blog

APRIL 2, 2014

Well, if you don’t, try on these IPO, M&A, and financing stats from 1st Quarter 2014: Initial Public Offerings: 72 companies went public in the U.S. And, as of Monday 54 of the 72 of them were trading above their IPO price. in the 1st quarter - the largest number of new issuers since 2000 -raising a total of 11.1

Private Equity 69

Private Equity Merger IPO Initial Public Offering 69

www.theverge.com

JUNE 20, 2012

After Facebooks IPO flub, value of tech startups falls back to earth. Over three nights and two days of drinking, schmoozing, and panel discussion, many of the industries insiders spoke their minds plainly, and the bumbled Facebook IPO was a frequent topic of conversation."Excuse By Ben Popper 06.19.2012.

IPO 48

IPO Stock Switzerland Valuation 48

Growthink Blog

APRIL 15, 2015

Now given that the company has yet to even come close to breaking even, this can be viewed as either a great validation of Domo''s business model, or as more evidence of the “Bubble Mania” of the current technology financing landscape and a screaming signal to get out while you still can.

Valuation 48

Valuation Venture Capital Finance Acquisition 48

Hunter Walker

NOVEMBER 20, 2013

Institutional VCs rely a model which optimizes for billion dollar outcomes via an acquisition or IPO. Instead of doing increasing financings every 12-18 months, what if a company took a smaller amount of money, went back to their investors infrequently and got to profitability. 3) The Alternate Liquidity Syndicate.

Syndicate 99

Syndicate Syndication South America Seed Stage 99

Steve Blank

APRIL 13, 2013

But what made the overwhelming impression for me was finding an entrepreneurial software cluster on par with the Internet software portion of Silicon Valley. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. there are almost no mergers or acquisitions in this market segment.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Cracking the Code

FEBRUARY 4, 2008

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. A few times per year, Bessemer organizes a CxO event for our portfolio companies and we decided to focus our first session of 2008 on Software-as-a-service (SaaS). or What do I need to do to get ready for an IPO.

Software Review 48

Software Review South Korea IPO Portfolio 48

Cracking the Code

OCTOBER 10, 2008

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Save Asia for post-IPO Single instance, multi-tenant, single datacenter - Have only one version of the code in production. Labels: SaaS , sales and marketing , software. Cracking The Code. at 11:09 AM.

Software Review 48

Software Review North America Europe Metrics 48

K9 Ventures

OCTOBER 10, 2017

This post is intended to be a dynamic document, and I will attempt to update it from time to time with new questions that may arise or as financing trends evolve. Q: What amount of financing is considered Pre-Seed? It’s a legitimate stage of financing in the venture eco-system as of this writing (October 2017).

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

www.vccafe.com

MARCH 11, 2013

great web customer acquisition tutorials. free/cheap web customer relationship mgmt software. marketing automation software. email blast and mgmt software. email blast and mgmt software. email blast software. email blast software. basic email software. free basic email blast software.

Software Review 53

Software Review Technical Review Startup 53

online.wsj.com

SEPTEMBER 23, 2012

Computer Software. In early 2011 an acquisition by a Fortune 500 company fell apart. Less than 1% are currently in IPO registration. Computer & Software Services. Finance, Banking, Loans, etc. Software. - Find Small Business Software. Media & Marketing. Small Business. More Industries. Accounting.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107