Both Sides of the Table

DECEMBER 11, 2022

The browser and thus the WWW and the first Internet businesses were born circa 1994–95 and there was a golden period where anything seemed possible. We had nascent revenues, ridiculous cost structures and unrealistic valuations. There was no money train. It was 1991. There were startups and a software industry but barely.

Valuation 466

Valuation San Francisco Ratchet Liquidation Preference 466

Steve Blank

MARCH 31, 2014

Just look at the disruptive challenges that businesses face today– globalization, China as a manufacturer, China as a consumer, the Internet, and a steady stream of new startups. Companies horde cash and squeeze the most revenue and margin from the money they use. We legalized robbing the corporate treasury.

Private Equity 329

Private Equity Metrics China Intellectual Property 329

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Here’s my take: 1. VC will shrink. Oh yes it will.

LP 311

LP Technical Review Early Stage Silicon Valley 311