Startup Lessons Learned

JULY 11, 2019

I've been in venture now twice. The first time was just for a couple years, from 2001-2003, before I went to grad school. I was in Boston, working for the first time in venture capital as an analyst for this guy who was incredible and an amazing mentor. How do you develop power within a venture capital firm?

Founder 68

Founder Lean Venture Capital Cofounder 68

The Next Web

MARCH 2, 2014

This was reported as being untrue by British Private Equity & Venture Capital Association (BVCA) about a year ago. This is a representation of 2003 – 2013. External constraints or the lacks of resources (finance, skills, business idea) are relative minor reasons. It scares them to try.

Europe 163

Europe South Korea San Francisco Portugal 163

Feld Thoughts

JULY 19, 2018

I remember when, in a period of about six months, the ceiling on seed financings vanished. Suddenly every company was raising a seed financing of at least $5m, regardless of the experience of the team. For anyone that remembers 2000-2003, this obviously ended badly. I view this is a significant negative indicator.

Early Stage 105

Early Stage Seed Stage Valuation Finance 105

The Startup Magazine

NOVEMBER 13, 2018

Holmes founded a company known as Theranos in 2003 when she was just 19 years old. Carlson founded Polychain Capital in 2016. Venture capital firms Sequoia Capital and Andreessen Horowitz among others put $15 million into it. Peter is the founder of Bay Street Capital Partners. Today, he is worth $1.5

Cofounder 141

Cofounder Venture Capital India Valuation 141

Both Sides of the Table

JUNE 5, 2011

2007, 2011) and for the hottest of companies and in bad markets for fund raising (2003, 2008) prices test the bottom end of the range. That’s the deal you get when you’re raising in a good market for startup financing. There is no such thing as a uniform price. That’s fine. I’m a VC so I have an obvious bias.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

reidhoffman.org

NOVEMBER 12, 2013

Friendster was at its height, strongly battling MySpace after raising its premium round from Benchmark and Kleiner in the fall of 2003. You may happen to emphasize the right points that pique an investor’s interest, but you shouldn’t leave your financing up to chance. Second, understand the broader financing climate.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

David Teten

MARCH 12, 2012

Fitness/life guru Tim Ferriss just posted my guest article on ff Venture Capital ‘s approach to building a fitness office. UPDATE: ff Venture Capital was recently profiled in The Roger, an online magazine that profiles creative workspaces. According to a 2003-2004 U.S. Thanks Tim!)

Product 166

Product Portfolio Venture Capital Vesting 166

Growthink Blog

OCTOBER 1, 2014

Last week , I wrote about the strong ambition across the globe to have a "Silicon Valley of One''s Own," and to replicate the otherworldly innovation of a region that has produced more than 75% of the World’s Unicorns - technology companies started since 2003 that now have valuations of more than $1 billion. trillion in cash held by big tech.

Silicon Valley 63

Silicon Valley Private Equity Venture Capital IPO 63

Gust

SEPTEMBER 17, 2014

Me: So, you raised venture capital? Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. On the phone ….

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

YoungUpstarts

JUNE 28, 2012

chief, came to the rescue in 2003 and helped turn the company around for the better. Their patience paid off months later when big name venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital invested $25 million in Google. Believe it or not, but the uber successful retailer, J. TOMS Shoes.

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Bankruptcy Texas Naming Venture Capital 180

Agile VC

NOVEMBER 13, 2012

There are some obvious structural reasons why a shakeout in the venture capital industry takes a long time. There was a healthy amount of capital ($20-30B annually) invested in VC funds during the 2003-2008 timeframe. 2) Rebirth of Some Firms - Mobius Venture Capital is now defunct.

LP 154

LP Portfolio Venture Capital IRR 154

Austin Startup

MARCH 7, 2021

in the last four years we’ve seen a 250% increase in venture capital funding and have doubled the number of startup development organizations in our community.” It is the tech hub of Texas and has the most local venture capital and attracts the most venture capital. billion invested across the state.

Texas 90

Texas San Antonio Houston Dallas 90

Professor VC

JUNE 6, 2008

Hvide analyzed 6,800 companies that started between 1996 and 2003 in Norway. The Most Important Venture Capital Statistic. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. Venture News. ► July. (1). 2 weeks ago.

San Jose 28

San Jose Technical Review Norway Angel Investor 28

Gust

NOVEMBER 4, 2011

Entrepreneurs and investors who have spent any time dealing with convertible debt seed financing transactions are likely to have encountered the subject of valuation caps. The cap is irrelevant if the next equity financing is at a valuation below the cap amount.) was spun out, and the valuation was set by that financing round.

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Campus Entrepreneurship

JANUARY 18, 2012

Including the current class of fellows, 138 awards have been made since the program was created in 2003. Egan, University of California, Berkeley “Rights to Valuations in Venture Capital Backed Startups: The Effects of Reputations” Erik P. Gilje, Boston College “Does Local Access to Finance Matter?:

North Carolina 43

North Carolina Maryland Michigan Los Angeles 43

Bryce Dot VC

SEPTEMBER 28, 2015

These notions of an independent ethos don’t map that well to what we know about venture capital, which is a very staged and formulaic way of building a company. As a venture funded startup, you’re supposed to operate a certain way. Because venture does provide a lot of good things to a bunch of really great companies.

Venture Capital 40

Venture Capital Valuation Los Angeles Chicago 40

Steve Blank

SEPTEMBER 16, 2015

Frank has spent 20+ years in technology companies and venture capital, working at Lucent , Sun Microsystems , Apple and NeXT. — Frank Sculli co-founded of BioDigital , in 2003 to build a kind of flight simulator for doctors that would be used to train them in specific medical procedures.

Silicon Valley 120

Silicon Valley Entrepreneur Cofounder Investment Bankers 120

Growthink Blog

APRIL 12, 2017

And yes Tesla is young (founded 2003) and General Motors is old (founded 1908). Tesla's brand, even after just a few short years in business, ranks alongside Porsche, Mercedes, and BMW as one of the most valuable in the world, and its Model S was famously rated as “the best car Consumer Reports had ever tested,” with a perfect 100 score.

America 48

America Revenue Technology Cost 48

VC Cafe

FEBRUARY 1, 2011

in 2010, and for employees in the banking, finance and insurance sectors 64%. Israel’s Koor Industries, an investment company with holdings in Israeli telecom, defense electronics, agro-chemicals and venture capital markets, will retain 40% of the maker of fungicides, pesticides and herbicides. in Haifa in 1974.

Architecture 92

Architecture Dividend Minneapolis 92

Seeing Both Sides

OCTOBER 6, 2014

Your venture capital investors and many early employees head for the door and you are left holding the bag. After a lot of ups and downs, twists and turns, it feels like a massive victory (aka "Mission Accomplished", as George Bush famously declared regarding Iraq in 2003). By that time, your team will be exhausted.

IPO 39

IPO Turkey Churn Rate Stock 39

www.readwriteweb.com

OCTOBER 18, 2010

You have heard, I am sure, that venture capitalists only invest in very large market opportunities - $500 million to $1 billion. So, please note the TAM Analysis is a vitally important aspect of building any financing strategy. Raymond is wondering why he cannot attract financing.

Marketing 52

Marketing Bootstrapping Incubator Angel Investor 52

www.readwriteweb.com

OCTOBER 18, 2010

You have heard, I am sure, that venture capitalists only invest in very large market opportunities - $500 million to $1 billion. So, please note the TAM Analysis is a vitally important aspect of building any financing strategy. Raymond is wondering why he cannot attract financing.

Marketing 52

Marketing Bootstrapping Incubator Angel Investor 52

Scalable Startup

JULY 19, 2011

Great PR and finance firms, but not many startups. In 2003 Electronic Arts actually moved their headquarters from Silicon Valley to Playa Vista, an crazy move at the time, and accelerated their growth as a result. Venture Capital from Northern and Southern Cal is flowing into the L.A. That has all changed.

California 20

California Southern California San Francisco Silicon Valley 20

www.readwriteweb.com

FEBRUARY 23, 2010

Venture capital mean board meetings, which is a huge sap on time and resources. Photo credit: althecat See Also The Startup Financing Dating Game: Courting Potential Investors Be Prepared! Advice for Startups Entering the Mobile Sector Inside the Mind of an Early Stage Venture Capitalist Need Startup Office Space?

Entrepreneur 69

Entrepreneur Venture Capital San Francisco New Zealand 69

Both Sides of the Table

JANUARY 16, 2012

I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. These include building products, recruiting, managing your finances, marketing, selling, getting feedback from customers and … fund raising. So why would raising venture capital be any different.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Both Sides of the Table

MARCH 1, 2011

Around 2003, Quigo was doing tens of millions of dollars in revenue with two main products: a ready-to-use, search engine marketing solution for advertisers called FeedPoint and a contextual advertising platform for publishers called AdSonar. The Union Square Ventures partners started whispering in his ear that “it’s all about social now”.

Semantic 302

Semantic Acquisition Valuation Angel Investor 302

Software By Rob

SEPTEMBER 1, 2011

Opting to eschew the traditional road of venture capital funding, Tom worked both at GitHub and at a full time job, while Chris and PJ consulted on the side. From it’s humble beginnings in 2003 in Seidle’s living room, SparkFun has grown into a favorite supplier for the increasing popular “Maker” community.

Bootstrapping 78

Bootstrapping Startup Cofounder Salary 78

abovethecrowd.com

FEBRUARY 27, 2019

Four years later, in May of 2003, they launched Taobao Marketplace, Alibaba’s answer to eBay. They have helped 2,000 substitute teachers get in the classroom in 2018, including 400 educators who earned permits, which Swing willingly financed.

Internet 88

Internet Matching Vertical Hosting 88

Both Sides of the Table

MAY 7, 2011

Sometime around 2003/04 my technology team turned me on to “Spolsky on Software&# a periodic newsletter served up blog style from Joel Spolsky of FogCreek Software, a maker of bug-tracking software. There’s a big business in Finance working with Excel, but that’s an outlier. Fog Creek now has 35 people.

Software Review 285

Software Review Software St. Louis API 285