Both Sides of the Table
MAY 4, 2010
If this figure is accurate – it’s certainly a very large business even when you look at net revenues. Online advertising platform for local businesses; ReachLocal reported over $203 million in revenue for 2009, compared to around $146 million in 2008. Its net income for the 2009 period is $11.66 million loss in 2008.
InfoChachkie
NOVEMBER 23, 2015
There were no unicorns in sight on April 14th, 2008 when Kevin O'Connor, my Partner Jim Andelman and I met Twilio's Founder and CEO, Jeff Lawson. A true Internet Pioneer, by 2008, Kevin had already founded or co-founded two Unicorns in his own right, DoubleClick (sold to Google $3.1 billion) and ISS (sold to IBM $1.3 billion).
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Both Sides of the Table
OCTOBER 14, 2015
” It goes like this: What is your net burn rate? We have an entire generation of startup founders who don’t have muscle memory from getting their burn rates back into shape from 2008/09 or 2001-2005. And the truth is that I think this is just a harbinger of what we will see in the private markets very, very soon.
Both Sides of the Table
JULY 29, 2015
When you don’t know what failure looks like you can shoot for the moon without a safety net with the blind belief that you’ll conquer the world. When you’ve failed you at least think twice about the safety net albeit you may still take the leap. I saw this in 2001-2003 and in 2008-2010.
Both Sides of the Table
JANUARY 5, 2010
Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture. VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. That’s hard core. You have kids, a mortgage, MBA debt?
Startup Professionals Musings
OCTOBER 10, 2013
Since 2008, the desire for profits has trumped passion in 54 percent of new startups, according to a more recent study. If you are living your passion, you want to interact with customers, and “touch and feel” the product every day. Under all of these, net income flows easily into your personal income.
Startup Professionals Musings
SEPTEMBER 10, 2012
Since 2008, the desire for profits has trumped passion in 54 percent of new startups, according to a recent study. If you are living your passion, you want to interact with customers, and “touch and feel” the product every day. Under all of these, net income flows easily into your personal income.
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