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Praying to the God of Valuation

Both Sides of the Table

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. 2001–2007: THE BUILDING YEARS The dot com bubble had burst. We wanted new things to exist and to solve new problems and to see our creations come to life.

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This Week in VC with Mo Koyfman of Spark Capital

Both Sides of the Table

Company grew by more than “400% each year” for past few years [assume growth metric = revenues]. Metrics: 2.5mm members, 1,000 brands, 2,500 sale events to-date. Launched in 2007 in Los Angeles by Adam Bernhard and Konstantin Glasmacher. Metrics: 50mm users (up from 40mm in Dec 2009), -Competition includes: Spotify , Last.fm.

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Business.com Boosts Analytics

socalTECH

Santa Monica-based Business.com , which provides online directories for B2B purchasing, announced today that the firm has launched a new tool to help advertisers access pay-per-click metrics on the site. Donnelley back in 2007. Business.com is now owned by R.H. Donnelley; the firm was purchased by R.H. READ MORE>>.

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Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

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. I saw this kind of pricing when I first entered the VC market in 2007. Another firm we saw tried to raise $15 million at a $60 million pre-money with similar metrics. It was early 2000.

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Startup CTO or Developer

SoCal CTO

In December 2007, I described how I commonly take on an Acting CTO Role in a Start-up. What metrics are going to be the key startup metrics and how do we get those metrics without too much cost? I used an image from Roger Smith that describes the varying roles of a CTO as the company matures.

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What I *Would Have* Said at TechCrunch Disrupt

Both Sides of the Table

At GRP we sat out 2007 and much of 2008 for that reason and we’re now looking pretty smart for doing so. If you do a $1 million angel round at $6 million pre-money and hope to do a Series A round for $2-3 million that’s fine as long as you’re doing awesome against your metric goals and the market continues to be frothy.

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Interview with Clark Benson, Ranker

socalTECH

It actually closed on New Year's Day, 2007. Our traffic metrics have been growing, and we're now up to over 2 million monthly uniques, and 7 million monthly page views. Clark Benson: I'm a serial entrepreneur, and have had one prior Internet exit. I sold that company, eCRUSH, which operated espin.com, to Hearst at the end of 2006.

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