Steve Blank

APRIL 13, 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. All the usual caveats apply. Entrepreneurship in Beijing.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

Growthink Blog

NOVEMBER 8, 2010

In that same time frame, United States IPO volume declined 75% in real terms and now accounts for less than 11% of the global total. 7 Companies in China have raised more than $1 billion in an IPO this year. IPO by far this year will be the government ward General Motors. In the U.S. domestic GNP growth couldn’t touch.

Africa 104

Africa Brazil China India 104

Feld Thoughts

JUNE 28, 2016

Fix Venture Capital by Fixing the IPO Market. Enhance the Science and Technology Capacity of the U.S. China Free Trade Agreement. . “Not All Good Ideas Get Funded Anymore” Make the SBA More Entrepreneur-Friendly. Incentivize the Formation and Commitment of Angel Capital. Increase Startups Access to Capital.

SBA 102

SBA Government Small Business Administration Green 102

thebarefootvc

SEPTEMBER 28, 2014

On September 19, Ma led Alibaba to the largest IPO in history, listing the company on the New York Stock Exchange. Ironically, today, while Modi, leader of the world’s largest and most complex democracy, gave this speech, China violently cracked down on pro-democracy protestors in Hong Kong. Enter Modi.

India 40

India China Africa Government 40

Steve Blank

JUNE 15, 2011

A tech bubble is the rapid inflation in the valuation of public and private technology companies that exceeds their fundamental value by a large margin. Today, the signs of the new bubble are the Linked-In initial public offering (IPO), Facebook’s stratospheric valuation and the rapid rise of early-stage startup valuation.

Silicon Valley 327

Silicon Valley Stealth Valuation Mississippi 327

Steve Blank

APRIL 13, 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. All the usual caveats apply. Entrepreneurship in Beijing.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Pascal's View

AUGUST 28, 2010

6) The most efficient fuel for this IPO engine is venture capital. v) “Since 1999, over 60% of IPOs have been VC-backed. Of the 85 IPOs priced so far this year, only 28 are up. Conclusion: If we don’t fix the IPO problem in America, we will not fix the job problem in America. GDP growth, the U.S. ” (ix) The U.S.

Venture Capital 56

Venture Capital America Initial Public Offering IPO 56

David Teten

MARCH 14, 2018

This is a model used in at least one case by China’s third-largest private equity firm, China Science & Merchants Investment Management Group ($12 billion+ AUM), which funded in 2015 CSC Upshot, a $400m seed fund through AngelList. For more on this, see The 9 Steps of Using Technology to Improve Investing in Private Companies.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

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 And while the US had FANG (Facebook, Amazon/Apple, Netflix and Google) China has BAT (Baidu, Alibaba and Tencent). But it’s not just China and Singapore. Ok, Suster. Baidu alone raised $3.2

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

thebarefootvc

JANUARY 15, 2020

: “Twenty years from now, we will see disintermediation of banks, and millenials will no longer recognize the current banking system as they will receive financial services from a number of new entrants in the technology sector. No entity is immune to technology disruption.

Disintermediation 69

Disintermediation Aggregator China API 69

Haystack

DECEMBER 30, 2018

That’s still OK given the IPO is more of a financing event than anything else, right? especially the Bay Area) and China. 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. I am expecting to see this happen as soon as mid/late January.

Lock-up Period 103

Lock-up Period IPO New York Warrant 103

Steve Blank

MARCH 22, 2022

Tens of billions of public and private capital are being invested in Quantum technologies. Countries across the world have realized that quantum technologies can be a major disruptor of existing businesses and change the balance of military power. Currently this is a nascent commercial technology in search of a future viable market.

Technology 436

Technology Algorithm Stealth Distribution 436

Eric Friedman

DECEMBER 30, 2020

As mentioned at the top I do not know anyone that predicted the global pandemic of COVID19, despite the writing on the wall and the cases growing in China at the time of this post last year. 5/ Alternate use case for a withered technology. What a fun exercise and wow was I wrong! So first – how did I do?

Stock 120

Stock Private Equity Option Pool LP 120

Startup Professionals Musings

AUGUST 13, 2012

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” You won’t impress investors by claiming that everyone in China needs one, and nobody else has exactly the right features to compete with you. Going public” (IPO) is another alternative, but not common.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY.

Private Equity 68

Private Equity Merger IPO Equity 68

Startup Professionals Musings

MAY 13, 2011

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” You won’t impress investors by claiming that everyone in China needs one, and nobody else has exactly the right features to compete with you. Going public” (IPO) is another alternative, but not common.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

View from Seed

JANUARY 11, 2017

It seems obvious but strategic investment only makes sense when that corporate VC is providing technology, market access, or other aid that cannot be obtained through a simple business relationship or from a startup’s other investors or advisors. In the last 25 years Intel Capital has invested more than $11 billion in over 1,000 startups.

Strategic Investors 120

Strategic Investors Post-Money Valuation Seed Stage Cofounder 120

Reid Hoffman

MARCH 19, 2019

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. Blitzscaling is a strategic technique for moving faster, not a reckless gamble.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Gust

AUGUST 5, 2012

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” You won’t impress investors by claiming that everyone in China needs one, and nobody else has exactly the right features to compete with you. Going public” (IPO) is another alternative, but not common.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Both Sides of the Table

APRIL 23, 2011

In the late 90’s he saw the internet boom and helped start IronPlanet.com, a construction equipment marketplace that is nearing an IPO. Since 2006 they have added offices outside of Boston including Menlo Park, Europe, and China. They had a great team and interesting technologies. 5:00 – 5:55). 16:35-19:35). 40:30 –41:30).

Vertical 265

Vertical Curation Boston Burn Rate 265

Hippoland

SEPTEMBER 28, 2018

I fully realize that a lot of people do all their business in WeChat in China, etc). In the 90s, in the US, going IPO was a common liquidity path. But after consumers became wary of IPOs, M&A became the much more dominant path, though IPOs are coming back in favor again in some cases. Or will these companies go IPO?

Asia 48

Asia Indonesia B2B Singapore 48

Hippoland

SEPTEMBER 28, 2018

I fully realize that a lot of people do all their business in WeChat in China, etc). In the 90s, in the US, going IPO was a common liquidity path. But after consumers became wary of IPOs, M&A became the much more dominant path, though IPOs are coming back in favor again in some cases. Or will these companies go IPO?

Asia 48

Asia Indonesia B2B Singapore 48

Growthink Blog

FEBRUARY 25, 2015

It is an extremely cool piece - profiling seven (two companies on the list had multiple rounds) of the highest flying technology companies in the world. At its core, Uber utilizes pretty basic technology to better deliver a basic service - a hired ride from point A to point B - that has been in existence since the beginning of time.

Venture Capital 48

Venture Capital Private Equity United States China 48

Startup Professionals Musings

APRIL 22, 2010

Many entrepreneurs scare away potential investors by claiming that their technology represents “truly disruptive technology.” You won’t impress investors by claiming that everyone in China needs one, and nobody else has exactly the right features to compete with you. IPO as an exit strategy is not recommended these days.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Growthink Blog

JULY 23, 2012

In that same time frame, United States IPO volume declined 75% in real terms and now accounts for less than 11% of the global total. And with their capital and confidence, China and India are stretching their wings. Well, McKinsey estimates that consumer spending in Africa will double, to $1.8 Your India strategy? • This is HARD.

Africa 76

Africa Brazil India China 76

YoungUpstarts

FEBRUARY 3, 2016

The big economies of US, UK, China and Australia together recorded about $20 billion in marketplace loan origination. Lending Club and OnDeck have come out with IPOs which have been well-received showing the positive market sentiment about alternative lending through online platforms.

New Zealand 100

New Zealand Mobile Australia China 100

Austin Startup

JANUARY 24, 2018

It is true that in Austin it is historically more likely that successful companies will sell early rather than pursue the big IPO. When it comes to technology and the startup ecosystem we do not. Some people have argued that Austin lacks motivation to pursue big economic outcomes.

San Francisco 48

San Francisco Austin Sweden Germany 48

Both Sides of the Table

MAY 23, 2012

IPO markets had burned an entire cycle of retail stock investors and many institutional investors to boot. This world of local meets retail meets digital advertising portends to technology disruption and with it VC opportunities. I believe it’s truly morning in the technology sector. The Exit Problem.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Startup Professionals Musings

JANUARY 17, 2022

In this age of technology, the advent of a better alternative is inevitable. For others, including Facebook, it is penetrating China despite political constraints, and India, where only thirty percent of the population is on the Internet. A focus on looking good as an acquisition or IPO candidate has undermined many startups.

Startup 361

Startup Social Media India Acquisition 361

www.huffingtonpost.com

MAY 10, 2011

Minted.com is both a global design community and stationery retailer. Independent graphic designers from all over the world submit designs to our ongoing design competitions, and Minteds community votes to tell us what to sell.

CTO 43

CTO CTO Hire PHP Cofounder 43

Seeing Both Sides

APRIL 10, 2011

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 If investors observing this extraordinary phenomenon in 1996 were to have concluded that the technology market was in the midst of an unsustainable bubble, they would not have been wrong. We had recorded $1.8

IPO 48

IPO IRR Brazil Government 48

Agile VC

JULY 11, 2012

Burr, Egan, Deleage [Boston] –> Huge wins in the 1980s and early 90s included Continental Cablevision (sold for $5.3B – now a big chunk of what is Comcast), Qwest Communications, Cephalon (biotech IPO, acq by Teva), and Powersoft (Burr, Egan made 35x when it went public and then was acquired by Sybase).

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

Pascal's View

NOVEMBER 14, 2009

IPO market and simply dismiss the American equity markets for emerging growth companies today as “no longer engineered for brokers & bankers to make money via flipping over-valued startups to retail investors via institutional cronies” (from Paul Kedrosky’s blog). The current IPO markets in the U.S. jobs today.

Delaware 37

Delaware IPO Venture Capital Private Equity 37

venturebeat.com

MARCH 8, 2011

Unless your reality, is being locked to a desk in an office during the day, and the startup that you are working on is similar in technology to what your day job is paying you to do. Soooooo desk job, and similar technology, I buy that this thread is reasonable but somewhat unrealistic advice. And you need to watch your ass.

Software Review 41

Software Review Startup Technical Review Mobile 41

Startup Professionals Musings

JUNE 13, 2011

The $30 billion trade surplus in advanced technology products that America enjoyed just one decade ago has now become a $56 billion deficit. In addition, due to Sarbanes-Oxley and other regulations, accounting costs have gone up an estimated four times for all businesses, and 2008-2009 represented the worst IPO market in forty years.

Technical Review 230

Technical Review Taiwan Silicon Valley Ireland 230

online.wsj.com

JULY 11, 2012

Technology. Personal Technology. TECHNOLOGY. Craig Walker, co-founder and CEO of Firespotter Labs, a technology incubator, said it feels unnatural to bestow so much voting power on one executive. This time around, technology entrepreneurs are being more assertive. Ran gold Resources Ltd. The Wall Street Journal.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

The Next Web

JANUARY 24, 2014

We have three universities in the top 100 of the Shanghai ranking for engineering and technology. Beyond us claiming the first IPO ever, the Dutch could potentially claim (with a fair bit of imagination) history’s first ‘Super Angel.’ Look out China, we’ll advise you into submission! Entrepreneur Europe Analysis and Opinion'

Netherlands 143

Netherlands Technical Review Stock Silicon Valley 143