Remove Cost Remove Operations Remove Partner Remove Pre-Money Valuation
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

2010 Operating Income: $16 million. 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. Pre-IPO Funding History: Kayak has raised approximately $235M in VC funding to date.

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Want to Know How First Round Capital was Started?

Both Sides of the Table

Howard Morgan earned a PhD in Operations Research/Computer Science in 1968. They chose the name First Round Capital because they thought capital would be deployed most efficiently at smaller seed stage rounds considering the cost to build an internet business had come down drastically. In 2008 they raised a much larger fund $132.5

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

While the company continues to perform well it has come at a cost. But they were the lucky company because there was an investor that believed in the high-growth scenario and was willing to continue funding at any cost. The company was therefore priced at $15 million post-money and the VC (s) own 1/3 rd.

Burn Rate 263
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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

In addition to FOMO it is partly driven by massive increase in valuations for earlier-stage companies who raised money at bit seed prices but who still have product risk. million pre-money valuation is now raising $1 million at a $12 million valuation the next investor has nowhere to go but up (or sit out the investment).

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Another personal story: Timing is everything in a sale.

Berkonomics

I’ve been offered $15 million for my company and my partner is suing me for all I am worth. And yes, his partner had a valid suit, having been locked out of the web-design business and denied access to decisions and accounting information. What can I do?”. The fabulous contradiction – and opportunity. My immediate reaction and offer.

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How to Fund a Startup

www.paulgraham.com

To be a startupyou need to be the band that sells a million copies of a song, notthe band that makes money by playing at individual weddings and barmitzvahs. Most startups operate close to themargin of failure, and the distraction of having to deal with clientscould be enough to put you over the edge.

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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

Each new investor tends to raise valuations and lower returns for all the other competitive investors. It is mathematically impossible for the median investor to beat a low-cost index, after expenses. (Of Disruptable Pattern #4: Most investors put in only a modest amount of their own money into their funds.