Ben's Blog

OCTOBER 30, 2020

In our last deep-dive article on IPOs , we outlined how pricing works, how post-IPO activity is influenced by the four types of stock market investors, why the price of a marginal share is not that of a block trade, … The post In Defense of the IPO and How to Improve It, Part 2: Peeking Behind the Pop appeared first on Andreessen Horowitz.

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VC Adventure

AUGUST 31, 2017

If you read my blog regularly you know I love (LOVE) metrics. At IPO only 7 of 39 companies that have gone publics since 2013 had positive EBITDA. The average SaaS company is now 12 years old and has over $100M in revenue at the time of their IPO . But if you’re too busy for that, below are some of the key take-aways.

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IPO Vertical Balance Sheet Valuation 113

Steve Blank

SEPTEMBER 14, 2009

On top of all this it was considered very bad form not to have at least four additional consecutive quarters of profits after an IPO.) The IPO Bubble – August 1995 – March 2000 In August 1995 Netscape went public, and the world of start ups turned upside down. Tech acquisitions went crazy at the same time the IPO market did.

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Silicon Valley IPO Technical Review Venture Capital 217

Start Up Blog

MAY 13, 2019

Last Friday night, I did a TV interview on ABC regarding Uber’s long awaited IPO. An IPO is when a company first becomes a publicly traded stock that anyone can buy and hold. Amazon IPO 1997 – 2 years after it was founded. Google IPO 2004 – 5 years after it was founded.

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IPO Valuation Stock Cost 48

Hunter Walker

DECEMBER 11, 2023

It might ‘exit’ again at a later point (anything from a sale to an IPO), but it’s no long dependent on VC funding. DC: I’m going to keep this brief, but if you want to the long version of it, I recommend reading our blog about it. This means the company is predominantly owned by the management/team and TPG.

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Private Equity Equity DC Leveraged Buyout 78

Up and Running

NOVEMBER 12, 2014

Initial Public Offering (IPO). Initial Public Offering (IPO): This exit strategy is not suited to most small businesses, primarily because it means convincing both investors and Wall Street analysts that stock in your business will be worth something to the general public. Types of exit strategies. Management buyout. Family succession.

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Startup Lessons Learned

NOVEMBER 6, 2008

Lessons Learned by Eric Ries Thursday, November 6, 2008 Steveys Blog Rants: Good Agile, Bad Agile I thought Id share an interesting post from someone with a decidedly anti-agile point of view. Steveys Blog Rants: Good Agile, Bad Agile : "Google is an exceptionally disciplined company, from a software-engineering perspective.

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Agile San Francisco Software Review Continuous Deployment 76

Ben's Blog

AUGUST 31, 2020

In defense of the IPO, and how to. … The post Swipe debit card, get stock; In defense of the IPO; New models for SMB lending, and more appeared first on Andreessen Horowitz. Subscribe to stay on top of the latest fintech news. . IN THIS EDITION. Fintech products ease more Americans into the stock market.

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IPO Stock Product Marketing 85

Life Beyond Code

MAY 16, 2012

Warning : This is blog post #1762 on this blog. This blog post falls into the 0.1% The profound lessons that startups can learn from Facebook IPO. I will also keep this short else it will contradict my own point in the blog post. I will also keep this short else it will contradict my own point in the blog post.

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Both Sides of the Table

JUNE 29, 2014

I wrote about this in a blog post last year titled “ It’s Morning in VC ” but I never made the full deck available until now. When companies DO IPO they are worth much more at IPO time than in the past. More value is captured more by VCs prior to an IPO. VCs used to IPO and then sell.

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Venture Capital IPO LP Jordan 362

Start Up Blog

FEBRUARY 20, 2012

The upcoming Facebook IPO is a very interesting scenario. There are a lot of facts and figures being thrown around, but from my point of view I’m interested in just a few of them and what they mean for tech entreprepreneurs: 100 Billion Valuation: If the IPO is successful the expected valuation is 33 times their current revenue.

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IPO Valuation Acquisition Stock 76

Ben's Blog

JUNE 19, 2017

Where has the initial public offering (IPO) gone? That’s a question the capital markets have been asking for some time, and is a leading concern of the Securities and Exchange Commission (SEC), too. But this question matters beyond those interested …

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IPO Securities and Exchange Commission Initial Public Offering SEC 56

View from Seed

MARCH 24, 2021

Why Do Consumer IPOs and B2B IPOs Get Treated Differently? The Case for Why Building Thoughtful and Clever Product Experiences “Product initiatives that bring users delight can be large or small — if successful, they fulfill the emotional needs of your users.” ” (Melody Koh). Industry Trends.

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Seed Stage Hiring IPO Analytics 177

Growthink Blog

MAY 29, 2012

Unfortunately, lost in too much of the "dramatic" coverage of the Facebook IPO has been the real lessons to be learned for those interested in successful technology and growth company investing. Part of the confusion is understandable.

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IPO Stock Technical Review Valuation 85

Ben's Blog

AUGUST 28, 2020

There’s a popular narrative that evil investment bankers are intentionally underpricing traditional IPOs to steal from companies, lining banker pockets and those of their fatcat Wall Street clients. The proof is seemingly obvious: IPOs are 50x oversubscribed!

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IPO Investment Bankers 36

Ben's Blog

AUGUST 28, 2020

There’s a popular narrative that evil investment bankers are intentionally underpricing traditional IPOs to steal from companies, lining banker pockets and those of their fatcat Wall Street clients. The proof is seemingly obvious: IPOs are 50x oversubscribed!

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IPO Investment Bankers 36

Ben's Blog

OCTOBER 29, 2020

Since then, the debate over IPOs has continued, with a particular focus on allegedly underpriced offerings that jump shortly after opening — the dreaded “pop.” ” As some criticism has it, this supposedly deprives companies of millions of dollars that should have been theirs if not for underpricing the IPO.

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IPO Securities and Exchange Commission Demand SEC 36

Both Sides of the Table

NOVEMBER 18, 2012

Tamp down the enthusiasm your naive family has about your “impending IPO” (honey, when can we buy shares? Tell the press how great you are and hope that they aren’t publishing your obituary 9 months later rendering you a fool. she’s so successful! we always knew she would be. she was so precocious in high school.

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Monaco Cofounder Chicago Mexico 420

YoungUpstarts

MAY 6, 2019

There is a complete process to go for an IPO. After an IPO, you can retire and get a new management to work for the company. After an IPO, you can retire and get a new management to work for the company. There are two ways to exit a company. Most startups prefer to go public. Take Alibaba, Google, Facebook, and even Twitter.

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Startup Technical Cofounder Merger Early Stage 113

YoungUpstarts

APRIL 8, 2012

With close to 900 million users and an upcoming IPO , Facebook is ruling the web as the social network of choice.

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Social Media Technical Review Media Social Network 186

Growthink Blog

FEBRUARY 6, 2012

The biggest technology IPO in history has rightfully captured the imagination of both the general and investment public. So once we put this natural (and may I add wholly unproductive) emotion aside, the thoughtful angel investor should both gain great hope and powerful moving forward lessons from the Facebook IPO. read more.

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Angel Investor IPO Private Equity Early Stage 76

View from Seed

MAY 31, 2023

Digging deeper into the topic, I was inspired to learn of the stories founders shared through blogs and interviews as they closed down their companies and refocused on starting their next ventures. For example, in the Lerner’s and Scharfstein’s study the “success” benchmark was completing an IPO.

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Silicon Valley Cofounder Term Sheet Founder 156

Start Up Blog

FEBRUARY 20, 2012

The upcoming Facebook IPO is a very interesting scenario. There are a lot of facts and figures being thrown around, but from my point of view I’m interested in just a few of them and what they mean for tech entreprepreneurs: 100 Billion Valuation: If the IPO is successful the expected valuation is 33 times their current revenue.

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IPO Valuation Acquisition Stock 48

Austin Startup

SEPTEMBER 29, 2018

And even if somehow you avoid it until your IPO, remember that an IPO is a fundraising event itself. And there were other offers along the path to IPO that we also turned down. I’ll be writing a lot about culture on the Lucky7 blog over time?—?there Note: this was originally posted on my blog at Lucky7.io

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Bootstrapping IPO Business Model Software Review 52

crowdSPRING Blog

DECEMBER 14, 2012

crowdSPRING’s Small Business Spotlight of the Week: miiCard | crowdSPRING Blog – [link]. Vision | Jordan Cooper’s Blog – [link]. Startups Cannot Afford to Have Indispensable Employees (and not for the reason you think) | Rand’s Blog – [link]. Focus on Customers not Competitors – [link].

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Social Media Small Business Design Media 100

Growthink Blog

MARCH 13, 2014

To register, click here: https://www2.gotomeeting.com/register/647747626 billion – the highest YTD activity since 2007 – is affecting (positively and negatively) the technology deal marketplace • And much, much more Register now via the below link: https://www2.gotomeeting.com/register/647747626

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Technical Review IPO Early Stage Valuation 91

crowdSPRING Blog

JANUARY 18, 2013

Thanks To Facebook, Strongest Year For IPOs Since 2000 With $21.5 What Company Culture IS and IS NOT | Rand’s Blog – [link]. The 6 Marketing Metrics Your CEO Actually Cares About [Cheat Sheet] | Hubspot Blog - [link]. The 6 Marketing Metrics Your CEO Actually Cares About [Cheat Sheet] | Hubspot Blog - [link].

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Social Media Small Business Design Media 94

crowdSPRING Blog

MAY 25, 2011

Interesting perspective on LinkedIn’s IPO – arguing that the IPO price was reasonable – [link]. And here’s another side – suggesting that LinkedIn shareholders might have been scammed in the IPO – [link]. Excellent tips for startups on hiring product managers – [link]. – [link].

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Social Media Small Business Design Media 86

Steve Blank

MARCH 16, 2016

This happens when you either sell your company ( M&A ) or go public (an IPO.) As the company goes from searching for a business model to growth , only then will they bring in a new “professional” management team to scale the company (along with a business development executive to search for an acquirer) or prepare for an IPO.

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Liquidity Event Founder Liquidation Preference Venture Capital 120

crowdSPRING Blog

MAY 9, 2014

With IPO Hopes Fading, Square And Box Face Reality Of Commodity Products | TechCrunch – crowdspring.co/1rWbako. The key to modern blog design: promote UX by retiring your sidebar | Webdesigner Depot – crowdspring.co/1kkXsox. Adaptive Placeholders | The Circle Blog – crowdspring.co/1nQ19aM. 1hWoHHB.

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Social Media Small Business Design Media 93

deal architect

OCTOBER 12, 2012

Readers of this blog know I am more focused on corporate buyers than investors. But an IPO is a huge milestone, and the intense interest in Workday’s offering (priced at a valuation of about $ 4.5 billion) which started trading.

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The Equity Kicker

JANUARY 21, 2016

Blogging got going in about 2005 before Twitter and a collection of other sites took the wind out of it’s sales over the last three years or so. Vinyl records were around for decades before being replaced by CDs in the 1980s, which were replaced by music downloads in the 2000s which are now being replaced by streaming services.

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Marketing Venture Capital Software Review IPO 60

David Teten

JUNE 14, 2011

Official blog post and more details here. Among the firm’s most successful seed investments that have reached maturity are Cornerstone OnDemand (which raised $137m in a March 2011 IPO, ticker CSOD) and Quigo Technologies (sold to AOL for a reported $340m).

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Venture Capital Technical Review Early Stage Portfolio 122

crowdSPRING Blog

JUNE 21, 2013

Mark Cuban Says Dead IPO Market for Small Firms Hurts Competition – [link]. 13 Resources to Design for Bootstrap | Vandelay Design Blog – [link]. 30+ Free Flat UI Icon Sets | Blog of Francesco Mugnai – [link]. Popular Design Trends for Responsive Navigation | Vandelay Design Blog – [link].

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Social Media Small Business Design Media 93

Gust

JANUARY 31, 2013

Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO. Or its blog? Public companies have dealt with financial disclosure in ways that evolved over time with markets and technologies. Or via Netflix’s Twitter account?

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SEC Prospectus United States Technical Review 158

Growthink Blog

MAY 14, 2012

Because golly, when it comes to the IPO market and public market returns in general, help is needed in a big way. Since the Internet bubble burst in 2001, the number of IPOs hasn’t recovered to even 1980s levels. Hopefully, it will help. How bad is it? That's 30 years ago, folks. Or, in hard numbers from 1990 to 1996, 1,272 U.S.

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IPO Private Equity Initial Public Offering Balance Sheet 78

Ben's Blog

JUNE 20, 2019

Editor’s Note: This testimony was delivered by a16z managing partner (and former chairman of the board of the National Venture Capital Association) Scott Kupor to the Securities and Exchange Commission as part of their investor advisory committee meeting agenda “discussion …

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Securities and Exchange Commission IPO Venture Capital Security 62