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Startup IPO Market: A Fickle Mistress ? AGILEVC

Agile VC

But if you read the whole article you glean more insight… the entire public equity markets have sunk in the last 3-4 months. My partner @ LeeHower looks back: [link] 5 days ago Search. This is clearly true and obviously sucks for any investors who bought these shares in the offering and currently hold them. Previous Entries.

IPO 100
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Cliff Notes S-1: Kayak ? AGILEVC

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Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. Led by Oak Investment Partners with participation by General Catalyst, Sequoia, & Accel and others. Series D Preferred.

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Angel Investing: Know (What Motivates) Thyself

Agile VC

In addition, investing in startup tech companies turns out to provide only a modest level of diversification… angel investments tend to form a high beta portfolio, with reasonably close correlations to public equity markets. ” But as an angel one can overweight this factor.

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Alibaba S-1: How Alibaba Is Governed Like China’s Politburo

Agile VC

Such an approach is common in Silicon Valley… Google, Facebook, LinkedIn, and others have dual-class equity structures which give the holders of one class of shares (typically founders) disproportionate voting rights relative to their fully-diluted ownership stake in the company.

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The Rise & Fall of Great Venture Firms [Part 1] ? AGILEVC

Agile VC

in equity & loans which was ultimately worth >170x ($355M) when DEC went public about a decade later. Some disgruntled younger partners left to go start a new firm in 1965 called Greylock. Some disgruntled younger partners left in the 90s to form what is now Redpoint Ventures (IT team) and Versant Ventures (healthcare team).

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The Rise & Fall of Great Venture Firms [Part 2]

Agile VC

This is true not only in a firm’s dealings with entrepreneurs but also with it’s limited partners and even within the firm among its partners. For example FRC launched a founders equity exchange fund and various programmatic forms of knowledge sharing like list serves, CEO summits, conferences, etc.

Cofounder 193
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Seven Reasons to Become a Founding Entrepreneur ? AGILEVC

Agile VC

2) The Pyramid Scheme of Startup Equity - Just like multi-level marketing schemes, in startups it pays to get in on the ground floor. But founding entrepreneurs typically own an order of magnitude more equity than early hires (who themselves will have disproportionate ownership relative to later hires). Previous Entries.