What if it’s 1996, not 1999?

Seeing Both Sides

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 If investors observing this extraordinary phenomenon in 1996 were to have concluded that the technology market was in the midst of an unsustainable bubble, they would not have been wrong. But what if it’s actually more akin to 1996? 2011 is the first year where it feels like a real boom – much like 1996.

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The Olympics for every industry

deal architect

The country won just one Gold medal at the Atlanta Olympics in 1996. Britain is a remarkable Olympics turnaround story. Embarrassed and focused, it has gradually improved every four years and in London it is running 3rd behind China and. Industry Commentary

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The Average Startup Overnight Success Takes Six Years

Startup Professionals Musings

In April, 1996, Yahoo! Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet. Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

Sense Corp. Moves Headquarters to Austin From St. Louis

SiliconHills

The company, founded in 1996, already had an office in Austin. A consulting company focused on data and artificial intelligence, Sense Corp., is moving its corporate headquarters from St. Louis to Austin. It also has operations in Dallas, Houston, Columbus, and Minneapolis. While a large portion of our business has always come from Texas, we […]. The post Sense Corp. Moves Headquarters to Austin From St. Louis appeared first on SiliconHills. Austin

Zoho’s CEO Discusses its Unique Culture and Plans for its Austin Campus on the Ideas to Invoices Podcast

SiliconHills

In 1996, Sridhar Vembu founded Zoho in Silicon Valley. Today, the bootstrapped startup is still in its teenage years even as it finds its stride with the increasing popularity of its suite of software apps aimed at running everything from a small business to a Fortune 500 company. The privately-held company does not disclose its […]. The post Zoho’s CEO Discusses its Unique Culture and Plans for its Austin Campus on the Ideas to Invoices Podcast appeared first on SiliconHills.

Austin-based SpareFoot Acquires SiteLink

SiliconHills

SpareFoot, the Austin-based online self-storage marketplace, announced Thursday plans to acquire SiteLink, a software maker for the self-storage industry, founded in 1996 and based in Raliegh, North Carolina. As part of the deal, Cove Hill Partners, a private equity firm in Boston, will acquire a majority stake in the combined company. The financial terms of […]. The post Austin-based SpareFoot Acquires SiteLink appeared first on SiliconHills. Austin

Baby Boomers May Be Your Biggest Startup Competitors

Startup Professionals Musings

These could convince you that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The percent of entrepreneurs who are Baby Boomer starting a business since 1996 has grown from 14.3 Contrary to what you might guess, the highest rate of entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs.

Can You Beat Amazon In The Race To Overnight Success?

Startup Professionals Musings

In April, 1996, Yahoo! Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet. Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

How Long Should It Take For a Startup to Succeed?

Startup Professionals Musings

In April, 1996, Yahoo! Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet. Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

Your Next Startup Will Likely Be Run By a Boomer

Startup Professionals Musings

These indicate that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The number of Baby Boomers starting a business from 1996 to 2011 rose nearly 7 percent, while the start-up rate by those aged 20 to 44 fell about 5 percent. In every single year from 1996 to 2010, Boomers between the ages of 55 and 64 had a higher rate of entrepreneurial activity than Gen-Y, aged 20–34.

8 New Ways To Focus On Customers For Trust And Profit

Startup Professionals Musings

Of course, part of the change is that Gen Z (born after 1996) now outnumbers the Millennials (born after 1981). As an advisor to entrepreneurs, I find that I often have to remind them that the world of customers has changed since they started their last business. Customer expectations of a relationship and personalization are stretching every business today, and pervasive use and confidence in social media by customers can override all your image building and marketing messages.

Every Entrepreneur Dreams of an Overnight Success

Startup Professionals Musings

In April, 1996, Yahoo! Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet. Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

The Best Time To Invest In Something Is …

Feld Thoughts

” Fred is one of my closest friends in the VC business and someone I’ve learned an amazing amount from him since first meeting him in 1996 when he was just starting to work with one of my male soulmates Jerry Colonna. At 18 minutes into this awesome talk that Fred Wilson did at MIT a few weeks ago , he finishes the statement “ The best time to invest in something is.” ” “ … when nobody wants to invest in it but you.”

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Two Business Tools That Boost Your Marketing Efforts 

YoungUpstarts

Content is King” is what Bill Gates famously said in an essay from 1996. In our time, there is a constant focus on being as efficient as possible, when it comes to doing business. All departments are being streamlined down and designed to be the most productive levels of themselves. We have over 1,000+ different productivity tools that can optimize every task from HR to the marketing department.

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Guess How Long Overnight Success Really Takes

Startup Professionals Musings

In April, 1996, Yahoo! Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet. Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

I Choose Austin

Austin Startup

He founded his first startup in 1996 in his college dormitory and now teaches a class at the University of Texas for student entrepreneurs. Joshua Baer helps people quit their jobs and become entrepreneurs. He's currently the CEO of OtherInbox and Director of Capital Factory. Joshua has helped start a dozen companies, sold four of them, invested in more than fifty of them, and is a mentor to many others.

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What You Need To Know Before You Hire Your Next Remote Team Member

YoungUpstarts

She began her work-at-home career in 1996 with the launch of her first website: Home-Based Working Moms. by Lesley Pyle, MSc., founder of HireMyMom.com . Both large and small businesses share a need for quality team members.

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Franchise Business: An Option For Millennial Entrepreneurs

YoungUpstarts

Believe it or not, millennials—defined as anyone born between 1981 and 1996, or ages 24–39 — have launched twice as many companies as baby boomers, according to a report by BNP Paribas Global. If you don’t think there’s a millennial behind your favorite business or franchise, think again. Millennials are increasingly becoming sought-after and successful entrepreneurs. That follows the data.

Rory Brown Sheds Light on the Integration of Virtual Banking and Healthcare Technology

The Startup Magazine

HIPAA, otherwise known as the Health Insurance Portability and Accountability Act of 1996, lists compliance regulations for those in the healthcare sector. When it comes to the healthcare payment system transactions, there is usually a headache involved.

Remote Hiring For Success

YoungUpstarts

She began her work-at-home career in 1996 with the launch of her first website: Home-Based Working Moms. by Lesley Pyle, MSc., founder of HireMyMom.com . Without the luxury of a Human Resources department, many small business owners find themselves navigating the laborious task of hiring the right team members themselves. It seems easy enough: Place a job post, interview those with the best cover letters and resumes and make an offer to the top candidate. .

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Encore Entrepreneur Is The New Baby Boomer Lifestyle

Startup Professionals Musings

These could convince you that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The percent of entrepreneurs who are Baby Boomer starting a business since 1996 has grown from 14.3 Contrary to what you might guess, the highest rate of entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs.

Tips for Marketing Your Restaurant to Different Generations

Women Entrepreneurs Can

The most recently named generation, Gen Z, are those born from 1996 to 2015. As a restaurant, you want your customers to walk through your door once only to want to keep coming back.

The Magic of Dealing With Your Demons

Feld Thoughts

I’ve known and worked with Jerry since 1996. Jessi Hempel from Backchannel just wrote an amazing profile piece on my close friend Jerry Colonna. It’s titled This Man Makes Founders Cry. Medium estimates that it’s an 18 minute read and I assert that it’s worth every minute. I now get to call him my neighbor as he moved from New York to Boulder a few years ago. If you want a taste of our relationship, I’ve written a lot about him over the years.

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Baby Boomers Are Surpassing Gen-Y As Entrepreneurs

Startup Professionals Musings

These indicate that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The percent of entrepreneurs who are Baby Boomer starting a business since 1996 has grown from 14.3 Contrary to what most of you might guess, the highest rate of entrepreneurial activity over the last few years is not Gen-Y young upstarts, but Baby Boomers in the 55-64 year age group.

What’s Old Is New Again

Feld Thoughts

Between 1994 and 1996 I made 40 angel investments with the money I made from the sale of my first company. I know I’m getting old. I remember in 2007 when the idea of a super angel appeared, where successful entrepreneurs were suddenly angel investors making 10 or more seed investments a year. This was a “new” innovation that was celebrated with much fanfare.

CU Boulder’s New Venture Challenge 10th Anniversary

Feld Thoughts

I was involved in the early years (1992 – 1996) as a judge and funded a number of companies that went through the MIT $100K (which was called the MIT $10K at the time.) Tonight, the New Venture Challenge at CU Boulder is having its 10th anniversary. It’s happening at the Boulder Theater from 5:30 pm – 7:30 pm and is open to the public. Register here to attend if you are interested.

The rise of the “successful” unsustainable company

A Smart Bear: Startups and Marketing for Geeks

Freeloader — On $3m invested, sold for $38m in 1996 — shut down in 1997. It’s appalling what passes for “successful entrepreneurship” in the press or the Valley, but it’s not their fault. Witness, for example, this terrific Fast Company article on Bill Nguyen , serial entrepreneur who’s seventh startup “Color” famously raised $41m for a new mobile app before it even launched. The launch, by the way, was a failure.

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Prevailing Wisdom

Mucker Lab

1996 – “It’s impossible to get to build a billion dollar company selling widgets at $15 and taking $1 commission one at a time”. 1994 – “Consumers are fickle and unpredictable. Consumer products and services are hit driven, it’s really hard to build a scalable consumer company”. Internet). eBay). 1998 – “There is no room for personal productivity software startups – Microsoft will eat your lunch when you get big enough and Symantec will take the crumbs”. Evernote, Dropbox).

Overnight Startup Successes Usually Take Years

Startup Professionals Musings

In April, 1996, Yahoo! Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet. Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

Boy! If I had only learned this before spending a million!

Berkonomics

Fast forward just a few years to 1996. Back to 1996. Know your market and competition, or don’t spend a dime on anything else. I love absolutes – statements with no wiggle room for gray-area responses. Well, here is one of those, and it deals with market research first and foremost. Close. Let me tell you a short story at my own expense.

My Awesome Experience With Retrofit

Feld Thoughts

The founder Jeff Hyman is a long time friend (I was a seed investor in his first company in 1996) and is incredibly passionate about Retrofit and what he and his team is doing. When I started Retrofit last fall, I weighed 216. I’ve struggled for a decade to get below 210 – it would happen sometimes but I’d quickly end back up in the 210 – 220 range. I ran marathons so this was frustrating – I am a pescatarian and eat healthy, just too much.

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Disneyland & Fingerprints

Austin Startup

All the way back in 1996, Disney added a magnetic stripe to their park pass. On the other hand, they started collecting fingerprints back in 1996 and the system is still in use today and is widely accepted. It may surprise many people but the Walt Disney Corporation is an enthusiastic and early adopter of biometric technology. Instead of the bar-coded laminate photo IDs traditionally used, the new pass had no photo and minimal printed information.

My First Experience As A Venture Capitalist

Feld Thoughts

We never invested in anything together, but after I moved to Boulder, I got a call from Charley one day in early 1996. And it’s been very interesting since that point back in 1996. I often get asked how I ended up becoming a venture capitalist. When people ask me how they can become a VC, I point them to my partner Seth Levine’s excellent blog posts How to become a venture capitalist and How to get a job in venture capital (revisited).

10 Reasons For Joining The New Startup Wave Now

Startup Professionals Musings

The number of entrepreneurs who are Baby Boomer starting a business has grown from 14 percent in 1996 to over 30 percent last year. Since the recession, and at least partially sparked by it, I’m seeing a real resurgence of entrepreneurial spirit, and more startup activity than ever before.

How Do VCs Choose Their Investors (and should entrepreneurs care?)

Both Sides of the Table

Our first LPs from 1996 were industry players who put us in business: Carrefour (the large European retailer), DLJ (the former investment bank) and a billionaire software exec. I recently read a blog post by Beezer Clarkson, Managing Director of Sapphire Ventures about why entrepreneurs should care about from whom their VC funds raise their capital. I spent a bunch of time thinking about this position — especially since Beezer is an investor in Upfront Ventures.

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They Can’t Kill You And They Can’t Eat You

Feld Thoughts

Len and I co-founded Interliant (originally Sage Networks) with Steve Maggs and Rajat Bhargava in 1996. His last company – the one he built with Jerry Poch that had acquired my first company – was bought in 1996 by GE Capital for $500 million. It’s the summer of 2001. The NASDAQ peak is in the rear view mirror. Many Internet companies are struggling.

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Prevailing Wisdom

Mucker Lab

1996 – “It’s impossible to get to build a billion dollar company selling widgets at $15 and taking $1 commission one at a time”. 1994 – “Consumers are fickle and unpredictable. Consumer products and services are hit driven, it’s really hard to build a scalable consumer company”. Internet). eBay). 1998 – “There is no room for personal productivity software startups – Microsoft will eat your lunch when you get big enough and Symantec will take the crumbs”. Evernote, Dropbox).

Do You Have A Mission That Matters? 3 Key Tips For Creating Truly Inspiring Business Mission And Vision Statements

YoungUpstarts

He founded eCommerce giant MarketLive in 1996, which he sold to Vista Equity Partners in 2016, and authored the online sales playbook, “ Intelligent Selling: The Art & Science of Selling Online ” ,as well as hundreds of industry articles. by Ken Burke, author of “ Intelligent Selling: The Art & Science of Selling Online “ Your vision and mission statements are the heartbeat of your entire business. Your business was likely born out of an audacious dream.

Why Internal Ventures are Different from External Startups

Steve Blank

But Xerox instead chose to shut XTV down in 1996, despite its external success. Henry Chesbrough is known as the father of Open Innovation and wrote the book that defined the practice. Henry is the Faculty Director of the Garwood Center for Corporate Innovation , at U.C. Berkeley in the Haas Business School. Henry and I teach a corporate innovation class together. —— Thanks to Steve for the opportunity to share my thoughts with you all.

How To Engage Millennials Into Small Business

YoungUpstarts

The Millennials, the generation with years of birth ranging from 1980 to 1996, is a large and diverse group – so vague generalizations would hardly be correct. However, at the workplace and the labor market, they are not like other generations. What’s so special about them? The controversy of the Millennials: they want to work hard and make the world a better place, but show low engagement at work. They want to be emotionally and behaviorally engaged in what they do, but are job hopping.

When A Startup Chooses IPO Most Founders Are Out

Startup Professionals Musings

IPOs in 2008, the market was up to a still trivial 128 in 2012 (compared to 675 in 1996). Many entrepreneurs still dream of “going public,” making billions of dollars, and playing with the big boys. They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control. Consider the recent example of Facebook and Mark Zuckerberg.

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A New Era For Entrepreneurs And Startups Has Begun

Startup Professionals Musings

The percent of entrepreneurs who are Baby Boomer starting a business since 1996 has grown from 14.3 Since the recent recession, and at least partially sparked by it, I’m seeing a real resurgence of entrepreneurial spirit, and more startup activity than ever before. I believe the days of the “job work” mentality are thankfully waning, with more people looking to get satisfaction by making the world a better place, rather than just tolerating brain-numbing work to fund enjoyment elsewhere.

Your Computer May Already be Hacked – NSA Inside?

Steve Blank

Starting in 1996 with the Intel P6 (Pentium Pro) to today’s P7 chips (Core i7) these processors contain instructions that are reprogrammable in what is called microcode. In a time of universal deceit – telling the truth is a revolutionary act. George Orwell. In Russia, President Putin’s office just stopped using PC’s and switched to typewriters. What do they know what we don’t? Perhaps it’s Intel NSA inside.