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. The startup process has become demystified – information is everywhere. Not every startup ended up this way. Board Control.

Founder 278

Founder Technical Review CTO Hire IPO 278

VC Cafe

JANUARY 24, 2012

Reports on the drop of local VC financing in Israel don’t tell the whole story. ” the Economist observed that there has been a change in the Israeli startup landscape. However, Israeli startups are slowly making a transition – building larger companies and establishing brands. billion raised in 2009.

Israel 111

Israel Technical Review IPO Startup 111

Both Sides of the Table

JUNE 5, 2011

2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. That’s the deal you get when you’re raising in a good market for startup financing.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

YoungUpstarts

NOVEMBER 19, 2017

There is a thin line between success and failure for startups, and that is usually determined by capital. The more capital a startup has, the easier it is to get off the ground and ramp up growth. In turn, this leads to the development of a thriving startup ecosystem which paves the way for technology and innovation.

Venture Capital 196

Venture Capital Asia Later Stage Artificial Inteligence 196

YoungUpstarts

JUNE 1, 2016

Full disclosure – any kind of financing comes with costs, whether it’s interest payments, equity, and/or your very valuable time which, as an entrepreneur, is the thing you will always wish you had more of. Purchase order financing. The good news is that technology has opened up avenues that didn’t exist 10 years ago.

Finance 100

Finance Angel Investor Cofounder Later Stage 100

Both Sides of the Table

MAY 24, 2021

But markets have changed and I think investors, founders and experienced executives who want to join later-stage startups can all benefit from playing the long game. This “overnight success” was first financed in 2004. It literally drove FOMO. This is true in consumer but it’s also true in enterprise software.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

Both Sides of the Table

MAY 4, 2013

When you are raising a large, later-stage round given by this time you’ve likely got a fairly large business to run. I would gladly work with you on a $50 million late-stage, complex financing. Advice to VCs Startup Advice' International money. Otherwise, “why I am so lucky?”

Early Stage 361

Early Stage Deal Flow Investment Bankers Technical Review 361

Both Sides of the Table

MAY 4, 2013

When you are raising a large, later-stage round given by this time you’ve likely got a fairly large business to run. But I think there is a down side that I see in startups that raise artificially at prices above what a normal market might value. And I’m seeing this even at some really well run startups.

Deal Flow 347

Deal Flow Early Stage Investment Bankers Technical Review 347

VC Cafe

JANUARY 24, 2012

Reports on the drop of local VC financing in Israel don’t tell the whole story. ” the Economist observed that there has been a change in the Israeli startup landscape. However, Israeli startups are slowly making a transition – building larger companies and establishing brands. billion raised in 2009.

Israel 60

Israel Technical Review IPO Startup 60

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.

Technical Review 63

Technical Review Valuation Venture Capital Investment Bankers 63

Both Sides of the Table

MAY 27, 2013

In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, product management, client services, finance, vp engineering and more. I would say the norm for many early-stage companies is somewhere between 6-10 in-person meetings per year. Startup Advice' Have topics.

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

VC Adventure

AUGUST 15, 2018

It was and is imprecise science but – at least in the case of venture backed startups – there wasn’t much harm in an option being priced low. These reports are generally quite lengthy and not always particularly comprehensible to non-finance professionals. I was wrong.

Valuation 48

Valuation Common Stock Cap Table Software Review 48

View from Seed

JUNE 7, 2016

Today we’re thrilled to re-launch our most popular resource ever: board deck templates for seed-stage startups. But whatever the reason to avoid it, there are much better reasons to pursue holding board meetings early in the life of a startup. Since then, they’ve been downloaded hundreds of thousands of times.

Seed Stage 120

Seed Stage Founder Seed Capital Institutional Investors 120

Both Sides of the Table

JUNE 19, 2017

How Much Capital You Have Raised / Your Runway In general I recommend that in early-stage startups you try to raise at least 15-18 months of runway. How Much Capital You Have Raised / Your Runway In general I recommend that in early-stage startups you try to raise at least 15-18 months of runway. million for 18 months.

Burn Rate 212

Burn Rate Startup .Net Venture Capital 212

Both Sides of the Table

AUGUST 24, 2015

At least later stage investors. This could have an impact on later-stage valuations. The one thing that has become clear to me over the last couple of months is the skepticism that many late-stage VCs (and LPs) have had about late-stage valuations. I have to assume other investors feel the way I do.

Stock 150

Stock Finance Marketing Valuation 150

This is going to be BIG.

SEPTEMBER 30, 2012

How would they know unless they surveyed a critical mass of startups all at the same stage now and then three years ago or so to compare? David's firm most recently participated in the $77 million second round financing of SoFi, a one year old startup focusing on student loans. The tablet market has absolutely exploded.

Venture Capital 130

Venture Capital Marketing Term Sheet Software Review 130

David Teten

JANUARY 21, 2021

VI: Revenue-based financing: The next step for private equity and early-stage investment. This is a summary of: Revenue-Based financing: State of the Industry 2020. GCVF is pioneering the future of venture capital and high growth startups for all small communities. IV: Should your new VC fund use Revenue-Based Investing?

Equity 78

Equity Revenue Cofounder Colorado 78

Both Sides of the Table

JUNE 27, 2021

Shots on Goal Being great as a startup technology investor of course requires a lot of things to come together: You need to have strong insights into where technology markets are heading and where value in the future will be created and sustained You need be perfect with your market timing. On Funding?—?Shots

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

View from Seed

DECEMBER 6, 2018

And seed VCs, especially as new firms were being established, were eager to encourage their portfolio startups to plant that flag in the ground publicly. It seemed like every other TechCrunch post was announcing a startups’s new seed financing round. Seed stage companies just aren’t announcing their rounds anymore.

Seed Stage 201

Seed Stage Stealth Seed Capital Later Stage 201

Steve Blank

APRIL 12, 2013

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. The first wave of startups began when R&D centers and universities began to provide the technology and seed capital for new startups that were spin-outs or spin-offs. All the usual caveats apply.

Venture Capital 279

Venture Capital China Offshore SBIR 279

Feld Thoughts

MARCH 24, 2017

Foundry Group is best known for our investments in startups, but our vehicle currently investing in other venture funds, Foundry Group Next, is off to what we believe to be a great start and I wanted to share an update about it by talking about our new investment in a fund managed by Founder Collective.

Founder 75

Founder LP Technical Review Seed Stage 75

David Teten

MAY 9, 2012

We are in the midst of two great disruptions to American business: the internet’s ongoing disruption of most traditional industries: finance, healthcare, retail, finance, fashion, etc. Women-owned businesses, according to the Forte Foundation represent about 775,000 new startups per year. According to the U.S.

Venture Capital 154

Venture Capital Programming Accredited Investor New York 154

Both Sides of the Table

JULY 27, 2014

We both agree that the later-stage valuations are being driven up to a point that feels irrationally priced [he uses b-round SaaS valuations as an example and I am willing to be even more broad based]. He said that a16z prefers to invest earlier stage in these types of businesses. Startup Lessons' And we ended.

Valuation 309

Valuation Pre-Money Valuation Non-Compete Later Stage 309

Gust

OCTOBER 3, 2011

For a first time entrepreneur trying to figure out the arcane world of startup financing, it can be very confusing to understand the roles that different types of investors play in funding promising companies, as well as the point in a company’s life at which they enter the stage.

Finance 70

Finance Venture Capital Intellectual Property Early Stage 70

Gust

SEPTEMBER 5, 2012

How to finance a new seed-stage startup? ” Ressi in particular seems to be passionate about removing the “debt” component from convertible debt seed financing transactions. .” I won’t rehash all of the customary convertible note financing deal terms and points of negotiation here. (For

Finance 134

Finance Convertible Security Equity Seed Stage 134

VC Cafe

OCTOBER 29, 2020

After finishing a second national lockdown, amidst weeks of protests against the government and with borders largely closed to foreigners, you could safely say that these are not ‘normal’ days for Israeli startups or the Israeli economy. In September alone , Israeli startups raised $1.2 billion) which was a record year.

Venture Capital 148

Venture Capital Israel Angel Investor Later Stage 148

VC Cafe

JANUARY 2, 2023

On a global level, venture financing of private companies dropped 33% year over year, from a record $733B in 2021 to $490B in 2022. A report by Greenfield Partners puts the total fundraising of Israeli startups at $15.16 Israeli startups 2022 funding summary. As a result, I expect to see slower pace of investing across stages.

Valuation 159

Valuation Down Round Israel Venture Capital 159

Reid Hoffman

JANUARY 19, 2021

True, many boards are dysfunctional, but when you build a great startup board, it will be a powerful tool that can help the CEO make the company successful. This essay, which is based on Part 1 of a two-part episode of the Greymatter Podcast, will cover the fundamentals of building great startup boards.

Startup 36

Startup Cofounder Advertising Hiring 36

David Teten

SEPTEMBER 5, 2014

I was excited to see that GLG (formerly Gerson Lehrman Group), the industry leader, is now offering a professional network service geared to the needs of the startup community: GLG Share. Like many established finance & media companies, GLG knows that the tech startup sector is a growing part of the economy.

New York 114

New York Technical Review Networking Advisory Board 114

Both Sides of the Table

FEBRUARY 23, 2015

But not everybody has the right skills to build a highly successful and valuable startup from scratch. For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” In fact, I would argue that most people don’t.

Technical Review 150

Technical Review Liquidation Preference Silicon Valley IP 150

The Startup Magazine

OCTOBER 19, 2020

Financial freedom is gaining ownership of your own life and finances. May it be traveling, being free of any debt, finance plays a role at the care center. Loans with lower levels of interest can be kept for a later stage, but high-interest loans should be considered as an emergency and should be paid off as soon as possible.

Later Stage 90

Later Stage Finance .Net Design 90

Genuine VC

FEBRUARY 3, 2011

Much of the VC blogosphere commentary about startups covers venture and angel financing with advice focused on company founders. But most people in the startup game aren’t VCs nor are they founders (yet)… but rather they’re employees of startups. ” “How do I identify promising startups?”

Startup 241

Startup Later Stage Angel Financing Seed Stage 241

View from Seed

FEBRUARY 27, 2019

Given the common challenges encountered by founders as they navigate through this hiring decision, I thought I’d outline some of my thoughts below that can hopefully serve as a simple framework when it comes to making the first Analytics hire at your startup. Analytics vs. Finance?—?what’s what’s the difference (and what do you need)?

Analytics 149

Analytics Hiring SQL Forecast 149

YoungUpstarts

JANUARY 9, 2017

by Tina Hay, founder and CEO of Napkin Finance. One of the most important factors in becoming a successful entrepreneur is managing finances. Whether early or later-stage, the growth of every company most often depends on how much capital is available to fund its growth.

Burn Rate 100

Burn Rate B2C Finance Later Stage 100

Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

David Teten

DECEMBER 3, 2019

See Bessemer Venture Partners’ A comprehensive guide to security for startups. Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. For more on gathering data and using it to assess companies, see How to Assess Startups Using Machine Learning. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Gust

DECEMBER 1, 2011

For years there has been a pervasive opinion across the entrepreneurial landscape that the US has a shortage of capital required to startup and grow new ventures. Dr. Carl Schramm, Kauffman CEO , recently said that startup formation is stagnant or even decreasing in the US in the second half of 2011.

SBIR 120

SBIR Startup New York City Angel Investor 120