Both Sides of the Table

JUNE 22, 2011

I spoke about how Amazon Web Services deserves far more credit for the last 5 years of innovation than it gets credit for and how I believe they spawned the micro-VC category. Ah, but today’s Internet companies have real revenue! And this is happening in mezzanine (pre-IPO) deals as well. and profits!

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Both Sides of the Table

JUNE 29, 2014

The costs to start are much lower than ever (90% reduction in infrastructure costs to start a company through open source & web services) and large companies being created in many geographies. Time to massive revenue is the most compressed in history due to scale and Deflationary Economics. VCs used to IPO and then sell.

Venture Capital 362

Venture Capital IPO LP Jordan 362

BeyondVC

APRIL 4, 2018

Look at the Dropbox IPO which priced above its initial value and came out white hot at the end of one of the worst weeks in stock market performance. Couple that with Mulesoft being bought for 21x TTM revenue ( see Tomasz Tunguz analysis ) at $6.5 Their growth to over $509mm of revenue from $281mm 2 years ago is a case in point.

Cloud 60

Cloud Agile Architecture Azure 60

Rob Go

DECEMBER 28, 2011

I was reflecting on this post last week about the state of consumer web in Boston and shared a few of my thoughts in the comments. So I thought I’d jot down some of the highlights I have seen from my vantage point in this 2011 Boston Consumer Web Year in Review. IPO’s/Exits. Kayak: Registered for an IPO but on hold.

Technical Review 54

Technical Review Boston Software Review IPO 54

Agile VC

FEBRUARY 2, 2012

Facebook S-1: The Most Anticipated IPO in a Decade. Here’s my first look at Facebook viewed through the lens of their IPO filing. How They Make Money : Facebook’s primary revenue stream is of course selling advertising on Facebook.com, which in total accounts for 85% of revenue. 2011 YoY Revenue Growth: 88%.

IPO 100

IPO South Korea Venezuela Revenue 100

crowdSPRING Blog

JANUARY 18, 2013

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! A VC: MBA Mondays: Revenue Models – Subscriptions – [link]. Why Startups Die | The Next Web - [link]. Thanks To Facebook, Strongest Year For IPOs Since 2000 With $21.5

Social Media 94

Social Media Small Business Design Media 94

Scalable Startup

OCTOBER 26, 2014

If the startup actually makes it to an IPO, there is actually something you can do. The Greenshoe is an over-allotment of stock options, up to 15% of the total offering at time of IPO. Upon the IPO event, the option owner can gain the upside if the stock goes up over the initial offering price and essentially collect that difference.

Silicon Valley 25

Silicon Valley Hawaii Angel Investor IPO 25

Up and Running

AUGUST 18, 2014

When I hear the word ‘startup’, my mind immediately begins playing a reel of a bunch of twenty-something year old web developers, huddled together in a retro office somewhere in the SF Bay Area.

Small Business 154

Small Business Exit Strategy Cofounder Angel Investor 154

ReadWriteStart

JULY 18, 2011

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. Every company has a forecast for how it will get to an arbitrary $100 million in revenue and they all hit it on year five. For 10 years there have been no gazelles to take down.

Investment Bankers 153

Investment Bankers Technical Review Cofounder Due Diligence 153

Version One Ventures

OCTOBER 7, 2014

At first glance, Hubspot and Moz are very similar companies: both are popular marketing platforms, use web-based subscription models, and primarily target the SMB market (although larger brands use both). However, as Scott Krager points out in his post, the companies have vastly different approaches for generating revenue.

Initial Public Offering 148

Initial Public Offering IPO SEC Valuation 148

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. VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter.

Internet 335

Internet IPO Silicon Valley Agile 335

Scalable Startup

OCTOBER 26, 2014

If the startup actually makes it to an IPO, there is actually something you can do. The Greenshoe is an over-allotment of stock options, up to 15% of the total offering at time of IPO. Upon the IPO event, the option owner can gain the upside if the stock goes up over the initial offering price and essentially collect that difference.

Silicon Valley 20

Silicon Valley Hawaii Angel Investor IPO 20

Agile VC

MAY 26, 2011

Google is still a private company (their IPO was Aug 2004). The market size for online advertising, e-commerce, and web premium services are 1/10th to 1/3rd the size they are today. It’ll be nearly two years before the concept of “Web 2.0″ ″ is popularized by Tim O’Reilly (the first Web 2.0

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. Startup lifecycle in an IPO Market. Until 1995 startups going public typically had a track record of revenue and profits. Netscape’s 1995 IPO changed the rules. Here’s why. Free At Last.

Venture Capital 303

Venture Capital IPO Liquidity Event Entrepreneur 303

Scalable Startup

AUGUST 26, 2014

the original products can’t generate revenue, so when these OS projects occassionally blow up into phenomenons like Drupal and WordPress have over the past few years, it’s gratifying but also quite frustrating to watch others derive so much value from your baby while you toil away to lead its growth with no financial return.

Founder 42

Founder Los Angeles PHP Open Source 42

Version One Ventures

DECEMBER 14, 2016

forward revenue in February 2016 (the low), they appreciated by 6% each month for the following six months. Of course, upcoming IPOs like Snapchat will bring some added excitement to the industry. In short, Perez believes that we are currently in the deployment period for web and mobile. Yet while they were trading at 3.3x

Technical Review 60

Technical Review Early Stage Portfolio Valuation 60

Steve Blank

JUNE 15, 2011

Today, the signs of the new bubble are the Linked-In initial public offering (IPO), Facebook’s stratospheric valuation and the rapid rise of early-stage startup valuation. Long before others, they saw that these applications could have hundreds of millions of users with “off the chart&# revenue and profits.

Silicon Valley 330

Silicon Valley Stealth Valuation Mississippi 330

This is going to be BIG.

JUNE 19, 2012

I don’t know exactly when the agency to product transfer happened at Buddy, or at what point you can start calling yourself a software company (when service revenues dip below subscription/license revs?), They try to move more of their revenues to be recurring streams than to be hourly charges to a client.

Software 110

Software Media Social Media Advertising 110

abovethecrowd.com

MAY 25, 2011

[Follow Me on Twitter] “ Don’t you know that you are a shooting star, And all the world will love you just as long, As long as you are.” – Paul Rodgers, Shooting Star With the IPO market now blown wide-open, and the media completely infatuated with frothy trades in the bubbly late stage private market, [.].

Revenue 108

Revenue IPO Media Marketing 108

Startup Lessons Learned

SEPTEMBER 22, 2008

is an elegant way to model any service-oriented business: Acquisition Activation Retention Referral Revenue We used a very similar scheme at IMVU, although we werent lucky enough to have started with this framework, and so had to derive a lot of it ourselves via trial and error. The Lean Startup Intensive is tomorrow at Web 2.0.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Startup Lessons Learned

SEPTEMBER 15, 2008

This slinging of whatever against the wall to see what sticks does not a market make, is to me a sign of too much capital in the wrong hands, and it's already the most over invested area in recent years- in both human and financial capital- particularly relative to revenue. The Lean Startup Intensive is tomorrow at Web 2.0.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Both Sides of the Table

MAY 4, 2010

They’ve had a total of 12 deals that have IPO’d. Palm (acquired by HP ) – In our interview we talked about how transformational mobile computing is and why it’s different than web computing (e.g. But LivingSocial is reportedly doing around $180,000 per day in gross revenue. Yes, that’s right.

IPO 236

IPO .Net Venture Capital Strategic Investors 236

BeyondVC

JULY 31, 2008

Anyway, here are the questions and my response: Even though there is uncertainty in the credit markets, a stalled IPO market, and few billion-dollar plus M&A transactions, the investment activity level and appetite for quality businesses in the middle-market continues to be vibrant. IPO vs. M&A)? (My Exit Strategy.

Jordan 60

Jordan Exit Strategy IPO Semantic 60

Version One Ventures

OCTOBER 7, 2014

At first glance, Hubspot and Moz are very similar companies: both are popular marketing platforms, use web-based subscription models, and primarily target the SMB market (although larger brands use both). However, as Scott Krager points out in his post, the companies have vastly different approaches for generating revenue.

Initial Public Offering 77

Initial Public Offering IPO SEC Valuation 77

Startup Lessons Learned

JANUARY 2, 2009

We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. We’d always cringe as we admitted that, no, we really only had a few thousand customers and a few thousand dollars in monthly revenue. Retention cohort analysis. Is there s choice?

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 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. On the other hand, web servers are not a blitzscalable market.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

Startup Lessons Learned

JANUARY 15, 2010

Usually, they are delivering only a fraction of the revenue they promised. Usually, they are delivering only a fraction of the revenue they promised. The Lean Startup Intensive is tomorrow at Web 2.0. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0, Expo SF (May.

Hockey Stick 105

Hockey Stick San Francisco Entrepreneur Lean 105

BeyondVC

NOVEMBER 17, 2006

I am not sure if you saw the news , but Salary.com recently filed for an IPO to raise up to $50 million. Our direct sales group markets and sells our solutions primarily using the telephone and web-based demonstrations. From April 2001 through June 30, 2006, we achieved 21 consecutive quarters of revenue growth. million, $0.9

IPO 60

IPO Investment Bankers Demand Revenue 60

Startup Lessons Learned

DECEMBER 23, 2009

They were accustomed to measuring their progress primarily by gross revenue compared to their targets. They were accustomed to measuring their progress primarily by gross revenue compared to their targets. The Lean Startup Intensive is tomorrow at Web 2.0. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0,

Metrics 167

Metrics San Francisco Lean Continuous Deployment 167

Startup Lessons Learned

JUNE 5, 2009

And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable. In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Startup Lessons Learned

FEBRUARY 20, 2009

If you can start getting ROI on a feature in month one of a twelve month project versus waiting until the end, youve comparatively reduced the cost of development by the revenue generated by that feature over 11 months. The Lean Startup Intensive is tomorrow at Web 2.0. Small batches also help deliver value earlier in the project.

San Francisco 161

San Francisco Software Review Continuous Deployment Development Team Review 161

Hearpreneur

MAY 15, 2016

I started my business because I was sick and tired of web designers charging thousands of dollars and then not responding to calls/emails, taking forever to update things, and eventually disappearing never to be heard from again. It’s a huge problem in the web design industry and it happens all too often.

Entrepreneur 48

Entrepreneur SEO Web Merger 48

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. Drive for a repeatable and scalable business model (revenue in Dave McClure’s investment thesis, “ network of scale &# in Union Square’s.).

Lean 263

Lean Internet Silicon Valley Venture Capital 263

The Next Web

FEBRUARY 19, 2014

It was the biggest IPO the Australian market had seen all year , and sparked a flurry of subsequent listings – but ‘going public’ was not the only option we considered, and until we had progressed our exit strategy to near completion, it also seemed the most unlikely. An IPO requires special preparation of its own, some of it complex.

Prospectus 121

Prospectus IPO Exit Strategy Private Equity 121

Steve Blank

JUNE 17, 2011

They helped build these struggling ventures into the Facebooks’, Twitters’, and Zyngas’ before anyone else appreciated these companies could have hundreds of millions of users with off-the-chart revenue and profits. Really smart money recognizes it’s a bubble and bets against it.) The question is, are we in a new tech bubble?

Investment Bankers 316

Investment Bankers Stock Valuation Venture Capital 316

Agile VC

AUGUST 1, 2012

The best example of this was Facebook’s disclosure during their IPO process back in May that “mobile” usage was increasing significantly but FB’s monetization of mobile users lagged considerably. Gaming is still the largest category, where you see multiple mobile game companies with $100M+ revenue (e.g.

Mobile 160

Mobile Advertising Bandwidth Web 160