Tag Archive: Venture Capital

Tony Perkins hosts

Tony Perkins introduces Bill Cleary, former Apple Computer Sr. Executive

Tony Perkins’ Always On is hosting the annual “Innovation Summit” at Santa Clara University (SCU).

This excellent high-level business conference, which i’ve attended for four years out of the past five, has been renamed this year. Formerly, it was the “Venture Capital Summit at Stanford”.

It has been relocated from Stanford University, 20 miles to the north (just West of Palo Alto), to Santa Clara University (SCU), in the heart of San Jose California.

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Are startup valuations out of control again?

WebvanWhat’s the point of railing about Facebook, Twitter, LinkedIn, and Groupon?

Do we once again have a “bubble” in dot-com?  Do we have a “pre-IPO dot com valuation mania” underway, centered around companies with questionable business models?  That question is being asked a lot.

Now here is an example of a truly solid “dot com”:  Google

In contrast to today’s social-media firms, Google has an insanely great business model. The made a fundamental invention which is changing the world, and delivers immense economic value.  

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Is Groupon *really* worth $6B? How about Facebook @$60B? Twitter $3.5B?

Groupon logoOn the tenth anniversary of the dot com bust, we may be running up to a second one

OK, it’s 2010… 2000 + 10 years.  Groupon is supposedly worth $6B (“according to Google”, which passed after figuring that out), Facebook is worth $60B (“according to a new private investor”), and “Twitter”, which has a hazy business model (much like Facebook and Groupon, save copying Google’s ads) is worth $3.5B – according to the venture capitalists. Does anyone think there is a good reason for these companies to be valued as such?  Are we not, in a second “dot com bubble?  If not, then please explain your rationale, and thinking.

There is a reason the public has no enthusiasm for high tech IPO’s…

And guess what… it’s not the $3M per startup pre-IPO overhead from Sarbanes-Oxley (SOX) legislation, as many VC’s seem to feel. That’s actually not a big problem – startups preparing to go public can afford the $3M. It may be an unpleasant hassle, and unfair – but it’s not the reason the tech IPO market has been week. It has much more to do with a little incident ten years ago, which we all remember fondly, called “the dot com bubble (and bust)”.

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Michael Arrington of TechCrunch takes on, defeats Seattle at TechFlash event

TechFlash, a Seattle blog which covers tech startups, held an event which featured Mike Arrington

This lively panel discussion featured Bill Bryant from Draper Fisher, Hillel Cooperman from Jackson Fish Market, Serena Glover of Twango, Andy Sack of Founder’s Co-Op and the founding director of TechStars Seattle,

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Renegotiated Financial Regulation bill (FINREG) still stands to cripple Angel investment, job formation

The War on Reg D – Redux

Chris Dodd, an outgoing US Senator due to taking loans from Mortgage firms he helped, is pushing a bill which will strangle startups

There’s been a LOT of complaining recently about the terms which negatively impact the $26B annual world of “Angel” investing, which have been slipped into Senator Chris Dodd’s Financial Reform bill (“FINREG”). The Wall Street Journal railed about it under the banner “Angels Out of America“:

  • Regulation D, also known as “Reg D” among securities types (along with Rules 504, and 505, and 506) is an area of US Securities law in which the SEC exempts certain qualified securities offerings – those made into very small start-up companies by private investors – from the requirements of “registration” for public offerings, with State and Federal Securities regulators.
  • Under Reg D and the associated Rules, a start-up company can take investments from individuals without involving the investment banks, filing for an initial public offering (IPO). and complying with Sarbanes-Oxley (SOX) requirements – among other horrors.
  • A key aspect of these Federal legal codes, is the concept of an “Accredited investor” being involved in these “exempt” (from public registration) investments.  Accredited investors have to date been able to factor in their primary residence into the net worth calculation, a central tenant of Reg D.

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An education in Angel investment with Dr. Rob Wiltbank – part 2

How many U.S. Angel investing groups are there? How are they organized?  How do they conduct due diligence?

In this 4 minute “part 2″ video segment from our educational interview series with Prof Rob Wiltbank of Willamette University, we explore how U.S. Angel investing groups are formed,

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An education in Angel investment, with Dr. Rob Wiltbank – part 1

This is part 1 of 14 short video interview segments with Dr. Rob Wiltbank of Willamette University (Salem & Portland, OR).

Rob has been studying, analyzing, publishing papers, and speaking about Angel investments, focusing on investment outcomes, for the past ten years.

In addition to teaching entrepreneurship, Rob is a Venture Partner with Seattle venture capital firm Montlake Capital. He has recently raised a $300k Angel investment fund which his business school students are in the process of

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Part 4, Brad Feld: How does Techstars work? And advice for young entrepreneurs

This 6-minute video, part 4/4 of our interview with software-internet venture capitalist Brad Feld covers how the Techstars 90 day venture incubation program works. Techstars currently has programs running in Boulder, Boston, and Seattle.

We also asked Brad what advice he would give young entrepreneurs just getting started today and he came back with several specific, detailed suggestions.

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Brad Feld tells the story of his Angel investing and Venture Capital career

This 7-minute, part 2 of our interview with software-internet venture capitalist Brad Feld covers how he broke into tech investing after selling Feld Technologies:

  • Initial forays into Angel investing; some of the winners; what did and what didn’t work.
  • Why he moved to Boulder in 1995 (he’s often credited with turning Boulder into a startup zone).
  • How he got started in Venture Capital with Softbank and transitioned to Mobius Ventures.
  • The genesis of Foundry and it’s operating philosophy.

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Interview with Brad Feld, Boulder CO software internet venture capital partner

Startup Trek spent a week in Boulder, Colorado recently, getting to know some of the local entrepreneurs.

We were fortunate to kick things off by interviewing Foundry Group venture capitalist Brad Feld, Managing Director at Foundry Group‘s offices in Downtown Boulder, CO. Part 1 of our interview with Brad is a six minute session, covering Brad’s prolific career from his M.I.T. days to starting to make Angel investments, well before Foundry Group and TechStars.

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