Agile VC

APRIL 17, 2011

Kayak Software Corporation. 3) ITA Relationship: Much has been made of the fact that Kayak along with OTAs (online travel agents) license data from ITA Software which is now part of Google. Post-money valuation probably no higher than $12M (2). Pre-money valuation was approx. Pre-money valuation was approx.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Agile VC

SEPTEMBER 15, 2011

In the software an internet space a number of companies obviously had strong public offerings (LinkedIn, Yandex, Pandora, RenRen, et al). The very strongest companies can still likely get out if they really wanted, but may not command the valuations they hoped for in more bullish times. Startup IPO Market: A Fickle Mistress.

IPO 100

IPO Marketing Silicon Valley Technical Review 100

Agile VC

OCTOBER 1, 2013

I believe we’re going to look back in 2-5 years and realize that we’ve been in a once a decade boom for internet & software startups. Software revenue trails hardware slightly and ad revenue always takes a couple years to shift, but even here the results are astounding. It doesn’t feel much like a boom actually.

IPO 147

IPO Cloud Valuation Mobile 147

Agile VC

MAY 21, 2012

Oracle and IBM have made some acquisitions of SaaS businesses though many of their deals are more old school enterprise software businesses that have matured. So no matter how you look at it, the universe of buyers has been fairly small and the really active buyers come down to just 4-5 companies.

Acquisition 162

Acquisition Silicon Valley B2B Seed Stage 162

Agile VC

AUGUST 9, 2012

But at some point the valuation of the company puts it squarely into “value” stock territory rather than the heady “momentum” stock multiples Zynga once enjoyed, not that long ago. The “value” case goes like this: A) Valuation Net of Cash – Zynga’s market cap sits at around $2.2-2.3B

Stock 160

Stock LBO .Net Valuation 160

Agile VC

JANUARY 27, 2012

Something has clearly changed within the last 5-6 years in terms of the speed with which monster startups are created in the software and internet space. Multi-billion dollar valuations for late stage startups like Dropbox, et al. Are Google-Scale Outcomes More Frequent? January 27, 2012. I’m not so sure that’s the case.

Hockey Stick 113

Hockey Stick Seed Stage Silicon Valley Syndicate 113

Agile VC

NOVEMBER 6, 2013

Again there’s three fundamental ways to make money in consumer-facing internet businesses: you can sell people stuff in a physical realm (e-commerce), you can indirectly monetize consumer attention (media or ad-based), or you can provide online software & services that consumers pay for (premium services).

IPO 194

IPO Aggregator B2B Internet 194