Startup Professionals Musings

JULY 22, 2020

The new investors you need at this stage are investment bankers, private equity, or competitors, to buy you out via merger or acquisition (M&A), or to go public with an Initial Public Offering (IPO). This is the exit stage for the entrepreneur, and for all earlier investors.

Angel Investor 370

Angel Investor Intellectual Property Investment Bankers Private Equity 370

Ben's Blog

AUGUST 28, 2020

There’s a popular narrative that evil investment bankers are intentionally underpricing traditional IPOs to steal from companies, lining banker pockets and those of their fatcat Wall Street clients. The proof is seemingly obvious: IPOs are 50x oversubscribed!

IPO 36

IPO Investment Bankers 36

Ben's Blog

AUGUST 28, 2020

There’s a popular narrative that evil investment bankers are intentionally underpricing traditional IPOs to steal from companies, lining banker pockets and those of their fatcat Wall Street clients. The proof is seemingly obvious: IPOs are 50x oversubscribed!

IPO 36

IPO Investment Bankers 36

ReadWriteStart

JULY 18, 2011

Money man and pundit Paul Kedrosky also spoke at the International Startup Festival and offered humorous, blunt advice about how to get what you want from investors and investment bankers. Kedrosky: "In the 90's I was an analyst through all this [tech investment and IPO] madness. You want to build your own IPO and exit.

Investment Bankers 153

Investment Bankers Technical Review Cofounder Due Diligence 153

Ben's Blog

MAY 24, 2021

IPO market. billion multi-stage venture capital firm focused on IT-related investments… I also serve on various investment committees, including for the St. Prior to joining Andreessen Horowitz, I held several executive positions in a publicly-traded software company and was previous to that an investment banker.

SEC 36

SEC Accredited Investor IPO Technical Review 36

Growthink Blog

DECEMBER 27, 2017

All investors are motivated by a clear picture of your exit strategy, or the timing and method through which they can “cash in” on their investment. The most common exits are IPOs or acquisitions. Be sure to provide comparable examples of firms who have successfully exited. Ready to get started? Need help with your business plan?

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129

thebarefootvc

JANUARY 27, 2014

The influx of capital contributing to these valuations is happening at the lower risk, pre-IPO stage—once a company has scaled to prove out its business model with significant revenue and/or market share. Further, while the public markets are opening up to IPOs once again, companies take much longer to IPO than in previous cycles.

Technical Review 63

Technical Review Valuation Venture Capital Investment Bankers 63

Growthink Blog

SEPTEMBER 24, 2014

I had the good fortune to moderate a panel at last week''s IBA Silicon Valley from Start-up to IPO / Exit Conference. start-ups that turn into “Unicorns” - businesses with exits via IPO or acquisition of greater than $1 Billion - emanate almost exclusively from the United States, and far more specifically from Silicon Valley.

Silicon Valley 79

Silicon Valley IPO Los Angeles San Francisco 79

Startup Lessons Learned

MAY 4, 2021

It was one of the year's most successful IPOs so far, and has been heralded as a "landmark moment" for cryptocurrency's entrance into mainstream investing. Just before the IPO, I had a far-reaching conversation with co-founder and CEO Brian Armstrong as he approached this major milestone for the company he co-founded back in 2012.

IPO 113

IPO Cofounder Technical Review Government 113

Both Sides of the Table

SEPTEMBER 10, 2021

In 2001 companies IPO’d very quickly if they were working, by 2011 IPOs had slowed down to the point that in 2013 Aileen Lee of Cowboy Ventures astutely called billion-dollar outcomes “unicorns.” How little we all knew how ironic that term would become but has nonetheless endured. What Does this Mean for a Venture Capital Firm?

Pre-Money Valuation 471

Pre-Money Valuation Valuation Venture Capital Early Stage 471

Startup Professionals Musings

JULY 5, 2011

Even though the Initial Public Offering (IPO) alternative for a successful startup seems to be coming back into vogue, it is still extremely rare. companies made the IPO transition in 2009, out of thousands of startups. Expensive new IT systems, consultants, and investment bankers are usually required.

Exit Strategy 235

Exit Strategy IPO Investment Bankers Entrepreneur 235

Startup Professionals Musings

AUGUST 19, 2018

The new investors you need at this stage are investment bankers, private equity, or competitors, to buy you out via merger or acquisition (M&A), or to go public with an Initial Public Offering (IPO). This is the exit stage for the entrepreneur, and for all earlier investors.

Angel Investor 184

Angel Investor Intellectual Property Investment Bankers Private Equity 184

Feld Thoughts

SEPTEMBER 20, 2013

We’ve confidentially submitted an S-1 to the SEC for a planned IPO. After four days of chatter about this, Dan Primack wrote the first definitive article I saw that made sense of all of this titled Twitter’s IPO will not be done in secret. Or worse – for some reason the IPO window closes and you don’t go public.

SEC 142

SEC IPO Investment Bankers Valuation 142

Startup Professionals Musings

JULY 4, 2014

The new investors you need at this stage are investment bankers, private equity, or competitors, to buy you out via merger or acquisition (M&A), or to go public with an Initial Public Offering (IPO). This is the exit stage for the entrepreneur, and for all earlier investors.

Angel Investor 232

Angel Investor Intellectual Property Investment Bankers Private Equity 232

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. There is a lot of pent-up demand.

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

Startup Professionals Musings

FEBRUARY 5, 2012

This is the final stage of investment in venture opportunities, and is the point where investors expect to see the return and gain from the original investment. At this stage, you need investment bankers to negotiate a merger or acquisition (M&A), go private, or help you go public with an Initial Public Offering (IPO).

Investment Bankers 241

Investment Bankers Venture Capital Startup Initial Public Offering 241

Startup Professionals Musings

AUGUST 13, 2016

The new investors you need at this stage are investment bankers, private equity, or competitors, to buy you out via merger or acquisition (M&A), or to go public with an Initial Public Offering (IPO). This is the exit stage for the entrepreneur, and for all earlier investors.

Matching 120

Matching Angel Investor Intellectual Property Investment Bankers 120

Seeing Both Sides

MARCH 22, 2011

Yet, I found myself muttering "amen" to myself a few times as I read this morning's editorial on "Whatever Happened to IPOs?". But recent conversations that I have had with bankers has carried a different, even more depressing message. They released a series of spot-on recommendations to help bring back the IPO market.

IPO 38

IPO Investment Bankers Massachusetts SEC 38

The Equity Kicker

JULY 26, 2012

You may have seen that investors sent Zynga’s shares down by as much as 40% in after hours trading last night, taking the share price to $3, which is 70% off the level of their mid-December IPO. Which raises the obvious question of why IPO investors are making these mistakes.

Investment Bankers 96

Investment Bankers IPO Marketing Valuation 96

Startup Professionals Musings

OCTOBER 13, 2010

This is the final stage of investment in venture opportunities, and is the point where investors expect to see the return and gain from the original investment. At this stage, you need investment bankers to negotiate a merger or acquisition (M&A), go private, or help you go public with an Initial Public Offering (IPO).

Investment Bankers 231

Investment Bankers Venture Capital Startup Initial Public Offering 231

Gust

NOVEMBER 22, 2011

This is the final stage of investment in venture opportunities, and is the point where investors expect to see the return and gain from the original investment. At this stage, you need investment bankers to negotiate a merger or acquisition (M&A), go private, or help you go public with an Initial Public Offering (IPO).

Venture Capital 171

Venture Capital Investment Bankers Angel Investor Initial Public Offering 171

Steve Blank

JUNE 17, 2011

They’re the mortgage brokers and real estate agents in the housing bubble, the investment bankers and technology press in the dot.com bubble. 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 They know others will.

Investment Bankers 315

Investment Bankers Stock Valuation Venture Capital 315

BeyondVC

NOVEMBER 17, 2006

I am not sure if you saw the news , but Salary.com recently filed for an IPO to raise up to $50 million. I would usually put IPO filings in the nonevent category but as I dug deeper into the company and financial performance, it did raise some interesting questions for me. The post Is the bar lower for a tech IPO?

IPO 60

IPO Investment Bankers Demand Revenue 60

Pascal's View

AUGUST 22, 2009

On Monday, August 10, Barron’s ran a story “Does the IPO Market Shun Smaller Companies?”, ” The story includes quotes from former National Venture Capital Association (NVCA) chairman Dixon Doll of DCM and investment banker Paul Deninger, who is the vice-chairman of Jefferies & Co. jobs today.

IPO 40

IPO Merger Institutional Investors Venture Capital 40

Professor VC

FEBRUARY 12, 2015

investment bankers, while the dot com bubble was driven by investment bankers willing and able to convince institutional and retail investors that companies didn''t need to have a business model or even a way to exist without relying on additional investment. Kleiner got a markup of approximately 12X at the IPO.

Las Vegas 28

Las Vegas IPO Pre-Money Valuation Valuation 28

Growthink Blog

MAY 21, 2014

Typical was this comment submitted by a San Diego VC: " I agree that the VC fund industry is guilty as charged when it comes to being opaque as to real returns data, but I challenge you to revisit your analysis in 24 to 36 months, when we all will have had time to benefit from today’s strong M&A and IPO markets."

San Diego 72

San Diego Warrant IRR Investment Bankers 72

Seeing Both Sides

SEPTEMBER 15, 2015

In 2014, for example, 18 IPOs raised a record-breaking $9.8 know how the entrepreneurial game is played, know the relevant growth-stage investors and investment bankers, and are adept at navigating exits at different stages. Indeed, the pattern of scaling seems to be changing meaningfully in recent years. billion in 2013.

Cofounder 20

Cofounder Technical Review United States 20

BeyondVC

OCTOBER 25, 2003

Just one word of caution for us venture capitalists and entrepreneurs-let’s not equate this to a return to the mid-to-late 90s IPO boom. If you assume a 2004 IPO for Google and Salesforce.com, both would have taken 5 years from their first round of venture capital. Yes, this is old news and much anticipated.

IPO 60

IPO Investment Bankers Venture Capital Valuation 60

Jeff Hilimire

FEBRUARY 3, 2014

I’ll leave you with this story to hammer home the point: An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!”.

New York City 54

New York City Investment Bankers Mexico IPO 54

Scott Edward Walker

JUNE 23, 2011

Indeed, Pandora disclosed in its recent IPO filing that it received a criminal subpoena in April “in connection with a federal grand jury…convened to investigate the information sharing processes of certain popular [smartphone] applications….”

Accredited Investor 82

Accredited Investor Sweat Equity Los Angeles Finder 82

Both Sides of the Table

JANUARY 31, 2011

At the time all investment bankers secretly wanted to be VCs and many did just that. The days of quick flips, quick IPOs and astronomic returns had come to a close. But the “gilded age” ended quickly.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

readwrite.com

NOVEMBER 27, 2012

Yes, suddenly the enterprise is cool again. And nobody is loving this more than Aaron Levie, the 27-year-old co-founder and CEO of Box, which sells cloud-based data storage and collaboration software to enterprises.

Silicon Valley 64

Silicon Valley Architecture San Francisco Cloud 64

ithacaVC

DECEMBER 14, 2011

One final background point, a “liquidation event” is a sale of the company and typically NOT an IPO. 100,000) of transaction expenses. ($800,000) of investment banker fees assuming a banker is used. Ok, enough of the background. million balance. ($3 3 million) to Series A LP. ($10 4 million) to Series C LP.

Liquidation Preference 49

Liquidation Preference LP Preferred Stock Liquidity Event 49

Both Sides of the Table

JANUARY 22, 2011

At the time all investment bankers secretly wanted to be VCs and many did just that. The days of quick flips, quick IPOs and astronomic returns had come to a close. But the “gilded age” ended quickly.

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

Steve Blank

OCTOBER 29, 2009

. ———————– The First Valley IPO’s Silicon Valley first caught the eyes of east coast investors in the late 1950’s when the valleys first three IPO’s happened: Varian in 1956, Hewlett Packard in 1957, and Ampex in 1958. Interestingly enough, Fred Terman, Dean of Stanford Engineering was tied to all three companies.

Silicon Valley 128

Silicon Valley SBIC San Francisco RSS 128

Seeing Both Sides

APRIL 29, 2009

The rules of the game for the start-up's ultimate goal, accessing the public market through an IPO, were set by the investment bankers and sales desk traders on Wall Street. And, secondly, NYC is where the big capital was - that is, after the company had matured past the VC financing stage.

New York 20

New York Washington New York City DC 20