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. Was this a lost decade for venture capital? The power-law curve is when the distribution of returns is heavily skewed.

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

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. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

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. Was this a lost decade for venture capital? The power-law curve is when the distribution of returns is heavily skewed.

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

VC Cafe

MAY 23, 2023

As I mentioned in my post on the LLM Benchmarking , venture capital investment in AI startups was down 43% in Q1 2023. But the number of apps kept multiplying (there are 500-600 new games introduced to the app store every day vs. a few dozen in 2008 or so when the iPhone came out). What else do we know?

Generative AI 165

Generative AI Artificial Inteligence ChatGPT API 165

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. Was this a lost decade for venture capital? The power-law curve is when the distribution of returns is heavily skewed.

Valuation 156

Valuation Pre-Money Valuation Distribution Early Stage 156

Both Sides of the Table

JUNE 18, 2010

What a pleasure that I got to spend an hour talking with both Om Malik (whom I’ve always respected his views) and Paul Jozefak , a venture capital partner at Neuhaus Partners in Germany (and formerly the head of Europe for SAP Ventures). Network of vertical focused sites: BeachMint, BeachMint, WineMint, etc.;

Venture Capital 225

Venture Capital Non-Compete Vertical Europe 225

Startup Lessons Learned

AUGUST 24, 2009

One is explaining the world as it used to work: the importance of gatekeepers, the scarcity implied by limited distribution, and the resulting quality bar that the industry is so proud of. Mostly it is the time and expense required to create the means of distribution for that industry. It’s just taking some longer than others.

San Francisco 113

San Francisco Lean Technical Review Distribution 113