Ben's Blog
JULY 16, 2013
3/31/1998: 30.8. If we took too much dilution, we will work with our new investor to make sure that every employee is still highly financially motivated. If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/29/1996: 22.3.
Feld Thoughts
FEBRUARY 28, 2023
However, the lack of a conversion right also has implications for anti-dilution protection: in the U.S., In Germany, anti-dilution protection is achieved by issuing additional preferred shares. The boom years of 1998 (79 IPOs), 1999 (175 IPOs), and 2000 (142 IPOs) are long gone. Hence, the negation is exactly in reverse.
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Altgate
DECEMBER 7, 2008
It means that guys like Mark Cuban were not simply lucky for starting a streaming video company in 1995 and selling it to Yahoo for $6 billion in 1998. I would have thought the entrepreneurs would have used their own capital to delay dilution. Think about that. I wouldn’t have expected this.
Ben's Blog
JULY 16, 2013
3/31/1998: 30.8 If we took too much dilution, we will work with our new investor to make sure that every employee is still highly financially motivated. If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/29/1996: 22.3
www.paulgraham.com
OCTOBER 23, 2010
They get the same kind of stock and get diluted the same amount in futurerounds. So the deals take longer, dilute you more, and imposemore onerous conditions. Back in 1998 our CFOtried to talk me into it. Surely 1998 was a little late to arrive at the party. Usually angels are financially equivalent to founders.
www.paulgraham.com
APRIL 28, 2010
When we sold our startup in 1998 I thought one day Id do some angelinvesting. Dilution is normal. They cant dilute you without diluting themselves justas much. And they wont dilute themselves unless they end up net ahead. So its your choicewhether you get diluted. [ Suppose its 1998.
Ben's Blog
MAY 24, 2021
Among the findings are: SPAC dilution amounts to roughly 50% of the cash ultimately delivered to the companies brought public. 1990-1998 13.3% 22% 1990-1998 13.3% 1990-1998 10% 6.3% First, as the below chart shows, IPO pops are not a new phenomenon. Time Period IPO Pop* 1980-1989 6.1% 1999-2000 51.6% 44% 2001-2019 13.7%
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