David Teten

SEPTEMBER 6, 2015

And they should be; the feeding frenzy in the innovation economy is in some cases because startups are eating the lunch of more established companies. Mari is now building a new venture in human-machine interaction within the Samsung accelerator, currently in stealth mode. New York Times’ timeSpace is a good example.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

YoungUpstarts

NOVEMBER 19, 2017

There is a thin line between success and failure for startups, and that is usually determined by capital. The more capital a startup has, the easier it is to get off the ground and ramp up growth. In turn, this leads to the development of a thriving startup ecosystem which paves the way for technology and innovation.

Venture Capital 175

Venture Capital Asia Artificial Inteligence Later Stage 175

View from Seed

JANUARY 13, 2021

What has happened is that over the last 10 years, the vast majority of successful startups have raised some sort of a seed round prior to a series A. That said, we definitely don’t bank on this as a firm, even though we do see ourselves playing a multi-turn game with all of our later stage coinvestors. Then Doordash.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

Steve Blank

JANUARY 22, 2014

Part 2: Early-stage Regional Venture Funds. Success depends on finding startups that have identified acute customer pains in large markets where conditions are ripe for a new entrant. as a distribution channel have vastly reduced the amount of capital a startup needs at the early stage when the risk is greatest.

Early Stage 286

Early Stage Silicon Valley Oregon Technical Review 286

Steve Blank

APRIL 23, 2014

For decades large companies have gone shopping in Silicon Valley for startups. What can companies learn from others’ failed efforts to integrate startups into large companies? The answer - there are two types of integration strategies, and they depend on where the startup is in its lifecycle. The Innovation Portfolio.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Steve Blank

APRIL 12, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. All the usual caveats apply.

Venture Capital 271

Venture Capital China Offshore SBIR 271

Both Sides of the Table

JUNE 28, 2011

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around. So it’s unsurprising that typical “A rounds&# of venture capital were $5-10 million.

Venture Capital 334

Venture Capital Software PHP Open Source 334

Steve Blank

APRIL 12, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. This post is about the rise of Chinese venture capital and how it helped build the countries entrepreneurial ecosystem. The Rise of Chinese Venture Capital. All the usual caveats apply.

Venture Capital 163

Venture Capital China Offshore SBIR 163

Up and Running

MARCH 31, 2021

The standard Seed round was once around $75,000 to $150,000 startup. This is because Angels make their money by investing in startups. With over one-half of small businesses closing their doors this year or last year, there is now far less competition for startups to gain an investor’s attention. It is now up to $300,000.

Small Business 116

Small Business Angel Investor Technical Review Elevator Pitch 116

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. There’s a ton of writing out there about getting *on* the venture curve, but not a lot about getting *off,* so Daniel’s advice below is especially important.

Private Equity 78

Private Equity Equity DC Leveraged Buyout 78

The Equity Kicker

OCTOBER 14, 2014

———————————– If you ask most VCs what they look for in a startup they will say great team, great product and great market. Venture Capital' The post below first appeared as a guest post by me on the Web Summit Blog. Marc Andreessen wrote about this once.

Early Stage 123

Early Stage Institutional Investors Venture Capital Startup 123

VC Cafe

SEPTEMBER 28, 2023

You know the adage that 90% of startups fail in their first 3 years of existence? According to a startup genome report from 2019 , that figure is actually a bit higher, 11 out of 12 startups fail (which is 91.6%). In raw numbers, 87 startups that had raised at least $10 million ended up closing down.

Valuation 103

Valuation Startup Angel Investor Dilution 103

Up and Running

SEPTEMBER 15, 2014

I have to start with a major negative: if you have to ask if your startup can get venture capital, then it almost certainly can’t. Venture capital is a very rarified atmosphere of high-end startups and emerging businesses with experienced management teams, high potential growth, secret sauce, and so on.

Software Review 124

Software Review Due Diligence Venture Capital Elevator Pitch 124

Steve Blank

MARCH 17, 2020

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. One of the key elements of survival is access to capital.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Both Sides of the Table

MAY 28, 2018

Conversely many VCs believe that constraining cash can often lead to increases in creative solutions at a startup. A VC wants to know that you have a solid plan to execute a stand-alone business and if you require capital for an acquisition they’d rather evaluate it at the time rather than over-fund you now.

Burn Rate 247

Burn Rate Valuation Pre-Money Valuation Dilution 247

Both Sides of the Table

OCTOBER 12, 2014

They often create the biggest tensions between investors who are investing at different stages in the business. These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior. I have seen bad behavior from later-stage VCs, believe me.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Both Sides of the Table

JULY 22, 2010

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Tags: Startup Advice This Week in Venture Capital. It was accept the terms or go into bankruptcy so we took the money. You reap what you sow.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

Austin Startup

MAY 11, 2017

645 Ventures: A New Era of Venture Capital Investing Arena Growth Partners We help great leaders build great businesses. Our unique approach to investing, coupled with a pioneering spirit, provides the vision to guide early stage growth companies beyond today and toward future success.

Private Equity 48

Private Equity Venture Capital Technical Review Seed Stage 48

Austin Startup

JUNE 27, 2017

Looking for Funds in All the Right Places: The Definitive Guide to Austin Capital By David Altounian and Stephen Straus OVERVIEW For entrepreneurs: We’ve compiled a definitive list of sources of capital in Austin to help focus your fundraising efforts. We’ve compiled a definitive list of sources of startup capital in Austin.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

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. That’s the deal you get when you’re raising in a good market for startup financing.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

thebarefootvc

JANUARY 27, 2014

I think that later stage valuations are frothy (for reasons I explain below) while earlier stage valuations are starting to stabilize from previous highs (with the exception of the superstar serial entrepreneur) - turns out scaling in a sea of competition (both startup and entrenched) is not so easy. Or so it seems.

Technical Review 63

Technical Review Valuation Venture Capital Investment Bankers 63

The Equity Kicker

AUGUST 19, 2015

In the words of an alum from the 2006 cohort: Companies are joining YC at a much later stage. Today, there are six YC companies worth over a billion dollars, and as a result new startups aim much higher. That marks a shift in the YC investment strategy which used to focus on younger businesses.

Later Stage 60

Later Stage Private Equity Venture Capital Valuation 60

The Next Web

SEPTEMBER 13, 2013

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. He is currently CEO of Bubbly , a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding.

Asia 132

Asia Silicon Valley India Term Sheet 132

This is going to be BIG.

SEPTEMBER 30, 2012

How would they know unless they surveyed a critical mass of startups all at the same stage now and then three years ago or so to compare? Well, they did ask David Chao of Doll Capital, who said that the " frothy bubble is over ". International and non-Valley startup communities are developing at a rapid pace.

Venture Capital 114

Venture Capital Marketing Term Sheet Software Review 114

Feld Thoughts

NOVEMBER 2, 2016

This quarter they interviewed me as part of it on Quarterly VC Update: Brad Feld on the State of Venture Capital Investing. It continues to be highly dependent on company, stage, and location. At the early stages, raising the first $2m tends to be straightforward in most geographies that have meaningful startup communities.

Venture Capital 70

Venture Capital Private Equity Early Stage Valuation 70

Both Sides of the Table

JUNE 19, 2017

How Much Capital You Have Raised / Your Runway In general I recommend that in early-stage startups you try to raise at least 15-18 months of runway. years of cash runway, which is too much for a startup. You start from the basics, which is if you raise $2.5

Burn Rate 212

Burn Rate Startup .Net Venture Capital 212

Both Sides of the Table

MAY 4, 2013

When I was new at Venture Capital I was trying to figure out the business. What stage? When you are raising a large, later-stage round given by this time you’ve likely got a fairly large business to run. Advice to VCs Startup Advice' What kind of deals should I be doing? What price?

Early Stage 361

Early Stage Deal Flow Investment Bankers Technical Review 361

Startup Professionals Musings

SEPTEMBER 1, 2014

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give.

Incubator 247

Incubator Silicon Valley Startup Small Business Administration 247

Both Sides of the Table

MAY 4, 2013

When I was new at Venture Capital I was trying to figure out the business. What stage? When you are raising a large, later-stage round given by this time you’ve likely got a fairly large business to run. It makes it extraordinarily hard to raise the next round of capital. What price?

Deal Flow 347

Deal Flow Early Stage Investment Bankers Technical Review 347

Both Sides of the Table

APRIL 2, 2010

This is part of my series on Understanding Venture Capital. In an early stage deal that fund might reserve 2x their initial investment or if it’s a larger round or later stage they might reserve 1x. You can ask around to startup lawyers and other entrepreneurs who know these things.

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

Both Sides of the Table

MAY 24, 2021

But markets have changed and I think investors, founders and experienced executives who want to join later-stage startups can all benefit from playing the long game. The CEO & founder, Ophir Tanz, has gone on to create his next big startup, Pearl , backed by David Sacks at Craft Ventures amongst others.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

Startup Professionals Musings

FEBRUARY 5, 2012

Different types of investors look for startups at different levels of maturity. If your startup is at the wrong stage for the investor you are approaching, fishing for money is a waste of time for both of you. You also will find that the stage your startup is in dictates where you go to seek funding. Growth stage.

Investment Bankers 241

Investment Bankers Venture Capital Startup Initial Public Offering 241

The Next Web

AUGUST 26, 2013

Today, in steps 10-12 I want to discuss with you raising your first round of money, hiring to develop and maintain your company culture, as well as defining your role in the management of your startup. Stefan Tirtey, Partner at Doughty Hanson Ventures , created this document with Berlin early stage investors.

Management 120

Management Cofounder Startup Bootstrapping 120

Growthink Blog

JANUARY 24, 2012

And such was the case when I read the latest statistics from the National Venture Capital Association (NVCA). The seemingly good news from the NVCA was that the amount of venture capital funding grew 22% from 2010 to 2011. However, when I dug deeper, I found some deeply disturbing news. Down forty-eight percent.

Angel Investor 98

Angel Investor Venture Capital Equity Later Stage 98

Both Sides of the Table

JUNE 27, 2021

Shots on Goal Being great as a startup technology investor of course requires a lot of things to come together: You need to have strong insights into where technology markets are heading and where value in the future will be created and sustained You need be perfect with your market timing. On Funding?—?Shots

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

Both Sides of the Table

FEBRUARY 18, 2017

Union Square Ventures (USV) has been one of the most successful venture capital firms of the past 10–15 years and continues to be a leader in our industry. Lindel is no stranger to thorny venture capital issues — he was arguably amongst the most successful LPs of his generation.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

Gust

DECEMBER 25, 2013

To start with, a pre-revenue mobile company cannot expect to raise anything from “the VCs” Venture capital funds invest in only one out of every 400 companies seeking funding, so the odds of your particular startup getting funded are astronomically against you. Good luck with your venture!

Revenue 136

Revenue Angel Investor Mobile Venture Capital 136