David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Lessons Learned

MAY 31, 2019

He’ll be speaking at this year’s Lean Startup Conference , and also has a new book (for which I very happily wrote a short foreword) coming out next month: Secrets of Sand Hill Road: Venture Capital and How to Get It. What is venture capital, really? And what does a venture capital firm do?

Lean 108

Lean Venture Capital Conversion IPO 108

Steve Blank

APRIL 23, 2014

In response, venture capital firms like Sequoia and Andreessen/Horowitz are hiring new partners just to work with their portfolio companies and match them to corporations. VCs like acquisitions as much as IPOs because the acquiring companies often can rationalize paying large multiples over the current valuation of the startup.

Acquisition 333

Acquisition Intellectual Property Silicon Valley Startup 333

The Startup Magazine

FEBRUARY 8, 2022

Most notably, the ground-breaking development and rapid global distribution of mRNA vaccines highlighted the speed and scale of technological advances to outsmart humanity’s most dire threats. When the first microwave oven hit the market in 1955, it cost roughly $12,000 in today’s dollars; today you can pick one up for $64 on Amazon.

Artificial Inteligence 145

Artificial Inteligence Technical Review Global Technology 145

Startup Professionals Musings

JANUARY 16, 2011

It has been at least a decade since going public via an Initial Public Offering (IPO) has been considered a credible exit strategy for startups. But before you jump on the bandwagon, you should consider the advice I saw recently from the maven of venture capital, William H. Do you need the IPO for your acquisitions strategy?

IPO 223

IPO Social Media Media Exit Strategy 223

Steve Blank

MARCH 22, 2022

In 2021 venture capital funds invested over $2 billion in 90+ Quantum technology companies. While most of the IPOs have been in Quantum Computing, Quantum technologies are used in three very different and distinct markets: Quantum Computing , Quantum Communications and Quantum Sensing and Metrology. Quantum communications ?

Technology 436

Technology Algorithm Stealth Distribution 436

Both Sides of the Table

MARCH 11, 2011

He took out an ad in the Yellow Pages (it was the early 80′s, pre Internet), which cost him $1,000 / month for a half-page ad. GoTo.com went on to ink huge distribution deals with Microsoft, AOL & Yahoo! That gave Google a huge cost advantage. In 1995 Netscape IPO’d and browsers started to become more prevalent.

Product 350

Product Tuvalu Dilution Incubator 350

abovethecrowd.com

APRIL 17, 2013

One company with an astonishingly high rake is recently IPOed Shutterstock, a photo-purchasing marketplace where the content owner receives only 30% of gross receipts. A sustainable platform or marketplace is one where the value of being in the network clearly outshines the transactional costs charged for being in the network.

Europe 101

Europe Social Network Technical Review IPO 101

Austin Startup

NOVEMBER 6, 2017

The main drivers, from our viewpoint, are: Many tech entrepreneurs no longer view venture capital as an inevitability in their growth path, and have grown skeptical of the traditional “growth at all costs” mindset found in many startup circles; and An increasing number of VCs are growing comfortable with LLCs.

Delaware 48

Delaware LLC Startup Silicon Valley 48

Steve Blank

AUGUST 5, 2010

Consumer Internet investing seems to have split off from traditional Venture Capital, and is creating a new category of VC’s: Lean VC’s. Electron-based Venture Capital. When I first came to Silicon Valley the world of Venture Capital looked pretty simple. Here’s why.

Lean 263

Lean Internet Silicon Valley Venture Capital 263

Both Sides of the Table

JUNE 17, 2017

If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. Is the revenue dependent on a concentrated set of distribution partners or platforms that put future revenue at risk? What did they actually do?

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. About this same point in time, the journalists that focus specifically on the venture capital industry noted something quite profound.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit. The New Bubble : (2011 – 2014): Here we go again…. (If

Internet 335

Internet IPO Silicon Valley Agile 335

Both Sides of the Table

JULY 10, 2010

This episode of This Week in Venture Capital featured Michael Montgomery, president of Montgomery & Co. For entrepreneurs who want to learn about how to work with investment banks, how to position yourself to be acquired and what the IPO markets look like this is the episode to watch. TechCrunch. GroupSpaces.

IPO 242

IPO Venture Capital Private Placement Cofounder 242

Both Sides of the Table

MAY 4, 2010

They’ve had a total of 12 deals that have IPO’d. Venture Partners, Grotech Ventures, Revolution LLC (Steve Case). We also discussed the fact that an IPO often doesn’t mean the founders or investors can take too much money off the table. Raising $75mm in IPO, values company at $515mm.

IPO 236

IPO .Net Venture Capital Strategic Investors 236

abovethecrowd.com

JULY 10, 2014

Because of the magical ordering system and the ability to efficiently organize a distributed set of drivers, Uber can operate effectively in markets where it simply didn’t make sense to have a dense supply of taxis. According to Ferenstein, “AAA estimates that the average cost of car ownership per year is about $9,000.” New Use Cases.

San Francisco 111

San Francisco San Jose Marketing Technical Review 111

500hats.com

AUGUST 2, 2012

TL:DR : This post aims to recap significant changes in the venture capital industry over the past ten years, and then make some [biased] predictions as to major forces at play in the next five years. However, all three shifts are related and can be summed up simply as: Geeks are Taking Over Venture Capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

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. And, as the industrial revolution showed us, there are some real costs to scale.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Startup Lessons Learned

AUGUST 24, 2009

One is explaining the world as it used to work: the importance of gatekeepers, the scarcity implied by limited distribution, and the resulting quality bar that the industry is so proud of. Mostly it is the time and expense required to create the means of distribution for that industry. It’s just taking some longer than others.

San Francisco 113

San Francisco Lean Technical Review Distribution 113

K9 Ventures

APRIL 9, 2014

But scaling is hard, and these companies can suffer from The Curse of Over Capitalization. Threshold for an IPO is higher Ten years ago, if you had $20M in revenue you were ready to go public. Hiring costs are up dramatically The cost of hiring top quality talent in the bay area has gone up dramatically.

Mezzanine 134

Mezzanine Seed Stage Early Stage IPO 134

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). tells you how much adwords cost. free, distributed source code control management system. hire low-cost international engineering talent. Boilerplate Venture Funding Documents. National Venture Capital Association â?? SEMRush â??

Software Review 53

Software Review Technical Review Startup 53

Growthink Blog

MAY 23, 2011

With this seed capital – more often than not totaling between $100,000 and $1,000,000 - the company accomplishes a number of key technical milestones, gets a beta customer or two, and then goes on a "road show" to venture capitalists around the country for capital to “scale” the business. There are a lot of dark, hard days.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

Tim Keane

JANUARY 12, 2010

  I’ve sat down with entrepreneurs and a copy of a term sheet guide I like [ “Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations ” by Alex Wilmerding, Aspatore Press.] and walked through each proposed term and why it is or isn’t important. times the investment.).

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Haystack

DECEMBER 26, 2018

On top of this, the cost of bringing projects online has fallen, it’s become more fashionable to play the startup game, and so forth. Money has been coming into the U.S. and the Bay Area specifically at a rapid rate. the cash windfall to the Bay Area will surge past the days of Facebook’s offering.

IPO 76

IPO Private Equity Valuation Acquisition 76

Austin Startup

MARCH 7, 2021

San Antonio has Geekdom with USAA and Port San Antonio with the Air Force Cyber Command; Houston has The Ion with Rice University, Microsoft and NASA and The Cannon distributed across the city; Dallas has Pegasus Park with UT Southwestern and Lyda Hill Philanthropies; and Austin has Capital Factory with the Army Futures Command.

Texas 90

Texas San Antonio Houston Dallas 90

ReadWriteStart

APRIL 26, 2012

In an interview with ReadWriteWeb, Davidson explains how the latest industry to receive the disruption treatment has been the venture capital business itself, with the epicenter of the quake right around San Francisco. There used to be the Four Horsemen of the IPO world, back in the '80s and '90s. Number of U.S.

IPO 115

IPO Stock San Francisco Lean 115

Reid Hoffman

JANUARY 13, 2021

You know, “I have profit loss statements and cost of customer acquisition and long-term value and cohort analysis and all of these things,” (all of which of course super important for understanding and valuing businesses appropriately), and what they’re growing to, and what the growth stage, and what is the future. I was wrong.”

Incubator 36

Incubator IPO Networking Cofounder 36

Steve Blank

AUGUST 27, 2009

After that there’s a discussion of how the product will reach the customer and the potential distribution channel. The distribution discussion leads to some conclusions about competition: who are they and how they differ. The distribution discussion also leads to some assumptions about pricing.

Silicon Valley 269

Silicon Valley Product Startup Product Development 269

Steve Blank

JUNE 8, 2009

In contrast to simply executing your business plan, the Customer Development process is built on low-cost and continuous learning and iterating. M&A, IPO? You take your product vision and get out of your building to turn your hypothesis into facts. Where do the ideas come from? Innovation – Business Model? Technology?

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Vertical Silicon Valley RSS Marketing 125

infochachkie.com

DECEMBER 5, 2011

At the time of its launch, the name “cisco” was also confusingly similar to SYSCO, the $20B food distribution company. John Greathouse is a partner at Rincon Venture Partners , a venture capital firm investing in early stage web-based businesses. Launching Venture (34). Venture Capital (7).

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Naming Technical Review Product Product Name 40

Scalable Startup

FEBRUARY 1, 2013

And so the other reason that I am very interested in delving deep into this space is that it seems like IPOs like Workday, Palo Alto Networks are sort of — they have metrics and analytics that Wall Street understands, more so than a Facebook; like “We are going to sell X number of this in the next year.” The GitHub guys did an amazing job.

Software Review 22

Software Review Startup Venture Capital Stock 22

Pascal's View

MAY 13, 2011

Amount of venture capital raised has exploded. This enabled consolidation among the brokerage houses and banks, which led to the loss of multiple distribution channels for securities and reduced the ability for small players to survive. i. Pre bubble period 1991-1996 totals $28 billion. cents or 6.25 cents or 6.25

Equity 31

Equity Securities and Exchange Commission IPO Marketing 31