Version One Ventures

JULY 2, 2019

And last but not least, we announced our investment in Celo , an open-sourced crypto-powered global payment platform. valuation – the first Version One unicorn! Other funding announcements and exits! Outreach raised a $114m Series E round at a $1.1b We couldn’t be more proud of this team.

Portfolio 111

Portfolio Canada Asia Incubator 111

Haystack

JUNE 5, 2018

This presents a big change for Microsoft , who in a different era would’ve have looked so favorably toward open source — they will sunset internal repository Codeplex in an effort to bring Microsoft tooling to a new cadre of developers. And, the good folks at GitLab are probably drinking some premium coffee this morning.

Acquisition 71

Acquisition Azure Open Source Seattle 71

VC Cafe

MAY 16, 2023

AI Snapshots by Google Search Open Source vs. Closed LLMs Google and OpenAI are the two leading players in the LLM space. Open-source LLMs, such as Meta’s LLaMa, MosaicML , Vicuna -13B (an open-source alternative to GPT-4 which reportedly achieves 90% of ChatGPT’s quality) or RedPajama (which released a 1.2

Artificial Inteligence 178

Artificial Inteligence ChatGPT Generative AI Open Source 178

Cracking the Code

OCTOBER 1, 2020

Snyk was founded with the mission to help developers make their code secure, providing a platform to automatically assess and remediate open source vulnerabilities. The company’s success has been largely driven by its developer-led freemium model, going from Series A funding to a valuation of $2.6B in just 30 months.

Early Stage 62

Early Stage Open Source Development Team Review Security 62

David Teten

JANUARY 19, 2021

Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. has open-sourced their investment structure , now on version 3.0, A similar, open-source, highly visual tool focused on VC is Venture Dealr. Flexible VC: Compensation-based. Flexible VC: Blended Return.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Steve Blank

MARCH 31, 2014

Look at the valuations of companies like Tesla, Illumina, and Twitter. The companies that can show “startup-like” growth rates of 50% plus per year will get stratospheric market valuations. Other smart companies are learning how to use Open Innovation pioneered by Henry Chesbrough who teaches here at EDADE.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Start Up Blog

JULY 7, 2014

It’s an open-source kind of thing so there will be no Internet companies. While we are on the topic of economic change, it is telling to have a look at the market valuations of the top 10 internet companies. No business is ever going to do anything on it because businesses won’t work on an untrusted environment.

Valuation 96

Valuation Internet Stock New York 96

Genuine VC

JULY 19, 2010

Of course CapEx has been transformed into OpEx via changes in the tech infrastructure layer (open source, virtualization & cloud computing, offshoring, etc.). In the sector of internet-enabled services where a majority of the Micro VC investment has transpired, startups can fundamentally do more with less. That’s no secret.

Seed Stage 175

Seed Stage Technical Review Dilution Offshore 175

ReadWriteStart

MARCH 8, 2016

Despite a meager track record for generating outsized returns, investors keep piling money into open source start-ups. As reported by The Wall Street Journal, a minimum of 110 “open source startups” had raised more than $7 billion from venture capitalists as of 2015, up over 100% since 2013.

Software 60

Software Open Source Valuation Analytics 60

BeyondVC

JANUARY 5, 2022

Day one to scale: Huge congrats on milestone valuations realized for dev first security company Snyk ($8.6B) and fellow security startups BigID ($1.25B) and Security Scorecard (almost ), crypto infra startups Blockdaemon ($1.255B) and Fireblocks ($8B, investment via MStateLabs our enterprise blockchain lab), and YipitData (new ).

Stealth 78

Stealth Cofounder SQL Open Source 78

Both Sides of the Table

JUNE 28, 2011

The trend of funding anything from the first $25k to funding $50 million at a billion+ valuation is unlikely to last as the skills and style to be effective at all stages are diverse enough to warrant focus. Open-Source Software & Horizontal Computing. Open source became a movement – a mentality.

Venture Capital 334

Venture Capital Software PHP Open Source 334

Scalable Startup

AUGUST 26, 2014

As further market proof of the power of Drupal in the enterprise, Acquia has received about $100 million in funding in the past 3 months, which puts its valuation at over $1 billion. is the for-profit company founded by Dries Buytaert, the inventor of Drupal, to support his open source project. Because they are open source.

Founder 42

Founder Los Angeles PHP Open Source 42

Version One Ventures

MAY 1, 2017

One innovation we have seen in Blockchain has been the rise of app coins as a way to monetize protocols and open source projects. million at a valuation close to $300M in just a matter of minutes (the valuation has more than quadrupled since in secondary markets). And boy, has it taken off! Cosmos Network raised $16.8

Valuation 121

Valuation Cofounder Open Source Networking 121

Version One Ventures

OCTOBER 15, 2020

Built-in monetization: While chat apps have garnered some of the highest valuations in the world, no one has yet figured out how to fully monetize their potential while retaining user privacy. Some early open source projects include Whatsatt and Juggernaut. I’ve seen a number of exciting experiments in this space so far.

Networking 168

Networking Global OTC Security 168

The Equity Kicker

MAY 22, 2012

As most of you will know, the enablers are cloud computing and open source software. Instagram had similar efficiencies , and we will see more and more startups aspire to and beat these benchmarks and try to emulate Instagram’s $1bn exit or Pinterest’s $1.5bn valuation.

EC2 138

EC2 Database Open Source Valuation 138

Startup Lessons Learned

SEPTEMBER 22, 2008

The law of large numbers (of customers) says you cant help but make at least some money - your valuation is determined by how well you monetize the tidal wave of growth. The spread between your LTV and blended CPA determines either your profitability or your rate of growth, and a high valuation depends on balancing these two factors.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

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. Underwriters realized that as long as the public was happy snapping up shares, they could make huge profits from the inflated valuations. Carpe Diem.

Internet 334

Internet IPO Silicon Valley Agile 334

ReadWriteStart

DECEMBER 31, 2013

Snapchat may be a company with no revenue and an unrealistic valuation, but it is changing the way people think of messaging. Ouya is an open source Android-based gaming platform that is looking to compete with PlayStation and Xbox. Evolution and innovation continue in 2013, unabated and unafraid.

Startup 60

Startup Cofounder San Francisco Software Review 60

Jason Ball

JANUARY 16, 2008

I posted last year’s figures from Icon Corporate Finance, showing how exit valuations were 1.5x -2x sales. I use figures like that as 3rd party data when discussing valuations. Many companies I’ve met with over the past 12 months have really pumped up their valuations.

Valuation 28

Valuation Private Equity Open Source Equity 28

Feld Thoughts

OCTOBER 12, 2011

Convertible Debt – Valuation Caps. If you want to see an actual convertible debt term sheet or the actual legal documents, take a look at the TechStars Open Sourced Model Seed Financing Documents. The series is now complete – here are the links to the posts in order. Convertible Debt Series. Convertible Debt – Other Terms.

Term Sheet 138

Term Sheet Warrant Open Source Valuation 138

Startup Company Lawyer

MARCH 14, 2010

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Y Combinator Series AA Equity Financing Documents (by WSGR). under $500K).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

K9 Ventures

MARCH 23, 2011

Since the financing would likely happen in short order, there was no need to have a valuation cap in the note. The founders’ interest is to maximize the valuation of the company at the time of a follow-on financing, thereby minimizing founder dilution. What percent of the company should the note holder get on conversion?

Pre-Money Valuation 132

Pre-Money Valuation Valuation Equity Liquidation Preference 132

VC Cafe

SEPTEMBER 22, 2022

But becoming a Unicorn, or receiving a billion dollar valuation is no longer an indication of growth. “The Centaur is a business that reaches $100 million of annual recurring revenue (ARR)—a rare breed of cloud business, part of an elite subset of the growing unicorn herd.” ” Bessemer.

Software Review 109

Software Review B2C Open Source 109

www.seriesseed.com

DECEMBER 9, 2012

First off, I think this is a great idea and a great service to both entrepreneurs and investors to effectively "open source" a robust set of very basic preferred financing docs. In my experience, it is highly unlikely that this term will come into play in a Series Seed since the valuation is presumably very low.

Term Sheet 40

Term Sheet Ratchet Dilution Equity 40

mashable.com

OCTOBER 16, 2010

The competition for funding startups is increasing the valuations of startups, giving entrepreneurs and founders better investment terms. The result is that many venture capital firms are now making smaller angel investments in an attempt to get close with startup founders that are likely to raise bigger funding rounds later on.

Angel Investor 84

Angel Investor Venture Capital Social Media Technical Review 84

mashable.com

OCTOBER 16, 2010

The competition for funding startups is increasing the valuations of startups, giving entrepreneurs and founders better investment terms. The result is that many venture capital firms are now making smaller angel investments in an attempt to get close with startup founders that are likely to raise bigger funding rounds later on.

Angel Investor 83

Angel Investor Venture Capital Social Media Technical Review 83

David Teten

DECEMBER 3, 2019

The reports showcase raw data, analytics, visualizations, and benchmarking statistics on the company from dozens of sources, including team, intellectual property, technology, product, financial, banking, marketing, customer, risk, valuation, and investment information.”. If you have one, please contact me. 7) Negotiate .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

VC Cafe

JANUARY 29, 2024

That’s the case for most companies that are already in the market, especially if they raised funding at imaginary valuations before. Dealroom global tech report ( source ) As a result, 2023 has also seen a 43% decline in mega rounds of over $100M, though they still exist. In many ways, Edward is right.

Generative AI 171

Generative AI Global Venture Capital Valuation 171

SoCal CTO

OCTOBER 5, 2010

Why Your Startup Should Be Involved in Open Source - ReadWriteStart , September 15, 2010 Oftentimes, when you hear the arguments for "Why open source?", ", they are aimed at convincing companies to use open source software. Building a Better Product.

Technology 191

Technology Product San Francisco CTO Hire 191

Diego Basch

JULY 1, 2014

One manager talked about how they were a bit bummed because Yahoo had just surpassed their market valuation. Nobody seemed excited about open-sourcing the code, the original people were leaving, the coder gurus projected strange attitudes to a lowly candidate. During lunch came another red flag. I didn’t want to work there.

Silicon Valley 73

Silicon Valley Coder Vesting Open Source 73

www.quora.com

JANUARY 16, 2011

I did a short video at BothSidesoftheTable th at talks about the key terms in the term sheet you need to know about AND how VCs calculate valuation differently than entrepreneurs and what to look out for. Ycombinator open source term sheet is a good start for Seed deals. You can find there here: [link] softhetable.c.

Term Sheet 41

Term Sheet Startup Angel Investor Wiki 41

Start Up Blog

APRIL 28, 2011

Probably as a function of the gold standard (global price of gold as the trading valuation mechanism) with some form of digital instant and unseen conversion from our home currency into some quantum derived from gold. They have a willingness to ‘open source’. So the alternative of a global currency will emerge.

Moldova 91

Moldova Internet Australia Libya 91

Ben's Blog

MARCH 24, 2011

As we do so, keep in mind that the relevant bubble statistic is not valuation. High valuations are fine if the underlying value is there. In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. If too much venture capital hits the streets, valuations will bubble up.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

www.seriesseed.com

DECEMBER 9, 2012

Sets the valuation at the time of the investment. Buoyed by what you and a few others have contributed, I was inspired to set about getting the entrepreneurial community to join together and create an “open source” resource more widely speaking. I'm interested to know why you didn't choose a convertible note structure.

Finance 40

Finance Term Sheet Vesting LLC 40

BeyondVC

JUNE 2, 2009

  Secondly having too large a pool forces VCs to invest much larger amounts of capital into companies pushing up valuations and also exit hurdles for success.    With the new operating model of capital efficiency, a little amount of money can go a long way and help VCs generate excellent returns at much lower valuations. 

IPO 68

IPO Valuation Open Source Sales 68

www.forentrepreneurs.com

FEBRUARY 2, 2010

Next Generation Business Models Because a number of smart entrepreneurs realized the importance of lowering CAC, they created new business models such as Open Source, SaaS, Freemium, etc. Owning the customer base is an important way to control your own destiny, and will also earn your company a higher valuation.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

crowdSPRING Blog

JUNE 5, 2015

How Ever-Higher Valuations Lead Unicorns Into A Cycle Of Private Capital Dependency – buff.ly/1AIGTjE. Buckle Up: Google’s Self-Driving Cars to Hit the Open Road crowdspring.co/1JPf4pp. How Open-Source Software Will Speed Up Rebuilding Nepal’s Historic Sites crowdspring.co/1KSJWFW. 1Glme7q.

Small Business 48

Small Business Design Social Media Nepal 48