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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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

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).

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.

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.

CO.STARTERS Launches New Initiative Focused on Small Business Recovery

CO.STARTERS

In fact, since 2008 we’ve guided more than 12,000 aspiring business owners through the process of launching or growing their ventures. A five-step Road to Recovery framework to help entrepreneurs adapt now and for the future. CO.STARTERS has always been about helping entrepreneurs get unstuck.

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.

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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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.

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.

Growing a Living Community

CO.STARTERS

Since its early work with creative entrepreneurs beginning in 2008 and relaunch as a scalable program and brand in 2013, CO.STARTERS has equipped more than 630 leaders across 190+ communities, impacting more than 10,000 starters. CO.STARTERS Summit Highlights Deepened Support for Entrepreneurial Leaders. Grassroots entrepreneurial leaders from across the U.S. came together October 2–4 for the fifth CO.STARTERS Summit, held in the organization’s hometown of Chattanooga, Tennessee.

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.

Building a Front Door for Entrepreneurs through a Wayfinding Program

CO.STARTERS

Enoch Elwell and Sheldon Grizzle, CO.LAB’s founders, had been unofficially conducting these kinds of sessions since their work began in 2008. CASE STUDY. The Company Lab. Chattanooga, Tennessee.

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.

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.

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.

Five Years of Transformation

CO.STARTERS

What we now call CO.STARTERS began in 2008 as a grassroots effort supporting local creative entrepreneurs in Chattanooga, Tennessee. By Enoch Elwell, CO.STARTERS Founder & Visionary. CO.STARTERS recently passed the five-year mark as a company, representing more than a decade of learnings in what is now known as “ecosystem building” support. To mark this milestone I wanted to share some reflections on our journey and the journey of the communities we serve.

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.

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.

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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On Funding?—?Shots on Goal

Both Sides of the Table

They sold 2 years later for $16 million In the financial crisis of 2008 we had a company that had jointly hired lawyers to consider a bankruptcy and also pursued (and achieved!) On Funding?—?Shots

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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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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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.

How to Manage a Startup Through Troubling Times

Entrepreneurs' Organization

Like the downturns in 2008 and 2001, this has been a very trying time for entrepreneurs running startups. Contributed by Rizwan Virk , author of S tartup Myths and Models: What You Won’t Learn in Business School. The pandemic of 2020 has tested most sectors of the economy.

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.

Better to Be Lucky Than Good

The Seraf Compass

Consider the story of IONA Technologies, where Christopher was an executive from 1997 until 2008. Christopher has been known to quip every now and again, “Sometimes it is better to be lucky than good”. Like most humor, this phrase has its foundation in truth.

Extra Crunch members get unlimited access to 12M stock images for $99 per year

TechCrunch

Yay Images was born in 2008 in Oslo, Norway to create an affordable stock media agency with high-quality content. We’re excited to announce that we’ve partnered with Yay Images for a new Extra Crunch Partner Perk.

Hockey Stick Growth Explained

Feedough

Founded in 2008, by Andre Mason and Eric Lefkofsky as an e-commerce marketplace, the revenue growth of Groupon stands as a perfect example for a hockey stick growth. Over 96% of new businesses fail in the first 10 years.

[ADvantage in The Jerusalem Post] Former NBA all-star Michael Redd joins Israeli-backed sports tech fund

OurCrowd

Redd, who is well-known for winning gold in the 2008 Olympics and for his stellar tenure with the Milwaukee Bucks, will serve as a venture partner with the ADvantage Sports Tech Fund, a global sports tech fund backed in part by Israeli investment firm OurCrowd.