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The Changing Structure of the VC Industry

Both Sides of the Table

We are in a bubble (with so many private $1bn+ valuations). 15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited. 50x more Internet users (2.4 Where are we today? Online connections that are 180x faster (10.5

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The Power of Quora & Why Benchmark was Right to Pay Up

Both Sides of the Table

Pre Quora – AVC & Answers OnStartups. For me this dates back to pre-Internet days of bulletin boards, CompuServe , Prodigy and the like. What I notice is that people further the conversation, talk with each other, network, try to get noticed (linking to their websites, etc.). I rarely only read the post.

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Want to Know How First Round Capital was Started?

Both Sides of the Table

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. They did not take salaries during the first two years and invested more money in the firm than they received from management fees.

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2012 Valuation Survey of Angel Groups

Gust

This summer I conducted our third annual survey of the pre-money valuation of pre-revenue companies recently funded by angel groups in North America. Access to our 2010 and 2011 surveys can be found at 2011 Valuation Survey of North American Angel Investor Groups. Pre-revenue energy and clean tech.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

is the leading consumer internet company with Terry Semel as CEO. Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round). It was a $4.7M

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2011 Valuation Survey of North American Angel Groups

Gust

To provide some reference points, I surveyed thirteen angels groups in North American to determine their recent experience in negotiating the pre-money valuation of pre-revenue companies. See the 2010 data reported here: Current Pre-money Valuations of Pre-revenue Companies. Current Average.

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ProfessorVC: Touched by an Angel

Professor VC

Again, I see nothing wrong with this, although entrepreneurs often prefer convertible debt as it defers the valuation discussion and leaves the Series A price for the venture firm to set. He also said they typically only invest at a $1 million pre-money valuation or less. Labels: angel groups , valuation.