Steve Blank

MARCH 18, 2011

We’re now in the second Internet bubble. 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.

Internet 335

Internet IPO Silicon Valley Agile 335

Both Sides of the Table

JUNE 22, 2011

The fact that today’s Internet bubble does not represent all companies does not disprove its existence. Ah, but today’s Internet companies have real revenue! And this is happening in mezzanine (pre-IPO) deals as well. And post IPO deals, although these tend to correct more quickly. and profits!

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Haystack

DECEMBER 29, 2018

More and more angels will be minted as the 2019 IPO class emerges. Governments blocking acquisitions, the curtailment of company expansion, more scrutiny on overseas operations of U.S. Traditional seed funds have gotten bigger, many armed with opportunity funds on top. Hundreds of new micro funds somehow keep getting into the market.

Technical Review 165

Technical Review Venture Capital Russia China 165

Up and Running

NOVEMBER 12, 2014

Initial Public Offering (IPO). Initial Public Offering (IPO): This exit strategy is not suited to most small businesses, primarily because it means convincing both investors and Wall Street analysts that stock in your business will be worth something to the general public. Types of exit strategies. Management buyout. Family succession.

Exit Strategy 117

Exit Strategy Lock-up Period Merger IPO 117

VC Cafe

AUGUST 2, 2022

think about the entrepreneurs that started in the early days of the Internet, mobile, crypto, VR and yes… now Metaverse. monthly active end-users who are engaging with content created or operated by Unity solutions in 2020. Is there an early mover advantage for being early on a technology trend? Here we go! Epic Games.

IP 206

IP Cofounder Valuation Acquisition 206

Steve Blank

SEPTEMBER 14, 2009

On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.) The IPO Bubble – August 1995 – March 2000 In August 1995 Netscape went public, and the world of start ups turned upside down. Tech acquisitions went crazy at the same time the IPO market did.

Silicon Valley 235

Silicon Valley IPO Technical Review Venture Capital 235

Feld Thoughts

APRIL 21, 2014

In the last two weeks there’s been a flurry of articles about the implications of a 25% decline in the public market value of a bunch of Internet stocks. We probably had about $150m committed and were running around trying to get to $300m for what we had positioned as a dedicated Internet VC fund.

Stock 140

Stock Internet SEC Italy 140

Startup Professionals Musings

NOVEMBER 6, 2020

It seems that most of you entrepreneurs I meet in my role as business advisor are convinced that starting a new business requires equity investors, exponential growth, and a plan to go public via IPO. Personal income is related to operations versus equity. Use flexibility to match your lifestyle.

Small Business 311

Small Business Small Business Administration SBA Equity 311

Up and Running

AUGUST 18, 2014

Apart from having different ways of thinking about ‘growth’, startups seek financial investment differently than most small business operations. Startups tend to rely on capital that comes via angel investors or venture capital firms while small business operations may rely on loans and grants. A word to the wise from the wise.

Small Business 154

Small Business Exit Strategy Cofounder Angel Investor 154

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. While individual VC’s inside venture firms specialized in particular domains (PC’s, peripherals, semiconductors, test equipment, operating systems, applications, etc.,) Here’s why.

Lean 263

Lean Internet Silicon Valley Venture Capital 263

Agile VC

MARCH 8, 2012

Tech IPOs Are Back – So Now What? Three of the five “blockbuster” tech IPOs I predicted have happened (LinkedIn, Groupon, Zynga) and the biggest of all (Facebook) has filed and will likely go public within the next 90 days. I see several dynamics at work in today’s IPO markets. March 8, 2012.

IPO 100

IPO Silicon Valley Revenue Seed Stage 100

David Teten

MARCH 14, 2018

I’ve listed them below in *very* roughly descending order of efficiency, measured by increased dollars one can put to work, divided by the operational dollars required to implement each strategy. . Sophisticated VC and private equity funds have a wide array of options for leveraging outside operating executives. – Go public.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Gust

JANUARY 31, 2013

Modern theories of economics and finance teach us that in a world of perfect information, the market will decide what a fair price is for any company’s stock at any point in time based on its current financial condition, results of past operations, analysts’ forecasts of future performance, industry conditions and so on.

SEC 158

SEC Prospectus United States Technical Review 158

Agile VC

MARCH 13, 2012

And at PayPal we were hit with a couple patent disputes while in the midst of our IPO process. With Facebook in the late innings of its IPO process, Yahoo! in court if necessary even if it meant delaying their IPO slightly. So put in the context of Facebook’s IPO process and a new Yahoo! execs involved.

IP 100

IP IPO Social Network Silicon Valley 100

Agile VC

FEBRUARY 2, 2012

Facebook S-1: The Most Anticipated IPO in a Decade. Here’s my first look at Facebook viewed through the lens of their IPO filing. who derive a meaningful chunk of their revenue from operating ad networks. To put that in perspective, Facebook’s overall operations (which are highly profitable) generated about $1.5

IPO 100

IPO South Korea Venezuela Revenue 100

Both Sides of the Table

APRIL 13, 2011

There was a lot of consumer internet activity again…resurgence of things, but it was still mysterious, venture capital was still kind of closed, 1st time entrepreneurs had a lot of questions that were unanswered, and there was still some sort of hand waiving around all the financing stuff and so we took it on….”. was starting.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

VC Cafe

OCTOBER 19, 2010

P eerTV , a veteran Israeli startup company which enables Content Providers, ISPs and Operators to deliver OTT (Over-the-Top) TV services, has filed for IPO in the London AIM market today. million) to position itself as a player in the growing Internet TV market. The IPO is underwritten by Libertas Capital Corporate Finance.

IPO 68

IPO Internet Channel Operations 68

Version One Ventures

DECEMBER 14, 2016

Of course, upcoming IPOs like Snapchat will bring some added excitement to the industry. Every 10-15 years, a major cycle reshapes the computing landscape: PC (1981), Internet (1994), Mobile (2007). If you’re enthusiastic about these themes as an entrepreneur, investor, or operator, please reach out!

Technical Review 60

Technical Review Early Stage Portfolio Valuation 60

Both Sides of the Table

JUNE 17, 2017

The first company represents a normal software company that sells its products directly (either via sales staff or directly off of the internet). million to fund operations in their first year of operations. On quick glance a person might lament the fact that Company A is “not profitable” or is being a typical Internet startup.

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

Startup Professionals Musings

FEBRUARY 19, 2012

The job changes from creating a “work of art” to operating a “cookie cutter.” Initial Public Offering (IPO). But since the Internet bubble burst in the year 2000, the IPO rate has declined every year until 2010, and is now at about 15%. This used to be the preferred mode, and the quick way to riches.

Exit Strategy 241

Exit Strategy Initial Public Offering IPO Startup 241

500hats.com

AUGUST 2, 2012

While a flood of new VCs came into existence during the late 90’s internet boom, many had difficulty raising new funds after the crashes of 2000-2001 and 2008 , and as a result significantly fewer fund managers exist now compared to a decade ago. Mega VC, Micro VC.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

www.entrepreneur.com

SEPTEMBER 22, 2011

Money Money Home Financing Taxes Accounting Basics Personal Finance Money Management Payments & Collections IPOs and DPOs Will Crazy Market Moves Kill IPOs and Slash VC Investment? Posted in Internet/E-Commerce 26 days ago How Do Master Franchise Owners Get Paid? Financing Some Jobs Act Proposals Make Headway. Play Video.

Sweat Equity 55

Sweat Equity Equity Fractional CTO CTO 55

Duct Tape Marketing

JUNE 23, 2016

A good way of looking at it is how sports teams operate. Even if your company never offers an IPO, having long financial value is one of the most positive aspects of good brand recognition. Josh MacDonald is an internet entrepreneur and software develop best known for his development of marketing automation software.

Software Review 44

Software Review Merger Advertising IPO 44

Startup Professionals Musings

JANUARY 5, 2011

The job changes from creating a “work of art” to operating a “cookie cutter.” Initial Public Offering (IPO). But since the Internet bubble burst in the year 2000, the IPO rate has declined every year until 2010, and is now at about 15%. This used to be the preferred mode, and the quick way to riches.

Exit Strategy 231

Exit Strategy Initial Public Offering Startup IPO 231

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. Amazon saw that the internet would change retail.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Agile VC

JUNE 5, 2011

So Groupon obviously filed their S-1 the other day to formally being the IPO process. It also puts another chink in the armor of the meme that monster internet companies can only be built in Silicon Valley (LivingSocial, Kayak, Gilt Groupe, CSN Stores, et al doing damage here too). AGILEVC My idle thoughts on tech startups.

North America 100

North America Chicago Boston Silicon Valley 100

YoungUpstarts

APRIL 7, 2013

With new crowdsourced fundraising operations like Kickstarter and IndieGoGo , entrepreneurs are finding that they might be able to rely on the kindness of thousands of strangers who are willing to invest in their ideas. Despite this, crowdfunding has a pretty big gap to fill.

Advisory Board 249

Advisory Board Entrepreneur Portland Oregon 249

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 274

Founder Technical Review CTO Hire IPO 274

Startup Lessons Learned

SEPTEMBER 15, 2008

But by taking advantage of open source, agile software, and iterative development, lean startups can operate with much less waste. ► August (2) SXSW Case Study: SlideShare goes freemium ► July (4) Case Study: kaChing, Anatomy of a Pivot Some IPO speculation Founder personalities and the “first-class man&# th.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

This is going to be BIG.

JUNE 19, 2012

The company reaches more than 8 million internet users each month through some of the top applications on Facebook and other social networks. In addition to operating its own applications, Buddy Media helps large media companies and marketers develop, build, manage, and promote social media applications.

Software 112

Software Media Social Media Advertising 112

Ben's Blog

JANUARY 26, 2021

Dall-E does this using a neural network called CLIP (C ontrastive Language-Image Pre-training), which classifies a wide variety of images culled from the internet while “filling in the blanks” using zero-shot reasoning , enabling Dall-E to produce surprising images by inferring information it wasn’t trained in.

Artificial Inteligence 36

Artificial Inteligence SEC Issued Shares IPO 36

Gust

NOVEMBER 23, 2011

Yet the content industry (principally represented by RIAA and MPAA) has been relentless in pushing for UGC site operators to be deputized in a copyright police state in the interest of fighting piracy. In 2011, virtually every new consumer Internet startup incorporates a social/UGC element.

IPO 110

IPO Prospectus SEC Intellectual Property 110

YoungUpstarts

MARCH 3, 2020

A successful venture capitalist, Chris and his team at JAMCO continue to consult with and maintain equity positions with a range of firms operating in his areas of expertise. Anyone involved in Internet related high-tech businesses at the time learned much from the loss of easy to raise capital with high valuations and quick IPO/RTO exits.

Partner 147

Partner Uganda Angel Investor Bulgaria 147

YoungUpstarts

MAY 16, 2018

There, he would be showered in venture capital, build a team of similarly brilliant twenty-somethings, acquire millions of customers seemingly overnight, and steer his startup to an IPO and himself to the cover of Inc magazine well before his 30th birthday. Oh, how wrong you would be.

Silicon Valley 157

Silicon Valley Forecast Venture Capital Business Plan 157

Steve Blank

MARCH 9, 2016

We didn’t IPO it. there’s a big difference between creating things, managing things, and operating things. We were better at creating things and not so good at managing or operating them. … It was all strategic partnerships leading to IPOs. Drew : It wasn’t a successful startup. We didn’t sell it.

Silicon Valley 120

Silicon Valley Cofounder Entrepreneur IPO 120

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY.

Private Equity 68

Private Equity Merger IPO Equity 68

The Next Web

FEBRUARY 24, 2014

One of the most recent success story is the IPO of QIWI plc on the NASDAQ in May 2013. QIWI plc is the largest Russian operator of electronic payment systems and was founded by a group of iTech Capital LPs. Since the date of the IPO, the company has tripled in size. Key performance indicators are low when compared to the UK.

Russia 140

Russia Europe Government Vertical 140