Both Sides of the Table

MAY 23, 2012

Many observers of the venture capital industry have questioned whether its best days are behind it. Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Both Sides of the Table

JULY 16, 2010

One is the “denominator problem&# which says that if an LP invests X% (the denominator) into “alternative investments&# such as venture capital and if their total amount available to invest (the numerator) goes down by 30% then the amount they allocate to VC will by definition need to go down by 30% to stay the same percentage.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Both Sides of the Table

OCTOBER 8, 2014

What is perhaps different from other regions is that we have large indigenous aerospace industry and a big high-tech import/export trade as opposed to a lot of software companies. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. But even this is changing. ”).

Los Angeles 376

Los Angeles Silicon Valley Entrepreneur Seattle 376

Steve Blank

JULY 15, 2010

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you.

Venture Capital 299

Venture Capital IPO Liquidity Event Entrepreneur 299

Austin Startup

NOVEMBER 6, 2017

Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale.

Delaware 48

Delaware LLC Startup Silicon Valley 48

mashable.com

OCTOBER 16, 2010

The venture capital industry is facing real competition for the first time in decades. The venture capital industry is facing real competition for the first time in decades. The sudden rise of prominence of the super angels has shaken the very foundations of the venture capital industry, according to Graham.

Angel Investor 84

Angel Investor Venture Capital Social Media Technical Review 84

mashable.com

OCTOBER 16, 2010

The venture capital industry is facing real competition for the first time in decades. The venture capital industry is facing real competition for the first time in decades. The sudden rise of prominence of the super angels has shaken the very foundations of the venture capital industry, according to Graham.

Angel Investor 83

Angel Investor Venture Capital Social Media Technical Review 83

Hunter Walker

APRIL 3, 2014

In advance of the IPO I reconnected with their SVP Product & User Experience Alex Kinnier, whom I know from our days together at Google. I couldn’t ask Alex specifically about the IPO or future plans but wanted to get some more info on a company that gets less press than your typical social app but is poised for an amazing run.

IPO 106

IPO Product Japan Australia 106

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. But what made the overwhelming impression for me was finding an entrepreneurial software cluster on par with the Internet software portion of Silicon Valley. China Venture Capital. Entrepreneurship in Beijing.

Silicon Valley 269

Silicon Valley China Venture Capital Merger 269

Both Sides of the Table

MAY 24, 2021

This is true in consumer but it’s also true in enterprise software. This “overnight success” was first financed in 2004. The abundance of late-stage capital is good for us all. The CEO & founder, Ophir Tanz, has gone on to create his next big startup, Pearl , backed by David Sacks at Craft Ventures amongst others.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

Steve Blank

JULY 25, 2011

While this signaled that investments in technology companies could be very lucrative, both Shockley and Fairchild could only be funded through corporate partners – there was no venture capital industry. government backed venture firms and limited partnerships. A wave of innovation was about to meet a pile of risk capital.

Engineer 307

Engineer Silicon Valley United States Venture Capital 307

Cracking the Code

NOVEMBER 10, 2009

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. On the IPO front, LogMeIn made the news, being one of the few tech IPO on the NASDAAQ in 2009. Congrats to Jim Kelliher, CFO and Michael Simon, CEO, for a successful IPO! software. (10).

Software Review 48

Software Review Technical Review IPO Cloud 48

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.

IPO 242

IPO Venture Capital Private Placement Cofounder 242

Startup Professionals Musings

AUGUST 16, 2010

He is a 26-year software veteran who has survived both startups and big companies. At Capex, the company was in a post startup phase, but growing rapidly in the independent system software marketplace. We eventually sold the company to Computer Associates, beginning the consolidation phase in the enterprise software space.

Angel Investor 211

Angel Investor Arizona Entrepreneur Phoenix 211

Steve Blank

AUGUST 20, 2013

Recently, the financing of innovation in medical devices has collapsed even further with most Class III devices simply unfundable. Venture Capital Issues. Early stage Venture Capital for medical device startups has dried up. The amount of capital being invested in new device companies is at an 11 year low.

Startup 296

Startup Venture Capital Lean IPO 296

Both Sides of the Table

AUGUST 14, 2009

I recently wrote a post on angel financing covering the topic of convertible notes but I realized I was thinking about the issue more from investor perspective and a very narrow topic of how to price the round. So if you’re casually reading and don’t really care about angel financing – abort now!

Silicon Valley 291

Silicon Valley Ireland Technical Review Valuation 291

Cracking the Code

FEBRUARY 27, 2009

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Bessemer Venture Partners Expands BVP VII Fund. New Capital Earmarked for Global High-Growth Investments LARCHMONT, N.Y., New Capital Earmarked for Global High-Growth Investments LARCHMONT, N.Y.,

Software Review 48

Software Review Partner United States Venture Capital 48

Hunter Walker

AUGUST 26, 2022

From Box to Glossier, and Comms to Venture Capital, Ashley Mayer Is Carving a Pretty Unique Path. Hunter Walk: Ok, so we first met when you were leading comms at enterprise software company Box, a startup you joined when they were still pretty early and stayed at until post-IPO. First, congrats!

IPO 91

IPO Cofounder Early Stage Portfolio 91

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. But what made the overwhelming impression for me was finding an entrepreneurial software cluster on par with the Internet software portion of Silicon Valley. China Venture Capital. Entrepreneurship in Beijing.

Silicon Valley 161

Silicon Valley China Venture Capital Merger 161

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

Scalable Startup

AUGUST 26, 2014

When Open Source software projects are launched, the progenitors often start a for-profit sister company to garner some income from training, support and consulting. Will Amazon try to acquire all of Acquia before the inevitable IPO? Acquia, Inc. Drupal was launched in 2001, and Acquia started in 2007. Because they are open source.

Founder 42

Founder Los Angeles PHP Open Source 42

Haystack

NOVEMBER 24, 2018

venture capital to date (more on this in a separate post), unfortunately relegating billion-dollar exits as “ho-hum” events to the technology crowd. 4/ The Big Winners: Cylance raised around ~$280M in financing, with large equity stakeholders being Khosla Ventures, Fairhaven, and Blackstone. 1/ Cash Is King: The $1.4B

Acquisition 62

Acquisition Artificial Inteligence Balance Sheet Cofounder 62

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

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. In the 20th century tech companies and their investors made money through an Initial Public Offering (IPO).

Founder 252

Founder Technical Review CTO Hire IPO 252

Growthink Blog

APRIL 15, 2015

Now given that the company has yet to even come close to breaking even, this can be viewed as either a great validation of Domo''s business model, or as more evidence of the “Bubble Mania” of the current technology financing landscape and a screaming signal to get out while you still can.

Valuation 48

Valuation Venture Capital Finance Acquisition 48

K9 Ventures

OCTOBER 10, 2017

You see, Dan knows more about venture than most people; and if Dan isn’t aware that “pre-seed is a thing,” then I haven’t done a good enough job of explaining to the world what I and K9 do! Q: What amount of financing is considered Pre-Seed? Typically, Pre-Seed rounds are less than $1M in aggregate capital raised.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Growthink Blog

APRIL 2, 2014

Well, if you don’t, try on these IPO, M&A, and financing stats from 1st Quarter 2014: Initial Public Offerings: 72 companies went public in the U.S. And, as of Monday 54 of the 72 of them were trading above their IPO price. Venture Capital. Private Equity. They also raised $10.3 Wrong about the U.S.

Private Equity 69

Private Equity Merger IPO Initial Public Offering 69

Austin Startup

MARCH 7, 2021

From software and hardware design to advanced manufacturing, Texas is fertile ground for innovation, investment, business starts and smart job growth. in the last four years we’ve seen a 250% increase in venture capital funding and have doubled the number of startup development organizations in our community.”

Texas 90

Texas San Antonio Houston Dallas 90

Haystack

DECEMBER 26, 2018

TechCrunch’s Kate Clark has done a round-up of the largest “private VC” rounds of 2018, and there’s a whole other list for just $100M+ financings led by Softbank’s Vision Fund. I am expecting a downturn at some point. Maybe it will be 2019, or 2020 — or even 2021. Money has been coming into the U.S.

IPO 76

IPO Private Equity Valuation Acquisition 76

abovethecrowd.com

AUGUST 23, 2020

But in light of where we are in 2020, especially with regard to the degrading efficiency and sky-rocketing cost of capital through the structurally broken IPO process, SPACs may emerge as a legitimate third option for helping Silicon Valley companies efficiently and cost-effectively transition into the public markets.

IPO 118

IPO Silicon Valley Warrant Matching 118

The Startup Magazine

OCTOBER 14, 2021

TSM: Describe Taxfyle’s product or service in 10 words or less: Richard: Taxfyle is a Service-with-a-Software company that matches taxpayers with licensed CPAs and Enrolled Agents. Here are Richard’s insights and startup advice he shared with us about his entrepreneurial journey…. TSM: With a bit more detail, what does Taxfyle do?

CPA 138

CPA Founder Vertical Cofounder 138

The Equity Kicker

APRIL 22, 2016

I won’t add to the volume of good posts saying that he’s right to point out that the unicorn financing market is entering a dangerous period where all manner of pressures and biases will cause people to behave badly and mistakenly put off adjusting to the new reality in late stage funding.

Burn Rate 60

Burn Rate IPO Valuation Mobile 60

Cracking the Code

FEBRUARY 12, 2007

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. It would be nice if You wanna give us some advises on the recruiting process in Venture Capital Industry. software. (10). Venture Capital. (3). Software 2.0: Yahoo Finance.

Software Review 48

Software Review SEM Marketing Las Vegas 48

Cracking the Code

JANUARY 19, 2016

I began my career at McKinsey and when the Internet bubble burst in 2001, I made a shift towards online software (ASP at the time). They also need VCs capable of financing their entire life cycle — on average, SaaS startups raise between $80 and $100 million before an IPO.

API 48

API Silicon Valley Europe Differentiation 48

BeyondVC

NOVEMBER 17, 2016

We each independently fell in love with enterprise software 20+ years ago as seed investors (cos like gotomeeting/Citrix, greenplum/EMC, livperson/IPO LPSN) and founders (workmarket, onforce/Adecco, spinback/buddymedia/salesf0rce) and are now benefiting from the ecosystems, knowledge and network that we’ve collectively developed.

Cap Table 60

Cap Table Cofounder Dividend Institutional Investors 60

online.wsj.com

SEPTEMBER 23, 2012

Computer Software. SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

Rob Go

FEBRUARY 2, 2016

First, it locks companies into a financing or exit path that is unrealistic for the vast majority of companies. Raising huge amounts of capital creates significant risk for these exits, or for future financing with investors that are thinking more more about short term liquidity. Again, no two companies are the same.

Portfolio 28

Portfolio IPO Venture Capital Finance 28