View from Seed

JANUARY 26, 2016

For reference, First Round Capital and Softech were founded in 2004 (although they were less institutional early on), Floodgate in 2006, Harrison Metal in 2008, etc. Third, founders at this stage have an incentive to minimize dilution at the point when their equity is the least valuable.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Ben's Blog

JULY 16, 2013

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. 3/31/1999: 49.7.

Down Round 78

Down Round Marketing Preferred Stock Post-Money Valuation 78

Ben's Blog

AUGUST 17, 2020

When Salesforce went public in 2004 as a new kind of CRM provider, its S-1 indicated the CRM applications market was $7B. Ignoring dilution and balance sheet changes, Company Awesome would have made investors ~13x, while Company Good would only have returned ~2x. Not too shabby!

Valuation 36

Valuation Balance Sheet Cofounder Forecast 36

Ben's Blog

JULY 16, 2013

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 3/31/1999: 49.7 3/31/2000: 73.4

Marketing 46

Marketing Preferred Stock Post-Money Valuation Down Round 46

Both Sides of the Table

APRIL 27, 2010

I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). But the firm that funded my first startup was loyal to me for having stuck around in what they knew to be pretty tough times and having suffered much dilution. I learned how to better run a product management process.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

Professor VC

JUNE 20, 2011

Since the iControl system chronicles all meetings, I was able to find the automatic picture snapped from my first meeting with the founders, Reza Raji and Chris Stevens on April 22, 2004. I took a look back at our original financial model we presented to VCs in 2004. So what does this all mean.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Gust

MAY 24, 2012

This is nothing new; long favored by family-controlled media empires such as Rupert Murdoch’s News Corporation , among Internet firms alone, Google took a dual-class approach when going public in 2004.

IPO 159

IPO Equity Common Stock Stock 159

Duct Tape Marketing

APRIL 7, 2022

And it, it maintains a high enough level of fidelity that you get insight, but you get, you're able to do that because you've reduced what I call client dilution, the amount of clients that a single person has to work on in a given day, which makes that a feasible model. Anyway, they get to do it.

Cofounder 76

Cofounder Hosting Networking Software Review 76

NZ Entrepreneur

JULY 8, 2019

If a valuation is too low, the founders become over-diluted over time and will struggle to do a later series A or B raise if they’re sitting at single digits – global venture capitalists (VCs) won’t touch this scenario. This often carries the double whammy of dilution. Valuations. Taking the smartest possible money.

New Zealand 42

New Zealand Entrepreneur Valuation Dilution 42

ConversionXL

JANUARY 18, 2022

You don’t want to overwhelm followers or come across as inauthentic and dilute your brand. When Facebook first launched in 2004, it was text-only. To stay top-of-mind, extend consistency to how often you share content. Posting cadence can be a tricky thing to get right. You also don’t want followers to overlook you or forget about you.

Social Media 145

Social Media Audience Media Marketing 145