Value is Now Generated Pre-IPO; for companies going public before 2000, almost 75 percent of their eventual market value was realized in the public market, post-IPO; Who would have imagined that Splunk, which started out just analyzing log files, could be worth over $4 billion?
June 14, 2013 Leave a comment
The Right Now Economy: The Next Wave of Startup Success
[Editor’s Note: Mark Siegel, managing director at Menlo Ventures, was the keynote speaker at IBF’sVenture Capital Investing Conference today in San Francisco. The post below summarizes his talk, in which he argued that the convergence of mobility, cloud infrastructure, social and big data—what he calls the Right Now Economy—sets the stage for $500 billion in venture returns over the next decade.]
Every technology cycle is driven by a huge disruptive new trend in innovation, such as the PC, the Internet/telecom boom, or the rise of social networking. We’re in the midst of the latest cycle, and it’s particularly compelling because it marks the convergence of four important trends: mobile, social, cloud infrastructure and Big Data.
These technological mega-trends have converged to create the real-time marketplaces of the Right Now Economy, which are already disrupting trillions of dollars in aggregate market value and have produced an incredibly fertile area for entrepreneurs to grow ideas into well-funded companies with the potential to take on established stalwarts. Read more of this post