After years atop the US food delivery market, Grubhub has been unseated by a Silicon Valley challenger. DoorDash overtook Grubhub in US monthly sales in May, according to research firm Second Measure.
SAN FRANCISCO — Slack shares soared on Thursday on its first day of trading on the stock market, in a sign that Wall Street remains tantalized by fast-growing young technology firms even after the recent lackluster public offerings of larger companies like Uber.
Ofo “has basically no assets” (link in Chinese) and therefore cannot repay Tianjin Fuji-Ta Bicycle, a supplier that sued the operator of the bike-share company this year to recover the roughly $36 million it was owed, a court in the city of Tianjin ruled on Monday (June 17).
The traditional initial public offering has lost its luster in Silicon Valley. Startups awash in billions of venture capital are pushing off the day as long as possible. Venture capitalists lament the “broken” IPO process.
Updated at 4:24 p.m. ET Thursday In just five years, Slack has grown to have more than 10 million users and has become a verb in the process. "I'll Slack you" is shorthand for sending a message via the workplace chat platform.
Corporate Venture Capital (“CVC”) got the nickname “tourist capital”, because of its high cyclicality: it tends to rise in the “high season” when markets are strong and has been historically quick to evaporate when markets get shaken up.
Shares in messaging app Slack surged 60% as the company became the latest tech start-up to join the stock market. Slack set a guide price of $26 a share, but within a couple of hours the stock traded close to $42 on Wall Street.
Silicon Valley companies don’t like anybody else having a say in their operations. Grumblings about initial public offerings are just the latest example. While the highest-profile tech IPO of the year, Uber, has thus far been a disappointment, other U.S.
This story appears in the April 30, 2019 issue of Forbes Magazine. Subscribe merging from the financial crisis in 2009, Marc Andreessen and Ben Horowitz laid out their campaign to take on Silicon Valley.
I Spent 300 Hours Gathering Data On Billion-Dollar Startups and Here’s 100 Charts You Shouldn’t MissAbout 15 months ago, I embarked on a journey to answer a personal question: what did billion-dollar startups look like when they were getting started? There are a lot of stereotypes and preconcept
The concept of starting a business without a plan would send anyone running -- and for good reason. Every great business begins with a plan that outlines measurable goals and the methods for achieving them. Plans, done correctly, can be a great roadmap.
The day before he turned 27, Nate Weiner drove from San Francisco to Mountain View for the most important meeting of his life.
Hey there, I’m glad we’re watching CNBC together. Don’t those Silicon Valley entrepreneurs look awful young? Especially that main one ringing the NASDAQ bell, with the spiky hair and shifty eyes? Interesting he chose to wear a hooded sweatshirt on the day he became a billionaire.
One of the big no-no’s we’ve learnt about early on in Silicon Valley is to publicly share the pitchdeck you’ve used to raise money. At least, not before you’ve been acquired or failed or in any other way been removed from stage. That’s a real shame, we thought.
After the design firm where he worked as a web developer went under, Ray S. turned the bad news into an opportunity to transition into iOS development. The Chicago-area resident thought a local coding bootcamp called Mobile Makers would help him make the jump.
Things were different in Silicon Valley in the distant year of 2012, when iPhone sales were skyrocketing and you could still buy a house in Palo Alto for less than $2 million. Back then, most restaurants had menus, not tasting menus.
On Friday, Oct. 11, 2013, Fab CEO Jason Goldberg gathered a dozen executives in the eighth-floor conference room of the company's New York City headquarters. When the executives filed in, they were handed a five-page document.
Here is an essay version of my class notes from Class 13 of CS183: Startup. Errors and omissions are mine. Credit for good stuff is Peter’s entirely. The biggest philosophical question underlying startups is how much luck is involved when they succeed. As important as the luck vs.
It's been 6 months now since I moved from Amsterdam to Asia to work remotely. I chose Thailand for its low-cost of living and safety.
Here is an essay version of my class notes from Class 11 of CS183: Startup. Errors and omissions are mine. Credit for good stuff is Peter’s.
Blogging is like the modern day welcome mat, showing passers-by that someone is home and will probably answer the doorbell if you ring it. For startups, this is particularly important as you strive to establish your voice and brand point of view.
I believe that most advice on choosing a startup to work for is wrong. Early employees at wildly successful startups suggest you assume the value of your equity is zero and instead optimize for how much you can learn.
Uber is now a massive, publicly traded company. Anyone can buy Uber shares at a valuation of about $70 billion. This isn’t bad for a company losing billions of dollars a year, but it’s a fraction of the $120-billion valuation the IPO’s bankers initially floated.
Feeling bored at work? Just go start a company. Feeling depressed about life and lack any direction? Just go start a company. Broke up recently? Just go start a company. Had a parent die and can’t move on? Just go start a company. (To be fair, I overheard that one last year.
In late July, news broke that Flud, the social news reader for iOS, Android and Windows Phone, was headed to the deadpool. Startup failure is an all-too familiar, even cliche, story in Silicon Valley.
I’m a big fan of TEDTalks -- they’re full of insights on everything from human nature to scientific breakthroughs to trends in design. They’re inspirational, informative and eye-opening in ways that can help you become a better person and a better professional.
Once a startup raises their seed round, more often than not I see a team slipping into trouble after just a week. The founders may have just banked a year’s worth of runway, it doesn’t matter. I already know the startup is going to die.
I’ve prepared a list of 300 web resources that are not only awesome, but free to use. if I am missing any other useful resource! This post is part of our contributor series. The views expressed are the author's own and not necessarily shared by TNW.
A bunch of companies I’m involved in have gone for seed funding in the last few months. After one of them asked for the ultra-warrior-l33t-skillz, I thought I’d put this post up and break it down. If any of you are raising your first startup or seed money, this is a must read.
Pitching your startup to investors just might be the most nerve-wracking aspect of starting your new business -- well, besides the prospect of losing your shirt. I get it. The last thing you want to do when you're sleep-deprived and edgy and suffering startup angst is pitch it over... and over...
The world where if you don’t get to CAC < LTV VERY quickly you need to move on. In fact, that’s the reason most startups die and the reason why most direct response marketing campaigns die even faster.
Entrepreneurial education is slowly but surely becoming more mainstream. Traditional universities are offering entrepreneurs more tools than ever before.
Visit a startup’s website, and you’ll eventually drift towards a few standard links, from About to Team to Contact. But among those options, appearing on almost every site, is one link that simply doesn’t belong with the rest: “Blog.”
Over 90% of tech startups fail, but I never thought my baby, 99dresses, would be one of them. If there is one thing that doing a startup has taught me, it’s that I am much more resilient than I could have ever imagined.
At the age of 34, Parker Conrad's life has been so fantastical, so filled with highs and lows, that it sounds like a made-for-TV movie. As the cofounder and CEO of Zenefits, today he's a Silicon Valley golden boy, a major success story.
Over the past several months I have been having a lot of conversations with non-technical folks who want to start, or are starting a company. I’m drawn to these conversations for the difference in perspective.
But that afternoon, the friend received a call from Jody's wife, Kerri. Jody had gone missing. Three hours later, Kerri notified the Las Vegas Police Department, fearing something might have happened to her husband.
Last week we launched a new series about our journey to $100K a month. Now let's go back to where it all began... In May of 2011, I was talking on the phone with a fairly well-known VC. We had been introduced through mutual friends, and I was telling him about my plans for Groove.
Startups have always been hard. Even when you think you are putting in your best, it may not be enough to pull it off. Truthfully, most people fail. But don't give up on your dream just yet.
This is the sixth article in our new series with advice on building a business, company culture and life-hacking from Joel, CEO here at Buffer. You can grab all posts here. Choosing a name is one of the parts of a startup I find the most difficult.
It's been a crazy two weeks. I just launched my 4th startup called Nomad List as part of my goal to launch 12 startups in 12 months. They're all minimum viable products, built to test a hypothesis and see if they can get a market fit in a month. They've all been doing relatively well.
20 years ago, the classic startup model was to have young founders start a breakthrough company, then bring in “grey hair” in the form of experienced executives once it was time to scale the business. Key examples included Cisco, Yahoo, eBay, Google, and many smaller companies.
Yesterday I asked a prominent VC a question: "Why is it that, despite the fact that so many successful startup ideas come from academic research, on the investment side there doesn't seem to be anyone vetting companies on the basis of whether or not what they're doing is consistent with the relevan
VC’s have just changed the ~50-year old social contract with startup employees. In doing so they may have removed one of the key incentives that made startups different from working in a large company. For most startup employee’s startup stock options are now a bad deal.
I co-founded my business NutraBella, Inc. in 2005 after hearing my pregnant friends complain about their horse-pill sized pre-natal vitamins. We dreamed of giving women better vitamin options with Bellybar.
A lot of the advice we give startups is tactical; meant to be helpful on a day to day or week to week basis. But some advice is more fundamental. We’ve collected here what we at YC consider the most important, most transformative advice for startups.
Editor’s note: Milo Yiannopoulos is a journalist and broadcaster. His first book, The Sociopaths of Silicon Valley, will be published in 2015. I hate activist journalism. But last week, I was responsible for the death of a startup.
Startups throw out bogus metrics all the time when talking to investors and the press. Prominent Silicon Valley venture capital firm Andreessen Horowitz wants them to stop.
As a budding entrepreneur, you will come across thousands of sites while you search for the information that you need to start and run a successful business. While some of these websites are one-shot deals, a number of them will become favorites that you visit over and over.
My steady corporate job was great on paper—it paid well and let me travel the world, but it was also incredibly taxing and limiting. I didn't want to be a cog in that system. I wanted to run my own business, but I never anticipated the challenges that came with it.
The "PayPal Mafia" is no mafia at all. It's a diaspora. That's how David Sacks, former COO of PayPal and former CEO of Yammer, described it. The ominous "they" in this story is eBay, and eBay is partly responsible for both the success of PayPal and why the founders walked away from it.
As you’re sitting down and reading this article, you’ll be both shocked and inspired by the roller coaster we went through to hit #646 in the Inc 5000 list.
What attributes does a founder need to make his or her startup thrive? There are plenty of myths floating around Silicon Valley, augmented by the legends of hot-headed young Turks such as Steve Jobs or Mark Zuckerberg, that you need to be in your 20s with a rigid mindset and a hefty ego.
Every few days I get an email for feedback on whether someone’s startup idea is worth doing, or for help figuring out how to pick just one idea and focus on it. It’s tough making these decisions. We waste too much time working on the wrong things.
With the IPO market now blown wide-open, and the media completely infatuated with frothy trades in the bubbly late stage private market, it is common to see articles that reference both “valuation” and “revenue” and suggest that there is a correlation between the two.
This is the second article in our new series with advice on building a business, company culture and life-hacking from Joel, CEO here at Buffer. You can grab all posts here. Recently 37signals published an article titled Some advice from Jeff Bezos.
Earlier, we’d described how the acqui-hire has become the exit du jour for startups struggling to stay afloat. While the acqui-hire does provide a nice alternative to death, it is a fairly recent phenomenon and is by no means a guarantee.
In an ideal world, you have at least a year’s salary saved up and you can quit your day job in order to focus 100 percent on your entrepreneurial venture. Unfortunately, that’s just not feasible for many entrepreneurs who end up being successful.
When it was first invented, I can imagine that the press release was an incredibly powerful tool. Write a single document, fire it off to the largest media outlets, and boom—instant press coverage.
I don’t know if you ever experienced a eureka moment – a second when everything comes together and an amazing idea pops into your head.
That’s what Satya Nadella wrote in his opening email to the company shortly after becoming Microsoft’s new CEO. It was a clear call to arms that Microsoft needed to reignite innovation in order to scale the company after roughly 15 years of stagnation.
The startups that build and retain the best teams develop a huge competitive advantage. It’s no surprise that managers are the most important influencers of team development and retention.
[This is a weekly series that brings you raw, first-hand experiences from founders and investors in the trenches. Their story submissions are anonymous, allowing them to share openly without fear of retribution.
If you ever want to be the center of controversy in a room packed with developers, declare that one programming language is better than another. Banners will be raised and battle cries will be heard from various fiefdoms pontificating: And so on.
After a long tenure at the helm of Y Combinator — during which a summer “bootcamp” for undergrads turned into a Silicon Valley institution, pioneering the “seed accelerator” model and inspiring a new league of tech-focused business incubators — Paul Graham announced last week that
As Justin Kan’s Chief of Staff, I am actively involved in operating Atrium and investing in early-stage startups. Founders ask me many questions, but there’s one they ask me more often than any other: “how do investors evaluate startups?”
Free things are great, and they’re even better when they save you, your startup, and your investors a boatload of money and drama. And lucky for you, startup accelerator program 500 Startups is releasing one of those magical gifts today.
JESSICA LIVINGSTON: The most important thing an early-stage startup should know about marketing is rather counterintuitive: that you probably shouldn’t be doing anything you’d use the term “marketing” to describe. Sales and marketing are two ends of a continuum.
Co-living is the logical next step in the race to monetize the wantrepreneur lifestyle. Before WeWork came knocking, the 12-story building at the corner of South Clark and 23rd streets in a grayscale office park in Crystal City was outdated and vacant.
In the weeks that preceded Google's $1.15 billion purchase of the Israeli map app Waze in 2013, there was a constant stream of leaks about the deal, and about a bidding war between Google, Facebook, and Apple.
But to repeat ourselves for a moment: Good metrics aren’t just about raising money from VCs … they’re about running the business in a way where founders can know how — and why — certain things are working (or not), and then address them accordingly.
Christian Gheorghe's life is a rags-to-riches story worthy of a Disney movie, and no one is more surprised, or grateful, than he is. He arrived in the U.S. from Communist Romania in the early 1990s speaking no English, with $26 in his pocket.
Most entrepreneurs dream about building the next big billion-dollar company. After all, who doesn’t want to be the next Steve Jobs or Mark Zuckerberg? It’s a fair aspiration, but oftentimes, the Apple, Google, and Facebook-shaped stars in their eyes end up clouding their vision.
Last month, I wrote an article - how I achieved Nirwana as an entrepreneur. But I feel I missed a few points in the process passing on an incomplete message. I know enough people who have dreamt of starting a company, but they never took the first step.
This should be the starting point for any startup founder, but it’s often overlooked. Too often people dive straight into their shiny solution ideas without thinking about why they’re doing what they’re doing or considering the change they want to see in the world.
There has been discussion from the venture capitalist angle on the failings of mobile consumer companies, including posts by Fred Wilson and Om Malik. I wanted to share my perspective, having been the co-founder of a mobile-first startup . We’ve raised $3.
Last weekend, Danielle Morrill, CEO of Mattermark, tweeted up a storm of solid advice for startups looking to raise investment.
Let’s face it, if you’re starting a business, one of your main concerns is going to be growth. It won’t matter how great your idea is if you fail to gain any traction.
When Amazon announced a deal to acquire Eero, the maker of a groundbreaking WiFi system, it sounded like a classic Silicon Valley success story: a promising startup is acquired by the biggest bidder in the land, and everyone rolls around in cash. But that is not this story.
In the many thousands of articles advising entrepreneurs on what they have to focus on to build successful startups, much has been written about three key factors: team, product and market, with particular focus on the importance of product/market fit.
Here is an essay version of my class notes from Class 7 of CS183: Startup. Errors and omissions are mine. Roelof Botha, partner at Sequoia Capital and former CFO of PayPal, and Paul Graham, partner and co-founder of Y Combinator, joined this class as guest speakers.
Whether they're battle-tested veterans or fresh-faced newbies, entrepreneurs undergo an intense learning process when establishing and launching a business. Even those who've been through it before typically face a certain amount of uncertainty.
PORTLAND, Ore. — It’s Friday afternoon, and the funky, open floor office of Treehouse LLC, a fast-growing tech company, is empty. The lights are off. Rows of computers are silent. The food in the well-stocked pantry, the ping-pong table and video-game consoles untouched.
In 2004, Andy Rubin made an urgent call to his friend, Steve Perlman. Rubin's startup, Android, was in trouble, he explained. Rubin didn't like asking for money again, but the situation was dire.
Here’s some stunning, Earth-shattering news: You know all those hundreds of incredibly stupid startups that have been raising seed money in Silicon Valley despite the fact that the people running those startups have no experience doing anything, ever, and have no idea at all how to generate reven
Last week, we raised a $45 million Series A led by Kleiner Perkins. We took an unusual approach in raising our A, starting with the fact that we had no formal Pitch Deck. Instead, the centerpiece of our fundraising materials was an Investor Memo, which laid out our pitch in prose.
As long as consumers have problems, they will always search for solutions. People will always look for better, faster and smarter ways to accomplish everyday tasks. And fortunately for entrepreneurs, there are still lots of rooms for improvements in existing products.
Editor’s note: James Altucher is an investor, programmer, author, and several-times entrepreneur. His latest book is “Choose Yourself Guide To Wealth” Imagine if someone asked “would you invest in this company?” Your answer is going to be similar. With a few additions.
We’re in an era of the cult of the entrepreneur. We analyze the Tory Burches and Evan Spiegels of the world looking for a magic formula or set of personality traits that lead to success.
You may be running the show, but the people on your team have just as much of an impact on your company's success as you do. Smart entrepreneurs surround themselves with positive people, especially when business is bad.
Euphoric super fans tout entrepreneurship as the best thing since the iPhone. Others describe it as a never-ending slog of busywork. The truth lies somewhere in the middle.
Be as objective and rational as possible. What may have seemed like a good idea for a business can, after some thought and analysis, prove not viable because of heavy competition, insufficient funding, or a nonexistent market. (Sometimes even the best ideas are simply ahead of their time.