Advice from Warren Rustand: Put Your Head Down and Walk Into the Storm

Entrepreneurs' Organization

In terms of pandemics, we remember avian flu (1997), SARS (2003) and MERS (2012). Written for EO by Kalika Yap , an Entrepreneurs’ Organization (EO) member in Los Angeles. Yap is a thriving serial entrepreneur whose businesses include Citrus Studios , Luxe Link , and the Orange & Bergamot. She recently attended a Facebook Live stream hosted by Warren Rustand , co-founder of EO’s Leadership Academy in Washington, D.C., where he addressed the global pandemic.

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Retool, Repurpose, Redeploy

Entrepreneurs' Organization

Eric Ludwig is a member of the Entrepreneurs’ Organization (EO) Cleveland chapter, which he joined in 2003. He is also the founder and partner of Pulsar Eco Products. He recently shared with us how the COVID-19 pandemic has allowed him to put his EO learning to work. He is one of many EO members who have managed to do great things during these unprecendented times.

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“This is my EO journey”

Entrepreneurs' Organization

Beth Chernick was EO New York’s chapter manager from 2003 to 2020. My EO journey started in March 2003 when I was hired by then chapter president, Damon Gersh, and his board.

Forging EO Richmond: Lessons Learned from Launching an EO Chapter

Entrepreneurs' Organization

As an enthusiastic EO DC member since 2003, I missed the camaraderie, connections and learning events with my EO family after moving to Virginia. In EO’s 30-year history, members have led the formation of 196 chapters. With 14,000-plus members , only a few hundred have taken on the significant challenge of forming a new chapter. We asked EO Richmond President Michael Mahoney what it takes to launch a new chapter.

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i2E Inc. and the George Kaiser Family Foundation co-lead a $4 million investment in Tulsa-based THG Energy Solutions

Innovation 2 Enterprise

Founded in 2003 and acquired by current management in 2011, THG Energy developed and markets the Energy Intelligence Suite platform that collects electricity, gas, water and waste data for more than 50,000 commercial accounts in all 50 states, providing best practice benchmarking and analytics. Founded in 2003, THG provides energy management tools and services to facilities across North America. May 21, 2019. Contact: Sarah Seagraves, Senior VP for Marketing. 405) 813-2403.

Practice

A VC: Musings of a VC in NYC

When I started writing this blog in 2003, I was not a strong writer. Sixteen years later, I am a better writer. Doing something every day is the best way to improve at something. I’ve been doing yoga for roughly the same number of years as I’ve been writing this blog. But I am not as religious about yoga as I am about writing.

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How Healthy is the SaaS IPO Market?

Tomasz Tunguz

Salesforce’s initial public offering in 2003 demarcated the beginning of a new era, the era of Software as a Service. In 2003, Salesforce kicked things off. In the 13 years that followed, many startups have followed their path to build innovative software that has transformed their respective industries and sectors. The shift has been revolutionary both in software delivery as well as sales. It’s not an understatement to say everything has changed.

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The VC Inclusion Clause #MovingForward

Both Sides of the Table

He suggested an idea that comes from the NFL called “ The Rooney Rule ” enacted in 2003 in an effort to end the era of all-white football coaches in a league with > 75% African American players. Upfront Ventures has a deep-seated commitment to equality in funding & building diverse teams across all ethnicities, nationalities and genders. We do this not just because it’s the right thing to do but also we believe it will help drive large and differentiated returns.

Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

I’ve seen friends (and family members) lose much of their savings that way over the years because “Black Swans” happen and in 1987, 2001, 2003 & 2008 (just to name a few from my memory) huge market gyrations caused much financial distress to people seeking short-term gains. They reminded me that the market is now higher than 2008 when it crashed (note: it’s also higher than it was in 1968, 1988 and 2003 – all of these are irrelevant).

Edition #9: Laurent Dhollande

GCUC

For us, it started in 2003 when we started Pacific Workplaces and coined the term ‘Workspace-as-a-Service’ in a blog and incorporated that key phrase in our vision of the workplace, which has not changed that much in 15 years. Here at GCUC we are immensely fortunate to cross paths and work with so many amazing people. Through our work, we’ve cultivated a global community of people we think you should know about.

The Art of Simple Questions: How Simple Questions Lead to Great Innovations

Guy Kawasaki

From Forbes FYI, Winter 2003) Steve Wozniak built the Apple I because he believed there was a better way to access computers than having to work for the government, a university, or a large company. There is a myth that successful companies begin with grandiose ambitions. The implication is that entrepreneurs should start with megalomaniac goals in order to succeed.

Why Kayaks Belong on NYC's Waterways and Why You Should Care

This is going to be BIG.

I started volunteering at the Downtown Boathouse in 2003 and helped form the Brooklyn Bridge Park Boathouse in 2010. Last night, while I was speaking on a panel about food entrepreneurship, my cellphone suddenly lit up with frantic texts asking if I was ok. Something about some kayaks on the Hudson and a crash. I quickly searched Twitter while still on the panel and saw the horrific news. A group of kayakers had been run over by a ferry boat backing out of a dock near West 39th Street.

Tattoos and YCombinator Demo Day

This is going to be BIG.

It was June of 2003. I sat in a little ink shop on Rivington Street called Porcupine Tattoo. Emma was tracing the design I had given her--some wrap around barbed wire--onto my arm with a pen. She had flower sleeves of spectacular color. Seven Nation Army was playing. I never really thought much of tattoos. My dad has two on his arms and, after 50 plus years, they've faded quite a bit, blurring at the edges. He doesn't like showing them and seems to regret getting them.

Rustic Canyon Speaks out on GaiKai Exit, Changing Nature of VC, LA Tech & More

Both Sides of the Table

33:15 Have you noticed a change from 2003 to now in the “serendipity factor” of Santa Monica? Nate Redmond is the managing partner of Rustic Canyon Partners – he’s probably one of the youngest managing partners of a major fund you’ll meet. And no wonder, lately he and his partners are on a tear, investing out of their $200+ million VC fund.

How to get superior returns in VC

David Teten - VC

A friend of mine interviewed for a job with massively successful hedge fund manager Steven A. Cohen. My friend sat in the conference room, and Cohen walked in. He looked at his resume, and asked just one question: “ What’s your edge? ” My friend got the job because his answer was differentiated, credible, and backed up by a history of investing success. Traditional venture investing is challenging. The good news is that past high performance is predictive of future high returns.

Why You Need to Ring the Freaking Cash Register

Both Sides of the Table

I remember just a decade ago in 2003 when we all laughed at how dumb people in the 90′s were talking about the race to “capture as many eyeballs as possible” before your competition. I work with a lot of startups. I start to notice when bad behavior creeps into the system as a whole. I have seen much of that behavior over the past 2 years get worse. Nobody seems to want to make money any more.

Most Older Americans Might Not Realize They Have Already Lived Through Several Pandemics

Ben Franklin Technology Partners

SARS & MERS, 2003 and 2012. SARS and MERS, 2003 and 2012. Recent Pandemics and Historic Precedents for COVID-19 / D. Brian Krier – Ben Franklin Technology Partners/CNP. Table of Contents: Introduction. Virus Primer. Recent Historical Pandemics. Asian Flu, 1957. Hong Kong Flu, 1968. Spanish Flu, 1918-1919. H1N1 Pseudo-Pandemic, 1947. The Pandemic That Wasn’t, 1976. H1N1, 2009. Analysis and Conclusions.

Get to Know Richard de Silva of Highland Capital

Both Sides of the Table

In 2003 one of their first investments was Qiigo, Mike Yavondite’s company. 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.

In Venture Capital, Should You Be a Momentum or a Value Investor?

David Teten - VC

In 2000, LPs invested $104b into 638 funds, but by 2003, LPs’ commitment rate had dropped to just $11b into 161 funds. As a venture capitalist, should you be a Momentum or a Value investor? To simplify, there are two classic approaches to public markets investing. The first is Momentum Investing , “a strategy to capitalize on the continuance of an existing market trend”, which usually meaning that the price has been rising in the recent past.

AVC 3.0

A VC: Musings of a VC in NYC

That lasted from September 2003 to February 2014. Welcome to the new AVC. This is the third “iteration” of this blog. The first iteration (AVC 1.0) was the Typepad era during which I redesigned AVC a number of times using Typepad’s tools. About six years ago, we moved AVC to WordPress and did a significant redesign (AVC 2.0) and very little has changed since then. AVC 2.0 had a nice long run and served its purpose very well. .

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

Both Sides of the Table

So I decided to run the London Marathon in April 2003, just 3 weeks before my son was born. April 29th, 2003 my first son was born. 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.

On Bubbles …

abovethecrowd.com

What was it in 2003? Over the past few months, many journalists have begun to ask the question that no one really wants to hear; “Is Silicon Valley in another technology bubble?” It’s a dangerous question to ponder – especially out loud and especially hear at ground zero. Silicon Valley thrives on optimism, and anyone waving the bubble flag is auditioning for the title of nonbeliever or party pooper. There is another reason it is dangerous to predict the arrival of a bubble.

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Ed Zimmerman: Founder Liquidity in Venture Deals

WSJ - The Accelerators

ED ZIMMERMAN : In 2003, I remember the general counsel of a prestigious venture fund shouting down the idea of “secondary” or “founder liquidity” (i.e. Although 2003 was a different market, the markets are cyclical and for the last decade we’ve increasingly seen founders get cash in rounds of venture financing when the companies and markets are both faring well.

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Deal with Your Elephant in the Room

Both Sides of the Table

It was 2003 and I was training for a marathon so I was in great shape (yes, I know this was YEARS ago but I did complete it in 3:57). This is part of my series on Raising Venture Capital. There’s an old saying that if I’m talking with you and I start the conversation by saying, “whatever you do, DO NOT think about Elephants &# then you can’t help but thinking about elephants while we’re speaking.

Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth

abovethecrowd.com

Four years later, in May of 2003, they launched Taobao Marketplace, Alibaba’s answer to eBay. (*) Benchmark is/was an investor in companies labeled with the asterisk. In 1776, Adam Smith released his magnum opus, An Inquiry into the Nature and Causes of the Wealth of Nations , in which he outlined his fundamental economic theories.

The Future Is Here, It’s Just Not Evenly Distributed

Tomasz Tunguz

William Gibson, quoted in The Economist, December 4, 2003. An entrepreneur shared this quote with me a few weeks ago. The future is already here – it’s just not evenly distributed. I remembered it this morning when I drove past a Google self-driving car and then again a few minutes later when a Tesla whipped past me and a third time during the same commute when I dictated an email to my mobile phone. Sometimes living in the Bay Area does feel like the living in future.

How Open Should a Startup CEO be with Staff?

Both Sides of the Table

It’s 2003 and VCs aren’t exactly lining up to fund startup businesses. CEO transparency. It almost sounds uncontroversial. A CEO should tell her staff everything! Right? Right?!? Of course not. It’s a hard topic to write about because it’s almost an accepted norm that total transparency is good. It is not.

I Have to Believe Every Single Word

Ian Hathaway

In 2003, Toots came to The Barn to record a new album, True Love. Trey Anastasio is the guitarist and frontman for Phish —a jamband originally from Vermont that has been going strong since 1983. Phish’s trademark is its improvisational style and unique sound that ensures each show is different from the next. This approach has led to an adoring fan base that follows the band from city-to-city each tour. I’m one of them.

The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

I ran a marathon with my colleague in 2003 – I’m still bummed that he beat me even though he was clearly more athletic. This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity.

Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

2007, 2011) and for the hottest of companies and in bad markets for fund raising (2003, 2008) prices test the bottom end of the range. This article originally appeared on TechCrunch. 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. I acknowledged this in the article.

Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

MySpace was incubated by a small team of employees within Intermix in 2003 (Chris DeWolfe, Tom Anderson and four others). VantagePoint Venture Partners came to the rescue in late 2003 with an infusion of $15 million in capital, adding Andrew Sheehan (now at Sutter Hill Ventures ) and David Carlick (now at Rho Ventures ) to the Board.

How Startups Can Use Metrics to Drive Success

Both Sides of the Table

I ran my first marathon in London this way in 2003 raising $3,000 for Parkinson’s disease (and finishing in under 4 hours – my publicly stated goal). You Manage What you Measure. One of the things I discuss the most with the portfolio companies I’m involved with is that “you manage what you measure.”. It’s a very important concept for me because in a startup you are constantly under pressure and have way too many distractions.

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.

Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

Google bought Gil’s company in 2003 (pre IPO) for $100+ million and this business now represents about 30% of all of Googles revenue. Today Factual announced that it raised $25 million from Andreessen Horowitz & Index Ventures. I believe that this is a major new area of growth & innovation for the Internet as Cloud Services start to form deeper & richer layers. Let me explain.

The Guy Who Took on Google (and now LinkedIn): Mike Yavonditte

Both Sides of the Table

Around 2003, Quigo was doing tens of millions of dollars in revenue with two main products: a ready-to-use, search engine marketing solution for advertisers called FeedPoint and a contextual advertising platform for publishers called AdSonar. This is an interview you’re not going to want to miss, I promise.

The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

I thought we got rid of that s**t in 2003? This article initially appeared on TechCrunch - with a minor update highlighted in red below. We’re back to discussing convertible debt again. This time by the efforts of Adeo Ressi to introduce a new kind of structure called “ convertible equity.”

That Will Never Work

Tomasz Tunguz

Marc founded the business and served as its first CEO until Reed Hastings took the helm in 2003. I’ve gotten to know Marc Randolph as a fellow board member at Looker. Marc has helped many companies get off the ground, but the most famous is Netflix. In [That Will Never Work](), Marc recounts the early days of the $130B market cap company first started in Santa Cruz and it’s a remarkable story. One in which Redpoint partner Tim Haley has a cameo (Tim led the Series A.).