Startup Professionals Musings

JANUARY 16, 2011

It has been at least a decade since going public via an Initial Public Offering (IPO) has been considered a credible exit strategy for startups. Usually a small company can sell about 20 percent of its stock in an IPO. In 1999, there were 486 IPOs nationwide; just 10 years later, in 2009, there were only 63. How’s the timing?

IPO 223

IPO Social Media Media Exit Strategy 223

Startup Lessons Learned

JULY 15, 2010

Lessons Learned by Eric Ries Thursday, July 15, 2010 Some IPO speculation Inspired by Steve Blank’s post today about the “lost decade&# of IPO’s , I’d like to make some predictions. The fact that IPO’s are disappearing makes intuitive sense to me. Let me be clear: Steve is the historian.

IPO 166

IPO San Francisco Lean Silicon Valley 166

Agile VC

APRIL 17, 2011

GameFly filed in 2010 and remains in registration, though 2011 has seen a positive start for VC-backed IPOs with 14 in Q1 2011. Now that Google’s acquisition of ITA is closed, following lenghty FTC review, it would appear Kayak is poised to proceed with their IPO in the coming months. =. Distribution revenue is CPC and CPA. .

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

VC Adventure

NOVEMBER 20, 2014

I wrote a post a few months ago based on some data from Correlation Ventures about the distribution of returns on venture deals (which revealed that outsized winners are, in fact, much more rare than most people think). Venture Economics company exits IPO M&A venture exits venture IPOs'

IPO 83

IPO Acquisition Distribution Algorithm 83

Both Sides of the Table

FEBRUARY 6, 2019

This huge increase of capital is really just money that used to be invested post-IPO, so more value is captured by VCs who traditionally sold post-IPO In a way we see this late-stage capital as a different market segment than traditional venture capital but it gets lumped into the same classification. trillion in value. Still reading?

Venture Capital 292

Venture Capital IPO Mezzanine Early Stage 292

The Next Web

SEPTEMBER 12, 2013

When he founded Netflix as a DVD rental service in 1997, Hastings had already led one company, Pure Software, from its birth to an IPO. You’ve IPOed two companies. Doing an IPO can be a great thing, but there are always consequences. How can we optimize for global distribution. Even to me that is still an amazing thing.

Swaziland 137

Swaziland Entrepreneur IPO Netherlands 137

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.

Silicon Valley 223

Silicon Valley IPO Technical Review Venture Capital 223

Steve Blank

APRIL 23, 2014

VCs like acquisitions as much as IPOs because the acquiring companies often can rationalize paying large multiples over the current valuation of the startup. They are actively organizing annual and quarterly activities to bring the portfolio and Fortune 500 decision makers together– in both large events and one-on-one visits.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Both Sides of the Table

MARCH 1, 2016

LPs have been feeling great about venture capital due to holding valuable paper positions in companies like Uber, Lyft, Airbnb, Dropbox, all of which they feel confident will drive large cash distributions in the future. Without some cash distributions, eventually LPs will become stretched.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

VC Adventure

NOVEMBER 20, 2014

I wrote a post a few months ago based on some data from Correlation Ventures about the distribution of returns on venture deals (which revealed that outsized winners are, in fact, much more rare than most people think). This reached it peak in 2008, although that may in large part be due to the lack of a public market option at that time.

IPO 52

IPO Acquisition Distribution Algorithm 52

ReadWriteStart

JULY 18, 2011

He says that one is too lonely, two is good and three is a great number if they can combine their skills to cover design, development and distribution. Kedrosky: "In the 90's I was an analyst through all this [tech investment and IPO] madness. You want to build your own IPO and exit. How to Hack the Investment World.

Investment Bankers 153

Investment Bankers Technical Review Cofounder Due Diligence 153

Lightspeed Venture Partners

APRIL 12, 2013

Gox then began experiencing a distributed denial of service attack (DDoS), where hackers continually hammered the exchange, hoping to cause greater system lag, thus causing an even greater sell-off. Facebook built $65bn of value in 9 years, so what happened since the IPO is missing the point. Near the bottom, Mt.

IPO 151

IPO Silicon Valley Flash Distribution 151

Genuine VC

DECEMBER 3, 2014

It’s official: now two months after the IPO, HubSpot has surpassed the $1B market cap threshold and has become that “pillar” company that the tech ecosystem long anticipated. I can’t tell you how many pitch decks from local startups I’ve received over the past decade that barely even touch upon the key subject of distribution.

Boston 279

Boston IPO B2B Cofounder 279

Gust

JANUARY 31, 2013

Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO. Public companies have dealt with financial disclosure in ways that evolved over time with markets and technologies. Proxy statement in connection with the annual meeting of stockholders.

SEC 158

SEC Prospectus United States Technical Review 158

Mucker Lab

OCTOBER 12, 2016

Normal distributions do not exist; standard deviations are meaningless. Why should a public market downturn determine an investment in a startup that has seven to 10 years to go before it can even think about an IPO? Betting on the wrong horse. Furthermore, the venture “business” is a business of making money off outliers.

Harvest 60

Harvest Vertical IPO Early Stage 60

YoungUpstarts

FEBRUARY 20, 2015

This is because these days it’s a trendy word, conjuring up images of youthful exuberance, all-night coding parties, and developing revolutionary apps that transform into mind-boggling IPOs. Facts: Only a few new companies are startups. Myth #2: All startups are technology companies.

Cofounder 100

Cofounder Montana Startup Seed Capital 100

Both Sides of the Table

APRIL 15, 2010

They bought distribution and engineering talent. In the former case many people scoffed at paying up for Google at IPO. money off the table) given the dearth of IPO’s and M&A over the past few years? - Twitter bough their most used iPhone client. No big surprise. Atebits had one person if I understand correctly.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

View from Seed

MAY 28, 2020

Advances in technology and changing consumer preferences have long been transforming the way food is created, distributed, and consumed. The food supply chain has been rattled with distribution shifting from restaurants to grocery and with food production bottlenecks resulting from fewer employees at work.

Memphis 256

Memphis Distribution Bankruptcy Operations 256

Both Sides of the Table

APRIL 13, 2011

So we have five themes – Digital Life and Distribution are the other two.”. Distribution. Was about a billion dollars on the IPO” and “was one of the first web analytics companies. We have a theme we call Protocol, which are technology protocols and markets built around technology protocols like SMTP for email and RSS.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. With Netscape’s IPO , there was suddenly a public market for companies with limited revenue and no profit. The New Bubble : (2011 – 2014): Here we go again…. (If

Internet 334

Internet IPO Silicon Valley Agile 334

Growthink Blog

FEBRUARY 13, 2012

Last week , I shared the lessons of liquidity and sector that the intelligent early - stage investor can learn from Facebook's IPO. And, correspondingly, returns of this scale crowd out and widely skew the distribution to fewer, higher returning deals. That lesson is of the power of outliers. To summarize: 1.

IPO 67

IPO Private Equity Early Stage Equity 67

Berkonomics

AUGUST 6, 2020

When we start a business, we are optimistic that we will succeed and dream of riches to follow when the company is sold or even getting all the way to an IPO. Your distribution channel relationships? Remembering our original vision. Would it be your intellectual property? Your skilled employees? Your brand and market recognition?

Liquidity Event 62

Liquidity Event Intellectual Property IPO Equity 62

Diego Basch

JUNE 2, 2012

In the late nineties, internet IPOs were all the rage. Everyone wanted in on IPOs back then, because it was a given that you would multiply your money in a few days. A friendly voice greeted me and started a sales pitch: “Would you like to participate in the QuePasa dot Com IPO?” A Killer IPO.

IPO 62

IPO Argentina Stock .Net 62

Austin Startup

AUGUST 9, 2021

During this time, Downs also was a key part of the industry’s most successful IPO and played a key M&A role in a highly acquisitive environment. The entire team is looking forward to working with Matt as we move forward during an exciting period of intense growth and change at both Chargify and SaaSOptics.”

Revenue 72

Revenue Georgia Texas Colorado 72

crowdSPRING Blog

AUGUST 24, 2012

Groupon’s Andrew Mason Talking About Daily Deals Site’s Stock Smack, Future Plans and IPO Regrets (Or Lack Thereof) – [link]. The Facebook distribution dilemma – [link]. Segments of One: Smarter Targeting for Your Customers – [link]. 7 Habits of Remarkably Charismatic Marketers – [link].

Social Media 92

Social Media Small Business Design Media 92

Startup Professionals Musings

JULY 27, 2018

I would expect to see specific plans for distribution, partnerships, and sales channels, as well as the use of social media and conventional marketing, with budgets for the major elements. Customized marketing strategy and realistic sales plans. “If Five-year financial projections of revenue and expenses.

Product 145

Product Intellectual Property Liquidity Event Exit Strategy 145

Austin Startup

NOVEMBER 6, 2017

So starting as an LLC allows you to build your company, and even raise some early capital, while letting things develop to see if you’re really building a business that needs conventional venture capital (and then convert to a C-Corp), or if you’re building one that may instead become profitable and distribute profits to investors (stay an LLC).

Delaware 48

Delaware LLC Startup Silicon Valley 48

VC Cafe

NOVEMBER 25, 2019

The large investment flows into entertainment fuel advanced in technology to produce, to distribute and monetise content that educates us, relax us, entertains us, and so on. Each category represents a large vertical on its own, which together comprise of Entertainment Tech across content creation, consumption, distribution and monetisation.

Vertical 113

Vertical Artificial Inteligence Distribution IPO 113

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

Both Sides of the Table

JULY 10, 2010

For entrepreneurs who want to learn about how to work with investment banks, how to position yourself to be acquired and what the IPO markets look like this is the episode to watch. What does the market look like for IPO’s and is this likely to improve? Founded in 2002 and expanded after founders graduated from CMU in 2006.

IPO 242

IPO Venture Capital Private Placement Cofounder 242

abovethecrowd.com

AUGUST 23, 2020

But in light of where we are in 2020, especially with regard to the degrading efficiency and sky-rocketing cost of capital through the structurally broken IPO process, SPACs may emerge as a legitimate third option for helping Silicon Valley companies efficiently and cost-effectively transition into the public markets.

IPO 118

IPO Silicon Valley Warrant Matching 118

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. On average, founders own just 43% of equity by Series B , declining thereafter. Volatile, uncapped. Flexible VC: Revenue -based.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Genuine VC

FEBRUARY 29, 2012

From an investment perspective, we’re believers in the theme of an increasingly “distributed workforce” in which organizations are more frequently utilizing talent where talent is. Perhaps it can work even in larger organizations in which the nature of the work is inherently distributed by nature. Where is its center of gravity?

Estonia 130

Estonia Startup Distribution Chicago 130

Steve Blank

AUGUST 5, 2010

In 1980 Genentech became the first IPO of a venture funded biotech company. But these VC’s aren’t Lean because they fund startups with web-based distribution models. Finally, the “ death of the IPO &# and the emergence of the “ small market M&A &# changes Consumer Internet economics. Lessons Learned.

Lean 260

Lean Internet Silicon Valley Venture Capital 260

VC Adventure

SEPTEMBER 10, 2010

Interestingly (and somewhat different than other markets) the Boulder start-up scene is both very distributed (there are a large number of leaders in the Boulder start-up community) and collaborative. What are your thoughts about M&A and IPOs – and a successful exit for ad tech startups?

Technical Review 60

Technical Review Due Diligence Venture Capital IPO 60

Reid Hoffman

MARCH 19, 2019

And from a financial perspective, any investor would be better off buying stock in Amazon than buying and share of a corner bookshop; if you invested $100 in Amazon’s 1997 initial public offering (IPO), those shares would have been worth about $120,000 in 2018. Blitzscaling is a strategic technique for moving faster, not a reckless gamble.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Both Sides of the Table

FEBRUARY 6, 2017

Yet as we enter February 2017 the VC funding markets are booming, Snap, Inc has filed for its IPO, AppDynamics was just purchased for $3.7 It was only a year ago that many in the Venture Capital industry were predicting that “winter was coming” and to be fair the author of this post was chief amongst them. Ok, Suster.

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150