Because the Domain Makes it Really Real

This is going to be BIG.

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.

Embracing the Circular Economy: One EO Entrepreneur’s Story

Entrepreneurs' Organization

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).

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You Can’t Fire Your Investor

A VC: Musings of a VC in NYC

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.

New USV Website

Continuations

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.

The Hit Rate

A VC: Musings of a VC in NYC

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.

Mary Grove on the origins of Google for Startups & Startup Weekend

TechStars

I had the great privilege of joining Google in 2004. I joined the legal team back in 2004, and I actually worked on the IPO deal team for my first year, which was a fascinating and wonderful experience, with the process of going public and really being part of a very fast growing organization. From Google for Startups to Startup Weekend to Rise of the Rest and beyond, Mary Grove is passionate about community-driven change, and helping make it happen.

Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004. The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice.

Pulled Ant Group IPO costs Alibaba nearly $60B in market cap

TechCrunch

Ant has its roots in Alipay, an online payment service founded in 2004. News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares.

Kevin Rose on his product philosophy, Reddit & Digg’s inverse journeys & Twitter’s recent product innovations | E1185

Jason Calacanis

Jason saw Digg early in 2004 and was impressed with how quickly it became a top source of traffic for his company Weblogs, Inc Jason got a verbal OK from Weblogs investor Mark Cuban to try to buy Digg for $1M. Top Insights. Products must begin with only 2-3 key features.

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HealthTech News Roundup

Dream It

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.

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Singapore-based sales productivity platform Nektar raises $2.15 million seed round

TechCrunch

Individual investors also contributed to the funding, including Five9 executive vice president Anand Chandrasekaran; Airtel chief executive of enterprise business Ganesh Lakshminarayanan; Vinod Muthukrishnan, the chief growth officer of Cisco’s Contact Center Business Unit; Venkat Tadanki, who sold his former startup Daksh to IBM in 2004; and Capillary Technologies co-founder and CEO Aneesh Reddy. Nektar co-founders Abhijeet Vijayvergiya and Aravind Ravi Sulekha.

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The Importance of Local Media to Boost Startups in Rising Cities

Revolution

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.”

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Hint Founder Kara Goldin Says When it Comes to Entrepreneurship, Just Get Started

StartupNation

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.

History Doesn’t Repeat Itself, But It Does Rhyme

A VC: Musings of a VC in NYC

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.

The Myth of the Young Startup Founder

Ian Hathaway

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.

Selling More Online: A Conversation All About E-commerce

Smart Hustle Magazine

His eBay business took off and he voluntarily left his job in 2004 and never looked back. John Lawson and Jackson Cunningham spoke at the Survive and Thrive Summit and talked all about starting e-commerce.

The Benefits of Patenting: When to Protect Your Inventions and Why

StartupNation

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.

The Tory Burch Foundation Fellowship Program is Accepting Applications

Smart Hustle Magazine

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.

Millennials May Not Be ‘the Entrepreneurs of Today’ Everyone Thinks They Are

Wesley Cherisien

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

The Coming Zombie Startup Apocalypse

This is going to be BIG.

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.

Coaches: How To Sell Happiness to Your Customers (Delivering on Your Promise)

Startup Grind

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.

Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

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.

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Why venture capitalists are investing in international startups

David Teten - VC

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.

Why the NYC startup scene needs Sean Parker

This is going to be BIG.

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.

Investors are missing out on Black founders

TechCrunch

I was in college from 2000 to 2004. Craig J. Lewis. Contributor. Share on Twitter. Craig J. Lewis is the founder and CEO of Gig Wage , a simplified fintech payroll platform built for contract workers. I’m a Black man in America — that’s hard.

SiteGround Hosting Review

Wesley Cherisien

In 2004, SiteGround launched a website hosting service that has become the gold standard of hosting today and powers over 2 million domains.

How the New York City innovation community can still lose (and what you can do about it)

This is going to be BIG.

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.

How to Launch a Podcast: Advice for Entrepreneurs

Entrepreneurs' Organization

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.

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The SaaS Valuation Bubble

Tomasz Tunguz

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.

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What Is Churn Rate? – Meaning, Types, & Formulas

Feedough

Moreover, Netflix’s shareholders even sued the company in 2004 over its improper calculation of churn rate. According to Stanford , every business that exists today might become a subscription business soon.

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Prioritizing Your Startup's Roadmap

Tomasz Tunguz

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.

[CyberMDX in PR Newswire] CyberMDX Supports Cyber Awareness Month with Hospital Hacks Video Campaign

OurCrowd

This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

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!

Has a startup finally found one of food science’s holy grails with its healthy sugar substitute?

TechCrunch

NEW YORK – DECEMBER 6: Packets of the popular sugar substitute Splenda are seen December 6, 2004 in New York City. A little less than three years ago at the Computer Science Museum in Mountain View, Calif.

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Don’t get hung up on valuation.

Berkonomics

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.

Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

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.

From $800k to $274M in 4 Years - The Story of Ariba

Tomasz Tunguz

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.