Steve Blank

DECEMBER 7, 2009

Posted on December 7, 2009 by steveblank In my 21 years of startups, I had my ideas “stolen” twice. The initial hypothesis for Epiphany (from my much smarter partner Ben ) was that as departments in the enterprise (manufacturing, finance, customer support sales) became automated, the marketing department would eventually get its turn.

Silicon Valley 225

Silicon Valley Non-disclosure Agreement NDA Startup 225

Startup Company Lawyer

MARCH 14, 2010

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Y Combinator Series AA Equity Financing Documents (by WSGR). under $500K).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

Steve Blank

AUGUST 31, 2009

The first hint lies in its name; this is a product development model, not a marketing model, not a sales hiring model, not a customer acquisition model, not even a financing model (and we’ll also find that in most cases it’s even a poor model to use to develop a product.) 3 , on August 31, 2009 at 12:48 pm Said: [.]

Customer Development 238

Customer Development Developer Customer Silicon Valley 238

Both Sides of the Table

JULY 23, 2014

The “big boom” in startup financing started around March 2009?—?more Public-company tech investors creates competition in late-stage financings and these investors can afford to be less price sensitive if they choose. more than 5 years ago?—?and and hasn’t abated. But about that “bubble” we always hear about?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. 2009 – Back to The Future The bad news is that since the bubble most VC firms haven’t made a profit. So what’s left?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

David Teten

NOVEMBER 26, 2019

In 2009 the organization moved to a run-rate methodology, which monitors spending quarter-over-quarter. Peter Nesbitt, VP of Finance at Teampay , said, “Forecasting is exceptionally challenging in practice, especially as end users drive an era of distributed spending. Successful agile budgeting requires modern technology.

Agile 60

Agile Management Forecast Silicon Valley 60

Both Sides of the Table

AUGUST 24, 2015

It will make follow-on financings much harder and people will have to consider whether or not to do inside rounds. These are all normal things but in this big run since 2009 we’ve all gotten used to nearly 100% follow-on financing rates, valuations only moving up, deals clearly the convertible note caps and low mortality rates.

Stock 150

Stock Finance Marketing Valuation 150

YoungUpstarts

SEPTEMBER 3, 2013

For example, according to ADP’s 2009 hiring index , 46 percent of résumés reviewed showed discrepancies. Someone in a financial crisis may have grossly mismanaged his personal or business finances and may lack the skills or discipline to be successful. Research shows they’re not alone.

Technical Review 219

Technical Review Partner Due Diligence Bankruptcy 219

Both Sides of the Table

MARCH 3, 2012

But it was early 2009 and not many companies were getting new financings at all so I thought they should take the deal. But my other VC partner had a smaller fund and raising price would have a big impact on his ability to finance the company. The company agreed on a price but felt it was a bit lower than they had hoped for.

Term Sheet 356

Term Sheet Silicon Valley Reputation Partner 356

YoungUpstarts

DECEMBER 3, 2017

It rose in 2009, but never regained its upward trajectory. The traditional flows of goods, services, and finance appeared then, and now, to have stalled. Just less than a decade ago there was a cataclysmic change – a major event, a crisis – that was a precursor to an even greater structural shift. Global trade dipped in 2008.

Global 113

Global Technical Review Agile Internet 113

ReadWriteStart

FEBRUARY 19, 2020

Colombia has a few industries with massive potential for disruptive transformation , in particular, health and finance. Ruta N.com, a public-joint venture established in 2009, also helped the city earn significant attention by providing landing services, office space, and incubation for startups. Industry gaps.

Colombia 146

Colombia America Technical Review Startup 146

The Startup Magazine

JUNE 27, 2020

When Satoshi Nakamoto released Bitcoin in 2009 nobody thought that cryptocurrencies would be such a huge industry. Before that, trading forex was the only option for trading enthusiasts and entrepreneurs. But, it did not take too long and bitcoin started to take over with many other cryptocurrencies appearing also.

Artificial Inteligence 98

Artificial Inteligence Technical Review Entrepreneur Technology 98

Steve Blank

JULY 27, 2009

Entrepreneurs are fearless, persistent and uninhibited about asking – whether it’s asking to assemble a team, get financing, sell customers, etc. Martin , on July 27, 2009 at 9:45 am Said: Asking is also the quickest way to get direct negative feedback — sometimes even more valuable than a yes.

Silicon Valley 120

Silicon Valley RSS Technical Review California 120

YoungUpstarts

DECEMBER 10, 2015

Review your business finances. It’s crucial to separate your personal and business finances to easily illustrate the financial strength of your business. Before pursuing any financial options, thoroughly review your records to ensure your business is best-positioned for loan approval.

Technical Review 100

Technical Review Cofounder Small Business Early Stage 100

Both Sides of the Table

NOVEMBER 14, 2010

That would mean that the increased number of new business startups will lead to a “funding gap&# of deals that can’t get financed. But I’ll judge the angel class of 2009/2010 on a 7-10 year time horizon. in 2009 the market was completely constipated as investors focused on triage. I avoided much of this.

Florida 299

Florida Technical Review San Antonio Los Angeles 299

The Startup Magazine

MARCH 30, 2022

Bitcoin, created in 2009, was the first cryptocurrency. Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.

Technical Review 125

Technical Review Due Diligence Government Security 125

Up and Running

MAY 10, 2013

I’ve been a member since it started in 2009. . Business Finance Palo Alto Software PR and Communications Starting a Business Amorphyx Corvallis DesignMedix Eugene Green Zebra Groceries Sonivate Willamette Angel Conference' This year’s event was held on campus at Oregon State University.

Software Review 69

Software Review Oregon Portland Technical Review 69

Steve Blank

MAY 28, 2009

The implications for entrepreneurs is that each of these (market risk versus invention risk,) require radically different financing models, a different type of venture investor, different timing for hiring sales and marketing, etc. steve BrianB , on May 30, 2009 at 4:14 am Said: Hi Steve, Thank you for this really great blog.

Vertical 144

Vertical Silicon Valley Marketing Customer 144

K9 Ventures

APRIL 27, 2011

One occurrence of this was in Q1/Q2 2009. In August/September 2009, the founders and I agreed to work together to raise a round of financing for the company. We pulled together about $600K of commitments and interest, for a $500K-target financing round. The lawsuit completely killed the financing prospects for Ugmode.

Software Review 134

Software Review Technical Review IP Finance 134

bizthoughts.mikelee.org

MARCH 8, 2012

Mint & finances #distribution #andalsoproduct # 19 hours ago @davemcclure Idea 3: Build brand buzz to epic proportions, aka a Purple Cow, ie. link] # 4 hours ago Going #lean and testing with imagemaps, cuz concepts are cheap and code is expensive. # 4 hours ago @davemcclure Idea 4: Make something very useful drop-dead simple to use, ie.

Technical Cofounder 40

Technical Cofounder Cofounder Technical Review Software Review 40

Up and Running

MAY 10, 2017

In the summer of 2009, my wife and I caught the entrepreneurial bug and started a company without any prior business experience. We didn’t know anything about small business accounting or finance. We’d never hired anyone. We’d never had anyone pay us for a product or a service. We didn’t even know how to write a business plan.

Startup 119

Startup SEO Montana Argentina 119

Hearpreneur

AUGUST 28, 2022

I learned from her that even if finances are an issue, it's worth taking risks if you know your idea would change the market. He’s now worth over a billion pounds, has his own TV Show (The Apprentice), and was granted a Peerage to become a Lord in 2009. Knowing she couldn't get funding from anywhere, she didn't let it demotivate her.

Entrepreneur 111

Entrepreneur Green Cofounder Trinidad 111

abovethecrowd.com

JUNE 17, 2014

In July of 2009, the UK instituted a new network known as Faster Payment Service with same day settlement to replace their equivalent of ACH. Many blame Dodd-Frank and the consolidation post 2009 for the loss of free checking. I can ping Madagascar from my desktop in California in 368ms, but it takes 72 hours for a U.S.

Finance 83

Finance Silicon Valley Madagascar China 83

Cracking the Code

MARCH 12, 2010

So, here is the first edition, including the recent Q4 2009 earnings and the updated 2010 forecast. However, despite healthy Q4 results (most companies were at or above plans) few have increased their 2010 guidance and the median moved only from 15% (same as 2009) to 17%. Finance Dissertation Help. ► 2009. (9).

Software Review 63

Software Review Technical Review Cloud Forecast 63

This is going to be BIG.

SEPTEMBER 30, 2012

David's firm most recently participated in the $77 million second round financing of SoFi, a one year old startup focusing on student loans. I suppose, more specifically, the bubble ended in the last two weeks of September--right after this financing. The other entrepreneur quoted in the story is from a guy pitching a Pinterest clone.

Venture Capital 114

Venture Capital Marketing Term Sheet Software Review 114

Hearpreneur

SEPTEMBER 6, 2023

20- Breaking limitations Photo Credit: Tanya Roberts I started my business with zero background in business, branding, finance, marketing or logistics, however with so much information accessible on the internet and via books and podcasts, it blew my mind how I could learn and implement as I went.

Entrepreneur 141

Entrepreneur LLC Technical Review SEO 141

YoungUpstarts

FEBRUARY 27, 2014

Did you know that in 2009, about 550,000 small businesses opened in America, yet 660,000 of them actually closed down in the same year? Much of that is because too many entrepreneurs don’t exactly have a business strategy, and even lack the basics such as a business plan or understanding how to finance one’s business.

Bootstrapping 244

Bootstrapping America Business Plan Finance 244

crowdSPRING Blog

AUGUST 6, 2017

There are, of course, millions of published articles and blog posts about entrepreneurship, business, finance, and management. Of particular note to small business owners are courses covering small business management and strategy, marketing, and finance. Fortunately, we live in the golden age of online learning. ” edX.

Programming 73

Programming Technical Review Small Business Illinois 73

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? April 14, 2009 3:09 PM Eric Santos said. April 14, 2009 4:03 PM Dave McClure said. thats SNL Jan 1976: [link] April 15, 2009 2:00 AM Matt Prados said.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Both Sides of the Table

OCTOBER 7, 2014

5 million was always the classic definition of an A-round between the late nineties (crazy financings aside) and say 2007. Entrepreneurs started demanding that VCs call their first-round financings “seed” rounds even if they were $3 million. and there''s always a but]. I saw this myself a few times in a row.

Cap Table 399

Cap Table Silicon Valley Term Sheet Finance 399

Altgate

DECEMBER 15, 2010

It is a pretty narrow filter of the 750+ companies that completed the 2010 CompStudy survey, but there are 55 rounds of financing to look at…enough to be a meaningful dataset I think. What is interesting is that you see a peak pre-money valuation of $3.16

Pre-Money Valuation 66

Pre-Money Valuation Valuation Cofounder Founder 66

Startup Lessons Learned

FEBRUARY 5, 2013

Working closely with the US Chief Technology Officer, the US Chief Information Officer, and an array of agencies, the Open Data Initiatives team has launched and is continuing to scale open data efforts in Health, Energy, Education, Finance, Public Safety, and Global Development. ProjectOpenData on Twitter. USDataGov on Twitter.

Fractional CTO 158

Fractional CTO Government Technical Review Analytics 158

Startup Lessons Learned

DECEMBER 23, 2009

Lessons Learned by Eric Ries Wednesday, December 23, 2009 Why vanity metrics are dangerous In a previous post, I defined two kinds of metrics: vanity metrics and actionable metrics. If you never have, you can create your own using Google Finance. If you never have, you can create your own using Google Finance.

Metrics 167

Metrics San Francisco Lean Continuous Deployment 167

Austin Startup

MARCH 20, 2017

Since the field’s estimated beginnings in 2009 , subsegments like “feminomics” and “inclusive finance” have spun off, but at it’s core gender lens investing is: incorporating gender as a factor to guide investment strategies.

Private Equity 54

Private Equity Venture Capital United States Equity 54

Altgate

SEPTEMBER 16, 2010

As your business grows, you will likely need more and more time from your accountant and at some point you’ll hire a full time person to handle the day-to-day, likely combined with roles as office manager or finance (not to be confused with accounting).

Software Review 65

Software Review Offshore Startup Boston 65

Cracking the Code

FEBRUARY 23, 2011

► 2009. (9). Yahoo Finance. ► 03/07 - 03/14. (1). State of the SaaS 13: Q1 2010 Sentiment. ► 02/21 - 02/28. (1). A funny perspective on Google innovation. ► 01/10 - 01/17. (1). Happy New Year 2010! ► 11/29 - 12/06. (1). Cloudonomics and 2010 Planning for your SaaS and C. ► 11/08 - 11/15. (2).

Software Review 101

Software Review Technical Review Valuation Europe 101

crowdSPRING Blog

AUGUST 6, 2017

There are, of course, millions of published articles and blog posts about entrepreneurship, business, finance, and management. Of particular note to small business owners are courses covering small business management and strategy, marketing, and finance. Fortunately, we live in the golden age of online learning. ” edX.

Programming 48

Programming Technical Review Small Business Illinois 48