You have to hand it to Larry

deal architect

In The New Technology Elite, I cited a 2002 anecdote where Steve Jobs is supposed to have told Dan Wood, founder of Karelia Software, then a partner “You know those handcars, the little machines that people stand on and pump.

We Were Right – Just a Decade Early

Feld Thoughts

2002 was the Trough of Disillusionment. 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.

How an experienced developer multiplied his productivity.

Aymeric Gaurat-Apelli

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How an experienced developer multiplied his productivity.

Aymeric Gaurat-Apelli

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@altgate » Blog Archive » But What Does It Mean?


The chart shows how the US economy is currently shedding jobs at a rate much higher than in the most recent recessions (2002 and 1990).

Early Stage VCs – Be Careful Out There

Feld Thoughts

By 2002 investments at the seed level had evaporated (there were almost no seed financings happening). In addition to our own funds, we are investors in a number of other early-stage VC funds as part of our Foundry Group Next strategy. Yesterday, in one of the quarterly updates that we get, I saw the following paragraph. “Historically, the $10 million valuation mark has been somewhat of a ceiling for seed stage startups.

DUDE Agency Podcast – The Self-Reliant Entrepreneur

Duct Tape Marketing

John Jantsch, author of Duct Tape Marketing , shares how his marketing consulting firm grew from a book published in 2002 into a marketing system that’s used to help agency owners and their clients achieve great results. DUDE Agency Podcast – The Self-Reliant Entrepreneur written by John Jantsch read more at Duct Tape Marketing.

5 Stages In Leading Paradigm Shift Levels Of Change

Startup Professionals Musings

For example, I still remember when Dean Kamen launched the Segway Human Transporter in 2002, predicting a transportation paradigm shift, and geared up to sell 10,000 per week for the next five years.

It Can All Go To Zero

Feld Thoughts

” In 2002 Interliant went bankrupt and the stock went to $0. Perspective can be a useful thing. Cryptocurrencies have had a bad 24 hours. Last night Amy and I watched The Big Short for the second time. If you’ve never seen it, it’s a must watch movie.

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Every Generation Learns The Same Lessons

Feld Thoughts

Last night, at the Aspen Entrepreneurs event, I was asked to describe several failures and I rolled out my story about Interliant, which, for a period of time (1999 – 2000) appeared to be hugely successful before going bankrupt in 2002.

Category Collapse

Feld Thoughts

If you lived through the Internet-bubble between 1999 and 2002 you know this cycle well. It’s the second week of December, which is about the time that all of the predictions for 2019 start occurring. Last week’s announcements of the confidential S-1 filing of Lyft, Uber, and Slack helped prime the pump for some of these. By the way, did anyone other than me think it was a strange turn of events that companies are now announcing their confidential S-1 filing?

Prevailing Wisdom

Mucker Lab

2002 – “the social network fad is over”. 2002 – “Information Technology is not a competitive advantage”. 2002 – “Consumer electronics is a low margin and highly competitive industry”. 1994 – “Consumers are fickle and unpredictable. Consumer products and services are hit driven, it’s really hard to build a scalable consumer company”. Internet). 1996 – “It’s impossible to get to build a billion dollar company selling widgets at $15 and taking $1 commission one at a time”.

Playing Startup

View from Seed

But the first real time we had a big celebration and folks felt like we’d “made it” was the party we held in the parking lot on February 14, 2002 when PayPal went public. I’ve observed what may be an emerging trend, at least in some startups, that I find somewhat unsettling.

Alice Seba: How This Canadian Mother-Of-Three Sold Over A Million Dollars Worth Of Content Other People Created by Yaro Starak

? [ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Alice Seba started out online in 2002, after the birth of her first child. She wanted to figure out a way to avoid working a job so she could spend more time with her son. The post Alice Seba: How This Canadian Mother-Of-Three Sold Over A Million Dollars Worth Of Content Other People Created appeared first on Do you have an online business but hate writing content?

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FullContact Continues Its Journey To Solve The Contact Management Problem

Feld Thoughts

By 2002 I realized that what was classically called a rollup strategy was not generally effective, at least not for me. When we invested in FullContact in 2012, they were a small team with a big vision to create One Address Book To Rule Them All.

Hollywood’s Massive Miss on Strong AI

Feld Thoughts

And it’s pretty amazing for something done in 2002, which was adapted from something Philip K. Dick in 1956 to John Underkoffler in 2000 to Stephen Spielberg in 2002 making a movie about 2054, that lineage makes sense to me. Strong AI has been on my mind a lot lately.

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The wrong question: Is now the right time to start a company?

A Smart Bear: Startups and Marketing for Geeks

I started Smart Bear in a recession (2002) and it went great. The answer is always yes. But it’s the wrong question. I’ve been explaining for eight years why recessions are a great time to start a company.

Moving To Homer, Alaska

Feld Thoughts

The two week trips turned into three week trips and we ultimately bought a house in Homer in 2002. But I’m equally glad we bought a house here in 2002 and have made Homer, and Alaska, part of where we live and spend our time. Nope – Amy and I aren’t moving to Homer.

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Business Lessons Often Ignored In The Heat Of Passion

Startup Professionals Musings

For example, the personal motorized scooter Segway was announced as disruptive technology way back in 2002, but is still not a successful business. Most aspiring entrepreneurs are convinced that their idea and passion are so great that failure is not a possibility. They relate quickly to one of the big successes out there today, including Facebook, Airbnb, or Snap, and can give you a dozen reasons that they are in the same category.

The Great Coding School Rollup of 2015

Feld Thoughts

I was in the middle of that with Interliant (I was a co-founder) – we bought 20+ companies, at one point has an almost $3 billion market cap (on $200 million of revenue – recognize the multiple), but went bankrupt in 2002. I just saw my first proposal for a Coding School Rollup. As you are probably aware, 2014 saw the explosion of coding schools all over the US. These are typically four to 12 week programs. Some are full-time, others are part-time.

5 Steps To Strategy Tuning Through Machine Learning

Startup Professionals Musings

Way back in 2002, Jeff Bezos at Amazon issued an ultimatum to completely institute internal APIs within the company, and later to their millions of suppliers.

Resistance Is Futile

Feld Thoughts

By 2002, we were wallowing around in the rubble of the dotcom bust, salvaging what we could while putting energy into new ideas and businesses that emerged with a vengence around 2005 and the idea of Web 2.0.

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Reinventing Austin Women in Technology


When it started, in 2002, it was fueled by the [.] BY SUSAN LAHEY Reporter with Silicon Hills News The way advisory board member Sherry Lowry remembers it, Austin Women in Technology used to be the one place in Austin where women with the audacity to infiltrate the Old Geeks network—and women intrigued by technology—could converge. The post Reinventing Austin Women in Technology appeared first on SiliconHills. Austin Technology

Why Young Entrepreneurs Should Start Investing In Coins


A 1933 Saint-Gaudens Double Eagle was sold at an auction for more than $7 million in 2002. Entrepreneurs are getting younger these days. It’s not surprising to see 20-somethings creating innovations, starting their businesses, investing in the stock market, and more.

Example of Rally Software Building A Great Company

Feld Thoughts

And – since their birth in 2002, Rally has had 17 babies (well – people that work for Rally have had the babies, but you probably figured that out.) Lots of little things go into building a great company over the long term. Rally Software is one that I’m proud to have been involved in from the beginning. I remember when Ryan Martens, the founder, would sit for entire days in a small conference room near my office covering the white boards on the walls with his scribblings.

Not Every Startup Is “Killing It” (How to Speak Up During Tough Times)

View from Seed

We went public in 2002 and eBay bought the company later that year for over $1.5 The startup ecosystem is often full of hyperbole, which is perfectly understandable when you think about it.

Bitcoin: things only grow this fast when something important is happening

The Equity Kicker

In around 2002 I was stuck in my hotel room in Egypt due to food poisoning and the only English TV available was an American business channel. Coindesk just published their quarterly ‘ State of Bitcoin ‘ presentation.

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The Great Winnowing of World Cup & The Startup Ecosystem

Agile VC

Picture I took in 2002 of WC stadium Daegu, South Korea. Those of you who know me are probably aware that I’m a rabid soccer (football) fan.

Audit Committee Responsibilities for a Nonprofit Board

Board Effect

Since the passage of the Sarbanes-Oxley Act of 2002 (SOX), there’s been a greater focus on sound governance principles for all types of organizations. Nonprofit organizations have much liberty to organize themselves so long as they remain in compliance with laws and regulations.

#GivingThanks: Jerry Colonna and Naropa University

Feld Thoughts

In 2002 Jerry retired from venture capital and went on his own personal journey for meaning. Today’s #GivingThanks post is for my dear friend Jerry Colonna. When I make a list of non-family members and non-partners who I would want to be stranded on a desert island with, Jerry is at the top of the list. Before I tell a story, if you want to participate in #GivingThanks to Jerry, please make a donation to Naropa University where Jerry is the chair of the board.

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Playing Startup

Agile VC

But the first real time we had a big celebration and folks felt like we’d “made it” was the party we held in the parking lot on February 14, 2002 when PayPal went public.

How to Divide Founder Equity: 4 Criteria to Discuss

View from Seed

For example, when we started LinkedIn at the end of 2002, each member of the founding team essentially had a couple chunks of founders’ common stock.

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The Blockchain: Ending Data Hacks

View from Seed

In 2002, online commerce accounted for just 1.6% Remember when we were scared to buy things online?

Why I’m not worried about formal advocacy programs…

Feld Thoughts

Cecelia did this in 2002 which makes me think of the chaos that was in my head as I continued to unwind the mess that was my world from the collapse of the Internet bubble. My mom ( Cecelia Feld ) has had a huge positive impact on my life in many ways. I like to think that I’ve also had a huge positive impact on her life, although I’m sure there have been times that she wanted to hide in a closet from me and scream at the top of her lungs.

Startup Communities: Creating A Great Entrepreneurial Ecosystem In Your City

Feld Thoughts

The Internet Bubble (2001 – 2002). I’m deep into writing my latest book. For now, the title is “ Startup Communities: Creating A Great Entrepreneurial Ecosystem In Your City.” ” I’m open to different titles – if you’ve got ideas just put them in the comments. Following is the current table of contents. It’s still pretty dynamic as I’m adding stuff while I’m writing.

It’s Time to Play Moneyball: The Investment Readiness Level

Steve Blank

Until 2002 – when the Oakland A’s’ baseball team took advantage of analytical metrics of player performance to field a team that competed successfully against much richer competitors.

My Recently Erratic World of the Gmail Spam Filter

Feld Thoughts

It transformed my life – with one minor change of an MX record some time in 2002 all the spam in my inbox disappeared. Let’s start with a brief history of my investment-led fight against the perils of spam and my never-ending love of SMTP.

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Taking Corporate VC: When It Makes Sense

View from Seed

Fortunately we proved skeptics wrong and every one of these strategic investors made a tidy 2.5 – 3x return once PayPal IPO’d in 2002 and then was acquired by eBay later that year.

After Your First Big Success, What’s Next?

Feld Thoughts

By 1999 I had to ponder “what’s next” again after a number of my angel investments returned more money to me than I ever thought I’d have, and then again in 2002 after getting massively crushed by the collapse of the Internet bubble and losing even more money on paper than I expected I’d make cumulatively in my lifetime. As exits have been flowing nicely again the past few years, many of the entrepreneurs I work with have experienced their first big exit.

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Try On The Decision For 30 Days

Feld Thoughts

The depressive episode only lasted three months, but the s**t show continued through 2002 as most VCs and Internet companies suffered a massive collapse. I’ve made a lot of major decisions in my life – both personal and professional. For the professional ones, I’ve come up with an approach that I now use consistently. I try on the decision for a period of time – the more significant the decision, the longer the period of time.