Steve Blank

SEPTEMBER 5, 2018

As a reminder, the Dot Com bubble was a five-year period from August 1995 (the Netscape IPO ) when there was a massive wave of experiments on the then-new internet, in commerce, entertainment, nascent social media, and search. And if the company does go public, the valuations are at least 10x of the last bubble.

Lean 335

Lean Burn Rate Startup IPO 335

Both Sides of the Table

SEPTEMBER 28, 2014

it is also the title of a fabulous book from Internet 1.0 In startup world low GM almost always equals death which is why many Internet retailers have failed or are failing (many operated at 35% gross margins). Valuation. I wanted to call out special attention to valuation in this debate.

Burn Rate 383

Burn Rate Balance Sheet .Net Valuation 383

Both Sides of the Table

JULY 23, 2014

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

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

VC Cafe

MAY 16, 2023

One of the key differences between BARD and ChatGPT is that Bard is connected to the Internet and can provide real time results. ChatGPT is an incredibly powerful tool, but its trained on data up to September 2021 and is only now starting to connect to the Internet via Plugins (the feature is being rolled out slowly only to Pro subscribers).

Artificial Inteligence 178

Artificial Inteligence ChatGPT Generative AI Open Source 178

Startup Professionals Musings

NOVEMBER 26, 2012

Once you have a potential investor excited about your team, your product, and your company, the investor will inevitably ask “What is your company’s valuation?” How much is NewCo worth to investors at this point (pre-money valuation)? This is the most concrete valuation element, usually called the asset approach.

Valuation 270

Valuation Pre-Money Valuation NPV Intellectual Property 270

allthingsd.com

AUGUST 24, 2012

Fenwick VC Survey: Q2 Funding Valuations Shoot the Moon. According to Fenwick & West’s latest Silicon Valley Venture Capital Survey , fundings in the second quarter of this year showed the highest valuation increases in more than five years. Internet/digital media and software was the biggest beneficiary of the rise.

Valuation 45

Valuation Technical Review Silicon Valley Software Review 45

ReadWriteStart

JULY 2, 2022

Since most startups in 2022 are going online, you need to think about starting your business on the Internet. Thanks to the Internet, anyone can become a business owner. Conforming with Torchbankz, the dropshipping industry is expected to reach a market valuation of $557.9 What Business is Popular in 2022. billion before 2025.

Cost 140

Cost Software Review Technical Review Cloud 140

VC Cafe

AUGUST 2, 2022

think about the entrepreneurs that started in the early days of the Internet, mobile, crypto, VR and yes… now Metaverse. If nothing else, it shows how many billions Meta is willing to commit in order to advance Mark Zuckerberg’s vision for the future of the Internet. Here we go! Epic Games. but still lost $2.8

IP 206

IP Cofounder Valuation Acquisition 206

YoungUpstarts

DECEMBER 31, 2017

Over $3.7bn was raised by various crypto teams/projects to build out the infrastructure of Internet 3.0 (the the decentralized Internet). But, like the late 90s frenzy in Internet 1.0 (the the dialup Internet) provided the capital to build out the broadband infrastructure that was necessary for Internet 2.0 (the

Algorithm 251

Algorithm Internet Mobile API 251

Both Sides of the Table

JUNE 5, 2011

2: As expected at least one person accused me of writing this post because I want to see lower valuations. As the risks below get eliminated the higher the valuation investors are prepared to pay. So rounds tend to be “range bound&# where the top end of the valuation spectrum often being done in boom markets (i.e.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

The Startup Magazine

MARCH 14, 2022

Of late, with the advent of new technology and the spread of the internet to nearly all corners of the country, Indians have taken up a new kind of shop! Here, the company’s valuation benchmark is set, and funding is solicited accordingly. Are you wondering how to invest in startups in India? The digital startup craze.

Technical Review 146

Technical Review Due Diligence India Startup 146

Start Up Blog

JULY 7, 2014

It wasn’t so long ago that these statements were made about the internet as a commercial platform: It’s for nerds. There will never be any internet payments. No one will put their credit card on the internet. It’s an open-source kind of thing so there will be no Internet companies. It’s slow.

Valuation 96

Valuation Internet Stock New York 96

Startup Professionals Musings

AUGUST 25, 2018

In the early Internet days, it would cost a million dollars to get this far. Those that do it right also have the unprecedented opportunity to join the elite ranks of 250 unicorns (relatively new companies with a current valuation of over $1 billion).

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

View from Seed

FEBRUARY 16, 2016

As of January 20, 2016, based on the “CrunchBase Unicorn Leaderboard,” there are 157 unicorns (companies with $1 billion+ valuations) which have not IPOed or been acquired—and more start-ups reaching unicorn status every day. MBA Unicorns Weigh Heavily Toward Software, Consumer Internet, and E-Commerce. Key Insights. that of GSB).

Programming 120

Programming St. Louis Cofounder India 120

Startup Professionals Musings

MARCH 25, 2023

Should they focus on increasing revenues and profitability, or entice more and more users with “free” services, to increase their valuation. Unfortunately, the Internet and heavily funded startups have nurtured a customer expectation of free web services and free smartphone apps. Most are still confused about the right priority.

Valuation 235

Valuation Revenue Viral Retention 235

ReadWriteStart

JUNE 1, 2020

Let’s take an example – In the case of an internet or app business, the user traction and market penetration is a must. The bridge or exit stage is generally of very large transactions and for companies with substantial valuation. Point number 3: Never raise money with an increased valuation. Establish a competitive advantage.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Startup Professionals Musings

MARCH 12, 2023

VCs tend to demand more control of your spending and strategic decisions, with required board seats and lower valuations. Angels will likely agree to simpler term sheets, better valuations, and less restrictive terms on potential dilution, voting rights, exit options, and executive roles. How big is your startup opportunity?

Angel Investor 246

Angel Investor IRR Venture Capital Valuation 246

VC Cafe

FEBRUARY 26, 2023

The company has grown rapidly and achieved a valuation of over $7 billion by delivering a product that is both intuitive and powerful. Israeli startup Wix , the Internet’s most popular website builder, is an excellent example of a company that exhibits outstanding leadership.

Founder 88

Founder Cofounder Seed Stage Valuation 88

Steve Blank

JUNE 22, 2011

Ben and his partner Marc Andreessen (the founder of Netscape and author of the first commercial web browser on the Internet ) are the definition of Smart Money. I’ve followed them with a few observations about the Internet that may help frame the scope of the debate. The Internet May Liberate Us. The Internet May Kill Us.

Internet 295

Internet Silicon Valley United States .Net 295

Both Sides of the Table

AUGUST 12, 2010

Specifically we talked about Slide having gotten a $550 million valuation before being sold to Google for $182 million. Dan makes a point that you shouldn’t be telling everyone about your valuation as Slide did. He said it’s best to talk about valuation only when you sell (if at all). Minutes 4 – 8. Minutes 11-13.

Seed Stage 232

Seed Stage Valuation Private Equity Venture Capital 232

Gust

OCTOBER 16, 2012

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 software, internet, mobile and telecom deals.

Angel Groups 169

Angel Groups Valuation Pre-Money Valuation North Dakota 169

Startup Professionals Musings

SEPTEMBER 6, 2010

Once you have a potential investor excited about your team, your product, and your company, the investor will inevitably ask “What is your company’s valuation?” How much is NewCo worth to investors at this point (pre-money valuation)? This is the most concrete valuation element, usually called the asset approach.

Valuation 234

Valuation Pre-Money Valuation NPV Startup 234

Gust

NOVEMBER 18, 2012

Once you have a potential investor excited about your team, your product, and your company, the investor will inevitably ask “What is your company’s valuation?” How much is NewCo worth to investors at this point (pre-money valuation)? This is the most concrete valuation element, usually called the asset approach.

Valuation 187

Valuation Pre-Money Valuation NPV Intellectual Property 187

Both Sides of the Table

JUNE 22, 2011

The fact that today’s Internet bubble does not represent all companies does not disprove its existence. Ah, but today’s Internet companies have real revenue! 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).

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Startup Professionals Musings

FEBRUARY 15, 2023

With the advent of the Internet, the size and address of your office is irrelevant. With the unlimited access to “how-to” videos and detailed instructions on the Internet, you shouldn’t need to hire experts for most things. Learn to be a generalist rather than a specialist. You can have fun without spending big money.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

APRIL 17, 2023

It never hurts to start networking personally with all levels of investors early, but sending out teasers and business plans to every name you can find on the Internet is a waste of your time and theirs. Tune your investor pitch and funding expectations accordingly.

Angel Investor 313

Angel Investor Intellectual Property Investment Bankers Private Equity 313

Steve Blank

MARCH 18, 2011

We’re now in the second Internet bubble. The signals are loud and clear : seed and late stage valuations are getting frothy and wacky, and hiring talent in Silicon Valley is the toughest it has been since the dot.com bubble. Carpe Diem. The rules for making money are different in a bubble than in normal times. Breathtaking Scale.

Internet 334

Internet IPO Silicon Valley Agile 334

YoungUpstarts

OCTOBER 9, 2018

At its simplest, hot storage refers to wallets that are connected to the Internet. Creating a wallet is super easy and can be accessed from any device or server with an internet connection. Just plug it in to an internet-enabled device to transfer assets. Hot Storage. Cold Storage. Hardware Wallets.

Software Review 202

Software Review Technical Review Security Cofounder 202

View from Seed

AUGUST 17, 2021

90% of the airtime around ownership and valuations is focused on what happens when the first check is written. Effective post money is the effective valuation of an investor’s dollars at any one time. Some folks in the audience jeered because I was young, inexperienced, and hadn’t been an investor when the internet bubble burst.

IRR 205

IRR Dilution Founder Portfolio 205

Both Sides of the Table

JUNE 30, 2011

The opportunities for tech startups today are more immense than they’ve ever been with billions of people now connected to the Internet nearly all the time. A normalization of the venture capital market will bring more rational valuations over time but should produce more stable companies and better returns for VCs and LPs.

Venture Capital 289

Venture Capital Early Stage Valuation Angel Investor 289

Steve Blank

MAY 9, 2017

I’ve watched the Valley go from Microwave Valley – to Defense Valley – to Silicon Valley to Internet Valley. the wave of semiconductor startups in the 1960’s/70’s, the emergence of Venture Capital as a professional industry, the personal computer revolution in 1980’s, the rise of the Internet in the 1990’s and finally.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222

Startup Professionals Musings

JUNE 21, 2020

Should they focus on increasing revenues and profitability, or entice more and more users with “free” services, to increase their valuation. Unfortunately, the Internet and heavily funded startups have nurtured a customer expectation of free web services and free smartphone apps. Most are still confused about the right priority.

Revenue 434

Revenue Valuation Viral Retention 434

Startup Professionals Musings

JUNE 13, 2020

VCs tend to demand more control of your spending and strategic decisions, with required board seats and lower valuations. Angels will likely agree to simpler term sheets, better valuations, and less restrictive terms on potential dilution, voting rights, exit options, and executive roles. How big is your startup opportunity?

Angel Investor 314

Angel Investor Entrepreneur IRR Valuation 314

Entrepreneurs-Journey.com by Yaro Starak

JANUARY 21, 2011

Investment in small businesses require knowledge of transactions and the related aspects such as business valuation, due diligence, deal structuring / financing, contracts, etc. But long story short, I have ended up consulting several individuals, and more recently even small businesses on various internet entrepreneurship matters.

Internet 80

Internet Technical Review Stock Due Diligence 80

View from Seed

AUGUST 17, 2021

90% of the airtime around ownership and valuations is focused on what happens when the first check is written. Effective post money is the effective valuation of an investor’s dollars at any one time. Some folks in the audience jeered because I was young, inexperienced, and hadn’t been an investor when the internet bubble burst.

IRR 156

IRR Dilution Founder Portfolio 156

Hearpreneur

AUGUST 20, 2023

And, over-fundraising can trigger a domino effect of complications, from cap-table issues to inflated valuations, which can ruin future fundraising. Specifically when fundraising, it isn't just about gathering a war chest – it's about finding the right relationships with the right investors who offer more than just capital.

Entrepreneur 81

Entrepreneur Cap Table Dividend Cofounder 81

Steve Blank

MAY 29, 2011

They went to work gathering deep knowledege of what makes successful Internet startups. Max and his partners interviewed and analyzed over 650 early-stage Internet startups. Today they released the first Startup Genome Report — a 67 page in-depth analysis on what makes early-stage Internet startups successful.

Technical Cofounder 333

Technical Cofounder Early Stage Startup Silicon Valley 333