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Bezos' Shareholder Letter in 2000

Tomasz Tunguz

Jeff Bezos wrote this to start his annual shareholder letter in the year 2000. Two years later, the company would re-accelerate growth from 13% to 26%, and again to 34%, while driving to profitability and increasing their cash position from $540m to $738m. But he might have written it today. before falling to $0.298. Net Income, $m.

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It’s Morning in Venture Capital

Both Sides of the Table

This has led to the creation of incubators, accelerators and seed funds. Contrary to some press reporting, the boom in startups, the creation of accelerators and seed funds as well as the deserved popularity of AngelList do not signal doom for our industry. In 1998 there were around 850 VC funds and by 2000 there were 2,300.

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GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). We created one of the first accelerators in Los Angeles, Launchpad LA, which has gone on to help launch > 50 startups in the past 4 years who together have raised in excess of $150 million in capital.

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

Both Sides of the Table

But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks. What accelerated this was the collapse of the public stock markets. The top quartile funds have performed well.

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The Screwy Logic of Crowdfunding and Venture Fund Regulation

This is going to be BIG.

Personally, I think it would be pretty awesome if all of the people who subscribe to my weekly newsletter could put $2000 towards supporting the early stage tech ecosystem in NYC. At least startups have accelerators, incubators, etc. [scratches bald head]. Raising money for a new fund is harder than raising money for a new company.

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What Happened In 2022

A VC: Musings of a VC in NYC

The air came out of the asset price bubbles that had built up over the last decade and were accelerated/exaggerated by the pandemic. The carnage has been massive and reminds me of what happened to the web sector in 2000/2001. I went on to say that I had no idea when all of that would happen, but I was confident it would.

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This Week in VC Episode 6 with @Jason Calacanis: Best One Yet

Both Sides of the Table

Specifically we talked about what single trigger vs. double trigger acceleration works and “termination without ’cause’ &#. Invidi is based in New York and founded in 2000. DEAL OF THE WEEK. StackOverflow – We both have a love fest for Joel Spolsky who also co-founded Fog Creek Software.

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