Steve Blank

APRIL 26, 2022

At the turn of the century after the dotcom crash, startup valuations plummeted, burn rates were unsustainable, and startups were quickly running out of cash. Your cram down investors will likely sell your technology for piece parts and/or use your company to benefit their other portfolio companies.

Cram Down 412

Cram Down Founder Venture Capital Recapitalization 412

philipsmith.typepad.com

SEPTEMBER 24, 2011

a year burn rate and your equity is worthless due to numerous recapitalizations and bridge loans from investors then either you don't get it or I'm stupid to do it. Silicon Alley Insider Henry Blodget, Nick Carlson and others musings on the state of digital media, financial, technology and other sectors.

Silicon Valley 40

Silicon Valley Equity Technical Review Recapitalization 40

abovethecrowd.com

APRIL 20, 2016

The pressures of lofty paper valuations, massive burn rates (and the subsequent need for more cash), and unprecedented low levels of IPOs and M&A, have created a complex and unique circumstance which many Unicorn CEOs and investors are ill-prepared to navigate. In Q1 of 2016 there were zero VC-backed technology IPOs.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Both Sides of the Table

AUGUST 9, 2011

Companies raised too much money in 2005-08 and had high burn rates. On the positive side, corporate profits are up, their balance sheets have been repaired and they have recapitalized themselves to have lower amounts of debt relative to equity. I’m long on payment technologies. tl;dr summary. I’m long.

Stock 305

Stock Technical Review Marketing Greece 305