Startup Professionals Musings

JUNE 6, 2014

" Current IPO activity feedback seems to support their excitement. IPO market showed more activity than any other first quarter since 2000, with 64 companies raising $10.6 That is more than double the number of IPOs in the first quarter of 2013. business entrepreneur initial public offering IPO startup'

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IPO Initial Public Offering Startup Small Business Administration 236

Gust

JANUARY 31, 2013

Last month, the SEC announced it was taking action regarding Netflix’ (NFLX) securities compliance based on a Facebook status update posted by CEO Reed Hastings. To understand the SEC’s point of view , it’s necessary to review the principles underlying securities law in the United States.

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SEC Prospectus United States Technical Review 158

Startup Professionals Musings

AUGUST 21, 2021

Then there is the pressure to go public ( IPO ), and open your investment to thousands, maybe millions, of small investors. That requires work and risk to comply with reporting requirements of the SEC, including the additional accounting and reporting processes. Bring in an experienced Board and world-class leaders.

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Merger Due Diligence SEC IPO 379

Agile VC

NOVEMBER 6, 2013

A few years ago this was sort of a novelty… not that many startups were going public and not that many bloggers or mainstream journalists took the time or had familiarity with combing these SEC filings. Twitter’s IPO has garnered a ton of attention in the tech and popular press. Growth IPOs Are Back.

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IPO Aggregator B2B Internet 194

Feld Thoughts

JUNE 20, 2011

However, now that the IPO window for tech companies has opened back up there are some companies that I want to track. However, I don’t really care about the daily stock prices – instead, I’m focused on the actual SEC filings. My partner Jason suggested I just use the SEC website. No extra email notifications.

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SEC RSS IPO Stock 112

Ben's Blog

JUNE 19, 2017

Where has the initial public offering (IPO) gone? That’s a question the capital markets have been asking for some time, and is a leading concern of the Securities and Exchange Commission (SEC), too. But this question matters beyond those interested …

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IPO Securities and Exchange Commission Initial Public Offering SEC 56

Haystack

DECEMBER 29, 2018

More and more angels will be minted as the 2019 IPO class emerges. Traditional seed funds have gotten bigger, many armed with opportunity funds on top. Traditional seed funds have gotten bigger, many armed with opportunity funds on top. Hundreds of new micro funds somehow keep getting into the market.

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Technical Review Venture Capital Russia China 165

The Startup Magazine

NOVEMBER 17, 2021

The SEC tightly regulates the way you must share information about your investment opportunity, and following this framework is absolutely mandatory. Unlike traditional initial public offerings (IPOs) that could take years to unfold, you may only have a couple of months before you’re public. Credit: ilixe48 via FreePik. Challenge No.

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Initial Public Offering Merger IPO SEC 142

Pascal's View

MARCH 18, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: Do you think than anemic IPO market will remain a deterrent to VC investing? I believe that an entire generation of American innovation is at risk as a result of the lack of IPO’s. For more on the SEC Concept Release, click HERE.

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IPO Government SEC Venture Capital 28

deal architect

AUGUST 31, 2012

Workday has filed its S-1 with the SEC as part of its IPO process. For the 37 months ending January 31, 2012, total revenues were $ 227 million, accelerating year on year, so let’s round off to lifetime revenues of.

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SEC IPO Revenue Cloud 262

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. When a company has this cleared by the SEC, it is ready to go public.

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SEC IPO Investment Bankers Valuation 142

Ben's Blog

JANUARY 26, 2021

. – with Zoran Basich In the second segment (12:58) , we had a quick chat with a16z Managing Partner Scott Kupor about the recent decision by the SEC to allow the issuance of new shares via direct listings on the New York Stock Exchange. Previously direct listings were limited to the sale of existing shares. – with Zoran Basich

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Artificial Inteligence SEC Issued Shares IPO 36

Ben's Blog

OCTOBER 29, 2020

Since then, the debate over IPOs has continued, with a particular focus on allegedly underpriced offerings that jump shortly after opening — the dreaded “pop.” ” As some criticism has it, this supposedly deprives companies of millions of dollars that should have been theirs if not for underpricing the IPO.

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Feld Thoughts

JANUARY 11, 2021

I remember signing document after document with him at Interliant and remember sitting at the Interliant office in Purchase after the IPO roadshow, waiting for the SEC to clear our filing so we could price. We went public two months later, but there was a lot of Scotch drunk the night we got that fax from the SEC.

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SEC Cofounder Boston New York 164

Startup Professionals Musings

AUGUST 7, 2016

Despite the fact that the number of IPOs (Initial Public Offerings) for startups have continued to decrease, I still hear it touted often as the preferred exit strategy. I suspect the exuberance for an IPO is still being driven by the highly visible successes of several companies a few years ago, including Facebook, Yelp, and Twitter.

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IPO Initial Public Offering SEC Stock Options 120

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.

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IP IPO Social Network Silicon Valley 100

Feld Thoughts

APRIL 21, 2014

They range from “the sky is falling” to “the IPO market window is closing” to “there will be more stupid television shows about Silicon Valley” (I prefer Game of Thrones and 24, thank you very much.). Day after day passed and we didn’t hear from the SEC. Suddenly the IPO market window closed.

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Stock Internet SEC Italy 140

Version One Ventures

OCTOBER 7, 2014

You can read Krager’s article for all the figures (many of which are from Hubspot’s S1 SEC filing and from Moz directly), but here are some of the key differences: Hubspot spends $11,233 to acquire a new customer. After the IPO, they can recover those losses. Moz spends $131 to acquire a new customer.

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Initial Public Offering IPO SEC Valuation 148

K9 Ventures

JULY 12, 2018

would wait till a companies IPO and buy stock in the IPO. The average time to IPO is increasing and has now crossed 8–9 years and is approaching 10 years. 6) SEC oversight and regulation : The distinction between public companies and private companies has been very binary so far. Rowe Price, etc.

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IPO Marketing Accredited Investor SEC 119

Startup Lessons Learned

JULY 28, 2010

In the early fall of 2009, as kaChing prepared for its marketplace launch, the management team showed the app—which included real time market data, SEC-grade accounting, analytics, compliance and customer management tools—to a number of investment pros to get feedback and endorsements.

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San Francisco Lean Continuous Deployment SEC 158

Feld Thoughts

MARCH 14, 2018

When I first heard the phrase “ ICO ” three or four years ago, my immediate thought was something like “that’s just an invitation to the SEC to regulate that. Why do a play off the acronym IPO – call them something innocuous like “Papayas” instead.

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Advertising SEC Private Equity Equity 86

VC Adventure

JUNE 12, 2012

One of the provisions that didn’t get much attention but that I felt was perhaps the most important of the Act was the provision that allowed companies to privately file an S1 registration statement with the SEC. This provision only requires companies to make their filing public 21 days prior to commencing a road-show.

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SEC IPO Stock Advertising 90

View from Seed

MAY 16, 2019

I have friends who are execs or shareholders of the company, but I have no stake in Slack nor intent to invest in the IPO. A somewhat unique thing about the Slack IPO is that they’re pursuing a direct listing on the NYSE. But now we have a chance to really dig in and understand Slack’s business a bit better. ARPUs/year.

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Lock-up Period Retention Azure .Net 168

Version One Ventures

OCTOBER 7, 2014

You can read Krager’s article for all the figures (many of which are from Hubspot’s S1 SEC filing and from Moz directly), but here are some of the key differences: Hubspot spends $11,233 to acquire a new customer. After the IPO, they can recover those losses. Moz spends $131 to acquire a new customer.

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Initial Public Offering IPO SEC Valuation 78

Version One Ventures

APRIL 6, 2021

The SEC declared Coinbase ’ s S-1 registration statement effective. This marks the first IPO in the Version One family. . If you missed it, you can read our announcement here. The company expects its direct listing to occur on April 14, 2021 with its Class A common stock trading on the NASDAQ under the ticker symbol COIN.

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Portfolio SEC Common Stock Angel Investor 60

BeyondVC

AUGUST 9, 2006

Yes, this is easier said than done, but when this happens you can do things like Bob Parsons , CEO of GoDaddy, recently did (via Techmeme )- pull his IPO. As he discusses in his blog post: Why I decided to pull our IPO filing. You might ask, why, if Go Daddy’s situation has never been better, did I decide to pull our IPO filing?

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Technical Review IPO SEC Stock 60

Gust

NOVEMBER 23, 2011

The law would have the effect of allowing companies to stay private longer, deferring the significant expense, management distraction and public disclosure of financial and operating data involved in the IPO process. All opinions expressed are those of the author, and do not necessarily represent those of Gust.

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IPO Prospectus SEC Intellectual Property 110

VC Adventure

JUNE 12, 2012

One of the provisions that didn’t get much attention but that I felt was perhaps the most important of the Act was the provision that allowed companies to privately file an S1 registration statement with the SEC. This provision only requires companies to make their filing public 21 days prior to commencing a road-show.

SEC 48

SEC IPO Stock Advertising 48

Agile VC

MAY 16, 2019

I have friends who are execs or shareholders of the company, but I have no stake in Slack nor intent to invest in the IPO. A somewhat unique thing about the Slack IPO is that they’re pursuing a direct listing on the NYSE. But now we have a chance to really dig in and understand Slack’s business a bit better. ARPUs/year.

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Lock-up Period Retention Azure .Net 100

Both Sides of the Table

MAY 4, 2010

They’ve had a total of 12 deals that have IPO’d. ReachLocal – we discussed this deal at length including what amount of revenue does it take to get to an IPO (Jim’s view, sub $100 million in fine as long as you have good margins and a strong growth rate). Raising $75mm in IPO, values company at $515mm.

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IPO .Net Venture Capital Strategic Investors 236

ReadWriteStart

APRIL 2, 2012

IPOs by year, 1980-2011, with pre-IPO last 12-month sales less than (small firms) or greater than (large firms) $50 million (2009 purchasing power). But it could affect one thing right away: the level of buzz and information surrounding young IPOs, which no longer have to keep mum. Number of U.S. Credit: Prof.

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IPO Startup Florida Seed Capital 121

Gust

JULY 18, 2012

This tension explains why shareholder advocacy groups, large investment funds, and (to a varying extent) the SEC put so much energy behind initiatives related to executive compensation , Board independence, shareholder proposals (the corporate equivalent of direct democracy — e.g., propositions on the ballot in California), and so forth.

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Stock Options SEC Stock Government 188

abovethecrowd.com

AUGUST 23, 2020

But in light of where we are in 2020, especially with regard to the degrading efficiency and sky-rocketing cost of capital through the structurally broken IPO process, SPACs may emerge as a legitimate third option for helping Silicon Valley companies efficiently and cost-effectively transition into the public markets.

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IPO Silicon Valley Warrant Matching 118

Gust

MAY 24, 2012

Dual-class voting structures are receiving a lot of attention these days along with intense publicity related to the Facebook IPO , following in the wake of other recent tech IPOs with a similar structure such as Zynga and LinkedIn.

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Business Plan Blog

NOVEMBER 13, 2013

The return only happens when there is an exit via acquisition or an IPO. Per SEC rules “accredited investors” need to meet one of the following criteria: 1. The above definition of accredited investors is being currently reviewed by the SEC in terms of current financial thresholds of income and net worth. Raising Angel Capital.

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Finance Accredited Investor Angel Investor Seed Capital 93

Steve Blank

JUNE 24, 2013

Lobbyists also work through regulatory bodies like FCC , SEC , FTC , Public Utility, Taxi, or Insurance Commissions, School Boards, etc. The banks lobbied regulators in Louisiana , New York , California, and Idaho and soon they were issuing injunctions forcing PayPal to delay their IPO.

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North Carolina New Jersey New York Government 335

www.geekwire.com

JULY 10, 2012

Meanwhile, SEC filings indicate that Frazier Healthcare and Voyager Capital — both of Seattle — are on the prowl for more money. Small tech firms outpace big counterparts with IPOs. million of what partners hope will be a much larger fund. It appears to be a good time to look. Recent Posts. A PC on every wall?

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Venture Capital Seattle Cofounder Software Engineering 42