The Next Web

SEPTEMBER 13, 2013

The rest of Asia is still developing with far more angel and early-stage investors than mid-to-later stage folks. Singapore is by far the most developed behind those big three markets with government schemes attracting over a dozen early stage firms to set up shop here (e.g. This is driven both by supply and demand.

Asia 132

Asia Silicon Valley India Term Sheet 132

thebarefootvc

JANUARY 27, 2014

I think that later stage valuations are frothy (for reasons I explain below) while earlier stage valuations are starting to stabilize from previous highs (with the exception of the superstar serial entrepreneur) - turns out scaling in a sea of competition (both startup and entrenched) is not so easy. Which leads to….

Technical Review 63

Technical Review Valuation Venture Capital Investment Bankers 63

ConversionXL

JUNE 2, 2022

In this article, you’ll learn how to define your ABM strategy so you can target the right accounts and increase your revenue. Think of it as a filter that helps you find the highest chance of return on investment, revenue potential, and profitability. Cloud-based data warehouse Snowflake had an ambitious goal to triple its revenue.

Customer 98

Customer Marketing Channel Acquisition 98

Steve Blank

JUNE 11, 2013

The test is: If you add one more sales person or spend more marketing dollars, does your sales revenue go up by more than your expenses? What are revenue strategy and pricing tactics? These sources are a lot more forgiving of iterations and pivots than later-stage venture-capital funds. When to raise money.

Venture Capital 335

Venture Capital IRR Liquidity Event Business Model 335

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. We’re not mainly for B2B companies or later stage companies or anything like that.

New York 114

New York Technical Review Networking Advisory Board 114

Steve Blank

JUNE 15, 2011

Long before others, they saw that these applications could have hundreds of millions of users with “off the chart&# revenue and profits. The awareness phase is where other later-stage investors start to notice the momentum, bringing additional money in and pushing prices higher. We have just entered the mania phase.

Silicon Valley 331

Silicon Valley Stealth Valuation Mississippi 331

Startup Professionals Musings

JUNE 13, 2020

Angels are more likely to fund new entrepreneurs, and early-stage or seed rounds, while VCs tend to focus on entrepreneurs with a successful track record, and later stage rounds. VCs tend to demand more control of your spending and strategic decisions, with required board seats and lower valuations.

Angel Investor 314

Angel Investor Entrepreneur IRR Valuation 314

Startup Professionals Musings

FEBRUARY 5, 2012

You also will find that the stage your startup is in dictates where you go to seek funding. Funding sources specialize in certain growth stages. Angel investors typically provide early-stage funding, while venture capital firms typically come in at later stages. Growth stage. Exit stage.

Investment Bankers 241

Investment Bankers Venture Capital Startup Initial Public Offering 241

Startup Professionals Musings

OCTOBER 13, 2010

You also will find that the stage your startup is in dictates where you go to seek funding. Funding sources specialize in certain growth stages. Angel investors typically provide early-stage funding, while venture capital firms typically come in at later stages. Growth stage. Exit stage.

Investment Bankers 231

Investment Bankers Venture Capital Startup Initial Public Offering 231

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. 3) Raise capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

AUGUST 2, 2014

Angels are more likely to fund new entrepreneurs, and early-stage or seed rounds, while VCs tend to focus on entrepreneurs with a successful track record, and later stage rounds. VCs tend to demand more control of your spending and strategic decisions, with required board seats and lower valuations.

Angel Investor 266

Angel Investor Entrepreneur Venture Capital IRR 266

David Teten

SEPTEMBER 23, 2017

Even for later-stage companies with predictable financials, the lack of liquidity, audited financials, and standardized metrics creates real challenges to scaling quantitative investing. Later stage investors are using private company marketplace services focused on more established companies, listed below under “Exit Investments”.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Steve Blank

JUNE 11, 2013

The test is: If you add one more sales person or spend more marketing dollars, does your sales revenue go up by more than your expenses? What are revenue strategy and pricing tactics? These sources are a lot more forgiving of iterations and pivots than later-stage venture-capital funds. When to raise money.

Venture Capital 227

Venture Capital IRR Liquidity Event Business Model 227

Startup Professionals Musings

MARCH 12, 2023

Angels are more likely to fund new entrepreneurs, and early-stage or seed rounds, while VCs tend to focus on entrepreneurs with a successful track record, and later stage rounds. VCs tend to demand more control of your spending and strategic decisions, with required board seats and lower valuations.

Angel Investor 246

Angel Investor IRR Venture Capital Valuation 246

Startup Professionals Musings

SEPTEMBER 11, 2013

Most just don’t enjoy all the challenges of communicating to analysts, placating demanding stockholders, and keeping up with legal reporting requirement. As best, you should reserve this option for later stage VC discussions, once you have a well-proven business model, large market following, and substantial revenue.

IPO 242

IPO SEC Prospectus Startup 242

Startup Professionals Musings

MAY 29, 2022

Most just don’t enjoy all the challenges of communicating to analysts, placating demanding stockholders, and keeping up with legal reporting requirement. As best, you should reserve this option for later stage VC discussions, once you have a well-proven business model, large market following, and substantial revenue.

IPO 245

IPO SEC Prospectus Startup 245

www.mint.com

MARCH 9, 2010

If the answer to the question centers around “We will achieve revenue soon so our net will improve and give us more runway,” it means the company is in trouble because no product ever ships on time nor achieves the company’s “conservative forecast.” These days revenue is the best source of capital. Who is on your board of directors?

Software Review 68

Software Review Startup Post-Money Valuation Technical Review 68

Gust

NOVEMBER 22, 2011

You also will find that the stage your startup is in dictates where you go to seek funding. Funding sources specialize in certain growth stages. Angel investors typically provide early-stage funding, while venture capital firms typically come in at later stages. Growth stage. Exit stage.

Venture Capital 171

Venture Capital Investment Bankers Angel Investor Initial Public Offering 171

The Equity Kicker

AUGUST 19, 2015

If you read this Techrunch post profiling 50 of the current YC companies you will notice that many of them are up and running with customers and revenues. In the words of an alum from the 2006 cohort: Companies are joining YC at a much later stage. Better often means less risky, and hence more mature companies.

Later Stage 60

Later Stage Private Equity Venture Capital Valuation 60

The Startup Magazine

OCTOBER 24, 2018

It can function both as an HD live broadcasting and as on-demand video streaming solution. You can go with the base plan for starters and choose to upgrade in the later stages for additional features such as full API access and multiple monetization options. Pay Per View model of Revenue generation. 2. Vidizmo.

Software 135

Software Bandwidth API Flash 135

View from Seed

FEBRUARY 27, 2019

accounting/controller, FP&A, demand forecasting, etc.?—?but This skillset is usually not required / less important until later stage of the business when you’re wrestling with more complex questions, such as “what are the predictive indicators of churn?”, “what’s the forecasted LTV of given customer cohort?”,

Analytics 149

Analytics Hiring SQL Forecast 149

Both Sides of the Table

FEBRUARY 14, 2016

The Laws of Supply & Demand. The most basic chart of microeconomics is a supply & demand curve. Demand represents a buyer and supply a seller. Some products are “inelastic” meaning when prices go up demand doesn’t fall much (think cigarettes, alcohol or even illicit drugs). goes into a startup.

Valuation 150

Valuation Down Round Startup Later Stage 150

VC Cafe

JANUARY 2, 2023

While 7,838 tech jobs were lost across 120 companies in 2022, according to an analysis by Tech12 , the demand for engineers remained high with 13,100 open engineering roles. As a result, I expect to see slower pace of investing across stages. Lower valuations , especially in later stage. Source: Vintage ). billion to $17.1

Valuation 158

Valuation Down Round Israel Venture Capital 158

Both Sides of the Table

MAY 13, 2018

People who believe the former believe that you should see the market demand before too many people know you’re “in market.” Sometimes engagement at the later stages seems to go dry. Sometimes I encourage teams to create new analysis on cohorts, future revenue projections, competitor reviews, pricing studies, etc.

Term Sheet 332

Term Sheet Due Diligence Campaign Sales 332

ReadWriteStart

MARCH 3, 2021

First, we need to address the core challenges of developing effective early-stage growth strategies for new businesses. Many new businesses have a small customer base, limited revenue, and a finite amount of funding to work with. Without new customers, there’s no new revenue, and therefore no engine of growth to tap into.

Early Stage 125

Early Stage PPC Retention Churn Rate 125

Startup Professionals Musings

JUNE 5, 2016

Angels are more likely to fund new entrepreneurs, and early-stage or seed rounds, while VCs tend to focus on entrepreneurs with a successful track record, and later stage rounds. VCs tend to demand more control of your spending and strategic decisions, with required board seats and lower valuations.

Angel Investor 120

Angel Investor IRR Valuation Startup 120

Steve Blank

OCTOBER 1, 2009

Sloan put in place GM’s management accounting system (borrowed from DuPont) that for the first time allowed the company to: 1) produce an annual operating forecast that compared each division’s forecast (revenue, costs, capital requirements and return on investment) with the company’s financial goals. auto market with 60% of the U.S.

Silicon Valley 184

Silicon Valley United States RSS Customer Development 184

VC Cafe

JANUARY 10, 2011

Zend has shown significant traction, having reached record revenue growth in 2010, while servicing large enterprise clients such as NYSE Euronext, GE and Cisco.

Private Equity 87

Private Equity Equity PHP Israel 87

www.paulgraham.com

APRIL 28, 2010

A lawyer I asked about it said: When the company goes public, the SEC will carefully study all prior issuances of stock by the company and demand that it take immediate action to cure any past violations of securities laws. There never has to be atime when you have no revenues. The problems are different in the early stages.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

K9 Ventures

OCTOBER 10, 2017

In order for a company to attract a full Seed round ($2M – $3M), that company needs to show an almost completed product, an advanced prototype, or some kind of traction/demand metrics. Seed is the new Series A. (~$2M used get for building product, establishing product-market fit and early revenue). Series B is the new Series C.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

This is going to be BIG.

MAY 9, 2022

5) Is the post-money on your last round north of $30mm and you’ve yet to show meaningful and repeatable revenue traction that comes with positive contribution margins? 3) Do you need to raise a large amount of growth capital in 2022? 4) Are you struggling to get to unit profitability? If so, yeah, then I’d say I’d be concerned.

Stock 97

Stock Marketing Valuation Later Stage 97

abovethecrowd.com

APRIL 20, 2016

A high performing, high-growth SAAS company that may have been worth 10 or more times revenue was suddenly worth 4-7 times revenue. Some later-stage investors may be tempted to become Sharks themselves and start including structured terms into their own term sheets. The same thing happened to many Internet stocks.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

This is going to be BIG.

MARCH 30, 2015

I have a feeling that a lot of these "on demand" companies aren''t going to be as gamechanging as we think--and will come back down to earth with valuations that look more like temp agencies than the next big thing. Because companies today have way more revenues than the companies that went public or had huge up rounds back then.

Hockey Stick 60

Hockey Stick Valuation Startup Maryland 60

Hippoland

DECEMBER 4, 2016

Roughly speaking, there are 4 stages of early stage investing based on traction: Pre-seed: < $100k net revenue run rate Seed: $100k-$500k net revenue run rate Post-seed: $500k-$2M net revenue run rate Series A: $2M+ net revenue run rate Note: Your ability to raise is NOT just about your traction.

Silicon Valley 48

Silicon Valley .Net Revenue Later Stage 48

Software By Rob

JANUARY 8, 2019

Hundreds and hundreds of tweets, re-tweets, likes, Hacker News upvotes, email responses…it was immediately obvious that there is pent up demand for this kind of alternative early-stage startup funding. We’re a SaaS accelerator, and accelerators focus on early-stage companies. The response was overwhelming.

Early Stage 46

Early Stage Valuation Seed Capital Revenue 46

Hippoland

MARCH 5, 2017

3) Tell all potential VCs about where your conversations stand with other VCs If you are going into second round / later stage meetings with VCs, make sure all the VCs you’re talking to know this. “I Valuations are the result of supply and demand — not based on your progress / revenue.

Term Sheet 48

Term Sheet Valuation Later Stage Aggregator 48

techcrunch.com

FEBRUARY 19, 2010

Respondents deemed between 12%-16% of companies generating revenues to be essentially “worthless” and deemed 20%-26% of their pre-revenue investments to be “worthless.” Spend the time raising money yourself, using oblique sources of revenue such as contract work or any one of a hundred others. Add to this that 72.7% Translation?

Venture Capital 62

Venture Capital Technical Review Sweat Equity Valuation 62