Feld Thoughts

JUNE 20, 2014

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies. We are equally happy to syndicate with one or two other VC firms.

Early Stage 147

Early Stage Later Stage Syndicate Syndication 147

Feld Thoughts

JUNE 20, 2014

But the USV Opportunity Fund was the first time, at least in the post 2001-Internet bubble cycle (or last decade, if you want to put it that way) where an early stage firm created a separate fund to invest in late stage rounds of their existing early-stage portfolio companies. We are equally happy to syndicate with one or two other VC firms.

Early Stage 108

Early Stage Later Stage Syndicate Syndication 108

Agile VC

MARCH 8, 2012

But even during the macroeconomic boom of 2004 to early 2008 (inflated by various credit bubbles – housing, sovereign debt, LBOs) tech IPOs were extremely rare and then the global economic crisis of late 2008 – 2010 only further dampened hopes for a recovery. Zynga – 8x+ trailing revenue. Carbonite – 3.4x

IPO 100

IPO Silicon Valley Revenue Seed Stage 100

Agile VC

FEBRUARY 2, 2012

Founded : Spring 2004, incorporated July 2004. Facebook estimates they already have 60% of addressable US internet users. How to Evaluate Firms for a Seed VC Syndicate 10 July 2012, 5:13 pm What A VC Orders for Breakfast Says 27 June 2012, 10:16 am To Leave or Not to Leave as Your Startup Grows 12 June 2012, 12:21 pm.

IPO 100

IPO South Korea Venezuela Revenue 100

Agile VC

MAY 26, 2011

Google is still a private company (their IPO was Aug 2004). is the leading consumer internet company with Terry Semel as CEO. conference happened at the end of 2004). One partnership was clearly very divided and a vocal minority of GPs thought consumer internet companies were a massive waste of time and money.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Agile VC

MARCH 13, 2012

While it was still a college-focused SNS, Facebook of course launched in 2004 and there were plenty of other examples of social networking already… Friendster (2002), LinkedIn (2003), MySpace (2003), Orkut (2004). It was filed in 2005 and issued in 2010 which means there was a good deal of prior art around SNS before Yahoo filed.

IP 100

IP IPO Social Network Silicon Valley 100

OnlyOnce

MAY 1, 2019

As you may know, the title of this blog, OnlyOnce, comes from a blog post written by my friend and board member Fred Wilson from Union Square Ventures entitled You Are Only a First-Time CEO Once , which he wrote back in 2003 or 2004. That inspired me to create a blog for entrepreneurs and leaders. But the company is unusual in many respects.

Syndicate 48

Syndicate Syndication Affiliate Cofounder 48