Steve Blank

APRIL 14, 2013

70% of Chinese Internet users are under 30. And they were increasing at an aggregate 33 million IOS and Android activations per month. Internet penetration in Beijing is greater than 70% while it’s less than 25% in Yunnan, Jiangxi, Guizhou and other provinces. New Rules for China. Unlike U.S.

China 218

China Silicon Valley Non-Compete Intellectual Property 218

Hippoland

JANUARY 4, 2017

Equity Traditionally, investors have invested in companies to receive equity, or shares in a company. The concept of equity rounds (also called priced rounds) is very straightforward. And as you raise money at later stages, you will most likely be raising equity rounds. The results are binary.

Convertible Security 48

Convertible Security Equity Security Silicon Valley 48

Agile VC

NOVEMBER 6, 2013

As many of you know, in the past I’ve done a series of posts deconstructing the S-1s of VC-backed internet startups going public. I thought I’d provide a little analysis of Twitter based on their S-1, but also strive to put it in a broader context of other consumer internet businesses and where we are in the current tech cycle.

IPO 194

IPO Aggregator B2B Internet 194

Startup Professionals Musings

SEPTEMBER 1, 2014

Direct seed funding, for a share of the equity, and introductions to investors. Another good online approach is a simple Internet search for articles like the “ The 15 Best Startup Accelerators in the U.S. ” As evidence that it does work, TechCrunch recently aggregated the combined valuation of YCombinator graduates at $14.4

Incubator 247

Incubator Silicon Valley Startup Small Business Administration 247

Startup Lessons Learned

FEBRUARY 22, 2010

There’s been a lot of hand-wringing about gender equity in the high-tech and entrepreneurship worlds lately. Two others – that each team member give their input independently and that the results be objectively aggregated – are also key parts of building a meritocracy. This is a good thing. (I This is a good thing. (I

San Francisco 167

San Francisco Lean Sweden Continuous Deployment 167

VC Cafe

NOVEMBER 3, 2010

PMC-Sierra, a premier Internet infrastructure semiconductor solution provider, is purchasing Wintegra Inc. , Internet giant Yahoo is acquiring Israeli display ad optimization technology developer start-up Dapper for $55 million. The Bank of Israel has also forecast 4% growth in 2010, though 2011 growth is seen slightly lower at 3.8%

Bandwidth 79

Bandwidth Framework Forecast 79

Steve Blank

SEPTEMBER 14, 2009

3) invest in and take equity stakes in exchange for capital. The boom in Internet startups would last 4½ years until it came crashing down to earth in March 2000. The valuations for acquisitions were nothing like the Internet bubble, but there was a path to liquidity, difficult as it was.

Silicon Valley 230

Silicon Valley IPO Technical Review Venture Capital 230

Cracking the Code

MARCH 12, 2010

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. While the group sentiment for 2010 did not improve significantly vs. November 2009, the projections for 2011 are now a lot more optimistic - 42% higher 2011 aggregated EBITDA announced in March 2010 vs. the November 09!

Software Review 63

Software Review Technical Review Cloud Forecast 63

David Teten

MAY 8, 2012

It was created before the Internet age to protect investors by promoting full disclosure of information. Currently, these Crowdfunding sites don’t give donors any equity in the companies. For small businesses, registering a company is timely and costly in management fees, accounting fees, and legal fees.

Securities and Exchange Commission 148

Securities and Exchange Commission IRR Entrepreneur Angel Investor 148

www.vccafe.com

MARCH 11, 2013

YCombinator Series AA Equity Financing Documents. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. Likelihood of Confusion -trademark, copyright and Internet Law. aggregation. Manufacturing Resources. Alibaba.com. GlobalSources.com. Sourcing in China. Sourcing Blog. advertising.

Software Review 53

Software Review Technical Review Startup 53

David Teten

FEBRUARY 7, 2012

Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive. Before making the decision to join ff Venture Capital , I did some research on early-stage tech investing as an asset class and how it’s evolving. What was striking was what an attractive asset class it was.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

The Equity Kicker

MAY 19, 2015

As we all know people are increasingly accessing the internet and shopping from their smartphones (one of our more recent investments has 81% of it’s traffic from mobile), and within mobile people are spending a larger and larger share of their time in apps at the expense of browsers. So how will discovery work on mobile?

eCommerce 60

eCommerce Mobile Aggregator Vertical 60

techcrunch.com

FEBRUARY 19, 2010

Researchers polled experts in lending, mezzanine capital, private equity, venture capital and private businesses themselves. link] Matt Merriam It’s been clear for sometime that the venture model, particularly early stage venture, is not the best approach for funding tech startups, but the hangover from the Internet days still lingers.

Venture Capital 62

Venture Capital Technical Review Sweat Equity Valuation 62

Professor VC

NOVEMBER 14, 2011

I wont go into the details of the bill, but at a high level, it allows entrepreneurs to raise funds over the Internet up to a maximum of $1M annually (or $2M with audited financials). Angel investments are highly risky and I would estimate that over 90% provide no return to equity investors. In theory, this sounds like a great idea.

SEC 54

SEC San Jose Angel Investor Accredited Investor 54

Startup Lessons Learned

JUNE 9, 2020

20:32) On believing in the internet as an immune system, then learning it's not and taking responsibility.(22:55) No longer even in the era of internet, a product customers actually liked. And this was mid '90s internet kind of philosophy. That the internet is an immune system. 8:22) On how crisis reveals character. (9:11)

Silicon Valley 60

Silicon Valley Hosting Cofounder Employee 60

Up and Running

DECEMBER 9, 2014

Jared could you quickly tell us what are the pros and cons of a bank loan versus an investment for equity? With equity [crosstalk 00:53:53] capital well sometimes you can bring great investors around the table who will be value add and provide insight that you may not otherwise have been able to have access to as you grow your business.

Small Business 95

Small Business Finance Forecast Metrics 95

Gust

OCTOBER 29, 2014

Subject to specific rules and dollar limits (10% of your income in aggregate for all investments per year, etc.) you will be able to invest online, just as easily as buying books from Amazon.

Accredited Investor 157

Accredited Investor Securities and Exchange Commission Technical Review Angel Investor 157

www.chubbybrain.com

SEPTEMBER 28, 2011

Between the worse data aggregation method and the much higher amount of work Wesabe made you do, it was far easier to have a good experience on Mint , and that good experience came far more quickly. So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders. Company : Overto.

Software Review 79

Software Review Startup Technical Review Vesting 79

David Teten

NOVEMBER 15, 2013

The average equity fund investor earned a market return of only 4.25%. This option-based valuation methodology can also be used to explain the early 2000 internet/telecom bubble in the public markets. In aggregate, angels are significant investors. I can only think of a few exceptions to this zero-sum principle.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

www.chubbybrain.com

SEPTEMBER 28, 2011

The team over at Overto felt the lack of at least one full-time resource was the primary reason for their failure writing : We thought we’d able to run internet service after hours. So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”. To some point that was true.

Cofounder 89

Cofounder Startup Technical Cofounder CTO Hire 89

Professor VC

JANUARY 17, 2008

While currently free to angel groups, their business model revolves around aggregating the angel investment data. If my math is correct, this is approximately a 31% IRR, which has to beat individual angel investments on aggregate and venture capital returns over the period of the study (1990-2007). return on investment after 3.5

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

David Teten

MARCH 2, 2013

The Economics of Private Equity Funds demonstrates that the VC industry survives mostly on fee-based income (of which larger funds have a proportionally larger amount). Firstly, “fund size” can be misleading as some firms prefer to raise a large aggregate amount split between several concurrent funds.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

techcrunch.com

OCTOBER 23, 2010

Here’s the rub: in consumer internet (and often enterprise), if your founding team doesn’t have the chops to get a prototype of your product out and in the hands of a blogger to test and write about, you might as well save yourself a lot of pain – you’re not going anywhere. I don’t know any developers. I need money for the servers.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

abovethecrowd.com

APRIL 20, 2016

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. The same thing happened to many Internet stocks. If you over-fund the industry, aggregate returns fall. Late 2015 also brought the arrival of “mutual fund markdowns.”

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Duct Tape Marketing

SEPTEMBER 10, 2019

John Warrillow: They sure are, and by the way, that’s a typical fishing letter used by either a private equity group or a business broker, as flattering as it can be, it probably doesn’t mean a whole lot. I haven’t been tempted to buy a $700 cooler quite yet. John Jantsch: Nor have I.

Entrepreneur 49

Entrepreneur Switzerland Revenue Differentiation 49

abovethecrowd.com

JUNE 2, 2021

Also, take a look at this critically important data point , also aggregated by Professor Jay Ritter. It is important to note that using the one-day gains of “hot IPOs” to either attract new customers or wildly please the ones you already have is not a new concept. This data set looks at 8,610 IPOS over 39 years from 1980-2019.

IPO 82

IPO Customer Matching Silicon Valley 82