This is going to be BIG.

DECEMBER 2, 2014

I tried to write a book for college kids in 2002-2003, couldn''t get it published, so I started blogging in February of 2004. I met Brad and Fred in the Summer of 2004, agreeing to join them later that year--my first job at a fund. Three years ago today, I grabbed the domain name BrooklynBridgeVentures.com. It''s kind of a funny answer to "When did you start Brooklyn Bridge Ventures?". What might be a more relevant date is May 22nd, 2007.

venture capital 221

venture capital investing investment startup 221

StartupNation

OCTOBER 27, 2020

That spring of 2004, I was looking after our three kids—Emma, five; Kaitlin, three; and Keenan, two. One day in September 2004, I realized that I had learned enough and had confidence enough to make my vision a reality.

entrepreneurship 71

entrepreneurship founder consulting health 71

StartupNation

OCTOBER 17, 2020

For example, Nicholas Woodman presented his patent in 2004 , to enable people to easily record their exciting life moments. Patents are one of the ways to keep track of the immense advancement of our society.

pitching 70

pitching enablement ventures startup 70

A VC: Musings of a VC in NYC

SEPTEMBER 15, 2019

In our 2004 fund it was five companies, but that is why that fund was so good. This simple and short blog post by the folks at Correlation Ventures contains the key to venture capital returns – the hit rate. In the Correlation post, they define “hit rate” as: the percent of invested dollars generating a 10X or greater return. But “hit rate” could be something else. It could be the number of investments in your portfolio that return the fund.

venture capital 160

venture capital ventures capital sustainability 160

Continuations

SEPTEMBER 3, 2019

It is the second complete overhaul of the site since USV launched with a blog in 2004 (modulo some smaller experiments with tagging in between). Today we have launched a new website for USV. The new site is up to modern standards in terms of speed and rendering on mobile. More importantly though it does a better job laying out the evolution of the USV investment thesis over time.

investing 40

investing investment 40

Entrepreneurs' Organization

FEBRUARY 3, 2020

He joined EO in 2004. Integral to the Entrepreneurs’ Organization’s core beliefs is our commitment to making a positive difference in the world—exemplified by our pledge to support the United Nation’s Sustainable Development Goals (SDGs). The SDGs are 17 goals and 169 targets to wipe out poverty, fight inequality and tackle climate change by 2030.

entrepreneurs 169

entrepreneurs sustainability strategy enablement 169

A VC: Musings of a VC in NYC

JANUARY 30, 2020

I saw this tweet coming out of the Upfront Summit yesterday (where I will be today): Josh Kopelman of First Round Capital: we can look at every company we’ve ever funded, and learned that the time from first email/contact to term sheet has shrunk from 90 days in 2004 to just 9 today.

capital 200

capital founder networking support 200

Dream It

APRIL 29, 2019

The study looked at 316,244 women whose health insurance switched from a low-deductible plan to a high-deductible plan between 2004 and 2014. What We’re Reading Developments in The Healthcare Industry IBM announced it would stop selling its AI-powered Watson drug discovery products due to disappointing sales. The company will continue to work with existing customers like Pfizer, Novartis, Illumina, and Teva Pharmaceutical.

health 150

health hospitality pitching innovation 150

Smart Hustle Magazine

OCTOBER 6, 2020

The Tory Burch company launched in 2004 with a concept and turned that into a collection. More and more women are starting their own companies. Whether it's from the urge to be their own boss, follow a passion, or create a schedule that's more family-friendly, the reasons are endless.

education 67

education support health leadership 67

Ian Hathaway

JANUARY 6, 2020

In February 2004, Mark Zuckerberg famously launched Facebook from his Harvard dorm room at the age of 19. By that summer, Zuckerberg moved himself and the company to Silicon Valley and never looked back.

founder 83

founder entrepreneurship venture capital ventures 83

Wesley Cherisien

JANUARY 27, 2020

Between 2004 and 2014, the number of students taking a loan to start a business increased to 89 percent.

entrepreneurship 52

entrepreneurship economic environments data analysis entrepreneurs 52

This is going to be BIG.

MARCH 30, 2015

Would you be surprised to know that almost half of the dot com companies founded when the boom started in 1996 were still around in 2004--four years after the peak of the NASDAQ? Are we in a bubble? And if so, when will it burst? Everyone likes to debate it, and statistically, almost no one gets it right. Not only is it notoriously difficult to time the market, but even if you did, you''d miss out on individual winners.

startup 329

startup venture capital disruption sustainability 329

Revolution

FEBRUARY 13, 2019

As reported by Slate from a study from researchers at the University of North Carolina, “We have lost about 20 percent of local newspapers in the United States since 2004, and at least 900 communities now are without any local news source in that same time frame.”

media 100

media pitching communities energy 100

A VC: Musings of a VC in NYC

NOVEMBER 24, 2019

Facebook launched in Feb 2004, four years after the start of the internet crash. So goes the famous Mark Twain quote. I thought of this in reading a few blockchain sector reports this morning. David Kelnar ‘s “ blockchain primer ” is a very good summary of what is promising about the crypto sector and what is challenging. In his summary at the end, he writes: Tim Berners-Lee developed the protocol for the web in 1989.

technology 152

technology development 152

TechCrunch

OCTOBER 22, 2020

RepTrak, founded in 2004, helps businesses measure their reputations (and their competitors’ reputations) through a database of more than 1 million company ratings collected every year.

culture 81

culture opportunity media startup 81

This is going to be BIG.

DECEMBER 11, 2014

I started reading a great blog called Business Pundit in 2004. Today, Backupify announced that it is getting purchased by Datto. It''s a solid exit to a company that has lots of revs, is growing, and together will form a very formidable player in the data backup space--one that can definitely be a public company in the next couple of years.

board 197

board creativity venture capital entrepreneurship 197

This is going to be BIG.

MARCH 15, 2012

He spotted Facebook in 2004 and Spotify in 2009. I have never met Sean Parker. I don't know if the movie portrayal of him is accurate and I don't particularly care. What I do care about is that a person who is long on vision and has a knack for being around big companies early on is now living in New York City. Parker made a huge dent in the web as co-founder of Napster, then built Plaxo up to 20 million users.

startup 220

startup financing finance venture capital 220

This is going to be BIG.

APRIL 21, 2011

I remember hearing that a New York City venture fund was raising money in 2004 and almost skipping the meeting, because New York wasn’t a viable place to deploy that much capital—it was a small blip in the past. There isn’t a single person in the NYC that is more excited than I am about how far we’ve come.

communities 258

communities innovation incubation angel investing 258

Startup Grind

AUGUST 20, 2018

A master of her craft, she knew the value of personalized party accessories, so Mintz launched her own party supply company in 2004. People hire coaches to help them achieve their dreams. On the surface, many of those dreams look like mere money or a solid relationship, but underneath lies the drive to pursue happiness. Effective marketing messages appeal to that desire for happiness.

strategy 129

strategy creativity sustainability advice 129

David Teten - VC

APRIL 30, 2018

According to the NVCA 2017 Yearbook , in 2004, 77% of global VC fundraising went to US VCs, and 85% of global VC dollars went to US startups. Why are more US VCs investing in international startups? Take a look at The Fortune Unicorn List : of the top 100 most valuable unicorns in 2016, 39 are currently based outside of the United States.

ventures 62

ventures investing investment accelerator 62

OurCrowd

SEPTEMBER 30, 2020

hospitality 36

hospitality networking support 36

This is going to be BIG.

DECEMBER 26, 2011

2004 gave us widespread blogging and Meetups, and 2008 showed how the web could be a community organizing and fundraising tool. Tweet. One of the best things any investor can do is to pull back from the day to day of getting pitches and think about high level trends. What areas are going to change? What areas need to be disrupted? What types of things might happen in 2012, as opposed to needing another 3-5 years to come to fruition.

technology 259

technology innovation peer-to-peer communities 259

Tomasz Tunguz

OCTOBER 21, 2013

From about 2004 to 2011, the average publicly traded SaaS company held an EV/Rev multiple of 3 to 5x. In the 2004 to 2009 period, average revenue growth for SaaS companies hovered around 25%. In the past 24 months, something extraordinary has happened. The value of publicly traded SaaS companies has grown by 200 to 400% while the underlying customer unit economics of those businesses hasn’t changed.

SaaS 40

SaaS accelerator startup investing 40

Tomasz Tunguz

JUNE 28, 2017

One typical Friday morning in 2004, I walked into a government building and headed to work. I was a junior Java engineer and part of a hired team building an internal system for a government agency. We were a few days behind on schedule, and a technical issue arose. During the morning team meeting, we made a plan to refactor a small key part of the codebase - an effort that should have taken just the morning. And I made a classic mistake.

frameworks 63

frameworks startup innovation technology 63

Entrepreneurs' Organization

JANUARY 2, 2020

You may be surprised to learn that the first podcast dates back to 2004, when former MTV video jockey Adam Curry and software developer Dave Winer developed what is largely considered the first podcast. In the second article in our series about podcasts , we talk more with two EO members who launched online audio shows in 2019. In part one, we covered three questions to answer before you launch. .

advice 164

advice entrepreneurs strategy founder 164

Angel Capital Association

JULY 17, 2020

Although female founders increased their percentage of investment from 5% in 2004 to 21% in 2018, that number is still far from parity with male founders. By: Samer Yousif There’s been a reckoning in the early-stage investment ecosystem. For the first time in history, investors are being forced to recognize and reflect on the lack of diversity within their portfolios and pipelines — and from Silicon Valley to New York City, the startup capital ecosystem is experiencing a reckoning.

investing 40

investing investment funders founder 40

Berkonomics

JULY 10, 2014

The first is of a 2004 startup that I cofounded and led the investment group for several early rounds, then VC rounds. I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up premoney valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. There is always another attractive deal at the ready, and most have reasonable expectations of valuation.

founder 63

founder capital support investing 63

Tomasz Tunguz

MAY 13, 2015

But, the company has been operating at close to breakeven since 2004. Similar to net income, Ariba sustained cash flow breakeven for the first time in 2009, but flirted with the mark since about 2004. Ariba went public in 1999 three years after having been founded. In its first year of selling, the company generated $800,000 in revenue. Then it ramped. $8 8 million, then $45 million, then $274M.

sustainability 40

sustainability investing investment development 40

This is going to be BIG.

AUGUST 14, 2013

Does anyone want a flatbed scanner from 2004? I came to the realization yesterday that I have too many things. They''re not fancy things. Many of the things are things that I have that go with other things that are things I no longer have--phone cords in historic form factors. Some are necessary things in unnecessary numbers. I appear to have three or four dozen forks, yet seating for only eight (fourteen if you count the couches and the popason chair.)

startup 169

startup 169

Tomasz Tunguz

NOVEMBER 13, 2016

NetSuite spent $38M on payroll generated $17M in 2004. What percentage of revenue should be spent on payroll? In 2001, Salesforce spent $35.6M on payroll and generated $5.4M in revenue. as both of these companies scaled and approached IPO, the operating expense ratio (OER) or operating expense divided by revenue, asymptotes to 0.8. For every dollar of revenue, both of these companies spent $0.80 in payroll at scale. The OER is a metric of efficiency.

SaaS 40

SaaS financing finance ventures 40

Tomasz Tunguz

JULY 14, 2016

The last time I learned a new programming language was 2004. I had been writing in Java for about four years, and then I heard whispers of a new framework called Rails that allowed engineers to write web applications in one-tenth the time of a Java web application. Over the course of a few weeks, I bought an armful of paper books, read them, and worked through the examples. A few weeks later, I built my first Rails application and brought it to work at Google.

frameworks 40

frameworks education capital 40

Both Sides of the Table

JULY 1, 2010

Based in Palo Alto and founded in 2004 by PayPal alumni. I think I’ve now mastered how to make images clickable so in the future you *should* always be able to click on the TWiVC image above and go directly to the video. Just in case here’s the link to this week’s episode. Our guest this week was Scott Painter. Scott is the kind of guy you could just grab a drink with, sit back and listen to him tell stories for hours. Actually, I’ve done this!

incubation 237

incubation financing finance entrepreneurship 237

Both Sides of the Table

APRIL 19, 2011

Selling LowerMyBills: o In 2004 he was getting a lot of call to take more money but was not interested. I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. Matt is one of the most transparent, focused & honest startup guys you’ll meet. You can watch him on YouTube , download in iTunes (for gym or commute) 3/31/11 edition.

startup 254

startup entrepreneurship media venture capital 254

Tomasz Tunguz

JUNE 8, 2015

The business was founded in 2004, but hit its stride 2009 and went public in 2012. Worth $11.5B, ServiceNow is the third public SaaS company, after Salesforce and LinkedIn. Based in San Diego, ServiceNow employs roughly 3000 people, and sells a system of record for IT operations teams to manage IT assets, facilities, and human resources.

SaaS 40

SaaS sustainability enablement capital 40

Gust

NOVEMBER 4, 2011

Intermix wasn’t an “incubator” per se, but it created, acquired and operated a portfolio of consumer Web properties in the areas of content, community and e-commerce, of which MySpace turned out to be the biggest hit by orders of magnitude, becoming the fastest growing site in the history of the Internet and the defining brand of the social media explosion between 2004 and 2008. By the fall of 2004, the site’s explosive growth attracted the attention of many potential investors and buyers.

incubation 86

incubation financing finance media 86

Both Sides of the Table

FEBRUARY 3, 2011

And I’m sure everyone remembers the video that put them on the map – the one I first saw – which was the Bush/Kerry video This Land is Your Land (“you have more waffles than a house of pancakes), which was part of the 2004 elections and both candidates were asked about while they were campaigning. As many of you know I run a weekly webcast called This Week in VC that’s getting between 25-35,000 weekly views across ThisWeekIn.com, YouTube & mostly iTunes.

venture capital 253

venture capital creativity culture media 253

Tomasz Tunguz

NOVEMBER 2, 2014

The grey line smooths the chart to show long term changes and the blue dashed line marks the 2004 Median Series B pre-money. What a difference a few quarters make! In the past nine months, Series A valuations have skyrocketed. In fact, 2014 Series A pre-money valuations have surpassed median Series B valuations from 10 years ago, accounting for inflation. The same is true for Series B valuations exceeding Series C valuations.

accelerator 40

accelerator capital founder startup 40