Steve Blank

APRIL 12, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. I was only in China for a week so this a cursory view. Investing in China Today. All the usual caveats apply.

Venture Capital 272

Venture Capital China Offshore SBIR 272

Both Sides of the Table

FEBRUARY 6, 2017

Yet as we enter February 2017 the VC funding markets are booming, Snap, Inc has filed for its IPO, AppDynamics was just purchased for $3.7 So if funding from VCs slowed, valuations dropped and burn rates were slashed, WTF happened to winter again? But it’s not just China and Singapore. Baidu alone raised $3.2

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

Both Sides of the Table

FEBRUARY 4, 2016

” There are a lot of data points that one can observer to get a sense of the venture capital markets – both LP fundings into venture and VC financings of startups. They point to some widely known facts: financings & valuations are up massively over the past 7 years and non-VC money has entered the system.

LP 150

LP Valuation Burn Rate Pre-Money Valuation 150

Steve Blank

APRIL 12, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. I was only in China for a week so this a cursory view. Investing in China Today. All the usual caveats apply.

Venture Capital 164

Venture Capital China Offshore SBIR 164

K9 Ventures

JUNE 5, 2015

Low supply of companies with traction drove the valuations and deal sizes up. In that presentation, I said that Seed is not the first round of financing any more and that K9’s investments were mostly “pre-seed”. Valuations are rising to match. The risk here is what I refer to as the curse of over-capitalization. The Epilogue.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

The Next Web

NOVEMBER 20, 2013

The key investors to keep tabs on are, for the most part, concentrated in four primary markets: China. With the strengthening Yuan , China is a great place to look for funding right now. Of course, to land any funding, you typically have to be based there and focused on the Chinese market.

Asia 123

Asia Silicon Valley India China 123

Haystack

DECEMBER 30, 2018

Well, actually, quite a few tech companies IPO’d in 2018, though many of those are a bit underwater now given December’s public market volatility. That’s still OK given the IPO is more of a financing event than anything else, right? I think this bear market is real and is medicine to deal with all the ICO hype of 2017.

Lock-up Period 103

Lock-up Period IPO New York Warrant 103

Steve Blank

APRIL 1, 2020

If you’re a CEO who can’t quickly bias yourself for action and if you wait around for someone to tell you what to do, then your investors, or more likely the market, will make those decisions for you. Health of Your Current Target Market(s). Emergence of New Market(s). Marketing programs spending. External Assessment.

South Korea 333

South Korea Salary Business Model China 333

Hearpreneur

AUGUST 5, 2020

The residential real estate market is ripe for disruption because as millennials enter the home buying market (now they are 30% of all homebuyers in America) they are looking for online tools and apps that will empower them with information and tools to help them manage this extremely stressful, overwhelming, and expensive process. #12-

Technical Review 157

Technical Review Software Review Entrepreneur China 157

K9 Ventures

OCTOBER 12, 2015

This includes, but is not limited to money from China, India, Middle-East and also from “retail” investors (or otherwise unsophisticated investors who are attracted to a market simply because of the amount of press/media attention it gets). As valuations increase, VC returns go down.

Venture Capital 48

Venture Capital Seed Stage LP Valuation 48

Both Sides of the Table

MAY 23, 2012

There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Cracking the Code

DECEMBER 16, 2006

I think he must have been biased by the infrastructure view of Mercury/HP, which admitedly will not be a SaaS early adopter market for many reasons. china tour beijing tour beijing travel china tour tibet tour tibet travel computer monitoring software employee monitoring. Detailed SaaS Spreadsheet (Valuation and CAC benchmark).

Software Review 48

Software Review Silicon Valley Technical Review Software 48

Agile VC

FEBRUARY 2, 2012

I’ll focus for now on the business itself, there’s plenty of other info on the web if you care to understand the equity ownership or financing history of Facebook and frankly this has been fairly well known for awhile. ==. Here’s my first look at Facebook viewed through the lens of their IPO filing. Facebook, Inc.

IPO 100

IPO South Korea Venezuela Revenue 100

Both Sides of the Table

FEBRUARY 14, 2016

I recently survey more than 150 VC friends from all stages and geographies what they thought about the market by asking “Which of the following statements best describes your mood heading into 2016?” ” “Mark has a vested interest in talking down valuations of startups.” What is the True Sentiment of VCs?

Valuation 150

Valuation Down Round Startup Later Stage 150

www.pakman.com

SEPTEMBER 27, 2012

Much of the valuations around the consumer web are rationalizing, and because of that, investors are once again focused on understanding business models. We can perhaps look to China, where social platforms are much more fragmented and organized around interests and demographics. There is no “Facebook of China.”

Social Media 47

Social Media Vertical Advertising Distribution 47

Steve Blank

JUNE 22, 2011

Prices for both private and public tech valuations exceed any rational valuation to their current worth. While labeled the “dot.com” bubble, valuations went crazy across a wide range of technology sectors including telecommunications, enterprise software and biotech, not just the Internet. They are currently built in China.).

Internet 297

Internet Silicon Valley United States .Net 297

Agile VC

NOVEMBER 13, 2012

At Risk – Usually starts with a firm beginning to see challenges in large portions of its portfolio, or in keeping the partnership together, or in the viability of the firm’s core strategy as broader markets start to shift (e.g. there’s a heck of a lot fewer pure-play cleantech VCs today than 5 years ago).

LP 154

LP Portfolio Venture Capital IRR 154

Cracking the Code

SEPTEMBER 2, 2008

Well.thats probably why Salesforce market cap is 4.9x Did he really "accidentally" made several hundred million dollars by investing in a company (NetSuite) that raised $120m and turned it into a $1B market cap… What an unsuccessful outcome! Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation.

Software Review 48

Software Review Software Technical Review Cloud 48

Seeing Both Sides

SEPTEMBER 15, 2015

of the world’s population — has more companies listed on the NASDAQ than any country in the world save the United States and China. Are Israeli companies on the verge of developing a repeatable playbook to scale their companies and become market leaders, not just acquisition fodder for the Silicon Valley giants? That’s the good news.

Cofounder 20

Cofounder Technical Review United States 20

Both Sides of the Table

AUGUST 30, 2010

My original thinking from Oct ’09 was, while I didn’t (and still don’t) have a crystal ball I worried that: consumers were over-stretched with debt (and make up 77% of the economy), unemployment would continue to rise, which in turn would drive the stock market south and cut the rate of M&A activity and VC investment even further.

Entrepreneur 298

Entrepreneur Technical Review Balance Sheet Government 298

www.businessinsider.com

SEPTEMBER 6, 2012

Look How Much More Expensive Luxury Items Got In China This Year. Look How Much More Expensive Luxury Items Got In China This Year. This Chart Shows Why VCs Are Willing To Give Hyped Startups Absurd Valuations. Sometimes we pay the market price because thats whats on the table.". JOB OF THE WEEK: Operations Manager.

Silicon Valley 54

Silicon Valley Startup Valuation Venture Capital 54

Cracking the Code

FEBRUARY 4, 2008

Savvy online marketing is a core competence (sometimes the only one) of every successful SaaS business. If you must replenish supplies while still crossing the desert, optimize your growth rate (sales rep recruitment and marketing spending) so that you maximize your recurring revenue run rate when you need to fundraise next.

Software Review 48

Software Review South Korea IPO Portfolio 48

Steve Blank

MAY 9, 2017

I’ve seen the Valley grow from Sunnyvale to Santa Clara to today where it stretches from San Jose to South of Market in San Francisco. But in the 20 th century, dominated by hardware, software, and life sciences, technology swings inside an existing market happened slowly — taking years, not months. or Euro-centric phenomenon.

Restful 227

Restful Silicon Valley Puerto Rico San Jose 227

steveblank.com

JULY 8, 2011

Home Books for Startups Guide Secret History-Bibliography Steve Blank Startup Tools Steve Blank Entries RSS | Comments RSS Email Subscription Get Steve Blank via your RSS Feed RSS - Posts RSS - Comments Categories Air Force (12) Ardent (10) Audubon (1) Big Companies versus Startups: Durant versus Sloan (39) Business Model versus Business Plan (..)

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

Whether you’re wondering what site search you should use or what is the best email marketing tool, knowledge is power. Inbound Marketing vs Interruption marketing. Email marketing. Market Research. Promotions/Marketing. Put up a LaunchRock Page and get your marketing working right away.

Software Review 53

Software Review Technical Review Startup 53

Both Sides of the Table

SEPTEMBER 17, 2017

And while many of the people bringing you the great applications and infrastructure you now rely on are benevolent, there is of course an inbuilt incentive for these companies to use their scale advantages to continue to dominate the markets they’re in, making it harder for upstarts to compete. It’s Hobbesian economics 101.

Government 280

Government Distribution Stock United States 280

pandodaily.com

NOVEMBER 29, 2012

Incubators, too, helped flood the markets with even more startups, and AngelList played its part too. At each turn, these market changes were heralded as wonderful developments for entrepreneurs. Lastly, seed-stage entrepreneurs who have pushed for the maximum valuation possible haven’t done themselves any favors.

Technical Review 93

Technical Review Silicon Valley Incubator Syria 93