Agile VC

MAY 26, 2011

AGILEVC My idle thoughts on tech startups. I thought I’d revisit it and share the story… First, you have to rewind mentally to early 2003. Google is still a private company (their IPO was Aug 2004). Salesforce.com is a startup with 76,000 subscribers (over 2.1M conference happened at the end of 2004).

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

View from Seed

SEPTEMBER 14, 2021

Warning – this assumes some basic knowledge of VC performance metrics. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Both early- and late-stage startup valuations are currently elevated. Ok, let’s jump in. State of VC: are we in a bubble?

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

reidhoffman.org

NOVEMBER 12, 2013

What I’ve honorably been able to do, however, is share the deck I used to pitch LinkedIn to Greylock for a Series B investment back in 2004. the consumer internet landscape in 2004 vs. today. In 2004, the consumer internet was just beginning to rebound. In 2004, investors regained interest in the consumer internet again.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

View from Seed

SEPTEMBER 14, 2021

Warning – this assumes some basic knowledge of VC performance metrics. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Both early- and late-stage startup valuations are currently elevated. Ok, let’s jump in. State of VC: are we in a bubble?

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

View from Seed

SEPTEMBER 14, 2021

Warning – this assumes some basic knowledge of VC performance metrics. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Both early- and late-stage startup valuations are currently elevated. Ok, let’s jump in. State of VC: are we in a bubble?

Valuation 156

Valuation Pre-Money Valuation Distribution Early Stage 156

500hats.com

AUGUST 2, 2012

It’s no coincidence we designed 500 Startups with these evolutions in mind, altho none of the required strategies have been easy to execute and we are still refining our approach. In short, we were a lot more geeky than the previous generation of fund managers , and we started blogging a lot about tech startups and best practices.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Startup Lessons Learned

SEPTEMBER 14, 2008

But the early customers all compared it to MySpace. This was 2004, and we had never even heard of MySpace, let alone had any understanding of social networking. Today, when I talk to startup founders, the most common answer I get to the question "do you talk to your customers?" The Lean Startup Intensive is tomorrow at Web 2.0.

San Francisco 131

San Francisco Customer Lean Continuous Deployment 131