Do VCs Help in Building a Technology Platform; Part 2

abovethecrowd.com

Over three years ago, I wrote a post titled, “Do VCs Help in Building a Technology Platform?“ “ The premise (as you can go see), was that VCs who once primarily invested in companies built on Microsoft’s platform, had almost universal switched to the open source LAMP stack as their technology platform of choice. This activity obviously helps

Benchmark Capital: Open For Business

abovethecrowd.com

“People see you having fun Just a-lying in the sun Tell them that you like it this way” – BTO, Takin’ Care of Business The seemingly chronic state of our economy, combined with the thundering sound of dire financial news has left many in a state of shock. This unprecedented moment in time [.]. Internet Uncategorized Web/Tech Finance Investing Venture Venture Capital

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Back to Blogging (maybe)…

abovethecrowd.com

I haven’t written a public post in over two years, and many people ask me when I might write again. The bottom line is I have been really busy. Busy with our investments here at Benchmark, and busy with three growing kids at home. But in the end, I am quite fond of writing, and [.]. Internet Uncategorized Web/Tech Above the Crowd Benchmark Capital

BAILOUT what?

abovethecrowd.com

I wish someone could help me understand why Fannie Mae and Freddie Mac stock prices are not hovering near zero. Is our governement really going to bail out equity investors in a failed business enterpriose? I totally get keeeping America afloat, but it is critical that failed businesses FAIL. They must FAIL. You can’t provide

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Hear how Blumberg Capital and DoubleVerify have worked together since 2008 on TechCrunch Live

TechCrunch

days of 2008. Oren Netzer and his co-founder Alex Liverant started DoubleVerify in the heady Web 2.0 Blumberg Capital was the company’s first institutional investor.

Bleak VC Quarter? Why?

abovethecrowd.com

Matt Richtel over at the New York Times wrote an interesting article last week titled, “Venture Investors Wrap Up an Unusually Bleak Quarter.” ” The main data point that spurred the article is that this is the first quarter since 1978 that not one venture backed company went public. I don’t aim to dispute the facts.

How Top Gear Nearly Ruined Tesla

Entrepreneur's Handbook

In 2008, the TV show introduced the first Tesla as a failure in the real world Continue reading on Entrepreneur's Handbook ». entrepreneurship startup technology strawberry2021 business

Intern Developer Built a $8.82 Billion Software Empire?—?Despite an Economic Meltdown

Entrepreneur's Handbook

In 2008, Drew Houston posted a screencast of his demo product online. Two years later, he was sitting across the desk from Steve Jobs… Continue reading on Entrepreneur's Handbook ». entrepreneurship leadership programming startup business

Zomato Statistics, Facts, & User Counts

Feedough

Founded by Deepinder Goyal and Pankaj Chaddah in 2008, Zomato. Read more. Brand Statistics

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Cash on Cash vs IRR

A VC: Musings of a VC in NYC

Our 2008 vintage early-stage fund has generated about 5x cash on cash but only generated a 22.5% That explains why our 2010 Opportunity Fund has a lower cash on cash return but a much higher IRR than our 2008 early-stage fund. The two most used measures of a venture fund’s performance are the “cash on cash” return and the “internal rate of return” (IRR). One measures how much an investor got back divided by how much they put in (cash/cash).

What Could the Venture Market Look Like in the Coronavirus Era

Tomasz Tunguz

The most recent event to use as an analogy is the 2008 financial crisis. In 2008, I had just joined the venture industry, and then Lehman fell. That grew to about $5B per quarter in 2007 and early 2008. If history is a guide, though, we can look to the 2008 financial crisis.

The Fundraising Market Two Quarters into COVID

Tomasz Tunguz

We reviewed the data in May and compared it to the effects of the financial crisis in 2008 on startup fundraising. As a reminder, 2008 saw a 40% reduction in venture dollars invested in startups. These corrections match 2008.

Product-Market Fit in Different Capital Environments

Tomasz Tunguz

In 2008, tightfistedness dominated the market. Given how much investors prefer faster growth rates and the massive surge in venture fund size, I don’t expect the ramen and ping-pong days of 2008 to return anytime soon.

How to take advantage of a recession to build your brand

Entrepreneurs' Organization

During the 2008 recession, while everyone else was hanging onto the gunwales of tossing ships, offering bargains, and hoping for a quick end to the pain, a restaurant near our office started remodeling.

Dreamit Ventures Announces Spring 2020 Cohort, Kicks Off Its First Fully Virtual Program

Dream It

Since 2008, Dreamit has worked with over 350 companies. The venture fund launched a completely virtual program with a focus on helping 13 Urbantech, Healthtech, and Securetech startups with business development, customer growth, and capital raising in a time of economic uncertainty.

The Appointment of Ron Klain as White House Chief of Staff

Revolution

He has served as General Counsel and Executive Vice President since the firm launched in 2005, with notable departures to serve our country as Vice President Biden’s Chief of Staff in 2008 and President Obama’s Ebola Czar in 2014.

Starting At The Start

A VC: Musings of a VC in NYC

The Bitcoin Whitepaper , originally published in October 2008, is a work of art. A reader emailed me yesterday and I replied: Hi Fred, do you have any suggestion for good primers/book explaining cryptocurrencies a bit better to the inexperienced and uninitiated? i would start at the start [link] The Bitcoin Whitepaper, originally published in October 2008, is a work of art.

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From sales to CEO: A female entrepreneur’s journey in the beverage alcohol industry

Entrepreneurs' Organization

Working in wine during the financial crisis of 2008, I quickly noticed the opportunity to innovate within the alcohol logistics industry alongside my business colleague, Tim Elenteny.

Reflections on Overnight Success

Founders Coop

The world of software investing has changed dramatically since we started Founders’ Co-op back in 2008. Today Seattle fintech unicorn Remitly (NASDAQ: RELY ) begins its journey as a public company. This is obviously a huge milestone for the founders, not to mention the 1,600+ employees who have joined them along the way. It’s a different kind of milestone for me as an investor: 10 years ago I led the company’s Seed round and joined the board, where I served until the Series C.

A Decentralized Archive

A VC: Musings of a VC in NYC

And you can see what AVC looked like in September 2008. And you can see what AVC looked like in September 2008. The Internet Archive and Wayback Machine are awesome. You can see that in 1998, AVC.com was pointing to something called Fishnet that looked like this. There are many archives, some of them quite specialized, in the physical and digital world.

Announcing the 17 New Startups in Dreamit Ventures’ SecureTech, HealthTech, and UrbanTech Programs

Dream It

Since 2008, Dreamit has worked with over 320 companies. Press Release The venture fund and growth-focused accelerator accepted the cohort from a field of nearly 2,000 pre-Series A companies NEW YORK CITY, NY — April 2, 2019 — Dreamit Ventures, an early stage venture fund and growth-focused accelerator, announced its latest batch of startups this week.

"About Last Night." The note I just sent to my portfolio.

This is going to be BIG.

In 2008, I tried to fundraise for my startup the week that Lehman Brothers went under. Over the long term, innovation prevailed and 2008 turned out to be a great year to have a 1-3 year old company if you could make it through the next year. You can imagine how well that worked out. Basically, VCs told us that they were going to wait and see how the election turned out--and things didn't really thaw out until the following September.

Birdzeye’s Norlock is Helping Minority Owned Businesses Gain Equal Access to North American Retail…

Jason Malki

Trevor started his career in consumer electronics in 2008, at a small startup in San Francisco called JOBY.

Canopy Connect’s Stary is Supercharging Sales via His Deep Finance and Tech Experience

Jason Malki

I graduated from college in 2008?—?before I had the pleasure of interviewing Corey Stary, who is the Head of Enterprise Sales & Partnerships at Canopy Connect. Canopy Connect is a new entrant into the burgeoning InsurTech space.

Announcing Founders’ Co-op V

Founders Coop

When we started Founders’ Co-op back in 2008, Seattle was still a company town. Aviel and I are thrilled to share the news that we’ve just closed a new fund, our fifth, and at $50M our largest yet. In most ways, this is just business as usual. Our LPs, many of whom are founders themselves, love our commitment to being first and fast, writing high-conviction pre-seed and seed checks to the best technical founding teams in the Pacific Northwest.

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

Dream It

LPs failed to make capital calls in the late 90s during the dot-com bubble burst, after September 11, and during the financial crisis in 2008. Paul Martino, General Partner at Bullpen Capital.

The Stock Dive: How I Learned to Stop Worrying and Love the Market

This is going to be BIG.

After the 2008 financial crash that nearly bankrupted the entire global economy, VCs took about a nine-month pause before getting back to normal.

Things Will Be Different

This is going to be BIG.

The Financial Crisis of 2008 sure seemed bad in the moment as well. As I write this, Congress is working hard to undo the mistakes of the 2008 bailout and the sense that corporations got off easy and the little guy was never made whole. I remember looking at other people on the street the day after 9/11. Everyone was just so sad.

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Cision acquires TrendKite (Dreamit 2013) for $225 million

Dream It

Since its founding in 2008, Dreamit has accelerated nearly 300 startups, including LevelUp (acquired by GrubHub), Trendkite (acquired by Cision), SeatGeek, HouseParty, Adaptly (acquired by Accenture), Wellth, Biomeme, Tissue Analytics, Redox, Eko Devices, Raxar, and Elevate. Global PR powerhouse Cision announced today that it is acquiring Dreamit alum TrendKite in a deal valuing the startup at $225 million.

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From Police Officer to Crime Scene Cleaning Business

Smart Hustle Magazine

She launched the business in 2008 and in 2016 started her first franchise mode. Lauren Spaulding, is the owner of Spaulding Decon.

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Get Out While You Can

The Seraf Compass

In the late morning on a Saturday in February 2008, this go-fast car guy was bombing down the left lane of a Massachusetts highway. Moving and thinking fast are a way of life for Steve Skillings.

Should Founders Still Raise in an Economic Downturn?

Dream It

Having been at the forefront of the dot-com boom, 9/11, and the financial crisis of 2008, Jason knows what it takes to survive this downturn.

From Employee to Owner: How I Bought My Business

StartupNation

Four years later in 2008, the United States was in the grips of the Great Recession. In 2008, I was so invested in this business that I knew I could not sit there and watch it dissolve. Every entrepreneur’s story is unique. Many individuals start off with a good idea.

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

Entrepreneurs' Organization

Others recall the 2008 financial crisis. 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.

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One Decade In, Saying Hello to the Next One: Announcing Founders’ Co-op IV

Founders Coop

In early 2008 we announced the formation of Founders’ Co-op. As with our first fund back in 2008, it looks like we’re heading into another cycle of uncertainty in the global economy. Where does the time go? We called it a fund, but at $2.7 million it wasn’t much of one, just some of our own money and some from a few local friends who knew how hard it was to be a founder up in this remote corner of the world.

[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.

ACT Tulsa is very intentional in building trust with founders of color

Innovation 2 Enterprise

After all, Selexys scaled from a TBFP investment back in 2008, to being acquired by Novartis in a $665 million deal. By Scott Meacham. ACT Tulsa is very intentional about creating an on-ramp to trust with founders who are Black and Brown.