Feld Thoughts

JANUARY 2, 2023

Its revenue grew by 30%+. Another company had a revenue decline of 25%. 2002 sucked, but it wasn’t as dreadful. 2004 was the beginning of what I now refer to as “the grind,” which ended for me around 2007. Each company is different, and the dynamics of the bubble bursting were not generic. 2003 was hard.

Valuation 172

Valuation Revenue Portfolio Leadership 172

Agile VC

MAY 26, 2011

Google is still a private company (their IPO was Aug 2004). Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. To give you a sense, for 2002 the entire US online ad market was $6B and had shrunk year over year (it was $25B+ for 2010). conference happened at the end of 2004).

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

ConversionXL

JANUARY 18, 2022

In 2002, Elon Musk created Space X. He was swiftly followed by Richard Branson and Virgin Galactic in 2004. And yet, revenue went up by 45% YoY. Their followers remember them as the funny revenue data company that knows what they’re talking about, and then recalls them when they’re in a buying position.

Marketing 109

Marketing Social Media Non-Compete Audience 109

Both Sides of the Table

JULY 10, 2010

You have to be selected to present and it is typically reserved for companies that have already raised early-stage capital and are well into revenue growth. Founded in 2002 and expanded after founders graduated from CMU in 2006. Company generates revenue via premium accounts, targeted ads and transaction commission. students. -Is

IPO 242

IPO Venture Capital Private Placement Cofounder 242

BeyondVC

NOVEMBER 25, 2003

Its latest survey calls for an increase of 2% spending for 2003 versus a December 2002 survey which forecasted a decline of 1.1% for 2004, down from an August 2003 spending survey forecast of 2.3% growth for 2004. for 2004, down from an August 2003 spending survey forecast of 2.3% growth for 2004.

Forecast 60

Forecast Software Review Portfolio Security 60

Ben's Blog

JULY 16, 2013

Perhaps you are caught in the “Series A crunch” or perhaps you are a consumer company and expected that you would be valued on users rather than revenue like the last time. 3/29/2002: 82.5. 3/31/2004: 31.6. But they most certainly are not. Or maybe you are a lucky enterprise company and are pleasantly surprised—this time.

Down Round 78

Down Round Marketing Preferred Stock Post-Money Valuation 78

View from Seed

JANUARY 26, 2016

In the years immediately prior to the popularity of institutional seed investing (I’m using a time frame of 2002 – 2007), the early-stage financing landscape looked similar to the first segment of the chart. Series A investors invested quite early, often before product/market fit.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120