Power of Scale: Internship Fair at Atlanta Tech Village

Tonight we had our largest college internship fair yet called Startup + Student Connection: Spring 2014. Over 300 students signed up to attend from all over Atlanta, including a number from Georgia State and Georgia Tech. When thinking about the program, it occurred to me that this exemplifies one of the major benefits of having…

Tech Square Labs: Billion Dollar Startups

Paul Judge set the stage earlier this week with Unicorns in Atlanta: A Look at Atlanta’s Billion Dollar Exits and Current Promising Startups. Atlanta has had a number of billion dollar exits over the years but there’s a desire to have more. Many more. Today, Urvaksh announced that Paul Judge and Allen Nance are launching Tech Square Labs…

Notes from the Box S-1 IPO Filing

The much anticipated Box S-1 IPO filing was just released and it’s filled with a ton of interesting data. Box was co-founded by Aaron Levie, purveyor of the some of the most astute 140 character quips Twitter has ever seen (see 10 Awesome Startup Tweets from Box’s Aaron Levie). Another reason the S-1 is so…

The Difference Between a 3x and 10x Multiple for SaaS

Software-as-a-Service (SaaS) valuations continue to be high, and I believe they’ll be cut in half over the long run. Now, some SaaS companies, even in our current climate, trade in the 2-3x revenue multiple range (see Constant Contact). As startups pitch institutional investors, the inclination is to shoot for the big valuations, as that’s human…

What’s Required to Raise a Seed Round

As the cost to build a software prototype has plummeted over the past 10 years, the number of tech startups has grown dramatically. Only, the number of active venture capitalists has actually shrunk, and it’s still super expensive to scale a business as growth requires serious cash (see 5 Hidden Challenges with SaaS). After putting…