Emotional Lessons From the Collapse of the Internet Bubble

Feld Thoughts

That perfectly describes how 2001 felt to me. In 2001, I was on the board of four public companies (and was co-chairman of two of them which I had been a co-founder of.) My moment of capitulation came sometime in the early summer of 2001. Until that day in the summer of 2001, my emotional well-being was much too connected to my financial well-being. Entrepreneurship 2001 internet bubble robert frost

A new decade: From consumerization to commercialization of technology

deal architect

Steve Jobs said that to Time magazine soon after launching the iPod in 2001. “I would rather compete with Sony than compete in another product category with Microsoft.” It signaled the start of a trend Gartner would later call “consumerization

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CES: The year of automation

deal architect

CES has traditionally been a harbinger of technology and societal trends with the products that are launched there: 1981 saw the introduction of the camcorder, 1991 the Interactive CD, 2001 the Microsoft Xbox and 2011 was the year of the. Industry Commentary

Ray Dalio’s Principles of Success

Feld Thoughts

My abyss happened between 2001 and 2003 and, while I wasn’t alone in my mistakes as Dalio was in his, I related deeply to it. I became a Ray Dalio fan earlier this year when I read his book Principles. I went on my Ray Dalio journey, read a bunch about him on the web, and watched some of his videos and interviews. While on vacation last week, I watched his new 30-minute cartoon adventure Principles for Success.

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I Just Got Paid For Work I Did 20 Years Ago.

Hunter Walker

You see, it was for work I’d performed from 2001–2003 at a startup called Linden Lab, the company behind virtual world Second Life. Startups Should Work To Make Their Employees Wealthy Not Just Their Founders And Investors.

OwnLocal Acquires Print2Web

SiliconHills

Print2Web, founded in 2001 in St. Austin-based OwnLocal announced its acquisition of Print2Web, a digital service provider to the newspaper industry, on Monday. The financial terms of the deal were not disclosed. Petersburg, Florida, was one of the first companies to digitize print ads for newspapers. The company works with more than 450 newspapers and […] The post OwnLocal Acquires Print2Web appeared first on SiliconHills. Austin

a16z Podcast: Scaling Companies… and Culture

Ben's Blog

It was founded on 2001, IPO’d in 2008, and was acquired by SAP in … talent managementIn this episode of the a16z Podcast sharing more founder stories, Ben Horowitz interviews a16z partner Lars Dalgaard about SuccessFactors, one of the earlier software-as-a-service companies. (It

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Introducing Services Arbitrage: The Perfect New Business For Non-Experts Looking For A Laptop Lifestyle Income Stream

Entrepreneurs-Journey.com by Yaro Starak

For seven years, from 2001 to 2007, BetterEdit.com was my main project. 2017 marks the 10-year anniversary of a big event in my life – the day I sold my editing company for six figures. It was also the first true Laptop Lifestyle online business I created, providing a full-time. The post Introducing Services Arbitrage: The Perfect New Business For Non-Experts Looking For A Laptop Lifestyle Income Stream appeared first on Entrepreneurs-Journey.com.

Introducing Services Arbitrage: The Perfect New Business For Non-Experts Looking For A Laptop Lifestyle Income Stream

Entrepreneurs-Journey.com by Yaro Starak

For seven years, from 2001 to 2007, BetterEdit.com was my main online business (I later sold it for $100,000 USD). It was also the first true Laptop Lifestyle online business I created, providing a full-time income stream I could take with me as I traveled the world. When I sold. The post Introducing Services Arbitrage: The Perfect New Business For Non-Experts Looking For A Laptop Lifestyle Income Stream appeared first on Entrepreneurs-Journey.com.

Nonprofit CEO Providing PPEs For Essential Workers

Hearpreneur

Founded in 2001, VisionSpring’s mission has always been to provide eyewear to the 2.5 VisionSpring was founded in 2001 with the goal of reaching and providing affordable, quality glasses to the 2.5

We Were Right – Just a Decade Early

Feld Thoughts

It’s currently at $42 / share so if I got the splits right, after its collapse in 2001 to a low of around $5 / share it took it 15 years to claw its way back to $42 / share (a 10x from the low, 40% of its high at the peak.). 2001 – 2002 was the collapse to the Trough. This is a line my friend Jerry Colonna uses when something like the AT&T – Time Warner deal occurs. As time passes, the line has shifted to “We were right – just fifteen years early.”

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How times have changed in twenty years…

Version One Ventures

We initially launched in Germany before expanding into the UK and France, and then sold the company to our North American competitor AbeBooks in 2001. It was 20 years ago next month that we started JustBooks, creating a marketplace that connected buyers and sellers of used, rare, and out-of-print books. My co-founder Hannes Blum and I joined the AbeBooks HQ and co-led the company for many years until we sold it to Amazon in 2008.

5 Ways Leaders Can Eliminate Stress And Reboot For Change In 2021

YoungUpstarts

Patterson began his consulting career at Arthur Andersen and Capgemini before helping found Lucidity Consulting Group in 2001.

How top VC firms use storytelling to connect with entrepreneur communities

The Next Web

billion to 3,995 deals, with investments in internet-specific companies reaching the highest total since 2001. Research from Pricewaterhouse Coopers (PWC) reveals that in 2013, US venture capitalistscommitted $29.4 The idea is simple. Venture capitalists fund projects that demonstrate a high probability of success. These investments represent the next generation of technologies and grow to become the next Facebooks and Googles of the world. But money represents only part of the story.

Vendini Acquires Austin-based CrowdTorch

SiliconHills

Its Vendini third acquisition since its founding in 2001. Vendini, a San Francisco-based live events company, announced Friday it has acquired CrowdTorch, an Austin-based consumer ticket and live event platform, previously owned by Cvent. The financial terms of the deal were not disclosed. Vendini plans to keep the CrowdTorch ticketing platform and operate it as […] The post Vendini Acquires Austin-based CrowdTorch appeared first on SiliconHills. Austin

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

Feld Thoughts

It’s the summer of 2001. By breakfast in the summer of 2001, the stock was trading under $1 / share. He certainly didn’t have to get up every day and go to the office, which by the summer of 2001 was a real business battle on multiple fronts. In the summer of 2001, I felt guilty about dragging Len into the mess that had become Interliant. The NASDAQ peak is in the rear view mirror. Many Internet companies are struggling.

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Founder Interview: Jim Elliott – Volunteer to NonProfit Entrepreneur

The Startup Magazine

Five years later, in 2001, he founded Diveheart, a volunteer-driven organization focused on building confidence and independence in disabled children, adults and veterans through scuba diving.

Covid-19: Senator Bill Frist, M.D. Second Opinion Podcast

Feld Thoughts

Dr. Schuchat played key roles in CDC emergency responses including the 2009 H1N1 pandemic influenza response, the 2003 SARS outbreak in Beijing, and the 2001 bioterrorist anthrax response. In the midst of a crisis like the Covid-19 one that is unfolding around the world, it’s very hard to separate the signal from the noise.

Bringing Depression Out of The Shadows In Startups

Feld Thoughts

A: After I became depressed for the second time, in my mid-30s — in 2001 just after Sept. The last three months of 2001 were awful for me after an 18-month stretch from the peak of the Internet bubble — spring 2000 through Sept. 11, 2001. In 2002, when most of my VC and entrepreneurial colleagues were having a terrible year, I acknowledged how much I had struggled in 2001, although I was still relatively discreet about it.

Nonprofit CEO Providing PPEs For Essential Workers

Hearpreneur

Founded in 2001, VisionSpring’s mission has always been to provide eyewear to the 2.5 VisionSpring was founded in 2001 with the goal of reaching and providing affordable, quality glasses to the 2.5

RIP Len Fassler

Feld Thoughts

From 1996 to 2001, I spent a lot of time with Len in New York, where Interliant was headquartered. Gramercy Park in June 2015. After 89 years on this planet, Len Fassler passed away on Friday. Len was my Yoda. As a paternal figure, he was a close second to my father. I loved him deeply.

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"[Osama bin Laden] said at one point that he wants oil to be $144 a barrel"

Hacking Startups

“[Osama bin Laden] said at one point that he wants oil to be $144 a barrel” - Fears, Again, of Oil Supplies at Risk - New York Times, October 14, 2001

"[Osama bin Laden] said at one point that he wants oil to be $144 a barrel"

Hacking Startups

“[Osama bin Laden] said at one point that he wants oil to be $144 a barrel” - Fears, Again, of Oil Supplies at Risk - New York Times, October 14, 2001

We Are Austin Tech: Lloyd Armbrust

Austin Startup

In 2001 he moved into online sales and then worked to built several newspaper websites from the ground up. Lloyd Armbrust has been working in and around newspapers for over 15 years when he started as a circulation call-center manager for the Duluth News-Tribune. In 2008, he started OwnLocal and in 2010 received funding from [.]. Editorial

The Markets Are Great. but Venture Outcomes Haven’t Changed Much

VC Adventure

Since 2001, financings that have produced a 10X+ returns have fluctuated some but remain modest. A few years back I blogged about the hard data behind venture outcomes and the challenge of creating a venture portfolio that produces strong returns.

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

David Cohen

In 2001, the towers were hit. March 30, 2020. Founders, I’m talking to you. I’m one of you. Your world and mine are different than they were three weeks ago. A virus has changed everything for your businesses and for your family. You’re being bombarded by advice for what to do ( including mine ), and trying to figure out how to make sense of it all and how to apply it to your own business. I’ve started four companies, and my latest is Techstars.

Startup Fundraising Trends: Ask the VCs

Early Growth Financial Services

This was the largest quarterly investment total since 2001’s first half. The trend continued in 2014: with activity during the six months through June the strongest since the comparable period of 2001. In case you missed our recent webinar, we featured panelists Lucas Nelson, Principal, Gotham VC; Marlon Nichols, Director, Intel Capital; Alan Wink, Director of Capital Markets for EisnerAmper LLP; and Sirk Roh, COO for Early Growth Financial Services.

Interviewing Lucy Sanders at Entrepreneurs Unplugged on 1/28/15

Feld Thoughts

When she retired from Avaya Labs in 2001, she was CTO, R&D Vice President and Bell Labs Fellow and had about 600 people reporting to her. Lucy Sanders, the founder/CEO of the National Center for Women & Information Technology is a remarkable person. I’ve worked with Lucy since 2005 and she’s done more advancing the cause of engaging women in IT, computer science, and entrepreneurship than anyone I know. As a bonus, she – and NCWIT – are based in Boulder.

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The Long Arc of A CEO / Investor Friendship

Feld Thoughts

I’ve been involved in Return Path as an investor since 2001 when Return Path and Veripost merged as part of a funding done by Sutter Hill (Greg Sands), Flatiron Partners (Fred Wilson), and Mobius Venture Capital (me). Last week, Return Path announced it was being acquired by Validity. My fellow board member Fred Wilson wrote a great history titled The Long Game and Matt Blumberg wrote a beautiful tribute titled OnlyOnce, Part XX.

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Why Tim Cook is Steve Ballmer and Why He Still Has His Job at Apple

Steve Blank

Between 2001 to 2008, Jobs reinvented the company three times. Each transformation – from a new computer distribution channel – Apple Stores to disrupting the music business with iPod and iTunes in 2001; to the iPhone in 2007; and the App store in 2008 – drove revenues and profits to new heights. What happens to a company when a visionary CEO is gone? Most often innovation dies and the company coasts for years on momentum and its brand. Rarely does it regain its former glory.

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I Encourage Entrepreneurs To Ignore The Word “Bubble”

Feld Thoughts

In the tech industry, the great Internet bubble inflated between 1999 and 2000 and deflated (or popped) in 2001. I remember it well as 2001 was easily the most challenging year of my business life. I made a lot of mistakes in 1999 and 2000 that I’ve hopefully learned from (I believe I have) and took on a lot of challenging things between 2001 and 2005 which laid the groundwork for the business context that I find myself in today.

Cash Policies for Startups

Feld Thoughts

In 2001, we had several companies lose over $1m (including one that was public that lost $7.5m) in corporate bonds, which were being pushed on startups by the various banks as “safe.” I heard a rumor on a call the other day that some startup companies are starting to keep balance sheet cash in higher yield instruments such as corporate debt. This is apparently becoming trendy again as private companies do $25m+ rounds and end up with a bunch of cash on their balance sheets.

The Three Crises

Feld Thoughts

I was decimated in the collapse of the Internet bubble and had an extremely rough business experience from 2001 – 2006 (which I lovingly refer to as “The Grind”). While everyone I know feels the weight of being in the midst of the Covid crisis, we are actually dealing with the overlap of three linked crises. Understanding this, and putting it in historical context, has been helpful to me as I process real-time inputs and prioritize my activities.

Denouement

View from Seed

Aggregate VC investment in 2009 hits a low of roughly $20B, a figure last seen in 2003 in the wake of the bursting of the dotcom and telecom bubble and 2001 recession. Like many things in life, the VC/startup ecosystem is one of cycles. Looking back over the last decade it’s remarkable to see how the emphasis has shifted across cycles and what the overarching narrative was.

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No Logical Relation Between Employment And Health Care: Kenneth Arrow

YoungUpstarts

Cara Wick started her banking career in 2001. by Cara Wick, President of Wick Financial. As healthcare makes headlines, I wish more people listened to Nobel Prize-winning economist Kenneth Joseph Arrow. Born in New York City in 1921, at 51, Mr. Arrow was the youngest person ever to receive the award.

Don’t Fight Depression

Feld Thoughts

The first half of this year was marked with the deepest depression I’ve had since 2001. As 2013 comes to an end, I feel some relief that what has been a difficult and confusing year is almost behind me. I mark the year boundary with my birthday (12/1) so December is an “unwind” month for me. Amy and I are at our house in Keystone with a variety of friends swinging through, working some, reading some, exercising, and just hanging out.

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The Anti-Israel BDS Movement Will Fail

David Teten

The movement was born at the 2001 World Racism Conference at Durban as an attempt to pressure Israel, despite the ongoing support of Israel’s government and citizens for a two-state solution. . In the 19 years since the 2001 decision by NGOs to ostracize Israel with BDS, Israel’s per capita GDP has grown from $19,000 to $36,200. The BDS movement is immoral and ineffective.

The Doubly-Linked List Appears to Have Been Patented

Feld Thoughts

The linked list history goes back to 2001 , well before the patent was filed. I saw a tweet today that said “ The doubly-linked list, a structure I studied thirty years ago, has recently been patented.” After giggling at the absurdity of the idea, I went and at a patent dated 4/11/06 that appears to be for the doubly-linked list.

How To Prepare Your Business For A Natural Disaster

YoungUpstarts

Founded in 2001, eFileCabinet, Inc. by Jesse Wood, CEO of eFileCabinet. Whether it’s a hurricane, tornado, flood, or earthquake, natural disasters can strike at any time and with very little warning. Though many people worry about and prepare for the effect these events can have on their homes and personal lives, very few business owners put the necessary thought and preparation into dealing with the effects these disasters can have on their businesses.

[Review] Calling All Grads!

YoungUpstarts

Buscaglia should know something about this topic – after all he’s assigned, written and edited more than 2,000 job-related stories since he started working on the employment content pages for Tribune Media Services since 2001. In an economy as tough as this one, college graduates are going to find it difficult trying to land a job, much less build a career. But Marco Buscaglia has put together a useful resource in a book called ” Calling All Grads!

Is the Lean Startup Dead?

Steve Blank

It helped that in the nuclear winter that followed the crash, 2001 – 2004, startups and VCs were extremely risk averse and amenable to new ideas that reduced risk. A version of this article first appeared in the Harvard Business Review.

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Going Beyond Facial Recognition – Why The Future Of Security And Possibilities Lie In Video Analytics

YoungUpstarts

He previously cofounded Scintera, a fabless semiconductor company in 2001. by Abhijit Shanbag, CEO of Graymatics. The possibilities of facial recognition have placed it at the forefront as both a security measure as a means of biometric identification, as well as a reliable means of gathering data for analytical purposes. In a world with greater reliance and threats presented to our sensitive information and data, basing our security solely on a password isn’t enough.

[The Philippines] Harnessing Apps To Tackle Traffic

YoungUpstarts

trillion since 2001 due to traffic – a massive loss in productivity. Traffic in Southeast Asia’s megacities can be notoriously bad – for example, traffic in central Bangkok or Jakarta can come to an absolute standstill by 6pm. In Manila, a study by the University of the Philippines National Center for Transportation Study (UP NCTS) last year placed the average annual losses incurred due to traffic congestion in Metro Manila at over P137 billion as of 2011.