It takes a little while to set up a venture firm, raise the money.īen: You just don't snap your fingers and have $300 million?īen: Today, listeners, we will cover the next 11 years from the firm's founding to today. Launched in 2009.ĭavid: It takes a little while. We last left Marc and Ben instant messenger conversation in 2009 with the famous first words, “We have to start a venture capital firm and I was thinking the same thing.”ĭavid: I think that conversation was actually 2008.īen: 2008, that makes more sense.
Listeners, welcome to Andreessen Horowitz part two. I'm Ben Gilbert and I'm a co-founder and managing director of Seattle based Pioneer Square Labs and our venture fund PSL Ventures.ĭavid: And I'm David Rosenthal and I am an angel investor based in San Francisco.īen: And we are your host. The Podcast about great technology companies and the stories and playbooks behind them.
Thank you as well to Wilson Sonsini - You can learn more about WSGR at: īen: Welcome to season 9 episode 2 of Acquired. Thanks to Silicon Valley Bank for being our banner sponsor for Acquired Season 6. We have five honorable mentions that didn’t make our Top Ten list. It is obviously subject to change going forward from both future and past acquisition performance, as well as fluctuating stock prices. This ranking represents a point in time in history, March 2, 2020. If we made an assumption not disclosed by the parent company, we linked to the source of the reported assumption. All underlying assumptions are based on public financial disclosures unless stated otherwise. We recognize this analysis is flawed (cashflow/profit multiples are better, at least for mature companies), but given the opacity of most companies’ business unit reporting, this was the only way to apply a consistent and straightforward approach to each deal. If you have any examples you think we missed ping us on Slack or email at: We used revenue multiples to estimate the current value of the acquired company, multiplying its current estimated revenue by the market cap-to-revenue multiple of the parent company’s stock. We considered all historical acquisitions - not just technology companies - but may have overlooked some in areas that we know less well. Naspers’ investment in Tencent and Softbank/Yahoo’s investment in Alibaba are disqualified for this reason. In order to count for our list, acquisitions must be at least a majority stake in the target company (otherwise it’s just an investment). Thank you as well to Pitchbook and to Nord Security. You can get in touch with Pilot here, and Acquired listeners get 20% off their first 6 months! (use the link above) They are truly the gold standard for startup bookkeeping, and many of the companies we work with run on them. Pilot is in fact backed by Bezos himself, along with other all-star investors including Sequoia, Index, and Stripe. To paraphrase Jeff Bezos's AWS analogy: bookkeeping and tax don't make your product any better - so you should let Pilot handle them for you. Thank you to Pilot for being our presenting sponsor for all of Acquired Season 9! Pilot takes care of startups' bookkeeping, tax and CFO services so busy founders can focus on what matters. Michael Mauboussin on persistence of returns across asset classes. If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and access for live events and discussions with episode guests. The story of modern venture capital starts here. We dissect it all in glorious detail, right down to the famous office library (located next to the Rosewood on Sand Hill, natch). Huge valuations and massive fund sizes? Check and check. 
The Complete History & Strategy of Andreessen Horowitz Part IIĪlright, backstory's out of the way, and Acquired is rolling three hours deep on the venture firm that changed the game for everyone - a16z.
0 kommentar(er)
