Austin Startup

DECEMBER 17, 2020

I also couldn’t be happier that friends from Silicon Valley like Joe Lonsdale, Drew Houston, and Elon Musk have also moved here. While obviously bullish on Austin, Breyer Capital remains excited to invest in and support current and future Silicon Valley portfolio companies.

Austin 84

Austin Silicon Valley Technical Review Texas 84

Startup Professionals Musings

JUNE 26, 2020

You may have heard that venture capitalists in Silicon Valley no longer read business plans. If your goal is a large national corporation with more than 100 investors, and multiple classes of stock, you might prefer a C-Corp or S-Corp. For the rest of us, we need a business plan, as well as a product plan.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Steve Blank

OCTOBER 23, 2023

Advisory Board members are often paid in a balance of equity (stock options) and cash (“cash” is the industry term for money wired to your bank account). If you join a big company, assuming it’s public, you’ll get stock which immediately can translate into financial gains assuming the company performs well.

Government 212

Government Advisory Board Salary Sales Cycle 212

Hunter Walker

JANUARY 10, 2018

We don’t really talk about money in Silicon Valley. We *speculate* about people and wealth a s**t-ton – based upon a company’s last fundraise, based upon current stock price, based on the market price of BTC – but we don’t really talk our own situations, challenges, learnings.

Silicon Valley 195

Silicon Valley San Francisco Vesting .Net 195

VC Cafe

FEBRUARY 27, 2023

Taking stock of the venture capital market in 2023, it’s clear to see that we’re in a transition point. The result is mass layoffs (over 119,000 in the US since the beginning of 2023 and it’s only Feb), down rounds (even for Silicon Valley darlings like Stripe) and fund terms that go above the 2/20 standard.

Venture Capital 215

Venture Capital Technical Review LP Institutional Investors 215

Steve Blank

OCTOBER 24, 2017

To turn your company’s stock into cash, you engaged a top-notch investment bank (Morgan Stanley, Goldman Sachs) and/or their Silicon Valley compatriots (Hambrecht & Quist, Montgomery Securities, Robertson Stephens). The founders along with all the other employees would vest their stock over 4 years (earning 1/48 a month).

Founder 245

Founder Technical Review CTO Hire IPO 245

YoungUpstarts

AUGUST 18, 2020

As a company grows, corporate leaders must become fixated on the stock price, internal politics and compliance. Since I had that conversation, their stock value has depreciated by 99%. The/Studio is a Silicon Valley venture backed startup that is focused on democratizing manufacturing and supply chain for SMBs.

Fractional CTO 147

Fractional CTO CTO Hire China Silicon Valley 147

ReadWriteStart

OCTOBER 22, 2019

And because of this, the demand for Silicon Valley caliber talent is growing exponentially. But if your company is located someplace like Silicon Valley, Seattle, Boston, or New York, you’re entering the race with a handicap. A shortage of engineers is the biggest challenge facing Silicon Valley startups today.

Distribution 117

Distribution San Francisco Silicon Valley El Salvador 117

YoungUpstarts

MAY 2, 2018

You will also learn about practical issues related to growing a business such as the need to grow stock inventory, gain extra storage and recruit and retain high quality staff. Silicon Valley. How I Made My Millions.

Entrepreneur 176

Entrepreneur Silicon Valley New York City Incubator 176

Startup Professionals Musings

JULY 9, 2014

Founders stock, and stock options, will be worth nothing for the first several years, if not forever. So here is a rational hedge strategy I recommend, and see playing out every day in Silicon Valley and other startup hubs. Who gets stock options, and how many? How much money has been invested so far?

Technical Review 250

Technical Review Stock Options Due Diligence Silicon Valley 250

Steve Blank

SEPTEMBER 16, 2010

At one of our initial board meetings we had agreed on the general principle of an advisory board and put together an overall stock budget to compensate advisors. Over the next week we exchanged emails over advisory board stock. I could get him the stock he asked for approved at my board meeting and then reply.

Advisory Board 260

Advisory Board Part-Time VPE CTO Hire Stock 260

Austin Startup

JULY 15, 2019

You’ll interact with every VC in Texas and those from Silicon Valley who are investing in Texas and every startup CEO who gets funded. We invest in startups that get funded by all of the top venture capitalists in Texas and Silicon Valley. You’ll know the inside details about almost every deal that goes down.

Texas 56

Texas Technical Review Silicon Valley Venture Capital 56

Startup Professionals Musings

JUNE 6, 2022

Investing in entrepreneurs and startups is a fun but different world from investing in conventional stocks, bonds, and commodities. Just like a seasoned stock investor would never put all his investible resources into a single stock, don’t put all your money into startups. Do your homework before investing.

Liquidity Event 300

Liquidity Event Angel Investor SEC Accredited Investor 300

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. Private markets for stocks are the opposite. I acknowledged this in the article.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

philipsmith.typepad.com

SEPTEMBER 24, 2011

Silicon Valley Frontlines. Don't be paying yourself or others a decent salary and then expect someone else just to work for stock. In-the-Trenches Consulting to Startup and Emerging-Growth Companies. « Presentation Secrets of Steve Jobs! Why Do Otherwise Sensible Companies Not Have CFOs? » January 23, 2010.

Silicon Valley 40

Silicon Valley Equity Technical Review Recapitalization 40

Both Sides of the Table

OCTOBER 30, 2014

It’s true the some VCs have started writing so many checks that they resemble stock pickers but the majority of us still have less than 10 board seats at any time and tend to go pretty deep so the result is that we care deeply about where we commit our time.

Technical Review 418

Technical Review Software Review Due Diligence CTO Hire 418

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. Your firm worked with an investment banking firm that underwrote and offered stock (typically on the NASDAQ exchange) to the public.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

ReadWriteStart

OCTOBER 10, 2012

A stock market crash is a breath away from draining the cash hoards of popular venture capitalists, the Securities Exchange Commission could easily change its rules to cripple the startup ecosystem and we are one serious privacy breach away from Congress enacting Draconian laws that could cripple a world they know nothing about.

Silicon Valley 144

Silicon Valley San Francisco Securities and Exchange Commission New York City 144

Startup Lessons Learned

OCTOBER 24, 2017

WSJ ) (nice piece about our efforts with The Long Term Stock Exchange) One final reminder! Each copy of the first printing of the hardcover edition of The Startup Way in the US and Canada contains a unique code that grants you access to bonus features at thestartupway.com/bonus.

San Francisco 107

San Francisco Los Angeles Software Review Silicon Valley 107

Startup Professionals Musings

FEBRUARY 7, 2020

Adopt the Silicon Valley entrepreneur family model. When I lived in Silicon Valley where “everyone” was an entrepreneur, I noticed that smart couples followed the strategy that both partners would never be in startups at the same time. Founders stock and stock options are worth nothing for the first few years.

Silicon Valley 315

Silicon Valley Entrepreneur Stock Options Flash 315

Startup Lessons Learned

JUNE 19, 2019

Meanwhile, we recently talked with him about his thoughts on 35 years in Silicon Valley, why the skill sets of venture capitalists and CEOs are so different, and why telling a good story about your product is so crucial. You’ve been in Silicon Valley since the early days. I’m sure you have unique perspective on that.

Silicon Valley 159

Silicon Valley Lean Venture Capital Pre-Money Valuation 159

Steve Blank

SEPTEMBER 5, 2018

Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. Almost overnight the floodgates opened, and risk capital was available at scale from venture capital investors who rushed their startups toward public offerings.

Lean 335

Lean Burn Rate Startup IPO 335

The Next Web

SEPTEMBER 6, 2013

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. Silicon Valley has long been the barometer for engineering and product talent, but that same caliber of skill that startups need is also available across Asia. Make the benefits of startups and stock options very clear.

Silicon Valley 121

Silicon Valley Asia Engineer Stock Options 121

Steve Blank

OCTOBER 19, 2009

Our company’s stock was an inducement, but all of them were in it to help us build a better computer. Back in the 1960’s and 70’s no sane MBA’s would work for a Silicon Valley startup.) Steve Blanks 30 years of Silicon Valley startup advice. Reply Leave a Reply Click here to cancel reply. Order Here. Now In Print!

Engineer 198

Engineer Silicon Valley Part-Time VPE Advisory Board 198

Startup Professionals Musings

OCTOBER 18, 2015

Founders stock, and stock options, will be worth nothing for the first several years, if not forever. So here is a rational hedge strategy I recommend, and see playing out every day in Silicon Valley and other startup hubs. Who gets stock options, and how many? How much money has been invested so far?

Technical Review 120

Technical Review Entrepreneur Stock Options Due Diligence 120

The Startup Magazine

FEBRUARY 11, 2022

Investors are counting on him to recreate that success in his next venture (which he is said to be eyeing in Silicon Valley), and they wouldn’t be wrong to expect great things—Quiroga’s record of success is uncanny. Sources say he is eyeing Silicon Valley, which has investors feeling confident.

South America 134

South America Chile Silicon Valley Argentina 134

Both Sides of the Table

JANUARY 21, 2010

Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price? They usually ask for warrants (basically like a stock option) in exchange for taking a deferred fee. Right sized : I tried to work with one of the best known firms in Silicon Valley.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Steve Blank

APRIL 23, 2018

At the time he was not only running GM but was a major Wall Street speculator (even on GM stock) and was big in the New York social scene. Meanwhile, inventory was piling up, the stock was cratering, and the company was running out of cash. But the spirit of Billy Durant would rise again in what would become Silicon Valley.

Michigan 268

Michigan Cofounder Stock Forecast 268

Steve Blank

APRIL 6, 2009

Two years out of the Air Force, serendipity (which would be my lifelong form of career planning) found me in Silicon Valley working for my first company: ESL. But part of his life that that doesn’t even merit a Wikipedia entry is that Bill Perry used Silicon Valley to help end the cold war.

Silicon Valley 171

Silicon Valley Stealth RSS California 171

Both Sides of the Table

JULY 16, 2010

But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks. What accelerated this was the collapse of the public stock markets. The best and most consistent funds in Silicon Valley (e.g.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Steve Blank

OCTOBER 26, 2009

This is the first of two posts about the rise of “risk capital” and how it came to be associated with what became Silicon Valley. ———————– Building Blocks of Entrepreneurship By the mid 1950’s the groundwork for a culture and environment of entrepreneurship were taking shape on the east and west coasts of the United States.

Silicon Valley 159

Silicon Valley Securities and Exchange Commission Venture Capital RSS 159

Startup Professionals Musings

JULY 16, 2023

Typically, their service is to help you invest in stocks, bonds, or mutual funds, much like independent financial advisors. Most retail and commercial banks offer investment services to their customers, but these services have nothing to do with investing in your business.

Early Stage 182

Early Stage Silicon Valley Private Equity Initial Public Offering 182

Steve Blank

MARCH 19, 2009

The company was the laughing stock of the Mac market. Steve Blanks 30 years of Silicon Valley startup advice. They sold to a set of customers I knew nothing about. Yet somehow they thought that my prior experience in high-end computer graphics might be relevant. Why I was interested was equally obscure. Order Here. Now In Print!

Silicon Valley 146

Silicon Valley Software Review Technical Review RSS 146

ReadWriteStart

OCTOBER 10, 2012

A stock market crash is a breath away from draining the cash hoards of popular venture capitalists, the Securities Exchange Commission could easily change its rules to cripple the startup ecosystem and we are one serious privacy breach away from Congress enacting Draconian laws that could cripple a world they know nothing about.

Silicon Valley 97

Silicon Valley San Francisco Securities and Exchange Commission New York City 97

VC Cafe

NOVEMBER 17, 2022

Wired called a new Silicon Valley Gold Rush. Shutterstock is using Dall-e 2 and Getty partnered with Bria to help users generate stock photography from text prompts. The Artificial Creativity Landscape by Anne Marie LeCunf tracks new companies building in the generative AI space and currently lists about 180 projects.

Generative AI 117

Generative AI API Open Source Artificial Inteligence 117

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

Startup Professionals Musings

OCTOBER 26, 2020

Typically, their service is to help you invest in stocks, bonds, or mutual funds, much like independent financial advisors. Most retail and commercial banks offer investment services to their customers, but these services have nothing to do with investing in your business.

Silicon Valley 362

Silicon Valley Private Equity Initial Public Offering Term Sheet 362