Steve Blank

SEPTEMBER 14, 2009

What this meant for entrepreneurs and VCs was a bit more complex– the IPO market was all but closed (with the Google IPO in 2004 as a brilliant exception), but it was possible find a buyer for your company. My experience of 2001-2004 is very remote from what you are describing.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Both Sides of the Table

SEPTEMBER 2, 2009

In my first company I had to raise money in April 2001 or die. Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Feld Thoughts

MAY 6, 2019

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). I wrote the very long story in a post titled Return Path Acquires Netcreations in 2004.

Idaho 91

Idaho New York Venture Capital Partner 91

Software By Rob

MARCH 17, 2010

The memories I have of Joel on Software , especially from 2001-2004, run deep. Surely you’ve heard the news by now. Joel Spolsky is going to wrap-up his blog on its 10-year anniversary, just a few days from now. These were my formative years as a developer, and Joel published some of his best work during this time.

Software Review 39

Software Review Software RSS Software Developers 39

VC Adventure

SEPTEMBER 20, 2019

That blog post – which turned into one of my most read posts ever – grew out of a study done by Correlation Ventures showing the distribution of outcomes across over 21,000 financings during the years 2004-2013 as well as some of my own observations.

Marketing 91

Marketing Venture Capital Finance Portfolio 91

This is going to be BIG.

MAY 5, 2023

Last August, I passed the point at which I had spent literally half my entire life working in this asset class, having started at the General Motors pension fund doing institutional investments in venture funds and late-stage directs back in February of 2001. To think, I almost didn’t take that 2004 meeting because it was a NYC-based fund.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Hunter Walker

JANUARY 24, 2021

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. And when that company was acquired in late 2020 by another private party, my stock purchased in 2004 turned into cash. 04/share if I’m recalling correctly.

Silicon Valley 83

Silicon Valley Equity Vesting Cofounder 83

YoungUpstarts

MAY 5, 2017

In 2001, in conjunction with the Russian Space Agency, American entrepreneurs Peter Diamindis, Eric C. In 2004, the man behind Virgin Records and Virgin Atlantic (airline), Richard Branson, established Virgin Galactic to become “The World’s First Commercial Spaceline.” Certainly, the U.S.

New Mexico 138

New Mexico Albuquerque Mexico Egypt 138

This is going to be BIG.

DECEMBER 2, 2014

I got my first job in venture--at GM--in February 2001. I tried to write a book for college kids in 2002-2003, couldn''t get it published, so I started blogging in February of 2004. I met Brad and Fred in the Summer of 2004, agreeing to join them later that year--my first job at a fund.

Venture Capital 110

Venture Capital Stock Naming Technology 110

David Cohen

MARCH 30, 2020

In 2001, the towers were hit. One in 2004 and one in 2006. Or even working for one? You must be nuts. Sudden change. It changed everything overnight. Nobody saw it coming. The financial markets quickly gave up more than a trillion dollars. Travel, insurance, and similar industries took huge hits. Sudden change. One worked, one didn’t.

Founder 174

Founder Valuation Startup IP 174

Software By Rob

OCTOBER 26, 2010

At the time (2001), digital cameras were very much maligned by “real photographers&# , and certainly by the general public. By 2003, I entered my first show and in 2004 I had a full-fledged business running. If it was good enough for 2001, it was good enough for 2007. I loved this product. The Curse of Love.

Java 66

Java Product Software Developers Software Development 66

Feld Thoughts

APRIL 3, 2011

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. So, in hindsight, the great Internet bubble of 2001 was very powerful and useful to me, even though it was very painful.

Entrepreneur 143

Entrepreneur Finance Internet Web 143

Scalable Startup

AUGUST 26, 2014

Drupal was launched in 2001, and Acquia started in 2007. It gained recognition during the 2004 presidential campaign when Howard Dean’s IT director decided to use it as a platform for community and campaigning. Acquia, Inc. But Drupal has succeeded way beyond it’s original expectations.

Founder 42

Founder Los Angeles PHP Open Source 42

Up and Running

OCTOBER 17, 2018

The multiple effects of business planning on new venture performance. Journal of Management Studies, 47(3), 391-415. 3 Upton, N., J., & Felan, J. Strategic and business planning practices of fast growth family firms. Journal of Small Business Management, 39(1), 60-72. 4 Gruber, M. Department of Economics. University of Oregon.

Business Plan 263

Business Plan Oregon Lean Elevator Pitch 263

Both Sides of the Table

JUNE 28, 2010

This lasted from about 2001-2004. Founded in Sunnyvale, CA in 2001. When he entered the industry he caught the tail end of the dot com bubble and then was immediately thrust into a 3-year period of “triage&# where VC’s had to deal with problems in portfolio companies. Formerly known as Fonelet Technologies.

San Francisco 230

San Francisco Los Angeles Cofounder SMS 230

YoungUpstarts

MARCH 3, 2020

Chris Kape: I established JAMCO in early 2001 in the wake of the dot-com bubble collapse. That business was sold in 2004 and provided JAMCO with its first profitable exit which resulted in the creation of a sizeable pool of capital to use going forward.

Partner 147

Partner Uganda Angel Investor Bulgaria 147

YoungUpstarts

APRIL 19, 2013

During his tenure, Dean was intimately involved with nearly every major piece of tax legislation signed into law, including the 2001 and 2003 tax reconciliation bills and the JOBS bill in 2004 (corporate tax reform). Senate Committee on Finance. Dean is a regular contributor to Forbes.com (Dean of Tax).

Small Business 145

Small Business United States Washington Startup 145

Feld Thoughts

JUNE 20, 2014

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies.

Early Stage 147

Early Stage Later Stage Syndicate Syndication 147

Growthink Blog

MAY 14, 2012

Since the Internet bubble burst in 2001, the number of IPOs hasn’t recovered to even 1980s levels. For perspective, before 2001 over 40% of all venture capital exits were via initial public offerings. For the period from 2004 to 2010 a mere 324 did. That's 30 years ago, folks. By 2010, that percentage had declined to a mere 3%.

IPO 78

IPO Private Equity Initial Public Offering Balance Sheet 78

Both Sides of the Table

FEBRUARY 12, 2017

Around 2001 Jonah was studying at MIT Media Lab and began running experiments in viral stories in an era before smart phones (2007) and before social networks took off (2004–2007) and before YouTube (2005). I asked Jonah in my interview how he became this viral guru. Back then there were “email forwards.”

Media 210

Media Los Angeles Russia Viral 210

ConversionXL

JANUARY 8, 2021

Published in early 2001, Positioning remains as relevant and actionable now as it was then. Mauborgne (2004). The mind, as a defense against the volume of today’s communications, screens and rejects much of the information offered. In general, the mind accepts only that which matches prior knowledge or experience.

PPC 134

PPC Marketing Lean Differentiation 134

Feld Thoughts

JUNE 20, 2014

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies.

Early Stage 108

Early Stage Later Stage Syndicate Syndication 108

Both Sides of the Table

SEPTEMBER 13, 2009

2001-2004 were very humbling but we built a real company. This is only the first chapter in my story. That story for another day. Don’t Believe the Hype – take your lesson from Public Enemy (video worth a 4 minute diversion ).

South Africa 310

South Africa Europe Disintermediation Poland 310

The Next Web

FEBRUARY 25, 2014

Its chaos and insanity melds into a working city that was predicted by the architect Rem Koolhaas (with the Harvard Project on the City) in the 2001 book Mutations when he said that Lagos was a city of the future and one that Western cities would eventually base themselves on. But somehow Lagos works. Slowly overcoming its reputation.

Nigeria 148

Nigeria Africa Reputation Email 148

500hats.com

AUGUST 2, 2012

While a flood of new VCs came into existence during the late 90’s internet boom, many had difficulty raising new funds after the crashes of 2000-2001 and 2008 , and as a result significantly fewer fund managers exist now compared to a decade ago. In the past ten years there have been several dramatic changes in venture capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

YoungUpstarts

NOVEMBER 9, 2011

The KISS frontman started off selling the KISS-themed coffin online in 2001 and launched the newest versions of the “KISS Kasket” early in 2011. He released Donald Trump, The Fragrance in 2004, a product for the man who wants to experience the luxury and success Trump enjoys on a daily basis.

Switzerland 150

Switzerland Georgia Jordan Florida 150

BeyondVC

NOVEMBER 25, 2003

for 2004, down from an August 2003 spending survey forecast of 2.3% growth for 2004. The fact that most of my companies are close to budget is a far cry from 2001 and 2002, years plagued by numerous reforecasts of revenue and expense projections. That being said, the October 2003 survey forecasts spending growth of only 1.3%

Forecast 60

Forecast Software Review Portfolio Security 60

ReadWriteStart

NOVEMBER 5, 2019

The data says otherwise) it was indicated that, according to global investment firm Cambridge Associates, the failure rate for startups has not exceeded 60 % since 2001, based on the monitoring of venture capital investments of 27,259 startups between 1990 and 2010. Data Says Otherwise. Why do so many companies fail?

Venture Capital 77

Venture Capital Cofounder Finance United States 77

David Teten

NOVEMBER 30, 2020

Founded at MIT in 2004, Middle East Entrepreneurs of Tomorrow (MEET) brings together young Israeli and Palestinian leaders to create positive change through technology and entrepreneurship. Middle East Entrepreneurs of Tomorrow.

UAE 60

UAE United Arab Emirates Technology 60

Ben's Blog

JULY 16, 2013

3/30/2001: 26.3. 3/31/2004: 31.6. So, the average company on the S&P 500 IT index with $10M in annual earnings would be worth $210M in March of 1995, $820M in March of 2002, $310M in March of 2004 and $155M in March of last year. One would be wrong: 3/31/1995: 21.0. 3/29/1996: 22.3. 3/31/1997: 23.3. 3/31/1998: 30.8.

Down Round 78

Down Round Marketing Preferred Stock Post-Money Valuation 78

David Teten

MAY 16, 2011

From 2001 to 2004, he served as Vice President of Boeing Management Company, a subsidiary of The Boeing Company, and was responsible for its IP policy and initiatives. Prior to joining Boeing, Mr.

Naming 122

Naming Government Intellectual Property LLC 122

thebarefootvc

DECEMBER 5, 2011

Founded in 2004, it has grown in leaps and bounds along with NYC’s tech sector. NYC 2.0: Post 2001 crash, the NYC tech community rallied, the tech meetup got started, as did a number of companies utilizing NYC’s domain strengths in financial services, advertising, media and mobile.

Ghana 84

Ghana Indonesia Silicon Valley DC 84

The Next Web

NOVEMBER 13, 2013

2001) iPod 1st generation. 2004) iPod 4th generation. After the success of the original iPod campaign, Apple used callbacks in their slogans. Look how these slogans play off the iPod 1st generation slogan: “1,000 songs in your pocket.” 10,000 songs in your pocket.” Put a thousand thanks in their pocket.”

Audience 136

Audience Video Internet Mobile 136

dashes.com

SEPTEMBER 17, 2011

Kenyatta Cheese. Lynne Johnson. Matt Haughey. Maura Johnston. Natalie Podrazik. Rafe Colburn. Sasha Frere-Jones. Susan Crawford.

NDA 52

NDA Technical Review Non-Compete San Francisco 52

Ben's Blog

JULY 16, 2013

3/30/2001: 26.3 3/31/2004: 31.6 So, the average company on the S&P 500 IT index with $10M in annual earnings would be worth $210M in March of 1995, $820M in March of 2002, $310M in March of 2004 and $155M in March of last year. 3/30/2001: 26.3 3/31/2004: 31.6 One would be wrong: 3/31/1995: 21.0 3/29/1996: 22.3

Marketing 46

Marketing Preferred Stock Post-Money Valuation Down Round 46

BeyondVC

NOVEMBER 17, 2006

From April 2001 through June 30, 2006, we achieved 21 consecutive quarters of revenue growth. During the years ended March 31, 2004, 2005 and 2006, we achieved positive operating cash flows of $0.3 During the years ended March 31, 2004, 2005 and 2006, we achieved positive operating cash flows of $0.3 million for 2004, $1.9

IPO 60

IPO Investment Bankers Demand Revenue 60

Up and Running

MARCH 9, 2015

The multiple effects of business planning on new venture performance. Journal of Management Studies, 47(3), 391-415. 3 Upton, N., J., & Felan, J. Strategic and business planning practices of fast growth family firms. Journal of Small Business Management, 39(1), 60-72. 4 Gruber, M. Department of Economics. University of Oregon.

Business Plan 60

Business Plan Oregon Lean Elevator Pitch 60