Remove 2004 Remove communities Remove financing Remove investment
article thumbnail

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

This is going to be BIG.

As a Brooklyn native who has never lived outside the five boroughs—and someone who left Big Finance—I feel a special kind of pride over what’s gone on here in the last six+ years. I've heard that most new angels make 70% of their lifetime investments within the first year of starting to invest--i.e.

article thumbnail

Playing the Long Game in Venture Capital

Both Sides of the Table

This “overnight success” was first financed in 2004. Of the first four investments I made as a VC in 2009, two have exited and two (Invoca & GumGum) still are independent and likely to produce $billion++ outcomes . My first ever investment as a VC was Invoca. Maker Studios?—?sold

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why the NYC startup scene needs Sean Parker

This is going to be BIG.

He spotted Facebook in 2004 and Spotify in 2009. or would he have been convinced to take a financing round? I'm not surprised, because New Yorkers have more of a trading/investment mentality--thinking that it's better to take a sure $100 million than go for a home run with a lot more capital. VCs seem to listen.

startup 278
article thumbnail

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

Both Sides of the Table

He’s personally led more than 50 financing rounds. Based in Palo Alto and founded in 2004 by PayPal alumni. Offers two products: Palantir Government and Palantir Finance. Used by hedge funds, the intelligence community and multiple government agencies. It’s part of what makes him so likable.

VC 248
article thumbnail

Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

My initial desire to blog came from something that’s always been my approach to investing – I’m a nerd and I love to play with the technology and part of my approach has really been to understand things both at a user level and at a reasonably deep tentacle level. In 2004 / 2005 I was starting to get intrigued with user-generated content.

article thumbnail

Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

I learned everything I know about startups in these lean years: 2001-2004. If you’re business has complicated accounting (like many ad network businesses) and if you’re raised enough money to warrant it – a great VP Finance is worth his/her weight in gold. Even better if he/she can double as a VP Operations & HR.

culture 333
article thumbnail

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

Gust

Entrepreneurs and investors who have spent any time dealing with convertible debt seed financing transactions are likely to have encountered the subject of valuation caps. The cap is irrelevant if the next equity financing is at a valuation below the cap amount.)