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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OwnLocal Acquires Print2Web


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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CSO Research of Austin Merges With MBA Focus


CSO Research, which makes undergraduate career service software and founded in Austin in 2001, has merged with MBA Focus, based in Dublin, Ohio. MBA Focus, founded in 2003, provides graduate business school career service software and recruitment technology. It works with more than 2,000 companies and students at 75 graduate schools. Erik Mulloy is the […] The post CSO Research of Austin Merges With MBA Focus appeared first on SiliconHills. Austin

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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.

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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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.

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.

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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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


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

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.

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.


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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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.

Nonprofit CEO Providing PPEs For Essential Workers


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 Originally named the Scojo Foundation in 2001 and re-named VisionSpring in 2008, Scojo Foundation was named for co-founders Jordan and Scott (ScoJo).

"[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

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.

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.

Ecommerce: How to Survive its Troughs


The rise of ecommerce started in 2001 – during the growth of the commercial availability of the internet in households. On the topic of ecommerce, one wonders to what extent this business model is applicable, and where is it likely to end?

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.

10 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story


Conant joined the team in 2001, just as sales were declining for the company and its market value was decreasing. Poor performance in business doesn’t always imply the failure of a business. It can be an improving point for a business or mark its upward trajectory.

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


He previously cofounded Scintera, a fabless semiconductor company in 2001. by Abhijit Shanbag, CEO of Graymatics.

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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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.

5 Practical Tips For Starting Your Own Business In 2020


million people or 12% of the population worked for themselves in 2001. It can be very fulfilling to work for yourself.

No Logical Relation Between Employment And Health Care: Kenneth Arrow


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.

Every Generation Learns The Same Lessons

Feld Thoughts

My foundational moment, where I really learned the lesson, happened during the collapse of the Internet bubble in 2000 and 2001. While it’s easy to tell people things, it’s much more powerful to learn things.

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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How to be self-employed — a guide

The Startup Magazine

More people than ever have taken the plunge to go self-employed; the number of self-employed workers has been increasing in the UK since 2001 — and they now account for around 15% of the working population. The number of self-employed workers aged 65 and above has tripled — and a younger generation of self-employed workers aged 16 to 24 has almost doubled since 2001. Self-employment is on the rise.

How To Prepare Your Business For A Natural Disaster


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.

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.

[Review] Calling All Grads!


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!

How A Document Management System Brings Better Talent To Your Business


Founded in 2001, eFileCabinet, Inc. by Jesse Wood, CEO of eFileCabinet. In the world of HR, one of the biggest battles is finding and hiring exceptional employees. Bringing talented individuals into your company makes a huge impact on whether your business thrives or fails, but those very employees you want are likely being pursued by other employers as well, so how can you entice that exceptional talent into joining your team?

[The Philippines] Harnessing Apps To Tackle Traffic


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.