Feld Thoughts

OCTOBER 18, 2019

One of the many great things about the Governor of Colorado is that he’s an entrepreneur, having started multiple successful technology companies, including BlueMountainArts.com (acquired by Excite for $800m) and Provide Commerce (IPO, then acquired by Liberty Media for $500m).

Colorado 70

Colorado Government IPO Agile 70

Feld Thoughts

JANUARY 28, 2021

Boomer hedgies getting crushed by young folks self-organizing in social media. Only big institutions can get into hot IPOs. I’m more interested in the 2nd, 3rd, and 4th order effects instead of the financial and market dynamics. For example, from Fred’s post. The generational aspect of this is important. But hang on.

Stock 213

Stock IPO Restful Social Media 213

Feld Thoughts

SEPTEMBER 20, 2013

Of course you did – it’s all the mainstream media could seem to write about last week after the now infamous twitter tweet about it. We’ve confidentially submitted an S-1 to the SEC for a planned IPO. Or worse – for some reason the IPO window closes and you don’t go public. It’s largely irrelevant.”

SEC 142

SEC IPO Investment Bankers Valuation 142

Feld Thoughts

AUGUST 25, 2015

Not really; it was a result of an industry investing into a frothy market at higher and higher valuations in expectation of near term liquidity, and suddenly the IPO window shutting, leading to no exits and little additional capital to support these companies.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Feld Thoughts

JULY 28, 2014

The booming IPO market proved the model of investing in new companies, as some SBICs cash out at attractive levels. If you want to see a fun quote on it, read A History of Silicon Valley which quotes: “ …many venture capital pioneers think the SBIC program did little to advance the art and practice of venture investing.

SBIC 142

SBIC Venture Capital Colorado SBA 142

Feld Thoughts

NOVEMBER 10, 2013

From nothing to IPO in less than 18 months, a market cap of > $20 billion, followed by a 99% decline in the stock price post-bubble. In this case, however, the only VC who truly had conviction to get behind Akamai was Todd Dagres – then of Battery Ventures, now of Spark Capital. Akamai was an amazing pre-Internet bubble story.

Denver 129

Denver IPO Cofounder 129