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.

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. Seed investments suffered a 50% fall in Q3 2008, but the market came right back in Q4 and continued to increase in volume. Aside from Q3 2008 which saw a dip, VCs were still investing in as many rounds.

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. The underestimated business starters we support often feel stuck and alone, and find the help they need in our network of support and tools they can trust to find their best way forward.

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.

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.

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.

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.

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.

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. By launching a Wayfinding program for early-stage entrepreneurs, The Company Lab (CO.LAB) positioned themselves as the front door for entrepreneurs in their community and created a pipeline into their additional programs, including CO.STARTERS.

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. She recently attended a Facebook Live stream hosted by Warren Rustand , co-founder of EO’s Leadership Academy in Washington, D.C., where he addressed the global pandemic.

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"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.

Now is the best time to be an angel investor (let me show you how)

Jason Calacanis

I was very lucky to have started angel investing in 2008 during the Great Recession as a Scout for Sequoia Capital. I’ve been getting a lot of questions about the impact the coronavirus will have on startups and angel investors, so I thought I would tackle the issue head-on in this essay. Click to Tweet (can edit before sending): [link] ]. Giant disclaimer up top that (obviously) everyone’s safety and well-being is the most important thing right now. Full stop.

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. Many entrepreneurs are reliant on outside funding, whether angel investors, venture capitalists or strategic investors , to keep the venture going.

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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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.

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. The crisis began in August 2008, but by March 2009, deal activity in venture had picked up again and economic activity in the venture ecosystem normalized. Paul Martino, General Partner at Bullpen Capital.

What’s the most important thing in a young business?

Berkonomics

The days of being able to trust that there will be an investor or lender on the other end of a call or email whenever needed ended with the 2000 and 2008 bursts of those respective bubbles. Cash is everything to a new business. . How many times do we have to say this?

[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. That’s a very good entry point for new investors,” Medved says. Read more here. The post [OurCrowd CEO Jon Medved in Israel21c] Prepare for recession, reinvention and opportunity in post-covid economy appeared first on OurCrowd.

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. Jason Calacanis ( @jason ), angel investor in many category-defining companies, including Uber, Thumbtack, Wealthfront, Robinhood, and Calm, says you absolutely should. Jason sat down with Steve Barsh , Managing Partner of Dreamit, to give founders relevant downturn strategies.

How Big Business Could Help Small Business in Kansas City

Source Link

In 2008, America tried to rebuild the economy from the top down…This time, let's get creative and focus the bailouts on individual Americans and the communities where they live. For the first time, our small businesses are leading the recession. An article by Joel Mathis in The Week puts the crisis for small businesses in stark terms. Amazon seems to be doing well in the current crisis — it announced Monday it will hire 100,000 new workers for increased demand for delivery services.

health 100

[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.

ESHIP Communities Ecosystem Builder: Chef Esra England

Forward Cities

I graduated from Michigan State University with a BS in Clinical Laboratory Science in 2008. This interview is part of the “Ecosystem Builders” series. More information about the ESHIP Communities program can be found here. Q: What is something that’s happening in Kansas City right now that you are excited about? . A: I am really excited with the growth and development that’s going on in the city right now.

Why Did Nokia Fail?

Feedough

In 2008, Google launched the Android Operating System (OS). If you could turn back time and visit the early 2000’s for a survey on mobile phones, you’ll get some shocking revelations.

What Is Corporate Identity? – Importance, Elements, & Examples

Feedough

million suppliers since 2008, among other things. Imagining someone without a name, personality, or distinct behaviour is hard. It’s human nature to associate certain identification attributes to a person or a thing and call them its identity.

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The Coming Zombie Startup Apocalypse

This is going to be BIG.

Sam Altman of YC recently pointed out that pulling back during the downturn in 2008 would result in several big misses: In October of 2008, Sequoia Capital—arguably the best-ever in the business—gave the famous “RIP Good Times” presentation (I was there). 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.

The Strategic Question at Seed Today

Tomasz Tunguz

The previously fixed financial products that existed in 2008 of a $4-6M Series A and a $10-12M Series B are gone. I’ve written before about the Jacob’s Ladder of Fundraising. The Jacob’s Ladder is a children’s toy that flips over, and it’s a great metaphor for the seed market. Seed rounds are rapidly approaching and now often equal to the sizes of Series As just five years ago. The chart above shows the mean round size in the US across.

Money Management During COVID-19

Smart Hustle Magazine

What the pandemic has done and what the recession did in 2008 and 2009 is refocus everybody back to the cash flow stage. . Ramon spoke with two money experts — Carol Roth and Tricia Taitt — about how to handle finances and money during COVID-19.

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

This is going to be BIG.

Rob messed around with some local video thing in 2008, which everyone but Rob thought was a pretty terrible idea. " — Charlie O'Donnell (@ceonyc) December 29, 2008. 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.

JOBS Act Title III and Crowdfunding: What We Know So Far

Onevest

Equity crowdsourcing advocates are quick to mention that small business loans are at 75 percent of their 2008 peak. By John Lion. Photo credit: Getty Images. Waiting on Title III of the JOBS Act? Join the rest of the nation including equity crowdfunding platforms like 1000 Angels , the private investor network that connects startups with investors, where currently only accredited investors are allowed to invest. Accredited investors are only 1% of the US population.

6 Powerful Strategies for Business Growth [Bonus Tips for Startups]

Smart Hustle Magazine

In 2008, Tyler Jorgenson was not in any position to give out strategies for business growth, as he is now. In fact, he was quite literally in the opposite situation.

We stand ready to support you

Source Link

These are all emotions I vividly recall from June of 2008. All week, I have experienced flashbacks. The posts on social media, email exchanges, and Zoom meetings have been tinged with a tenor of panic, of uncertainty, and most of all, a tremor of fear. During that time, I served as a small business development center consultant at the University of Northern Iowa.