Yesterday, I talked about Fred Wilson’s predictions on IPOs and said he was wrong. But he said there would be more IPOs in 2017 than there have been in any year “since 2000,” not more than in the year 2000. And 4,000 loyal AVC readers were nice enough to send me emails telling me I f’d up. So yeah. Mistake #1.
In Tuesday’s newsletter, we did a survey about which company you’d want to be founder of and the survey design was poor resulting in people clicking on responses they didn’t mean to. So we’re redoing the poll below.
You should read Fred’s blog (www.avc.com). Based on all the emails telling me I screwed up, it seems everyone does but in case you don’t.
We internally refer to Fred Wilson as Freddie Dubs. Let’s get it trending.
Google and AI
We churn out a lot of reports but our most read (20,000+ times) of 2016 was our Google Strategy Teardown where we dug into Google’s patents, M&A, investments, and more to figure out where it’s going. AI was a key area.
The Economist recently dug into what Deep Mind brings to Google (sorry, I meant Alphabet) and used some of our data. Check out the article in the Industry Standard.
In December, Unilever announced its plans to acquire Living Proof, a hair care startup that aims to use science and technology to design improved products. We looked into Living Proof’s patent activity focused on a number of areas, from mending damaged hair to skincare applicators, and more.
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Let’s try this one more time
Below are sales growth, revenue, and VC funding statistics from CB Insights for 3 real companies who are all direct competitors. Read through their descriptions and then answer below.
Which company would you like to have founded?
Company 1 did $200M in revenue in 2016. It has raised $70M in VC. It is losing money. 2015 to 2016 revenue growth rate was 167%.
Company 2 did $175M in revenue in 2016. Besides a $500K bank loan it took recently, it is bootstrapped/revenue-funded. It is profitable. Its 2015-2016 revenue growth rate was 198%.
Company 3 did $180M in revenue in 2016. It is 100% bootstrapped/revenue-funded. Its 2015-2016 growth rate was 121%.
So, which company would you want to be the founder of?
When will we learn?
Yesterday, Medium laid off some peeps. And then there was this article about publishers being annoyed cuz they depended on it for revenue.
Whether it’s Twitter, FB, or LinkedIn’s API, it seems we regularly forget that building your castle in someone else’s sandbox is almost always a bad idea. Or as Fred Wilson more eloquently said it, “be your own b_tch.”
HR tech landscape
We created a periodic table of HR tech of over 130 startups and investors. The table covers startups targeting a variety of HR tech categories, as well as top exits and top investors in the space.