Category Archives: Venture Capital

Mattermark Daily – Tuesday, July 22nd

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From the Investors

Ben Horowitz of Andreessen Horowitz tears up the floorboards of the budgeting process and finds termites underneath in “How to Ruin Your Company with One Bad Process” — “Local incentives, if not properly managed, will sharply motivate human behavior and defeat the global goals.”

Boris Wertz of Version One Ventures isn’t fooled by the abundance of “‘easy’ early-stage money floating around right now” in “What Every Entrepreneur Should Know About Financing Right Now

Mark Suster of Upfront Ventures defines “shelfware” and tells companies how to avoid churn in a downturn in “Here’s Why a Booming Tech Market May Fool You into Thinking You’re Successful

Bijan Sabet of Spark Capital is drawn to technologies that enable intention, creativity, and choice in “Intention and the Choices We Make Every Day

Benedict Evans of Andreessen Horowitz brings into focus the magnitude of the internet’s growth as a result of smartphones in “Mobile Leverage

Hunter Walk of Homebrew Ventures recommends top-down forecasting that focuses on milestones for early-stage startups in “Sunny Whether: Two Types of Forecasting Models for Running Your Startup

Guy Turner of Hyde Park Venture Partners favors the bottom-up approach to forecasting in “Great Startup CEOs See the Future… And How to Do It

Mike Collett of Promus Ventures wants founders to listen up and avoid their peers’ mistakes in “There’s a Hole in That Road: 10 Common Pitfalls for Startups

Roy Bahat of Bloomberg Beta teaches fundraising founders how to craft the perfect forward intro email in “Introductions and the ‘Forward Intro Email’

David Weekly of Drove.VC pens a breakup letter to a product he believes has lost its focus — “Dear Foursquare”

From the Operators

Tom Hughes of Zafgen dates some bankers and shows some skin in “Lessons From an IPO

Jerome Ng of VenueSpot describes the hustle, the uncertainty, and the struggle of the first 500 days in “500 Days in.

Greg Brockman of Stripe lays out three advantages to a global market that embraces cryptocurrencies in “Bitcoin: the Stripe Perspective

Mattermark Daily – Monday, July 21st

Posted in Venture Capital: by .

From the Investors

Jeff Bussgang of Flybridge Capital explains why predictability and visibility are the secrets to a SaaS company’s valuation in “Recurring Revenue is Magic

Angel Investor Mark Cuban dusts off an old court case from his Broadcast.com days and draws some comparisons in “AEREO – Everything Old is New Again

Semil Shah of Haystack Fund distills the lessons from Dave McClure and 500 Startups on fundraising, accountability, and angel investors in “Notes from the 2014 Pre-Money Conference

Brad Feld of Foundry Group asks mentors if their words match their actions in “Mentors 3/18: Be Authentic – Practice What You Preach

Charlie O’Donnell of Brooklyn Bridge Ventures equates running a startup without marketing to running a marathon with only one shoe in “Growth is a Commodity

Chris Dixon of Andreessen Horowitz breaks down how Coinbase created zero net Bitcoin exposure for buyers and merchants in “Bitcoin and Volatility

Bilal Zuberi of Lux Capital hears an unanswered call for innovation in “Computational Sound

Lee Hower of NextView Ventures looks optimistically at the rising class of Boston universities and startups in “Boston Startup Talent: Leaky Bucket or Everlasting Spring?

Tomasz Tunguz of Redpoint Ventures expands on some reflections by top VCs from the dot-com days in “Lessons from Interviews of Pre-Eminent VCs in 2000

Hunter Walk of Homebrew offers some ideas for aspiring entrepreneurs looking to reform philanthropy in “Average American Gives 3.1% of Income to Charity. Three Product Ideas to Help me be More Charitable.

Angel Investor Gary Vaynerchuk reflects on user interest and being wrong on the record in “I Was Really Super Wrong about Snapchat Stories

From the Operators

Megan Kierstead of Social Ergonomics tells what it’s like to be a woman in a field with omnipresent behavioral and cultural biases in “Death by a Thousand Cuts: The Reality of Being a Woman in Tech” — “Even compliments come with strings attached.”

Kieran Snyder of Amazon analyzes data on interruptions/hour and concludes that speaking up begets moving up in “Want to Get Ahead as a Woman in Tech? Learn to Interrupt.

Alex Taub of SocialRank gets founders to believe in three things before they get on the line to pitch a still-evolving product in “How Do You Pre-Sell When You Don’t Have a Product?

Andrew Wong of Coinvent looks to his home screen heroes for simplicity and focus in “Why Design Matters for Your Startup

Steli Efti of Close.io coaches salespeople through the aftermath of a bad call in “Sales Mindset: How to Recover from a Bad Sales Call?

From the Community

Startup Advisor Chris Shipley reconsiders what it means to be an entrepreneur in Silicon Valley and what values drive entrepreneurs today in “Losing My Religion

YC Portfolio Stats – Mattermark Crunches the Numbers

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Y Combinator logoToday startup incubator Y Combinator posted stats about their portfolio, which now spans 716 companies (including 85 in the current batch) who have raised more than $3 Billion in collective funding. At the end of the post YC President Sam Altman noted:

…we don’t keep statistics on total revenue or jobs created, though I expect both numbers would be impressive.

While YC doesn’t track these things, we do. I’ve taken a look at the data we have on YC companies and here’s what I found:

  • 267 companies currently have 2 or more employees
  • 8,164 people are currently employed by a YC company [1]
  • 121 companies have disclosed an exit (no IPOs, all acquisitions so far)
  • 66% of YC companies are based in the Bay Area, followed by New York (7%) and Boston (2%)
  • 76 un-exited companies have raised a venture round of funding (Series A or beyond)
  • There is a nearly 50/50 split between B2B and B2C startups in the portfolio
  • The average Series A stage YC company has 26 employees and has raised $10.2M of funding in its lifetime (median is $7.3M)

Interested in learning more? Login to Mattermark and check out Y Combinator’s portfolio growth, metrics, breakdown, and signals in greater detail.

[1] The total number is probably much higher, many of these companies do not have LinkedIn pages or employees on LinkedIn, Crunchbase, news, and other sources until they are further along. I think an estimate of 9,000 to 10,000 current jobs created by current YC companies is reasonable.