Both Sides of the Table

JUNE 5, 2011

2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. million post-money valuation with no revenue. I acknowledged this in the article.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

Agile VC

APRIL 17, 2011

GameFly filed in 2010 and remains in registration, though 2011 has seen a positive start for VC-backed IPOs with 14 in Q1 2011. Now that Google’s acquisition of ITA is closed, following lenghty FTC review, it would appear Kayak is poised to proceed with their IPO in the coming months. =. Quinstreet priced at $15.00/sh

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Feld Thoughts

AUGUST 25, 2015

Some were Silicon Valley early stage companies, such as Apple, Quantum, and Masstor Systems. while none of the non-Silicon Valley regional firms were long-term successful as regional firms. However, none were based in the Silicon Valley and are probably unfamiliar names to today’s practitioners.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Both Sides of the Table

MARCH 1, 2016

And while there is a narrative that most LPs only want to invest in the long-standing Silicon Valley brands that have existed for the past 40 years, there is evidence that many LPs understand that it is possible for new entrants in our industry to stake out grounds of differentiation.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Agile VC

MAY 26, 2011

Google is still a private company (their IPO was Aug 2004). Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. And obviously all the liq prefs went away in the IPO when pref stock converted to common. Im a former Silicon Valley entrepreneur turned East Coast VC.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Scalable Startup

OCTOBER 26, 2014

Imagine if you’re in Silicon Valley right now with no equity in a tech startup, but associated with several people getting six figure “bonuses” because they somehow wound up with some stock in one. If the startup actually makes it to an IPO, there is actually something you can do.

Silicon Valley 25

Silicon Valley Hawaii Angel Investor IPO 25

Scalable Startup

OCTOBER 26, 2014

Imagine if you’re in Silicon Valley right now with no equity in a tech startup, but associated with several people getting six figure “bonuses” because they somehow wound up with some stock in one. If the startup actually makes it to an IPO, there is actually something you can do.

Silicon Valley 20

Silicon Valley Hawaii Angel Investor IPO 20

Both Sides of the Table

SEPTEMBER 16, 2010

As I’ve highlighted I believe we’re in a unique period similar to 2005-08 where the biggest tech firms of Silicon Valley (and some media companies) are scooping up small software companies as “talent acquisitions&# versus accretive revenue / profit generators. This is actually the norm.

Cap Table 283

Cap Table Angel Investor Liquidation Preference Deal Flow 283

Both Sides of the Table

JULY 16, 2010

The best and most consistent funds in Silicon Valley (e.g. But my conversations in the private corridors on Sand Hill Road in Silicon Valley is that many fund sizes will be smaller going forward. Revenue must come from a primary source (as opposed to advertising or other third party sources). Others will, too.

LP 311

LP Technical Review Early Stage Silicon Valley 311

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. Hiring technology talent in Silicon Valley is getting difficult, and the time it takes to drive across Palo Alto has tripled—all signs of the impending apocalypse.

Silicon Valley 327

Silicon Valley Stealth Valuation Mississippi 327

Austin Startup

MAY 10, 2021

a full 60x trailing twelve month revenues. Companies have increasingly digitized operations, but in silos, said lead director Rich Wong, a partner at Silicon Valley venture-capital firm Accel, an early investor in UiPath. For context, UiPath’s revenue last year was reported at $607 million and grew 81% over the prior year?—?so

Silicon Valley 113

Silicon Valley IPO Venture Capital Valuation 113

Agile VC

JUNE 5, 2011

So Groupon obviously filed their S-1 the other day to formally being the IPO process. They’ve grown from nothing to >$2B in revenue in 30 months time, making the company among the fastest growing businesses in the histroy of the world. Financial Snapshot: 2010 Revenue: $713M. in net revenue and passes $0.58

North America 100

North America Chicago Boston Silicon Valley 100

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

Both Sides of the Table

NOVEMBER 13, 2014

Helped merge company with Seedling – on track to do $20 million combined revenue in 2015 – will now become Chairman). billion IPO), Envestnet (Chicago, $1.25 billion IPO), HealthDataInsights (Las Vegas, $400 million) as well as LA (Maker Studios $1 billion, TrueCar $1.3

Partner 408

Partner Las Vegas Los Angeles Baltimore 408

Steve Blank

MARCH 18, 2011

The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit. Carpe Diem.

Internet 334

Internet IPO Silicon Valley Agile 334

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. How They Make Money : Facebook’s primary revenue stream is of course selling advertising on Facebook.com, which in total accounts for 85% of revenue. 2011 YoY Revenue Growth: 88%.

IPO 100

IPO South Korea Venezuela Revenue 100

Both Sides of the Table

JULY 27, 2014

Most of those industries are fee-based and are competing on revenue growth. Scott pointed to B-round SaaS valuations in excess of $100 million in $15m+ financing rounds with companies with very limited proof of customer traction or revenue. I don’t totally agree with that view.

Valuation 309

Valuation Pre-Money Valuation Later Stage Non-Compete 309

YoungUpstarts

DECEMBER 29, 2014

Here at WePay, 2014 was a big year for us as well — we pivoted fully into our API business, introduced the industry’s first risk API, launched the first white label payments product with complete protection from fraud, and more than doubled our revenue. The IPO market for financial technology companies will start to heat up.

IPO 218

IPO API Silicon Valley Mobile 218

Steve Blank

APRIL 10, 2019

In tech startups stock options were here almost from the beginning, first offered to the founders in 1957 at Fairchild Semiconductor , the first chip startup in Silicon Valley. It drove the relentless “do whatever it takes” culture of 20 th century Silicon Valley. Why Startups Offer Stock Options. And the bet worked.

Stock Options 333

Stock Options Stock Vesting Common Stock 333

View from Seed

JULY 24, 2015

We have companies in Chicago, San Francisco (and elsewhere in Silicon Valley), Omaha, and New York. The tweet that really spoke the most truth to this discussion (just check the replies for proof), was from Mike Troiano, a well-known marketer and CMO of Actifio, which is considered to be IPO-bound in the next year or two.

Boston 120

Boston Cofounder B2C PR 120

Steve Blank

AUGUST 5, 2010

When I first came to Silicon Valley the world of Venture Capital looked pretty simple. VC’s invested in things that ran on electrons: hardware, software and silicon. In 1980 Genentech became the first IPO of a venture funded biotech company. I think you can blame Customer and Agile Development for a small part of it.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Austin Startup

NOVEMBER 6, 2017

Also, most VCs are only looking for companies in a high-growth track where any net revenue will be reinvested for growth (no corporate profits, no corporate tax), so they are selecting for companies for whom an LLC structure isn’t really that appealing. But not all VCs think that way. In that world, everyone is a Delaware C-Corp.

Delaware 48

Delaware LLC Startup Silicon Valley 48

Startup Professionals Musings

JUNE 26, 2020

You may have heard that venture capitalists in Silicon Valley no longer read business plans. All startups, including non-profits, need revenue to thrive, such as such as from subscriptions, retail, online, licensing, or services. They want to see revenue to share in the return. Budget time and dollars for each.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Scalable Startup

SEPTEMBER 11, 2013

[contact-form] Can any other region “catch up” to Silicon Valley, or be the next Silicon Valley? These towns are setting their expectations way too high while the real Silicon Valley giggles at the sight. Silicon – Uh, yeah, that word? It’s what started all this.

Silicon Valley 22

Silicon Valley San Francisco Angel Investor Hawaii 22

Both Sides of the Table

JUNE 25, 2015

We grew 100% in SaaS revenue year-over-year and 650% over the past three years. We now have 150 people across three offices, tens of millions in recurring revenue, inbound demand from investors, opportunities to acquire related startups and demands on Jason’s time to speak at conference, do press interviews and so on and so on.

Silicon Valley 150

Silicon Valley IPO Demand Revenue 150

The Equity Kicker

OCTOBER 8, 2012

According to Paul most startups should look at revenue growth, but active users is a good proxy for companies that aren’t charging their customers (yet). Growth is the main driver of value in our companies and it is what makes them exciting to IPO investors and acquirers. Sometimes investors are convinced. Sometimes not.

Silicon Valley 149

Silicon Valley IPO eCommerce Valuation 149

Steve Blank

AUGUST 27, 2009

Yet we used the product development model not only to manage product development, but as a road map for finding customers and to time our marketing launch and sales revenue plan. Assuming no early liquidity (via an IPO or merger) for the company, more fund raising is required. Steve Blanks 30 years of Silicon Valley startup advice.

Silicon Valley 260

Silicon Valley Product Startup Product Development 260

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 245

Founder Technical Review CTO Hire IPO 245

The Equity Kicker

AUGUST 24, 2012

As a result, commentators like Alan Patrick are asking whether we are seeing the end of Silicon Valley as we know it. These funders were providing liquidity to early investors and additional capital for growth, just like the IPO markets used to. per cent return on venture over the last ten years. Here’s why.

IPO 101

IPO Valuation Silicon Valley Venture Capital 101

Seeing Both Sides

NOVEMBER 30, 2010

Bill Gurley’s excellent piece on Silicon Valley IPO Anxiety inspired me to take a companion look at the East Coast, particularly Massachusetts and New York, and evaluate the health of the local IPO economy and prospective pipeline. 2009 Revenue (mn). Today, I'll cover Massachusetts; tomorrow, New York. Biogen Idec.

IPO 34

IPO Massachusetts New York Silicon Valley 34

infochachkie.com

SEPTEMBER 24, 2011

For instance, if a consultant proposes to help you with public relations, pay them a commission equivalent to the greater of a flat fee per story placed or a percentage of revenue generated from the PR coverage. If a consultant claims they can enhance your marketing efforts, pay them based on their direct impact on your incremental sales.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

YoungUpstarts

JULY 29, 2013

But they’ll sit up and pay attention when you talk about the customers and revenues of the business. Hero mentors” have exited their businesses through a trade sale or IPO, sometimes multiple times; they offer inspiration to your team and coaching on strategy and tactics. ii.actual REVENUE? Listen to what it tells you.

Asia 184

Asia Singapore Cofounder Incubator 184

Agile VC

MAY 23, 2012

In the wake of the undue frenzy leading up to and now ex post recriminations about Facebook’s IPO, the mainstream media and normal folks keep wondering if the non-existent “bubble” for internet companies has now popped. Im a former Silicon Valley entrepreneur turned East Coast VC. May 23, 2012. link] aweissman.

Internet 182

Internet Silicon Valley IPO Seed Stage 182

Steve Blank

JUNE 8, 2009

Business and Revenue Model – How do we organize to make money? M&A, IPO? Steve Blanks 30 years of Silicon Valley startup advice. Marketing – How do you create end user demand? Business Development – What type of partnership or whole product is needed? Customer Development Steps – How do we iterate with customers?

Vertical 122

Vertical Silicon Valley RSS Marketing 122

Agile VC

JANUARY 27, 2012

Revenue ramp of Groupon and Zynga –> Kleiner famously said Zynga was the fastest growing company they’d ever invested in , no mean feat for the original backers of Google, Amazon, Netscape, etc, and Groupon might be the fastest ever startup to reach $1B in revenue. Read More ».

Hockey Stick 113

Hockey Stick Seed Stage Silicon Valley Syndicate 113

Startup Lessons Learned

NOVEMBER 17, 2008

If youre making revenue, you should be finding ways to grow it predictably month-over-month; if youre focused on customer engagement, your product should be getting more sticky, and so on. The four kinds of work, and how to get them done: The four kinds of work, and how to get them done: Five Whys Where did Silicon Valley come from?

San Francisco 88

San Francisco Lean Continuous Deployment DC 88

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. Blitzscaling is a strategic technique for moving faster, not a reckless gamble.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28