Pascal's View

MARCH 18, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: Do you think than anemic IPO market will remain a deterrent to VC investing? I believe that an entire generation of American innovation is at risk as a result of the lack of IPO’s. For more on the SEC Concept Release, click HERE.

IPO 28

IPO Government SEC Venture Capital 28

Startup Professionals Musings

AUGUST 7, 2016

Despite the fact that the number of IPOs (Initial Public Offerings) for startups have continued to decrease, I still hear it touted often as the preferred exit strategy. I suspect the exuberance for an IPO is still being driven by the highly visible successes of several companies a few years ago, including Facebook, Yelp, and Twitter.

IPO 120

IPO Initial Public Offering SEC Stock Options 120

Feld Thoughts

JANUARY 11, 2021

He told me that Cable & Wireless wasn’t moving forward with the acquisition of Interliant – the deal was all but done. I remember signing document after document with him at Interliant and remember sitting at the Interliant office in Purchase after the IPO roadshow, waiting for the SEC to clear our filing so we could price.

SEC 164

SEC Cofounder Boston New York 164

Version One Ventures

OCTOBER 7, 2014

You can read Krager’s article for all the figures (many of which are from Hubspot’s S1 SEC filing and from Moz directly), but here are some of the key differences: Hubspot spends $11,233 to acquire a new customer. Its customer acquisition costs are roughly 85 times that of Moz (if Krager’s figures are accurately comparing apples to apples).

Initial Public Offering 148

Initial Public Offering IPO SEC Valuation 148

Agile VC

MARCH 13, 2012

And at PayPal we were hit with a couple patent disputes while in the midst of our IPO process. Patents and the threat of patent infringement lawsuits provide maximum leverage against a competitor when they’re in the middle of a strategic inflection point… a major financing, acquisition, or large product launch.

IP 100

IP IPO Social Network Silicon Valley 100

Feld Thoughts

APRIL 21, 2014

They range from “the sky is falling” to “the IPO market window is closing” to “there will be more stupid television shows about Silicon Valley” (I prefer Game of Thrones and 24, thank you very much.). Day after day passed and we didn’t hear from the SEC. Suddenly the IPO market window closed.

Stock 140

Stock Internet SEC Italy 140

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

Version One Ventures

OCTOBER 7, 2014

You can read Krager’s article for all the figures (many of which are from Hubspot’s S1 SEC filing and from Moz directly), but here are some of the key differences: Hubspot spends $11,233 to acquire a new customer. Its customer acquisition costs are roughly 85 times that of Moz (if Krager’s figures are accurately comparing apples to apples).

Initial Public Offering 78

Initial Public Offering IPO SEC Valuation 78

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.

IPO 121

IPO Startup Seed Capital Florida 121

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). Raising $75mm in IPO, values company at $515mm.

IPO 236

IPO .Net Venture Capital Strategic Investors 236

Gust

JULY 18, 2012

Ordinary shareholders do little more than monitor their investments, vote in the annual or other election of directors, and on rare occasions, cast special votes on certain decisions such as accepting or rejecting an acquisition offer. Here is where the concept of fiduciary duty looms large.

Stock Options 188

Stock Options SEC Stock Government 188

Agile VC

AUGUST 9, 2012

The company’s lost nearly 80% of its value from the peak earlier this year, in the run up to Facebook’s IPO, and currently trades below $3/share… a fraction of it’s IPO price of $10. You can read about all of this stuff in Zynga’s own SEC filings or the popular press. That much we all know.

Stock 160

Stock LBO .Net Valuation 160

Business Plan Blog

NOVEMBER 13, 2013

The return only happens when there is an exit via acquisition or an IPO. Per SEC rules “accredited investors” need to meet one of the following criteria: 1. The above definition of accredited investors is being currently reviewed by the SEC in terms of current financial thresholds of income and net worth.

Finance 93

Finance Accredited Investor Angel Investor Seed Capital 93

abovethecrowd.com

AUGUST 23, 2020

If you are looking past or through Covid — and why not, all of Wall Street is — the topic du jour in Silicon Valley is Special Purpose Acquisition Companies, or SPACs. So while the underpricing and true cost of capital of a traditional IPO is trending worse, the economics behind SPACs are actually improving.

IPO 118

IPO Silicon Valley Warrant Matching 118

Gust

MAY 24, 2012

Dual-class voting structures are receiving a lot of attention these days along with intense publicity related to the Facebook IPO , following in the wake of other recent tech IPOs with a similar structure such as Zynga and LinkedIn. In the case of an acquisition, the shares are tendered for cash and/or stock in the acquiring company.).

IPO 159

IPO Equity Common Stock Stock 159

Both Sides of the Table

NOVEMBER 18, 2012

According to the SEC we’re not allowed to market the fact that we’re fund raising, so I won’t. Tamp down the enthusiasm your naive family has about your “impending IPO” (honey, when can we buy shares? And it’s why you probably will quit on day 366 after the acquisition. And so it goes again.

Monaco 420

Monaco Cofounder Chicago Mexico 420

Gust

NOVEMBER 4, 2011

Never missing an opportunity for a good war story, I’d like to revisit one high-profile transaction, the $650 million acquisition of MySpace by Fox Interactive Media in 2005, on which I spent many sleepless nights along with the rest of the deal team. Read on for a fuller explanation. Intermix and its advisors weren’t fools.

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Startup Company Lawyer

MAY 26, 2012

Crowdfunding: Its Practical Effect May Be Unclear Until SEC Rulemaking is Complete. On April 23, 2012, the SEC published guidance reminding issuers that “any offers or sale of securities purporting to rely on the crowdfunding exemption would be unlawful under federal securities laws” until the SEC adopts new rules.

SEC 58

SEC Securities and Exchange Commission Accredited Investor Private Placement 58

Startup Professionals Musings

JUNE 6, 2022

Today most startup investors still register with the SEC as “ accredited ” investors before they buy any startup equity in the U.S. Public companies with stock usually have industry analysts and SEC filings to give investors a quick view of the company stock value. Do your homework before investing.

Liquidity Event 300

Liquidity Event Angel Investor SEC Accredited Investor 300

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. We have a structure that prevents outside parties from taking over or unduly influencing our management decisions. Conclusion.

Dilution 87

Dilution Stock Government SEC 87

Gust

OCTOBER 2, 2014

According to the SEC we’re not allowed to market the fact that we’re fund raising, so I won’t. Tamp down the enthusiasm your naive family has about your “impending IPO” (honey, when can we buy shares? And it’s why you probably will quit on day 366 after the acquisition. And so it goes again. she’s so successful!

Monaco 122

Monaco Cofounder Chicago Mexico 122

Startup Professionals Musings

SEPTEMBER 6, 2019

Today most startup investors still register with the SEC as “ accredited ” investors before they buy any startup equity in the U.S. Public companies with stock usually have industry analysts and SEC filings to give investors a quick view of the company stock value. Do your homework before investing.

Liquidity Event 224

Liquidity Event SEC Entrepreneur Accredited Investor 224

infochachkie.com

SEPTEMBER 24, 2011

Unable to confirm if my proposed approach was correct, he indicated that he would have to check with his SEC group and that ‘someone’ would get back to me. I told him that I had previously taken a company public, but that it had been a couple of years since I had addressed the specific issue at hand.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

www.mattbartus.com

DECEMBER 9, 2012

This is usually done when the company is acquired — if the acquisition price per share of Series A is greater than $0.50, the VC will receive the spread between $0.50 and the acquisition price. 25 comments since March 31, 2010 Five questions that startups should ask a pro.

Warrant 40

Warrant Valuation Pre-Money Valuation Term Sheet 40

Startup Professionals Musings

SEPTEMBER 16, 2017

Today most startup investors still register with the SEC as “ accredited ” investors before they buy any startup equity in the U.S. Public companies with stock usually have industry analysts and SEC filings to give investors a quick view of the company stock value. Do your homework before investing.

Liquidity Event 184

Liquidity Event SEC Accredited Investor Angel Investor 184

Startup Professionals Musings

NOVEMBER 1, 2013

Today you still need to be registered with the SEC as an “ accredited ” investor to legally buy any startup equity. Public companies with stock usually have industry analysts and SEC filings to give investors a quick view of the company stock value. Do your homework before investing.

Accredited Investor 219

Accredited Investor Liquidity Event Stock SEC 219

Startup Professionals Musings

SEPTEMBER 24, 2012

Today you still need to be registered with the SEC as an “ accredited ” investor to legally buy any startup equity. Public companies with stock usually have industry analysts and SEC filings to give investors a quick view of the company stock value. Do your homework before investing.

Portfolio 228

Portfolio Accredited Investor Liquidity Event SEC 228

Startup Professionals Musings

FEBRUARY 6, 2015

Today you still need to be registered with the SEC as an “ accredited ” investor to legally buy any startup equity in the U.S. Public companies with stock usually have industry analysts and SEC filings to give investors a quick view of the company stock value. Do your homework before investing.

Accredited Investor 120

Accredited Investor Liquidity Event SEC Entrepreneur 120

www.paulgraham.com

APRIL 28, 2010

The SEC defines an "accredited investor" as someone with over amillion dollars in liquid assets or an income of over $200,000 ayear. In an IPO, it might not merely addexpense, but change the outcome. Those remedial actions can delay, stall or even kill the IPO. Its thesame with acquisitions.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Ben's Blog

MAY 24, 2021

IPO market. There are a number of trends concerning IPOs and capital formation to note: First, the raw number of IPOs has declined significantly: From 1980-2000, the US averaged roughly 300 IPOs per year; from 2001-2016, the average fell to 108 per year. In the first quarter of 2021 alone, SPACs raised $87.9

Accredited Investor 36

Accredited Investor SEC IPO Technical Review 36

abovethecrowd.com

JUNE 2, 2021

On March 26, SoFi announced that “it will be offering its members (at least those with $3K in their account) the ability to invest in IPOs for companies going public, an investment opportunity that has traditionally been reserved for large institutional investors or ultra-high-net-worth individuals.”

IPO 82

IPO Customer Matching Silicon Valley 82

www.vccafe.com

MARCH 11, 2013

great web customer acquisition tutorials. mixpanel vs kissmetric vs google analytics review. Analytics blog â?? good analytics tutorials. SEO for Startups â?? good tutorial. Andrew Chenâ??s s Essays â?? Analytics Tools. Google Analytics â?? web analytics from the borg. Kissmetrics â?? actionable analytics. GetClicky â?? Internet trends.

Software Review 53

Software Review Technical Review Startup 53