Feld Thoughts

JULY 31, 2013

In late 2006, Zayo was a pure start-up headquartered behind Nick and Willy’s on 8th and Pearl. In June of 2006, we sold what remained of ICG Communications to Level 3. By the time we sold to Level 3, our total proceeds to equity owners and management were $225M. of debt and $870M in equity in three rounds.

Bandwidth 147

Bandwidth Colorado Startup IRR 147

Steve Blank

SEPTEMBER 14, 2009

3) invest in and take equity stakes in exchange for capital. The boom in Internet startups would last 4½ years until it came crashing down to earth in March 2000. For the next four or five years, technology M&A boomed, growing from 50 in 2003 to 450 in 2006. Each VC firm/partner has a different spin on what to weigh more.)

Silicon Valley 235

Silicon Valley IPO Technical Review Venture Capital 235

The Startup Magazine

JANUARY 7, 2019

Eventually the private equity firms and multinationals take over and it becomes harder for a marginally-funded startup entrepreneur to compete, but for that brief, glorious time, the opportunities seem endless. Those who are lucky enough to strike during that narrow window of time will go on to define the industry they helped create.

Private Equity 101

Private Equity China Equity Bootstrapping 101

Both Sides of the Table

JULY 10, 2010

Michael is a very accomplished corporate executive in his own right having run Sega Gameworks and helped IPO EuroDisney as well as having been on the founding team of DreamWorks SKG (where he helped them raise their first $900 million in equity). Founded in 2002 and expanded after founders graduated from CMU in 2006. We discussed: 1.

IPO 242

IPO Venture Capital Private Placement Cofounder 242

Cracking the Code

MARCH 12, 2010

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. 4) Cash balance increase indicates a focus on M&A to drive further growth The past few months have also been marked by a few high profile equity and debt announcements - most notably SuccessFactors, Taleo and Saleforce.com.

Software Review 63

Software Review Technical Review Cloud Forecast 63

The Equity Kicker

JANUARY 21, 2014

billion, 2006. Google stands out as perhaps the most prolific acquirer of internet businesses in recent years, yet they have only made four deals over $1bn (or five if you include Waze) and two of those (Motorola Mobility and DoubleClick) were mature businesses rather than startups. YouTube – $1.7 Waze – $966 million, 2013.

Acquisition 103

Acquisition IPO Mobile Internet 103

The Equity Kicker

DECEMBER 12, 2013

Firstly the advertising shift from TV to the internet has started and the trend will only be one way from here. Their $1.7bn acquisition of YouTube in 2006 now looks amazingly prescient. YouTube is now at 1.7% of global digital advertising spend – more than Twitter. For me there are two big takeaways. Google TV'

Revenue 96

Revenue Forecast Advertising Acquisition 96

David Teten

MAY 16, 2011

He joined Oversee in 2006 as Executive Vice President respon sible for DomainSponsor, the company’s industry-leading traffic monetization business. Prior to joining Oversee, he spent 10 years in executive leadership positions building SaaS-businesses that leveraged the power of the Internet as a platform for growth and efficiency.

Naming 122

Naming Government Intellectual Property LLC 122

David Teten

FEBRUARY 6, 2013

Balloch’s 20+ year career prior to becoming an angel investor was in financial services both in the private equity world- fundraising and investor relations, and in investment banking. Susan Balloch is a Managing Director of Golden Seeds, an angel fund that invests in early stage companies founded or led by women.

Private Equity 114

Private Equity North America Cofounder Angel Groups 114

rob.by

MARCH 8, 2012

” I believe that by this he means they want cash rather than equity. My hunch is that most good software engineers only work for cash because they don’t feel that working for equity is worth the risk of failure. © 2006-present Robby Grossman. I absolutely want cofounders when the time comes. Expository (1).

Technical Cofounder 42

Technical Cofounder Cofounder Software Engineering Fractional CTO 42

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 by February 2006).

Valuation 98

Valuation Pre-Money Valuation Merger Vesting 98

Agile VC

JULY 19, 2012

In the midst of the internet & telecom meltdown at the beginning of the 2000s, as a firm CRV realized there were insufficient opportunities to profitably invest $1.2B. For example FRC launched a founders equity exchange fund and various programmatic forms of knowledge sharing like list serves, CEO summits, conferences, etc.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

Cracking the Code

JANUARY 22, 2009

Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. If you assume a 20% cost of capital (typical for equity, debt is generally cheaper), then getting an upfront payment for one additional year on a $10k MRR contract saves you $24k. internet. (6). ► 2006. (7).

Software Review 91

Software Review Clawback Sales Salary 91

David Teten

JANUARY 10, 2012

Mr. Fralic has 25 years of technology industry experience, with significant Internet business development roles since 1996. Prior to joining First Round in early 2006, Mr. Fralic was VP of Business Development at social bookmarking and tagging company del.icio.us through the Yahoo! acquisition.

Portfolio 122

Portfolio New York Social Bookmarking Philadelphia 122

David Teten

JANUARY 10, 2012

Mr. Lindzon’s new media and internet business investments also include: Limos.com, Blogtalkradio.com, Buddy Media, Ticketfly, Assistly, Bit.ly Michael was the lead research analyst for the IPOs of Internet companies like UUNET, Yahoo!, Mr. Parekh serves on various advisory boards of start-up internet companies.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Gust

NOVEMBER 23, 2011

As I write this, Congress is teetering on the brink of passing the most disastrously ill-conceived law in the 18-year history of the commercial Internet, SOPA. In 2011, virtually every new consumer Internet startup incorporates a social/UGC element. (See this blog post for a full discussion.).

IPO 110

IPO Prospectus SEC Intellectual Property 110

David Teten

FEBRUARY 3, 2014

It might appear that origination is becoming much easier because of new tools like AngelList and the SEC moving toward adoption of rules that will allow equity based crowdfunding. We published the full report in the Journal of Private Equity ; it’s now the #2-most viewed article in the Journal’s history. 2006) [iii].

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

venturebeat.com

JULY 12, 2012

The Bing Fund will invest $50,000-$100,000 in early-stage startups, through standard convertible notes (loans that convert to equity at Microsoft’s option). Earlier, Sood was working for Hewlett-Packard, which had acquired his company VoodooPC, a boutique maker of high-end gaming computers, in 2006. ’ (exclusive interview).

Detroit 69

Detroit Incubator Technical Review Venture Capital 69

techcrunch.com

OCTOBER 23, 2010

Here’s the rub: in consumer internet (and often enterprise), if your founding team doesn’t have the chops to get a prototype of your product out and in the hands of a blogger to test and write about, you might as well save yourself a lot of pain – you’re not going anywhere. I don’t know any developers. I need money for the servers.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

Hunter Walker

FEBRUARY 11, 2019

HW: Having been at MySpace 2006-2009 do you have empathy today for what Facebook, Twitter and YouTube are trying to solve (safety and abuse, manipulation)? I’ve also learned that I’m best when I have 14 plates spinning and 18 balls in the air at once. So I’m drawn to opportunities full of those challenges. That’s about all we’ll say for now.

Social Media 117

Social Media Private Equity Government Media 117

VC Cafe

NOVEMBER 3, 2010

PMC-Sierra, a premier Internet infrastructure semiconductor solution provider, is purchasing Wintegra Inc. , In 2006, PMC-Sierra acquired Herzliya-based Passave, a developer of system-on-chip semiconductor solutions for the Fiber To The Home (FTTH) access market, for $300 million. US CHIPMAKER PMC SIERRA ACQUIRES ISRAELI WINTEGRA.

Bandwidth 79

Bandwidth Framework Forecast 79