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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics.

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Why Bitcoin can never be a global currency

Start Up Blog

Crypto will change commerce and global adoption of cryptocurrencies is, in my view, inevitable. Now it appears that it will never be stable, hence removing its chances of ever being the global currency it has been touted to be. What we have seen this time is excess asset valuations, as well as booming equity and crypto markets.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

The terms and valuation for both offers were comparable and when the team debated which path to choose, we all agreed both firms would have made good partners. round which closed in November 2003, and the pre-money valuation between $10 million and $15 million. It was a pretty good valuation for the time. It was a $4.7M

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An Open Letter to Startup Founders Everywhere in a Time of Crisis

David Cohen

In 1999, we sold that business and I started angel investing. Uber took the shockingly low valuation of $4m when raising it’s first $1.5m. 3m valuation. Less than a $2m valuation for their seed round. For the rest of our lives, we’ll all remember this global pandemic that changed everything. All eventual unicorns.

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A Venture Capital History Perspective From Jack Tankersley

Feld Thoughts

For many years preceding 1999, the 1982 vintage was known as the industry’s worst vintage year. The remainder failed as a result of the phenomenon of investing in the best deals in their region which typically were not competitive on a national or global scale.

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10+ Trends: Recap of 2011 and What’s Next…

thebarefootvc

This was the year that the promise of technology to truly change the world and empower individuals (the reason I entered the tech world in 1994) reached global scale. As of year-end, Foursquare had over 15 million users, with an exponential growth rate globally.

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$20,000 in 2020: Bitcoin’s Point of No Return

thebarefootvc

In the 2017 article, I wrote “True alpha returns have been difficult to achieve in the globally low interest-rate environment…”. Like him, many retail investors were drawn into nonstop television coverage and headlines that were (to me, scarily) reminiscent of 1999. Fast forward to 2020 and truer words have never been spoken.

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