ReadWriteStart

OCTOBER 2, 2021

However, most institutional investors (venture capital groups, for instance) don’t mind this structure, and they, in fact, prefer to invest in corporations due to protections from issuing stocks. While LLCs cannot issue stocks, they can sell bonds to investors. Lower tax rates allow an LLC to be more flexible with finances.

Technical Review 78

Technical Review LLC IPO Stock 78

Both Sides of the Table

JULY 23, 2014

Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” [Note the full presentation deck with additional slides can be found on SlideShare here or you can simply scroll through it at the bottom of this post.]. ” Stated simply – if you seed funded Uber at $4.5m

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

The Next Web

JANUARY 16, 2014

The story struck me as significant for three reasons – firstly, because Freelancer founder Matt Barrie had been very public leading up to the IPO about wanting to list in Australia over both London and NASDAQ. Finally, that this was not the first highly successful tech IPO in Australia in 2013 with OzForex raising AUD $439.4

Australia 146

Australia San Francisco IPO Cofounder 146

Steve Blank

AUGUST 19, 2013

For exits, acquisitions are the rule and IPOs the exception. It has gotten so bad that pension funds and other institutional investors in venture capital funds have told these funds to stay away from Life Science – or at the least, early stage Life Science. WTF is going on?

Venture Capital 301

Venture Capital Startup Lean Philadelphia 301

David Teten

MARCH 5, 2021

Kauffman Fellows Report (2020): “Diverse Founding Teams generate higher median realized multiples (RMs) on Acquisitions and IPOs]. As mentioned above, we report realized multiples (RMs) only for successful startups that were acquired or went through the IPO process.”.

Cofounder 78

Cofounder Founder Technical Cofounder Technical Review 78

David Teten

JANUARY 10, 2012

Michael was the lead research analyst for the IPOs of Internet companies like UUNET, Yahoo!, He was an Institutional Investor ranked analyst for several years. eBay, DoubleClick, Webex, Real Networks, Exodus, Equinix, amongst many other pioneering companies, as well as covering companies like America Online and Netscape.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Ben's Blog

OCTOBER 29, 2020

Since then, the debate over IPOs has continued, with a particular focus on allegedly underpriced offerings that jump shortly after opening — the dreaded “pop.” ” As some criticism has it, this supposedly deprives companies of millions of dollars that should have been theirs if not for underpricing the IPO.

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

Gust

JANUARY 31, 2013

Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO. Public companies have dealt with financial disclosure in ways that evolved over time with markets and technologies. Proxy statement in connection with the annual meeting of stockholders.

SEC 158

SEC Prospectus United States Technical Review 158

ReadWriteStart

APRIL 5, 2012

"A lot of the noise in the market right now is about bringing back irresponsible IPOs. Our objective is to bring back quality IPOs, the kind that we had in the late '80s and the early '90s.". We had institutional public IPO buyers on the task force, they got two votes. (I It was a diverse group.".

IPO 118

IPO SEC Silicon Valley Startup 118

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. And of course the funding problem coincided with the stock market correction that took away most exit options for years to come.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Both Sides of the Table

OCTOBER 12, 2014

Prorata investments rights given investors the right to invest in your future fund-raising rounds and maintain their ownership % in your company as your company grows and raises more capital. Why prorata rights are now sought out by LPs.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Pascal's View

AUGUST 12, 2009

It boggles the mind that Washington would enact new policies sure to prolong this (IPO) drought and strike at the heart of American innovation.” IPO drought testifies to a systemic liquidity crisis for emerging growth companies that is putting at risk an entire generation of innovative American companies. from the WSJ editorial).

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

Steve Blank

JUNE 15, 2011

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. And all of the investors trot out explanations of “why—this time—everything is different&#. The Linked-in IPO valued the company at $8.9

Silicon Valley 327

Silicon Valley Stealth Valuation Mississippi 327

Hunter Walker

SEPTEMBER 29, 2022

So for the most part a venture investor holds their equity until the company exits via an acquisition, IPO, or some sort of other liquidity event (management buyout, whatever). These are all rare, but real, and fortunately not anything we’ve dealt with in our firm.

Venture Capital 122

Venture Capital Cap Table LP Equity 122

YoungUpstarts

NOVEMBER 17, 2016

Equity crowdfunding is likely to work more effectively for startups that require single rounds of thousands and plan to operate as a growing concern, rather than those requiring multiple rounds of millions in startup capital with goals of being acquired or going public via IPO. Timeframes are defined and short.

Equity 100

Equity United Kingdom Cap Table Oklahoma 100

Pascal's View

AUGUST 22, 2009

On Monday, August 10, Barron’s ran a story “Does the IPO Market Shun Smaller Companies?”, This practice has created “ a near oligopolistic hold on tech IPOs ” by these large investment banks.

IPO 40

IPO Merger Institutional Investors Venture Capital 40

VC Cafe

JUNE 19, 2020

There’s an increasing interest from institutional investors in particular, but also high-net-worth individuals, private banks and a variety of other players who are thinking to make more impact investments than we’ve seen in the past couple of years.”. Israel, a hub for Impact Tech?

Venture Capital 174

Venture Capital Global South Africa 174

Pascal's View

NOVEMBER 15, 2011

Dan Primack posted an article in Term Sheet last week titled Yelp This: IPO Market Is Killing It. Responding to these comments in a new post on Monday November 14, IPO Worries Put to the Test This Week , Dan reasserts “my belief that the death of small company IPOs has been greatly exaggerated.” jobs today.

IPO 31

IPO Term Sheet Marketing United States 31

Both Sides of the Table

OCTOBER 1, 2009

IPOs and M&A have returned – and with them the investment bankers have staged a rebound. There have been a number of high profile tech IPO s in the recent months including companies such as OpenTable and more recently LogMeIn. – IPO-able in any normal market. but I’ll save that for post 3/3).

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

Reid Hoffman

OCTOBER 5, 2020

.” SPACs, which are sometimes referred to as blank check companies, are entities that go public and raise money from investors so that the IPO proceeds can be used to invest in and acquire companies. The reason I think SPACs are hot right now is the lack of innovation in the IPO process. In 2014, SPACs raised $1.8

Venture Capital 28

Venture Capital IPO Cofounder Institutional Investors 28

Steve Blank

JUNE 17, 2011

What no one tells the Marks is that as they’re buying, the smart money and institutional investors are quietly pulling out and selling their assets. But they don’t support his justification of the bubble valuations we are seeing for companies filing for IPO’s (Pandora Media just priced its IPO at $2.6

Investment Bankers 310

Investment Bankers Stock Valuation Venture Capital 310

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

VC Cafe

AUGUST 11, 2014

GLG continued to build it’s expert consulting network in the years to follow to become one of the top primary research tools for institutional investors because they have helped their customers to make things simple quickly. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple.

Curation 167

Curation Vertical San Francisco Angel Investor 167

David Teten

JANUARY 28, 2013

The results don’t generalize to all angels, but they strongly suggest that more professional, institutional investors should do even better than individual amateur angels. Second, the overall returns from AIPP are comparable to other datasets (though the IPO percentage is a bit higher).

IRR 114

IRR Angel Investor Angel Groups Cofounder 114

Austin Startup

AUGUST 1, 2017

The binary “get yacht-level rich or die trying” mindset is driven, first and foremost, by large institutional investors. Success for institutional VCs is driven not by absolute dollars returned, but by % returns on capital. If I put in $2MM and get out $10MM in a $50MM exit, that’s a solid 5x return.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

Pascal's View

MARCH 9, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: At a time when transparency is so important to institutional investors, how can fiduciaries reconcile that there is limited information available with a private company?

Government 31

Government Private Equity Institutional Investors Venture Capital 31

Steve Blank

OCTOBER 26, 2009

ARD’s most famous investment was the $70,000 they put into Digital Equipment Corporation (DEC) in 1957 for 77% of the company that was worth hundreds of millions by its 1968 IPO. It wasn’t until the rise of the semiconductor industry and a unique startup culture in Silicon Valley that entrepreneurship became associated with the West Coast.

Silicon Valley 159

Silicon Valley Securities and Exchange Commission Venture Capital RSS 159