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Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. The browser and thus the WWW and the first Internet businesses were born circa 1994–95 and there was a golden period where anything seemed possible. We had nascent revenues, ridiculous cost structures and unrealistic valuations. There was no money train. It was 1991.

Valuation 466
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

it is also the title of a fabulous book from Internet 1.0 by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. Gross burn is the total amount of money you are spending per month.

Burn Rate 383
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Start-ups are all Naked in the Mirror

Both Sides of the Table

I started my first company in 1999 in London at the height of the dot com craze. We went through the euphoria of massive exposure at the time of our launch due to an article that ran in the Financial Times. Our software wasn’t fully baked. We had one of the largest US software companies talk about buying us.

PR 331
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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

is the leading consumer internet company with Terry Semel as CEO. One partnership was clearly very divided and a vocal minority of GPs thought consumer internet companies were a massive waste of time and money. Consumer internet plays in Canada are rare, and finding a VC willing to give you the cash to scale is even more so.

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It’s Morning in Venture Capital

Both Sides of the Table

Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1. If you want to understand the details of why this is, I covered it in detail in this post, Understanding Changes in the Software Industry.

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The unimportance of product names

37signals.com

Established 1999 in Chicago. Over 1 million people use 37signals simple web-based software to collaborate on projects, track contacts, and organize their business with an intranet. I was initially unfamiliar with project management software, and the name helped me understand why exactly I should give basecamp a shot. 27 Apr 10.

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28 Entrepreneurs Discuss Why they Started Their Businesses

Hearpreneur

In January of 1999, I co-founded a marketing agency with a former boss. I was searching the internet for hours hoping to find the perfect gift to commemorate a special date in the life of my fiancé, Steve. I started thinking about other types of businesses I could run, and I thought software was really appealing. software.