Both Sides of the Table

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How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

How Do I Feel About the Snap IPO Given I Didn’t Invest? If you really want to know how I feel about Snapchat then you need to check out www.snapstorms.com where I post short advice videos that I previously recorded on Snapchat. I love this product & the community I’ve formed there.

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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

As a result of the IPO window shifting we saw a massive inflow of public-market capital into the latest stages of venture. A rounds (first chart) have been largely flat in terms of deals and dollars as have B rounds (second chart).

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

What You Can Learn From Public Markets It doesn’t really take a genius to realize that what happens in the public markets will filter back to the private markets because the ultimate exit of these companies is either an IPO or an acquisition (often by a public company whose valuation is fixed daily by the market).

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Praying to the God of Valuation

Both Sides of the Table

Raising capital remained difficult but possible and valuations were tied to underlying performance metrics and everybody accepted the the ultimate exit — whether through M&A or IPO — would also be based on some level of rational pricing.

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The Changing Structure of the VC Industry

Both Sides of the Table

Cheap, mobile, social, global, massive, always-on, one-click-purchase has led to the most successful companies of our era hitting unprecedented scale early in their development and has massively shifted the value captured from post-IPO investors to pre-IPO investors as is demonstrated in the chart above.

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Good Times Ahead for VC-backed Tech Companies?

Both Sides of the Table

Projected IPOs for 2009 are an embarrassing 10 total deals, down from 86 just 2 years ago (it was 265 in the go-go years of 99-00) but at least up from 6 in 2008. Fred Wilson supports Montgomery’s view in this thoughtful post on the return of the tech IPO market.

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A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

This huge increase of capital is really just money that used to be invested post-IPO, so more value is captured by VCs who traditionally sold post-IPO In a way we see this late-stage capital as a different market segment than traditional venture capital but it gets lumped into the same classification. trillion in value. Still reading?