Agile VC

AUGUST 9, 2012

Same is true when you look at actual cash in and out the door… Zynga’s operations generated $146M in positive cashflow in 1H 2012. multiple (net of cash) of either adjusted EBITDA or operating cashflow. That being said, unlike a company that has essentially zero user acquisition costs (e.g. trailing revenue multiple.

Stock 160

Stock LBO .Net Valuation 160

Agile VC

SEPTEMBER 3, 2013

But the company does need to become more focused in its strategy, operations, and personnel. 3) Triple down on cloud infrastructure & services with Azure and acquisitions. At the 90,000 foot level platforms matter if you want to be in the end-user device business. Want names?

Cloud 113

Cloud Azure Phoenix Non-Compete 113

Agile VC

JUNE 24, 2013

I started jotting this down about a month ago but Google’s acquisition of Waze was a good prompt to finish off this post. In a world where a human isn’t the primary operator, you will have more visually impaired or physically handicapped persons driving themselves or more elderly persons or even children.

Internet 153

Internet Caching Aggregator Audio 153

Agile VC

FEBRUARY 2, 2012

How They Do It : Operate a social network at Facebook.com, through Facebook’s mobile apps, and the Facebook Platform which lets other websites extend Facebook’s tools for authentication and social sharing. who derive a meaningful chunk of their revenue from operating ad networks. Headquarters : Palo Alto, CA.

IPO 100

IPO South Korea Venezuela Revenue 100

Agile VC

MAY 16, 2012

2) Vast Human Capital Outside Our Walls - Rob, David, and I all try to draw on our experience as founders, operators, and investors in software & internet companies both in looking at new startups and forming investment themes. A good example of that is our theme around the consumerization of business software.

Seed Stage 124

Seed Stage Silicon Valley B2B Syndicate 124

Agile VC

MARCH 8, 2012

Most companies in the IT sector are profitable at least on an operating or cashflow basis, though often not on a GAAP basis when non-cash expenses are taken into account. It’s pretty rare to see smaller scale businesses or wildly unprofitable ones in the IPO pipeline, which is again good for the overall normalization of the market.

IPO 100

IPO Silicon Valley Revenue Seed Stage 100

Agile VC

DECEMBER 6, 2012

This person is an experienced CEO and a veteran of several startups, yet appreciating this nuance of how VC’s operate their business was relatively unfamiliar to him. Suppose Acme IV invests in the Series D and 6 months later there’s an acquisition offer for Startup X that’s 50% higher than the Series D post-money valuation.

LP 178

LP Balance Sheet Differentiation Limited Partner 178

Agile VC

JUNE 12, 2012

But while it was a little less understood outside the payments world, their acquisition of TxVia theoretically gives them some of the plumbing they’d need to create a store of value or couple a Google mobile payments product to existing financial accounts. Canadian operator Rogers filed to become a bank last year.

Mobile 250

Mobile Disintermediation SMS Government 250

Agile VC

NOVEMBER 9, 2015

It has grown remarkably, has favorable gross margins and customer acquisition payback, and a clear path to profitability. What are customer acquisition costs like? With Square there are other costs like fraud which they report below the line in operating expenses rather than as a cost of revenue. Gross Margins / Net Revenue.

IPO 165

IPO .Net Revenue Acquisition 165