Remove 2001 Remove Finance Remove Partner
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In a Strong Wind Even Turkeys Can Fly

Both Sides of the Table

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. On July 27th, 2001 Accenture IPO’s and many of the partners grew fabulously wealthy. Don’t be psyched out by your competitors big financing round, latest product release or business development deal.

Turkey 302
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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Partners leave the industry. VC will shrink.

LP 311
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Praying to the God of Valuation

Both Sides of the Table

2001–2007: THE BUILDING YEARS The dot com bubble had burst. Almost no financings, many VCs and tech startups cratered for the second time in less than a decade following the dot com bursting. Until we weren’t. Nobody cared about our valuations any more. We had nascent revenues, ridiculous cost structures and unrealistic valuations.

Valuation 466
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Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

I had come from a world where I was nearly a partner at Accenture before starting my first company. We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company. It isn’t always necessary but it’s a mindset.

Warrant 333
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What Makes an Entrepreneur (4/11) – Resiliency

Both Sides of the Table

This was soon after the bursting of the dot com bubble – in early 2001. The first came from the CEO of iScraper telling me that they would not be able to complete the deal – their investor, Apax Partners, had decided not to proceed despite verbal assurances that they would. And then I got a few disturbing calls.

Germany 298
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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

Or worse yet they may never get financed. Raise at “ the top end of normal &# but not so high that future financings in a corrected market become impossible. An obvious example is Google who may have gotten less market attention if there would have been 8 well-financed competitors during the 2001-2005 timeframe.

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. A good piece covering the contracting VC market is by Bill Gurley So partners at many firms are racing around to the limited number of pension funds, endowments, insurance companies, family offices, etc.

Burn Rate 263