A VC: Musings of a VC in NYC

SEPTEMBER 12, 2022

Our interest in web3 which started back in 2011 was also grounded in the idea that new forms of funding are necessary to finance innovation and creative work. In the last thirteen years, Kickstarter has helped direct $6.2bn towards creative work that would not have been funded by the legacy institutions that support creative work.

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financing finance creativity innovation 226

Both Sides of the Table

JUNE 5, 2011

2007, 2011) and for the hottest of companies and in bad markets for fund raising (2003, 2008) prices test the bottom end of the range. Prices have definitely gone up in 2011 as depicted in the anecdotal chart below. There is no such thing as a uniform price. And of course there are always outliers.

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startup advice pitching investing 336

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.

networking 272

networking opportunity investing investment 272

Both Sides of the Table

DECEMBER 14, 2014

By 2011 the market had started to change dramatically. We announced Fund I in 2011. and I thought if we brought the community together for common purpose we could create more of a sense of community to help new entrepreneurs get funded, assemble teams, raise profiles and help with biz dev, product, etc.

accelerator 290

accelerator mentorship peer-to-peer VC 290

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.

venture capital 347

venture capital capital ventures VC 347

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?

ventures 361

ventures leadership mentorship venture capital 361

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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VC communities investing investment 360

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.

networking 230

networking advice VC financing 230

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.

investing 205

investing investment VC venture capital 205

This is going to be BIG.

JANUARY 1, 2013

In the middle of 2011, I started following the Four Hour Body diet and exercise routine. I couldn't have done it without some habits that have served me well--and so while I double down on the practices that have gotten me where I am, I'd love to share them with you in case you're trying to figure out what to resolve in 2013. 1) Run faster.

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sustainability innovation entrepreneurs investing 320

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.

entrepreneurs 374

entrepreneurs incubation board VC 374

Both Sides of the Table

JULY 13, 2012

According to Forrester Research (2011 report) 77% users who abandoned an online purchase cite the inability to speak to some as their primary reason for leaving. RingRevenue grew it’s revenue 3x 2010 over 2011 and is on track to grow more than 3x again in 2012 with no signs of slowing. Again, I have the data that proves it.

media 311

media board technology investing 311

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.

support 362

support innovation media communities 362

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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startup accelerator pitching venture capital 334

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.

investing 255

investing investment ventures startup 255

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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venture capital capital ventures founder 304

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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startup founder startup founder entrepreneurship 156

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.

communities 246

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

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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startup advice pitching VC 323

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.

media 201

media investing investment development 201

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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board disruption media SaaS 358

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.

venture capital 144

venture capital networking health VC 144

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.

media 302

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

Both Sides of the Table

APRIL 10, 2016

I joined Upfront Ventures in 2007 and took over as co-Managing Partner in 2011 along with the founder, Yves Sisteron. In the end, if you’re not developing a deep bench of talented professionals who keep you on your toes, you’re bound to be disrupted.

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disruption VC communities ventures 226

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 (..)

investing 175

investing investment leadership culture 175

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.

investing 167

investing investment leadership accelerator 167

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?

peer-to-peer 141

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

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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pitching board opportunity media 191

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.

capital 103

capital startup entrepreneurship support 103

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?

education 37

education communities networking sustainability 37

TechCrunch

MARCH 13, 2021

Business writer Gordon Pitts pinpoints 2011 as the game-changing year for the Atlantic startup scene. In his book “Unicorn in the Woods: How East Coast Geeks and Dreamers are Changing the Game , ” Pitts recounts how in March 2011 Salesforce purchased New Brunswick-based social media monitoring company Radian6 for approximately $300 million.

venture capital 137

venture capital capital culture advice 137

Entrepreneur's Handbook

DECEMBER 29, 2021

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

entrepreneurs 111

entrepreneurs development entrepreneurship startup 111

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.

communities 234

communities peer-to-peer venture capital enablement 234

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.

education 287

education disruption entrepreneurs financing 287