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. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue.

Founder 281

Founder Technical Review CTO Hire IPO 281

Both Sides of the Table

OCTOBER 1, 2009

Consumer spending is 70% of the economy and will continue to be stretched – We can look all we want at tech innovation, VC funding cycles and hot M&A deals, but ultimately growth and therefore investment must be underpinned by revenue. The IMF just raised its global growth forecast from 2.5%

Technical Review 269

Technical Review Stock Hawaii Early Stage 269

Startup Professionals Musings

AUGUST 25, 2018

Those that do it right also have the unprecedented opportunity to join the elite ranks of 250 unicorns (relatively new companies with a current valuation of over $1 billion). These days you can create a C-corp or LLC online quickly at a low cost, to serve you well in signing partners, intellectual property, investors, and revenue.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

Agile VC

JANUARY 13, 2016

A realignment of valuations by late stage investors? Potential for instant global distribution (mobile app stores, Facebook, etc). It used to take 5-10 years for a great startup to go from $0 to $75-100M+ in annual revenue. Revenue is revenue, right? What happened? The beginning of a tech downturn?

Technical Review 157

Technical Review .Net Revenue Software Review 157

Both Sides of the Table

AUGUST 9, 2011

Valuations were enormous relative to progress in companies. Companies with less than $2 million in revenue were asking for $50-60 million valuations and getting them. I spent my days meeting companies, figuring out what areas of the market interested me and trying to get a sense for how VCs thought about fair valuations.

Stock 305

Stock Technical Review Marketing Greece 305

YoungUpstarts

JUNE 29, 2020

Assistive Devices : Global Market Insights, Inc. estimates in their recent report that medical products will have a very high global market valuation, crossing 30 billion US dollars by 2026. Being able to offer such products, along with using remote hosted desktops , can provide enormous revenue during this pandemic crisis.

Demand 173

Demand Product Artificial Inteligence Software Review 173

VC Cafe

JUNE 10, 2022

According to new research by Pitchbook , the trickle down effect has already started in seed and series A startups with round sizes and valuations shrinking in size compared to 2021. But recently those round sizes and valuations have tumbled to about $10 million and $50 million, respectively, he said. Apple Roomplan API.

Valuation 151

Valuation Marketing Israel Venture Capital 151

VC Cafe

SEPTEMBER 26, 2022

ValuatIon should be a function of value, not ego. Kawasaki’s Law of Pre-Money Valuation: for every full-time engineer, add $500,000; for every full-time M.B.A., As I recently shared in my post on the 32 Israeli Centaurs , the rare breed of SaaS companies that reached $100 million in ARR, there are now over 1,000 unicorns globally.

Founder 187

Founder Startup Valuation Pre-Money Valuation 187

David Teten

DECEMBER 8, 2010

financial probe digs into a murky industry , "So far there is exactly one person [Don Chu of Primary Global] who works for an expert network with any specific allegations against them." However, as I said to the Globe and Mail in their piece on the topic, U.S.

Networking 122

Networking Private Equity SEC Software Review 122

VC Cafe

JULY 13, 2022

There is a a lag of 2-3 months between public markets valuation changes and private markets reported investments. billion in revenue in 2021, 5% of global industry revenues in 2021 ($175 billion) ? billion in revenue in 2021. Initial signs of change can be seen in the decrease in round sizes. Proud to take part!

Technical Review 158

Technical Review Israel Early Stage Merger 158

ReadWriteStart

SEPTEMBER 10, 2010

They already have several customers including some telcos, and are at about $350,000 in revenues. Because customer financing equals revenue, not equity. Why not go further, develop more valuation, customer experience, and really, deeply validate the business? You can get cash without diluting your ownership in the company.

Cloud 115

Cloud Silicon Valley Incubator Bootstrapping 115

Austin Startup

APRIL 25, 2017

Revenue needs to grow 20x, and margins must expand dramatically. I won’t dive into cost structure in this blog post, but let’s think through how Snap could grow revenue 20x. I won’t dive into cost structure in this blog post, but let’s think through how Snap could grow revenue 20x. How can one justify a $20B valuation for Snap?

Valuation 48

Valuation Technical Review Social Network Forecast 48

Version One Ventures

OCTOBER 15, 2020

If you want to feel bullish on how Lightning can be used as global payments rails, read this comprehensive essay by Nicolas Burtey of Galoy. TL;DR: The best analogue for Bitcoin itself is a global settlement layer like Fedwire (run by the Federal Reserve for interbank settlements with an average transaction size of $2 million).

Networking 168

Networking Global OTC Security 168

VC Cafe

SEPTEMBER 22, 2022

“The Centaur is a business that reaches $100 million of annual recurring revenue (ARR)—a rare breed of cloud business, part of an elite subset of the growing unicorn herd.” Today there are over 1,000 unicorns globally. But becoming a Unicorn, or receiving a billion dollar valuation is no longer an indication of growth.

Software Review 109

Software Review Israel B2C Open Source 109

David Teten

AUGUST 20, 2019

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use.

Revenue 60

Revenue Cofounder Founder Venture Capital 60

VC Cafe

JANUARY 10, 2024

billion in annualised revenue , an a myriad of new companies were born, from open source LLMs to application layer startups that were able to move fast and do much more with less. Others, may have raised funding at high valuations during peak hype , and might face difficulties raising up-rounds without significant traction.

Generative AI 109

Generative AI Israel Artificial Inteligence Open Source 109

Steve Blank

MAY 9, 2017

Their need to get into high-profile deals has driven late-stage valuations into unicorn territory. And the globalization of entrepreneurship means the worldwide pool of potential startups has increased at least 100-fold since the turn of this century. A unicorn is a startup with a market capitalization north of a billion dollars.

Restful 249

Restful Silicon Valley San Jose Puerto Rico 249

thebarefootvc

DECEMBER 16, 2011

This was the year that the promise of technology to truly change the world and empower individuals (the reason I entered the tech world in 1994) reached global scale. As of year-end, Foursquare had over 15 million users, with an exponential growth rate globally.

Technical Review 110

Technical Review India Mobile Hockey Stick 110

VC Cafe

NOVEMBER 29, 2024

billion valuation ), to enable automated management of cloud backups! Way to go Maor Sason and team Appcharge on your $26M series A to help gaming companies keep more of their in-app-purchases revenue! It grew revenues by 6400% from $1M in November 2023 to to $65M today in just one year.

Israel 78

Israel Lebanon Technical Review ChatGPT 78

YoungUpstarts

NOVEMBER 20, 2019

You may be able to generate revenue, but VCs want exponential growth. The market for our product was global, and we had unique advantages in terms of our product and how we distributed it to customers. Have a reasonable attitude about your early-stage valuation, and don’t get too hung up on it. Be ready when it counts.

Technical Review 140

Technical Review Due Diligence Early Stage Differentiation 140

YoungUpstarts

APRIL 22, 2018

Affiliate Summit is another conference that’s global in scope, with outposts in Singapore and Las Vegas. Attendees include bloggers, online publishers, e-commerce retailers, global brands, agencies and solution providers in the affiliate marketing space. Affiliate Summit East focuses on the performance marketing industry.

Las Vegas 124

Las Vegas Software Review Affiliate Cofounder 124

Hearpreneur

JANUARY 22, 2023

In recent years, eCommerce companies have begun to increase revenue by selling products directly via social media networks. This expedited shift to remote teams has opened the door for new, global staffing opportunities at a substantially lower cost. Every year, social media coverage expands. Thanks to Mukesh Sharma, Byaj Book ! #23-

Artificial Inteligence 127

Artificial Inteligence Technical Review Entrepreneur Social Media 127

ReadWriteStart

MARCH 24, 2011

Additional work in figuring out the precise go-to-market consumer, academic institution, or enterprise - each is a different business), and consequent business model and pricing model will help enhance the company's valuation. The game set retails online at $49.95, and about 2,000 unites have already been sold.

Illinois 114

Illinois Entrepreneur Silicon Valley Chicago 114

thebarefootvc

JANUARY 27, 2014

Do I think we are in a valuation bubble? 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

VC Cafe

SEPTEMBER 13, 2024

And so much more it’s genuinely hard to keep up… QUOTE OF THE WEEK Israel continues to draw investors seeking bold, determined solutions to global challenges. With attractive valuations and immense growth potential, the Israeli tech ecosystem remains resilient—no matter the circumstances. via Trung T.

Israel 78

Israel Generative AI Open Source Security 78

Steve Blank

JUNE 15, 2011

A tech bubble is the rapid inflation in the valuation of public and private technology companies that exceeds their fundamental value by a large margin. Today, the signs of the new bubble are the Linked-In initial public offering (IPO), Facebook’s stratospheric valuation and the rapid rise of early-stage startup valuation.

Silicon Valley 331

Silicon Valley Stealth Valuation Mississippi 331

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

VC Cafe

DECEMBER 13, 2024

Finally, the Israeli stock market outperforms global peers despite war, surging 27% in 2024. ServiceTitan went public with a $9 billion valuation – is the IPO window opening? source ) Sacra estimates that Wiz hit $500M annual recurring revenue (ARR) in July 2024, up 103% YoY. Truly inspiring.

Israel 88

Israel ChatGPT Artificial Inteligence Australia 88

betashop.com

OCTOBER 8, 2012

From the start we said that we would never make a decision as to what features to build or what products to sell based on revenue alone, rather we would focus on things that make our customers smile and by doing so lots and lots of revenue will fall out over time. Never, ever, choose your investors based on valuation.

Technical Review 108

Technical Review Technology Software Review Valuation 108

abovethecrowd.com

JULY 10, 2014

Financial models, especially valuation models, are interesting in that they can be particularly precise. While it may seem like a tough question to answer, I would argue that most practitioners of valuation analysis would state “not very high.” It is not my aim to specifically convince anyone that Uber is worth any specific valuation.

San Francisco 111

San Francisco San Jose Marketing Technical Review 111

Startup Professionals Musings

NOVEMBER 13, 2021

The pervasive ability and need to communicate constantly and globally through the Internet and smartphones is incenting everyone to get more out of their own assets and time, and capitalize on the idle resources of others. Usually these are revenue-generating e-commerce sites, or have the potential to be revenue-generating.

Cuba 316

Cuba Venture Capital Community Valuation 316

Both Sides of the Table

DECEMBER 11, 2022

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics.

Valuation 466

Valuation San Francisco Ratchet Liquidation Preference 466

David Teten

DECEMBER 3, 2019

Data companies more focused on later-stage companies include Avention , Bureau Van Dijk , BizQualify, Dow Jones , FactSet , Genesis , S&P Global Market Intelligence , DueDil , Core 2 Group , D&B Hoovers , InsideView , LexisNexis , Pitchbook , Preqin , PrivCo , SourceScrub , Refinitiv , and Unquote. If you have one, please contact me.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

View from Seed

APRIL 30, 2015

” Venture debt gives you those options, and particularly for companies that wind up doing well, then on your same cash-out date, you’d likely have achieved a better milestone thanks to fueling your spend, which would translate into a better valuation. Traction and revenue? Business model? Previous capital raised?

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

Both Sides of the Table

DECEMBER 3, 2013

I’m super proud to announce that DataSift has just completed a $42 million financing round coming at the end of a year where its revenue grew several hundred percent year-over-year. Considering our revenue is SaaS revenue this achievement is even more remarkable. I’m an early-stage investor. Not so DataSift.

Iran 358

Iran API San Francisco Nigeria 358

VC Cafe

NOVEMBER 22, 2024

We must #BRINGTHEMHOME In the wider tech world, Microsoft turned 50 this week, xAI raised another $6 billion (at a $50 billion valuation ) to compete with ChatGPT, Databricks is looking to raise $8 billion to buy employee stock, Google will likely have to divest of Chrome following the DOJ decision to curb monopoly, NVIDIA has doubled its revenue over (..)

Israel 78

Israel ChatGPT Non-Compete Generative AI 78

Both Sides of the Table

SEPTEMBER 28, 2013

A $1 trillion global market. Sure, our revenue is growing, but is that enough to raise an internal round? Dilution / valuation. I hate when companies publish too much information about the total stock option allocations, the company valuations, the dilution faced in every round, etc. Are tacking. It’s inefficient.

Startup 417

Startup Dilution San Diego Stock Options 417