[OurCrowd CEO Jon Medved in Israel21c] Prepare for recession, reinvention and opportunity in post-covid economy

OurCrowd

“Historically, investing in times of economic downturns – such as after the Internet bubble burst in 2001 and 2002, and after the financial crisis of 2008 and 2009 — has proved lucrative because you’re buying at a discount. That’s a very good entry point for new investors,” Medved says. Read more here. The post [OurCrowd CEO Jon Medved in Israel21c] Prepare for recession, reinvention and opportunity in post-covid economy appeared first on OurCrowd.

The Trouble with Venture Capital Data

This is going to be BIG.

Sounds like a huge amount, but only later does he say that only " 476 funds which had known Net IRR values, the overwhelming majority of which were from vintage 2002, or more recently." Conservatively, though, this data set of mostly 2002 or later funds would cover about 4 funds from each firm given that timeframe. 2) Saying "long term returns" when you only have vintage 2002 and after data is a joke.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Community Colleges as Incubators of Innovation

EntreWorks Consulting

Since it first launched in 2002, I’ve been a member and close partner of the National Association for Community College Entrepreneurship (NACCE). That’s why I’m so excited to see that the current NACCE leadership has put out an excellent book, Community Colleges as Incubators of Innovation , which distills lessons from NACCE’s 15 years of work to encourage community colleges to take a leading role in training students and assisting communities to start and grow new businesses.

How Venture Funding For Early-Stage Startups Will Change During the COVID-19 Crisis

Dream It

eBay hosted a jobs fair in 2002 for 75 jobs and 2,000 people showed up,” states Martino. Paul Martino, General Partner at Bullpen Capital. During our recent Dreamit Kickoff week, Bullpen Capital Founder and General Partner Paul Martino ( @ahpah ) spoke with our Spring 2020 cohort about the state of the VC ecosystem in the current economic crisis.

Keeping It Green In 2019: How To Organize An Eco-Friendly Event

Impact Hub

Back in 2002, food transportation accounted for almost 20 billion vehicle miles. The Global Gathering. Once a year, the top leaders from Impact Hubs around the world come together for the Global Gathering, where in one of our locations they review, shape, and decide on the strategy and governance of our network.

The Investment Patterns of SaaS Companies in Sales and Engineering Over Time

Tomasz Tunguz

Looking at the gross dollars invested in engineering, the 2014 cohort spends much more than the 2010, 2006 and 2002 cohorts, setting aside one outlier year in the 2006 cohort. 2002 44 7. Last week, we proved SaaS startups are raising more than they have in the past and newer SaaS companies seem to be generating more revenue per dollar invested. But do newer SaaS companies actually spend less on sales and engineering than their older counterparts?

The History Of KFC

Feedough

Brands in May 2002. Kentucky Fried Chicken (KFC) is world-renowned for its fried chicken. Known by the face of an old man with a white beard, the brand indeed has a crispy on the outside and juicy on the inside history.

Get to Know Richard de Silva of Highland Capital

Both Sides of the Table

In 2002 after exiting his second company he was attracted to the variety of being a VC. I’ve just finished a week away from the office for Spring Break, which was much needed. I’m now back & ready for action. I took the opportunity this past week to publish summary notes of some of the VCs and entrepreneurs I had interviewed on This Week in VC. Back to regular writing this week so check back in.

Do Startups Require Less Capital to Succeed than 10 Years Ago?

Tomasz Tunguz

Before 2002, the median ROIC never exceeded 0.9. 2002 1.05 Last week, we analyzed the fund raising history of billion dollar SaaS companies and determined SaaS startups are raising nearly twice as much capital as 16 years ago before going public. Given that trend, I wondered if there is there any truth to the idea that startups today require less capital than before to succeed.

SaaS 40

Are You Falling for the Myth of “Failing to Plan is Planning to Fail”?

Entrepreneurs' Organization

For instance, a 2002 study of major construction projects found that 86 percent went over budget. Written for EO by Dr. Gleb Tsipursky, disaster avoidance expert, speaker and author. . You probably heard the advice for entrepreneurs that “failing to plan is planning to fail.” That phrase is a misleading myth at best and actively dangerous at worst. Making plans is important, but our gut reaction is to plan for the best-case outcomes, ignoring the high likelihood that things will go wrong.

Meet Benchmark’s New Partner: Eric Vishria

abovethecrowd.com

After graduating from Stanford in mathematical and computer science when he was just 19, Eric joined the newly-formed enterprise software company Loudcloud (which became Opsware in 2002). Today Benchmark announced that Eric Vishria has joined us as a General Partner. Eric is one of the up-and-coming stars in the technology industry, and we are very excited he is becoming our partner. In Benchmark’s team dynamic, character and attitude really matter.

board 62

Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

Maybe they were in their 20s in 2002 when being a startup CEO wasn’t really available to most? A shortened, better edited and with nicer pictures version of this post first appeared on TechCrunch. But if you want it in it’s full V1 glory read on … You’ve never been a CEO but might like to be one some day. But how? Nobody sees you as a CEO since you’ve never been one?

advice 276

Steady and Persistent Growth to $5.5B in Market Cap - The Ultimate Software Company

Tomasz Tunguz

Founded in 1996, the company initially sold licensed software and migrated to multi-tenant SaaS in 2002 with a product called UltiPro. The Ultimate Software Company is a $5.5B market cap provider of SaaS Human Capital Management software. Today, more than 82% of revenues are subscription dollars.

SaaS 40

This Week in VC: Michael Montgomery (President, Montgomery & Co.)

Both Sides of the Table

Founded in 2002 and expanded after founders graduated from CMU in 2006. This episode of This Week in Venture Capital featured Michael Montgomery, president of Montgomery & Co. If you don’t know Montgomery & Co it is one of the premier technology & media focused investment banks in the country (and as Michael corrected me they also have a strong Healthcare / Med tech practice).

media 235

Not A Conventional Company

Tomasz Tunguz

Google had grown from $220k in revenue in 19aw99, to $19M in 2000, to $86M in 2001, to $347M in 2002, to $961M in 2003, and would record $3.2B Earlier this week, Google celebrated the tenth anniversary of its IPO. I re-read the Founder’s IPO Letter and found this passage which captured so much about Google’s values: Google is not a conventional company.

The Financing Trends of Billion Dollar SaaS Companies

Tomasz Tunguz

2002 71 3.0 One of the cloud’s great promise has been cost-reduction and for a while, we’ve chanted a mantra that startups require less capital than before to get started and ultimately succeed. As the number of publicly traded SaaS companies has grown with time, it’s possible today to examine whether those statements are proven in the data, at least for those 41 publicly traded companies.

Social Networking (the Shorter Version) Past, Present, Future

Both Sides of the Table

Next began the era of “spam-based&# networks of which Plaxo (founded in 2002) was the king. This blog post originally appeared in serialized form here on TechCrunch. This version is the shorter, ADHD version. If you came here via a direct link you might want to check out the more detailed full version on my blog, which is here. Social Networks: Past, Present & Future.

How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

Gust

With a few exceptions (notably corporate governance requirements imposed by the Sarbanes-Oxley Act in 2002), beginning with the original Securities Act of 1933 , Congress and the SEC adopted a philosophy that financial markets work best when investors are free to make their own decisions based on timely, complete and accurate disclosure by publicly traded companies.

media 106

Benchmarking Atlassian's S-1 - How 7 Key SaaS Metrics Stack Up

Tomasz Tunguz

Founded in 2002, the Australian software maker Atlassian is an exceptional company in many regards. But foremost, Atlassian is one of the best examples of flywheel SaaS companies yet. Atlassian counts 1600 employees and sells five products JIRA (bug tracking software), Confluence (project management), HipChat (internal chat/collaboration), BitBucket (code repository) and JIRA Service Desk (help desk software.

SaaS 40

On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

That happened a lot in 2002 and again in 2008. This post originally ran on TechCrunch. I recently spoke at the Founder Showcase at the request of Adeo Ressi. I asked what the audience most needed to hear. He said, “They need an unbiased view of the fund raising environment because there is too much misinformation and everything seems to be changing fast.&#. This was an audience of mostly first-time entrepreneurs.

The Yo-Yo Life of a Tech Entrepreneur – A Cautionary Tale

Both Sides of the Table

By the time of my wedding in July 2002 I was super fit. TechCrunch ran my article yesterday as a guest post but I wanted to have a copy here for anybody who missed it and for future readers of this blog. This is a slightly longer version and also has an update at the end.

3 Go-to-Market Insights from Kenny van Zant at SaaS Office Hours

Tomasz Tunguz

He was awarded the Ernst & Young Entrepreneur of the Year in 2002. Last night, SaaS Office Hours hosted go-to-market guru Kenny van Zant. Kenny is a serial entrepreneur started his career as founder and COO at BroadJump, a broadband software company that grew to $100M in bookings.

Does the Size of a VC Fund Matter?

Both Sides of the Table

If the VC your talking to raised its last fund in 2002 then they likely don’t have much fire power for new investments. This is part of my series on Understanding Venture Capital. I’m writing this series because if you better understand how VC firms work you can better target which firms make sense for you to speak with. It in not uncommon to see a VC talk about “total assets under management&# as in “We have $1.5

Should You Really be a Startup Entrepreneur?

Both Sides of the Table

It was 2002 – the “dog days&# of the Internet and we were running out of cash. This post originally appeared on TechCrunch. One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? Aren’t you ever tempted to go back and do it again?”. The obvious answer is yes. When it’s in your blood, it’s in your blood. I guess it’s kind of like crack (not that I know from experience). It’s addicting.

Ed Zimmerman: The Growing Scarcity of Series B Venture Rounds

WSJ - The Accelerators

Between 2000 and 2002, Industry Canada reported that roughly a quarter of the venture funding for Canadian startups came from the United States, while the converse was not true – Canadian venture capitalists maybe accounted for 1% of venture investments into U.S. ED ZIMMERMAN : The funnel for venture funding isn’t cylindrical — it’s shape follows a more Darwinian conical path, as many seed stage companies march into the cone’s wide entrance and far fewer make it to the cone’s narrow end.

Stitch Fix: Reinventing Retail Through Personalization

abovethecrowd.com

While I am extremely proud of that team’s accomplishments (the parent company recombined Nordstrom.com in 2002 and the direct division now has revenue of over $1.25B and is the fastest growing unit inside of Nordstrom ), I built a healthy respect for the complexities and difficulties of managing women’s fashion inventory.

board 56

Second-Class Investor Citizens: Facebook’s IPO and Dual-Class Equity Structures

Gust

Dual-class voting structures are receiving a lot of attention these days along with intense publicity related to the Facebook IPO , following in the wake of other recent tech IPOs with a similar structure such as Zynga and LinkedIn. This is nothing new; long favored by family-controlled media empires such as Rupert Murdoch’s News Corporation , among Internet firms alone, Google took a dual-class approach when going public in 2004.

board 111

Class is In Session: Daniel Kahneman’s Lesson on the Art & Science of Decision-making

OurCrowd

Daniel Kahneman is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences. At the 2019 OurCrowd Global Investor Summit, Nobel Laureate Daniel Kahneman revealed what drives our choices in business, science, and life during an insightful Q&A.

47

Startup Best Practices 23 - Leveraging The Illusion of Explanatory Depth in Interviews

Tomasz Tunguz

This is the illusion of explanatory depth or IOED, which Rozenbilt and Keil described in 2002. Draw an image of a bicycle that depicts how the bicycle works. You might draw something like this bike above. Or this one. Or this one. But as Gianluca Gimini discovered when he asked 50 people over the course of six years to draw a bicycle, most people cannot - despite their great confidence of the contrary.

Should You Really be a Startup Entrepreneur?

Both Sides of the Table

It was 2002 – the “dog days&# of the Internet and we were running out of cash. This post originally appeared on TechCrunch. One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? Aren’t you ever tempted to go back and do it again?”. The obvious answer is yes. When it’s in your blood, it’s in your blood. I guess it’s kind of like crack (not that I know from experience). It’s addicting.

What the Past Can Tell Us About the Future of Social Networking

Both Sides of the Table

Next began the era of “spam-based&# networks of which Plaxo (founded in 2002) was the king. This blog post originally appeared in serialized form here on TechCrunch. This post has a bit more than the serialized version, but if you prefer an even shorter version I created the ADAH version , which is < 50% the length.

Modern Plagues: Let our people live – with these startup technologies

OurCrowd

In 2002, Gidi graduated from Tel Aviv University Medical School and later specialized in internal medicine, treating patients and teaching students and residents in one of Israel’s largest hospitals. Cancer, diabetes, and drug abuse are among what come to mind when thinking of modern plagues on our society. These plagues are daunting and seemingly unsolvable. The modern minds behind startup technology are actually aiming to solve these issues. Overcoming opioid addiction.

The Right Kind of Mania

Tomasz Tunguz

In 2002, pushed by new head coach named Sir Dave Brailsford, the team implemented philosophy of continuous incremental improvement. In 76 years, the British cycling team have recorded only one gold medal. And the results were astounding. In the last two Summer Olympics, the British cycling team has won seven of a possible 10 gold medals at each event, a remarkable transformation. But, it wasn’t a 1% improvement on any arbitrary metric.

Lessons I Learned from My Dad

Both Sides of the Table

I ran the London Marathon in 2002 in 3 hours, 57 minutes. My mom seems to sneak into my blog from time-to-time. My dad less so. Mom was an entrepreneur and a civic leader. She was (is) a bit of a ball buster. And a negotiator. And a go getter. So she naturally fills my story arcs more easily. But of course we’re all a product of both of our parents – if we were fortunate enough to be raised by two individuals. I was. Growing up my dad was everything you could ask for.

Ten years on

Fred Destin

From the bursting of the bubble in 2000 to the downfall of Worldcom in 2002, from the Iraqi invasion in 2003 to the collapse of the financial markets in 2008 and the inexorable rise of China, it's been a tough decade for the world's only superpower. Today's a meaningful day. Like everyone else, I remember exactly where I was and what I was doing when the planes hit the tower. For those of us who have not known war, this was the closest we came to experiencing it.

Don’t Take the Little Things for Granted

Both Sides of the Table

I was married July 20, 2002 when I was 34 years old. Yesterday I wrote about the importance of choosing happiness. Today I want to write about a related topic: not taking the little things in life for granted. I promise not to turn this blog into a personal self-help blog! But today is a special day and I’m thinking about this topic so please humor me just one more time. More later in the post.

advice 278

The Four Key Trends of the Startup Acquisition Market

Tomasz Tunguz

The average disclosed sale price in the same period has increased about 10% annually, inflation adjusted[2], each year since 2002, substantiating the hypothesis that big acquisitions are fewer in number, but command higher price points. The startup acquisition market is poised to have its best year in nearly a decade.