Agile VC

MAY 26, 2011

A lot of people ask me what it was like raising the Series A round for LinkedIn back in 2003. I thought I’d revisit it and share the story… First, you have to rewind mentally to early 2003. Ok, now you have the context for early 2003. He provided our initial seed funding to launch the website publicly on May 5, 2003.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Hearpreneur

SEPTEMBER 9, 2022

The company didn’t turn a profit until 2003, but by 2005 business was booming – Netflix was shipping out a million DVDs daily. Over the years, despite massive losses, Netflix was able to bounce back and improve its revenue by 47%. Netflix was founded in 1997 by Reed Hastings and Marc Randolph to combat late fees for video rentals.

Entrepreneur 97

Entrepreneur Bankruptcy Southern California South Africa 97

Both Sides of the Table

APRIL 4, 2011

I ran my first marathon in London this way in 2003 raising $3,000 for Parkinson’s disease (and finishing in under 4 hours – my publicly stated goal). Measuring viral adoption is obviously important. Revenue Metrics. Revenue metrics are one of the first things I ask for from the startups in which I invest.

Metrics 346

Metrics Startup Acquisition SEM 346

Both Sides of the Table

JULY 16, 2013

I remember just a decade ago in 2003 when we all laughed at how dumb people in the 90′s were talking about the race to “capture as many eyeballs as possible” before your competition. The company with no revenue and a $150k burn rate that raised $2.5 I have seen much of that behavior over the past 2 years get worse.

Burn Rate 412

Burn Rate Dilution Revenue Valuation 412

Software By Rob

JANUARY 25, 2012

And the funds came from revenue generated by my portfolio of web applications and websites that I’ve built over the past several years. Depending on your market, the ROI can be better any other traffic source you can find (with viral traffic the most common exception).

Acquisition 63

Acquisition Software Review Fresno Algorithm 63

VC Cafe

JULY 27, 2017

According to the Interactive Advertising Bureau, podcast industry ad revenue will reach $220 million in 2017, up 85 percent from 2016’s $119 million ( source ). Serial exploded in popularity and spread virally. The show starts with the history of Podcasts and ends with where they may be headed.

Audio 109

Audio Silicon Valley Curation Cofounder 109

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. we had no revenue. Friendster raised a big round in 2003; MySpace started gaining traction. We are the leader in the professional domain with viral growth. Investors see a lot of pitches.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111