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Praying to the God of Valuation

Both Sides of the Table

Between 2006–2008 I sold both companies that I had started and became a VC. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC).

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

This is going to be BIG.

I’ve been asked by portfolio companies and plenty of others about how they should be changing their strategy given the stock market pullback and what they’ve been hearing on “VC twitter”. After the 2008 financial crash that nearly bankrupted the entire global economy, VCs took about a nine-month pause before getting back to normal.

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On Funding?—?Shots on Goal

Both Sides of the Table

We’ve had two companies where we had to bridge finance them several times before they eventually IPO’d We had a portfolio company turn-down a $350 million acquisition because they wanted at least $400 million. The right number of deals will depend on your strategy. It sold to Amazon for > $1 billion.

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Former Affirm exec Silvija Martincevic to lead shift work management platform Deputy

TechCrunch

Based in Australia, Deputy is focused on expanding in the United States and other countries, and Martincevic will oversee its growth strategy. Founded in 2008, Deputy has raised $104 million AUD (about $72 million USD) from investors like Square Peg and IVP, reaching soonicorn valuation. She is also a board member of Lemonade and Kiva.

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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. In 2008-2009, the financial markets seized up, and there were quarters of complete uncertainty, but ultimately VCs started investing again and things normalized. This is not without precedent.

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TechCrunch+ roundup: Convertible note fundraising, fintech’s falloff, how to mark-to-market

TechCrunch

Everyone loves an underdog, which is why investors and tech journalists are so fond of discussing startups that launched during the Great Recession of 2008, like Airbnb, Uber, WhatsApp, Mailchimp, Square and Venmo. If your company is too nascent to be valued, convertible notes might be a viable way to secure early financing.

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AccountsIQ scores €5.8M for its financial management software for multi-entity SMEs

TechCrunch

Launched in 2008 in Dublin, AccountsIQ’s cloud-based FMS aims to simplify how multi-entity businesses “capture, process and report” their financial results. Finch Capital launches third fund to invest in European fintech at Series A and B.