Both Sides of the Table

JUNE 30, 2011

This is the final part of a 3-part series on the major changes in the structure of the software & the venture capital industries. But … Downsizing Venture Capital. The venture capital business itself is going through an even more fundamental change than just the entry of a new category at the earliest stage.

Venture Capital 289

Venture Capital Early Stage Valuation Angel Investor 289

Both Sides of the Table

APRIL 15, 2010

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. In the former case many people scoffed at paying up for Google at IPO. money off the table) given the dearth of IPO’s and M&A over the past few years? - Tags: This Week in Venture Capital VC Industry.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

VC Cafe

APRIL 30, 2024

As I’ve shared on VC Cafe in the past, Israeli startups (and venture capital) suffered a number of blows since the peak funding of 2021 which saw capital raising levels cross the $26 billion mark. Notably, there were no Israeli IPOs in Q1 amid the prolonged public market drought.

Technical Review 78

Technical Review Venture Capital Vertical IPO 78

Both Sides of the Table

FEBRUARY 12, 2019

Over the past month a colleague ( Chang Xu ) and I sifted through data on the venture capital industry (as we do every year) and made a bunch of calls to VCs and LPs to confirm our hypotheses. As a result of the IPO window shifting we saw a massive inflow of public-market capital into the latest stages of venture.

Venture Capital 328

Venture Capital Technical Review Seed Stage IPO 328

Steve Blank

APRIL 10, 2019

As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees. Startup Compensation Changes with Growth Capital – 12 Years to an IPO. And Mark Suster of Upfront Capital has a great post that summarizes these changes.

Stock Options 334

Stock Options Stock Vesting Common Stock 334

David Teten

MARCH 14, 2018

If you’re thinking of hiring a Partner, I suggest see How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm. HOF Capital provides hands-on support through our in-house team, plus a network of outside mentors who work with portfolio companies on an as-needed basis. For more, see the Startup Studio Playbook.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Both Sides of the Table

FEBRUARY 6, 2019

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. Others believe that new business models are emerging that could replace venture capital all together. We’re in a new tech bubble!” some have pronounced. trillion in value. trillion in value.

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

Startup Professionals Musings

FEBRUARY 25, 2023

IPO – public company initial public stock offering. According to National Venture Capital Association statistics , only 16% of venture-backed startups recently used this alternative, due to high liability concerns, demanding shareholders, and high costs.

Exit Strategy 264

Exit Strategy Private Equity Equity Technical Review 264

Both Sides of the Table

FEBRUARY 16, 2017

If you believe that more great firms will be created out of the successes of Riot Games, Maker Studios, Snapchat, Tinder, Dollar Shave Club and all the other wealth creation activities over the past 5 years — then you have to believe that LA Tech is on the rise and LA Venture Capital is well positioned to be a part of that future success story.

IPO 214

IPO Los Angeles Technical Review Silicon Valley 214

Startup Professionals Musings

JUNE 2, 2021

That means that many companies are now forgoing the rush to go public (IPO), in favor of major equity investments from specialized venture capital funds, such as Japan’s SoftBank. Look for investors and organizations who practice 10x or 100x thinking, rather than earnings-per-share (EPS) every quarter.

Software Review 355

Software Review Algorithm Global IPO 355

Steve Blank

SEPTEMBER 5, 2018

As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search. Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios.

Lean 335

Lean Burn Rate Startup IPO 335

Austin Startup

AUGUST 18, 2017

By Tushar Jain Traditional venture capital firms typically invest in the equity of young, fast-growing, technology startups. Each individual investment is risky: 75% of venture-backed companies fail to return invested capital to their investors. But all the assets Multicoin Capital invests in are liquid.

Venture Capital 54

Venture Capital Marketing Technical Review Portfolio 54

Feld Thoughts

AUGUST 25, 2015

In January, Jerry Neumann wrote a long and detailed analysis of his view of the VC industry in the 1980’s titled Heat Death: Venture Capital in the 1980’s. My advice to a venture capitalist, then, now or later, is simple: Do what you know, do what you love; build great companies and over time you will succeed.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Startup Professionals Musings

MAY 25, 2020

IPO – public company initial public stock offering. According to National Venture Capital Association statistics , only 16% of venture-backed startups recently used this alternative, due to high liability concerns, demanding shareholders, and high costs.

Exit Strategy 376

Exit Strategy Startup Private Equity Equity 376

David Teten

JUNE 14, 2011

I am delighted to announce that I’m joining ff Venture Capital as a Partner. In addition, Michael Yavonditte , CEO of Hashable , is joining as a Venture Partner. Official blog post and more details here. We have a large crop of exciting growth companies that are starting to come into their own.

Venture Capital 122

Venture Capital Technical Review Early Stage Portfolio 122

Both Sides of the Table

JUNE 29, 2014

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” Having worked through the data with Glenn I am even more optimistic about venture capital than I was even a year ago.

Venture Capital 362

Venture Capital IPO LP Jordan 362

Steve Blank

JANUARY 22, 2014

They failed due to: the dearth of deals in the region that have IPO potential and. most of those funds were also raised and invested prior to the huge capital efficient wave of the past 6-8 years. These regional funds invested in capital-intensive startups that required large initial investments.

Early Stage 287

Early Stage Silicon Valley Oregon Technical Review 287

Both Sides of the Table

SEPTEMBER 15, 2022

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like.

Technical Review 416

Technical Review Pre-Money Valuation San Francisco Valuation 416

Both Sides of the Table

JULY 23, 2014

There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of alternative sources of capital (crowd funding and the like). The overall trends in our industry have breathed a new life into the venture capital industry. The iPhone was released.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

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. Options and warrants, when issued, are also typically exercisable for shares of Common Stock.

IPO 159

IPO Equity Common Stock Stock 159

Startup Professionals Musings

DECEMBER 26, 2013

Initial Public Offerings (IPO) are back as an exit strategy. That is a 65% increase in the number of IPOs over 2012, and the highest proceeds raised since the year 2000. Twitter was one of the most notable, with a market capitalization now up to $38 billion all by itself. in 2013, with aggregate proceeds of over $38 billion.

IPO 273

IPO Entrepreneur Social Media Startup 273

Both Sides of the Table

DECEMBER 11, 2022

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened?

Valuation 466

Valuation San Francisco Ratchet Liquidation Preference 466

online.wsj.com

SEPTEMBER 23, 2012

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail. NAME David Cowan.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

Both Sides of the Table

SEPTEMBER 18, 2014

On the phone … Me: So, you raised venture capital? Maybe an IPO – who knows? How about you close your first capital (say $500,000) and put in the docs that you have up to [90] days to raise an additional $1 million at the same price at your discretion. We raised a seed round. About $1 million. Me: With a cap?

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

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 252

Founder Technical Review CTO Hire IPO 252

Steve Blank

AUGUST 5, 2014

Kathryn has been the founding VP of Marketing of Oracle , a successful recruiter, a world class Venture Capitalist, a co-founder of a Venture Capital firm, a great board member, one of my mentors and most importantly a wonderful friend. The answer of course, was Venture Capital, but that was not in the cards—as yet.

Venture Capital 334

Venture Capital Silicon Valley Chicago Cofounder 334

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.

IPO 118

IPO Silicon Valley Warrant Matching 118

ReadWriteStart

OCTOBER 2, 2021

However, most institutional investors (venture capital groups, for instance) don’t mind this structure, and they, in fact, prefer to invest in corporations due to protections from issuing stocks. Corporations perform better on their IPO openings, and they alone can receive tax benefits via Qualified Small Business Stock (QSBS).

Technical Review 158

Technical Review LLC IPO Stock 158

Startup Professionals Musings

SEPTEMBER 12, 2014

IPO – public company initial public stock offering. According to recent National Venture Capital Association statistics , only 20% of venture-backed startups now use this alternative, due to high liability concerns, demanding shareholders, and high costs. entrepreneur exit IPO lifestyle m&a startup' Marty Zwilling.

Exit Strategy 289

Exit Strategy Entrepreneur IPO Startup 289

David Teten

MARCH 5, 2021

What can we learn from the best 40 venture capital investments of all time? First Round Capital found that among its portfolio companies, startups with female founders outperformed those without by 63%.” . Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels.

Cofounder 78

Cofounder Founder Technical Cofounder Technical Review 78

Both Sides of the Table

FEBRUARY 6, 2017

It was only a year ago that many in the Venture Capital industry were predicting that “winter was coming” and to be fair the author of this post was chief amongst them. Yet as we enter February 2017 the VC funding markets are booming, Snap, Inc has filed for its IPO, AppDynamics was just purchased for $3.7 Baidu alone raised $3.2

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

Steve Blank

AUGUST 19, 2013

But what if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? At the same time, Venture Capital, which had viewed therapeutics, diagnostics and medical devices as hot places to invest, is fleeing the field. Venture Capital Issues.

Venture Capital 302

Venture Capital Startup Lean Philadelphia 302

allthingsd.com

JULY 16, 2012

Venture Capital Has Its Biggest Quarter Since Dot-Com Days. venture capitalists put $8.1 venture capitalists put $8.1 It’s clear that factors like the greater American economy and the bumpy tech IPO market don’t necessarily have a direct and/or timely correlation with venture capital spending.

Venture Capital 71

Venture Capital Technical Review RSS Charlotte 71

Startup Professionals Musings

JUNE 2, 2013

Since Angel investors put money into 60 times as many companies as venture capital funds, according to Wikipedia, early-stage startups need to focus first on the key thresholds that drive these investment decisions. The same hold true for venture capital investors. No exit strategy means no return to investors.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

Version One Ventures

DECEMBER 20, 2021

Over the past 18 months, the pandemic has reset these expectations, leading to huge increases in valuations for both public and private tech companies…not to mention venture capital returns that are far better than what we have traditionally seen! Read the post: Resetting venture capital expectations: is 10x the new 3x?

Venture Capital 60

Venture Capital Technical Review Software Review IPO 60

Haystack

DECEMBER 29, 2018

6/ Venture Capital In Expansion Phase. More and more angels will be minted as the 2019 IPO class emerges. Public investors, cross-over investors, and even traditional private equity firms have taken notice, further blurring the lines of what constitutes true venture capital.

Technical Review 165

Technical Review Venture Capital Russia China 165

Hunter Walker

DECEMBER 11, 2023

Originally backed by venture capital, in 2021 Daniel worked with TPG , a large private equity firm, to make them the majority investor. It might ‘exit’ again at a later point (anything from a sale to an IPO), but it’s no long dependent on VC funding.

Private Equity 78

Private Equity Equity DC Leveraged Buyout 78