Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. My experience of 2001-2004 is very remote from what you are describing. What Do VC’s Do? Reply Lee Hower , on September 16, 2009 at 3:38 am Said: Excellent post, thx.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Both Sides of the Table

AUGUST 14, 2011

But I thought I’d use the situation to talk more broadly about some PR lessons you might learn for your own business and also incorporate some situations I’ve faced recently with some portfolio companies. With portfolio companies I’m always involved in the planning phase. We see this in politics all the time.

PR 329

PR Management Startup Vietnam 329

reidhoffman.org

NOVEMBER 12, 2013

It doesn’t matter whether an entrepreneur is in our portfolio, whether we’re considering an investment, or whether we’re casually meeting for the first time. 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. Reid Hoffman.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

David Teten

SEPTEMBER 16, 2014

approx 2004-09. To succeed in the space, angels must have a high risk tolerance, a large bank account to weather losses, and most important, a diverse enough portfolio to handle losing money on most of your investments. Of course, investing in a diversified portfolio is a significant time commitment.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

Feld Thoughts

JULY 25, 2013

Pantheon is one of the Silent Killers in our portfolio – and I’m immensely proud of the progress they are making and excited about their future. I spent a year on the Dean campaign Web Team during the presidential campaign of 2004. Pantheon is building “A big badass platform that will run 30% of the Internet.”

Vermont 165

Vermont Startup Campaign Virginia 165

Both Sides of the Table

NOVEMBER 29, 2010

I learned everything I know about startups in these lean years: 2001-2004. I will quote one portfolio company CEO who said about his office manager, “Mark, this is the most important hire we made last year. I felt like I had survived The Great Depression and I never wanted to go there again.

Warrant 333

Warrant Germany France Cost 333

Up and Running

JUNE 16, 2014

A simple online search should reveal your investors interests as well as the portfolio of companies that he/she has invested in. In 2004, Alexis Ohanian and Steve Huffman launched Reddit. Investigate your investor’s portfolio. As such, they have little time to learn a new industry and to make contacts within that industry.

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

thebarefootvc

MAY 8, 2012

However, the reality is that I am building a portfolio of investments and, like Brad, I believe in being an active and helpful investor. As an entrepreneur at heart, I often innately grasp the potential of entrepreneurs and ideas that I meet with. This takes a lot of time. Money is fast turning into a commodity.

Venture Capital 78

Venture Capital Syndicate Syndication Bandwidth 78

View from Seed

SEPTEMBER 14, 2021

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x).

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

David Teten

MARCH 12, 2012

According to a 2003-2004 U.S. We’re filling it with our own team , plus a couple of startups in our portfolio ( Parsely , Phone.com , some in stealth mode). At the front of the office, we’re creating an office map showing the names of our portfolio companies, and the photos of the employees that work at each.

Product 166

Product Portfolio Venture Capital Vesting 166

View from Seed

SEPTEMBER 14, 2021

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x).

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

This is going to be BIG.

MAY 5, 2023

You can stop making new investments, but it will take years to actually work through your active portfolio companies. To think, I almost didn’t take that 2004 meeting because it was a NYC-based fund. I’ve decided that this is long enough for me—especially given the fact that when you’re in venture capital, you don’t just stop.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

VC Adventure

SEPTEMBER 20, 2019

A few years back I blogged about the hard data behind venture outcomes and the challenge of creating a venture portfolio that produces strong returns.

Marketing 91

Marketing Venture Capital Finance Portfolio 91

Both Sides of the Table

APRIL 13, 2011

In 2004 / 2005 I was starting to get intrigued with user-generated content. You have a company called Oblong (in your portfolio) which is a Minority Report type company. RSS was something that had appeared.” “….I More recently some Chamber of Commerce’s have started to endorse it.”.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

Hunter Walker

JANUARY 24, 2021

And when that company was acquired in late 2020 by another private party, my stock purchased in 2004 turned into cash. Highlighted Homebrew Portfolio Jobs. You see, it was for work I’d performed from 2001–2003 at a startup called Linden Lab, the company behind virtual world Second Life. 04/share if I’m recalling correctly.

Silicon Valley 83

Silicon Valley Equity Vesting Cofounder 83

ConversionXL

JANUARY 18, 2022

He was swiftly followed by Richard Branson and Virgin Galactic in 2004. It helps them audit existing content portfolios (blog posts, landing pages, etc.) You’d think that no one could recreate a product so sophisticated and advanced as space rockets, right? In 2002, Elon Musk created Space X. The solution: build a brand.

Marketing 109

Marketing Social Media Non-Compete Audience 109

Genuine VC

JANUARY 23, 2012

At NextView Ventures, we have a number of companies in our portfolio which are “marketplace” businesses, where buyers and sellers meet to exchange a good or service. And along the way we’ve met with or observed a larger number of seed-stage startups attempting to start them. Brute force a mini-market and expand.

Engineer 201

Engineer Vertical Portfolio Seed Stage 201

Startup Lessons Learned

MARCH 13, 2015

The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything, in agreement with Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC. Copyright © Guy Kawasaki, 2004, 2015.' Excerpted from The Art Of The Start 2.0:

Entrepreneur 60

Entrepreneur San Jose Technical Review China 60

David Cohen

MARCH 30, 2020

One in 2004 and one in 2006. The financial markets quickly gave up more than a trillion dollars. Travel, insurance, and similar industries took huge hits. Sudden change. I started more new companies. One worked, one didn’t. I increased my investing pace. 6% of the workforce lost their jobs during this time.

Founder 174

Founder Valuation Startup IP 174

VC Cafe

FEBRUARY 11, 2020

Their portfolio includes Messari, Opensea.io, and Celo. Shopify Sustainability Fund (founded 2004) – with a market cap of $73 billion, publicly traded Shopify launched a $5 million annual fund to invest in environmental technology fighting climate change.

Balance Sheet 201

Balance Sheet Startup IPO Venture Capital 201

Austin Startup

FEBRUARY 25, 2011

An industry organization like the Wi-Fi Alliance did not fit into the traditional ATI portfolio model, but both organizations saw from the start the mutual benefit that would come from the Wi-Fi Alliance residing within ATI. Wi-Fi Alliance’s launch started a domino effect for Austin’s explosion as a wireless industry hub.

Incubator 54

Incubator Technical Review Austin Texas 54

This is going to be BIG.

MAY 9, 2022

I’ve been asked by portfolio companies and plenty of others about how they should be changing their strategy given the stock market pullback and what they’ve been hearing on “VC twitter”. VCs need to invest to make their returns—and eventually, they’ll want to raise the next fund to layer more fees upon more fees. The incentive is too strong.

Stock 97

Stock Marketing Valuation Later Stage 97

Feld Thoughts

JUNE 20, 2014

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies. Greycroft is the latest firm to raise this type of fund.

Early Stage 147

Early Stage Later Stage Syndicate Syndication 147

View from Seed

SEPTEMBER 14, 2021

That’s a bit of a cautionary tale to VC investors today who might think it’s inevitable that the private value they are enjoying in their portfolios will certainly translate to distributions in the near future. One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x).

Valuation 156

Valuation Pre-Money Valuation Distribution Early Stage 156

500hats.com

AUGUST 2, 2012

One of the earliest and most well-known of the Micro-VC funds was First Round Capital , founded in 2004 by Josh Kopelman , a former entrepreneur who sold Half.com to eBay in 2000. Many of these now-trendy Micro-VC funds began as individual angel investors who gradually grew up and started small funds (myself included).

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Feld Thoughts

JUNE 20, 2014

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies. Greycroft is the latest firm to raise this type of fund.

Early Stage 108

Early Stage Later Stage Syndicate Syndication 108

Agile VC

NOVEMBER 13, 2012

At Risk – Usually starts with a firm beginning to see challenges in large portions of its portfolio, or in keeping the partnership together, or in the viability of the firm’s core strategy as broader markets start to shift (e.g. Well first it’s worth understanding the distinct phases of exactly how a VC firm dies.

LP 154

LP Portfolio Venture Capital IRR 154

Software By Rob

OCTOBER 26, 2010

Within a year, I had a large format camera of my own, a growing portfolio, and a long list of tricks he taught me from his years in the art show business. By 2003, I entered my first show and in 2004 I had a full-fledged business running. I ended up befriending this large-format photographer and learning the ropes.

Java 66

Java Product Software Developers Software Development 66

Gust

NOVEMBER 4, 2011

The early history of MySpace is inextricably intertwined with that of Intermix, a small-cap publicly traded Internet company in Los Angeles where I worked as corporate counsel from 2004-06. Intermix was in a turnaround situation when I arrived in mid-2004, having been delisted from Nasdaq and nearly bankrupt.

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Genuine VC

MARCH 8, 2012

When I first started in the VC business in 2004, I usually shared some reactions with entrepreneurs whenever we passed on pursuing an investment, but I admittedly erred towards communicating generic thoughts that were fairly non-specific but perhaps mildly helpful.

Venture Capital 167

Venture Capital Portfolio Conversion Partner 167

YoungUpstarts

SEPTEMBER 11, 2018

By the year 2004, I had somewhere around 12 rentals. Today, he is an authority in the real estate business, with more than 500 transactions in his portfolio. Things were going really well, and I was loving life.

America 100

America Florida New York New York City 100

crowdSPRING Blog

AUGUST 18, 2010

The organization was founded in 2004 and is supported by corporations, local businesses, literacy agents, magazine publishers and stakeholders, and individuals: The Magazine Publishers Family Literacy Project was conceived in 1994 and incorporated on International Literacy Day, September 8, 2004.

Community 103

Community Programming Social Media Design 103

mashable.com

JUNE 11, 2013

In fact, recent research shows that 75% of startups fail (based on a study of 2,000 startups that received VC funding from 2004 to 2010). Every VC will tell you that they will take meetings with 100% of the companies that their existing portfolio founders recommend. But hard as it may be, dont let that statistic discourage you.

Cofounder 111

Cofounder Technical Review Startup Software Review 111

YoungUpstarts

AUGUST 1, 2012

troops in Iraq in 2004. Eventually he built a portfolio good enough to get him into Columbia’s journalism school. The man behind that screenplay was Mark Boal, a freelance writer who had been embedded with U.S. Mitch Albom.

New York 248

New York Los Angeles Sacramento Iraq 248

Both Sides of the Table

JUNE 28, 2010

When he entered the industry he caught the tail end of the dot com bubble and then was immediately thrust into a 3-year period of “triage&# where VC’s had to deal with problems in portfolio companies. This lasted from about 2001-2004.

San Francisco 230

San Francisco Los Angeles Cofounder SMS 230

online.wsj.com

SEPTEMBER 23, 2012

His findings are based on data from more than 2,000 companies that received venture funding, generally at least $1 million, from 2004 through 2010. He also combed the portfolios of VC firms and talked to people at start-ups, he says. Mr. Dreymann moved his family from Israel in 2004 after co-founding Goodmail in Mountain View, Calif.,

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

BeyondVC

NOVEMBER 25, 2003

for 2004, down from an August 2003 spending survey forecast of 2.3% growth for 2004. Another data point that I look at is how the fund’s 30+ portfolio companies are performing. So it is nice to see that the trend reversed in terms of IT spending, and that it looks like there is a small rebound happening.

Forecast 60

Forecast Software Review Portfolio Security 60