article thumbnail

Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. 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).

article thumbnail

How TVC Aims At Acquisitions, Not IPOs, with Jeb Spencer

socalTECH

One of the few local funds to recently raise a fund is TVC Capital (www.tvccapital.com), which just closed TVC Capital II, a $75 million growth equity and buyout fund. Jeb Spencer: We consider ourselves a private equity firm. We are focused on the investment in and acquisition of software firms that are generating $2.5M

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How YP Is Growing A Giant Tech Team In Glendale

socalTECH

I was recruited for the role when we were still at AT&T Interactive in October of 2008, by some of my former coworkers at Yahoo, who had already landed here. We also know we''re not a startup, and don''t have equity to offer. Yelp and Agie''s List has been fantastic in the reviews path. READ MORE>>.

article thumbnail

How YP.com Is Growing A Giant Tech Team In Glendale

socalTECH

I was recruited for the role when we were still at ATT Interactive in October of 2008, by some of my former coworkers at Yahoo, who had already landed here. We also know we''re not a startup, and don''t have equity to offer. Yelp and Agie''s List has been fantastic in the reviews path. READ MORE>>.

article thumbnail

2010 VC Funding Outlook for Startups – Prepare for Winter (Part 3/3)

Both Sides of the Table

In the first post in this three part series I described why I believe the VC market froze between September 2008 – April 2009. We spent our future since the equity was artificial. It affects even B2B companies because ultimately most must sell to companies who sell to consumers and if they suffer they cut back on suppliers.

article thumbnail

What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

So as of 2008 total LP commitments were still at nearly $250 billion. So even within the “alternative class&# our LPs are looking at other asset investment choices such as distressed buyout funds, private equity or hedge funds. Our current fund was raised in 2008/09.] VC will shrink. Oh yes it will.

article thumbnail

On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

It’s like people arguing that there’s a beautiful beach house in 2006 that represents great long-term value due to scarcity of similar property. I said, “It’s much easier now than it was in 2008/09.&# That happened a lot in 2002 and again in 2008. That doesn’t mean it’s not a bubble.

Pricing 309