Steve Blank

OCTOBER 24, 2017

. — Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Technology cycles have become a treadmill, and for startups to survive they need to be on a continuous innovation cycle.

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Founder Technical Review CTO Hire IPO 245

The Startup Magazine

FEBRUARY 26, 2024

Late-stage investing is about fueling the rockets, providing the capital necessary for scaling up operations, entering new markets, and, ultimately, preparing for an exit, be it an IPO or acquisition. The future may see a shift in investment focus, with emerging technologies and untapped markets offering new frontiers for exploration.

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Venture Capital Technical Review Due Diligence Early Stage 119

ReadWriteStart

APRIL 1, 2021

Everyone loves an IPO. For tech startups , an IPO represents the ultimate validation of their vision — not to mention a prime opportunity to raise enough capital to turbocharge growth. Here’s How to Prepare for an IPO. As it turns out, we love IPOs so much that the pandemic did not affect the number of companies going public.

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IPO Demand Framework Analytics 138

Steve Blank

APRIL 10, 2019

Startup Compensation Changes with Growth Capital – 12 Years to an IPO. The three examples Suster uses – Salesforce, Google and Amazon – show how much more valuable the companies were after their IPOs. The rationale was that since there was no way for investors to make money until then, neither should anyone else.

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Stock Options Stock Vesting Common Stock 333

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. Then the cycle repeats with a new set of technologies. IPOs dried up. Then one day it was over.

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Lean Burn Rate Startup IPO 335

Both Sides of the Table

FEBRUARY 12, 2019

As a result of the IPO window shifting we saw a massive inflow of public-market capital into the latest stages of venture. The reality is that as a result of two major trends the costs of starting a technology startup went down massively. Well, both of those things happened but they were lagging indicators.

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Venture Capital Technical Review Seed Stage IPO 328

ReadWriteStart

FEBRUARY 13, 2020

The problem most startups have — aside from reaching the critical mass necessary to support an initial public offering (IPO) — is deciding exactly when the conditions are exactly right to go public. Here are three IPO lessons and what they hold for today’s startups. Uber — May 9th, 2019.

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IPO Startup Stock Initial Public Offering 147

VC Cafe

MARCH 11, 2010

T aking a company through an initial public offering (IPO) is not an easy task. It’s also an uncertain exit for the entrepreneurs, as they are typically restricted to sell any of their stock in the first 180 days following the IPO, and even then they can sell no more than 1% of stock a month. The company has $15.4 percent). —

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IPO SEC Initial Public Offering Stock 68

Ben's Blog

AUGUST 31, 2020

IN THIS EDITION Fintech products ease more Americans into the stock market In defense of the IPO, and how to improve it What’s inside your (mobile) bank? As the national dialogue on income equality and financial inclusion continues, I’m encouraged to see technology companies pave the way for the consumers that have often been excluded.

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IPO Stock Software Review API 36

Both Sides of the Table

SEPTEMBER 15, 2022

What You Can Learn From Public Markets It doesn’t really take a genius to realize that what happens in the public markets will filter back to the private markets because the ultimate exit of these companies is either an IPO or an acquisition (often by a public company whose valuation is fixed daily by the market).

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Technical Review Pre-Money Valuation San Francisco Valuation 416

Startup Professionals Musings

DECEMBER 26, 2013

Initial Public Offerings (IPO) are back as an exit strategy. That is a 65% increase in the number of IPOs over 2012, and the highest proceeds raised since the year 2000. Most now routinely buy startups for new technology and new products. business entrepreneur investment IPO social media startup' Marty Zwilling.

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IPO Entrepreneur Social Media Startup 273

Feld Thoughts

MAY 28, 2015

Congrats to my friends at Rally Software on the announcement that they’ve signed a definitive agreement to be acquired by CA Technologies for $480 million. Rally started out life as F4 Technologies. Million To The Boulder Community after their IPO.

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Software Technology Agile SCRUM 70

Both Sides of the Table

DECEMBER 11, 2022

I was in it for the love of working with entrepreneurs on business problems and marveling at technology they had built. In retrospect it was a blessing for anybody becoming a VC back then because there were no expectations, no pressure, no FOMO and you could figure out where you wanted to make your mark in the world.

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Valuation San Francisco Ratchet Liquidation Preference 466

Startup Professionals Musings

DECEMBER 20, 2019

Initial Public Offerings (IPO) are back as an exit strategy. Most now routinely buy startups for new technology and new products. Three of these, JUUL Labs, Didi Chuxing, and Toutiao have already passed $50 billion. Thus a record number of entrepreneurs (and team members) are getting rich. Women are a growing force as entrepreneurs.

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North America Incubator Initial Public Offering Valuation 320

Startup Professionals Musings

JUNE 26, 2020

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. Use non-fuzzy terms to quantify customer value. Most investors don’t want long-term commitments.

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Business Plan Product Intellectual Property Elevator Pitch 423

David Teten

JANUARY 10, 2012

17, on “How Investors Are Increasing Their Returns Through Collaboration and Technology”. The first panel will focus on public markets and will discuss the use and effectiveness of social media tools and data mining technologies in harnessing the wisdom of crowds to generate investment ideas.

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Technical Review Technology North Carolina Switzerland 128

VC Cafe

JANUARY 24, 2021

The move to remote work forced quick adoption of cloud technology and tools that were once having difficulties selling to large corporates, saw explosive growth – from Zoom to Hopin, new unicorns were born in record time. I also believe that there was a fundamental change in consumer behaviour.

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Technical Review Audio Forecast Cloud 207

abovethecrowd.com

FEBRUARY 24, 2015

Every successful technology company raises money throughout its lifecycle, perhaps starting with a seed investment and progressing through Series A, B, C, late-stage investments, and, for the most successful companies, an IPO. Lost in this conversation are the dramatic differences between a high priced private round and an IPO.

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IPO Liquidation Preference Valuation Technical Review 40

Steve Blank

JANUARY 22, 2014

Dino Vendetti a VC at Bay Partners, moved up to Bend, Oregon on a mission to engineer Bend into a regional technology cluster. Today with every city, state and country trying to build out a technology cluster, following Dino’s progress can provide others with a roadmap of what’s worked and what has not.

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Early Stage Silicon Valley Oregon Technical Review 286

YoungUpstarts

OCTOBER 23, 2017

This combinatorial model works because it’s diversified, can best withstand bear markets, benefits from technological synergies, and it’s the mix of products and services clients value. To dig deeper, let’s first review the influence of technology on the core components. However each component will change dramatically.

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Technical Review Artificial Inteligence Software Review IPO 108

Agile VC

NOVEMBER 6, 2013

Twitter’s IPO has garnered a ton of attention in the tech and popular press. So their revenue figures, pre IPO financing and ownership, and other info is all widely available. Growth IPOs Are Back. Instagram hadn’t built a true business (e.g. Value of Media vs E-Commerce vs Premium Services.

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IPO Aggregator B2B Internet 194

Seeing Both Sides

JULY 22, 2012

Over a year and a half ago, I did a two-part blog post on the East Coast IPO malaise – one focused on Boston (Massachusetts more broadly), another focused on New York. On the heels of the successful Kayak IPO, I thought I would do a retrospective look back. Meanwhile, not a single New York technology IPO has taken place.

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Boston IPO Technical Review New York 52

Version One Ventures

JANUARY 4, 2021

This will be Version One’s first prospective IPO! For a second consecutive year , Jobber was named one of the fastest-growing companies in North America on Deloitte’s 2020 Technology Fast 500. . Let’s ride this momentum into 2021! . Announcements. Zenput was named a Great Place to Work ! . Product news.

Portfolio 148

Portfolio Technical Review Securities and Exchange Commission North America 148

Ben's Blog

MAY 24, 2021

IPO market. There are a number of trends concerning IPOs and capital formation to note: First, the raw number of IPOs has declined significantly: From 1980-2000, the US averaged roughly 300 IPOs per year; from 2001-2016, the average fell to 108 per year. In the first quarter of 2021 alone, SPACs raised $87.9

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Accredited Investor IPO SEC Technical Review 36

Version One Ventures

DECEMBER 14, 2021

2021 might be remembered as the year the world started to fully embrace the opportunity that the technology sector has to offer… . Every company is now a tech company and multiple technology cycles are going on at the same time – from mobile and cloud to AR/VR, crypto and climate.

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Technical Review North America Portfolio IPO 87

The Startup Magazine

MARCH 14, 2022

And with the technology available these days, it is convenient to invest in emerging startups. 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! Indians have excelled on the domestic front and across nations.

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Technical Review Due Diligence India Startup 138

Steve Blank

JULY 11, 2017

In the last decade, technology investors realized that these professional CEOs were effective at maximizing, but not finding, product cycles. Yet technology cycles have become a treadmill, and to survive startups need to be on a continuous innovation cycle. These new CEOs would also act as a brake to temper the founder’s excesses.

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Part-Time VPE Liquidity Event Stock Engineer 308

The Startup Magazine

SEPTEMBER 16, 2019

As you move from startup to scaleup, and then to a corporate entity preparing for an IPO for your exit, you learn how to stay focused. Preparing for an IPO. They need to have everything in place before they start planning an IPO. Your significant investors will govern everything you make and do after the IPO.

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IPO Angel Investor Stock Investment Bankers 81

Startup Professionals Musings

JULY 3, 2015

For financial reasons alone, an IPO is a statistically rare phenomenon, happening just 275 times in 2014 , out of almost 500,000 startups. As an advisor and mentor to startups, I try to make sure entrepreneurs understand both the pros and cons of an IPO as an exit strategy.

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IPO Initial Public Offering Entrepreneur Private Equity 120

Steve Blank

SEPTEMBER 14, 2009

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. 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.)

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Silicon Valley IPO Technical Review Venture Capital 217

View from Seed

JANUARY 24, 2018

Although we have companies that are leveraging all of these technologies, we’ve realized that the best companies tend not to be easily categorized and don’t necessarily fit the standard playbooks. Pierre was also named to MIT Technology Review ‘s Innovators Under 35 list. We are not an AR/VR, blockchain, AI, or ecommerce fund.

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Operations Cofounder Technical Review Angel Investor 176

Startup Professionals Musings

JULY 19, 2015

Initial Public Offerings (IPO) are back as an exit strategy. Last year was the most active year for IPOs in the United States since 2000. 275 IPOs were completed in 2014, topping the 2013 total of 222 by more than 23%. IPO proceeds also shattered 2013’s high-water mark of $55 billion, with an impressive $85 billion in proceeds.

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IPO Angel Investor Startup Incubator 120

The Startup Magazine

AUGUST 3, 2021

To assist his consulting firm clients with attracting investors willing to fund an unknown business, Luke Lazarus uses an IPO or acquisition model to ensure the highest possible value for his client’s organization. People also use voice recognition in their cars, on their home computers, and with their portable devices.

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United States Entrepreneur Angel Investor Social Media 167

Start Up Blog

MAY 13, 2019

Last Friday night, I did a TV interview on ABC regarding Uber’s long awaited IPO. An IPO is when a company first becomes a publicly traded stock that anyone can buy and hold. Amazon IPO 1997 – 2 years after it was founded. Google IPO 2004 – 5 years after it was founded.

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IPO Valuation Stock Cost 48

Start Up Blog

DECEMBER 29, 2019

It’s pretty easy to forget how much a new technology changes our lives once it’s adopted. Sure, some new technologies are like shooting stars, but some change everything forever. What happened: Edward Snowden’s NSA revelations + Facebook goes public with IPO. Welcome to the Zuckerberg Dynasty.

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Technical Review China IPO Vesting 105

Both Sides of the Table

JULY 23, 2014

Cheap, mobile, social, global, massive, always-on, one-click-purchase has led to the most successful companies of our era hitting unprecedented scale early in their development and has massively shifted the value captured from post-IPO investors to pre-IPO investors as is demonstrated in the chart above.

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Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

OCTOBER 21, 2009

Projected IPOs for 2009 are an embarrassing 10 total deals, down from 86 just 2 years ago (it was 265 in the go-go years of 99-00) but at least up from 6 in 2008. the people who buy companies) in Q2 of this year of technology & media companies. Montgomery expects M&A to rebound to the normal recent levels at 450 deals by 2010.

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Technical Review IPO Southern California Venture Capital 241