Re:There Aren't Many Venture Backed IPOs
by loumf on Thursday June 23, 2011 @10:24AM
(#2687959)
If you don't include time, this graph is worthless. It's not just the exit amount, but how long it took you to get there. I think PG pointed out at Startup School that super-angels seem to be going for quick M&As, not IPOs, and that therefore, didn't care about the valuation as much.
Re:There Aren't Many Venture Backed IPOs
by alex_martin on Thursday June 23, 2011 @10:16AM
(#2687928)
I really like Fred Wilson's blog. But I'm wondering - he reckons there's a bubble in startups at the moment, should he be trying to exit USV investments [1]? I understand his complaints from a series-A investor perspective, but many of their portfolio companies are well established (Twitter, Meetup, Covestor etc.), why aren't they making a move for an exit?
Re:There Aren't Many Venture Backed IPOs
by suking on Friday June 24, 2011 @11:00AM
(#2692461)
That only denies SecondMarket - I think what he is saying is they might have sold to later stage VC/PE firms in an organized round and doesn't appear to be denying that he somehow exited. Honestly, don't blame him for at least cashing some out on 20X+ home run.
[1] http://www.usv.com/investments/