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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. Im a former Silicon Valley entrepreneur turned East Coast VC. This is clearly true and obviously sucks for any investors who bought these shares in the offering and currently hold them. Read More ».

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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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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

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. Im a former Silicon Valley entrepreneur turned East Coast VC. Author howerl. Filed under Uncategorized. Read More ».

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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. Merrill, Pickard, Anderson & Eyre [Silicon Valley] –> Itself an outgrowth of the venture investing arm of the original Bank of America (based in SF), Merrill Pickard backed many startups that ultimately went public.

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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). Author howerl. Read More ».

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The Hulu Auction ? Content Is Still King ? AGILEVC

Agile VC

Providence Equity invested $100M at a $1B valuation not because of their technology or product, but because the network owners contributed a lot of valuable content… or at least access to it for 2years. Im a former Silicon Valley entrepreneur turned East Coast VC. Turns out content is still king… Author howerl.

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Are Google-Scale Outcomes More Frequent? ? AGILEVC

Agile VC

It’s also worth noting that in the last 5-10 years breakout startups have remained private much longer than in decades past, so more of the equity appreciation has been captured by private investors than public market investors. Im a former Silicon Valley entrepreneur turned East Coast VC. Read More ».