PitchBook and AngelList provide today’s headline reminders of the changing guard in global commerce. New companies with sound management, scalable technology and great staff will become VC targets. Successful mentoring combined with VC runway cash lead to IPOs, in turn lead to growth based publicly traded companies. The secret recipe – people and the retention of your talent. The legacy corporate world’s decline is a function of attracting and retaining top talent. Top talent produces 13:1 units of productivity (superstar) or 3:1 units of productivity (star) output over average [see “Shifting the Performance Curve” – P=(SK+E)*C] talent. Legacy Corporations are still fixated on recruitment cost control using 20th century VMS strategy, resume evaluation by in-house recruiters, and inadvertent bias interviewing techniques. The result is the retained workforce production often means to either 1:1 units of productivity (Average) or 0.5:1 units of productivity (Below Average) as the Superstars and Stars flee to companies that embrace them and their abilities. We will examine some of the specifics down the line.
IPO mania produced record exits for VCs in second quarter, PitchBook says
PUBLISHED THU, JUL 11 2019 Aditi Roy @ADITIROYCNBC
Venture capitalists have never seen returns like this. In the second quarter of 2019, the long-awaited market debuts of Uber, Pinterest and Slack, along with the surprising performance of enterprise IPOs Zoom and CrowdStrike, drove a record $138 billion in exit value for venture-backed companies, according to a report released on Thursday from PitchBook. The biggest prior period was the second quarter of 2012, when Facebook went public. IPOs made up almost 83% of total exit value in the period, also a new high, PitchBook said. Venture investors had been waiting for the public market floodgates to open for their biggest bets after an extended stretch of mega-funding rounds from hedge funds and investors like SoftBank kept companies private and liquidity locked up.
“AngelList Weekly" email@example.com - 32 fast-growing start-ups in San Francisco
The Bay Area is the center of the start-up universe. With higher salaries than most tech hubs, the greatest concentration of start-ups in the country, and the presence of most leading tech companies, San Francisco is one of the best places to build a career in tech. While job seekers shouldn't feel limited to only looking in The Bay Area, it's worth considering. We pulled together a list of the fastest-growing start-ups in San Francisco that are hiring now. We analyzed AngelList data to find which companies have added the most employees in 2019. From there, we selected the top start-ups that currently have open jobs and removed any company that didn't include the salaries/equity it's willing to offer.