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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Last week ZipCar began trading and has a market cap of about $1 billion. Founding Date: 2004. Only 7% of the search queries are performed by users referred by search engines, meaning Kayak’s brand is very strong and they continue to build it ($39M spent in 2010 on brand advertising, nearly $92M in total marketing spend).

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Capital Market Climate Change

Ben's Blog

What about the efficient market hypothesis? Aren’t markets rational? If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/31/2004: 31.6. In June of 2000, I raised money at an $820M post-money valuation.

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Capital Market Climate Change

Ben's Blog

What about the efficient market hypothesis? Aren’t markets rational? If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/31/2004: 31.6 In June of 2000, I raised money at an $820M post-money valuation.