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After bootstrapping since 2002, Articulate raises $1.5B on $3.75B valuation

TechCrunch

CEO Adam Schwartz founded the company with his life savings in 2002 and hasn’t taken a dime of outside investment since. He says that the company started back in 2002 as a plug-in for PowerPoint.

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Because the Domain Makes it Really Real

This is going to be BIG.

I tried to write a book for college kids in 2002-2003, couldn''t get it published, so I started blogging in February of 2004. I started a business newspaper in 1998 in college covering the stock market and the economy. I got my first job in venture--at GM--in February 2001.

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The Trouble with Venture Capital Data

This is going to be BIG.

Sounds like a huge amount, but only later does he say that only " 476 funds which had known Net IRR values, the overwhelming majority of which were from vintage 2002, or more recently." Conservatively, though, this data set of mostly 2002 or later funds would cover about 4 funds from each firm given that timeframe.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. That happened a lot in 2002 and again in 2008. I believe a bubble occurs when a market is willing to pay greater than intrinsic value for an asset class. Have a cushion.

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Why Web3?

A VC: Musings of a VC in NYC

It reminds me of the early days of web2 in 2001/2002/2003, when we started USV. The good news is there are literally tens of thousands of teams building new things on a web3 stack now. Some of the best entrepreneurs and developers have moved over. The tooling is getting better. That was also a time of great cynicism.

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Does the Size of a VC Fund Matter?

Both Sides of the Table

If the VC your talking to raised its last fund in 2002 then they likely don’t have much fire power for new investments. If you imagine that they did most of their initial investments between 2002-2007 then it’s been 3 years of mostly doing follow-on investments in those old deals. Why does vintage matter to you?

VC 269
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Social Networking (the Shorter Version) Past, Present, Future

Both Sides of the Table

The Past (1985-2002). Next began the era of “spam-based&# networks of which Plaxo (founded in 2002) was the king. What are the big trends that will drive the next phase of social networks? mobile, locations, layering of services, data management, portability & more]. We have been using social networks for 25+ years.