A VC: Musings of a VC in NYC

OCTOBER 27, 2021

That was USV’s initial web2 thesis: USV in 140 characters: invest in large networks of engaged users, differentiated by user experience, and defensible though network effects — Brad Burnham (@BradUSV) June 8, 2011. Chris Dixon called that “come for the tools, stay for the network” in this blog post.

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Both Sides of the Table

MAY 23, 2012

By 2010-2011 this had shrunk by half again, averaging under $15 billion. By the end of 2011 the Internet population was estimated at 2.3 Money flowing into our industry has also massively downsized. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year.

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Both Sides of the Table

OCTOBER 6, 2012

I had been trading emails & Tweets with venture capitalist John Frankel and we were to meet in person in March 2011 at SxSW to talk about Klout and other investments he had made. Other people were convinced including Kleiner Perkins who lead their $30 million fund raising in 2012 (they had previously also invested in 2011).

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Both Sides of the Table

OCTOBER 26, 2020

Just as Yves mentored me when I became his co-managing partner in 2011, he didn’t seek to ride off into the sunset either. So beyond running our flagship “Series Seed / A” fund there is much more to be done and I’m confident Kara will step up to that task. Wait, What About Yves?

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Both Sides of the Table

MARCH 12, 2013

In 2011 the company was sold to Nordstrom for $270 million in a deal that has been widely seen as a success for both buyer and seller. Greg was the CMO at HauteLook from the early days all the way through growing the business to 12 million registered users and far in excess of $200 million in annual sales.

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Both Sides of the Table

MARCH 6, 2016

In 2011 I started using Instagram. I had blogged when I was an entrepreneur. I went to an industry event where people actually called me self-centered for writing publicly. Ironic to be self-centered while you’re trying to offer advice to others. It was a break from information overload of Facebook.

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A VC: Musings of a VC in NYC

AUGUST 17, 2020

I woke up to a dream this morning where I was playing a game that was very similar to Turntable.fm , a failed effort to create a social music experience that had a moment back in 2011 and that I had invested in via USV. In the dream, someone had created a new version of the game that was basically identical to the original version.

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investing investment VC venture capital 205

Both Sides of the Table

MARCH 30, 2011

Those of us that are willing to admit that we fawked things up in the first dot-com explosion and learned from our mistakes have the battle wounds to make more pragmatic decisions in 2011.

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Dream It

JULY 31, 2019

In 2011, he founded Pota-Toss, a Kickstarter-funded iOS game, released on the App Store on October 2012. If you can't build the best business you can create. Jose “Caya” Cayasso is the co-founder and CEO of Slidebean , an automated, AI-powered, cloud-based presentation tool.

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Revolution

MAY 2, 2022

As the co-chair of the National Advisory Council on Innovation & Entrepreneurship and the chair of the entrepreneurial subcommittee of the White House Council on Jobs & Competitiveness, I invested countless hours in late 2011 and early 2012 conferring with both Democrats and Republicans on the subject of innovation.

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entrepreneurship innovation economic growth construction 49

This is going to be BIG.

JANUARY 9, 2012

Senator Schumer spoke at Internet Week in 2011. Instead, they’re kicking up a notch the kind of mentality that the record industry had when it was suing its own customers instead of coming up with innovative new business models. Back to Senators Schumer and Gillibrand.

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A VC: Musings of a VC in NYC

MARCH 20, 2022

I told him the story of how I bumped into Rikki Tahta walking through the garment district in NYC in the spring of 2011 and Rikki told me he was working on a Bitcoin startup. My friend Gordon asked me last night how I got into Bitcoin. I replied, “a what coin startup?” ” And Rikki told me to read the Bitcoin White Paper.

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A VC: Musings of a VC in NYC

JANUARY 13, 2020

I used this title for possibly the most regrettable blog post I have written on AVC back in 2011. Back in 2011, I wrote: He said “every company needs a marketing budget.” My friend Alex’s post on the topic this weekend has made me revisit my thoughts on the subject of marketing. That is certainly no longer true.

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Source Link

MARCH 30, 2022

In 2011, the Greater Kansas City Chamber of Commerce had a bold vision: to make Kansas City America’s most entrepreneurial city. Identify what you want to change and what success will look like, then determine what steps are needed to reach your community’s specific goals.

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communities entrepreneurial ecosystem economic growth sustainability 246

A VC: Musings of a VC in NYC

FEBRUARY 25, 2021

I remember meeting Zach Sims and his co-founder Ryan Bubinski back in 2011 when they started Codecademy. Zach was still in college and thinking of dropping out to focus on the Company. I just realized this morning that it has been ten years since then. Time does fly. Like many great companies their idea was simple, but powerful.

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education sustainability founder entrepreneurship 150

This is going to be BIG.

OCTOBER 1, 2014

So, if you''re going to argue that the process of venture capital is inherently unfair to women, here''s the logic that you *should not* use: "Less than 3 percent of the 6,793 companies that received venture capital from 2011-2013 were headed by a woman, according to a study from Babson College released Tuesday.

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Both Sides of the Table

JULY 7, 2015

I myself coined the term ENIFA (everyone now is a f **g angel) in 2011 but it didn’t stick as well as the term Unicorn did. ” I found myself nodding through all of it with quotes like, “Seed investing is the status symbol of Silicon Valley,” said Sam Altman. I was trying to cheekily suggest that it was the new status symbol.

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A VC: Musings of a VC in NYC

AUGUST 14, 2019

There was a time around 2010 and 2011 when Tumblr was the most engaging social platform that I was on. Tumblr was both a blogging platform and a social media application and while I always loved the versatility of the platform, native mobile applications benefit from simplicity, not complexity.

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Both Sides of the Table

DECEMBER 3, 2013

I started announcing my Twitter thesis back in 2011 (still serves as a useful read today). As this astute journalist pointed out, DataSift “ likely would have cost a lot more to acquire.” ” What gives? Why all the fuss about the Twitter firehose? I stated that Twitter provided. Predictive Data.

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Andreessen Horowitz

APRIL 16, 2024

My partner Marc saw the new world coming and wrote about it in 2011 in a piece called, “Software is Eating the World.” Andreessen Horowitz began in exactly this way with a $300M fund and 2 General Partners. Shortly after we started the firm, all that began to change. What he predicted then came true.

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Both Sides of the Table

JUNE 6, 2012

In 2011 YouTube had 1 trillion views, which is the equivalent of every human watching 140 videos. YouTube has done a phenomenal job in aggregating audiences, which is why I have taken to calling YouTube the new Comcast and believe it will be a huge disruptor in the TV market . 4 billion videos are watched daily.

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media networking development creativity 302

Entrepreneurs' Organization

JANUARY 21, 2020

Tim has been an EO member since 2011. Tim Hamilton is the founder and CEO of Praxent , a custom software and web app development firm. Praxent has been named for three consecutive years to the Inc. 5000 list of the fastest-growing private companies in the US.

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innovation strategy energy opportunity 222

A Smart Bear

JANUARY 4, 2018

We’ve come a long way from switching this blog to WordPress in 2009, my systematic vetting of the business idea in 2009 (after needing it myself due to the success of this blog crashing my dedicated server every time I got on Hackernews), the “ coming soon ” pre-launch in April 2010, our Series A 3-minute pitch in 2011, our incredible CEO Heather Brunner (..)

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Entrepreneurs' Organization

NOVEMBER 15, 2019

For me, that point came in 2011, when our company, Acceleration Partners, was doing about $1 million in revenue and I joined EO. A pivotal moment in the entrepreneurial journey is when you make the decision to stop doing everything yourself, and start trusting, and training, others to step up and do more.

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Entrepreneurs' Organization

DECEMBER 4, 2018

Aaron graduated from EO Accelerator and went on to become an EO member in 2011. It was a cool morning in April of 2011 when I found myself wandering around this cliff side town of Positano, Italy. Aaron Lee graduated from EO Accelerator and went on to become an EO member in 2011. So ask yourself: What’s your Positano?

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peer-to-peer accelerator leadership entrepreneurs 141

Entrepreneurs' Organization

JULY 12, 2023

In 2011, Irish SaaS firm Intercom had a churn problem and found the solution by understanding the customer’s job. It uses the perspective gained from understanding the customer’s job to improve a base offering, helping customers make progress better or faster than ever before. It gives your offerings pull.

innovation 244

innovation sustainability consulting SaaS 244

Young Leaders of the Americas Initiative

NOVEMBER 20, 2019

My two friends and I started Tejiendo Sonrisas, a Peruvian nonprofit organization, on March 1, 2011. To celebrate the work that our network members are doing to combat violence against women, we interviewed co-founder Hanz Heinz, who was enthusiastic to share his story. Can you expand on why you launched Tejiendo Sonrisas?

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education communities networking sustainability 37

Entrepreneur's Handbook

DECEMBER 29, 2021

It was 2011 and I was cratering. Continue reading on Entrepreneur's Handbook ».

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Both Sides of the Table

MAY 19, 2020

If you want to watch my interview from 7 years ago it’s here or you can read the summary notes I wrote up ) Derek built Startup Grind from 2011 with 20 people in one room for a conference into a global phenomenon with 600 chapters all over the world and more than 2 million members.

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communities peer-to-peer venture capital enablement 234

American Entrepreneurship

JUNE 13, 2024

With the recent closing of its Sixth fund of $900 million, the firm stands on a record of 47 IPOs, 28 mergers and acquisitions, and 58 FDA drug approvals since its founding in 2011. With over $3.5 billion now under management, Foresite’s team adheres to a data and science-driven investment strategy.

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This is going to be BIG.

JANUARY 12, 2016

I even punted on the fundraising by adding them to the Open Angel Forum in February, 2011, giving everyone else an opportunity to do the deal, without leading it myself. Because I didn't get a screaming yes across the board, I sat on the deal, asking more people, trying to be peripherally helpful, but not jumping in and taking a risk.

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Entrepreneurs' Organization

APRIL 20, 2020

In 2011, Greg’s first book, Simple Numbers, Straight Talk, Big Profits shares his core principles of how to turn your business into a wealth-building engine. After being named to the Inc. 5000 list for 2019, Greg’s firm merged with Carr, Riggs & Ingram CPAs and Advisors , a top 25 U.S. accounting firm, ranked by Accounting Today.

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Both Sides of the Table

JANUARY 1, 2012

2011 was the first year I went to SxSW. And why I still made it to breakfast at 8.30am with Christina Cacioppo the next morning (although I’m not sure she found me too Haimish of a conversationalist that day ). If you get a chance after you’re done with this post then please be sure to read Brook’s Haimish op-ed.

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TechCrunch

AUGUST 22, 2022

billion won ($ 284.2million) since its inception in 2011 before its IPO. Socar was founded in 2011 by Lee Jae-woong, who co-founded South Korea’s largest internet portal operator Daum Communications; Daum merged into Kakao in 2014. billion won ($150 million) funding at a 1.3 The startup raised a total of 379.7

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Haystack

JANUARY 14, 2019

When I moved back to the Bay Area in early 2011, the technology and startup sector didn’t feel as big or expansive as it does today. Now, contrast 2011 with 2019, and we have an entirely different situation. Back then, there were fewer deals, smaller funds, and relatively speaking, more deal transparency.

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Y Combinator

SEPTEMBER 28, 2021

Spenser and Curtis first applied to YC in 2011, but their idea, a new version of Mechanical Turk, did not impress YC’s reviewers at the time, and although they were clearly brilliant hackers, that first application was rejected. Amplitude founders Spenser Skates and Curtis Liu – March 2011.

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A VC: Musings of a VC in NYC

SEPTEMBER 30, 2019

Bill Gurley tweeted his blog post from 2011 that “ all revenue is not created equal.” So how you value and how you finance low margin businesses becomes very important. They can’t be valued too highly or you risk a financing crisis. ” That is a great way of saying what I was trying to say.

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