Austin Startup

NOVEMBER 25, 2018

Although bootstrapping is still an approach in Austin, a lot has changed since I wrote my original challenge to the Bootstrap Austin group back in 2005. Groups list on March 15, 2005. I don’t think we could have built a business as ambitious as data.world without VC and angel backing, and we’ve raised $45.3m

Bootstrapping 48

Bootstrapping Austin Equity Cofounder 48

Steve Blank

FEBRUARY 26, 2020

Luckily, I teach with two great VCs, Mar Hershenson of Pear Ventures and Jeff Epstein of Bessemer Venture Partners who both put together presentations unraveling the mysteries of how and why startups raise money. What was a Series A round in 2005 is now a pre-seed or seed round. Step 4: Series B – you raise $10-$50M.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

The Equity Kicker

SEPTEMBER 5, 2014

Accelerators have sprung to prominence since Y C was founded in 2005 because for the first time companies can do something meaningful with the small amounts of money they invest. I’ve written about this before, so apologies for repeating myself, but Forward Partners offers another way. Forward Partners Startup general interest'

Cofounder 138

Cofounder Founder Partner Equity 138

Agile VC

APRIL 17, 2011

Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. round closed Feb 2005. Led by Oak Investment Partners with participation by General Catalyst, Sequoia, & Accel and others.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Both Sides of the Table

JUNE 22, 2011

But this mania to not miss out on the next big thing is driving some investors to pay growth-equity prices for traditional market risk (as in, they’re paying up before it is clear there is product / market fit). So at GRP Partners we’re very active now. And well they should be. And so on down then line.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Both Sides of the Table

MAY 5, 2011

I know it’s not single-handed as he has both fantastic partners at Foundry Group and many other community leaders. When I saw what BuddyTV is working on and how long they’ve been the market (since 2005) I realized that this has huge potential to help disrupt the television market. My recipe for Seattle or your community: 1.

Seattle 317

Seattle Silicon Valley Technical Review Los Angeles 317

www.vccafe.com

MARCH 11, 2013

Hundreds of startups featured since 2005, will yours be next? YCombinator Series AA Equity Financing Documents. Mark Suster GRP Partners Advice. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. Philippe Botteri, Bessemer Venture Partners. Seed Startups. Alibaba.com.

Software Review 53

Software Review Technical Review Startup 53

www.singlefounder.com

OCTOBER 23, 2010

Myth #3: I need a partner. It’s a common belief that having a partner allows a company to become more successful because the duo can feed off each others’ ideas and make them better. Partners can not only feed off each other, but they will help bolster one another when the going gets tough. Really big. Filo and Yang.

Software Review 40

Software Review Software Startup Massachusetts 40

Startup Professionals Musings

OCTOBER 26, 2010

of startup businesses as far back as 2005. How can you beat finding someone who has been there and done that, able to mentor Gen-Y, has lots of connections to people in your industry, and is often willing to work for equity alone? They have the maturity and sophistication to deal with your demanding executives and partners.

Advisory Board 189

Advisory Board Angel Investor Equity Salary 189

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY. the 1990s.

Private Equity 68

Private Equity Merger IPO Equity 68

The Equity Kicker

JULY 8, 2019

From around 2000, and perhaps coinciding with the need to work harder to win deals as opportunities dried up after the internet bubble burst, individual partners at VC firms began adding ‘helping CEOs win’ to their job descriptions. . Value add strategies make partners at VC firms more personally effective. Building platforms.

Portfolio 84

Portfolio LP Venture Capital Partner 84

VC Cafe

NOVEMBER 3, 2010

owing to projected weakness in the economies of Israel’s main trading partners, the United States and Europe. Dapper currently partners with Sunnyvale, California-based Yahoo and following the acquisition its development center in Ramat Gan will become Yahoo’s development center in Israel.

Bandwidth 79

Bandwidth Framework Forecast 79

VC Cafe

OCTOBER 26, 2010

It is said to be a private equity round and at this stage it is unclear if previous investors will be allowed to participate (or just get diluted). PrimeSense was founded in 2005 by Aviad Meizlos, Ofir Sharon, Dmitri Reiss, Alex Shpunt and Tamir Berliner. Ynon Beracha serves as the company’s CEO.

Private Equity 111

Private Equity Dilution Valuation Differentiation 111

Both Sides of the Table

JUNE 12, 2010

Spark Capital is relatively new to VC (founded in 2005) yet has become one of the hottest new VCs having invested in Twitter, Tumblr, AdMeld, Boxee, KickApps and many more companies. Current round: $31.0mm in Series C by Insight Venture Partners (Jeff Lieberman). Our guest was Mo Koyfman of Spark Capital. Read more: TechCrunch.

Venture Capital 217

Venture Capital Los Angeles Oakland Asia 217

Up and Running

AUGUST 1, 2017

What a lot of startup founders don’t realize is that when you take on VC funding, you also take on business partners. Venture capitalists essentially buy equity in your brand, which means they now have a say in how you operate. If you’re looking to bring on a partner and money, venture capital might be the right fit.

Venture Capital 113

Venture Capital Cofounder Finance Security 113

The Equity Kicker

JUNE 23, 2016

The first thing to happen was that the bar for a Series A went up – unsurprising given that startups could now get much further with pre-Series A amounts of capital (2005-2010). That created a gap in market which sub $100m dedicated seed funds (aka micro-VCs) stepped into – there are now over 300 of them (2005-2016).

Seed Stage 97

Seed Stage PR Portfolio Operations 97

Startup Lessons Learned

JUNE 19, 2019

In 2005, he retired to focus on giving back, beginning by teaching technology entrepreneurship courses at Stanford, becoming a trustee at the University of Pennsylvania (which he attended undergrad), and funding cancer research with his wife. It was a lot less appealing to me to be a growth equity investor, but that's not why I retired.

Silicon Valley 159

Silicon Valley Lean Venture Capital Pre-Money Valuation 159

Gust

NOVEMBER 4, 2011

In brief, a cap acts to place a limit on the conversion price of a convertible note such that investors are guaranteed a minimum number of shares for their bridge loans if the startup does a priced equity round at a high pre-money valuation – “high” meaning above the cap, which is often a heavily negotiated term. (The

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Hearpreneur

JUNE 24, 2018

For example, through our women’s empowerment pillars of Entrepreneurship, Education & Equity – or as we call it, WE3, Community Commerce now invests in underserved women in each of these areas via supplier partnerships, fellowships, scholarships, mentorships and other resources. Thanks to Josh Rubin, Post Modern Marketing ! #7-

Entrepreneur 48

Entrepreneur Community Leadership Canada 48

500hats.com

AUGUST 2, 2012

Or, as my friend Marc Andreessen might say, Software Eats the Private Equity World. A few years before all this scandalous VC behavior occurred, in 2005 Paul Graham ) started Y Combinator. However, all three shifts are related and can be summed up simply as: Geeks are Taking Over Venture Capital. Mega VC, Micro VC.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

The Equity Kicker

MARCH 19, 2012

As a reminder, LPs, or limited partners, are the investors in venture capital funds. The data shows that there were over 150 such exits for US companies, up from around 100 per year in the previous peak in 2005-2007, whereas Europe has yet to exceed the 40 or so deals at this level we were seeing at that time. Manager update.

LP 97

LP Europe Portfolio Private Equity 97

www.businessinsider.com

SEPTEMBER 6, 2012

Google Ventures managing partner Bill Maris strongly denied Grahams accusations, calling them "patently absurd.". " Many if not most seed investments in startups these days are done in the form of convertible debt, which is a loan that can convert to equity in a subsequent financing. Thanks to our partners. Its just not true.

Silicon Valley 54

Silicon Valley Startup Valuation Venture Capital 54

David Teten

MAY 16, 2011

Geleerd acquired the stadium out of highly publicized bankruptcy and turned around its financial position and ultimately engineered the sale back to the Toronto Blue Jays in 2005. Mr. Geleerd has been a member of YPO since 2000. In addition Geleerd was recognized by Crain’s Business Chicago 40 Under 40.

Naming 122

Naming Government Intellectual Property LLC 122

Feld Thoughts

SEPTEMBER 8, 2010

In many cases, the consequences for not participating are significant and you can get a taste for this from the post on the term Pay-to-Play that my partner Jason and I wrote in 2005.

Entrepreneur 133

Entrepreneur Angel Investor Early Stage Pay to Play 133

Austin Startup

JUNE 19, 2018

While not as imbalanced as physics, there were still more men then women that advanced to the partner track. Geoffrey passed away on November 17, 2005, but to this day I use the lessons and inspirations from him daily. CEO/Managing Partner Sputnik ATX Austin, TX ? —?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?–

Ukraine 48

Ukraine Pennsylvania China Austin 48

Both Sides of the Table

APRIL 14, 2010

Many companies that are raising B or C venture capital rounds right now raised their initial money in 2005-2008. If you want to raise venture capital more easily the advice could be quite practical and counter-intuitive. It is 2010. That means that they likely raised money at a particularly high price relative to 2010 prices.

Venture Capital 289

Venture Capital Liquidation Preference Common Stock Dividend 289

Altgate

APRIL 22, 2009

  Not surprisingly, WSGR Partner Yokum Taku, who I've previously written about , is the key co-conspirator behind making this tool public.    There are three categories (startup, equity financing and bridge loans) so we can expect more to come.   Building that must have been crazy. . 

Term Sheet 52

Term Sheet Intellectual Property Venture Capital Hawaii 52

Duct Tape Marketing

OCTOBER 2, 2017

Again, just the review equity from this alone make podcast guesting worth it. Podcast guesting is so valuable, in fact, that I partnered with John Jantsch to create a podcast booking service called Podcast Bookers. One of the things I’ve done, that most guests don’t, is send a request for review feedback right after the show.

Kansas City 58

Kansas City Kansas SEO Marketing 58

The Equity Kicker

APRIL 13, 2017

If I was to pick a watershed moment in the emergence of ‘entrepreneurship as a science’ it would be the publication of Steve Blank’s Four Steps to the Epiphany in 2005. It’s not the easiest read, but for the first time founders had a playbook they could follow.

Lean 90

Lean Startup Silicon Valley Venture Capital 90

David Teten

JUNE 7, 2011

Mr. Berk graduated from Emory University and began his career trading equities (not tools or electronics). Mr. Black came to New York in 2005, founded SustainabiliTV.com, producers of ‘The Business Case for Sustainability’ and produced several important films in Darfur and Nepal. Adam Berk, Founder of Neigh*borrow.

Darfur 122

Darfur Sudan Cofounder United Kingdom 122

Altgate

MAY 1, 2009

I’m a visual person so here’s how I see it: Entrepreneurs start companies and the founders (“F&# in my chart) invest capital which they grow with sweat equity and then limited partners (“LPs&# ) invest capital via VCs which in turn grows the pie to the eventual “exit&# (which comes in the form of M&A or IPOs).

Sweat Equity 28

Sweat Equity Private Equity IPO Venture Capital 28

Reid Hoffman

JANUARY 20, 2013

My partners at Greylock and I have invested in a number of young founding CEOs who match this pattern and are doing a fantastic job leading their companies through hypergrowth, such as Brian Chesky of AirBnB and Drew Houston of Dropbox. James Slavet, a partner at Greylock, introduced me to Jeff Weiner.

Founder 78

Founder Hiring Cofounder Hawaii 78

techcrunch.com

OCTOBER 23, 2010

In Meebo’s case, for example, I was lucky enough to partner up with Elaine and Sandy. No looking for partnerships (who’s going to partner with you anyway?). Trust me, once you’ve launched and achieved traction, you’ll have your pick of mentors, VCs, partners and all the legal expenses you need. Partner up? No legal muck.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

www.paulgraham.com

APRIL 28, 2010

November 2005 Venture funding works like gears. The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains. Not all the people who work at VC firms are partners. Its the partners who decide, and they view things witha colder eye.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Altgate

JANUARY 4, 2009

We’re already starting to see layoffs at the large private equity funds where Blackstone , Carlyle and American Capital announced staff cuts between 7% and 19% in December. Those first to be cut will be the associates and principals at the larger funds, but expect to see some partners leaving as well.

Venture Capital 28

Venture Capital Term Sheet Private Equity Early Stage 28

Altgate

DECEMBER 22, 2008

An interesting nugget from Fred’s post : Eric Archambeau of Wellington Partners was on the panel and he described some research work he and some associates did a while back. You know how when you’re benchmarking public equities the data sets always leave out performance from the 1929 crash and most of the following decade?

Europe 28

Europe Washington Venture Capital Equity 28

www.currentlyobsessed.com

MAY 28, 2010

The net effect was more money raised, higher valuation and the same percentage of equity sold. cthomaschase i was not, however my partner jeff did a session and there were a bunch of people from the team there. It was baffling at first until I realized that valuation is an output and that the focus is on future value. (To

Valuation 42

Valuation Channel Pre-Money Valuation Term Sheet 42